Insider Trades - BAKER W RANDOLPH

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BAKER W RANDOLPH: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
ANHEUSER-BUSCH COMPANIES, INC. Officer BUD	18-Nov-08 18-Nov-08	0 0 0	Direct Indirect Total

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
18-Nov-08 *46,560 BUD Disposition (Non Open Market) at $70 per share.
(Value of $3,259,200)
18-Nov-08 378,203 BUD Disposition (Non Open Market) at $70 per share.
(Value of $26,474,210)
13-Nov-08 2,198 BUD Option Exercise at $67.09 per share.
(Cost of $147,463)
12-Nov-08 8,621 BUD Disposition (Non Open Market) at $66.44 per share.
(Value of $572,779)
11-Nov-08 65,006 BUD Disposition (Non Open Market) at $0 per share.
10-Nov-08 15,157 BUD Option Exercise at $66.19 per share.
(Cost of $1,003,241)
7-Nov-08 197,362 BUD Option Exercise at $65.01 per share.
(Cost of $12,830,503)
21-May-08 49,879 BUD Sale at $51.95 - $52 per share.
(Proceeds of about $2,592,000)
14-May-08 200,000 BUD Option Exercise at $29.97 per share.
(Cost of $5,994,000)
14-May-08 148,707 BUD Disposition (Non Open Market) at $52.03 per share.
(Value of $7,737,225)
* Indicates that some (or all) shares are held indirectly (e.g. in a trust, by a spouse, etc.)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
18-Nov-08	*46,560	BUD	Disposition (Non Open Market) at $70 per share. (Value of $3,259,200)
18-Nov-08	378,203	BUD	Disposition (Non Open Market) at $70 per share. (Value of $26,474,210)
13-Nov-08	2,198	BUD	Option Exercise at $67.09 per share. (Cost of $147,463)
12-Nov-08	8,621	BUD	Disposition (Non Open Market) at $66.44 per share. (Value of $572,779)
11-Nov-08	65,006	BUD	Disposition (Non Open Market) at $0 per share.
10-Nov-08	15,157	BUD	Option Exercise at $66.19 per share. (Cost of $1,003,241)
7-Nov-08	197,362	BUD	Option Exercise at $65.01 per share. (Cost of $12,830,503)
21-May-08	49,879	BUD	Sale at $51.95 - $52 per share. (Proceeds of about $2,592,000)
14-May-08	200,000	BUD	Option Exercise at $29.97 per share. (Cost of $5,994,000)
14-May-08	148,707	BUD	Disposition (Non Open Market) at $52.03 per share. (Value of $7,737,225)