Exhibit 10.19


    
      

    


    Exhibit
      10.19

    


    


    


    SUMMARY
      OF
      COMPENSATION OF EXECUTIVE OFFICERS

    


    


    Anheuser-Busch
      Companies, Inc. (the “Company”) does not have employment agreements with any of
      its executive officers. The following is a description of executive officer
      compensation.

    


    On
      November 23,
      2005, the Compensation Committee (the “Committee”) of the Board of Directors of
      the Company approved the annual base salaries effective January 1, 2006, of
      the
      Company’s executive officers after review of performance and competitive market
      data. The following table sets forth the 2006 base salary of the Company’s Named
      Executive Officers (which officers were determined by reference to the Proxy
      Statement for the Company’s 2006 Annual Meeting of Stockholders, dated March 9,
      2006). The 2006 base salaries are the same as the 2005 base salaries for these
      executives. 

    


    
      	
               

              Name
                and Position

            	
              2006
                Base Salary

            
	
              Patrick
                T.
                Stokes

              President
                and
                Chief Executive Officer

            	 	
              $

            	
              1,526,745     
                

            	 
	 	 	 	 	 
	
              August
                A.
                Busch III

              Chairman
                of
                the Board

            	 	
              $

            	
              600,000     
                

            	 
	 	 	 	 	 
	
              August
                A.
                Busch IV

              Vice
                President and Group Executive

            	 	
              $

            	
              950,000     
                

            	 
	 	 	 	 	 
	
              W.
                Randolph
                Baker

              Vice
                President and Chief Financial Officer

            	 	
              $

            	
              615,000     
                

            	 
 
	 	 	 	 	 
	
              Douglas
                J.
                Muhleman

              Group
                Vice
                President, Brewing, Operations and Technology, Anheuser-Busch,
                Incorporated

            	 	
              $

            	
              574,750     
                

            	 


    

    


     

    No
      bonus payments
      were made to the Company’s Named Executive Officers for 2005. Information
      regarding 2006 bonuses is contained in the Company’s Form 8-K filed with the
      Securities and Exchange Commission on February 22, 2006.


    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    


    


    Also
      on November
      23, 2005, the Committee approved grants of ten year incentive and non-qualified
      stock option awards to approximately 2,800 officers and management employees
      of
      the Company and its subsidiaries and affiliates eligible to receive such awards
      under the Company’s 1998 Incentive Stock Plan including the Named Executive
      Officers for 2005. In addition, the Committee approved performance-vesting
      restricted stock awards to Executive Officers of the Company including the
      Named
      Executive Officers for 2005 and service-vesting restricted stock awards to
      approximately 2,800 officers and management employees of the Company and its
      subsidiaries and affiliates eligible to receive such awards under the 1998
      Incentive Stock Plan. All such awards of restricted stock were effective January
      1, 2006. The 1998 Incentive Stock Plan, as amended, is attached as Appendix
      C to
      the Proxy Statement for the Company’s 2005 Annual Meeting of Stockholders, dated
      March 10, 2005.

    


    Information
      concerning the stock option awards to the Company’s Named Executive Officers is
      contained in Form 8-K dated November 23, 2005, and filed by the Company with
      the
      Securities & Exchange Commission on November 29, 2005. Performance-vesting
      restricted stock awards made to the Company’s Named Executive Officers are set
      forth below:

    


    


    
      	
               

              Name
                and Position

            	
              Restricted
                Stock Awards

            
	
              Patrick
                T.
                Stokes

              President
                and
                Chief Executive Officer

            	 	
               42,915                
                

            	 
	 	 	 	 	 
	
              August
                A.
                Busch III

              Chairman
                of
                the Board

            	 	
               21,363                
                

            	 
	 	 	 	 	 
	
              August
                A.
                Busch IV

              Vice
                President and Group Executive

            	 	
               22,698                
                

            	 
	 	 	 	 	 
	
              W.
                Randolph
                Baker

              Vice
                President and Chief Financial Officer

            	 	
               9,508                
                

            	 
	 	 	 	 	 
	
              Douglas
                J.
                Muhleman

              Group
                Vice
                President, Brewing, Operations and Technology, Anheuser-Busch,
                Incorporated

            	 	
               8,886                
                

            	 


    

    


    


    The
      Company has
      provided additional information regarding compensation awarded to Named
      Executive Officers in respect of and during the year ended December 31, 2005,
      in
      the Proxy Statement for the Company’s 2006 Annual Meeting of Stockholders dated
      March 9, 2006, which has been filed with the Securities and Exchange
      Commission.