Document:

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.Exhibit 10.20

    
      

    

    Exhibit
      10.20

    

    SUMMARY
      OF COMPENSATION OF NON-EMPLOYEE DIRECTORS OF

    ANHEUSER-BUSCH
      COMPANIES, INC.

    

    Each
      non-employee director of Anheuser-Busch Companies, Inc. (the “Company”) is
      entitled to:

    

    
      	 	
              1.

            	
              An
                annual retainer of $60,000, which such director may elect to receive
                in
                stock, cash or a combination of stock and cash under the Anheuser-Busch
                Companies, Inc. Non-Employee Director Elective Stock Acquisition
                Plan
                amended and restated as of March 1,
                2000;

            

    

    

    
      	 	
              2.

            	
              A
                fee of $2,000 per meeting for each meeting of the Board or any committee
                of the Board or other scheduled meeting of the directors of the Company
                at
                which less than a quorum is present;

            

    

    

    
      	 	
              3.

            	
              An
                annual fee of $60,000 less any board service fees that the director
                is
                paid by an affiliate company for service as a representative of the
                Company’s Board of Directors on the Board of an affiliated
                company;

            

    

    

    
      	 	
              4.

            	
              An
                annual fee of $10,000 for serving as the chair of the Compensation,
                Conflict of Interest, Corporate Governance, Finance, and Pension
                Committees of the Board; and

            

    

    

    
      	 	
              5.

            	
              An
                annual fee of $15,000 for serving as the chair of the Audit Committee
                of
                the Board.

            

    

    

    Under
      the
      Anheuser-Busch Companies, Inc. Deferred Compensation Plan for Non-Employee
      Directors, amended and restated as of March 1, 2000, each such director may
      elect to defer payment of part or all of their directors’ fees.

    

    The
      Company pays for the travel and accommodation expenses of such director (and
      spouse when requested by the Company) to attend meetings or corporate functions;
      the Company will also pay the taxes related to such payments. Such travel is
      by
      Company aircraft if available. As part of their continuing education, such
      directors are encouraged to visit Company facilities and the Company pays their
      expenses related to such visits. The Company reimburses such directors for
      their
      expenses incurred in attending director education courses. The Company provides
      each such director group term life insurance coverage of $50,000.

    

    Under
      the
      Anheuser-Busch Companies, Inc. Stock Plan for Non-Employee Directors as amended
      and restated, each such director receives an annual grant of options to purchase
      5,000 shares of the Company’s common stock (or 5,000 stock appreciation rights
      if a director is unable to own the Company’s common stock due to possible
      conflicts with state alcoholic beverage control laws).

    

    Subject
      to stockholder approval (at the Company’s Annual Meeting of Stockholders to be
      held April 26, 2006) of the 2006 Restricted Stock Plan for Non-Employee
      Directors, each such director will receive an annual award of 500 shares of
      Restricted Stock (or 500 shares of Restricted Stock units if a director is
      unable to own the Company’s common stock due to possible conflicts with state
      alcoholic beverage control laws).

    

    The
      directors are eligible to participate in the Anheuser-Busch Foundation Matching
      Gift Program. The maximum gift total for a participant in this Program is
      $10,000 in any calendar year.

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