ASSOCIATED BANC-CORP — Director's Dealing 2003

Dec 10, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASSOCIATED BANC-CORP (ASBC)
CIK: 0000007789
Period of Report: 2003-12-05

Reporting Person: OLSEN ARTHUR E (Audit Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-05	Common Stock $.01 Par Value	A	16.89	—	Acquired	6934.51	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock $.01 Par Value	3392.388	Direct

Footnotes

F1: Based on an account valuation as of December 9, 2003, reflecting the settlement of inter-plan transfers into the stock fund which occurred on December 5, 2003.

F2: The closing price of Associated Banc-Corp stock on 12/5/03 was $42.00 per share.

F3: Total includes adjustment in shares at 9/30/95 in 401k trust account for which shares were purchased during the third quarter of 1995; Reporting person has elected a redistribution of shares within Plan effective 7/1/95 pursuant to an irrevocable election dated 12/16/94.