ASSOCIATED BANC-CORP — Director's Dealing 2004

Nov 18, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASSOCIATED BANC-CORP (ASBC)
CIK: 0000007789
Period of Report: 2004-11-16

Reporting Person: PETERS DONALD E (Executive Vice President,)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-11-16	Common Stock $.01 Par Value	M	9000	$21.24	Acquired	164780	Direct
2004-11-16	Common Stock $.01 Par Value	S	9000	$33.9589	Disposed	155780	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-11-16	Non-Qualified Stock Option (right to buy)	$21.24	M	9000	Disposed	2012-01-23	Common Stock $.01 Par Value (9000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock $.01 Par Value	103204.565	Indirect