ASSOCIATED BANC-CORP — Director's Dealing 2005

May 19, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASSOCIATED BANC-CORP (ASBC)
CIK: 0000007789
Period of Report: 2005-05-18

Reporting Person: WEBER GORDON J (Executive Vice President,)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-18	Common Stock $.01 Par Value	M	2597	$13.54	Acquired	130268.112	Direct
2005-05-18	Common Stock $.01 Par Value	S	2597	$33	Disposed	127671.112	Direct
2005-05-18	Common Stock $.01 Par Value	M	413	$15.52	Acquired	128084.112	Direct
2005-05-18	Common Stock $.01 Par Value	S	413	$33	Disposed	127671.112	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-05-18	Non-Qualified Stock Option (right to buy)	$13.54	M	2597	Disposed	2006-01-24	Common Stock $.01 Par Value (2597)	Direct
2005-05-18	Non-Qualified Stock Option (right to buy)	$15.52	M	413	Disposed		Common Stock $.01 Par Value (413)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock $.01 Par Value	29905.76	Indirect
Common Stock $.01 Par Value	662.779	Indirect
Common Stock $.01 Par Value	2007.804	Indirect
Common Stock $.01 Par Value	1344.058	Indirect
Common Stock $.01 Par Value	680.722	Indirect

Footnotes

F1: This transaction was completed pursuant to the terms the insider established in a Rule 10b5-1 Trading Plan, as filed with the SEC on 12/14/04.

F2: Options expire 10 years from the date of grant.