COMERICA INC — Director's Dealing 2003

Mar 12, 2003

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

FORM 4

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

o Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1.	2.	Issuer Name and Ticker or Trading Symbol				I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
Buttigieg, III, Joseph J. (Last) (First) (Middle)		Comerica Incorporated (CMA)
Comerica Incorporated 500 Woodward Avenue (Street)	4.	Statement for Month/Day/Year			5.	If Amendment, Date of Original (Month/Day/Year)
		March 7, 2003
	6.	Relationship of Reporting Person(s) to Issuer (Check All Applicable)			7.	Individual or Joint/Group Filing (Check
Applicable Line)
Detroit, MI, 48275-3385 (City) (State) (Zip)		x	Director	o	10% Owner	x	Form Filed by One Reporting Person
		x	Officer (give title below)			o	Form Filed by More than One Reporting Person
		o	Other (specify below)
			Vice Chairman / Director

Reminder:	Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see instruction 4(b)(v).

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Title of Security (Instr. 3)	Transaction Date (Month/Day/Year)	Deemed Execution Date, if any (Month/Day/Year)	Transaction Code (Instr. 8)	4.	Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		5.	Amount of Sec- urities Beneficially Owned Following Reported Trans- action(s) (Instr. 3 and 4)	Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	3/7/03	3/10/03	A		2,431	A	40.35	71,249(1)	D
Common Stock								685(2)	I	401(k)

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Title of Derivative Security (Instr. 3)	Conversion or Exercise Price of Derivative Security	Transaction Code (Instr. 8)	5.	Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
		Code	V	(A)	(D)
Employee Stock Option (Right to Buy)	$18.00
Employee Stock Option (Right to Buy)	$18.59
Employee Stock Option (Right to Buy)	$25.42
Employee Stock Option (Right to Buy)	$40.25
Employee Stock Option (Right to Buy)	$71.58
Employee Stock Option (Right to Buy)	$66.81
Employee Stock Option (Right to Buy)	$41.50
Employee Stock Option (Right to Buy)	$51.43
Employee Stock Option (Right to Buy)	$63.20

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Date Exercisable and Expiration Date (Month/Day/Year)	7.	Title and Amount of Underlying Securities (Instr. 3 and 4)	8.	Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
Date Exercisable	Expiration Date	Title	Amount or Number of Shares
(3)	4/19/2004	Common Stock	13,275	13,275	D
(4)	4/18/2005	Common Stock	16,500	16,500	D
(5)	4/14/2006	Common Stock	18,000	18,000	D
(6)	4/20/2007	Common Stock	18,000	18,000	D
(7)	3/20/2008	Common Stock	25,000	25,000	D
(8)	3/19/2009	Common Stock	40,000	40,000	D
(9)	3/17/2010	Common Stock	75,000	75,000	D
(10)	4/30/2011	Common Stock	75,000	75,000	D
(11)	4/17/2012	Common Stock	70,000	70,000	D

Explanation of Responses:

(1) Shares acquired under a three-year incentive plan. This number includes shares purchased under the CMA dividend reinvestment plan and shares acquired through employee stock plans as of December 31, 2002. (2) As of December 31, 2002. (3) The option vests in four equal annual installments beginning on January 20, 1995. (4) The option vests in four equal annual installments beginning on January 19, 1996. (5) The option vests in four equal annual installments beginning on January 17, 1997. (6) The option vests in four equal annual installments beginning on January 20, 1998. (7) The option vests in four equal annual installments beginning on January 15, 1999. (8) The option vests in four equal annual installments beginning on January 14, 2000. (9) The option vests in four equal annual installments beginning on January 19, 2001. (10) The option vests in four equal annual installments beginning on January 22, 2002. (11) The option vests in four equal annual installments beginning on January 21, 2003.

Carol H. Rodriguez, on behalf of Joseph J. Buttigieg, III	March 11, 2003
**Signature of Reporting Person	Date

**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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