COMMERCE BANCSHARES INC /MO/ — Director's Dealing 2003

Dec 18, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2003-12-16

Reporting Person: BARTH KEVIN G (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-16	Common Stock	A	16	$48.11	Acquired	3530	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7585	Direct
Common Stock	7474	Indirect

Footnotes

F1: All stock holdings adjusted to include 5% stock dividend. Ex-Date 11-25-2003.