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

Dec 17, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2003-12-09

Reporting Person: CLARK A BAYARD III (Executive Vice President, CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-09	Common Stock	G	50	—	Disposed	56253	Direct

Footnotes

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