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

Dec 9, 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: FOSTER SARA E (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-09	Common Stock	G	150	—	Disposed	4063	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4759	Indirect

Footnotes

F1: All holdings reported in column 5 of Table 1 of this form have been restated for a 5% stock dividend, ex-date 11/25/2003.