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

Dec 4, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2003-12-02

Reporting Person: STOLZER L W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-02	Common Stock	G	3696	—	Disposed	410855	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5242	Direct
Common Stock	1064687	Indirect

Footnotes

F1: Includes 5% stock dividend, ex-date 11/25/2003