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

Nov 14, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2003-11-13

Reporting Person: ANDERSON ANDREW F (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-13	Common Stock	S	1000	$49.12	Disposed	104595	Direct
2003-11-13	Common Stock	S	2050	$49.2	Disposed	102545	Direct
2003-11-13	Common Stock	S	850	$49.21	Disposed	101695	Direct
2003-11-13	Common Stock	S	100	$49.214	Disposed	101595	Direct
2003-11-13	Common Stock	S	1000	$49.23	Disposed	100595	Direct
2003-11-13	Common Stock	S	300	$49.24	Disposed	100295	Direct
2003-11-13	Common Stock	S	300	$49.29	Disposed	99995	Direct
2003-11-13	Common Stock	S	700	$49.3	Disposed	99295	Direct
2003-11-13	Common Stock	S	700	$49.31	Disposed	98595	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	244	Indirect
Common Stock	228	Indirect
Common Stock	189	Indirect