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

Dec 2, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2003-11-28

Reporting Person: STOLZER L W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-28	Common Stock	A	11	$47.85	Acquired	1064687	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5242	Direct
Common Stock	414551	Indirect

Footnotes

F1: Shares purchased under Commerce Bancshares, Inc. stock purchase plan for non-employee directors