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

Nov 22, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2003-11-19

Reporting Person: ANDERSON ANDREW F (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-19	Common Stock	S	2000	$49.02	Disposed	91595	Direct
2003-11-19	Common Stock	S	900	$49.01	Disposed	90695	Direct
2003-11-19	Common Stock	S	2100	$49	Disposed	88595	Direct

Holdings (Non-Derivative)

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