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COMMERCE BANCSHARES INC /MO/ Director's Dealing 2003

Sep 30, 2003

30742_dirs_2003-09-30_3b7f08db-af58-4cfd-b351-3f9dee35b6c4.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2003-09-29

Reporting Person: KEMPER DAVID W (Director, Chairman of the Board, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-29	Common Stock	A	27	$43.96	Acquired	5309	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	921207	Direct
Common Stock	9852	Indirect
Common Stock	1392	Indirect
Common Stock	17262	Indirect
Common Stock	17266	Indirect
Common Stock	17266	Indirect
Common Stock	2193532	Indirect
Common Stock	36189	Indirect
Common Stock	130190	Indirect
Common Stock	17255	Indirect