COMMERCE BANCSHARES INC /MO/ — Director's Dealing 2004

Mar 9, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2004-03-05

Reporting Person: ABERDEEN JEFFERY D (Controller)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-05	Non-Qualified Stock Option (right to buy)	$49.89	A	4000	Acquired	2014-03-05	Common Stock (4000)	Direct

Footnotes

F1: The option vests in four equal annual installments beginning on March 5, 2004.