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

Feb 3, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2004-01-30

Reporting Person: MEEK TERRY O (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-30	Common Stock	A	51	$48.92	Acquired	16755	Direct
2004-01-30	Common Stock	A	16	$48.92	Acquired	2252	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2170	Indirect
Common Stock	2170	Indirect
Common Stock	2170	Indirect
Common Stock	2170	Indirect

Footnotes

F1: All stock holdings adjusted to include 5% stock dividend. Ex-Date 11-25-2003.

F2: Shares purchased under Commerce Bancshares, Inc. stock purchase plan for non-employee directors