COMMERCE BANCSHARES INC /MO/ — Director's Dealing 2005

Jul 19, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2005-07-15

Reporting Person: ABERDEEN JEFFERY D (Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-07-15	Common Stock	M	1200	$23.7506	Acquired	11143	Direct
2005-07-15	Common Stock	S	1200	$53.03	Disposed	9943	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-07-15	Stock Option (right to buy)	$23.7506	M	1200	Disposed	2010-02-03	Common Stock (1200)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6709	Indirect
Common Stock	249	Indirect
Common Stock	249	Indirect
Common Stock	249	Indirect
Common Stock	1199	Indirect