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

Feb 2, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2005-01-31

Reporting Person: BALZER GIORGIO (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-01-31	Common Stock	A	130	$48.07	Acquired	914	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7690	Indirect

Footnotes

F1: Shares purchased under Commerce Bancshares, Inc. stock purchase plan for non-employee directors.

F2: All holdings reported in column 5 of this form have been restated for a 5% stock dividend, ex-date 11/24/2004.