COMMERCE BANCSHARES INC /MO/ — Director's Dealing 2006

Dec 14, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2006-12-13

Reporting Person: KEMPER JONATHAN M (Director, Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-13	Common Stock	A	213	$48.5	Acquired	44610	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	999251	Direct
Common Stock	19668	Indirect
Common Stock	20981	Indirect
Common Stock	26064	Indirect
Common Stock	123972	Indirect
Common Stock	43985	Indirect
Common Stock	221420	Indirect
Common Stock	20961	Indirect
Common Stock	158244	Indirect

Footnotes

F1: Stock holdings adjusted to include 5% stock dividend -- record date 11/29/2006; payable date 12/13/2006