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

Mar 7, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2006-03-03

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-03	Common Stock	F	673	$51.87	Disposed	931923	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	18167	Indirect
Common Stock	19982	Indirect
Common Stock	24823	Indirect
Common Stock	37724	Indirect
Common Stock	118069	Indirect
Common Stock	41891	Indirect
Common Stock	218375	Indirect
Common Stock	19963	Indirect
Common Stock	150709	Indirect