COMMERCE BANCSHARES INC /MO/ — Director's Dealing 2007

Dec 17, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2007-12-13

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-12-13	Common Stock	A	271	$42.57	Acquired	48861	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1053041	Direct
Common Stock	21389	Indirect
Common Stock	22030	Indirect
Common Stock	27367	Indirect
Common Stock	130170	Indirect
Common Stock	46184	Indirect
Common Stock	223564	Indirect
Common Stock	22009	Indirect
Common Stock	166156	Indirect

Footnotes

F1: Stock holdings adjusted to include 5% stock dividend. Record date 11/29/2007. Payable date 12/13/2007.