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

Mar 29, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2007-03-28

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-28	Common Stock	A	235	$48.35	Acquired	45774	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1002897	Direct
Common Stock	19861	Indirect
Common Stock	20981	Indirect
Common Stock	26064	Indirect
Common Stock	123972	Indirect
Common Stock	43985	Indirect
Common Stock	217920	Indirect
Common Stock	20961	Indirect
Common Stock	158244	Indirect