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

Jan 24, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2007-01-22

Reporting Person: ABERDEEN JEFFERY D (Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-22	Common Stock	M	3661	$19.172	Acquired	15814	Direct
2007-01-22	Common Stock	F	1443	$48.64	Disposed	14371	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-01-22	Employee Stock Option (right to buy)	$19.172	M	3661	Disposed	2007-02-04	Common Stock (3661)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7960	Indirect
Common Stock	274	Indirect
Common Stock	274	Indirect
Common Stock	274	Indirect
Common Stock	1320	Indirect