COMMERCIAL METALS Co — Director's Dealing 2003

Dec 22, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCIAL METALS CO (CMC)
CIK: 0000022444
Period of Report: 2003-12-22

Reporting Person: RABIN STANLEY A (Director, Chairman; Pres. & CEO; Dir.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-22	Common Stock	G	2500	—	Disposed	364746	Direct
2003-12-22	Common Stock	M	24000	$13.805	Acquired	388746	Direct
2003-12-22	Common Stock	F	10830	$30.595	Disposed	377916	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-12-22	Non-Qualified Stock Option (right to buy)	$13.805	M	24000	Disposed	2003-12-23	Common Stock (24000)	Direct