COMMERCIAL METALS Co — Director's Dealing 2004

Nov 16, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCIAL METALS CO (CMC)
CIK: 0000022444
Period of Report: 2004-11-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-11-15	Common Stock	M	30000	$13.6563	Acquired	430000	Direct
2004-11-15	Common Stock	F	10146	$40.38	Disposed	419854	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-11-15	Non-Qualified Stock Option (right to buy)	$13.6563	M	30000	Disposed	2006-03-13	Common Stock (30000)	Direct

Footnotes

F1: 40,000 shares vests on 3/13/99 and the balance of 30,000 shares vest on 3/13/03