COMMERCIAL METALS Co — Director's Dealing 2004

Sep 24, 2004

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: COMMERCIAL METALS CO (CMC)
CIK: 0000022444
Period of Report: 2004-09-20

Reporting Person: HANNS ZOELLNER (V.P. & Mrktg & Dstrib Pres.)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5150	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$11.7625	2008-02-02	Common Stock (11850)		Direct
Non-Qualified Stock Option (right to buy)	$14.54	2010-02-03	Common Stock (10400)		Direct
Non-Qualified Stock Option (right to buy)	$15.4375	2006-10-22	Common Stock (6000)		Direct
Non-Qualified Stock Option (right to buy)	$17.165	2009-02-04	Common Stock (11850)		Direct
Non-Qualified Stock Option (right to buy)	$31.125	2011-03-05	Common Stock (10500)		Direct

Footnotes

F1: 50% vests one year from date of grant; balance vests two years from date of grant.