COMMERCIAL METALS Co — Director's Dealing 2004

Jan 23, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCIAL METALS CO (CMC)
CIK: 0000022444
Period of Report: 2004-01-22

Reporting Person: OWEN DOROTHY G (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-01-22	Non-Qualified Stock Option (right to buy)	$30.1	A	3000	Acquired	2011-01-22	Common Stock (3000)	Direct
2004-01-22	Non-Qualified Stock Option (right to buy)	$30.1	A	3749	Acquired	2011-01-22	Common Stock (3749)	Direct

Footnotes

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