COMMERCIAL METALS Co — Director's Dealing 2005

Jan 22, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCIAL METALS CO (CMC)
CIK: 0000022444
Period of Report: 2005-01-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-01-20	Common Stock	M	6818	$7.719	Acquired	22300	Direct
2005-01-20	Common Stock	F	1953	$26.95	Disposed	20347	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-01-20	Non-Qualified Stock Option (right to buy)	$7.719	M	6818	Disposed	2006-10-22	Common Stock (6818)	Direct

Footnotes

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