-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 RjXYZHZ2xtPOAPTAvEYr02gbVd1rollLp1QJDzvEVOZUtRNWkhU5p/NWC3jwoB1y
 VYqZOGFuvzw6Lyi5a7J9tw==

<SEC-DOCUMENT>0000022356-03-000052.txt : 20030214
<SEC-HEADER>0000022356-03-000052.hdr.sgml : 20030214
<ACCEPTANCE-DATETIME>20030214121510
ACCESSION NUMBER:		0000022356-03-000052
CONFORMED SUBMISSION TYPE:	5
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030214
FILED AS OF DATE:		20030214

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COMMERCE BANCSHARES INC /MO/
		CENTRAL INDEX KEY:			0000022356
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				430889454
		STATE OF INCORPORATION:			MO
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		5
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-02989
		FILM NUMBER:		03564540

	BUSINESS ADDRESS:	
		STREET 1:		1000 WALNUT
		CITY:			KANSAS CITY
		STATE:			MO
		ZIP:			64106
		BUSINESS PHONE:		8162342000

	MAIL ADDRESS:	
		STREET 1:		P O BOX 13686
		CITY:			KANSAS CITY
		STATE:			MO
		ZIP:			64199

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KEMPER JONATHAN M
		CENTRAL INDEX KEY:			0001184697
		RELATIONSHIP:				OFFICER

	FILING VALUES:
		FORM TYPE:		5

	BUSINESS ADDRESS:	
		STREET 1:		P.O. BOX 13686
		CITY:			KANSAS CITY
		STATE:			MO
		ZIP:			64199-3686
		BUSINESS PHONE:		3143011700

	MAIL ADDRESS:	
		STREET 1:		PO BOX 13686
		CITY:			KANSAS CITY
		STATE:			MO
		ZIP:			64199-3686
</SEC-HEADER>
<DOCUMENT>
<TYPE>5
<SEQUENCE>1
<FILENAME>jkemper1231025.txt
<DESCRIPTION>FORM 5 -- JONATHAN M KEMPER
<TEXT>
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check box if no longer subject to Section 16.
    Form 4 or Form 5 obligations may continue.

[ ] Form 3 Holdings Reported

[ ] Form 4 Transactions Reported

1. Name and Address of Reporting Person(s)
   Kemper, Jonathan M.
   1000 Walnut Street
   Kansas City, Missouri 64106

2. Issuer Name and Ticker or Trading Symbol
   Commerce Bancshares, Inc. (CBSH)

3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)

4. Statement for Month/Year
   12/31/2002

5. If Amendment, Date of Original (Month/Year)

6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
   [X] Director                   [ ] 10% Owner
   [X] Officer (give title below) [ ] Other (specify below)
   Vice Chairman

7. Individual or Joint/Group Filing (Check Applicable Line)
   [X] Form filed by One Reporting Person
   [ ] Form filed by More than One Reporting Person

<TABLE>
<CAPTION>
Table I   Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Security                           2)Trans-    3.Trans- 4.Securities Acquired(A)      5)Amount of    6)  7)Nature of
                                              action      action   or Disposed of (D)            Securities         Indirect
                                              Date        Code                   A               Beneficially   D   Beneficial
                                              (Month/                            or              Owned at       or  Ownership
                                              Day/Year)   Code     Amount        D  Price        End of Year    I
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                           <C>         <C>      <C>           <C><C>          <C>            <C><C>

Common Stock                                                                                     17,262         I  Charlotte Kemper
                                                                                                                   Trust
Common Stock                                                                                     21,444         I  David BR Kemper
                                                                                                                   Trust
Common Stock                                                                                     4,743          D  Direct
Common Stock                                  12/31/02    A        1,697 (1)     A               3,770          I  Exec Comp Plan

Common Stock                                                                                     101,994        I  Irrev Trust for
                                                                                                                   self
Common Stock                                                                                     36,189         I  Irrev Trust-
                                                                                                                   children
Common Stock                                                                                     203,545        I  Julie K Foyer
                                                                                                                   Trust
Common Stock                                                                                     60,641         I  Laura K Fields
                                                                                                                   Trust
Common Stock                                                                                     17,246         I  Nicholas Kemper
                                                                                                                   Trust
Common Stock                                                                                     759,422        I  Rev Trust for
                                                                                                                   self
Common Stock                                                                                     14,175         I  Thrift Plan

<CAPTION>
Table II (PART 1)  Derivative Securitites Acquired, Disposed of, or Beneficially Owned  (Columns 1 through 6)
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative          2)Conversion    3)Trans-       4)Trans-  5)Number of Derivative            6)Date Exercisable and
Security                       or Exercise     action         action    Securities Acquired (A)           Expiration Date
                               Price of        Date           Code      or Disposed of (D)
                               Derivative
                               Security                       Code      A                D                Exercisable  Expiration
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>             <C>            <C>       <C>              <C>              <C>          <C>

<CAPTION>
Table II (PART 2)  Derivative Securitites Acquired, Disposed of, or Beneficially Owned  (Columns 1,3 and 7 through 11)
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative          3)Trans-  7)Title and Amount                           8)Price     9)Number of   10) 11)Nature of
Security                       action    of Underlying                                of Deri-    Derivative        Indirect
                               Date      Securities                                   vative      Securities    D   Beneficial
                                                                        Amount or     Security    Beneficially  or  Ownership
                                                                        Number of                 Owned at      I
                  -                      Title                          Shares                    End of Year
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>       <C>                            <C>           <C>         <C>           <C> <C>


<FN>
Explanation of Responses:

(1)
Acquired on various dates between January 1 and August 29, 2002, pursuant to Commerce Bancshares' deferred compensation plan.

</FN>
</TABLE>

SIGNATURE OF REPORTING PERSON
/S/ By: Jeffery D. Aberdeen
    For: Jonathan M. Kemper

DATE 02/14/2003


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
