Edgar Filing: COMMERCIAL METALS CO

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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3235-0287

Expires:

January 31, 2005

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

FELDMAN MOSES

2. Issuer Name and Ticker or Trading Symbol
COMMERCIAL METALS CO [CMC]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

841 ANDORRA ROAD

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2005

(Street)

LAFAYETTE HILL, PA 19444

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	01/05/2005		S		2,400 ⁽¹⁾	D	$ 24.535 ⁽²⁾	899,964 ⁽³⁾	I	by Trust ⁽⁴⁾
Common Stock	01/05/2005		S		3,600 ⁽¹⁾	D	$ 24.545 ⁽²⁾	896,364 ⁽³⁾	I	by Trust ⁽⁴⁾
Common Stock	01/05/2005		S		2,000 ⁽¹⁾	D	$ 24.555 ⁽²⁾	894,364 ⁽³⁾	I	by Trust ⁽⁴⁾
Common Stock	01/05/2005		S		9,400 ⁽¹⁾	D	$ 24.9 ⁽²⁾	884,964 ⁽³⁾	I	by Trust ⁽⁴⁾
Common Stock	01/05/2005		S		6,000 ⁽¹⁾	D	$ 24.905 ⁽²⁾	878,964 ⁽³⁾	I	by Trust ⁽⁴⁾
Common Stock	01/05/2005		S		13,400 ⁽¹⁾	D	$ 25 ⁽²⁾	865,564 ⁽³⁾	I	by Trust ⁽⁴⁾
Common Stock	01/05/2005		S		1,000 ⁽¹⁾	D	$ 25.02 ⁽²⁾	864,564 ⁽³⁾	I	by Trust ⁽⁴⁾
Common Stock	01/05/2005		S		200 ⁽¹⁾	D	$ 25.025 ⁽²⁾	864,364 ⁽³⁾	I	by Trust ⁽⁴⁾
Common Stock								222,176	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
FELDMAN MOSES 841 ANDORRA ROAD LAFAYETTE HILL, PA 19444	X

Signatures

By: REBECCA N. HEFFINGTON For: MOSES FELDMAN		01/05/2005
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Includes the additional shares to be delivered to the buyer pursuant to due bills attributable to the 2 for 1 stock split in the form of a stock dividend to holders of record December 13, 2004 to be distributed January 10, 2005.
(2)	The per share price has been adjusted to reflect the per share price for all shares, including those represented by due bills resulting from the 2 for 1 stock split in the form of a stock dividend to holders of record December 13, 2004 to be distributed January 10, 2005.
(3)	Includes the additional shares resulting from the 2 for 1 stock split in the form of a stock dividend to holders of record December 13, 2004 to be distributed January 10, 2005.
(4)	The reporting person is one of four Trustees of the Marital Trust.

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