FORM 5  Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).  Form 3 Holdings Reported       Form 4 Transactions Reported	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.  20549 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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	OMB APPROVAL
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1. Name and Address of Reporting Person Rasmus Brad J (Last)            (First)              (Middle) 520 Main Avenue (Street) Fargo, ND 58124 (City)       (State)          (Zip)	2. Issuer Name and Ticker     or Trading Symbol Community First Bankshares, Inc. CFBX  3. I.R.S. Identification     Number of Reporting     Person, if an entity     (voluntary)	4. Statement for Month/Year December 2002  5. If Amendment, Date of     Original (Month/Year)	6. Relationship of Reporting Person(s) to Issuer     (Check all applicable)
			Director  X   Officer (give title below)	10% Owner      Other (specify below)
			Senior Vice President, CFC Region President
			7. Individual or Joint/Group Reporting     (check applicable line)   X   Form Filed by One Reporting Person       Form Filed by More than One Reporting Person

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 at the     end of Issuer's     Fiscal Year     (Instr. 3 and 4)	6. Owner-     ship     Form:     Direct(D)     or     Indirect (I)     (Instr. 4)	7.  Nature of      Indirect      Beneficial      Ownership      (Instr. 4)
				Amount	(A) or (D)	Price
Common Stock							2,100	D
Common Stock							5,947 (a)	I	401(k)
Common Stock							613 (b)	I	SERP

(a)Includes 855 shares purchased, not previously reported.

(b)Includes 427 shares purchased, not previously reported.

* If the form is filed by more than one reporting person, see instruction 4(b)(v).

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. Conver sion or Exercise Price of Derivative Secrity

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 at End of Year (Instr. 4)

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

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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Option*

$24.875

(1)

2/3/03

Common Stock

3,000

3,000

D

Option*

$19.5625

(2)

2/2/09

Common Stock

3,000

3,000

D

Option*

$14.00

(2)

2/8/10

Common Stock

15,000

15,000

D

Option*

$19.3125

(2)

2/6/11

Common Stock

10,000

10,000

D

Option*

$24.25

(2)

2/5/12

Common Stock

12,000

12,000

D

Explanation of Responses:

(1)The option becomes exercisable with respect to one-third of the shares per year, commencing one year from the date of grant, which is also four years prior to the expiration date.

(2)The option becomes exercisable with respect to one-third of the shares per year, commencing one year from the date of grant, which is also nine years prior to the expiration date.

/s/ Galen O. Skarphol *** ** Signature of Reporting Person 2/11/03 Date

**         Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
             See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

***      Attorney-in-fact, pursuant to power-of-attorney dated September 20, 2002

Note:    File three copies of this Form, one of which must be manually signed.
             If space provided is insufficient, see Instruction 6 for procedure.

http://www.sec.gov/divisions/corpfin/forms/form5.htm

Last update: 09/03/2002