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 Wollman Harvey L (Last)            (First)              (Middle) 40004, 184th Street (Street) Frankfort, SD 57440 (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)
			XDirector       Officer (give title below)	10% Owner      Other (specify below)
			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							23,101	D
							4,310 (a)	1	Def. Comp

(a)  Includes 1,360 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. 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 Securities: Direct (D) or Indirect (I) (Instr. 4)

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

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Option*

$24.6875

4/28/98

4/28/03

Common Stock

4,000

4,000

D

Option*

$20.375

4/27/99

4/27/09

Common Stock

4,000

4,000

D

Option*

$15.875

4/25/00

4/25/10

Common Stock

4,000

4,000

D

Option*

$21.49

4/24/01

4/24/11

Common Stock

4,000

4,000

D

Option*

$26.55

4/23/02

4/23/12

Common Stock

4,000

4,000

D

Explanation of Responses:

(*) Option – Right to Buy

Harvey Wollman ** Signature of Reporting Person 1-30-03 Date

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

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