Exhibit 10.13

                      NON-QUALIFIED STOCK OPTION AGREEMENT

         This  Non-Qualified  Stock Option  Agreement  ("Agreement") is made and
entered into as February 16, 2001, by and between Amcast Industrial Corporation,
an Ohio corporation, (the "Company"), and Byron Pond (the "Optionee").

                                   WITNESSETH:

         WHEREAS,  the Company and the  Optionee  have entered into an Executive
Employment Agreement dated February 15,2001; and

         WHEREAS,  this.  Agreement was a material  inducement  to Optionee to
enter into the Executive  Employment Agreement; and

         WHEREAS,  prior to entering  into the Executive  Employment  Agreement,
Optionee  was  not  and  had  never  been  an  employee,  director,  officer  or
substantial security holder of the Company;

         NOW,  THEREFORE,  in consideration of the mutual covenants  hereinafter
set forth and for other good and  valuable  consideration,  the  Company and the
Optionee agree as follows:

1.
Grantof the Option.  The Company  hereby  grants to the  Optionee  the right and
     option  (the  "Option")  to  purchase  all or any part of an  aggregate  of
     250,000  (Two  Hundred  Fifty  Thousand)  shares of the  Common  Stock (the
     "Option  Shares"),  (such number of shares being  subject to  adjustment as
     provided  in  Paragraph  4 herein) on the terms and  conditions  herein set
     forth.  The  Option is a  non-qualified  stock  option  under the  Internal
     Revenue Code of 1986, as amended.

2.
Vesting.  The  Option  Shares  shall vest and  become  exercisable  as  follows,
     contingent  upon the  Optionee  being  employed by the Company on each such
     vesting date:  85,000  shares on June 1, 2001;  82,500 shares on January 1,
     2002; and 82,500 shares on January 1, 2003; provided,  however, that if the
     Company  and/or its  shareholders  receive an offer that is accepted by the
     Company's  Board of Directors  and the  shareholders  (a "Change in Control
     Offer")  for a  Change  in  Control  (as  defined  in  Section  8.02 of the
     Executive  Employment  Agreement)  prior to June 1, 2001, then all unvested
     shares of the  Option  Shares  shall  immediately  become  vested as of the
     effective  date of the final Change in Control  Offer upon which the Change
     in Control was based was made. The Option shall be exercisable for a period
     of three (3) years from the date of the final vesting of the Option Shares.
     The Optionee  shall  forfeit all right and interest to any unvested  Option
     Shares and if he is not employed by the Company on the vesting date.

3.
Purchase Price.  Subject to the provisions of Paragraph 4 hereof,  the per share
     purchase price (the "Option Price") for the Option Shares shall be equal to
     the closing price of the Company's Common Stock as reported on the New York
     Stock  Exchange  Composite  Transactions  Tape on June 1,  2001;  provided,
     however,  that if a Change in Control  Offer is  accepted  prior to June 1,
     2001,  then  the  Option  Price  shall  be at a price  per  share  equal to
     eighty-five  percent  (85%) of the average  closing  price of the Company's
     Common  Stock  as  reported  on  the  New  York  Stock  Exchange  Composite
     Transactions  Tape for the last twenty (20)  trading days prior to the date
     on which the final Change in Control Offer upon which the Change in Control
     was based was made.


<PAGE>

4.
Adjustments  for  Changes in Capital  Structure.  If all or any  portion of this
     Option  shall  be  exercised  subsequent  to  any  share  dividend,  split,
     combination, recapitalization, merger, consolidation, exchange of shares or
     reorganization  as a result of which shares of any class shall be issued in
     respect to  outstanding  Common Stock,  or if Common Stock shall be changed
     into the same or a different  number of shares of the same or another class
     or classes,  the person so exercising  this Option shall  receive,  for the
     aggregate price paid upon such exercise,  the aggregate number and class of
     shares  to which  they  would  have  been  entitled  if  Common  Stock  (as
     authorized  at the date  hereof) had been  purchased at the date hereof for
     the same aggregate  price (on the basis of the  applicable  price per share
     set  forth  in  Paragraph  3  hereof)  and had not  been  disposed  of.  No
     fractional  share shall be issued upon any such  exercise and the aggregate
     price paid  shall be  appropriately  reduced  on account of any  fractional
     share not issued.

5.
Non-Transferability  of Option.  The Option shall not be transferable  except by
     will or the laws of descent and  distribution,  and may be exercised during
     the  lifetime of the Optionee  only by the  Optionee  except as provided in
     Paragraph 6 of this  Agreement.  Without  limiting  the  generality  of the
     foregoing  restriction of transferability,  the Option may not be assigned,
     transferred  (except as provided in the preceding  sentence),  pledged,  or
     hypothecated  in any way,  shall not be  assignable by operation of law and
     shall not be subject to  execution,  attachment,  or similar  process.  Any
     attempted assignment, transfer, pledge, hypothecation, or other disposition
     of the  Option  contrary  to the  provisions  hereof,  and the  levy of any
     execution,  attachment,  or similar process upon the Option,  shall be null
     and void and without effect.


6.       Exercise.
         ---------

         a. Except as  otherwise  provided  herein,  the Option may be exercised
only if the Optionee  has been  continuously  employed by the Company  since the
date upon which the Option was granted.

         b. In the event  that the  Optionee's  employment  with the  Company is
terminated  for any reason  (other than for Cause as defined in Section  6.04 of
the  Executive  Employment  Agreement),  the  Optionee  may  exercise the Option
regarding all vested Option Shares within three (3) years after such termination
of employment to the extent he was entitled to exercise it on the effective date
of  termination.  If the  Optionee is  terminated  for Cause,  the Option  shall
forthwith terminate to the extent not theretofore exercised.

         c. In the event that the Optionee  ceases to be employed by the Company
because he retires under a retirement  plan of the Company or otherwise  retires
with the consent of the Company,  the Optionee may exercise the Option regarding
all vested  Option  Shares  within  three (3) years  after such  termination  of
employment to the extent he was entitled to exercise it on the effective date of
termination.

         d. In the event the Optionee shall die while employed by the Company or
within three (3) years after (i) his  termination  of  employment  without Cause
under  Paragraph  6(b) or (ii) his retirement  under  Paragraph  6(c),  then the
Option may be exercised  within three (3) years after the Optionee's  death,  by
the person or persons (including Optionee's estate) to whom his fights under the
Option shall have passed by will or by the laws of descent and distribution.

         e. Subject to the terms and  conditions of this  Agreement,  the Option
may be exercised by written  notice to the Company at its  principal  office and
place of business in the State of Ohio.  Such notice shall state the election to
exercise  the Option  and the number of Option  Shares in respect of which it is
being  exercised,  and shall be signed by the person so  exercising  the Option.
Such notice shall be  accompanied  by the payment of the full purchase  price of
such Option  Shares and the  delivery of such  payment to the  Treasurer  of the

<PAGE>

Company. The certificate for the Option Shares as to which the Option shall have
been so exercised  shall be registered in the name of the person  exercising the
Option.  If the Optionee  shall so request in the notice  exercising the Option,
the  certificate  shall be  registered  in the name of the  Optionee and another
person  jointly with fight of  survivorship,  and shall be delivered as provided
above to or upon the written order of the person  exercising the Option.  In the
event the Option  shall be exercised  by any person  other than  Optionee,  such
notice shall be accompanied by appropriate  proof of the fight of such person to
exercise the Option.

         f. It shall be a condition to the obligation of the Company to issue or
transfer  shares of Common Stock upon  exercise of the Option  granted under the
plan by delivery of shares, that the Optionee (or any authorized representative)
pay to the  Company,  upon its demand,  cash amount as may be  requested  by the
Company for the purpose of satisfying its liability to withhold  federal,  state
or local income or other taxes  incurred by reason of the exercise of the Option
or the  transfer of shares upon such  exercise.  If the amount  requested is not
paid,  the Company may refuse to issue or transfer  shares of Common  Stock upon
exercise of the Option.

         g.  The  Company  shall  not be  required  to  issue  or  transfer  any
certificates  for  shares  purchased  upon  exercise  of this  Option  until all
applicable requirements of law have been complied with and such shares have been
listed on any  securities  exchange or system on which the Common Stock may then
be listed.

7.
Reservation of Shares.  The Company  shall,  at all times during the term of the
     Option,  reserve  and keep  available  such number of shares of its capital
     stock as will be sufficient to satisfy the  requirements of this Agreement,
     and shall pay all  original  issue and  transfer  taxes with respect to the
     issue and transfer of Option Shares pursuant hereto, and all other fees and
     expenses necessarily incurred by the Company in connection therewith.

8.
No   Rights as  Stockholder.  The holder of the Option shall not have any of the
     fights of a stockholder  with respect to the Option  Shares  covered by the
     Option except to the extent that one or more  certificates for shares shall
     be delivered to him upon the due exercise of the Option.

9.  Registration  and  Investment  Purposes.  The Company  shall use  reasonable
efforts to have the shares issuable upon the exercise of this Option  registered
on a Form S-8 Registration Statement with the Securities and Exchange Commission
under the Securities Act of 1933, as amended. Unless the Option Shares have been
so registered,  the Option is granted on the condition  that the  acquisition of
shares hereunder shall be for investment  purposes only and the person acquiring
Option  Shares upon  exercise of the Option must bear the  economic  risk of the
investment for an indefinite  period of time since the shares so acquired cannot
be sold  unless  they are  subsequently  registered  or an  exemption  from such
registration  is available.  Optionee  agrees that a legend may be placed on the
stock certificates  acknowledging the restrictions on subsequent distribution of
the shares issued upon exercise of this Option.  By exercising  the Option,  the
Optionee  acknowledges  that he has received all financial and other information
concerning  the Company he deems  necessary or has requested.  In addition,  the
Optionee  agrees to furnish the Company with a certificate  to the effect of the
foregoing upon exercise of the Option.


10.

    Miscellaneous. This Agreement shall be binding upon and inure to the benefit
    of  the   parties   hereto  and  their   heirs,   successors,   assigns  and
    representatives and shall be governed by the laws of the State of Ohio.


<PAGE>


         IN WITNESS WHEREOF, this Agreement has been duly executed as of the day
and year first written above.


                                AMCAST INDUSTRIAL CORPORATION

                                By:    /s/ Douglas D. Watts
                                         Douglas D. Watts
                                         V.P. Finance


(CORPORATE SEAL)


Attest:


    /s/ Denis G. Daly
Secretary