SECURITIES AND EXCHANGE COMMISSION


                             Washington, D.C. 20549





                                    FORM 10-Q


  (X)           QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
--------
                         SECURITIES EXCHANGE ACT OF 1934



For the quarter ended March 4, 2001              Commission File Number 1-9967



              A M C A S T I N D U S T R I A L C O R P O R A T I O N
             (Exact name of registrant as specified in its charter)



              Ohio                                            31-0258080
---------------------------------                          -----------------
    (State of Incorporation)                               (I.R.S. Employer
                                                          Identification No.)

7887 Washington Village Drive, Dayton, Ohio                           45459
-------------------------------------------------------------       ----------
(Address of principal executive offices)                            (Zip Code)



                                 (937) 291-7000
         ---------------------------------------------------------------
              (Registrant's telephone number, including area code)

--------------------------------------------------------------------------------
              (Former name, former address and former fiscal year,
                          if changed since last report)




Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by  Section  13 and  15(d) of the  Securities  Exchange  Act of 1934
during the  preceding  twelve  months,  and (2) has been  subject to such filing
requirements for the past 90 days.

     Yes          X                                       No
                -----                                            ----

Number  of  Common  Shares  outstanding,  no par  value,  as of March 4,  2001 -
8,416,484 shares.


<PAGE>

                         AMCAST INDUSTRIAL CORPORATION
                               REPORT ON FORM 10-Q
                       FOR THE QUARTER ENDED MARCH 4, 2001

                                    I N D E X




PART I - FINANCIAL INFORMATION                                           PAGE

      Item 1  -  Financial Statements:

                 Consolidated Condensed Statements of Financial
                 Condition - March 4, 2001 and August 31, 2000               3

                 Consolidated Condensed Statements of Income -
                 for the Quarter and Six Months Ended March 4, 2001
                 and February 27, 2000.                                      4

                 Consolidated Condensed Statements of Retained Earnings -
                 for the Quarter and Six Months Ended March 4, 2001
                 and February 27, 2000.                                      4

                 Consolidated Condensed Statements of Cash Flows -
                 for the Six Months Ended March 4, 2001
                 and February 27, 2000.                                      5

                 Notes to Consolidated Condensed Financial Statements     6-13

      Item 2  -  Management's Discussion and Analysis of Financial
                 Condition and Results of Operations                     14-19

      Item 3  - Quantitative and Qualitative Disclosures about Market Risk  20

PART II - OTHER INFORMATION

      Item 4 - Submission of Matters to a Vote of Security Holders          20

      Item 5 - Other Information                                            21

      Item 6 - Exhibits and Reports on Form 8-K                             21

SIGNATURES                                                                  22

<PAGE>
PART I - FINANCIAL INFORMATION

<TABLE>
<CAPTION>
                         AMCAST INDUSTRIAL CORPORATION
            CONSOLIDATED CONDENSED STATEMENTS OF FINANCIAL CONDITION
                                ($ in thousands)
                                   (unaudited)

<S>                                                     <C>           <C>
                                                          March 4     August 31
                                                           2001          2000
                                                        -----------   ---------

ASSETS

Current Assets

    Cash and cash equivalents                             $   7,955   $   3,062
    Accounts receivable                                      79,280      85,041
    Inventories                                              90,626      77,512
    Other current assets                                     20,243      16,304
                                                        -----------   ---------

       Total Current Assets                                 198,104     181,919

Property, Plant, and Equipment                              411,779     396,040
    Less accumulated depreciation                          (183,522)   (169,183)
                                                        -----------   ---------

                                                            228,257     226,857

Goodwill                                                     49,032      49,707
Other Assets                                                 22,866      21,903
                                                        -----------   ---------

                                                          $ 498,259   $ 480,386
                                                        ===========   =========

LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities

    Short-term debt                                       $  12,586   $   1,584
    Current portion of long-term debt                       174,106       3,044
    Accounts payable                                         76,595      84,285
    Accrued expenses                                         35,415      38,013
                                                        -----------   ---------
       Total Current Liabilities                            298,702     126,926

Long-Term Debt - less current portion                         2,457     147,273
Deferred Income Taxes                                        31,428      31,275
Deferred Liabilities                                         20,724      18,958

Shareholders' Equity
    Preferred shares, without par value:
       Authorized - 1,000,000 shares; Issued - None              -            -
    Common shares, at stated value
       Authorized - 15,000,000 shares
       Issued - 9,227,600 shares                              9,228       9,228
    Capital in excess of stated value                        70,981      70,981
    Accumulated other comprehensive income (losses)          (4,004)     (1,900)
    Retained earnings                                        78,258      87,287
    Cost of 811,116 and 821,996
       common shares in treasury                             (9,515)     (9,642)
                                                        -----------   ---------
                                                            144,948     155,954
                                                        -----------   ---------
                                                          $ 498,259   $ 480,386
                                                        ===========   =========

</TABLE>
See notes to consolidated financial statements
<PAGE>
<TABLE>
<CAPTION>
                          AMCAST INDUSTRIAL CORPORATION
                   CONSOLIDATED CONDENSED STATEMENTS OF INCOME
                              AND RETAINED EARNINGS
                    ($ in thousands except per share amounts)
                                   (unaudited)

<S>                                              <C>                           <C>
                                                     Three Months Ended            Six Months Ended
                                                 --------------------------    -------------------------
                                                   March 4      February 27       March 4    February 27
                                                    2001            2000           2001         2000
                                                 -----------    -----------    -----------   -----------

Consolidated Condensed Statements of Income

Net sales                                          $ 122,966      $ 150,009      $ 260,910     $ 296,088
Cost of sales                                        112,998        131,378        234,654       259,146
                                                 -----------    -----------    -----------   -----------

    Gross Profit                                       9,968         18,631         26,256        36,942
Selling, general and administrative expenses          15,848         15,006         28,045        28,609
                                                 -----------    -----------    -----------   -----------

    Operating Income (Loss)                           (5,880)         3,625         (1,789)        8,333
Equity in (income) loss of joint venture
   and other (income) and expense                        855           (389)         1,610          (637)
Interest expense                                       3,321          3,547          6,520         6,370
                                                 -----------    -----------    -----------   -----------

    Income (Loss) before Income Taxes and
    Cumulative Effect of Accounting Change           (10,056)           467         (9,919)        2,600
Income taxes                                          (3,319)           183         (3,264)        1,021
                                                 -----------    -----------    -----------   -----------
    Income (Loss) before Cumulative Effect
    of Accounting Change                              (6,737)           284         (6,655)        1,579
Cumulative effect of accounting change, net of tax         -              -              -           983
                                                 -----------    -----------    -----------   -----------
    Net Income (Loss)                              $  (6,737)      $    284      $  (6,655)   $    2,562
                                                 ===========    ===========    ===========   ===========


Consolidated Condensed Statements of Retained Earnings

Beginning retained earnings                        $  86,192      $  88,815      $  87,287    $   87,796
Net income (loss)                                     (6,737)           284         (6,655)        2,562
Dividends                                             (1,178)        (1,244)        (2,355)       (2,498)
Stock awards                                             (19)             -            (19)           (5)
                                                 -----------    -----------    -----------   -----------

Ending Retained Earnings                           $  78,258      $  87,855      $  78,258    $   87,855
                                                 ===========    ===========    ===========   ===========


Basic earnings per share
Income before cumulative effect of
   accounting adjustment                          $   (0.80)      $    0.03      $   (0.79)    $    0.18
Cumulative effect of accounting adjustment                -               -              -          0.10
                                                 -----------    -----------    -----------   -----------
Net income (loss)                                 $   (0.80)      $    0.03      $   (0.79)    $    0.28
                                                 ===========    ===========    ===========   ===========

Diluted earnings per share
Income before cumulative effect of
   accounting adjustment                         $    (0.80)      $    0.03      $   (0.79)    $    0.18
Cumulative effect of accounting adjustment                -               -              -          0.10
                                                 -----------    -----------    -----------   -----------
Net income (loss)                                $    (0.80)      $    0.03      $   (0.79)    $    0.28
                                                 ===========    ===========    ===========   ===========


Dividends declared per share                       $    0.14      $    0.14      $    0.14    $     0.28
                                                 ===========    ===========    ===========   ===========

Dividends paid per share                           $    0.14      $    0.14      $    0.14    $     0.28
                                                 ===========    ===========    ===========   ===========

</TABLE>
See notes to consolidated financial statements.

<PAGE>
<TABLE>
<CAPTION>
                          AMCAST INDUSTRIAL CORPORATION
                 CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
                                ($ in thousands)
                                   (unaudited)

<S>                                                  <C>            <C>

                                                           Six Months Ended
                                                     ---------------------------

                                                       March 4      February 27
                                                        2001           2000
                                                     -----------    -----------


Operating Activities

        Net income (loss)                               $ (6,655)       $ 2,562
        Depreciation and amortization                     16,551         16,265
        Non-cash charges                                   1,928
        Cumulative effect of accounting change                             (983)
        Deferred liabilities                              (1,481)          (823)

        Changes in assets and liabilities:
             Accounts receivable                           8,828        (24,056)
             Inventories                                 (12,479)        (6,710)
             Other current assets                         (6,826)           557
             Accounts payable                             (8,150)        (7,826)
             Accrued liabilities                          (3,298)        (1,720)
             Other                                         1,873           (387)
                                                     -----------    -----------

Net Cash Used by Operations                              (9,709)        (23,121)

Investing Activities

        Additions to property, plant, and equipment      (12,863)        (9,392)
        Advance to joint venture                          (2,616)
        Other                                                  6           (130)
                                                     -----------    -----------

Net Cash Used by Investing Activities                    (15,473)        (9,522)

Financing Activities

        Additions to long-term debt                      107,752         33,885
        Reduction in long-term debt                      (74,520)        (8,548)
        Short-term borrowings                               (630)        10,070
        Proceeds from sale leaseback                                      2,877
        Dividends                                         (2,355)        (2,498)
        Purchase of treasury shares                                      (1,255)
        Other                                                               198
                                                     -----------    -----------

Net Cash Provided by Financing Ativities                  30,247         34,729

Effect of exchange rate changes on cash                     (172)          (174)
                                                     -----------    -----------

Net change in cash and cash equivalents                    4,893          1,912

Cash and cash equivalents at beginning of period           3,062          6,928
                                                     -----------    -----------


        Cash and Cash Equivalents at End of Period      $  7,955       $  8,840
                                                     ===========    ===========

</TABLE>
See notes to consolidated financial statements
<PAGE>


                          AMCAST INDUSTRIAL CORPORATION
              NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
                   ($ in thousands, except per share amounts)
                                   (unaudited)


Preparation of Financial Statements

The  accompanying   consolidated  condensed  financial  statements  include  the
accounts  of  Amcast  Industrial   Corporation  and  its  domestic  and  foreign
subsidiaries  (the Company).  Intercompany  accounts and transactions  have been
eliminated.  The Company's  investment in Casting  Technology  Company  (CTC), a
joint venture,  is included in the accompanying  financial  statements using the
equity method of accounting. The consolidated condensed financial statements are
unaudited  and  have  been  prepared  in  accordance  with  generally   accepted
accounting   principles  for  interim   financial   information   and  with  the
instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do
not include all of the  information  and footnotes  required for complete annual
financial  statements  and  should  be read in  conjunction  with the  Company's
audited  consolidated  financial  statements  and  footnotes  for the year ended
August 31, 2000  included in the  Company's  Annual  Report on Form 10-K. In the
opinion of management,  all adjustments,  consisting of only normally  recurring
accruals, necessary for a fair presentation have been included.


Investment in Unconsolidated Affiliate

Summarized financial  information for the Company's investment in CTC, accounted
for by the equity method, is as follows:

<TABLE>
<CAPTION>
<S>                                 <C>                   <C>
                                        March 4             August 31
                                          2001                 2000
                                    -----------------     ---------------
Current assets                              $ 11,483            $ 11,651
Noncurrent assets                             37,896              39,145
Current liabilities                           36,673              28,626
Noncurrent liabilities                             -              10,060

<S>                                 <C>                   <C>                 <C>                <C>

                                             Three Months Ended                       Six Months Ended
                                    -------------------------------------     ---------------------------------
                                        March 4            February 27           March 4          February 27
                                          2001                 2000                2001              2000
                                    -----------------     ---------------     ---------------    --------------
Net sales                                    $ 9,295            $ 12,269            $ 18,072           $25,647
Gross profit (loss)                             (249)              1,560                (470)            2,947
Net income (loss)                             (1,365)                137              (2,599)              684

</TABLE>


<PAGE>


                         AMCAST INDUSTRIAL CORPORATION
              NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
                   ($ in thousands, except per share amounts)
                                   (unaudited)
Accounting Change

During 2000,  as a result of a new  enterprise  resource  planning  (ERP) system
implementation,  the Company began  capitalizing  the cost of supplies and spare
parts inventories,  whereas previously the cost of these manufacturing  supplies
was expensed when  purchased.  Management  believes this change is preferable in
that it provides for a more appropriate  matching of revenues and expenses.  The
total amount of inventory  capitalized and reported as a cumulative  effect of a
change in accounting  principle,  retroactive to September 1, 1999, was $983 net
of taxes of $602.

Accounting Standards Adopted

Effective  September  1,  2000,  the  Company  adopted  Statement  of  Financial
Accounting Standards (SFAS) No. 133, "Accounting for Derivative  Instruments and
Hedging  Activities,"  as amended by SFAS Nos. 137 and 138, which  establishes a
comprehensive  standard for the  recognition  and measurement of derivatives and
hedging activities. The new standard requires that all derivatives be recognized
as assets or liabilities in the statement of financial  position and be measured
at fair value. Gains or losses resulting from changes in fair value are required
to be recognized in current  earnings  unless  specific  hedge criteria are met.
Special  accounting  allows  for gains or losses on  qualifying  derivatives  to
offset  gains or losses  on the  hedged  item in the  statement  of  income  and
requires formal  documentation of the effectiveness of transactions that receive
hedge  accounting.  The adoption of this standard did not have a material effect
on the Company's consolidated results of operations, financial position, or cash
flows.

Comprehensive Income

Comprehensive  income  (losses)  includes  all changes in  shareholders'  equity
during a period except those resulting from investments by and  distributions to
shareholders. The components of comprehensive income (losses) are:

<TABLE>
<CAPTION>
<S>                  <C>           <C>             <C>            <C>
                         Three Months Ended             Six Months Ended
                     ------------------------      --------------------------
                        March 4    February 27         March 4    February 27
                         2001         2000              2001          2000
                      -----------  -----------      -----------    -----------

Net income (loss)      $  (6,737)   $     284        $  (6,655)     $   2,562
Foreign currency
  translation
  adjustments              1,065       (4,268)          (2,110)        (1,945)

                       ----------  -----------      -----------    -----------
                       $  (5,672)  $   (3,984)       $  (8,765)     $     617
                       ==========  ===========      ===========    ===========
</TABLE>




<PAGE>

                         AMCAST INDUSTRIAL CORPORATION
              NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
                   ($ in thousands, except per share amounts)
                                   (unaudited)

Inventories

The major components of inventories are:

<TABLE>
<CAPTION>
<S>                                       <C>                 <C>
                                            March 4           August 31
                                             2001               2000
                                          -----------         ---------

Finished products                            $ 50,795          $ 40,013
Work in process                                23,712            23,932
Raw materials and supplies                     21,213            18,661
                                          -----------         ---------
                                               95,720            82,606
Less amount to reduce certain
      inventories to LIFO value                 5,094             5,094
                                          -----------         ---------

                                             $ 90,626          $ 77,512
                                          ===========         =========

</TABLE>








<PAGE>

                         AMCAST INDUSTRIAL CORPORATION
              NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
                   ($ in thousands, except per share amounts)
                                   (unaudited)

Long-Term Debt

The following table summarizes the Company's long-term borrowings:

<TABLE>
<CAPTION>
<S>                                           <C>              <C>
                                                March 4         August 31
                                                 2001              2000
                                              -----------      -----------

Senior notes                                    $ 50,000        $ 50,000
Revolving credit notes                           116,363          77,510
Lines of credit                                    5,100          16,200
Other debt                                         2,985           3,388
Capital leases                                     2,115           3,219
                                              -----------      -----------
                                                 176,563         150,317
Less current portion                             174,106           3,044
                                              -----------      -----------
                                                $  2,457        $147,273
                                              ===========      ===========

</TABLE>


The Company maintains a credit agreement (the Agreement) that provides for up to
$150,000 in borrowings  through August 2002.  Debt covenants under the Agreement
require the Company to maintain certain  debt-to-earnings  and interest coverage
ratios. Due to operating losses incurred during the second quarter,  at March 4,
2001, the Company was not in compliance with the  debt-to-earnings  and interest
coverage ratios under the Agreement.  This has resulted in a covenant  violation
in the Company's Private  Placement  Agreement (the Senior Notes)and the Casting
Technology  Credit  Agreement  (the CTC  Agreement)  of which  the  Company  has
guaranteed $14,832. The Company can no longer borrow under the Agreement and the
lenders now have a security interest in the assets of the U.S.  subsidiaries and
certain stock of the foreign  subsidiaries.  The Company has received a proposal
from its lenders to provide  additional  borrowings under a temporary  financing
arrangement that will include a waiver of the covenant  violations;  however,  a
waiver  has not been  obtained  as of April 18,  2001.  As a  result,  the total
outstanding  debt due under the  Agreement and the Senior Notes in the amount of
$171,463 has been classified as a current liability in the balance sheet.

The  Company  is  presently  negotiating  the terms of an  agreement  to provide
temporary  financing (the Facility)  through April 15, 2002. Among other things,
the  Facility  will  require  the  Company  to grant a first  priority  security
interest in the Company's U.S.  assets  including,  all real property,  accounts
receivable,  inventory,  machinery and equipment.  Interest rates for borrowings
under the Facility are  anticipated  to be prime plus 4% and interest  rates for
borrowings  under the  Agreement  and Senior  Notes are  expected to increase to
prime  plus 2%.  The  Company  estimates  that the  associated  fees  related to
obtaining the Facility will be between  $2,000 and $3,000.  The Company  expects
that the Facility will contain an appropriate waiver of the covenant  violations
in the Agreement which will result in a resolution of the covenant violations in
the  Senior  Notes  and  the  CTC  Agreement.  Based  on  current  negotiations,
management  believes  that it will be able to obtain the  Facility  and  related
waiver.

The Company has  retained  an  investment-banking  firm to assist the Company in
obtaining alternative  long-term financing.  Although there can be no assurances
that the Company will be successful,  based on the Company's future outlook, its
existing  assets,  and the  Company's  ability to obtain  financing in the past,
management  believes  that  alternative  long-term  financing is  available  and
intends to have an agreement in place prior to April 15, 2002. If such financing
is not available, the Company may need to reevaluate its operating plans. If the
Company had been successful in negotiating alternative long-term financing as of
March 4, 2001, the current portion of long-term debt would have been $2,643.

<PAGE>



                         AMCAST INDUSTRIAL CORPORATION
              NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
                   ($ in thousands, except per share amounts)
                                   (unaudited)

Earnings Per Share

The following table reflects the calculations for basic and diluted earnings per
share for the three- and six-month  periods ended March 4, 2001 and February 27,
2000, respectively.
<TABLE>
<CAPTION>
<S>                         <C>           <C>           <C>          <C>

                                Three Months Ended          Six Months Ended
                            -------------------------   ------------------------
                               March 4    February 27     March 4    February 27
                                2001        2000           2001         2000
                             -----------  -----------   -----------  -----------


Income (loss) before
cumulative effect of
accounting change             $  (6,737)   $     284     $  (6,655)    $  1,579
                             ===========  ===========   ===========   ==========

Net income (loss)             $  (6,737)   $     284     $  (6,655)    $  2,562
                             ===========  ===========   ===========  ===========

Basic Earnings per Share:
Basic shares                      8,413        8,949         8,409        8,952
                             ===========  ===========   ===========  ===========

Income (loss) before
cumulative effect of
accounting change             $   (0.80)   $    0.03     $   (0.79)    $   0.18
                             ===========  ===========   ===========  ===========

Net income (loss)             $   (0.80)   $    0.03     $   (0.79)    $   0.28
                             ===========  ===========   ===========  ===========


Diluted Earnings per Share:
Basic shares                      8,413        8,949          8,409       8,952
Stock options                         4            7              5           7
                             -----------  -----------   -----------  -----------
Diluted shares                    8,417        8,956          8,414       8,959
                             ===========  ===========   ===========  ===========

Income (loss) before
cumulative effect of
accounting change             $   (0.80)   $    0.03     $   (0.79)    $   0.18
                             ===========  ===========   ===========  ===========

Net income (loss)             $   (0.80)   $    0.03     $   (0.79)    $   0.28
                             ===========  ===========   ===========  ===========
</TABLE>
For each of the periods presented, there were outstanding stock options excluded
from the  computation  of diluted  earnings  per share  because the options were
antidilutive.

<PAGE>



                         AMCAST INDUSTRIAL CORPORATION
              NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
                   ($ in thousands, except per share amounts)
                                   (unaudited)

Business Segments

Operating  segments are organized  internally  primarily by the type of products
produced  and  markets  served.  The Company has  aggregated  similar  operating
segments into two  reportable  segments:  Flow Control  Products and  Engineered
Components.  The Company evaluates segment  performance and allocates  resources
based on  several  factors,  of which  net sales and  operating  income  are the
primary financial  measures.  At March 4, 2001 there were no significant changes
in  identifiable  assets of reportable  segments  from the amounts  disclosed at
August 31, 2000,  nor were there any changes in the reportable  segments,  or in
the measurement of segment operating results.

Operating  information  related  to  the  Company's  reportable  segments  is as
follows:
<TABLE>
<CAPTION>

                                  Net Sales             Operating Income (Loss)
                           -------------------------- --------------------------
                           For the Three Months Ended For the Three Months Ended
                           -------------------------- --------------------------
<S>                        <C>           <C>           <C>          <C>
                             March 4     February 27     March 4    February 27
                              2001           2000         2001          2000
                           -----------   -----------   -----------  -----------
Flow Control Products       $  33,178     $  36,115     $   2,897      $ 4,766
Engineered Components          89,788       113,894        (4,019)       1,548
Corporate                           -             -        (4,758)      (2,689)
                           -----------   -----------   -----------  -----------
                              122,966       150,009        (5,880)       3,625
Equity in joint venture
  and other (income) expense        -             -           855         (389)
Interest expense                    -             -         3,321        3,547
                           -----------   -----------   -----------  -----------
Total net sales and income
  (loss) before taxes       $ 122,966     $ 150,009     $ (10,056)     $   467
                           ===========   ===========   ===========  ===========


                                  Net Sales             Operating Income (Loss)
                           -------------------------- --------------------------
                            For the Six Months Ended   For the Six Months Ended
                           -------------------------- --------------------------
<S>                        <C>           <C>           <C>          <C>
                             March 4     February 27     March 4    February 27
                              2001           2000         2001          2000
                           -----------   -----------   -----------  -----------
Flow Control Products        $ 66,137      $ 71,484      $  7,382     $ 10,780
Engineered Components         194,773       224,604        (2,755)       2,182
Corporate                           -             -        (6,416)      (4,629)
                           -----------   -----------   -----------  -----------
                              260,910       296,088        (1,789)       8,333
Equity in joint venture
  and other (income) expense        -             -         1,610         (637)
Interest expense                    -             -         6,520        6,370
                           -----------   -----------   -----------  -----------
Total net sales and income
  (loss) before taxes       $ 260,910     $ 296,088     $  (9,919)     $ 2,600
                           ===========   ===========   ===========  ===========



</TABLE>

<PAGE>


                         AMCAST INDUSTRIAL CORPORATION
              NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
                   ($ in thousands, except per share amounts)
                                   (unaudited)

Commitments and Contingencies

At March 4, 2001, the Company has committed to capital  expenditures of $12,713,
primarily for the Engineered Components segment.

The Company, as is normal for the industry in which it operates,  is involved in
certain legal proceedings and subject to certain claims and site  investigations
which  arise  under  the  environmental  laws and  which  have not been  finally
adjudicated.

The Company has been  identified as a potentially  responsible  party by various
state agencies and by the United States  Environmental  Protection  Agency (U.S.
EPA) under the Comprehensive  Environmental  Response Compensation and Liability
Act of 1980,  as amended,  for costs  associated  with U.S. EPA led  multi-party
sites and state  environmental  agency-led  remediation  sites.  The majority of
these claims involve  third-party owned disposal sites for which compensation is
sought  from the  Company as an alleged  waste  generator  for  recovery of past
governmental  costs or for  future  investigation  or  remedial  actions  at the
multi-party  sites.  There  are four  Company-owned  properties  where  state or
federal-supervised  cleanups are  expected.  The  designation  as a  potentially
responsible  party and the assertion of such claims against the Company are made
without taking into  consideration the extent of the Company's  involvement with
the  particular  site. In each  instance,  claims have been  asserted  against a
number of other  entities for the same  recovery or other relief as was asserted
against the Company.  These claims are in various  stages of  administrative  or
judicial  proceeding.  The Company has no reason to believe that it will have to
pay a significantly disproportionate share of clean-up costs associated with any
site. To the extent  possible,  with the information  available at the time, the
Company has evaluated its  responsibility  for costs and related  liability with
respect to the above sites. In making such evaluation,  the Company did not take
into consideration any possible cost reimbursement  claims against its insurance
carriers. The Company is of the opinion that its liability with respect to those
sites should not have a material  adverse  effect on its  financial  position or
results of operations.  In arriving at this  conclusion,  the principal  factors
considered by the Company were ongoing  settlement  discussions  with respect to
certain of the sites, the volume and relative  toxicity of waste alleged to have
been disposed of by the Company at certain  sites,  which factors are often used
to allocate  investigative  and  remedial  costs among  potentially  responsible
parties, the probable costs to be paid by other potentially responsible parties,
total projected  remedial costs for a site, if known, and the Company's existing
reserve to cover costs associated with unresolved environmental proceedings.  At
March 4, 2001, the Company's accrued undiscounted reserve for such contingencies
was $2,170.

Based upon the  contracts  and  agreements  with  regards  to two  environmental
matters,  the Company believes it is entitled to indemnity for remediation costs
at two  sites  and  believes  it is  probable  that the  Company  can  recover a
substantial  portion  of  the  costs.  Accordingly,  the  Company  has  recorded
receivables  of $1,115 at March 4, 2001 related to anticipated  recoveries  from
third parties.

<PAGE>



                         AMCAST INDUSTRIAL CORPORATION
              NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
                   ($ in thousands, except per share amounts)
                                   (unaudited)

Allied-Signal Inc. (now Honeywell) brought an action against the Company seeking
a contribution  from the Company equal to 50% of Honeywell's  estimated  $30,000
remediation  cost  in  connection  with a site in  southern  Ohio.  The  Company
believes its responsibility with respect to this site is very limited due to the
nature of the  foundry  sand  waste it  disposed  of at the site.  The court has
rendered its decision on this case; however, the exact amount of the verdict has
not yet been determined by the court. The amount will be significantly less than
the amount  sought by the  plaintiff  and the Company  estimates  its  liability
associated with the action to be between $500 and $1,500.  The Company  believes
its liability is at the low end of this range.

Increasingly,  major  automotive  industry  companies  are  withholding  partial
payment  for goods  received.  Often,  this is a  negotiating  tactic  for costs
incurred by the customer in which the customer believes that the supplier should
participate.  Generally,  payment is received, however, only after a significant
time  period has  passed.  At March 4, 2001,  the Company has $2,037 and CTC has
$1,926 of accounts receivable being withheld pending final resolution of various
issues. The Company or CTC have not recorded a reserve against such receivables.
The amount of any needed reserve cannot be determined at this time.


<PAGE>


                         AMCAST INDUSTRIAL CORPORATION
                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                       CONDITION AND RESULTS OF OPERATIONS
                    ($ in millions, except per share amounts)


Cautionary Statements Under the Private Securities Reform Act of 1995

Certain  statements in this Report,  in the Company's press releases and in oral
statements  made by or with the approval of an authorized  executive  officer of
the  Company  constitute  "forward-looking  statements"  as that term is defined
under the Private  Securities  Litigation  Reform Act of 1995. These may include
statements  projecting,   forecasting  or  estimating  Company  performance  and
industry trends.  The achievement of the projections,  forecasts or estimates is
subject to certain risks and uncertainties. Actual results and events may differ
materially  from those  projected,  forecasted or  estimated.  Factors which may
cause  actual  results  to differ  materially  from  those  contemplated  by the
forward-looking  statement,  include,  among others: general economic conditions
less  favorable than expected,  fluctuating  demand in the automotive  industry,
less favorable than expected growth in sales and profit margins in the Company's
product  lines,  increased  competitive  pressures in the  Company's  Engineered
Components  and Flow Control  Products  segments,  effectiveness  of  production
improvement plans, cost of raw materials,  inherent  uncertainties in connection
with  international  operations  and  foreign  currency  fluctuations  and labor
relations  at the  Company  and its  customers.  The  following  discussion  and
analysis  provides  information  which  management  believes  is  relevant to an
understanding of the Company's  consolidated results of operations and financial
condition.  This discussion  should be read in conjunction with the accompanying
consolidated condensed financial statements and notes thereto.

Results of Operations

Consolidated  net sales  decreased  by 18.0% to  $123.0  million  in the  second
quarter of fiscal 2001  compared  with $150.0  million in the second  quarter of
fiscal  2000.  The  following  table  shows the  components  of the  decrease in
consolidated net sales:
<TABLE>
     <S>                                            <C>


     Volume                                         (10.8%)
     Price and product mix                           (3.5%)
     Foreign currency exchange rates                 (3.7%)
                                                  ------------
                                                    (18.0%)
                                                  ============
</TABLE>


Declining automotive  production in North America, auto manufacturers' new model
launch delays in Europe, and competitive market pricing had a negative impact on
the Company's financial results.  In the second quarter,  the Company faced weak
market demand in the automotive  industry and slowness in  construction  markets
that  combined  to depress  sales  volume.  Unfavorable  pricing and product mix
primarily  reflects  the  continuation  of  competitive  market  pricing  issues
encountered  by the Flow Control  business.  A weaker Italian lira also caused a
decrease in sales. By segment,  Engineered  Components  sales decreased by 21.2%
compared  with the second  quarter of fiscal 2000,  while Flow Control  Products
sales decreased by 8.0%.

<PAGE>



                         AMCAST INDUSTRIAL CORPORATION
                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                       CONDITION AND RESULTS OF OPERATIONS
                    ($ in millions, except per share amounts)

For the first half of fiscal 2001,  consolidated net sales decreased by 11.9% to
$260.9  million  compared with $296.1  million in the first half of fiscal 2000.
The following  table shows the  components of the decrease in  consolidated  net
sales.

<TABLE>
     <S>                                             <C>


     Volume                                          (7.5%)
     Price and product mix                            0.1%
     Foreign currency exchange rates                 (4.5%)
                                                  ------------
                                                    (11.9%)
                                                  ============
</TABLE>


While demand for the  Company's  copper  plumbing  fittings  and North  American
automotive  products  remained  near  prior-year  levels in the first quarter of
fiscal  2001,   declining   automotive   production  in  North   America,   auto
manufacturer's new model launch delays in Europe, and competitive market pricing
in the second quarter had a negative impact on the Company's  financial  results
for the first half of fiscal 2001. In the second quarter, the Company faced weak
market demand in the automotive  industry and slowness in  construction  markets
that combined to depress  sales.  The  unfavorable  pricing  encountered  in the
second quarter by the Flow Control Products segment negated the favorable impact
in the first  quarter  from a better  product mix,  primarily  at the  Company's
European  operations,  and higher aluminum costs reflected in the sales price of
automotive   products.   A  weaker  Italian  lira  also  caused  a  decrease  in
year-to-date sales. By segment,  Engineered  Components sales decreased by 13.3%
compared with the first half of fiscal 2000,  while Flow Control  Products sales
decreased by 7.5%.

Gross profit for the second  quarter of fiscal 2001  decreased by 46.5% to $10.0
million,  while gross  profit for the first half of fiscal 2001 fell by 28.9% to
$26.3  million.  As a percentage of sales,  gross profit was 8.1% for the second
quarter  and 10.1% for the first  half of fiscal  2001  compared  with 12.9% and
12.8%  for the same  periods  of 2000.  In the Flow  Control  Products  segment,
pricing  issues were the primary  reason for the  decrease in gross profit while
significantly  lower sales volume and a weaker  Italian lira led to the decrease
in gross profit in the Engineered Components segment. Gross profit of businesses
in both segments also suffered from increased energy surcharges.

Selling,  general and  administrative  (SG&A) expense  increased,  both in total
dollars and as a percentage of sales, in the second quarter of fiscal 2001. As a
percentage of sales,  SG&A expense was 12.9% and 10.0% in the second  quarter of
fiscal 2001 and fiscal 2000, respectively. Unusually high expenditures for legal
and other  professional  fees were recorded in the second quarter in conjunction
with the  Company's  recently  concluded  review of strategic  alternatives.  In
addition,  the Company  recorded  non-cash  charges of $1.9  million for certain
expenses related to the recently  announced  management  change, to increase the
reserve for medical  benefits  and workers  compensation  related to  previously
closed facilities, and to increase environmental reserves. This increase in SG&A
expense  was partly  offset by reduced  salary and  benefit  costs which was the
result of a salaried  workforce  reduction  implemented  in the  second  half of
fiscal 2000. There was also a favorable SG&A impact due to a net pension benefit
and lower goodwill amortization from the Speedline acquisition.

<PAGE>

                         AMCAST INDUSTRIAL CORPORATION
                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                       CONDITION AND RESULTS OF OPERATIONS
                    ($ in millions, except per share amounts)

The Company's pretax share of losses from Casting  Technology Company (CTC), the
Company's  joint venture with Izumi  Industries,  was $0.7 million in the second
quarter  of fiscal  2001,  compared  with  income of $0.3  million in the second
quarter of fiscal 2000.  The Company's  pretax share of losses from CTC was $1.6
million in the first half of fiscal 2001,  compared  with income of $0.4 million
for the same period of fiscal 2000. CTC's results had been severely  impacted by
a customer's extraordinarily high, temporary demand in the second half of fiscal
2000. CTC was pushed beyond capacity and incurred  higher costs  associated with
operating in excess of capacity to meet the customer's demand.  After the demand
and capacity issues subsided,  there were some carryover  effects in the form of
higher costs and  manufacturing  inefficiencies  in the first  quarter of fiscal
2001.  In the  second  quarter  of  fiscal  2001,  manufacturing  inefficiencies
produced operating losses.

Interest  expense was $3.3 million and $6.5  million for the second  quarter and
first half of fiscal 2001,  compared  with $3.5 million and $6.4 million for the
same periods of fiscal 2000.

The effective tax rate was 33.0% and 32.9% for the second quarter and first half
of fiscal 2001, respectively, compared with 39.3% for the same periods of fiscal
2000.  The effective tax rates for 2001 reflect an increase to the provision for
Italian taxes.

During 2000,  as a result of a new  enterprise  resource  planning  (ERP) system
implementation,  the Company began  capitalizing  the cost of supplies and spare
parts inventories,  whereas previously the cost of these manufacturing  supplies
was expensed when  purchased.  Management  believes this change is preferable in
that it provides for a more appropriate  matching of revenues and expenses.  The
total amount of inventory  capitalized and reported as a cumulative  effect of a
change in  accounting  principle,  retroactive  to September  1, 1999,  was $1.0
million net of taxes of $0.6 million.

Consolidated  financial  results  for the third  quarter of fiscal 2001 also are
expected  to show a loss,  but one of  lesser  magnitude.  The  U.S.  automotive
industry is  experiencing a major downturn in production that shows few signs of
abating soon. The Company has reduced the  automotive  workforce by 25% and will
be  aggressively  reducing  inventory  levels  over the next few  months.  These
actions  will  negatively  impact  operating  performance  in the second half of
fiscal 2001,  but will  strengthen  the Company's  balance sheet. A Company-wide
cost-reduction  program aims to significantly lessen spending rates and variable
costs for the balance of fiscal 2001.

Flow Control Products Net sales for the Flow Control Products segment were $33.2
million for the second  quarter of fiscal 2001,  compared with $36.1 million for
the same period of fiscal 2000.  Flow  Control  products,  primarily  copper and
brass  plumbing  items,  which  mainly  service  plumbing  wholesalers  and mass
merchandisers,  experienced strong  competitive market pricing.  Combined with a
slightly unfavorable product mix, these two factors reduced sales by 12.4%. This
decrease  was partly  offset by a 4.4%  increase  in sales from  higher  volume.
Operating income in the second quarter of fiscal 2001 was $2.9 million, compared
with  $4.8  million  for the same  period  of  fiscal  2000.  The  impact of the
competitive  market pricing issues previously  discussed  significantly  reduced
operating profit;  however,  the effect was partly offset by lower manufacturing
and administrative spending and improved plant efficiencies.


<PAGE>

                         AMCAST INDUSTRIAL CORPORATION
                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                       CONDITION AND RESULTS OF OPERATIONS
                    ($ in millions, except per share amounts)

Engineered Components Net sales for the Engineered Components segment were $89.8
million for the second  quarter of fiscal 2001 compared with $113.9  million for
the same  period  of  fiscal  2000.  Sales  decreased  by 15.6% due to a drop in
volume,  particularly  at the  Company's  North  American  operations  where the
Company is coping with a major  downturn in U.S.  automotive  production.  Sales
declined  slightly (0.7%) as a result of unfavorable  pricing and product mix. A
weaker  Italian lira in the second quarter of fiscal 2001 compared with the same
period in fiscal  2000  further  reduced  sales by 4.9%.  The weak  demand had a
severe  impact on this segment as operating  income  decreased to a loss of $4.0
million compared with income of $1.5 million in the second quarter of 2000.


Liquidity and Capital Resources

For the first half of fiscal  2001,  cash used for  operations  was $9.7 million
compared with $23.1 million used in the first half of fiscal 2000.  The non-cash
benefit of depreciation,  amortization, and other non-cash charges was more than
offset by the net loss in fiscal  2001 and a $20.1  million  increase in working
capital  requirements.  The working  capital  increase  primarily  reflects  the
combination  of an increase in inventory  levels and other current  assets and a
reduction  from the high level of open  accounts  payable  at August  31,  2000,
partly offset by a decrease in accounts receivable. The $1.5 million decrease in
deferred liabilities primarily represents cash payments plus non-cash changes in
deferred taxes.

Investing activities used cash of $15.5 million in the first half of fiscal 2001
compared  with $9.5  million  used in the first  half of  fiscal  2000.  Capital
spending of $12.9  million was higher than the $9.4  million  spent in the prior
year,  primarily  reflecting  spending to produce  future new products that have
been awarded. At March 4, 2001, the Company had $12.7 million of commitments for
additional  capital  expenditures,   primarily  for  the  Engineered  Components
segment.  During the second  quarter of fiscal 2001,  the Company also  advanced
$2.6 million to CTC.

Financing  activities provided $30.2 million in cash in the first half of fiscal
2001,  compared with $34.7 million in the first half of fiscal 2000.  Additional
financing included a net increase of $33.2 million of long-term borrowings under
the Company's  revolving credit  agreement.  Financing  activities also included
dividend payments of $2.4 million.  Due to financial losses, it is unlikely that
the Company  will be in a position to declare any future cash  dividends  for at
least the  remainder of fiscal 2001.  Total debt was 56.6 % of total  capital at
March 4,  2001,  compared  with  49.3% at August 31,  2000.

Speedline also has short-term lines of credit of approximately $25.9 million, of
which $13.3 million was available at January 31, 2001.  The Company  maintains a
credit  agreement  (the  Agreement)  that  provides  for up to $150  million  in
borrowings  through August 2002. Debt covenants under the Agreement  require the
Company to maintain certain  debt-to-earnings  and interest coverage ratios. Due
to operating  losses incurred  during the second quarter,  at March 4, 2001, the
Company was not in compliance with the  debt-to-earnings  and interest  coverage
ratios under the


<PAGE>

                         AMCAST INDUSTRIAL CORPORATION
                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                       CONDITION AND RESULTS OF OPERATIONS
                    ($ in millions, except per share amounts)

Agreement.  This has resulted in a covenant  violation in the Company's  Private
Placement  Agreement  (the  Senior  Notes)  and the  Casting  Technology  Credit
Agreement (the CTC Agreement) of which the Company has guaranteed $14.8 million.
The Company can no longer  borrow under the Agreement and the lenders now have a
security  interest in the assets of the U.S.  subsidiaries  and certain stock of
the foreign  subsidiaries.  The Company has received a proposal from its lenders
to provide additional  borrowings under a temporary  financing  arrangement that
will include a waiver of the covenant violations; however, a waiver has not been
obtained as of April 18, 2001. As a result, the total outstanding debt due under
the  Agreement  and the Senior  Notes in the amount of $171.5  million  has been
classified as a current liability in the balance sheet.

The  Company  is  presently  negotiating  the terms of an  agreement  to provide
temporary  financing (the Facility)  through April 15, 2002. Among other things,
the  Facility  will  require  the  Company  to grant a first  priority  security
interest in the Company's U.S. assets,  including,  all real property,  accounts
receivable,  inventory,  machinery and equipment.  Interest rates for borrowings
under the Facility are  anticipated  to be prime plus 4% and interest  rates for
borrowings  under the  Agreement  and Senior  Notes are  expected to increase to
prime  plus 2%.  The  Company  estimates  that the  associated  fees  related to
obtaining  the  Facility  will be between  $2.0 and $3.0  million.  The  Company
expects that the Facility  will  contain an  appropriate  waiver of the covenant
violations  in the  Senior  Notes  and  the  CTC  Agreement.  Based  on  current
negotiations,  management  believes  that it will be able to obtain the Facility
and related waiver.

The Company has  retained  an  investment-banking  firm to assist the Company in
obtaining alternative  long-term financing.  Although there can be no assurances
that the Company will be successful,  based on the Company's future outlook, its
existing  assets,  and the  Company's  ability to obtain  financing in the past,
management  believes  that  alternative  long-term  financing is  available  and
intends to have an agreement in place prior to April 15, 2002. If such financing
is not available, the Company may need to reevaluate its operating plans. If the
Company had been successful in negotiating alternative long-term financing as of
March 4, 2001, the current portion of debt would have been $2.6 million.

The Company  believes that with the effective  management of its working capital
resources, with the funds expected to be generated from operations, and with the
ability to obtain  temporary  financing,  the Company  will meet its  short-term
operating  needs.   However,  the  Company  must  obtain  alternative  long-term
financing to adequately fund its long-term  capital needs and pursue  attractive
growth prospects.


Contingencies

The Company, as is normal for the industry in which it operates,  is involved in
certain legal proceedings and subject to certain claims and site  investigations
that  arise  under  the  environmental  laws and  which  have  not been  finally
adjudicated. To the extent possible, with the information available, the Company
regularly   evaluates   its   responsibility   with  respect  to   environmental
proceedings.  The factors considered in this evaluation are more fully described
in  the  Commitments  and  Contingencies  note  to  the  consolidated  condensed
financial  statements.  At March 4, 2001,  the  Company's  accrued  undiscounted
reserve for environmental liabilities was $2.2 million.

<PAGE>
                         AMCAST INDUSTRIAL CORPORATION
                MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                       CONDITION AND RESULTS OF OPERATIONS
                    ($ in millions, except per share amounts)

Based upon the  contracts  and  agreements  with  regards  to two  environmental
matters,  the Company believes it is entitled to indemnity for remediation costs
at two  sites  and  believes  it is  probable  that the  Company  can  recover a
substantial  portion  of  the  costs.  Accordingly,  the  Company  has  recorded
receivables of $1.1 million at March 4, 2001 related to  anticipated  recoveries
from third parties. The Company is of the opinion that, in light of its existing
reserves, its liability in connection with environmental  proceedings should not
have a  material  adverse  effect  on its  financial  condition  or  results  of
operation.  The Company is presently  unaware of the  existence of any potential
material  environmental  costs that are likely to occur in  connection  with the
disposition of any of its property.

Increasingly,  major  automotive  industry  companies  are  withholding  partial
payment  for goods  received.  Often,  this is a  negotiating  tactic  for costs
incurred by the customer in which the customer believes that the supplier should
participate.  Generally,  payment is received, however, only after a significant
time period has passed.  At March 4, 2001, the Company has $ 2.0 million and CTC
has $1.9 million of accounts  receivable being withheld pending final resolution
of various issues.  The Company or CTC have not recorded a reserve against these
receivables. The amount of any needed reserve cannot be determined at this time.

Impact of Recently Issued Accounting Standards

Effective  September  1,  2000,  the  Company  adopted  Statement  of  Financial
Accounting Standards (SFAS) No. 133, "Accounting for Derivative  Instruments and
Hedging  Activities,"  as amended by SFAS Nos. 137 and 138, which  establishes a
comprehensive  standard for the  recognition  and measurement of derivatives and
hedging activities. The new standard requires that all derivatives be recognized
as assets or liabilities in the statement of financial  position and be measured
at fair value. Gains or losses resulting from changes in fair value are required
to be recognized in current  earnings  unless  specific  hedge criteria are met.
Special  accounting  allows  for gains or losses on  qualifying  derivatives  to
offset  gains or losses  on the  hedged  item in the  statement  of  income  and
requires formal  documentation of the effectiveness of transactions that receive
hedge  accounting.  The adoption of this standard did not have a material effect
on the Company's consolidated results of operations, financial position, or cash
flows.

<PAGE>


                          AMCAST INDUSTRIAL CORPORATION


Item 3 Quantitative and Qualitative Disclosures About Market Risk
-----------------------------------------------------------------

The Company is exposed to market risk from changes in foreign currency  exchange
rates and interest  rates as part of its normal  operations.  There have been no
material  changes in the  Company's  exposure to these items since the Company's
disclosure in Item 7A, Part II of Form 10-K for the year ended August 31, 2000.

PART II - OTHER INFORMATION

Item 4 - Submission of Matters to a Vote of Security Holders
------------------------------------------------------------

a) The annual meeting of shareholders of Amcast Industrial  Corporation was held
on December 20, 2000.

b) At the annual meeting,  shareholders  voted on and approved two proposals and
defeated  one  proposal.   Those  proposals  are  stated  below,  together  with
information concerning the votes cast.

1.  Election of three  directors to serve for a term of three  years.  Directors
elected were Peter H. Forster, Leo W. Ladehoff, and Bernard G. Rethore.
<TABLE>
<CAPTION>
     <S>                  <C>          <C>          <C>
                           Peter H.      Leo W.     Bernard G.
                           Forster      Ladehoff     Rethore
                          ---------    ---------    ----------
     Shares For           6,708,672    6,683,682     6,709,955
     Shares Withheld        908,264      933,254       906,981
                          ---------    ---------    ----------
     Total                7,616,936    7,616,936     7,616,936
</TABLE>


Directors  continuing in office until the 2001 annual meeting  include Walter E.
Blankley, William G. Roth, and Byron O. Pond, Jr. Directors continuing in office
until the 2002 annual meeting include James K. Baker and R. William Van Sant.


2. Ratification of the appointment of Ernst & Young LLP as independent  auditors
of the Company for the fiscal year ending August 31, 2001.
<TABLE>
     <S>                  <C>
     Shares For           7,500,157
     Shares Against          69,408
     Shares Abstain          47,371
                          ---------
     Total                7,616,936
</TABLE>

3.  Defeat of  shareholder  proposal to urge the Amcast  Industrial  Corporation
Board of  Directors to arrange for the prompt sale of the Company to the highest
bidder.
<TABLE>
     <S>                  <C>
     Shares For           1,444,673
     Shares Against       4,532,396
     Shares Abstain         117,607
                          ---------
     Total                6,094,676
</TABLE>
<PAGE>

                         AMCAST INDUSTRIAL CORPORATION

Item 5 - Other Information
--------------------------

On April 3, 2001, the Company accepted the resignation of Douglas D. Watts, Vice
President,  Finance. Francis J. Drew was named Vice President, Finance and Chief
Financial Officer.


Item 6 - Exhibits and Reports on Form 8-K
-----------------------------------------

a) Exhibits

10.1 Executive  Employment  Agreement between Amcast Industrial  Corporation and
Byron Pond, effective February 15, 2001.

10.2  Consulting  Agreement  between Amcast  Industrial  Corporation  and Leo W.
Ladehoff, effective February 15, 2001.



b) Reports on Form 8-K:

A Current  Report on Form 8-K with an event date of February  14, 2001 was filed
by the Company on February 15, 2001 to report the  resignation of John H. Shuey,
the Company's Chairman, President, and Chief Executive Officer. Leo W. Ladehoff,
who served as Chairman,  President, and CEO of the Company from 1978 to 1995 was
elected non-executive Chairman.  Byron O. Pond, Jr., retired Chairman and CEO of
Arvin Industries, was named President and CEO of the Company.


<PAGE>


                               S I G N A T U R E S



Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                                     AMCAST INDUSTRIAL CORPORATION
                                     -----------------------------
                                     (Registrant Company)




Date: April 18, 2001                 By: /S/ Byron O. Pond Jr.
      --------------                     --------------------------------
                                     Byron O. Pond Jr.
                                     President and Chief Executive Officer
                                     (Principal Executive Officer)


Date: April 18, 2001                 By: /S/ Francis J. Drew
      --------------                     ---------------------------------
                                     Francis J. Drew
                                     Vice President, Finance and Chief Financial
                                     Officer
                                     (Principal Financial Officer)


Date: April 18, 2001                 By: /S/ Mark D. Mishler
      --------------                     ---------------------------------
                                     Mark D. Mishler
                                     Corporate Controller
                                     (Principal Accounting Officer)