UNITED STATES
                   SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C. 20549

                              FORM 10-QSB
(Mark One)
[ X ]     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
          SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended      March 31, 2000
                                ----------------------

[   ]     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
          SECURITIES EXCHANGE ACT OF 1934

For the transition period from                 to
                              ----------------  ----------------
Commission File Number:                  0-25808
                        ----------------------------------------

                   GREAT AMERICAN BANCORP, INC.
                   ----------------------------

            Delaware                         52-1923366
----------------------------------------------------------------
State or other jurisdiction of          (I.R.S. Employer
Incorporation or organization)          Identification Number)

1311 S. Neil St., P.O. Box 1010, Champaign, IL   61824-1010
---------------------------------------------------------------
(Address of principal executive offices)          (Zip Code)

                         (217) 356-2265
---------------------------------------------------------------
      (Registrant's telephone number, including area code)

At April 30, 2000, the Registrant had 1,156,915 shares of Common Stock
outstanding, for ownership purposes, which excludes 895,835 shares held as
treasury stock.


                       Table of Contents


PART I -- FINANCIAL INFORMATION

     Item 1.        Financial Statements

                         Condensed Consolidated Balance Sheets

                         Condensed Consolidated Income Statements

                         Condensed Consolidated Statements of Cash Flows

                         Notes to Condensed Consolidated Financial Statements

     Item 2.        Management's Discussion and Analysis or
                    Plan of Operation

PART II -- OTHER INFORMATION

     Item 1.        Legal Proceedings

     Item 2.        Changes in Securities

     Item 3.        Defaults Upon Senior Securities

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

     Item 5.        Other Information

     Item 6.        Exhibits and Reports on Form 8-K

SIGNATURES


                 Great American Bancorp, Inc. and Subsidiary
                    Condensed Consolidated Balance Sheets
                 As of March 31, 2000 and December 31, 1999
                          (unaudited, in thousands)

                                           March 31, 2000      Dec. 31, 1999
-----------------------------------------------------------------------------
ASSETS
Cash and due from banks                     $       4,462      $       5,560
Interest-bearing demand deposits                    8,234              4,453
                                            --------------------------------
 Cash and cash equivalents                         12,696             10,013

Investment securities
 Available for sale                                 2,955              2,977
 Held to maturity                                   3,324              3,463
                                            --------------------------------
  Total investment securities                       6,279              6,440
Loans                                             129,311            128,431
 Allowance for loan losses                           (779)              (703)
                                            --------------------------------
  Net loans                                       128,532            127,728
Premises and equipment                              7,160              7,188
Federal Home Loan Bank stock                          767                767
Other assets                                        2,083              2,173
                                            --------------------------------
    Total assets                            $     157,517      $     154,309
                                            ================================
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
 Deposits
  Noninterest bearing                       $      10,770      $       8,565
  Interest bearing                                115,458            114,280
                                            --------------------------------
   Total deposits                                 126,228            122,845

 Federal Home Loan Bank Advances                    8,000              8,000
 Other liabilities                                  1,842              1,693
                                            --------------------------------
    Total liabilities                             136,070            132,538
                                            --------------------------------

Commitments and Contingent Liabilities

                                                                 (continued)


                 Great American Bancorp, Inc. and Subsidiary
              Condensed Consolidated Balance Sheets (Continued)
                 As of March 31, 2000 and December 31, 1999
                         (unaudited, in thousands)

                                           March 31, 2000      Dec. 31, 1999
-----------------------------------------------------------------------------
STOCKHOLDERS' EQUITY
Preferred stock, $0.01 par value
 Authorized and unissued --
  1,000,000 shares                                     --                 --
Common stock, $0.01 par value
 Authorized -- 7,000,000 shares
 Issued and outstanding -- 2,052,750 shares            21                 21
Additional paid-in-capital                         19,979             19,968
Retained earnings -- substantially restricted      16,675             16,521
Accumulated other comprehensive loss                  (26)               (13)
                                            --------------------------------
                                                   36,649             36,497
Less:
 Treasury stock, at cost - 875,835 and
   829,035 shares                                 (14,604)           (14,019)
 Unallocated employee stock ownership plan
   shares - 35,678 and 40,986 shares                 (357)              (410)
 Unearned incentive plan shares - 16,729 and
   20,626 shares                                     (241)              (297)
                                            --------------------------------
                                                  (15,202)           (14,726)
                                            --------------------------------
    Total stockholders' equity                     21,447             21,771
                                            --------------------------------
    Total liabilities and
      stockholders' equity                  $     157,517      $     154,309
                                            ================================


See notes to condensed consolidated financial statements.


                  Great American Bancorp, Inc. and Subsidiary
                   Condensed Consolidated Income Statements
               For the Three Months Ended March 31, 2000 and 1999
                (unaudited, in thousands except per share data)

                                                     2000               1999
----------------------------------------------------------------------------
Interest income:
 Loans                                       $      2,590      $       2,514
 Investment securities
  Taxable                                             113                 38
  Tax exempt                                            4                  9
 Deposits with financial
  institutions and other                               61                196
                                            --------------------------------
   Total interest income                            2,768              2,757
                                            --------------------------------
Interest expense:
 Deposits                                           1,205              1,205
 Other                                                109                115
                                            --------------------------------
   Total interest expense                           1,314              1,320
                                            --------------------------------
   Net interest income                              1,454              1,437
Provision for loan losses                              75                123
                                            --------------------------------
   Net interest income after
     provision for loan losses                      1,379              1,314
                                            --------------------------------
Noninterest income:
 Brokerage commissions                                 50                 25
 Insurance sales commissions                          217                210
 Service charges on deposit accounts                  134                131
 Loan servicing fees                                    4                  5
 Other customer fees                                   34                 35
                                             --------------------------------
   Total noninterest income                           439                406
                                            --------------------------------

                                                                 (continued)


                  Great American Bancorp, Inc. and Subsidiary
             Condensed Consolidated Income Statements (Continued)
              For the Three Months Ended March 31, 2000 and 1999
                  (unaudited, in thousands except share data)

                                                     2000               1999
----------------------------------------------------------------------------
Noninterest expense:
 Salaries and employee benefits                       755                740
 Net occupancy expenses                               162                149
 Equipment expenses                                   146                108
 Data processing fees                                  20                 15
 Deposit insurance expense                              6                 18
 Printing and office supplies                          65                 71
 Legal and professional fees                           51                 90
 Directors and committee fees                          25                 26
 Insurance expense                                     11                 12
 Marketing and advertising expenses                    38                 39
 Other expenses                                        83                 95
                                            --------------------------------
   Total noninterest expense                        1,362              1,363
                                            --------------------------------
   Income before income tax                           456                357
Income tax expense                                    177                145
                                            --------------------------------
   Net income                               $         279      $         212
                                            ================================

Per Share Data:

  Earnings
   Basic:
     Net income                             $        0.25      $        0.17
                                            ================================
     Average number of shares                   1,137,048          1,245,592
                                            ================================

   Diluted:
     Net income                             $        0.24      $        0.17
                                            ================================
     Average number of shares                   1,156,374          1,287,850
                                            ================================

  Dividends                                 $        0.11      $        0.11
                                            ================================


See notes to condensed consolidated financial statements.


                 Great American Bancorp, Inc. and Subsidiary
               Condensed Consolidated Statements of Cash Flows
              For the Three Months Ended March 31, 2000 and 1999
                          (unaudited, in thousands)

                                                     2000               1999
----------------------------------------------------------------------------
Operating Activities:
  Net income                                $         279      $         212
  Adjustments to reconcile net
    income to net cash provided
    by operating activities:
      Provision for loan losses                        75                123
      Depreciation and amortization                   169                133
      Amortization of deferred loan fees               (2)                (5)
      Deferred income tax                              --                (22)
      Employee stock ownership plan
        compensation expense                           65                 84
      Incentive plan expense                           55                 55
      Net change in:
        Other assets                                   79                (29)
        Other liabilities                             162                112
                                            --------------------------------
          Net cash provided by
            operating activities                      882                663
                                            --------------------------------
Investing Activities:
  Proceeds from maturities of securities
    available for sale                                 --              1,000
  Proceeds from maturities of securities held
    to maturity                                       100              1,000
  Proceeds from principal repayments of
    mortgage-backed securities                         39                 --
  Net change in loans                                (877)            (1,429)
  Purchase of premises and equipment                 (130)               (65)
                                            --------------------------------
          Net cash provided (used) by
            investing activities                     (868)               506
                                            --------------------------------

                                                                 (continued)







                   Great American Bancorp, Inc. and Subsidiary
           Condensed Consolidated Statements of Cash Flows (Continued)
               For the Three Months Ended March 31, 2000 and 1999
                            (unaudited, in thousands)

                                                     2000               1999
----------------------------------------------------------------------------
Financing Activities:
  Net change in:
    Noninterest-bearing demand, interest-
      bearing demand and savings deposits           3,856               (151)
    Certificates of deposit                          (473)              (184)
    Short-term borrowings                              --                500
  Cash dividends                                     (129)              (140)
  Purchase of treasury stock                         (585)              (611)
                                            --------------------------------
          Net cash provided (used) by
            financing activities                    2,669               (586)
                                            --------------------------------
Net Change in Cash and Cash Equivalents             2,683                583

Cash and Cash Equivalents, Beginning
  of Period                                        10,013             21,815
                                            --------------------------------
Cash and Cash Equivalents, End of
  Period                                    $      12,696      $      22,398
                                            ================================
Additional Cash Flows Information

   Interest paid                            $       1,316      $       1,318
                                            ================================
   Income tax paid                          $          --      $          50
                                            ================================




See notes to condensed consolidated financial statements.




              Great American Bancorp, Inc. and Subsidiary

Notes to Condensed Consolidated Financial Statements

1.  Background Information

Great American Bancorp, Inc. (the "Company") was incorporated on February 23,
1995 and on June 30, 1995 acquired all of the outstanding shares of common
stock of First Federal Savings Bank of Champaign-Urbana, (the "Bank") upon the
Bank's conversion from a federally chartered mutual savings bank to a
federally chartered stock savings bank.  The Company purchased 100% of the
outstanding capital stock of the Bank using 50% of the net proceeds from the
Company's initial stock offering which was completed on June 30, 1995.  The
Company began trading on the NASDAQ Stock Market on June 30, 1995 under the
symbol "GTPS".

2.  Statement of Information Furnished

The accompanying unaudited consolidated financial statements have been
prepared in accordance with Form 10-QSB instructions and Item 310(b) of
Regulation S-B, and, in the opinion of management, contain all adjustments
necessary to present fairly the financial position as of March 31, 2000 and
December 31, 1999, the results of operations for the three months ended March
31, 2000 and 1999, and the cash flows for the three months ended March 31,
2000 and 1999.  All adjustments to the financial statements were normal and
recurring in nature. These results have been determined on the basis of
generally accepted accounting principles.  Reclassifications of certain
amounts in the 1999 financial statements have been made to conform to the 2000
presentation.  The results of operations for the three months ended March 31,
2000 are not necessarily indicative of the results to be expected for the
entire fiscal year.

The Company adopted Statement of Financial Accounting Standards No. 130,
"Reporting Comprehensive Income," ("SFAS No. 130") in 1998.  At March 31, 2000
and March 31, 1999, the amounts to be disclosed by the Company under SFAS No.
130 are considered immaterial and are therefore not shown in the accompanying
financial statements.

The consolidated financial statements are those of the Company and the Bank.
These consolidated financial statements should be read in conjunction with the
audited financial statements and notes thereto included in the Company's 1999
Annual Report to Shareholders.

PART I -- Item 2.

                     GREAT AMERICAN BANCORP, INC.
                 Management's Discussion and Analysis
                         or Plan of Operation

General

The Company is the holding company for the Bank.  The Bank operates a wholly
owned subsidiary, Park Avenue Service Corporation ("PASC").  PASC offers full
service brokerage activities through Scout Brokerage Services, Inc., a
subsidiary of United Missouri Bank, and also engages in the sale of fixed-rate
and variable-rate tax deferred annuities.  In September, 1997, PASC also
established the GTPS Insurance Agency which offers a variety of insurance
products, including life, health, automobile, and property and casualty
insurance.  At the inception of GTPS Insurance Agency, PASC hired two
insurance agents to provide these services to customers.  Effective March 1,
1998, GTPS Insurance Agency merged with another local insurance agency, the
Cox Lowry and Marsh Insurance Agency, and added four additional insurance
agents.  The merged entity assumed the GTPS Insurance Agency name.

Forward-Looking Information

In addition to historical information, this 10-QSB may include certain
forward-looking statements based on current management expectations.  The
Company's actual results could differ materially from those management
expectations.  Factors that could cause future results to vary from current
management expectations include, but are not limited to, general economic
conditions, legislative and regulatory changes, monetary and fiscal policies
of the federal government, changes in tax policies, rates and regulations of
federal, state and local tax authorities, changes in interest rates, deposit
flows, the cost of funds, demand for loan products, demand for financial
services, competition, changes in the quality or composition of the Company's
loan and investment portfolios, changes in accounting principles, policies or
guidelines, and other economic, competitive, governmental and technological
factors affecting the Company's operations, markets, products, services and
prices.  Further description of the risks and uncertainties to the business
are included in detail under the captions:  Liquidity and Capital Resources
and Year 2000 compliance.

Financial Condition

The Company's total assets increased from $154.31 million at December 31, 1999
to $157.52 million at March 31, 2000.  The increase in total assets was
primarily due to an increase in the balance of interest-bearing demand
deposits from $4.45 million at December 31, 1999 to $8.23 million at March 31,
2000, primarily deposits held at the Federal Home Loan Bank.  Net loans
increased from $127.73 million at December 31, 1999 to $128.53 million at
March 31, 2000.  The increase in loans was due primarily to an increase in
residential and commercial mortgage loans.

The increases in interest-bearing demand deposits and loans was funded by an
increase in total deposits.  Total deposits increased $3.38 million from
$122.85 million at December 31, 1999 to $126.23 million at March 31, 2000.
Noninterest-bearing deposits increased by $2.20 million, while interest-
bearing deposits grew by $1.18 million during the first quarter of 2000.


Total stockholders' equity decreased $324,000 or 1.5%, from $21.77 million at
December 31, 1999 to $21.45 million at March 31, 2000.  Book value per
outstanding voting share increased from $17.79 at December 31, 1999 to $18.22
at March 31, 2000. The decrease in stockholders' equity is summarized as
follows (in thousands):

   Stockholders' equity, December 31, 1999            $   21,771
   Net income                                                279
   Purchase of treasury stock                               (585)
   Dividends declared                                       (125)
   Incentive plan shares allocated                            55
   ESOP shares allocated                                      65
   Decrease in unrealized loss on securities
      available for sale, net of income tax effect           (13)
                                                          ------
   Stockholders' equity, March 31, 2000               $   21,447
                                                          ======

Results of Operations

Comparison of Three Month Periods Ended March 31, 2000 and 1999

Net income was $279,000 for the three months ended March 31, 2000,
compared to $212,000 for the three months ended March 31, 1999.  This
represents a $67,000, or 31.6% increase.  Basic earnings per share
were $0.25 for the three months ended March 31, 2000, compared to $0.17
for the three months ended March 31, 1999.  Diluted earnings per
share were $0.24 for the first quarter in 2000, compared to $0.17 for the
first quarter in 1999.

Net income increased during 2000 due to increases in net interest income and
brokerage and insurance sales commissions, and a reduction in the provision
for loan losses.

Net interest income was $1.45 million for the three months ended March 31,
2000, compared to 1.44 million for the same period in 1999.  Interest income
was $2.77 million for the three months ended March 31, 2000, compared to $2.76
million for the same period in 1999, primarily the result of an increase in
interest income on loans.  Interest income on loans during the first quarter
in 2000 was $2.59 million, $76,000 or 3.0%, greater than the $2.51 million
recorded in 1999.

The increase in interest income on loans was due to higher average total loans
in 2000.  Average total loans for the three months ended March 31, 2000 were
$129.20 million, compared to $122.75 million for the same period in 1999, an
increase of $6.45 million or 5.2%. The majority of the increase in average
total loans was in mortgage loans.  Total mortgage loans averaged $108.25
million for the three months ended March 31, 2000, compared to $99.08 million
for the three months ended March 31, 1999, an increase of $9.17 million or
9.3%.  This growth primarily occurred in one-to-four family and multifamily
residential loans, and in commercial mortgage loans.

Average total commercial loans were $7.83 million for the three months ended
March 31, 2000, compared to $9.28 million for the same period in 1999, a
decrease of $1.45 million, or 15.6%.  The decline in average total commercial
loans was due to an $800,000 charge-off recorded in the fourth quarter of 1999
and several smaller payoffs.  The $800,000 charged-off related to loans to one
borrower who filed bankruptcy in early 1999.  The remaining balance of these
loans is $375,000 and is secured by business assets and guaranteed by the
owner.  Repayment of the remaining balance is expected from the sale of
business assets and personal assets of the borrower.  Average total consumer
loans were $11.21 million during the three months ended March 31, 2000, an
increase of $360,000, or 3.3%, above the $10.85 million average total balance
during the same period in 1999. The average yield on loans was 8.03% for the
three months ended March 31, 2000, compared to 8.37% for the three months
ended March 31, 1999.


Interest income on investment securities increased from $47,000 for the three
months ended March 31, 1999 to $117,000 for the same period in 2000, due to an
increase in average total investment securities and an increase in the yield
on U.S. Agency securities.  Total investment securities, including Federal
Home Loan Bank ("FHLB") stock, averaged $7.09 million for the three months
ended March 31, 2000, compared to $3.52 million for the same period in 1999.
Interest income on deposits with financial institutions and other decreased
from $196,000 for the three months ended March 31, 1999 to $61,000 for the
three months ended March 31, 2000 due to a reduction in balances maintained at
other institutions.  The average total balance of deposits with financial
institutions and other decreased from $17.09 million for the three months
ended March 31, 1999 to $4.67 million for the three months ended March 31,
2000, a decrease of $12.42 million, or 72.66%.  The average yield on
investment securities increased from 5.42% for the three months ended March
31, 1999 to 6.64% for the same period in 2000.  The average yield on deposits
with financial institutions and other increased from 4.63% for the three
months ended March 31, 1999 to 5.25% for the same period in 2000.

Interest expense decreased by $6,000, from $1,320,000 for the three months
ended March 31, 1999 to $1,314,000 for the same period in 2000.  The decrease
was mainly attributable to a decrease in other borrowings, due to the
repayment of repurchase agreements during mid 1999. Average total interest-
bearing deposits increased from $113.26 million in the first three months of
1999 to $113.64 million during the same period in 2000, an increase of
$380,000, or .3%.  Growth in NOW and IMMA accounts, and in certificates of
deposit with maturities of 18 months, 2 years and 4 years, was offset mainly
by declines in the balances of certificates of deposit with maturities of one
year or less.  The average rates on deposits were 4.26% and 4.32% for the
three months ended March 31, 2000 and 1999, respectively.  Average borrowings
for the three months ended March 31, 2000 were $8.99 million, compared with
$10.24 million for the three months ended March 31, 1999.

Net interest income as a percent of average interest earning assets was
4.17% for the three months ended March 31, 2000 versus 4.09% for the
same period in 1999.  The spread between the yield on interest earning
assets and the rate on interest bearing liabilities was 3.63% and 3.51%
for the three months ended March 31, 2000 and 1999, respectively.

The provision for loan losses was $75,000 for the quarter ended March 31, 2000
compared to $123,000 for the quarter ended March 31, 1999.  There were no
loans charged-off, and $1,000 in recoveries in the first quarter of 2000.
There were no loans charged off and no recoveries in the first three months of
1999.

Non-performing loans, which are loans past due 90 days or more and
non-accruing loans, totaled $975,000 at March 31, 2000, compared to $1,472,000
at March 31, 1999.  Non-performing loans at March 31, 2000 consisted of three
residential mortgage loans totaling $83,000, one commercial mortgage loan
totaling $481,000, three consumer loans totaling $11,000 and four commercial
loans totaling $400,000.  All of these loans were past due 90 days or more at
March 31, 2000, with $375,000 of the balance in non-accrual status.  Payments
were received on the $481,000 commercial mortgage loan in April, 2000,
bringing the loan current.

The $375,000 balance in non-accrual status represents commercial loans to one
borrower that were also included in non-performing assets as of March 31,
1999.  The balance of these loans as of March 31, 1999 was $1.35 million.  In
January 1999, the borrower involved in the non-performing loan filed Chapter
11, or business reorganization, bankruptcy.  In the second quarter of 1999,
the reorganization plan changed to a liquidation of assets arrangement.  Since
March 31, 1999, the Company collected $175,000 in principal repayments, and in
the fourth quarter of 1999, charged off $800,000 associated with these loans.
The remaining balance of $375,000 is secured by business assets and guaranteed
by the owner.  Repayment of this remaining balance is expected from the sale
of business assets of the borrower and personal assets of the guarantor.

The ratio of the Company's allowance for loan losses to total loans was .60%
at March 31, 2000 and .84% at March 31, 1999.  Management assesses the
adequacy of the allowance for loan losses based on evaluating known and
inherent risks in the loan portfolio and upon management's continuing analysis
of the factors underlying the quality of the loan portfolio.  While management
believes that, based on information currently available, the allowance for
loan losses is sufficient to cover losses inherent in its loan portfolio at
this time, no assurance can be given that the level of the allowance for loan
losses will be sufficient to cover future possible loan losses incurred by the
Company or that future adjustments to the allowance for loan losses will not
be necessary if economic and other conditions differ substantially from the
economic and other conditions used by management to determine the current
level of the allowance for loan losses.  Management may in the future increase
the level of the allowance for loan losses as a percentage of total loans and
non-performing loans in the event it increases the level of commercial real
estate, multifamily, or consumer lending as a percentage of its total loan
portfolio.  In addition, various regulatory agencies, as an integral part of
their examination process, periodically review the allowance for loan losses.
Such agencies may require the Company to provide additions to the allowance
based upon judgements different from management.

Noninterest income totaled $439,000 for the three months ended March 31,
2000, compared to $406,000 for the same period in 1999, an increase of

$33,000, or 8.13%.  Commissions generated by Scout Brokerage Services, Inc.,
which totaled $50,000 for the three months ended March 31, 2000 compared to
$25,000 for the same period in 1999, accounted for the majority of the
increase in noninterest income.  Scout Brokerage is a division of PASC.
Insurance sales commissions and service charges on deposit accounts were also
higher in the first quarter of 2000 compared to the first quarter of 1999.

Noninterest expense was $1.36 million for the first quarter of both 2000 and
1999.  Increases in equipment expenses, salaries and benefits, and net
occupancy expense were offset by decreases in legal fees, deposit insurance
expense, and other expenses.

Total income taxes increased by $32,000, or 22.1% from $145,000 for the
three months ended March 31, 1999 to $177,000 for the same period in
2000 due to the increase in pretax net income.  The effective tax rates for
both the three months ended March 31, 2000 and 1999, were 38.8% and 40.6%
respectively.




Liquidity and Capital Resources

The Bank's primary sources of funds are deposits and principal and
interest payments on loans.  While maturities and scheduled amortization
of loans are predictable sources of funds, deposit flows and mortgage
prepayments are greatly influenced by general interest rates, economic
conditions, and competition.  The Office of Thrift Supervision ("OTS"), the
Company's and the Bank's primary regulator, requires the Bank to maintain
minimum levels of liquid assets.  Currently, the required ratio is 4%.  The
Bank's liquidity ratios were 8.71% and 8.27% at March 31, 2000 and December
31, 1999, respectively, well above the required minimum.

A review of the Consolidated Statements of Cash Flows included in the
accompanying financial statements shows that the Company's cash and cash
equivalents ("cash") increased $2.68 million for the three months ended March
31, 2000, compared to an increase of $583,000 for the three months ended March
31, 1999.  During the three months ended March 31, 2000, cash was primarily
provided from earnings, and an increase in noninterest-bearing and interest-
bearing demand and savings deposits, and during that period cash was primarily
used to fund loans, a decrease in certificates of deposit and to purchase
treasury stock.

During the three months ended March 31, 1999, cash was primarily provided from
earnings, proceeds from maturities of securities, and an increase in short-
term borrowings, and during that period cash was primarily used to fund loans
and to purchase treasury stock.


The Company's primary investment activity during the three months ended March
31, 2000 was the origination of loans.  During the three months ended March
31, 2000 and March 31, 1999, the Company originated mortgage loans in the
amounts of $7.72 million and $4.77 million, respectively, commercial loans in
the amounts of $1.76 million and $2.35 million, respectively, and consumer
loans in the amounts of $1.79 million and $1.77 million, respectively.

As of March 31, 2000, the Company had outstanding commitments (including
undisbursed loan proceeds) of $3.33 million.  The Company anticipates it will
have sufficient funds available to meet its current loan origination
commitments.  Certificates of deposit which are scheduled to mature in
one year or less from March 31, 2000 totaled $49.67 million.  Management
believes a significant portion of such deposits will remain with the
Company.

At March 31, 2000, the Bank exceeded all of its regulatory capital
requirements with tangible capital and core capital both at $9.45 million or
6.45% of total adjusted tangible assets, core capital at $9.45 million or
6.45% of adjusted total assets, and risk-based capital at $10.16 million or
11.87% of total risk-weighted assets.  The required ratios are 1.5% for
tangible capital to tangible assets, 2% for core capital to total adjusted
tangible assets, 4.0% for core capital to adjusted total assets and 8.0% for
risk-based capital to risk-weighted assets.

Current Accounting Issues

During 1998, the Financial Accounting Standards Board ("FASB") issued
Statement No. 133, "Accounting for Derivative Instruments and Hedging
Activities."  This Statement requires companies to record derivatives on the
balance sheet at their fair value.  Statement No. 133 also acknowledges that
the method of recording a gain or loss depends on the use of the derivative.

The new Statement applies to all entities.  If hedge accounting is elected
by the entity, the method of assessing the effectiveness of the hedging
derivative and the measurement approach of determining the hedge's
ineffectiveness must be established at the inception of the hedge.

Statement No. 133 amends Statement No. 52 and supercedes Statements No. 80,
105 and 119.  Statement No. 107 is amended to include the disclosure
provisions about the concentrations of credit risk from Statement No. 105.
Several Emerging Issues Task Force consensuses are also changed or modified by
the provisions of Statement No. 133.

Statement No. 137 amended the effective date of Statement No. 133 to fiscal
years beginning after June 15, 2000.  The Statement may not be applied
retroactively to financial statements of prior periods.  The adoption of the
Statement will have no material impact on the Corporation's financial
condition or result of operations.




PART II -- OTHER INFORMATION

   Item 1.  Legal Proceedings

               The Company is involved in various legal actions incident to
               its business, none of which is believed by management to be
               material to the financial condition of the Company.

   Item 2.  Changes in Securities

               Not applicable

   Item 3.  Defaults Upon Senior Securities

               Not applicable

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

               None

   Item 5.  Other Information

               Not Applicable


   Item 6.  Exhibits and Reports on Form 8-K

             a.  Exhibits

                 3.1   Certificate of Incorporation of Great American
                       Bancorp, Inc.*

                 3.2   By-laws of Great American Bancorp, Inc.*

                11.0   Computation of earnings per share (filed herewith)

                27.0   Financial Data Schedule (filed herewith)

             b.  Report on Form 8-K

                 1.    On January 24, 2000, the Registrant filed a Current
                       Report on Form 8-K reporting information under Items
                       5 and 7, incorporating by reference press releases
                       dated January 18, 2000 and January 21, 2000, relating
                       to the Registrant's unaudited  results for the year
                       ended December 31, 1999, and the announcement of the
                       date for the Company's annual meeting of stockholders.




      _______________

      *   Incorporated herein by reference into this document from Form
          S-1 Registration Statement, as amended, filed on March 24, 1995,
          Registration No. 33-90614.



                               SIGNATURES


      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.

                                           Great American Bancorp, Inc.


      Dated:       May 12, 2000            /s/  George R. Rouse
             -----------------------      ----------------------------
                                           George R. Rouse
                                           President and
                                           Chief Executive Officer



      Dated:       May 12, 2000            /s/  Jane F. Adams
            --------------------------    ----------------------------
                                           Jane F. Adams
                                           Chief Financial Officer,
                                           Secretary and Treasurer



                                    Exhibit 11.0


Earnings per share (unaudited)

Earnings per share (EPS) were computed as follows
(dollar amounts in thousands except share data):

                                                   Three Months Ended
                                                     March 31, 2000
                                             -------------------------------
                                                        Weighted
                                                         Average   Per-Share
                                              Income      Shares     Amount
                                             -------------------------------
Basic Earnings Per Share

  Income available to common stockholders    $   279   1,137,048    $  0.25

Effect of Dilutive Securities
  Unearned incentive plan shares                          19,326

                                             -------------------------------
Diluted Earnings Per Share
  Income available to common stockholders
   and assumed conversion                    $   279   1,156,374    $  0.24
                                             ===============================

Options to purchase 187,601 shares of common stock at $14.21 were outstanding
at March 31, 2000, but were excluded from the computation of the diluted
earnings per share because the options exercise price was greater than the
average market price of the common shares.

                                                   Three Months Ended
                                                     March 31, 1999
                                             -------------------------------
                                                        Weighted
                                                         Average    Per-Share
                                              Income      Shares     Amount
                                             -------------------------------
Basic Earnings Per Share
  Income available to common stockholders    $   212   1,245,592    $  0.17

Effect of Dilutive Securities
  Stock options                                            8,000
  Unearned incentive plan shares                          34,258
                                             -------------------------------
Diluted Earnings Per Share
  Income available to common stockholders
   and assumed conversion                    $   212   1,287,850    $  0.17
                                             ===============================