<TABLE>
<CAPTION>

                                                                  FORM 13F INFORMATION TABLE
                                                           VALUE   SHARES/  SH/ PUT/ INVSTMT    OTHER          VOTING AUTHORITY
        NAME OF ISSUER         TITLE OF CLASS     CUSIP   (X$1000) PRN AMT  PRN CALL DSCRETN   MANAGERS     SOLE    SHARED    NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S>                            <C>              <C>        <C>     <C>      <C> <C>            <C>        <C>      <C>      <C>

INGERSOLL RAND CL A            BERMUDA          G4776G101     4937   104375 SH       SOLE                   102925     1350      100
INGERSOLL RAND CL A            BERMUDA          G4776G101      137     2900 SH       DEFINED                  2900        0        0
ABBOTT LABS                    COM              002824100     1440    32918 SH       SOLE                    32418      100      400
ABBOTT LABS                    COM              002824100       35      816 SH       DEFINED                   816        0        0
ALCOA INC                      COM              013817101      230     9040 SH       SOLE                     9040        0        0
ALTRIA GROUP INC               COM              02209S103      486    10700 SH       SOLE                     9600      500      600
AMERICAN INTERNATIONAL GRP     COM              026874107     8962   162426 SH       SOLE                   160910     1236      280
AMERICAN INTERNATIONAL GRP     COM              026874107      323     5869 SH       DEFINED                  5869        0        0
APPLIED MATLS INC              COM              038222105      222    14048 SH       SOLE                    14048        0        0
AUTOMATIC DATA PROCESSING      COM              053015103     5089   150322 SH       SOLE                   149122     1000      200
AUTOMATIC DATA PROCESSING      COM              053015103      111     3300 SH       DEFINED                  3300        0        0
AVERY DENNISON CORP            COM              053611109     2549    50785 SH       SOLE                    50335      400       50
AVERY DENNISON CORP            COM              053611109       30      600 SH       DEFINED                   600        0        0
BP PLC - SPONS                 ADR              055622104     5385   128159 SH       SOLE                   123109     2250     2800
BP PLC - SPONS                 ADR              055622104     1185    28202 SH       DEFINED                 12114      328    15760
BALL CORP                      COM              058498106     6406   140802 SH       SOLE                   140602      200        0
BANK OF AMERICA CORP NEW       COM              060505104     5040    63785 SH       SOLE                    63285      100      400
BANK OF AMERICA CORP NEW       COM              060505104      191     2425 SH       DEFINED                  2425        0        0
BANK ONE CORPORATION           COM              06423A103     6995   188164 SH       SOLE                   187454      410      300
BANK ONE CORPORATION           COM              06423A103      580    15626 SH       DEFINED                 12326        0     3300
BAXTER INTERNATIONAL INC       COM              071813109      238     9155 SH       SOLE                     8955      100      100
BAXTER INTERNATIONAL INC       COM              071813109       23      900 SH       DEFINED                   900        0        0
BELLSOUTH CORP                 COM              079860102     3377   126862 SH       SOLE                   125062     1400      400
BELLSOUTH CORP                 COM              079860102      191     7200 SH       DEFINED                  5200        0     2000
BRISTOL-MYERS SQUIBB           COM              110122108     3392   125012 SH       SOLE                   121612      800     2600
BRISTOL-MYERS SQUIBB           COM              110122108      241     8880 SH       DEFINED                  8880        0        0
CATERPILLAR INC.               COM              149123101      250     4504 SH       SOLE                     4504        0        0
CATERPILLAR INC.               COM              149123101       44      800 SH       DEFINED                   800        0        0
CHEVRON TEXACO CORP            COM              166764100     6984    96737 SH       SOLE                    94330      825     1582
CHEVRON TEXACO CORP            COM              166764100      202     2806 SH       DEFINED                  2806        0        0
CISCO SYSTEMS                  COM              17275R102     1745   104002 SH       SOLE                   102202     1600      200
CISCO SYSTEMS                  COM              17275R102       39     2350 SH       DEFINED                  2350        0        0
CITIGROUP INC                  COM              172967101      607    14206 SH       SOLE                    13873      133      200
CITIGROUP INC                  COM              172967101       43     1025 SH       DEFINED                  1025        0        0
CLOROX CO                      COM              189054109      213     5000 SH       SOLE                     5000        0        0
CLOROX CO                      COM              189054109       46     1100 SH       DEFINED                  1100        0        0
COCA COLA CO                   COM              191216100     2161    46579 SH       SOLE                    45679        0      900
COCA COLA CO                   COM              191216100       18      400 SH       DEFINED                   400        0        0
COLGATE PALMOLIVE CO           COM              194162103     1537    26531 SH       SOLE                    26481       50        0
COLGATE PALMOLIVE CO           COM              194162103       34      600 SH       DEFINED                   600        0        0
CONOCOPHILLIPS                 COM              20825C104      834    15225 SH       SOLE                    15225        0        0
CONOCOPHILLIPS                 COM              20825C104       68     1250 SH       DEFINED                  1250        0        0
DNP SELECT INCOME FUND                          23325P104     1580   145403 SH       SOLE                   134473     3230     7700
DNP SELECT INCOME FUND                          23325P104       43     4000 SH       DEFINED                  4000        0        0
DPL INC                        COM              233293109      322    20245 SH       SOLE                    20245        0        0
DISNEY WALT COMPANY            COM              254687106     3051   154505 SH       SOLE                   153255      150     1100
DISNEY WALT COMPANY            COM              254687106       39     2000 SH       DEFINED                  2000        0        0
DOW CHEM CO                    COM              260543103     1638    52926 SH       SOLE                    52826        0      100
DOW CHEM CO                    COM              260543103       27      900 SH       DEFINED                   900        0        0
DU PONT E I DE NEMOURS         COM              263534109      278     6700 SH       SOLE                     6700        0        0
DU PONT E I DE NEMOURS         COM              263534109       12      300 SH       DEFINED                   300        0        0
DUKE ENERGY CORP               COM              264399106      942    47291 SH       SOLE                    46791        0      500
DUKE ENERGY CORP               COM              264399106       17      900 SH       DEFINED                   900        0        0
EMC CORPORATION                COM              268648102      764    72996 SH       SOLE                    71396     1600        0
EMC CORPORATION                COM              268648102       16     1600 SH       DEFINED                  1600        0        0
EMERSON ELEC CO                COM              291011104     5081    99460 SH       SOLE                    98710      500      250
EMERSON ELEC CO                COM              291011104      390     7650 SH       DEFINED                  7650        0        0
EXXON MOBIL CORP               COM              30231G102     7907   220276 SH       SOLE                   213408     2792     4076
EXXON MOBIL CORP               COM              30231G102      340     9472 SH       DEFINED                  7952      528      992
FANNIE MAE                     COM              313586109      644     9550 SH       SOLE                     9450       50       50
FANNIE MAE                     COM              313586109       20      300 SH       DEFINED                   300        0        0
FIFTH-THIRD BANCORP            COM              316773100      298     5201 SH       SOLE                     5201        0        0
FIRST MERCHANTS CORP           COM              320817109    20795   859315 SH       SOLE                   817240    11945    30130
FIRST MERCHANTS CORP           COM              320817109     2542   105058 SH       DEFINED                104315        0      743
FIRST ENERGY CORP              COM              337932107      181     4730 SH       SOLE                     4730        0        0
FIRST ENERGY CORP              COM              337932107       38     1000 SH       DEFINED                  1000        0        0
GANNETT COMPANY INC            COM              364730101     2164    28175 SH       SOLE                    28175        0        0
GANNETT COMPANY INC            COM              364730101       42      550 SH       DEFINED                   550        0        0
GENERAL ELEC CO                COM              369604103    12987   452827 SH       SOLE                   444577     3250     5000
GENERAL ELEC CO                COM              369604103      626    21850 SH       DEFINED                 21850        0        0
GENERAL MTRS CORP              COM              370442105      251     6987 SH       SOLE                     6637        0      350
GENERAL MTRS CORP              COM              370442105        7      200 SH       DEFINED                   200        0        0
GILLETTE CO                    COM              375766102      579    18194 SH       SOLE                    18094      100        0
GILLETTE CO                    COM              375766102       31     1000 SH       DEFINED                  1000        0        0
HARSCO CORP                    COM              415864107      753    20900 SH       SOLE                    20900        0        0
HEINZ H J CO                   COM              423074103      276     8400 SH       SOLE                     6900        0     1500
HEWLETT PACKARD CO             COM              428236103     3308   155403 SH       SOLE                   153324     1563      516
HEWLETT PACKARD CO             COM              428236103      247    11645 SH       DEFINED                 11645        0        0
HOME DEPOT INC                 COM              437076102      335    10136 SH       SOLE                     9936      100      100
HOME DEPOT INC                 COM              437076102       26      800 SH       DEFINED                   800        0        0
HUNTINGTON BANCSHARES INC      COM              446150104      215    11044 SH       SOLE                    11044        0        0
HUNTINGTON BANCSHARES INC      COM              446150104      188     9664 SH       DEFINED                  9664        0        0
ILLINOIS TOOL WORKS INC        COM              452308109      544     8270 SH       SOLE                     8270        0        0
INTEL CORP                     COM              458140100     7636   367154 SH       SOLE                   353934     4620     8600
INTEL CORP                     COM              458140100      577    27751 SH       DEFINED                 27751        0        0
INTL BUSINESS MACHINES CORP    COM              459200101     4387    53183 SH       SOLE                    51733      600      850
INTL BUSINESS MACHINES CORP    COM              459200101      132     1609 SH       DEFINED                  1609        0        0
J P MORGAN CHASE & CO          COM              46625H100     2720    79606 SH       SOLE                    78861       75      670
J P MORGAN CHASE & CO          COM              46625H100      342    10035 SH       DEFINED                  2635        0     7400
JOHNSON & JOHNSON              COM              478160104     8308   160701 SH       SOLE                   158251     1650      800
JOHNSON & JOHNSON              COM              478160104      858    16600 SH       DEFINED                 16600        0        0
KELLOGG CO                     COM              487836108      252     7360 SH       SOLE                     7360        0        0
KIMBERLY CLARK CORP            COM              494368103     4329    83059 SH       SOLE                    82459      400      200
KIMBERLY CLARK CORP            COM              494368103       70     1350 SH       DEFINED                  1350        0        0
LANCASTER COLONY CORP          COM              513847103      339     8775 SH       SOLE                     8775        0        0
LILLY ELI & CO                 COM              532457108     8860   128474 SH       SOLE                   125019     1655     1800
LILLY ELI & CO                 COM              532457108      715    10368 SH       DEFINED                 10368        0        0
LINCOLN NATL CORP IND          COM              534187109     4189   117592 SH       SOLE                   115492     1450      650
LINCOLN NATL CORP IND          COM              534187109      167     4700 SH       DEFINED                  4700        0        0
LOWE'S COMPANIES INC           COM              548661107     4527   105425 SH       SOLE                   102425     3000        0
LOWE'S COMPANIES INC           COM              548661107       63     1480 SH       DEFINED                  1480        0        0
MARSH SUPERMARKETS INC CL B    COM              571783208     1714   140112 SH       SOLE                   140112        0        0
MARSH SUPERMARKETS INC CL A    COM              571783307     3582   293419 SH       SOLE                   293419        0        0
MASCO CORP                     COM              574599106     1246    52300 SH       SOLE                    51800      500        0
MASCO CORP                     COM              574599106       54     2300 SH       DEFINED                  2300        0        0
MAY DEPARTMENT STORES          COM              577778103     1362    61219 SH       SOLE                    61219        0        0
MAY DEPARTMENT STORES          COM              577778103      111     5000 SH       DEFINED                  5000        0        0
MCDONALDS CORP                 COM              580135101     2751   124773 SH       SOLE                   122573     1300      900
MCDONALDS CORP                 COM              580135101      211     9600 SH       DEFINED                  9600        0        0
MCGRAW HILL COS INC            COM              580645109     1538    24820 SH       SOLE                    24420      400        0
MCGRAW HILL COS INC            COM              580645109       12      200 SH       DEFINED                   200        0        0
MEDTRONIC INCORPORATED         COM              585055106      799    16677 SH       SOLE                    16677        0        0
MERCK & CO INC                 COM              589331107     6868   113461 SH       SOLE                   112411     1050        0
MERCK & CO INC                 COM              589331107      345     5704 SH       DEFINED                  5704        0        0
MERRILL LYNCH & CO INC         COM              590188108      944    20225 SH       SOLE                    20225        0        0
MERRILL LYNCH & CO INC         COM              590188108       37      800 SH       DEFINED                   800        0        0
MICROSOFT CORPORATION          COM              594918104     6827   266382 SH       SOLE                   263682     2200      500
MICROSOFT CORPORATION          COM              594918104      443    17300 SH       DEFINED                 17300        0        0
MOTOROLA INC                   COM              620076109       74     7950 SH       SOLE                     7950        0        0
MOTOROLA INC                   COM              620076109       72     7650 SH       DEFINED                  7650        0        0
NATIONAL CITY CORP             COM              635405103      989    30257 SH       SOLE                    30257        0        0
NISOURCE INC                   COM              65473P105      172     9101 SH       SOLE                     9101        0        0
NISOURCE INC                   COM              65473P105       38     2000 SH       DEFINED                  2000        0        0
NORTHROP GRUMMAN CORP          COM              666807102     1326    15375 SH       SOLE                    15375        0        0
NORTHROP GRUMMAN CORP          COM              666807102       27      321 SH       DEFINED                   321        0        0
OLD NATIONAL BANCORP           COM              680033107     2031    88306 SH       SOLE                    88306        0        0
OLD NATIONAL BANCORP           COM              680033107      113     4942 SH       DEFINED                  4942        0        0
PEPSICO INC                    COM              713448108     6752   151752 SH       SOLE                   148452      700     2600
PEPSICO INC                    COM              713448108      479    10765 SH       DEFINED                 10765        0        0
PFIZER INC                     COM              717081103     3449   101049 SH       SOLE                    98429      970     1650
PFIZER INC                     COM              717081103       98     2885 SH       DEFINED                  1685     1200        0
PITNEY BOWES INC               COM              724479100      541    14111 SH       SOLE                    14111        0        0
PITNEY BOWES INC               COM              724479100       42     1100 SH       DEFINED                  1100        0        0
PROCTER & GAMBLE CO            COM              742718109     6379    71537 SH       SOLE                    70937      500      100
PROCTER & GAMBLE CO            COM              742718109      298     3350 SH       DEFINED                  1850        0     1500
SBC COMMUNICATIONS INC         COM              78387G103     4076   159614 SH       SOLE                   157364     1800      450
SBC COMMUNICATIONS INC         COM              78387G103      266    10424 SH       DEFINED                  5192        0     5232
SARA LEE CORP                  COM              803111103     3520   187249 SH       SOLE                   185349     1900        0
SARA LEE CORP                  COM              803111103      224    11920 SH       DEFINED                 11920        0        0
SCHLUMBERGER LTD               COM              806857108     3599    75678 SH       SOLE                    74653      825      200
SCHLUMBERGER LTD               COM              806857108      121     2550 SH       DEFINED                  2550        0        0
SOUTHERN CO                    COM              842587107     1402    45020 SH       SOLE                    42770      500     1750
SOUTHERN CO                    COM              842587107      107     3450 SH       DEFINED                  3450        0        0
SUNGARD DATA SYSTEMS INC       COM              867363103     1119    43230 SH       SOLE                    41030     2200        0
SUNGARD DATA SYSTEMS INC       COM              867363103        5      200 SH       DEFINED                   200        0        0
SYSCO CORP                     COM              871829107     7437   247582 SH       SOLE                   245782     1000      800
SYSCO CORP                     COM              871829107      426    14200 SH       DEFINED                 14200        0        0
TECO ENERGY                    COM              872375100      158    13200 SH       SOLE                    13200        0        0
TECO ENERGY                    COM              872375100      159    13320 SH       DEFINED                  6320        0     7000
TARGET CORP                    COM              87612E106     2530    66870 SH       SOLE                    66420      150      300
TARGET CORP                    COM              87612E106       60     1600 SH       DEFINED                  1600        0        0
3M COMPANY                     COM              88579Y101      892     6923 SH       SOLE                     6823      100        0
3M COMPANY                     COM              88579Y101       19      150 SH       DEFINED                   150        0        0
UNION PLANTERS CORPORATION     COM              908068109      372    12000 SH       SOLE                    12000        0        0
UNITED TECHNOLOGIES CORP       COM              913017109     8031   113385 SH       SOLE                   112285      900      200
UNITED TECHNOLOGIES CORP       COM              913017109       84     1200 SH       DEFINED                  1200        0        0
UNITRIN INC                                     913275103      909    33540 SH       SOLE                    33540        0        0
VECTREN CORP                   COM              92240G101      686    27414 SH       SOLE                    23675     1739     2000
VECTREN CORP                   COM              92240G101       73     2932 SH       DEFINED                  1867        0     1065
VERIZON COMMUNICATIONS INC     COM              92343V104     6412   162548 SH       SOLE                   158686     2900      962
VERIZON COMMUNICATIONS INC     COM              92343V104      538    13650 SH       DEFINED                  8544      366     4740
WACHOVIA CORP 2ND NEW          COM              929903102      311     7800 SH       SOLE                     7700      100        0
WAL MART STORES INC            COM              931142103     6668   124259 SH       SOLE                   123079     1180        0
WAL MART STORES INC            COM              931142103      560    10450 SH       DEFINED                 10450        0        0
WASHINGTON MUTUAL INC          COM              939322103      528    12804 SH       SOLE                    12204      150      450
WASHINGTON MUTUAL INC          COM              939322103       55     1350 SH       DEFINED                  1350        0        0
WELLS FARGO & CO  (NEW)        COM              949746101     6839   135700 SH       SOLE                   134050      750      900
WELLS FARGO & CO  (NEW)        COM              949746101      138     2750 SH       DEFINED                  2750        0        0
WEYERHAEUSER CO                COM              962166104     3880    71868 SH       SOLE                    71318      350      200
WEYERHAEUSER CO                COM              962166104       83     1550 SH       DEFINED                  1550        0        0
WYETH                          COM              983024100     7155   157124 SH       SOLE                   154324      600     2200
WYETH                          COM              983024100       18      400 SH       DEFINED                   400        0        0

 GRAND TOTALS                                               311819  8972078                                8751760    78370   141948

</TABLE>