<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>

INGERSOLL RAND CL A            COM              G4776G101     6652    98000 SH       SOLE                    96550     1350      100
INGERSOLL RAND CL A            COM              G4776G101      302     4450 SH       DEFINED                  4450        0        0
ABBOTT LABS                    COM              002824100     3079    66107 SH       SOLE                    64707      700      700
ABBOTT LABS                    COM              002824100      298     6416 SH       DEFINED                  5816        0      600
ALCOA INC                      COM              013817101      582    15340 SH       SOLE                    14990      350        0
ALCOA INC                      COM              013817101        3      100 SH       DEFINED                   100        0        0
ALTRIA GROUP INC               COM              02209S103      364     6700 SH       SOLE                     5700      400      600
ALTRIA GROUP INC               COM              02209S103      163     3000 SH       DEFINED                  3000        0        0
AMERICAN INTERNATIONAL GRP     COM              026874107    10576   159591 SH       SOLE                   158075     1236      280
AMERICAN INTERNATIONAL GRP     COM              026874107      471     7109 SH       DEFINED                  7109        0        0
AMGEN INC                      COM              031162100     1228    19887 SH       SOLE                    19887        0        0
AMGEN INC                      COM              031162100        7      120 SH       DEFINED                   120        0        0
APPLIED MATLS INC              COM              038222105      241    10748 SH       SOLE                    10748        0        0
AUTOMATIC DATA PROCESSING      COM              053015103     5961   150497 SH       SOLE                   149297     1000      200
AUTOMATIC DATA PROCESSING      COM              053015103      130     3300 SH       DEFINED                  3300        0        0
AVERY DENNISON CORP            COM              053611109     2876    51355 SH       SOLE                    50905      400       50
AVERY DENNISON CORP            COM              053611109       33      600 SH       DEFINED                   600        0        0
BP PLC - SPONS                 ADR              055622104     6275   127190 SH       SOLE                   123040     1350     2800
BP PLC - SPONS                 ADR              055622104     1245    25237 SH       DEFINED                  9824      328    15085
BALL CORP                      COM              058498106     8309   139523 SH       SOLE                   139323      200        0
BANK OF AMERICA CORP NEW       COM              060505104     5246    65234 SH       SOLE                    64734      100      400
BANK OF AMERICA CORP NEW       COM              060505104      191     2375 SH       DEFINED                  2175        0      200
BANK ONE CORPORATION           COM              06423A103     8476   185919 SH       SOLE                   185209      410      300
BANK ONE CORPORATION           COM              06423A103      583    12796 SH       DEFINED                  9496        0     3300
BAXTER INTERNATIONAL INC       COM              071813109      337    11055 SH       SOLE                    10855      100      100
BAXTER INTERNATIONAL INC       COM              071813109       27      900 SH       DEFINED                   900        0        0
BELLSOUTH CORP                 COM              079860102     3361   118834 SH       SOLE                   117434     1000      400
BELLSOUTH CORP                 COM              079860102      254     9000 SH       DEFINED                  5200        0     3800
BIOMET INC                     COM              090613100      209     5780 SH       SOLE                     5780        0        0
BIOMET INC                     COM              090613100       17      485 SH       DEFINED                   485        0        0
BIOVIAL CORPORATION            COM              09067J109      214    10000 SH       SOLE                    10000        0        0
BRISTOL-MYERS SQUIBB           COM              110122108     3625   126813 SH       SOLE                   125113      700     1000
BRISTOL-MYERS SQUIBB           COM              110122108      201     7040 SH       DEFINED                  7040        0        0
CATERPILLAR INC.               COM              149123101      398     4804 SH       SOLE                     4804        0        0
CATERPILLAR INC.               COM              149123101       66      800 SH       DEFINED                   800        0        0
CHEVRON TEXACO CORP            COM              166764100     8452    97836 SH       SOLE                    95429      825     1582
CHEVRON TEXACO CORP            COM              166764100      233     2706 SH       DEFINED                  2706        0        0
CISCO SYSTEMS                  COM              17275R102     2812   116112 SH       SOLE                   114312     1600      200
CISCO SYSTEMS                  COM              17275R102       56     2350 SH       DEFINED                  2350        0        0
CITIGROUP INC                  COM              172967101     2427    50003 SH       SOLE                    48520      633      850
CITIGROUP INC                  COM              172967101      117     2425 SH       DEFINED                  2125        0      300
CLOROX CO                      COM              189054109      288     5950 SH       SOLE                     5950        0        0
CLOROX CO                      COM              189054109       58     1200 SH       DEFINED                  1200        0        0
COCA COLA CO                   COM              191216100     2301    45347 SH       SOLE                    44447        0      900
COCA COLA CO                   COM              191216100      172     3400 SH       DEFINED                  3400        0        0
COLGATE PALMOLIVE CO           COM              194162103     1285    25684 SH       SOLE                    25634       50        0
COLGATE PALMOLIVE CO           COM              194162103      110     2200 SH       DEFINED                   600        0     1600
CONOCOPHILLIPS                 COM              20825C104     1486    22675 SH       SOLE                    22275      400        0
CONOCOPHILLIPS                 COM              20825C104       98     1500 SH       DEFINED                  1500        0        0
DNP SELECT INCOME FUND                          23325P104     1499   136803 SH       SOLE                   130973     3230     2600
DNP SELECT INCOME FUND                          23325P104       43     4000 SH       DEFINED                  4000        0        0
DPL INC                        COM              233293109      396    18975 SH       SOLE                    18975        0        0
DEERE & CO                     COM              244199105      448     6900 SH       SOLE                     6900        0        0
DEERE & CO                     COM              244199105       13      200 SH       DEFINED                   200        0        0
DELL INC                       COM              24702R101     1112    32750 SH       SOLE                    32050      600      100
DELL INC                       COM              24702R101       27      800 SH       DEFINED                   800        0        0
DIAMOND HILL INVT GROUP        COM              25264R207      179    25832 SH       SOLE                    25832        0        0
DISNEY WALT COMPANY            COM              254687106     3476   149095 SH       SOLE                   148745      150      200
DISNEY WALT COMPANY            COM              254687106       46     2000 SH       DEFINED                  2000        0        0
DOW CHEM CO                    COM              260543103     2212    53226 SH       SOLE                    53126        0      100
DOW CHEM CO                    COM              260543103       74     1800 SH       DEFINED                   900        0      900
DU PONT E I DE NEMOURS         COM              263534109      399     8700 SH       SOLE                     8700        0        0
DU PONT E I DE NEMOURS         COM              263534109       22      500 SH       DEFINED                   500        0        0
EMERSON ELEC CO                COM              291011104     6358    98207 SH       SOLE                    97457      500      250
EMERSON ELEC CO                COM              291011104      427     6600 SH       DEFINED                  6600        0        0
EXXON MOBIL CORP               COM              30231G102     9226   225028 SH       SOLE                   219316     2692     3020
EXXON MOBIL CORP               COM              30231G102      388     9472 SH       DEFINED                  7952      528      992
FANNIE MAE                     COM              313586109      734     9783 SH       SOLE                     9683       50       50
FANNIE MAE                     COM              313586109       22      300 SH       DEFINED                   300        0        0
FIFTH-THIRD BANCORP            COM              316773100      307     5201 SH       SOLE                     5201        0        0
FIRST MERCHANTS CORP           COM              320817109    25795  1011192 SH       SOLE                   964356    11069    35767
FIRST MERCHANTS CORP           COM              320817109     2935   115059 SH       DEFINED                114279        0      780
FIRST ENERGY CORP              COM              337932107      166     4730 SH       SOLE                     4730        0        0
FIRST ENERGY CORP              COM              337932107       35     1000 SH       DEFINED                  1000        0        0
GANNETT COMPANY INC            COM              364730101     2595    29109 SH       SOLE                    29009        0      100
GANNETT COMPANY INC            COM              364730101       37      425 SH       DEFINED                   425        0        0
GENERAL ELEC CO                COM              369604103    13901   448887 SH       SOLE                   443137     3150     2600
GENERAL ELEC CO                COM              369604103      958    30950 SH       DEFINED                 25250        0     5700
GENERAL MTRS CORP              COM              370442105      352     6605 SH       SOLE                     6255        0      350
GENERAL MTRS CORP              COM              370442105       10      200 SH       DEFINED                   200        0        0
GILLETTE CO                    COM              375766102      640    17444 SH       SOLE                    17344      100        0
GILLETTE CO                    COM              375766102       36     1000 SH       DEFINED                  1000        0        0
GOLDEN WEST FINL CORP DEL      COM              381317106      247     2400 SH       SOLE                     2400        0        0
HARSCO CORP                    COM              415864107      880    20100 SH       SOLE                    20100        0        0
HEINZ H J CO                   COM              423074103      245     6750 SH       SOLE                     6750        0        0
HEWLETT PACKARD CO             COM              428236103     3522   153403 SH       SOLE                   151324     1563      516
HEWLETT PACKARD CO             COM              428236103      258    11248 SH       DEFINED                 11248        0        0
HOME DEPOT INC                 COM              437076102      498    14048 SH       SOLE                    13848      100      100
HOME DEPOT INC                 COM              437076102       35     1000 SH       DEFINED                  1000        0        0
HONEYWELL INTL INC             COM              438516106      175     5250 SH       SOLE                     5250        0        0
HONEYWELL INTL INC             COM              438516106       40     1200 SH       DEFINED                  1200        0        0
HUNTINGTON BANCSHARES INC      COM              446150104      248    11044 SH       SOLE                    11044        0        0
HUNTINGTON BANCSHARES INC      COM              446150104      217     9664 SH       DEFINED                  9664        0        0
ILLINOIS TOOL WORKS INC        COM              452308109      683     8145 SH       SOLE                     8145        0        0
INTEL CORP                     COM              458140100    13326   415919 SH       SOLE                   411299     4020      600
INTEL CORP                     COM              458140100      773    24151 SH       DEFINED                 24151        0        0
INTL BUSINESS MACHINES CORP    COM              459200101     4745    51200 SH       SOLE                    49700      650      850
INTL BUSINESS MACHINES CORP    COM              459200101      149     1609 SH       DEFINED                  1609        0        0
J P MORGAN CHASE & CO          COM              46625H100     3004    81820 SH       SOLE                    81075       75      670
J P MORGAN CHASE & CO          COM              46625H100      339     9235 SH       DEFINED                  2635        0     6600
JARDEN CORPORATION             COM              471109108      269     9870 SH       SOLE                     9870        0        0
JOHNSON & JOHNSON              COM              478160104     8501   164608 SH       SOLE                   162158     1650      800
JOHNSON & JOHNSON              COM              478160104      826    16000 SH       DEFINED                 15600        0      400
KELLOGG CO                     COM              487836108      280     7360 SH       SOLE                     7360        0        0
KIMBERLY CLARK CORP            COM              494368103     5026    85059 SH       SOLE                    84359      500      200
KIMBERLY CLARK CORP            COM              494368103       79     1350 SH       DEFINED                  1350        0        0
LANCASTER COLONY CORP          COM              513847103      396     8775 SH       SOLE                     8775        0        0
LILLY ELI & CO                 COM              532457108     9018   128229 SH       SOLE                   124774     1655     1800
LILLY ELI & CO                 COM              532457108      689     9804 SH       DEFINED                  9804        0        0
LINCOLN NATL CORP IND          COM              534187109      248     6152 SH       SOLE                     6002      150        0
LINCOLN NATL CORP IND          COM              534187109       68     1700 SH       DEFINED                  1700        0        0
LOWE'S COMPANIES INC           COM              548661107     5584   100835 SH       SOLE                    98335     2500        0
LOWE'S COMPANIES INC           COM              548661107       76     1380 SH       DEFINED                  1380        0        0
MARSH & MCLENNAN COS INC       COM              571748102      323     6750 SH       SOLE                     6550      200        0
MARSH SUPERMARKETS INC CL B    COM              571783208     1489   137945 SH       SOLE                   137945        0        0
MARSH SUPERMARKETS INC CL A    COM              571783307     3160   291251 SH       SOLE                   291251        0        0
MASCO CORP                     COM              574599106     1450    52933 SH       SOLE                    52433      500        0
MASCO CORP                     COM              574599106       63     2300 SH       DEFINED                  2300        0        0
MAY DEPARTMENT STORES          COM              577778103     1643    56548 SH       SOLE                    56548        0        0
MAY DEPARTMENT STORES          COM              577778103      139     4800 SH       DEFINED                  4800        0        0
MCDONALDS CORP                 COM              580135101     2622   105645 SH       SOLE                   104045     1300      300
MCDONALDS CORP                 COM              580135101      193     7800 SH       DEFINED                  7800        0        0
MCGRAW HILL COS INC            COM              580645109     1750    25035 SH       SOLE                    24635      400        0
MCGRAW HILL COS INC            COM              580645109       13      200 SH       DEFINED                   200        0        0
MEDTRONIC INCORPORATED         COM              585055106      784    16139 SH       SOLE                    16139        0        0
MERCK & CO INC                 COM              589331107     4606    99709 SH       SOLE                    98309      900      500
MERCK & CO INC                 COM              589331107      398     8622 SH       DEFINED                  8622        0        0
MERRILL LYNCH & CO INC         COM              590188108     1255    21410 SH       SOLE                    21410        0        0
MERRILL LYNCH & CO INC         COM              590188108       46      800 SH       DEFINED                   800        0        0
MICROSOFT CORPORATION          COM              594918104     7613   278259 SH       SOLE                   275559     2200      500
MICROSOFT CORPORATION          COM              594918104      462    16900 SH       DEFINED                 16900        0        0
MORGAN STANLEY DEAN WITTER     COM              617446448      415     7174 SH       SOLE                     7124       50        0
MOTOROLA INC                   COM              620076109      189    13500 SH       SOLE                    13500        0        0
MOTOROLA INC                   COM              620076109      107     7650 SH       DEFINED                  7650        0        0
NATIONAL CITY CORP             COM              635405103     1946    57382 SH       SOLE                    27382        0    30000
NEWELL RUBBERMAID INC          COM              651229106      254    11178 SH       SOLE                    10778      400        0
NEWELL RUBBERMAID INC          COM              651229106       13      600 SH       DEFINED                   600        0        0
NISOURCE INC                   COM              65473P105      262    11970 SH       SOLE                    11970        0        0
NISOURCE INC                   COM              65473P105       43     2000 SH       DEFINED                  2000        0        0
NORTHROP GRUMMAN CORP          COM              666807102     1469    15375 SH       SOLE                    15375        0        0
NORTHROP GRUMMAN CORP          COM              666807102       30      321 SH       DEFINED                   321        0        0
OLD NATIONAL BANCORP           COM              680033107     2094    91707 SH       SOLE                    91707        0        0
OLD NATIONAL BANCORP           COM              680033107      112     4942 SH       DEFINED                  4942        0        0
OMNICOM GROUP INC              COM              681919106      187     2150 SH       SOLE                     2150        0        0
OMNICOM GROUP INC              COM              681919106       26      300 SH       DEFINED                   300        0        0
PEPSICO INC                    COM              713448108     7302   156671 SH       SOLE                   153371      700     2600
PEPSICO INC                    COM              713448108      501    10765 SH       DEFINED                 10765        0        0
PFIZER INC                     COM              717081103     4433   125529 SH       SOLE                   122409     1370     1750
PFIZER INC                     COM              717081103      113     3210 SH       DEFINED                  2010     1200        0
PITNEY BOWES INC               COM              724479100      832    20511 SH       SOLE                    20511        0        0
PITNEY BOWES INC               COM              724479100       40     1000 SH       DEFINED                  1000        0        0
POLARIS INDS INC               COM              731068102      265     3000 SH       SOLE                     3000        0        0
PROCTER & GAMBLE CO            COM              742718109     6862    68706 SH       SOLE                    68106      500      100
PROCTER & GAMBLE CO            COM              742718109      334     3350 SH       DEFINED                  1850        0     1500
SBC COMMUNICATIONS INC         COM              78387G103     3347   128443 SH       SOLE                   126593     1400      450
SBC COMMUNICATIONS INC         COM              78387G103      274    10524 SH       DEFINED                  3792        0     6732
SARA LEE CORP                  COM              803111103     4158   191619 SH       SOLE                   189519     2100        0
SARA LEE CORP                  COM              803111103      234    10800 SH       DEFINED                 10800        0        0
SCHLUMBERGER LTD               COM              806857108     4141    75685 SH       SOLE                    74660      825      200
SCHLUMBERGER LTD               COM              806857108      145     2650 SH       DEFINED                  2650        0        0
SOUTHERN CO                    COM              842587107     1947    64370 SH       SOLE                    61270       50     3050
SOUTHERN CO                    COM              842587107      119     3950 SH       DEFINED                  3950        0        0
SOUTHTRUST CORP                COM              844730101      927    28333 SH       SOLE                    27933      400        0
SOUTHTRUST CORP                COM              844730101        9      300 SH       DEFINED                   300        0        0
SUNGARD DATA SYSTEMS INC       COM              867363103     1278    46155 SH       SOLE                    43955     2200        0
SUNGARD DATA SYSTEMS INC       COM              867363103        5      200 SH       DEFINED                   200        0        0
SYSCO CORP                     COM              871829107     8913   239487 SH       SOLE                   237887     1000      600
SYSCO CORP                     COM              871829107      416    11200 SH       DEFINED                 11200        0        0
TECO ENERGY                    COM              872375100      191    13320 SH       DEFINED                  6320        0     7000
TARGET CORP                    COM              87612E106     2710    70617 SH       SOLE                    70167      150      300
TARGET CORP                    COM              87612E106       61     1600 SH       DEFINED                  1600        0        0
3M COMPANY                     COM              88579Y101     1220    14351 SH       SOLE                    14351        0        0
3M COMPANY                     COM              88579Y101      229     2700 SH       DEFINED                   300        0     2400
US BANCORP DEL                 COM              902973304      228     7680 SH       SOLE                     7680        0        0
UNION PLANTERS CORPORATION     COM              908068109      377    12000 SH       DEFINED                 12000        0        0
UNITED TECHNOLOGIES CORP       COM              913017109    10222   107869 SH       SOLE                   106769      900      200
UNITED TECHNOLOGIES CORP       COM              913017109      108     1150 SH       DEFINED                  1150        0        0
UNITRIN INC                    COM              913275103     1326    32040 SH       SOLE                    32040        0        0
VECTREN CORP                   COM              92240G101     2066    83864 SH       SOLE                    78725     2439     2700
VECTREN CORP                   COM              92240G101      130     5282 SH       DEFINED                  4217        0     1065
VERIZON COMMUNICATIONS INC     COM              92343V104     5319   151691 SH       SOLE                   148507     2562      622
VERIZON COMMUNICATIONS INC     COM              92343V104      413    11790 SH       DEFINED                  7484      366     3940
VIACOM INC CL B                COM              925524308      307     6920 SH       SOLE                     5835        0     1085
WACHOVIA CORP 2ND NEW          COM              929903102     1134    24357 SH       SOLE                    23307      900      150
WACHOVIA CORP 2ND NEW          COM              929903102      200     4300 SH       DEFINED                  4300        0        0
WAL MART STORES INC            COM              931142103     6584   124144 SH       SOLE                   122964     1180        0
WAL MART STORES INC            COM              931142103      543    10250 SH       DEFINED                 10250        0        0
WALGREEN COMPANY               COM              931422109      226     6221 SH       SOLE                     6221        0        0
WALGREEN COMPANY               COM              931422109       21      600 SH       DEFINED                   600        0        0
WASHINGTON MUTUAL INC          COM              939322103     1177    29352 SH       SOLE                    28552      350      450
WASHINGTON MUTUAL INC          COM              939322103       76     1900 SH       DEFINED                  1500        0      400
WELLS FARGO & CO  (NEW)        COM              949746101     8007   135997 SH       SOLE                   134947      750      300
WELLS FARGO & CO  (NEW)        COM              949746101      203     3450 SH       DEFINED                  3150        0      300
WEYERHAEUSER CO                COM              962166104     4441    69393 SH       SOLE                    68993      300      100
WEYERHAEUSER CO                COM              962166104       70     1100 SH       DEFINED                  1100        0        0
WYETH                          COM              983024100     6697   157774 SH       SOLE                   154974      600     2200
WYETH                          COM              983024100      118     2800 SH       DEFINED                   400        0     2400

 GRAND TOTALS                                               363362  9328839                                9077297    76256   175286
</TABLE>