<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     5389   100875 SH       SOLE                    99425     1350      100
INGERSOLL RAND CL A                COM          G4776G101      237     4450 SH       DEFINED                  4450        0        0
ABBOTT LABS                        COM          002824100     2371    55748 SH       SOLE                    54598      600      550
ABBOTT LABS                        COM          002824100       77     1816 SH       DEFINED                  1516        0      300
ALCOA INC                          COM          013817101      310    11890 SH       SOLE                    11690      200        0
ALTRIA GROUP INC                   COM          02209S103      324     7400 SH       SOLE                     6300      500      600
ALTRIA GROUP INC                   COM          02209S103      131     3000 SH       DEFINED                  3000        0        0
AMERICAN INTERNATIONAL GRP         COM          026874107     9320   161531 SH       SOLE                   160015     1236      280
AMERICAN INTERNATIONAL GRP         COM          026874107      410     7109 SH       DEFINED                  7109        0        0
APPLIED MATLS INC                  COM          038222105      230    12748 SH       SOLE                    12748        0        0
AUTOMATIC DATA PROCESSING          COM          053015103     5404   150797 SH       SOLE                   149597     1000      200
AUTOMATIC DATA PROCESSING          COM          053015103      118     3300 SH       DEFINED                  3300        0        0
AVERY DENNISON CORP                COM          053611109     2609    51655 SH       SOLE                    51205      400       50
AVERY DENNISON CORP                COM          053611109       30      600 SH       DEFINED                   600        0        0
BP PLC - SPONS                     ADR          055622104     5406   128443 SH       SOLE                   123718     1925     2800
BP PLC - SPONS                     ADR          055622104     1079    25637 SH       DEFINED                 10224      328    15085
BALL CORP                          COM          058498106     7419   137398 SH       SOLE                   137198      200        0
BANK OF AMERICA CORP NEW           COM          060505104     4983    63853 SH       SOLE                    63353      100      400
BANK OF AMERICA CORP NEW           COM          060505104      185     2375 SH       DEFINED                  2175        0      200
BANK ONE CORPORATION               COM          06423A103     7277   188331 SH       SOLE                   187621      410      300
BANK ONE CORPORATION               COM          06423A103      571    14796 SH       DEFINED                 11496        0     3300
BAXTER INTERNATIONAL INC           COM          071813109      279     9605 SH       SOLE                     9405      100      100
BAXTER INTERNATIONAL INC           COM          071813109       26      900 SH       DEFINED                   900        0        0
BELLSOUTH CORP                     COM          079860102     3010   127143 SH       SOLE                   125343     1400      400
BELLSOUTH CORP                     COM          079860102      213     9000 SH       DEFINED                  5200        0     3800
BIOMET INC                         COM          090613100      193     5780 SH       SOLE                     5780        0        0
BIOMET INC                         COM          090613100       16      485 SH       DEFINED                   485        0        0
BRISTOL-MYERS SQUIBB               COM          110122108     3194   124552 SH       SOLE                   122752      800     1000
BRISTOL-MYERS SQUIBB               COM          110122108      180     7040 SH       DEFINED                  7040        0        0
CATERPILLAR INC.                   COM          149123101      310     4504 SH       SOLE                     4504        0        0
CATERPILLAR INC.                   COM          149123101       55      800 SH       DEFINED                   800        0        0
CHEVRON TEXACO CORP                COM          166764100     6887    96397 SH       SOLE                    93990      825     1582
CHEVRON TEXACO CORP                COM          166764100      186     2606 SH       DEFINED                  2606        0        0
CISCO SYSTEMS                      COM          17275R102     2052   104752 SH       SOLE                   102952     1600      200
CISCO SYSTEMS                      COM          17275R102       46     2350 SH       DEFINED                  2350        0        0
CITIGROUP INC                      COM          172967101     1722    37851 SH       SOLE                    37118      533      200
CITIGROUP INC                      COM          172967101      103     2275 SH       DEFINED                  1975        0      300
CLOROX CO                          COM          189054109      268     5850 SH       SOLE                     5850        0        0
CLOROX CO                          COM          189054109       55     1200 SH       DEFINED                  1200        0        0
COCA COLA CO                       COM          191216100     2067    48129 SH       SOLE                    47229        0      900
COCA COLA CO                       COM          191216100       17      400 SH       DEFINED                   400        0        0
COLGATE PALMOLIVE CO               COM          194162103     1474    26384 SH       SOLE                    26334       50        0
COLGATE PALMOLIVE CO               COM          194162103      122     2200 SH       DEFINED                   600        0     1600
CONOCOPHILLIPS                     COM          20825C104     1099    20075 SH       SOLE                    19775      300        0
CONOCOPHILLIPS                     COM          20825C104       65     1200 SH       DEFINED                  1200        0        0
DNP SELECT INCOME FUND                          23325P104     1526   144403 SH       SOLE                   133473     3230     7700
DNP SELECT INCOME FUND                          23325P104       42     4000 SH       DEFINED                  4000        0        0
DPL INC                            COM          233293109      333    19445 SH       SOLE                    19445        0        0
DISNEY WALT COMPANY                COM          254687106     3056   151605 SH       SOLE                   151255      150      200
DISNEY WALT COMPANY                COM          254687106       40     2000 SH       DEFINED                  2000        0        0
DOW CHEM CO                        COM          260543103     1731    53226 SH       SOLE                    53126        0      100
DOW CHEM CO                        COM          260543103       58     1800 SH       DEFINED                   900        0      900
DU PONT E I DE NEMOURS             COM          263534109      316     7900 SH       SOLE                     7900        0        0
DU PONT E I DE NEMOURS             COM          263534109       20      500 SH       DEFINED                   500        0        0
EMC CORPORATION                    COM          268648102      578    45796 SH       SOLE                    45096      700        0
EMC CORPORATION                    COM          268648102       20     1600 SH       DEFINED                  1600        0        0
EMERSON ELEC CO                    COM          291011104     5269   100085 SH       SOLE                    99335      500      250
EMERSON ELEC CO                    COM          291011104      350     6650 SH       DEFINED                  6650        0        0
EXXON MOBIL CORP                   COM          30231G102     8161   223046 SH       SOLE                   217234     2792     3020
EXXON MOBIL CORP                   COM          30231G102      346     9472 SH       DEFINED                  7952      528      992
FANNIE MAE                         COM          313586109      686     9783 SH       SOLE                     9683       50       50
FANNIE MAE                         COM          313586109       21      300 SH       DEFINED                   300        0        0
FIFTH-THIRD BANCORP                COM          316773100      288     5201 SH       SOLE                     5201        0        0
FIRST MERCHANTS CORP               COM          320817109    23418   915132 SH       SOLE                   869992    12540    32600
FIRST MERCHANTS CORP               COM          320817109     2944   115059 SH       DEFINED                114279        0      780
GANNETT COMPANY INC                COM          364730101     2166    27930 SH       SOLE                    27930        0        0
GANNETT COMPANY INC                COM          364730101       32      425 SH       DEFINED                   425        0        0
GENERAL ELEC CO                    COM          369604103    13426   450552 SH       SOLE                   444702     3250     2600
GENERAL ELEC CO                    COM          369604103      922    30950 SH       DEFINED                 25250        0     5700
GENERAL MTRS CORP                  COM          370442105      285     6987 SH       SOLE                     6637        0      350
GENERAL MTRS CORP                  COM          370442105        8      200 SH       DEFINED                   200        0        0
GILLETTE CO                        COM          375766102      568    17794 SH       SOLE                    17694      100        0
GILLETTE CO                        COM          375766102       31     1000 SH       DEFINED                  1000        0        0
GOLDEN WEST FINL CORP DEL          COM          381317106      214     2400 SH       SOLE                     2400        0        0
HARSCO CORP                        COM          415864107      804    20900 SH       SOLE                    20900        0        0
HEINZ H J CO                       COM          423074103      236     6900 SH       SOLE                     6900        0        0
HEWLETT PACKARD CO                 COM          428236103     2969   153403 SH       SOLE                   151324     1563      516
HEWLETT PACKARD CO                 COM          428236103      217    11248 SH       DEFINED                 11248        0        0
HOME DEPOT INC                     COM          437076102      395    12436 SH       SOLE                    12236      100      100
HOME DEPOT INC                     COM          437076102       31     1000 SH       DEFINED                  1000        0        0
HUNTINGTON BANCSHARES INC          COM          446150104      219    11044 SH       SOLE                    11044        0        0
HUNTINGTON BANCSHARES INC          COM          446150104      191     9664 SH       DEFINED                  9664        0        0
ILLINOIS TOOL WORKS INC            COM          452308109      562     8485 SH       SOLE                     8485        0        0
INTEL CORP                         COM          458140100     9955   361769 SH       SOLE                   356549     4620      600
INTEL CORP                         COM          458140100      686    24951 SH       DEFINED                 24951        0        0
INTL BUSINESS MACHINES CORP        COM          459200101     4581    51873 SH       SOLE                    50423      600      850
INTL BUSINESS MACHINES CORP        COM          459200101      142     1609 SH       DEFINED                  1609        0        0
J P MORGAN CHASE & CO              COM          46625H100     2728    79506 SH       SOLE                    78761       75      670
J P MORGAN CHASE & CO              COM          46625H100      344    10035 SH       DEFINED                  2635        0     7400
JARDEN CORPORATION                 COM          471109108      248     6580 SH       SOLE                     6580        0        0
JOHNSON & JOHNSON                  COM          478160104     8087   163327 SH       SOLE                   160877     1650      800
JOHNSON & JOHNSON                  COM          478160104      792    16000 SH       DEFINED                 15600        0      400
KELLOGG CO                         COM          487836108      245     7360 SH       SOLE                     7360        0        0
KIMBERLY CLARK CORP                COM          494368103     4318    84159 SH       SOLE                    83559      400      200
KIMBERLY CLARK CORP                COM          494368103       69     1350 SH       DEFINED                  1350        0        0
LANCASTER COLONY CORP              COM          513847103      350     8775 SH       SOLE                     8775        0        0
LILLY ELI & CO                     COM          532457108     7696   129574 SH       SOLE                   126119     1655     1800
LILLY ELI & CO                     COM          532457108      609    10268 SH       DEFINED                 10268        0        0
LINCOLN NATL CORP IND              COM          534187109      406    11502 SH       SOLE                    11102      400        0
LINCOLN NATL CORP IND              COM          534187109       60     1700 SH       DEFINED                  1700        0        0
LOWE'S COMPANIES INC               COM          548661107     5385   103760 SH       SOLE                   100760     3000        0
LOWE'S COMPANIES INC               COM          548661107       82     1580 SH       DEFINED                  1580        0        0
MARSH & MCLENNAN COS INC           COM          571748102      334     7025 SH       SOLE                     6825      200        0
MARSH SUPERMARKETS INC CL B        COM          571783208     1550   139093 SH       SOLE                   139093        0        0
MARSH SUPERMARKETS INC CL A        COM          571783307     3216   292400 SH       SOLE                   292400        0        0
MASCO CORP                         COM          574599106     1283    52433 SH       SOLE                    51933      500        0
MASCO CORP                         COM          574599106       56     2300 SH       DEFINED                  2300        0        0
MAY DEPARTMENT STORES              COM          577778103     1512    61419 SH       SOLE                    61419        0        0
MAY DEPARTMENT STORES              COM          577778103      118     4800 SH       DEFINED                  4800        0        0
MCDONALDS CORP                     COM          580135101     2542   108045 SH       SOLE                   106445     1300      300
MCDONALDS CORP                     COM          580135101      183     7800 SH       DEFINED                  7800        0        0
MCGRAW HILL COS INC                COM          580645109     1555    25035 SH       SOLE                    24635      400        0
MCGRAW HILL COS INC                COM          580645109       12      200 SH       DEFINED                   200        0        0
MEDTRONIC INCORPORATED             COM          585055106      713    15208 SH       SOLE                    15208        0        0
MERCK & CO INC                     COM          589331107     4792    94689 SH       SOLE                    93439     1050      200
MERCK & CO INC                     COM          589331107      436     8622 SH       DEFINED                  8622        0        0
MERRILL LYNCH & CO INC             COM          590188108     1082    20225 SH       SOLE                    20225        0        0
MERRILL LYNCH & CO INC             COM          590188108       42      800 SH       DEFINED                   800        0        0
MICROSOFT CORPORATION              COM          594918104     7481   269216 SH       SOLE                   266516     2200      500
MICROSOFT CORPORATION              COM          594918104      469    16900 SH       DEFINED                 16900        0        0
MORGAN STANLEY DEAN WITTER         COM          617446448      361     7174 SH       SOLE                     7124       50        0
MOTOROLA INC                       COM          620076109       59     4950 SH       SOLE                     4950        0        0
MOTOROLA INC                       COM          620076109       91     7650 SH       DEFINED                  7650        0        0
NATIONAL CITY CORP                 COM          635405103     1719    58392 SH       SOLE                    28392        0    30000
NISOURCE INC                       COM          65473P105      181     9101 SH       SOLE                     9101        0        0
NISOURCE INC                       COM          65473P105       39     2000 SH       DEFINED                  2000        0        0
NORTHROP GRUMMAN CORP              COM          666807102     1325    15375 SH       SOLE                    15375        0        0
NORTHROP GRUMMAN CORP              COM          666807102       27      321 SH       DEFINED                   321        0        0
OLD NATIONAL BANCORP               COM          680033107     1971    88232 SH       SOLE                    88232        0        0
OLD NATIONAL BANCORP               COM          680033107      110     4942 SH       DEFINED                  4942        0        0
PEPSICO INC                        COM          713448108     7048   153835 SH       SOLE                   150535      700     2600
PEPSICO INC                        COM          713448108      493    10765 SH       DEFINED                 10765        0        0
PFIZER INC                         COM          717081103     3326   109484 SH       SOLE                   106664     1170     1650
PFIZER INC                         COM          717081103       91     3010 SH       DEFINED                  1810     1200        0
PITNEY BOWES INC                   COM          724479100      778    20311 SH       SOLE                    20311        0        0
PITNEY BOWES INC                   COM          724479100       38     1000 SH       DEFINED                  1000        0        0
POLARIS INDS INC                   COM          731068102      222     3000 SH       SOLE                     3000        0        0
PROCTER & GAMBLE CO                COM          742718109     6574    70828 SH       SOLE                    70228      500      100
PROCTER & GAMBLE CO                COM          742718109      310     3350 SH       DEFINED                  1850        0     1500
SBC COMMUNICATIONS INC             COM          78387G103     3164   142211 SH       SOLE                   139961     1800      450
SBC COMMUNICATIONS INC             COM          78387G103      247    11124 SH       DEFINED                  4292        0     6832
SARA LEE CORP                      COM          803111103     3477   189419 SH       SOLE                   187319     2100        0
SARA LEE CORP                      COM          803111103      198    10800 SH       DEFINED                 10800        0        0
SCHLUMBERGER LTD                   COM          806857108     3655    75528 SH       SOLE                    74503      825      200
SCHLUMBERGER LTD                   COM          806857108      123     2550 SH       DEFINED                  2550        0        0
SOUTHERN CO                        COM          842587107     1626    55420 SH       SOLE                    53170      300     1950
SOUTHERN CO                        COM          842587107      115     3950 SH       DEFINED                  3950        0        0
SOUTHTRUST CORP                    COM          844730101      365    12433 SH       SOLE                    12233      200        0
SUNGARD DATA SYSTEMS INC           COM          867363103     1187    45155 SH       SOLE                    42955     2200        0
SUNGARD DATA SYSTEMS INC           COM          867363103        5      200 SH       DEFINED                   200        0        0
SYSCO CORP                         COM          871829107     8162   249612 SH       SOLE                   247812     1000      800
SYSCO CORP                         COM          871829107      379    11600 SH       DEFINED                 11600        0        0
TECO ENERGY                        COM          872375100      184    13320 SH       DEFINED                  6320        0     7000
TARGET CORP                        COM          87612E106     2530    67245 SH       SOLE                    66795      150      300
TARGET CORP                        COM          87612E106       60     1600 SH       DEFINED                  1600        0        0
3M COMPANY                         COM          88579Y101      980    14196 SH       SOLE                    13996      200        0
3M COMPANY                         COM          88579Y101      186     2700 SH       DEFINED                   300        0     2400
UNION PLANTERS CORPORATION         COM          908068109      379    12000 SH       DEFINED                 12000        0        0
UNITED TECHNOLOGIES CORP           COM          913017109     8747   113189 SH       SOLE                   112089      900      200
UNITED TECHNOLOGIES CORP           COM          913017109       92     1200 SH       DEFINED                  1200        0        0
UNITRIN INC                        COM          913275103      975    32040 SH       SOLE                    32040        0        0
VECTREN CORP                       COM          92240G101     1267    53664 SH       SOLE                    48925     2439     2300
VECTREN CORP                       COM          92240G101      103     4382 SH       DEFINED                  3317        0     1065
VERIZON COMMUNICATIONS INC         COM          92343V104     5286   163013 SH       SOLE                   159151     2900      962
VERIZON COMMUNICATIONS INC         COM          92343V104      408    12590 SH       DEFINED                  7484      366     4740
WACHOVIA CORP 2ND NEW              COM          929903102      689    16750 SH       SOLE                    16400      350        0
WAL MART STORES INC                COM          931142103     6879   123192 SH       SOLE                   122012     1180        0
WAL MART STORES INC                COM          931142103      583    10450 SH       DEFINED                 10450        0        0
WASHINGTON MUTUAL INC              COM          939322103      931    23654 SH       SOLE                    22854      350      450
WASHINGTON MUTUAL INC              COM          939322103       64     1650 SH       DEFINED                  1650        0        0
WELLS FARGO & CO  (NEW)            COM          949746101     7014   136200 SH       SOLE                   135150      750      300
WELLS FARGO & CO  (NEW)            COM          949746101      167     3250 SH       DEFINED                  2950        0      300
WEYERHAEUSER CO                    COM          962166104     4054    69368 SH       SOLE                    68968      300      100
WEYERHAEUSER CO                    COM          962166104       64     1100 SH       DEFINED                  1100        0        0
WYETH                              COM          983024100     7216   156574 SH       SOLE                   153774      600     2200
WYETH                              COM          983024100      129     2800 SH       DEFINED                   400        0     2400

 GRAND TOTALS                                               320610  8987288                                8732724    79940   174624
</TABLE>