<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            BERMUDA          G4776G101     4089   105985 SH       SOLE                   104535     1350      100
ABBOTT LABS                    COM              002824100      739    19670 SH       SOLE                    19670        0        0
AMERICAN INTERNATIONAL GRP     COM              026874107     8006   161916 SH       SOLE                   159901     1236      779
AMERICAN INTERNATIONAL GRP     COM              026874107      290     5869 SH       DEFINED                  5869        0        0
APPLIED MATLS INC              COM              038222105      164    13048 SH       SOLE                    12600        0      448
AUTOMATIC DATA PROCESSING      COM              053015103     4646   150922 SH       SOLE                   149147     1000      775
AVERY DENNISON CORP            COM              053611109     2819    48060 SH       SOLE                    47535      400      125
BP PLC - SPONS                 ADR              055622104     3861   100053 SH       SOLE                    94965     2378     2710
BP PLC - SPONS                 ADR              055622104      980    25414 SH       DEFINED                 12114        0    13300
BALL CORP                      COM              058498106     7981   143290 SH       SOLE                   143090      200        0
BANK OF AMERICA CORP NEW       COM              060505104     3957    59210 SH       SOLE                    58660       50      500
BANK ONE CORPORATION           COM              06423A103     3882   112183 SH       SOLE                   111583      300      300
BELLSOUTH CORP                 COM              079860102     2666   123102 SH       SOLE                   120802     1400      900
BRISTOL-MYERS SQUIBB           COM              110122108     2356   111562 SH       SOLE                   108662      700     2200
CHEVRON TEXACO CORP            COM              166764100     5021    77678 SH       SOLE                    75762      750     1166
CISCO SYSTEMS                  COM              17275R102     1319   101630 SH       SOLE                    98938     1600     1092
COCA COLA CO                   COM              191216100      901    22281 SH       SOLE                    22181        0      100
COLGATE PALMOLIVE CO           COM              194162103     1133    20831 SH       SOLE                    20500        0      331
CONOCOPHILLIPS                 COM              20825C104      445     8320 SH       SOLE                     8320        0        0
DISNEY WALT COMPANY            COM              254687106     2494   146560 SH       SOLE                   144810      150     1600
DOW CHEM CO                    COM              260543103     1383    50122 SH       SOLE                    50022        0      100
DUKE ENERGY CORP               COM              264399106      754    51862 SH       SOLE                    51362        0      500
EMC CORPORATION                COM              268648102      554    76656 SH       SOLE                    74390     1600      666
EMERSON ELEC CO                COM              291011104     4405    97158 SH       SOLE                    95987      500      671
EMERSON ELEC CO                COM              291011104      346     7650 SH       DEFINED                  7650        0        0
EXXON MOBIL CORP               COM              30231G102     5446   155833 SH       SOLE                   149365     2292     4176
EXXON MOBIL CORP               COM              30231G102      226     6488 SH       DEFINED                  5496        0      992
FANNIE MAE                     COM              313586109      300     4600 SH       SOLE                     4600        0        0
FIFTH-THIRD BANCORP            COM              316773100      262     5226 SH       SOLE                     4700        0      526
FIRST MERCHANTS CORP           COM              320817109    15280   670178 SH       SOLE                   630117    10895    29166
FIRST MERCHANTS CORP           COM              320817109     2413   105858 SH       DEFINED                105115        0      743
GANNETT COMPANY INC            COM              364730101     1801    25575 SH       SOLE                    25575        0        0
GENERAL ELEC CO                COM              369604103    10063   394633 SH       SOLE                   387290     3000     4343
GENERAL ELEC CO                COM              369604103      521    20450 SH       DEFINED                 20450        0        0
GILLETTE CO                    COM              375766102      219     7094 SH       SOLE                     7094        0        0
HARSCO CORP                    COM              415864107      655    21500 SH       SOLE                    21500        0        0
HEINZ H J CO                   COM              423074103      210     7200 SH       SOLE                     5700        0     1500
HEWLETT PACKARD CO             COM              428236103     2284   146939 SH       SOLE                   145239     1500      200
HEWLETT PACKARD CO             COM              428236103      161    10397 SH       DEFINED                 10397        0        0
INTEL CORP                     COM              458140100     5833   358554 SH       SOLE                   345135     4520     8899
INTEL CORP                     COM              458140100      435    26751 SH       DEFINED                 26751        0        0
INTL BUSINESS MACHINES CORP    COM              459200101     3435    43807 SH       SOLE                    42091      600     1116
J P MORGAN CHASE & CO          COM              46625H100     1697    71611 SH       SOLE                    71511        0      100
JOHNSON & JOHNSON              COM              478160104     9132   157831 SH       SOLE                   154767     1650     1414
JOHNSON & JOHNSON              COM              478160104      902    15600 SH       DEFINED                 15600        0        0
KIMBERLY CLARK CORP            COM              494368103     3761    82759 SH       SOLE                    81745      400      614
LANCASTER COLONY CORP          COM              513847103      336     8775 SH       SOLE                     8775        0        0
LILLY ELI & CO                 COM              532457108     6136   107373 SH       SOLE                   103791     1580     2002
LILLY ELI & CO                 COM              532457108      529     9268 SH       DEFINED                  9268        0        0
LINCOLN NATL CORP IND          COM              534187109     3184   113730 SH       SOLE                   111630     1450      650
LOWE'S COMPANIES INC           COM              548661107     4186   102575 SH       SOLE                    99175     3000      400
MARSH SUPERMARKETS INC CL B    COM              571783208     1502   141763 SH       SOLE                   141763        0        0
MARSH SUPERMARKETS INC CL A    COM              571783307     3393   295070 SH       SOLE                   295070        0        0
MASCO CORP                     COM              574599106      988    53100 SH       SOLE                    52000      500      600
MAY DEPARTMENT STORES          COM              577778103     1221    61419 SH       SOLE                    61419        0        0
MCDONALDS CORP                 COM              580135101     2080   143863 SH       SOLE                   141463     1300     1100
MCGRAW HILL COS INC            COM              580645109     1385    24920 SH       SOLE                    24120      400      400
MEDTRONIC INCORPORATED         COM              585055106      747    16577 SH       SOLE                    15730        0      847
MERCK & CO INC                 COM              589331107     6059   110627 SH       SOLE                   109148     1050      429
MERCK & CO INC                 COM              589331107      290     5304 SH       DEFINED                  5304        0        0
MERRILL LYNCH & CO INC         COM              590188108      687    19425 SH       SOLE                    19425        0        0
MICROSOFT CORPORATION          COM              594918104     6080   251262 SH       SOLE                   248120     2000     1142
MICROSOFT CORPORATION          COM              594918104      384    15900 SH       DEFINED                 15900        0        0
NATIONAL CITY CORP             COM              635405103      550    19765 SH       SOLE                    19765        0        0
OLD NATIONAL BANCORP           COM              680033107     1898    88748 SH       SOLE                    88748        0        0
PEPSICO INC                    COM              713448108     5376   134410 SH       SOLE                   130410      600     3400
PEPSICO INC                    COM              713448108      422    10565 SH       DEFINED                 10565        0        0
PFIZER INC                     COM              717081103     2340    75147 SH       SOLE                    72636      400     2111
PITNEY BOWES INC               COM              724479100      314     9861 SH       SOLE                     9561        0      300
PROCTER & GAMBLE CO            COM              742718109     5757    64652 SH       SOLE                    63702      450      500
PROCTER & GAMBLE CO            COM              742718109      280     3150 SH       DEFINED                  1550        0     1600
SBC COMMUNICATIONS INC         COM              78387G103     3155   157405 SH       SOLE                   155155     1800      450
SARA LEE CORP                  COM              803111103     3338   178599 SH       SOLE                   176799     1800        0
SARA LEE CORP                  COM              803111103      222    11920 SH       DEFINED                 11920        0        0
SCHERING-PLOUGH CORP           COM              806605101      185    10400 SH       SOLE                    10400        0        0
SCHLUMBERGER LTD               COM              806857108     2801    73728 SH       SOLE                    72450      800      478
SOUTHERN CO                    COM              842587107      461    16235 SH       SOLE                    15985      250        0
SUNGARD DATA SYSTEMS INC       COM              867363103      830    39030 SH       SOLE                    36830     2200        0
SYSCO CORP                     COM              871829107     6361   250152 SH       SOLE                   248352     1000      800
SYSCO CORP                     COM              871829107      361    14200 SH       DEFINED                 14200        0        0
TECO ENERGY                    COM              872375100      343    32295 SH       SOLE                    32295        0        0
TARGET CORP                    COM              87612E106     1755    60020 SH       SOLE                    59420      100      500
3M COMPANY                     COM              88579Y101      757     5825 SH       SOLE                     5725      100        0
UNION PLANTERS CORPORATION     COM              908068109      315    12000 SH       SOLE                    12000        0        0
UNITED TECHNOLOGIES CORP       COM              913017109     6488   112315 SH       SOLE                   111065      900      350
VERIZON COMMUNICATIONS INC     COM              92343V104     5111   144647 SH       SOLE                   141469     2778      400
VERIZON COMMUNICATIONS INC     COM              92343V104      275     7802 SH       DEFINED                  7002        0      800
WACHOVIA CORP 2ND NEW          COM              929903102      204     6000 SH       SOLE                     6000        0        0
WAL MART STORES INC            COM              931142103     6188   118959 SH       SOLE                   117282     1180      497
WAL MART STORES INC            COM              931142103      501     9650 SH       DEFINED                  9650        0        0
WELLS FARGO & CO  (NEW)        COM              949746101     5102   113417 SH       SOLE                   111365      650     1402
WEYERHAEUSER CO                COM              962166104     3262    68230 SH       SOLE                    67130      300      800
WYETH                          COM              983024100     3474    91892 SH       SOLE                    88792      600     2500

 GRAND TOTALS                                               237840  7601886                                7429617    65659   106610
</TABLE>