<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     5573   122100 SH       SOLE                   120650     1350      100
ABBOTT LABS                      COM            002824100      688    18300 SH       SOLE                    18300        0        0
AMERICAN ELECTRIC POWER CO       COM            025537101      211     5291 SH       SOLE                     4921      120      250
AMERICAN INTERNATIONAL GRP       COM            026874107    11091   162588 SH       SOLE                   160173     1136     1279
AMERICAN INTERNATIONAL GRP       COM            026874107      392     5750 SH       DEFINED                  5750        0        0
APPLIED MATLS INC                COM            038222105      225    11848 SH       SOLE                    11400        0      448
AUTOMATIC DATA PROCESSING        COM            053015103     6484   148930 SH       SOLE                   147355      600      975
AUTOMATIC DATA PROCESSING        COM            053015103      291     6700 SH       DEFINED                  6700        0        0
AVERY DENNISON CORP              COM            053611109     3131    49900 SH       SOLE                    49500      400        0
BP AMOCO PLC                     ADR            055622104     5697   112841 SH       SOLE                   107353     2778     2710
BP AMOCO PLC                     ADR            055622104     1382    27386 SH       DEFINED                 14086        0    13300
BALL CORP                        COM            058498106     5976   144124 SH       SOLE                   143924      200        0
BANK OF AMERICA CORP NEW         COM            060505104     4088    58106 SH       SOLE                    57806        0      300
BANK ONE CORPORATION             COM            06423A103     4305   111914 SH       SOLE                   111614        0      300
BANK ONE CORPORATION             COM            06423A103      250     6514 SH       DEFINED                  6514        0        0
BELLSOUTH CORP                   COM            079860102     4280   135874 SH       SOLE                   133574     1400      900
BELLSOUTH CORP                   COM            079860102      258     8200 SH       DEFINED                  8200        0        0
BRISTOL-MYERS SQUIBB             COM            110122108     3272   127320 SH       SOLE                   124420      700     2200
BRISTOL-MYERS SQUIBB             COM            110122108      241     9380 SH       DEFINED                  9380        0        0
CHEVRON TEXACO CORP              COM            166764100     6407    72405 SH       SOLE                    70789      750      866
CISCO SYSTEMS                    COM            17275R102     1686   120910 SH       SOLE                   117418     2400     1092
COCA COLA CO                     COM            191216100     1315    23484 SH       SOLE                    23282      102      100
COLGATE PALMOLIVE CO             COM            194162103     1061    21211 SH       SOLE                    20880        0      331
DISNEY WALT COMPANY              COM            254687106     2973   157396 SH       SOLE                   156146      150     1100
DOW CHEM CO                      COM            260543103     1876    54592 SH       SOLE                    54492        0      100
DUKE ENERGY CORP                 COM            264399106     3384   108862 SH       SOLE                   107562        0     1300
EMC CORPORATION                  COM            268648102      734    97329 SH       SOLE                    95363     1100      866
EMERSON ELEC CO                  COM            291011104     5415   101231 SH       SOLE                   100210      500      521
EMERSON ELEC CO                  COM            291011104      468     8750 SH       DEFINED                  8750        0        0
EXXON MOBIL CORP                 COM            30231G102     6791   166023 SH       SOLE                   159755     2292     3976
EXXON MOBIL CORP                 COM            30231G102      265     6488 SH       DEFINED                  5496        0      992
FANNIE MAE                       COM            313586109      339     4600 SH       SOLE                     4600        0        0
FIFTH-THIRD BANCORP              COM            316773100      348     5226 SH       SOLE                     4700        0      526
FIRST MERCHANTS CORP             COM            320817109    17581   586246 SH       SOLE                   554957     8449    22840
FIRST MERCHANTS CORP             COM            320817109     3363   112139 SH       DEFINED                112139        0        0
FORD MOTOR COMPANY               COM            345370860      198    12410 SH       SOLE                    10236        0     2174
GANNETT COMPANY INC              COM            364730101     1459    19225 SH       SOLE                    19225        0        0
GENERAL ELEC CO                  COM            369604103    11657   401425 SH       SOLE                   393582     2900     4943
GENERAL ELEC CO                  COM            369604103      892    30750 SH       DEFINED                 30750        0        0
GILLETTE CO                      COM            375766102      392    11600 SH       SOLE                    11600        0        0
HARSCO CORP                      COM            415864107      855    22800 SH       SOLE                    22800        0        0
HEINZ H J CO                     COM            423074103      295     7200 SH       SOLE                     5700        0     1500
HEWLETT PACKARD CO               COM            428236103     2579   168814 SH       SOLE                   166614     1500      700
HEWLETT PACKARD CO               COM            428236103      158    10397 SH       DEFINED                 10397        0        0
INTEL CORP                       COM            458140100     6723   368005 SH       SOLE                   353486     4320    10199
INTEL CORP                       COM            458140100      475    26051 SH       DEFINED                 26051        0        0
INTL BUSINESS MACHINES CORP      COM            459200101     3157    43857 SH       SOLE                    42141      600     1116
J P MORGAN CHASE & CO            COM            46625H100     3092    91195 SH       SOLE                    91095        0      100
JOHNSON & JOHNSON                COM            478160104     8390   160593 SH       SOLE                   157129     1650     1814
JOHNSON & JOHNSON                COM            478160104      856    16400 SH       DEFINED                 16400        0        0
KIMBERLY CLARK CORP              COM            494368103     5326    85914 SH       SOLE                    84700      400      814
LILLY ELI & CO                   COM            532457108     6486   115017 SH       SOLE                   110835     1580     2602
LILLY ELI & CO                   COM            532457108      556     9868 SH       DEFINED                  9868        0        0
LINCOLN NATL CORP IND            COM            534187109     5208   124000 SH       SOLE                   121900     1450      650
LINCOLN NATL CORP IND            COM            534187109      277     6600 SH       DEFINED                  6600        0        0
LOWE'S COMPANIES INC             COM            548661107     4586   101020 SH       SOLE                    98020     3000        0
LOWE'S COMPANIES INC             COM            548661107      245     5400 SH       DEFINED                  5400        0        0
MARSH SUPERMARKETS INC CL B      COM            571783208     2047   147323 SH       SOLE                   147323        0        0
MARSH SUPERMARKETS INC CL A      COM            571783307     4584   300628 SH       SOLE                   300628        0        0
MASCO CORP                       COM            574599106     1374    50700 SH       SOLE                    50200      500        0
MAY DEPARTMENT STORES            COM            577778103     2202    66874 SH       SOLE                    66874        0        0
MCDONALDS CORP                   COM            580135101     6017   211498 SH       SOLE                   208398     1600     1500
MCDONALDS CORP                   COM            580135101      318    11200 SH       DEFINED                 11200        0        0
MCGRAW HILL COS INC              COM            580645109     1367    22900 SH       SOLE                    22300      300      300
MEDTRONIC INCORPORATED           COM            585055106      810    18927 SH       SOLE                    18080        0      847
MERCK & CO INC                   COM            589331107     5704   112676 SH       SOLE                   110382     1465      829
MERCK & CO INC                   COM            589331107      419     8293 SH       DEFINED                  8293        0        0
MERRILL LYNCH & CO INC           COM            590188108     1519    37515 SH       SOLE                    37515        0        0
MICROSOFT CORPORATION            COM            594918104     6783   124016 SH       SOLE                   122245      650     1121
MICROSOFT CORPORATION            COM            594918104      467     8550 SH       DEFINED                  8550        0        0
NATIONAL CITY CORP               COM            635405103      621    18700 SH       SOLE                    18700        0        0
OLD NATIONAL BANCORP             COM            680033107     2347    92226 SH       SOLE                    92226        0        0
PEPSICO INC                      COM            713448108     6452   133868 SH       SOLE                   130268      600     3000
PEPSICO INC                      COM            713448108      620    12865 SH       DEFINED                 12865        0        0
PFIZER INC                       COM            717081103     1800    51430 SH       SOLE                    49119      100     2211
PHILIP MORRIS COS                COM            718154107      449    10300 SH       SOLE                     9700      600        0
PROCTER & GAMBLE CO              COM            742718109     6074    68029 SH       SOLE                    67279      450      300
PROCTER & GAMBLE CO              COM            742718109      263     2950 SH       DEFINED                  1350        0     1600
SBC COMMUNICATIONS INC           COM            78387G103     4990   163617 SH       SOLE                   161367     1800      450
SBC COMMUNICATIONS INC           COM            78387G103      313    10274 SH       DEFINED                 10274        0        0
SARA LEE CORP                    COM            803111103     3823   185339 SH       SOLE                   183539     1800        0
SARA LEE CORP                    COM            803111103      334    16220 SH       DEFINED                 16220        0        0
SCHERING-PLOUGH CORP             COM            806605101      255    10400 SH       SOLE                    10400        0        0
SCHLUMBERGER LTD                 COM            806857108     3681    79178 SH       SOLE                    78000      800      378
CHARLES SCHWAB CORP              COM            808513105      302    27000 SH       SOLE                    27000        0        0
SUN MICROSYSTEMS                 COM            866810104      307    61527 SH       SOLE                    60218      700      609
SUNGARD DATA SYSTEMS INC         COM            867363103     1225    46300 SH       SOLE                    44500     1800        0
SYSCO CORP                       COM            871829107     7152   262850 SH       SOLE                   261650      400      800
SYSCO CORP                       COM            871829107      541    19900 SH       DEFINED                 19900        0        0
TECO ENERGY                      COM            872375100     1444    58345 SH       SOLE                    58345        0        0
TECO ENERGY                      COM            872375100      209     8450 SH       DEFINED                  8450        0        0
TARGET CORP                      COM            87612E106     2336    61350 SH       SOLE                    60750      100      500
TELLABS INC DELAWARE             COM            879664100      287    46425 SH       SOLE                    46325        0      100
UNION PLANTERS CORPORATION       COM            908068109      388    12000 SH       SOLE                    12000        0        0
UNITED TECHNOLOGIES CORP         COM            913017109     7947   117050 SH       SOLE                   115950      900      200
VERIZON COMMUNICATIONS INC       COM            92343V104     6538   162854 SH       SOLE                   159076     2778     1000
VERIZON COMMUNICATIONS INC       COM            92343V104      321     8002 SH       DEFINED                  7202        0      800
WACHOVIA CORP 2ND NEW            COM            929903102      229     6000 SH       SOLE                     6000        0        0
WAL MART STORES INC              COM            931142103     6774   123169 SH       SOLE                   121492     1180      497
WAL MART STORES INC              COM            931142103      822    14950 SH       DEFINED                 14950        0        0
WELLS FARGO & CO  (NEW)          COM            949746101     5887   117616 SH       SOLE                   115664      650     1302
WEYERHAEUSER CO                  COM            962166104     3805    59600 SH       SOLE                    58800      200      600
WYETH                            COM            983024100     5253   102602 SH       SOLE                    99602      600     2400
ZIMMER HLDGS INC                 COM            98956P102      301     8450 SH       SOLE                     8180       70      200

 GRAND TOTALS                                               293404  8059435                                7892037    61870   105528

</TABLE>