CONSENT OF INDEPENDENT AUDITORS



We consent to the incorporation by reference in this  Registration  Statement of
MutualFirst  Financial,  Inc. on Form S-8 of our report dated  February 4, 2000,
incorporated  by  reference  in the  Annual  Report on Form 10-K of  MutualFirst
Financial, Inc. for the year ended December 31, 1999.




/s/ Olive LLP

Indianapolis, Indiana
January 11, 2001