FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response...0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
(Print or Type Responses)

1. Name and Address of Reporting Person* Ellerbrook Niel C.

2. Issuer Name and Tickler or Trading Symbol Old National Bancorp ONB

6. Relationship of Reporting Person(s) to Issuer                   (Check all applicable)

X

Director

10% Owner

Officer (give title below)

Other (specify below)

(Last)        (First)       (Middle) 11626 Oak Meadow

3. I.R.S. Identification Number of     Reporting Person, if an entity     (voluntary) ###-##-####

4. Statement for Month/Day/Year October 18, 2002

7. Individual or Joint/Group Filing (Check Applicable Line)

5. If Amendment, Date of     Original (Month//Day/Year)

X

Form filed by One Reporting Person

(Street) Evansville IN 47725

Form filed by More than One Reporting Person

(City)          (State)      (Zip)

Table I ¾ Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security     (Instr. 3)

2. Transaction Date (Month/ Day/Year)

2A. Deemed Execution Date, if any (Month/Day/ Year)

3. Transaction     Code     (Instr.8)

4. Securities Acquired (A)     or Disposed of (D)     (Instr. 3, 4 and 5)

5. Amount of Securities Beneficially Owned Following Reported Transaction(s)       (Instr. 3 and 4)

6.Ownership     Form: Direct     (D) or     Indirect (I)     (Instr. 4)

7.Nature of     Indirect     Beneficial     Ownership     (Instr. 4)

Code

V

Amount

(A) or  (D)

Price

Common stock

10/16/2002

P

500.000

A

24.5000

500.000

D

D Niel Ellerbrook

FORM 4 (continued)

Table II ` Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of     Derivative     Security     (Instr. 3)

2. Conversion     or Exercise     Price of     Derivative     Security

3. Trans- action Date (Month/ Date/ Year)

3A. Deemed Execution Date, if any (Month/ Date/Year)

4. Transaction     Code     (Instr.8)

5. Number of     Derivative     Securities     Acquired (A)     or Disposed     of (D)     (Instr. 3, 4     and 5)

6. Date Exercisable    and Expiration Date    (Month/Day/Year)

7. Title and Amount of     Underlying Securities     (Instr. 3 and 4)

8. Price of     Derivative     Security     (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)     (Instr. 4)

10. Ownership       Form of       Derivative       Securities:       Direct (D) or Indirect (I)       (Instr. 4)

11. Nature of       Indirect       Beneficial       Ownership       (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Explanation of Responses:

		**Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
	See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Last Update: 09/05/2002