FORM 4

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)

Lambert, Phelps L.

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)

PO Box 236

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

 X

Form filed by One Reporting Person

(Street)
Henderson, KY 42420

Form filed by More than One Reporting Person

(City)          (State)      (Zip)

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

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

or
 (D)

Price

Common stock

03/17/03

J

V

112.576

A

N/A

110,911.394

D

Common stock

03/17/03

J

V

62.851

A

N/A

16,170.646

I1

Common stock

03/17/03

J

V

51.555

A

N/A

21,219.073

I2

Common stock

03/17/03

J

V

6.429

A

N/A

10,646.031

I3

Common stock

03/17/03

J

V

51.555

A

N/A

21,219.073

I4

Common stock

03/17/03

J

V

62.851

A

N/A

16,170.646

I5

Common stock

03/17/03

J

V

62.851

A

N/A

16,170.646

I6

J 1Q2003 Partial Reinvestment Cash Dividend

D Phelps L. Lambert

I1 Anastasia Lambert Irr Tr Phelps Lambert TE

I2 Ann M Lambert Irr Tr Phelps Lambert TE

I3 Carol M Lambert spouse

I4 Darrell Lambert Irr Tr Phelps Lambert TE

I5 Phelps J Lambert Irr Tr Phelps Lambert TE

I6 Peter C Lambert Irr Tr Phelps Lambert TE

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

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)

    (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.