FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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

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(Print or Type Responses)

1. Name and Address of Reporting Person * Ellspermann Caroline J   2. Issuer Name and Ticker or Trading Symbol OLD NATIONAL BANCORP /IN/ [ONB] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) PRESIDENT - WEALTH MANAGEMENT (Last) (First) (Middle) 508 WYNDCLYFF DR 3. Date of Earliest Transaction (Month/Day/Year) 08/03/2007 (Street) EVANSVILLE, IN 47711 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - 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               15,000 D   COMMON STOCK               3,317 I KENNETH ELLSPERMANN - SPOUSE COMMON STOCK               3,022.375 (6) I CAROLINE ELLSPERMAN - ONB KSOP COMMON STOCK               3,448.361 (6) I KENNETH ELLSPERMAN - ONB KSOP COMMON STOCK 08/03/2007   P   100 A $ 14.29 1,103.15 D (2)   COMMON STOCK 08/03/2007   P   400 A $ 14.2999 1,400 D (4)   COMMON STOCK               378 D   COMMON STOCK               115 I KENNETH ELLSPERMAN - SPOUSE

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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. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/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 Security: 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

EMPLOYEE STOCK OPTION

$ 21.7

02/01/2002(1)

06/27/2011

COMMON STOCK

3,525

3,525

D

EMPLOYEE STOCK OPTION

$ 20.59

01/22/2003(1)

01/22/2012

COMMON STOCK

7,178

7,178

D

EMPLOYEE STOCK OPTION

$ 20.68

01/31/2004(1)

01/31/2013

COMMON STOCK

10,474

10,474

D

EMPLOYEE STOCK OPTION

$ 20.43

12/31/2004(1)

02/02/2014

COMMON STOCK

2,100

2,100

D

EMPLOYEE STOCK OPTION

$ 21.65

02/01/2007(3)

02/24/2016

COMMON STOCK

8,700

8,700

D

EMPLOYEE STOCK OPTION

$ 18.43

01/25/2008(5)

01/25/2017

COMMON STOCK

12,300

12,300

D

EMPLOYEE STOCK OPTION

$ 21.7

02/01/2002(1)

06/27/2011

COMMON STOCK

6,077

6,077

I

SPOUSE - KENNETH ELLSPERMANN

EMPLOYEE STOCK OPTION

$ 20.59

01/22/2003(1)

01/22/2012

COMMON STOCK

7,178

7,178

I

SPOUSE - KENNETH ELLSPERMANN

EMPLOYEE STOCK OPTION

$ 20.68

01/31/2004(1)

01/31/2013

COMMON STOCK

10,474

10,474

I

SPOUSE - KENNETH ELLSPERMANN

EMPLOYEE STOCK OPTION

$ 20.43

12/31/2004(1)

02/02/2014

COMMON STOCK

1,470

1,470

I

SPOUSE - KENNETH ELLSPERMANN

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Ellspermann Caroline J 508 WYNDCLYFF DR EVANSVILLE, IN 47711			PRESIDENT - WEALTH MANAGEMENT

Signatures

JEFFREY L KNIGHT, EXECUTIVE VP AND CHIEF LEGAL COUNSEL, AS ATTORNEY-IN-FACT		08/06/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Immediately exercisable.
(2)	Registered as joint tenants - Kenneth and Caroline Ellspermann - held by broker.
(3)	Option vests in one-third annual installments beginning on 2/1/2007.
(4)	Registered as Caroline Ellspermann IRA - held by broker
(5)	Option vests in one-third annual installments beginning on 1/25/2008.
(6)	KSOP Shares updated to include current balance.

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