Exhibit 10.14

                               AMENDED AGREEMENT

         This amended  Agreement  is made as of August 17, 2001,  by and between
Amcast Industrial Corporation (the Company) and Byron O. Pond (the Optionee).

                                   WITNESSETH:

WHEREAS,  the  Optionee  and the  Company  are  parties to that  certain  Option
Agreement dated February 14, 2001 (the Agreement) and;

WHEREAS, the Optionee and the Company wish to amend the Agreement;

Now therefore the Company and the Optionee agree as follows:

1.   All capitalized terms used herein shall be defined in accordance with the
Agreement.

2.    Section 2 of the Agreement is amended to read as follows:

         2. Vesting

         The  Option  Shares  shall  vest and  become  exercisable  as  follows,
         contingent upon the Optionee being employed by the Company on each such
         vesting date:  85,000 shares on June 1, 2001;  82,500 shares on January
         2, 2002; and 82,500 shares on January 1, 2003; provided,  however, that
         if the  Company  and/or  its  shareholders  receive  an  offer  that is
         accepted by the Company's  Board of Directors and the  shareholders  (a
         "Change  in Control  Offer")  for a Change in  Control  (as  defined in
         Section  8.02 of the  Executive  Employment  Agreement)  prior  to June
         1,2001, then all unvested shares of the Option Shares shall immediately
         become vested as of the  effective  date of the final Change in Control
         Offer upon which the Change in Control  was based was made.  The Option
         shall be  exercisable  for a period of five (5) years  from the date of
         grant of the Option  Shares.  The Optionee  shall forfeit all right and
         interest to any unvested Option Shares and if he is not employed by the
         Company on the vesting date.

3.
Miscellaneous.  This Agreement shall be binding upon and inure to the benefit of
     the parties hereto and their heirs, successors, assigns and representatives
     and shall be governed by the laws of the State of Ohio.


         IN WITNESS WHEREOF, this Agreement has been duly executed as of the day
and year first written above.

                                    AMCAST INDUSTRIAL CORPORATION


                                    By:    /s/ Leo W. Ladehoff
                                             Leo W. Ladehoff
                                             Chairman of the Board


(CORPORATE SEAL)






Attest:

/s/ Denis G. Daly
Secretary



                                       /s/  Byron O. Pond
                                                Byron O. Pond
                                                Optionee