STOCK OPTION AGREEMENT



		STOCK OPTION AGREEMENT ("Agreement"), dated as of June 4,
1996, between Intrenet, Inc., an Indiana corporation (the
"Company"), and John Delavan (the "Participant").



W I T N E S S E T H:


		WHEREAS, the Participant has been granted options (the
"Options") to purchase shares of the Company's Common Stock,
without par value (the "Common Stock"), pursuant to the
Company's 1993 Stock Option and Incentive Plan (the "Plan", a
copy of which is attached hereto as Appendix A); and



		WHEREAS, the parties hereto desire by this Agreement to
document the grant of the Options, but intend that, except to
the extent set forth herein, all of the terms and conditions of
the Options shall be as contained in the Plan.



		NOW, THEREFORE, in consideration of the premises and the
mutual covenants and agreements contained herein and in the
Plan, the parties hereto hereby agree as follows:



		1.  The Options.  Subject to the terms and conditions set
forth herein and in the Plan, the Company's Incentive
Compensation Committee has granted the Participant Options to
purchase 100,000 shares of the Common Stock (the "Shares") at an
initial exercise price of [$2.125] per Share (the last reported
sale price of the Common Stock on June 3, 1996) exercisable
after December 5, 1996 and through June 30, 2001.



		2.  Exercise.  The Options may be exercised by the Participant
only at the times and in the manner set forth herein and in the
Plan.



		3.	Incentive Stock Options.  It is understood that the Options
are intended to qualify as Incentive Stock Options under Section
422 of the Internal Revenue Code of 1986, as amended.



		4.  Section 83(b) Election.  In the event that the Participant
makes an election under Section 83(b) of the Code with respect
to the Options or the Shares issuable upon the exercise thereof,
the Participant shall notify the Company of such election within
five business days thereafter.



		5.  Representations and Warranties of Participant.  The
Participant represents and warrants to the Holding Company that:



		(a)  he has received and carefully reviewed a copy of the
Plan; and



		(b)  he understands that neither the Options nor any of the
rights and interests under the Plan or hereunder may be
assigned, encumbered or otherwise transferred (collectively,
"Transferred") except, in the event of his death, by will or the
laws and descent and distribution. 



		6.  Plan Controlling.  The parties agree that, except to the
extent set forth herein, all of the terms and conditions of the
Options are contained in the Plan and there are no other
agreements, written or oral, with respect thereto.  Neither this
Agreement nor the existence of the Options shall be construed as
giving Participant any right to be retained in the employ of the
Company or any of its affiliates.



		7.  Governing Law.  This Agreement shall be governed by and
construed in accordance with the laws of the State of Indiana.



		IN WITNESS WHEREOF, the parties have caused this Agreement to
be executed and delivered as of the date first hereinabove
written.





							INTRENET, INC.


							By:  /s/ Edwin H. Morgens
							     Edwin H. Morgens,
							     Chairman of the Board


							By: /s/ John Delavan         
							John Delavan, Participant