Schedule Identifying Material
                                    Terms of Options Granted To
                             German American Bancorp Executive Officers


                                                                                          Option
                                      Mark         Stan        Clay         Kenneth        Price
Type of Option            Date      Schroeder      Ruhe        Ewing      Sendelweck     per Share
- --------------            ----      ---------      ----        -----      ----------     ---------

                                                                       
Original Grant (2)      4/20/93    20,101.43    12,060.86     -------       -------      $ 8.08
Replacement (3)        12/30/94     2,680.19      -------     -------       -------       12.08
Replacement (3)         7/10/95     2,680.19      -------     -------       -------       11.64
Replacement (3)          1/9/96      -------     1,855.71     -------       -------       12.24
Replacement (3)         7/15/96     2,297.31     1,442.20     -------       -------       13.52
Replacement (3)         1/16/97     4,057.36     2,744.61     -------       -------       15.36
Replacement (3)          8/1/97     2,766.49     1,162.02     -------       -------       16.76
Replacement (3)          8/3/98      -------       354.23     -------       -------       25.29
Replacement (3)          5/4/99     1,962.45       633.94     -------       -------       16.55
Original Grant (4)       6/1/99     1,102.50      -------     -------       -------       16.44
Original Grant (4)       6/1/00     1,050.00      -------     -------       -------       14.46
Original Grant (4)       7/1/00      -------     8,925.00    8,925.00      8,925.00       13.81


<FN>
(1)  Number of options and per share exercise price have been retroactively adjusted for subsequent
     stock splits and dividends.

(2)  These options under the German American  Bancorp 1992 Stock Option Plan (the "Plan") were made
     on April 20, 1993. These options expire ten years after the grant date. The options granted to
     the executive officers became exercisable with respect to twenty percent of the shares on each
     of the anniversary dates beginning on the first anniversary of the date of grant.

(3)  The Stock Option Plan provides that if the optionee  tenders Common Shares of the  Corporation
     already  owned by the optionee as payment,  in whole or part,  of the  exercise  price for the
     shares the  optionee  has  elected to  purchase  under the  option,  then the  Corporation  is
     obligated to use its best efforts to issue a replacement option of the same type (incentive or
     non-qualified  option).  With the same expiration  date as the option that was exercised,  and
     covering a number of Common Shares equal to the number of Common Shares tendered.  Replacement
     options may not be exercised until one year after the date of grant.

(4)  These options were granted under the 1999 Long Term Equity Incentive Plan. The options granted
     to Mr. Schroeder became  exercisable  immediately.  The options granted to the other executive
     officers  become  exercisable  with  respect  to twenty  percent  of the shares on each of the
     anniversary dates beginning on the first anniversary of the date of grant.

</FN>