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



                                                                                                                            Option
Type of                Date        George            Mark               Stan                Urban            James           Price
Option                             Astrike         Schroeder            Ruhe               Giesler          Essany         per Share



                                                                                                     
Original Grant (2)   4/20/93     21,879.1125      18,232.5938        10,939.5563         5,469.7892        5,469.7892       $8.9100
Replacement (3)     12/30/94      2,630.3666       2,431.0125            -------            -------           -------       13.3200
Replacement (3)      7/10/95      4,587.3261       2,431.0125            -------           729.3038          350.0658       12.8300
Replacement (3)       1/9/96      6,806.8350          -------         1,683.1868           720.0428          729.3038       13.5000
Replacement (3)      7/15/96         -------       2,083.7250         1,308.1163           652.9005          833.4900       14.9000
Replacement (3)      1/16/97      5,903.1000       3,680.2500         2,489.5500         1,697.8500        1,576.0500       16.9400
Replacement (3)      1/28/97      5,035.8000          -------            -------            -------           -------       16.8900
Replacement (3)       8/1/97         -------       2,509.5000           109.2000           527.1000          527.1000       18.4800
Replacement (3)       5/1/98         -------          -------            -------            -------        1,212.7500       30.0500
Replacement (3)       8/3/98         -------          -------           321.3000           349.8500           -------       27.8800
Additional Grant (4)  9/2/98     60,900.0000          -------            -------            -------           -------       23.3300

<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 Mr. Astrike became  exercisable  with respect
to one-half of the shares  immediately  upon grant and with respect to the other
one-half of the shares on the first  anniversary  of the grant date. The options
granted to the other  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 to Mr.  Astrike on  September  2, 1998.  These
non-qualified options expire in twenty years and are immediately exercisable.

</FN>