UNITED STATES
                  SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C. 20549

                               FORM 8-K

                            Current Report

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported)     February 11, 2004
                                                   -------------------

                      GREAT AMERICAN BANCORP, INC.
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        (Exact name of registrant as specified in its charter)


        Delaware                  000-25808           52-1923366
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(State or other jurisdiction    (Commission        (I.R.S. Employer
    of incorporation)            File Number)    Identification Number)


1311 S. Neil St., P.O. Box 1010, Champaign, IL          61824-1010
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(Address of principal executive offices)                (Zip Code)

                           (217) 356-2265
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         (Registrant's telephone number, including area code)






Item 5.  Other Events

     The Registrant incorporates by reference the press release dated
February 11, 2004 attached as Exhibit 99.1, relating to the Company's
announcement that its Board of Directors has approved a 5% stock repurchase
program.


Item 7.  Financial Statements and Exhibits

   (a)   Not applicable.
   (b)   Not applicable.
   (c)   The following Exhibit is included with this Report:

         Exhibit No.                               Description
         -----------                   --------------------------------------
            99.1                       Press Release, dated February 11, 2004



	                                          SIGNATURES


     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                     Great American Bancorp, Inc.
                                     ----------------------------
                                              (Registrant)

Date     February 11, 2004           /s/ Jane F. Adams
    ---------------------------      ----------------------------
                                     Chief Financial Officer


EXHIBIT INDEX


Exhibit 99.1                 Press Release, dated February 11, 2004.

                                                              EXHIBIT 99.1




                             NEWS RELEASE


FOR IMMEDIATE RELEASE
February 11, 2004

Contact:  Ms. Jane F. Adams
          Chief Financial Officer and Investor Relations
          (217) 356-2265

                       GREAT AMERICAN BANCORP, INC.
                 Announces a 5% Stock Repurchase Program

Champaign, Illinois - Great American Bancorp, Inc. (NASDAQ SMALLCAP
MARKET/GTPS), the holding company for First Federal Savings Bank of
Champaign-Urbana, announced that its Board of Directors has authorized an
additional common stock repurchase of up to 37,555 shares.  This amount is
equal to five percent of the Company's outstanding shares of 751,103 and is
in addition to 10,566 shares remaining to be purchased under a stock
repurchase program approved in July 2003.  Under the program approved in July
2003, the Company has repurchased 27,621 shares at an average price of $34.61
per share. Stock to be repurchased will be made in open market transactions,
subject to the availability of stock and market conditions, and will commence
as soon as practicable.

First Federal Savings Bank of Champaign-Urbana is headquartered in Champaign,
Illinois, and operates through its administrative/branch office in Champaign
and through two other full service branches located in Champaign and Urbana.
The Bank, through its subsidiary, Park Avenue Service Corporation, also
provides full service brokerage activities through a third-party broker-
dealer, Scout Brokerage Services, Inc., and sells insurance products through
the GTPS Insurance Agency.  The Bank's deposits are insured by the Federal
Deposit Insurance Corporation.

Great American Bancorp, Inc. stock is traded on the Nasdaq SmallCap Market
System under the symbol "GTPS."

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                          GTPS-pr-2004-04