Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
JONES ROBERT G
 2. Issuer Name and Ticker or Trading Symbol
OLD NATIONAL BANCORP /IN/ [ONB] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
PRESIDENT AND CEO
(Last)
(First)
(Middle)

1100 SUWANNEE		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2007
(Street)


EVANSVILLE, IN 47725		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(check applicable line)

_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
COMMON STOCK             59,890 D (2)  
COMMON STOCK             115,200 D  
COMMON STOCK             4,398.518 D  
COMMON STOCK             1,851.59 I (5) ONB KSOP
COMMON STOCK             10,000 D (6)  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
EMPLOYEE STOCK OPTION $ 23.99           09/07/2005(1) 09/07/2014 COMMON STOCK
26,250
  26,250
D
 
EMPLOYEE STOCK OPTION $ 21.65           02/01/2007(3) 02/24/2016 COMMON STOCK
45,900
  45,900
D
 
EMPLOYEE STOCK OPTION $ 18.43           01/25/2008(4) 01/25/2017 COMMON STOCK
59,100
  59,100
D
 
EMPLOYEE STOCK OPTION $ 15.29           02/01/2009(7) 01/24/2018 COMMON STOCK
70,000
  70,000
D
 
PHANTOM STOCK   12/29/2006(10)   A4 (10) 1,244.667     (9)   (9) COMMON STOCK
1,244.667
(10) 1,244.667
D
 
PHANTOM STOCK   12/31/2007(11)   A4 (11) 3,559.731     (9)   (9) COMMON STOCK
3,559.731
(11) 4,804.398
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
JONES ROBERT G
1100 SUWANNEE
EVANSVILLE, IN 47725		   X     PRESIDENT AND CEO  

Signatures

JEFFREY L KNIGHT, EXECUTIVE VP AND CHIEF LEGAL COUNSEL, AS ATTORNEY-IN-FACT 02/14/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Immediately exercisable.
(2) Shares held with a broker.
(3) Option vests in one-third annual installments beginning on 2/1/2007.
(4) Option vests in one-third annual installments beginning on 1/25/2008.
(5) KSOP balance updated based upon current data.
(6) Shares held in Oltrust FBO Robert and Lisa Jones.
(7) Option vests in one-third annual installments beginning on 1/24/2009.
(8) Each share of phantom stock represents the right to receive one share of ONB common stock or the cash value thereof.
(9) Shares of phantom stock are payable in cash following termination of the reporting person's employment with ONB or reporting person becoming disabled. The reporting person may transfer his phantom stock account into an alternative investment account at any time.
(10) The reporting person acquired 1,244.667 shares of phantom stock, the sum of which includes dividends thereon, under ONB's Executive Deferred Compensation Plan during the fiscal year ended 12/29/06, at prices ranging from $18.30 to $21.90. However, due to an inadvertent administrative error, the reporting of these particular transactions was not timely filed.
(11) The reporting person acquired 3,559.731 shares of phantom stock, the sum of which includes dividends thereon, under ONB's Executive Deferred Compensation Plan during the fiscal year ended 12/31/07, at prices ranging from $14.09 to $19.20. However, due to an inadvertent administrative error, the reporting of these particular transactions was not timely filed.

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