Pricing Supplement No. 10 Dated 5/28/03 Rule 424(b)(2) (To Prospectus dated July 23, 1997 and File Nos. 333-29433 Prospectus Supplement dated August 4, 1997) and 333-105584 OLD NATIONAL BANCORP Medium-Term Notes Due Nine Months or More from Date of Issue - Fixed Rate ------------------------------------------------------------------------------------------------------ Principal Amount: $100,000,000.00 Interest Rate: 3.50% Issue Price: 99.678% Agent's Discount or Commission: 0.3875% Original Issue Date: 6/2/03 Stated Maturity Date: 6/2/08 Net Proceeds to Issuer: $99,290,500.00 CUSIP No. 68003QBA3 ------------------------------------------------------------------------------------------------------ INTEREST PAYMENT DATES: Jun 2 and Dec 2 of each year, commencing Dec 2, 2003. In the event such date is not a business day, interest shall be paid on the next succeeding business day. REDEMPTION: [x] The Notes cannot be redeemed prior to the Stated Maturity Date. [ ] The Notes may be redeemed prior to the Stated Maturity Date. Initial Redemption Date: Initial Redemption Percentage: ______% Annual Redemption Percentage Reduction: ______% until Redemption Price is 100% of the principal amount. OPTIONAL REPAYMENT: [x] The Notes cannot be repaid prior to the Stated Maturity Date. [ ] The Notes can be repaid prior to the Stated Maturity Date at the option of the holder of the Notes. Optional Repayment Date(s): Repayment Price: 100% ORIGINAL ISSUE DISCOUNT: [x] Yes [ ] No Total Amount of OID: $322,000 Yield to Maturity: 3.571% Initial Accrual Period: 6/2/03-12/2/03 FORM: [x] Book-Entry [ ] Certificated THE AGENT, CITIGROUP GLOBAL MARKETS, INC, IS ACTING IN THE CAPACITY AS INDICATED BELOW: [ ] Agent [x] Principal IF AS PRINCIPAL: [ ] The Notes are being offered at varying prices related to prevailing market prices at the time of resale. [x] The Notes are being offered at a fixed initial public offering price of 99.678% of principal amount. IF AS AGENT: The Notes are being offered at a fixed initial public offering price of ___% of principal amount. OTHER PROVISIONS: