UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ------------------------------ FORM 13F ------------------------------ FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2011 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: First Merchants Bank, National Association Address: 200 East Jackson Street Muncie, IN 47305 Form 13F File Number: 28- The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person signing this Report on Behalf of Reporting Manager: Name: Terry Blaker Title: Senior Vice President Phone: (765) 747-1570 Signature, Place, and Date of Signing: /s/ Terry L Blaker Muncie, IN April 11, 2011 Report Type (Check only one.): [X] 13F HOLDING REPORT. [ ] 13F NOTICE. [ ] COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 235 Form 13F Information Table Value Total: $246,318,000 List of Other Included Managers: None FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ACCENTURE PLC ADR G1151C101 2444 44459 SH SOLE 44159 300 0 ACCENTURE PLC ADR G1151C101 246 4470 SH DEFINED 4470 0 0 NOBLE CORPORATION COM H5833N103 1453 31861 SH SOLE 31786 75 0 NOBLE CORPORATION COM H5833N103 105 2310 SH DEFINED 2310 0 0 TRANSOCEAN LTD COM H8817H100 723 9276 SH SOLE 8972 304 0 TRANSOCEAN LTD COM H8817H100 44 563 SH DEFINED 563 0 0 AT&T INC COM 00206R102 4150 135568 SH SOLE 135261 75 232 AT&T INC COM 00206R102 323 10547 SH DEFINED 7162 0 3385 ABBOTT LABS COM 002824100 3488 71121 SH SOLE 70021 1000 100 ABBOTT LABS COM 002824100 348 7090 SH DEFINED 6490 0 600 ADOBE SYSTEMS INC COM 00724F101 1279 38589 SH SOLE 37839 750 0 ADOBE SYSTEMS INC COM 00724F101 50 1514 SH DEFINED 1514 0 0 ALLIANT CORP COM 018802108 1747 44868 SH SOLE 43893 975 0 ALLIANT CORP COM 018802108 204 5251 SH DEFINED 4801 0 450 APACHE CORP COM 037411105 1810 13825 SH SOLE 13400 425 0 APACHE CORP COM 037411105 76 580 SH DEFINED 580 0 0 AUTOMATIC DATA PROCESSING COM 053015103 4403 85816 SH SOLE 84541 1125 150 AUTOMATIC DATA PROCESSING COM 053015103 365 7120 SH DEFINED 6870 0 250 BB & T CORPORATION COM 054937107 421 15350 SH SOLE 15350 0 0 BB & T CORPORATION COM 054937107 4 155 SH DEFINED 155 0 0 BP PLC - SPONS ADR 055622104 250 5660 SH SOLE 5660 0 0 BP PLC - SPONS ADR 055622104 264 5978 SH DEFINED 2278 0 3700 BAKER HUGHES INC COM 057224107 2197 29923 SH SOLE 29323 600 0 BAKER HUGHES INC COM 057224107 217 2955 SH DEFINED 2955 0 0 BALL CORP COM 058498106 2384 66530 SH SOLE 66530 0 0 BALL CORP COM 058498106 14 400 SH DEFINED 400 0 0 BANK OF NEW YORK MELLON CORPCOM 064058100 1549 51874 SH SOLE 50299 1575 0 BANK OF NEW YORK MELLON CORPCOM 064058100 180 6043 SH DEFINED 6043 0 0 BAXTER INTERNATIONAL INC COM 071813109 2002 37226 SH SOLE 36436 760 30 BAXTER INTERNATIONAL INC COM 071813109 235 4365 SH DEFINED 4115 0 250 BECTON DICKINSON & CO COM 075887109 1995 25054 SH SOLE 24644 380 30 BECTON DICKINSON & CO COM 075887109 166 2083 SH DEFINED 1933 0 150 BED BATH & BEYOND COM 075896100 1464 30339 SH SOLE 29839 500 0 BED BATH & BEYOND COM 075896100 93 1935 SH DEFINED 1935 0 0 BEST BUY COMPANY INC COM 086516101 1123 39105 SH SOLE 38490 615 0 BEST BUY COMPANY INC COM 086516101 37 1283 SH DEFINED 1283 0 0 BRISTOL-MYERS SQUIBB COM 110122108 225 8511 SH SOLE 8511 0 0 BRISTOL-MYERS SQUIBB COM 110122108 74 2800 SH DEFINED 1800 0 1000 CAREFUSION CORP COM 14170T101 262 9302 SH SOLE 9302 0 0 CATERPILLAR INC. COM 149123101 435 3905 SH SOLE 3880 25 0 CATERPILLAR INC. 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1425 SH DEFINED 1425 0 0 S&P 400 MIDCAP GROWTH ETF ISHARES 464287606 8261 74862 SH SOLE 74260 602 0 S&P 400 MIDCAP GROWTH ETF ISHARES 464287606 304 2755 SH DEFINED 2755 0 0 ISHARES RUSSELL 2000 VAL 464287630 415 5510 SH SOLE 5510 0 0 ISHARES RUSSELL 2000 ETF I SHARES 464287655 1016 12072 SH SOLE 11652 420 0 ISHARES RUSSELL 2000 ETF I SHARES 464287655 24 285 SH DEFINED 285 0 0 S&P 400 MIDCAP VALUE ETF ISHARES 464287705 9134 105959 SH SOLE 105193 444 322 S&P 400 MIDCAP VALUE ETF ISHARES 464287705 329 3818 SH DEFINED 3818 0 0 I SHARES S&P S/C 600 ETF 464287804 3005 40854 SH SOLE 39658 860 336 I SHARES S&P S/C 600 ETF 464287804 100 1360 SH DEFINED 1360 0 0 S&P 600 SMALL CAP VALUE ETF ISHARES 464287879 4102 53820 SH SOLE 52935 593 292 S&P 600 SMALL CAP VALUE ETF ISHARES 464287879 97 1271 SH DEFINED 1271 0 0 S&P 600 SMALL CAP GROWTH ETFISHARES 464287887 4831 61135 SH SOLE 60886 249 0 S&P 600 SMALL CAP GROWTH ETFISHARES 464287887 96 1213 SH DEFINED 1213 0 0 J P MORGAN CHASE & CO COM 46625H100 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SH SOLE 22637 0 0 OWENS & MINOR INC COM 690732102 20 615 SH DEFINED 615 0 0 PEOPLE'S UNITED FINANCIAL COM 712704105 848 67445 SH SOLE 67145 300 0 PEOPLE'S UNITED FINANCIAL COM 712704105 51 4090 SH DEFINED 4090 0 0 PEPSICO INC COM 713448108 3793 58896 SH SOLE 57946 825 125 PEPSICO INC COM 713448108 228 3535 SH DEFINED 2385 0 1150 PFIZER INC COM 717081103 732 36051 SH SOLE 35753 200 98 PFIZER INC COM 717081103 72 3530 SH DEFINED 2530 0 1000 PHILLIP MORRIS INTL INC COM 718172109 167 2552 SH SOLE 2552 0 0 PHILLIP MORRIS INTL INC COM 718172109 281 4275 SH DEFINED 1775 0 2500 T. 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ROWE PRICE GROUP INC COM 74144T108 108 1632 SH DEFINED 1632 0 0 PROCTER & GAMBLE CO COM 742718109 3760 61032 SH SOLE 60007 925 100 PROCTER & GAMBLE CO COM 742718109 580 9421 SH DEFINED 6921 0 2500 ROBERT HALF INTERNATIONAL COM 770323103 262 8575 SH SOLE 8575 0 0 ROBERT HALF INTERNATIONAL COM 770323103 43 1400 SH DEFINED 1400 0 0 S&P 500 INDEX SPDR ETF 78462F103 1133 8544 SH SOLE 8544 0 0 S&P 500 INDEX SPDR ETF 78462F103 60 450 SH DEFINED 450 0 0 SPDR MSCI ALL-COUNTRY WORLD EX-US INDEX ETF 78463X848 3008 85667 SH SOLE 85667 0 0 SPDR S&P MIDCAP 400 ETF TR 78467Y107 7671 42722 SH SOLE 41992 483 247 SPDR S&P MIDCAP 400 ETF TR 78467Y107 341 1901 SH DEFINED 1901 0 0 SCHLUMBERGER LTD COM 806857108 4422 47418 SH SOLE 46713 630 75 SCHLUMBERGER LTD COM 806857108 469 5025 SH DEFINED 5025 0 0 MATERIALS SEL SEC SPDR ETF COM 81369Y100 1127 28172 SH SOLE 27872 250 50 MATERIALS SEL SEC SPDR ETF COM 81369Y100 59 1482 SH DEFINED 1482 0 0 SEC SPDR CON STAPLES ETF COM 81369Y308 328 10970 SH SOLE 10970 0 0 SEC SPDR CON STAPLES ETF COM 81369Y308 3 90 SH DEFINED 90 0 0 CEF SELECT CONSUMER DISC ETFCOM 81369Y407 379 9696 SH SOLE 9696 0 0 CEF SELECT CONSUMER DISC ETFCOM 81369Y407 6 149 SH DEFINED 149 0 0 SECTOR SPDR FINANCIAL ETF COM 81369Y605 344 20990 SH SOLE 20990 0 0 SECTOR SPDR FINANCIAL ETF COM 81369Y605 3 195 SH DEFINED 195 0 0 THE J.M. 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