Consent of Independent Auditors
We consent to the use in this Registration Statement of MutualFirst Financial,
Inc. on Form S-4 of our report dated February 4, 2000 on the consolidated
financial statements of MutualFirst Financial, Inc., appearing in the
Prospectus, which is part of this Registration Statement. We also consent to the
reference to our firm appearing under the headings "Selected Historical and Pro
Forma Financial Data" and "Experts" in the Prospectus.
Olive LLP
Indianapolis, Indiana
September 20, 2000
