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, 2007 ------------------- 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: 1st Source Corporation Investment Advisors, Inc. Address: P. O. Box 1602 South Bend, IN 46634 Form 13F File Number: 28-110447 --------- 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, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Paul W. Gifford Title: Treasurer Phone: 574.235.2751 Signature, Place, and Date of Signing: /s/Paul W. Gifford South Bend, IN 05/01/07 --------------------- --------------------- ------------- [Signature] [City, State] [Date] Report Type (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s). [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: Not Applicable FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: None Form 13F Information Table Entry Total: 147 Form 13F Information Table Value Total: $200,325 -------- List of Other Included Managers: Provide a number list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE Issuer Cusip Value Shrs or Sh/ Put/ Invstmt Other Voting Authority (X$1000) Prn Amt Prn Call Dscrtn Mgrs Sole Shrd None ABBOTT LABS. 002824100 2623 47000 SOLE NA 47000 AEGON FLOATING PREFERRED 007924509 349 13560 SOLE NA 13560 AIR PRODUCTS & CHEMICALS 009158106 2217 30000 SOLE NA 30000 ALCOA, INC. 013817101 3356 99000 SOLE NA 99000 ALLIANT TECHSYSTEMS, INC. 018804104 1055 12000 SOLE NA 12000 ALLSTATE CORP. 020002101 3483 58000 SOLE NA 58000 AMERICAN ELECTRIC POWER 025537101 1999 41000 SOLE NA 41000 AMERICAN EXPRESS CO. 025816109 801 14200 SOLE NA 14200 AMERICAN INTERNATIONAL 026874107 672 10000 SOLE NA 10000 ANADARKO PETROLEUM CORP. 032511107 2278 53000 SOLE NA 53000 ANGLO AMERICAN PLC - ADR 03485P102 1876 71000 SOLE NA 71000 ANHEUSER-BUSCH COMPANIES 035229103 227 4500 SOLE NA 4500 APACHE CORP. 037411105 841 11900 SOLE NA 11900 ARCHER DANIELS MIDLAND 039483102 2202 60000 SOLE NA 60000 ARLINGTON TANKERS LTD. G04899103 410 17185 SOLE NA 17185 AT & T INC. 00206R102 3716 94250 SOLE NA 94250 AVERY DENNISON CORP. 053611109 1002 15600 SOLE NA 15600 AVNET, INC. 053807103 2891 80000 SOLE NA 80000 AVON PRODUCTS, INC. 054303102 2310 62000 SOLE NA 62000 BANK OF AMERICA CORP. 060505104 806 15800 SOLE NA 15800 BANKONE PFD 7.2% 10/15/31 06423W204 473 18600 SOLE NA 18600 BCE INC. 05534B760 1273 45000 SOLE NA 45000 BELO A H CORP. 080555105 1484 79500 SOLE NA 79500 BIOMET, INC. 090613100 2125 50000 SOLE NA 50000 BRISTOL MYERS SQUIBB CO. 110122108 861 31000 SOLE NA 31000 C.R. BARD, INC. 067383109 875 11000 SOLE NA 11000 CABCO-GS CAP PREFERRED 12679N203 1267 52900 SOLE NA 52900 CANETIC RESOURCES TRUST 137513107 467 36000 SOLE NA 36000 CARBO CERAMICS, INC. 140781105 1397 30000 SOLE NA 30000 CATERPILLAR, INC. 149123101 798 11900 SOLE NA 11900 CHEVRON CORP. 166764100 1701 23000 SOLE NA 23000 CHOICEPOINT, INC. 170388102 449 12000 SOLE NA 12000 CITIGROUP CAPVII PREF 17306N203 481 19000 SOLE NA 19000 CITIGROUP, INC. 172967101 2577 50200 SOLE NA 50200 COMPUTER SCIENCES CORP. 205363104 3263 62600 SOLE NA 62600 CONAGRA FODS, INC. 205887102 2117 85000 SOLE NA 85000 CONOCOPHILLIPS 20825C104 1217 17800 SOLE NA 17800 CRESCENT REAL ESTATE 225756105 700 34890 SOLE NA 34890 DEUTSCHE TELEKOM - ADR 251566105 2182 132000 SOLE NA 132000 DYNEGY, INC. 26816Q101 241 26000 SOLE NA 26000 E.I. DU PONT DE NEMOURS 263534109 2323 47000 SOLE NA 47000 EARTHLINK, INC. 270321102 221 30000 SOLE NA 30000 EATON VANCE CORP. 278265103 428 12000 SOLE NA 12000 EDUCATION REALTY TRUST 28140H104 708 47900 SOLE NA 47900 ELI LILLY & CO. 532457108 1880 35000 SOLE NA 35000 EMERSON ELECTRIC CO. 291011104 1637 38000 SOLE NA 38000 ENBRIDGE ENERGY MGMT. 29250X103 860 15924 SOLE NA 15924 ENCANA CORP. 292505104 2228 44000 SOLE NA 44000 ENCORE WIRE CORP 292562105 760 30000 SOLE NA 30000 ENERPLUS RESOURCES 29274D604 1056 25000 SOLE NA 25000 ESTERLINE TECHNOLOGIES 297425100 2505 61000 SOLE NA 61000 FEDEX CORP. 31428X106 827 7700 SOLE NA 7700 FIRST DATA CORP. 319963104 2044 76000 SOLE NA 76000 FLUOR CORP. (NEW) 343412102 2064 23000 SOLE NA 23000 FORTUNE BRANDS, INC. 349631101 638 8100 SOLE NA 8100 GENERAL ELECTRIC CO. 369604103 2228 63000 SOLE NA 63000 GEORGIA GULF CORP. 373200203 486 30000 SOLE NA 30000 GLOBAL PAYMENT, INC. 37940X102 426 12500 SOLE NA 12500 GLOBALSANTAFE CORP. G3930E101 1850 30000 SOLE NA 30000 H & R BLOCK, INC. 093671105 989 47000 SOLE NA 47000 H.J. HEINZ CO. 423074103 1272 27000 SOLE NA 27000 HARRIS CORP. 413875105 713 14000 SOLE NA 14000 HARTFORD FINANCIAL SVC 416515104 583 6100 SOLE NA 6100 HESS CORP 42809H107 998 18000 SOLE NA 18000 HEWLETT-PACKARD CO. 428236103 1846 46000 SOLE NA 46000 HONEYWELL INTL, INC. 438516106 1842 40000 SOLE NA 40000 HOSPITALITY PROPERTIES 44106M102 1221 26100 SOLE NA 26100 HSBC HOLDINGS PLC - ADR 404280406 527 6000 SOLE NA 6000 HUBBELL, INC. - CLASS B 443510201 1746 36200 SOLE NA 36200 HUMANA, INC. 444859102 1451 25000 SOLE NA 25000 HUNTINGTON BANCSHARES INC 446150104 983 45000 SOLE NA 45000 IDEARC INC 451663108 709 20200 SOLE NA 20200 ING GROEP NV PREFERRED 456837202 253 10000 SOLE NA 10000 INNKEEPERS USA TRUST 4576J0104 977 60000 SOLE NA 60000 INTEL CORP. 458140100 2022 105700 SOLE NA 105700 INTL COAL GROUP, INC. 45928H106 264 50300 SOLE NA 50300 JOHNSON & JOHNSON 478160104 1687 28000 SOLE NA 28000 JP MORGAN CHASE CAP PRFD 46623D200 278 11000 SOLE NA 11000 KEYCORP 493267108 1424 38000 SOLE NA 38000 KIMBERLY-CLARK CORP. 494368103 2055 30000 SOLE NA 30000 LINCOLN NATIONAL CORP. 534187109 1695 25000 SOLE NA 25000 MARATHON OIL CORP. 565849106 2273 23000 SOLE NA 23000 MAXIM INTEGRATED PROD. 57772K101 509 17300 SOLE NA 17300 MCDONALD'S CORP. 580135101 815 18100 SOLE NA 18100 MCGRAW-HILL COS., INC. 580645109 566 9000 SOLE NA 9000 MEDTRONIC, INC. 585055106 829 16900 SOLE NA 16900 MERCK & CO. 589331107 1369 31000 SOLE NA 31000 MICROSOFT CORP. 594918104 557 20000 SOLE NA 20000 MORGAN (J.P.) CHASE & CO. 46625H100 2032 42000 SOLE NA 42000 MORGAN STANLEY CAP TR II 61747N109 178 7000 SOLE NA 7000 MOTOROLA, INC. 620076109 2716 153700 SOLE NA 153700 MYLAN LABS, INC. 628530107 2315 109495 SOLE NA 109495 NATIONAL FUEL GAS 636180101 2163 50000 SOLE NA 50000 NEWMONT MINING CORP. 651639106 2578 61400 SOLE NA 61400 NISOURCE, INC. 65473P105 1711 70000 SOLE NA 70000 NOKIA CORP. - ADR 654902204 917 40000 SOLE NA 40000 NORDIC AMERICAN TANKER G65773106 576 15900 SOLE NA 15900 NOVARTIS AG - ADR 66987V109 1857 34000 SOLE NA 34000 OCCIDENTAL PETROLEUM CORP 674599105 888 18000 SOLE NA 18000 OMNIVISION TECH., INC. 682128103 389 30000 SOLE NA 30000 ORACLE CORP. 68389X105 725 40000 SOLE NA 40000 PALL CORP. 696429307 2664 70100 SOLE NA 70100 PAR PHARMACEUTICAL 69888P106 1256 50000 SOLE NA 50000 PARKER-HANNIFIN, CORP. 701094104 1640 19000 SOLE NA 19000 PENN WEST ENERGY TRUST 707885109 999 34000 SOLE NA 34000 PEPSICO, INC. 713448108 814 12800 SOLE NA 12800 PFIZER, INC. 717081103 1642 65000 SOLE NA 65000 PLAINS ALL AMER PIPELINE 726503105 1008 17500 SOLE NA 17500 POTASH CORP 73755L107 1599 10000 SOLE NA 10000 PRECISION DRILLING TRUST 740215108 2971 130000 SOLE NA 130000 PROCTER & GAMBLE CO. 742718109 562 8900 SOLE NA 8900 PROGRESSIVE CORP. 743315103 2182 100000 SOLE NA 100000 RADIOSHACK CORP. 750438103 1352 50000 SOLE NA 50000 RAYTHEON CO. 755111507 2518 48000 SOLE NA 48000 SCHLUMBERGER, LTD. 806857108 1728 25000 SOLE NA 25000 SERVICEMASTER CO. 81760N109 416 27000 SOLE NA 27000 SHAW GROUP, INC. 820280105 1876 60000 SOLE NA 60000 SK TELECOM CO LTD ADR 78440P108 281 12000 SOLE NA 12000 SONOCO PRODUCTS CO. 835495102 2255 60000 SOLE NA 60000 SOUTHWEST AIRLINES CO. 844741108 2286 155520 SOLE NA 155520 SOUTHWEST GAS CORP. 844895102 1784 45900 SOLE NA 45900 SPRINT NEXTEL CORP 852061100 2844 150000 SOLE NA 150000 SYMANTEC CORP. 871503108 1799 104000 SOLE NA 104000 SYMMETRY MEDICAL INC. 871546206 851 52100 SOLE NA 52100 SYSCO CORP. 871829107 2199 65000 SOLE NA 65000 TARGET CORP. 87612E106 59 1000 SOLE NA 1000 THORNBURG MORTGAGE ASSET 885218107 442 17000 SOLE NA 17000 TRAVELERS COMPANIES, INC. 89417E109 1553 30000 SOLE NA 30000 TURKCELL ILETISIM HIZMET 900111204 530 40000 SOLE NA 40000 TYCO INTERNATIONAL LTD. 902124106 631 20000 SOLE NA 20000 U.S. BANCORP 902973304 1049 30000 SOLE NA 30000 UNION PACIFIC CORP. 907818108 102 1000 SOLE NA 1000 UNITED TECHNOLOGIES CORP 913017109 891 13700 SOLE NA 13700 USG CORP. 903293405 373 8000 SOLE NA 8000 VALERO ENERGY CORP. 91913Y100 709 11000 SOLE NA 11000 VERIZON COMMUNICATIONS 92343V104 2920 77000 SOLE NA 77000 VODAFONE GROUP PLC - ADR 92857W209 534 19875 SOLE NA 19875 W.W. GRAINGER INC. 384802104 1159 15000 SOLE NA 15000 WADDELL & REED 930059100 1632 70000 SOLE NA 70000 WAL MART STORES, INC. 931142103 2113 45000 SOLE NA 45000 WALGREEN CO. 931422109 633 13800 SOLE NA 13800 WASTE MANAGEMENT, INC. 94106L109 3407 99000 SOLE NA 99000 WESTERN UNION CO 959802109 801 36500 SOLE NA 36500 WEYERHAEUSER CO. 962166104 673 9000 SOLE NA 9000 WILLIAMS COMPANIES, INC. 969457100 1423 50000 SOLE NA 50000 XTO ENERGY, INC. 98385X106 840 15333 SOLE NA 15333 ZIMMER HOLDINGS, INC. 98956P102 598 7000 SOLE NA 7000