<SUBMISSION>
<ACCESSION-NUMBER>0000027425-03-000018
<TYPE>4
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20030103
<FILING-DATE>20030106
<SUBJECT-COMPANY>
<COMPANY-DATA>
<CONFORMED-NAME>AMCAST INDUSTRIAL CORP
<CIK>0000027425
<ASSIGNED-SIC>3490
<IRS-NUMBER>310258080
<STATE-OF-INCORPORATION>OH
<FISCAL-YEAR-END>0831
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>4
<ACT>34
<FILE-NUMBER>001-09967
<FILM-NUMBER>03504507
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>7887 WASHINGTON VILLAGE DR
<CITY>DAYTON
<STATE>OH
<ZIP>45459
<PHONE>9372917000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>7887 WASHINGTON VILLAGE DRIVE
<CITY>DAYTON
<STATE>OH
<ZIP>45459
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>DAYTON MALLEABLE IRON CO
<DATE-CHANGED>19741216
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>DAYTON MALLEABLE INC
<DATE-CHANGED>19831219
</FORMER-COMPANY>
</SUBJECT-COMPANY>
<REPORTING-OWNER>
<COMPANY-DATA>
<CONFORMED-NAME>AMCAST INDUSTRIAL CORP
<CIK>0000027425
<ASSIGNED-SIC>3490
<RELATIONSHIP>DIRECTOR
<IRS-NUMBER>310258080
<STATE-OF-INCORPORATION>OH
<FISCAL-YEAR-END>0831
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>4
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>7887 WASHINGTON VILLAGE DR
<CITY>DAYTON
<STATE>OH
<ZIP>45459
<PHONE>9372917000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>7887 WASHINGTON VILLAGE DRIVE
<CITY>DAYTON
<STATE>OH
<ZIP>45459
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>DAYTON MALLEABLE IRON CO
<DATE-CHANGED>19741216
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>DAYTON MALLEABLE INC
<DATE-CHANGED>19831219
</FORMER-COMPANY>
</REPORTING-OWNER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4.txt
<DESCRIPTION>FORSTER FORM 4
<TEXT>
                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                                           OMB APPROVAL
                                                   ----------------------------
                                                   OMB Number:        3235-0287
                                                   Expires:    January 31, 2005
                                                   Estimated average burden
                                                   hours per response.......0.5
                                                   ----------------------------


                                     FORM 4

                  STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

    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

[_] Check this box if no longer subject to Section 16. Form 4 or 5 obligations
    may continue.  See Instruction 1(b).

(Print or Type Responses)

-------------------------------------------------------------------------------
1. Name and Address of Reporting Person*
  Forster,                        Peter                  H.
-------------------------------------------------------------------------------
  (Last)                         (First)              (Middle)
  7887 Washington Village Drive
-------------------------------------------------------------------------------
  (Street)
  Dayton,                          OH                 45459
-------------------------------------------------------------------------------
  (City)                         (State)              (Zip)

-------------------------------------------------------------------------------
2. Issuer Name and Ticker or Trading Symbol
  Amcast Industrial Corporation (AIZ)
-------------------------------------------------------------------------------
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)

-------------------------------------------------------------------------------
4. Statement for Month/Day/Year
  January 2, 2003
-------------------------------------------------------------------------------
5. If Amendment, Date of Original (Month/Day/Year)

-------------------------------------------------------------------------------
6. Relationship of Reporting Person(s) to Issuer
   (Check all applicable)

   [X] Director                           [ ] 10% Owner
   [ ] Officer (give title below)         [ ] Other (specify below)

   ---------------------------------------------------------------
-------------------------------------------------------------------------------
7. Individual or Joint/Group Filing (Check Applicable Line)

   [X] Form filed by One Reporting Person
   [ ] Form filed by More than One Reporting Person
-------------------------------------------------------------------------------
================================================================================
           Table - I Non-Derivative Securities Acquired, Disposed of,
                             or Beneficially Owned
================================================================================
<TABLE>
<CAPTION>
                                 2A.                    4. Securities
                                 Deemed                 Acquired(A)
                    2.           Execution 3.           or Disposed(D)       5.
                    Transaction  Date,     Transaction  (Instr.3, 4 & 5)     Amount of Securities   6. Ownership      7. Nature of
                    Date         if any    Code         ------------------   Beneficially Owned     Form: Direct      Indirect
1.                  (Month/      (Month/   (Instr. 8)            (A)         Following Reported     (D) or            Beneficial
Title of Security   Day/         Day/      -----------           or          Transaction(s)         Indirect (I)      Ownership
(Instr. 3)          Year)        Year)     Code    V    Amount   (D)  Price  (Instr. 3 & 4)         (Instr. 4)        (Instr. 4)
<S>                 <C>          <C>       <C>     <C>  <C>      <C>  <C>    <C>                    <C>               <C>
-----------------------------------------------------------------------------------------------------------------------------------
Common Shares       1/2/2003     1/2/2003   A            9,142    A   (1)
-----------------------------------------------------------------------------------------------------------------------------------
Common Shares       1/2/2003     1/2/2003   A              200    A   (2)     25,491                D
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------

</TABLE>

<PAGE>
================================================================================
 Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
         (e.g., puts, calls, warrants, options, convertible securities)
================================================================================
<TABLE>
<CAPTION>
                                                                                            5.
                                                                                            Number of
                                                                                            Derivative
                                                                                            Securities
                                                                                            Acquired(A)       6.
                    2.                                  3A.               4.                or Disposed       Date Exercisable and
1.                  Conversion        3.                Deemed            Transaction       of (D)            Expiration Date
Title of            or Exercise       Transaction       Execution         Code              (Instr. 3         (Month/Day/Year)
Derivative          Price of          Date              Date, if          (Instr. 8)         4, and 5)        ----------------------
Security            Derivative        (Month/Day/       any (Month/       -----------       -----------       Date        Expiration
(Instr. 3)          Security          Year)             Day/Year)         Code     V        (A)    (D)        Exercisable Date
<S>                 <C>               <C>               <C>               <C>      <C>      <C>    <C>        <C>         <C>
-----------------------------------------------------------------------------------------------------------------------------------
Stock Option
(Right to Buy)      $1.755            1/2/2003          1/2/2003           A                1,500             1/2/2004    1/1/2008
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>

7.
Title and
Amount of                                 9.                10.
Underlying                                Number of         Ownership
Securities                                Derivative        Form of
(Instr.3 and 4)                           Securities        Derivative
----------------------                    Beneficially      Security          11.
                Amount    8.              Owned             Direct (D)        Nature of
                or        Price of        Following         or                Indirect
                Number    Derivative      Reported          Indirect          Beneficial
                of        Security        Transaction(s)    (I)               Ownership
Title           Shares    (Instr. 5)      (Instr. 4)        (Instr. 4)        (Instr. 4)
<S>             <C>       <C>             <C>               <C>               <C>
-----------------------------------------------------------------------------------------------------------------------------------
Common Shares   1,500                     1,500                D
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------

</TABLE>

Explanation of responses:
(1) Represents payment of yearly director stipend in shares of Amcast
    Industrial Corporation stock rather than cash.
(2) Represents additional director compensation granted by Company in
    restricted stock rather than cash.



            /s/ Peter H. Forster, by Sandra L. Rawnsley,
            Attorney-in-Fact under POA filed herewith    1/3/03
            --------------------------------        -----------------
            **Signature of Reporting Person                Date





Reminder: Report on a separate line for each class of securities beneficially
          owned directly or indirectly.

          *  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).

Note: File three copies of this Form, one of which must be manually signed.
      If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>3
<FILENAME>poa.txt
<DESCRIPTION>FORSTER POWER OF ATTORNEY
<TEXT>
                                POWER OF ATTORNEY

         Know all by these presents, that the undersigned hereby constitutes and
appoints  Samuel T. Rees, Vice  President,  General  Counsel and Secretary,  and
Sandra L. Rawnsley,  Senior  Paralegal,  of Amcast  Industrial  Corporation (the
"Company")  and each of them  individually,  the  undersigned's  true and lawful
attorney-in-fact to:

(1)  execute for an on behalf of the undersigned,  in the undersigned's capacity
     as a  Director  of  Amcast  Industrial  Corporation,  Forms  3,  4 and 5 in
     accordance  with Section 16(a) of the  Securities  Exchange Act of 1934 and
     the rules thereunder;

(2)  do and perform any and all acts for and on behalf of the undersigned  which
     may be  necessary  or desirable to complete and execute any such Forms 3, 4
     and 5 and  timely  file such form with the  United  States  Securities  and
     Exchange Commission and any stock exchange or similar authority; and

(3)  take  any  other  action  of any type  whatsoever  in  connection  with the
     foregoing which, in the opinion of such attorney-in-fact, may be of benefit
     to, in the best interest of, or legally  required by, the  undersigned;  it
     being understood that the documents  executed by such  attorney-in-fact  on
     behalf of the  undersigned  pursuant to this Power of Attorney  shall be in
     such  form  and  shall   contain   such  terms  and   conditions   as  such
     attorney-in-fact may approve in such attorney-in-fact's discretion.

         The undersigned hereby grants to such  attorney-in-fact  full power and
authority  to do and perform  any of the rights and powers  herein  granted,  as
fully  to all  intents  and  purposes  as the  undersigned  might or could do if
personally  present,  with full  power of  substitution  or  revocation,  hereby
ratifying   and   confirming   all   that   such   attorney-in-fact,   or   such
attorney-in-fact's  substitute,  shall lawfully do or cause to be done by virtue
of this power of attorney and rights and powers herein granted.  The undersigned
acknowledges that the foregoing  attorneys-in-fact,  in serving in such capacity
at  the  request  of the  undersigned,  are  not  assuming,  nor is the  Company
assuming, any of the undersigned's responsibilities to comply with Section 16 of
the Securities and Exchange Act of 1934.

         This Power of Attorney  shall remain in full force and effect until the
undersigned  is no longer  required to file Forms 3, 4 and 5 with respect to the
undersigned's  holdings of and transactions in securities issued by the Company,
unless earlier revoked by the  undersigned in a signed writing  delivered to the
foregoing attorneys-in-fact.

IN WITNESS  WHEREOF,  the  undersigned  has caused  this Power of Attorney to be
executed this 15th day of October, 2002.


                                                     /s/ Peter H. Forster
                                                     ------------------------
                                                     Peter H. Forster


</TEXT>
</DOCUMENT>
</SUBMISSION>
