Damage at the scene is consistent with an EF0 tornado with wind speeds up to 85 mph.
The tornado watch includes most of the state of Indiana.
A severe thunderstorm watch remains in effect until 9 p.m. for central Indiana.
A significant snow storm is expected through Monday. Storm updates will be added here throughout the weekend.
The Indianapolis office of the National Weather Service has cut a third of its annual Skywarn training courses due to budget constraints.
A winter weather advisory remains in effect from 7 this evening to 10 a.m. Friday.
The first touched down near Elizabeth in Harrison County, and the second twister landed near West Baden Springs in Orange County.
Snow showers will be possible across portions of the region late Wednesday afternoon into Wednesday evening.
A wind chill advisory will take effect at 8 p.m. tonight through 11 a.m. Tuesday.
Traffic is still restricted to emergency personnel in some Indiana counties. In many others, officials are recommending people stay off the roads.