ELI LILLY & Co — Director's Dealing 2003

Oct 30, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2003-10-29

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-10-29	31-Common Stock	S	600	$66.45	Disposed	154178404	Direct
2003-10-29	32-Common Stock	S	3000	$66.44	Disposed	154175404	Direct
2003-10-29	33-Common Stock	S	600	$66.42	Disposed	154174804	Direct
2003-10-29	34-Common Stock	S	1000	$66.41	Disposed	154173804	Direct
2003-10-29	35-Common Stock	S	1100	$66.4	Disposed	154172704	Direct
2003-10-29	36-Common Stock	S	1200	$66.39	Disposed	154171504	Direct
2003-10-29	37-Common Stock	S	600	$66.38	Disposed	154170904	Direct
2003-10-29	38-Common Stock	S	600	$66.37	Disposed	154170304	Direct
2003-10-29	39-Common Stock	S	1000	$66.36	Disposed	154169304	Direct
2003-10-29	40-Common Stock	S	2400	$66.33	Disposed	154166904	Direct
2003-10-29	41-Common Stock	S	600	$66.32	Disposed	154166304	Direct
2003-10-29	42-Common Stock	S	1200	$66.3	Disposed	154165104	Direct
2003-10-29	43-Common Stock	S	600	$66.24	Disposed	154164504	Direct
2003-10-29	44-Common Stock	S	600	$66.23	Disposed	154163904	Direct
2003-10-29	45-Common Stock	S	1200	$66.22	Disposed	154162704	Direct
2003-10-29	46-Common Stock	S	1200	$66.21	Disposed	154161504	Direct
2003-10-29	47-Common Stock	S	2100	$66.2	Disposed	154159404	Direct
2003-10-29	48-Common Stock	S	2700	$66.19	Disposed	154156704	Direct
2003-10-29	49-Common Stock	S	1800	$66.18	Disposed	154154904	Direct
2003-10-29	50-Common Stock	S	600	$66.17	Disposed	154154304	Direct
2003-10-29	51-Common Stock	S	600	$66.16	Disposed	154153704	Direct
2003-10-29	52-Common Stock	S	1500	$66.15	Disposed	154152204	Direct
2003-10-29	53-Common Stock	S	3500	$66.14	Disposed	154148704	Direct
2003-10-29	54-Common Stock	S	6000	$66.13	Disposed	154142704	Direct
2003-10-29	55-Common Stock	S	3100	$66.12	Disposed	154139604	Direct
2003-10-29	56-Common Stock	S	1600	$66.11	Disposed	154138004	Direct
2003-10-29	57-Common Stock	S	3200	$66.1	Disposed	154134804	Direct
2003-10-29	58-Common Stock	S	4800	$66.09	Disposed	154130004	Direct
2003-10-29	59-Common Stock	S	1800	$66.08	Disposed	154128204	Direct
2003-10-29	60-Common Stock	S	600	$66.07	Disposed	154127604	Direct