ELI LILLY & Co - Director's Dealing 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2003-09-11

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-11	61-Common Stock	S	2400	$61.45	Disposed	154450504	Direct
2003-09-11	62-Common Stock	S	800	$61.44	Disposed	154449704	Direct
2003-09-11	63-Common Stock	S	800	$61.43	Disposed	154448904	Direct
2003-09-11	64-Common Stock	S	4000	$61.42	Disposed	154444904	Direct
2003-09-11	65-Common Stock	S	1600	$61.4	Disposed	154443304	Direct
2003-09-11	66-Common Stock	S	800	$61.39	Disposed	154442504	Direct
2003-09-11	67-Common Stock	S	800	$61.38	Disposed	154441704	Direct
2003-09-11	68-Common Stock	S	1600	$61.37	Disposed	154440104	Direct
2003-09-11	69-Common Stock	S	800	$61.36	Disposed	154439304	Direct
2003-09-11	70-Common Stock	S	1600	$61.34	Disposed	154437704	Direct
2003-09-11	71-Common Stock	S	4000	$61.33	Disposed	154433704	Direct
2003-09-11	72-Common Stock	S	1600	$61.32	Disposed	154432104	Direct
2003-09-11	73-Common Stock	S	1600	$61.26	Disposed	154430504	Direct
2003-09-11	74-Common Stock	S	1000	$61.25	Disposed	154429504	Direct
2003-09-11	75-Common Stock	S	1400	$61.24	Disposed	154428104	Direct
2003-09-11	76-Common Stock	S	800	$61.14	Disposed	154427304	Direct
2003-09-11	77-Common Stock	S	3300	$61.11	Disposed	154424004	Direct
2003-09-11	78-Common Stock	S	6400	$61.1	Disposed	154417604	Direct
2003-09-11	79-Common Stock	S	3700	$61.09	Disposed	154413904	Direct
2003-09-11	80-Common Stock	S	4100	$61.07	Disposed	154409804	Direct
2003-09-11	81-Common Stock	S	800	$61.06	Disposed	154409004	Direct
2003-09-11	82-Common Stock	S	7400	$61	Disposed	154401604	Direct
2003-09-11	83-Common Stock	S	5800	$60.97	Disposed	154395804	Direct