ELI LILLY & Co — Director's Dealing 2003

Sep 9, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2003-09-08

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-08	61-Common Stock	S	900	$61.55	Disposed	154899804	Direct
2003-09-08	62-Common Stock	S	2400	$61.54	Disposed	154897404	Direct
2003-09-08	63-Common Stock	S	1600	$61.52	Disposed	154895804	Direct