ELI LILLY & Co — Director's Dealing 2003

Sep 10, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-09	1-Common Stock	S	900	$62.1	Disposed	154894904	Direct
2003-09-09	2-Common Stock	S	1500	$61.99	Disposed	154893404	Direct
2003-09-09	3-Common Stock	S	4000	$61.98	Disposed	154889404	Direct
2003-09-09	4-Common Stock	S	1800	$61.96	Disposed	154887604	Direct
2003-09-09	5-Common Stock	S	5200	$61.95	Disposed	154882404	Direct
2003-09-09	6-Common Stock	S	2600	$61.94	Disposed	154879804	Direct
2003-09-09	7-Common Stock	S	2600	$61.93	Disposed	154877204	Direct
2003-09-09	8-Common Stock	S	4200	$61.92	Disposed	154873004	Direct
2003-09-09	9-Common Stock	S	4800	$61.91	Disposed	154868204	Direct
2003-09-09	10-Common Stock	S	4400	$61.9	Disposed	154863804	Direct
2003-09-09	11-Common Stock	S	2800	$61.89	Disposed	154861004	Direct
2003-09-09	12-Common Stock	S	5800	$61.88	Disposed	154855204	Direct
2003-09-09	13-Common Stock	S	6600	$61.87	Disposed	154848604	Direct
2003-09-09	14-Common Stock	S	1800	$61.86	Disposed	154846804	Direct
2003-09-09	15-Common Stock	S	3400	$61.85	Disposed	154843404	Direct
2003-09-09	16-Common Stock	S	15900	$61.84	Disposed	154827504	Direct
2003-09-09	17-Common Stock	S	1500	$61.83	Disposed	154826004	Direct
2003-09-09	18-Common Stock	S	1000	$61.82	Disposed	154825004	Direct
2003-09-09	19-Common Stock	S	4200	$61.81	Disposed	154820804	Direct
2003-09-09	20-Common Stock	S	1900	$61.8	Disposed	154818904	Direct
2003-09-09	21-Common Stock	S	1400	$61.79	Disposed	154817504	Direct
2003-09-09	22-Common Stock	S	1000	$61.78	Disposed	154816504	Direct
2003-09-09	23-Common Stock	S	800	$61.77	Disposed	154815704	Direct
2003-09-09	24-Common Stock	S	900	$61.76	Disposed	154814804	Direct
2003-09-09	25-Common Stock	S	1600	$61.75	Disposed	154813204	Direct
2003-09-09	26-Common Stock	S	2000	$61.74	Disposed	154811204	Direct
2003-09-09	27-Common Stock	S	2600	$61.72	Disposed	154808604	Direct
2003-09-09	28-Common Stock	S	1000	$61.7	Disposed	154807604	Direct
2003-09-09	29-Common Stock	S	6400	$61.69	Disposed	154801204	Direct
2003-09-09	30-Common Stock	S	1000	$61.68	Disposed	154800204	Direct