ELI LILLY & Co — Director's Dealing 2003

Sep 3, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2003-09-02

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-02	91-Common Stock	S	300	$65.89	Disposed	155095304	Direct
2003-09-02	92-Common Stock	S	1000	$65.88	Disposed	155094304	Direct
2003-09-02	93-Common Stock	S	2400	$65.86	Disposed	155091904	Direct
2003-09-02	94-Common Stock	S	500	$65.85	Disposed	155091404	Direct
2003-09-02	95-Common Stock	S	1700	$65.84	Disposed	155089704	Direct
2003-09-02	96-Common Stock	S	600	$65.83	Disposed	155089104	Direct
2003-09-02	97-Common Stock	S	200	$65.82	Disposed	155088904	Direct
2003-09-02	98-Common Stock	S	500	$65.81	Disposed	155088404	Direct
2003-09-02	99-Common Stock	S	1800	$65.8	Disposed	155086604	Direct
2003-09-02	100-Common Stock	S	1200	$65.79	Disposed	155085404	Direct
2003-09-02	101-Common Stock	S	900	$65.78	Disposed	155084504	Direct
2003-09-02	102-Common Stock	S	300	$65.77	Disposed	155084204	Direct
2003-09-02	103-Common Stock	S	1000	$65.76	Disposed	155083204	Direct
2003-09-02	104-Common Stock	S	900	$65.74	Disposed	155082304	Direct
2003-09-02	105-Common Stock	S	1200	$65.73	Disposed	155081104	Direct
2003-09-02	106-Common Stock	S	1000	$65.72	Disposed	155080104	Direct
2003-09-02	107-Common Stock	S	500	$65.71	Disposed	155079604	Direct
2003-09-02	108-Common Stock	S	2700	$65.7	Disposed	155076904	Direct
2003-09-02	109-Common Stock	S	600	$65.66	Disposed	155076304	Direct
2003-09-02	110-Common Stock	S	1000	$65.65	Disposed	155075304	Direct
2003-09-02	111-Common Stock	S	1400	$65.63	Disposed	155073904	Direct
2003-09-02	112-Common Stock	S	1000	$65.62	Disposed	155072904	Direct
2003-09-02	113-Common Stock	S	400	$65.61	Disposed	155072504	Direct
2003-09-02	114-Common Stock	S	1000	$65.6	Disposed	155071504	Direct
2003-09-02	115-Common Stock	S	600	$65.58	Disposed	155070904	Direct
2003-09-02	116-Common Stock	S	100	$65.57	Disposed	155070804	Direct