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: 2003-08-28

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-28	61-Common Stock	S	1000	$65.21	Disposed	155298404	Direct
2003-08-28	62-Common Stock	S	3000	$65.2	Disposed	155295404	Direct
2003-08-28	63-Common Stock	S	1000	$65.18	Disposed	155294404	Direct
2003-08-28	64-Common Stock	S	3000	$65.17	Disposed	155291404	Direct
2003-08-28	65-Common Stock	S	1000	$65.16	Disposed	155290404	Direct
2003-08-28	66-Common Stock	S	2000	$65.15	Disposed	155288404	Direct
2003-08-28	67-Common Stock	S	800	$65.13	Disposed	155287604	Direct
2003-08-28	68-Common Stock	S	1000	$65.11	Disposed	155286604	Direct
2003-08-28	69-Common Stock	S	1800	$65.09	Disposed	155284804	Direct
2003-08-28	70-Common Stock	S	1000	$65.08	Disposed	155283804	Direct
2003-08-28	71-Common Stock	S	1000	$65.05	Disposed	155282804	Direct
2003-08-28	72-Common Stock	S	1000	$65	Disposed	155281804	Direct
2003-08-28	73-Common Stock	S	3000	$64.99	Disposed	155278804	Direct
2003-08-28	74-Common Stock	S	1000	$64.95	Disposed	155277804	Direct
2003-08-28	75-Common Stock	S	1600	$64.9	Disposed	155276204	Direct
2003-08-28	76-Common Stock	S	800	$64.88	Disposed	155275404	Direct
2003-08-28	77-Common Stock	S	800	$64.87	Disposed	155274604	Direct
2003-08-28	78-Common Stock	S	1000	$64.84	Disposed	155273604	Direct
2003-08-28	79-Common Stock	S	800	$64.83	Disposed	155272804	Direct
2003-08-28	80-Common Stock	S	1000	$64.81	Disposed	155271804	Direct
2003-08-28	81-Common Stock	S	800	$64.8	Disposed	155271004	Direct
2003-08-28	82-Common Stock	S	200	$64.78	Disposed	155270804	Direct