ELI LILLY & Co — Director's Dealing 2003

Aug 27, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2003-08-26

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-26	61-Common Stock	S	1000	$63.88	Disposed	155604604	Direct
2003-08-26	62-Common Stock	S	3800	$63.86	Disposed	155600804	Direct
2003-08-26	63-Common Stock	S	1000	$63.85	Disposed	155599804	Direct
2003-08-26	64-Common Stock	S	2800	$63.83	Disposed	155597004	Direct
2003-08-26	65-Common Stock	S	2000	$63.82	Disposed	155595004	Direct
2003-08-26	66-Common Stock	S	1000	$63.81	Disposed	155594004	Direct
2003-08-26	67-Common Stock	S	7600	$63.8	Disposed	155586404	Direct
2003-08-26	68-Common Stock	S	1000	$63.79	Disposed	155585404	Direct
2003-08-26	69-Common Stock	S	3000	$63.78	Disposed	155582404	Direct
2003-08-26	70-Common Stock	S	1000	$63.77	Disposed	155581404	Direct
2003-08-26	71-Common Stock	S	1000	$63.75	Disposed	155580404	Direct
2003-08-26	72-Common Stock	S	1000	$63.73	Disposed	155579404	Direct
2003-08-26	73-Common Stock	S	3800	$63.72	Disposed	155575604	Direct
2003-08-26	74-Common Stock	S	3000	$63.7	Disposed	155572604	Direct
2003-08-26	75-Common Stock	S	1800	$63.69	Disposed	155570804	Direct
2003-08-26	76-Common Stock	S	800	$63.68	Disposed	155570004	Direct
2003-08-26	77-Common Stock	S	700	$63.67	Disposed	155569304	Direct
2003-08-26	78-Common Stock	S	5100	$63.65	Disposed	155564204	Direct
2003-08-26	79-Common Stock	S	1000	$63.63	Disposed	155563204	Direct
2003-08-26	80-Common Stock	S	800	$63.61	Disposed	155562404	Direct
2003-08-26	81-Common Stock	S	1100	$63.6	Disposed	155561304	Direct
2003-08-26	82-Common Stock	S	2900	$63.59	Disposed	155558404	Direct
2003-08-26	83-Common Stock	S	800	$63.58	Disposed	155557604	Direct
2003-08-26	84-Common Stock	S	2000	$63.57	Disposed	155555604	Direct
2003-08-26	85-Common Stock	S	800	$63.56	Disposed	155554804	Direct
2003-08-26	86-Common Stock	S	1000	$63.54	Disposed	155553804	Direct
2003-08-26	87-Common Stockl	S	1000	$63.51	Disposed	155552804	Direct
2003-08-26	88-Common Stock	S	2000	$63.5	Disposed	155550804	Direct