ELI LILLY & Co — Director's Dealing 2003

Aug 20, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2003-08-19

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-19	31-Common Stock	S	400	$61.08	Disposed	156124704	Direct
2003-08-19	32-Common Stock	S	400	$61.07	Disposed	156124304	Direct
2003-08-19	33-Common Stock	S	1200	$61.06	Disposed	156123104	Direct
2003-08-19	34-Common Stock	S	1100	$61.05	Disposed	156122004	Direct
2003-08-19	35-Common Stock	S	200	$61.04	Disposed	156121804	Direct
2003-08-19	36-Common Stock	S	1000	$61.02	Disposed	156120804	Direct