ELI LILLY & Co — Director's Dealing 2003

Aug 19, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2003-08-15

Reporting Person: HANISH ARNOLD C (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-04-21	Common Stock	G	1800.00	—	Disposed	17875.00	Direct
2003-04-25	Common Stock	G	63.00	—	Disposed	17812.00	Direct
2003-07-28	Common Stock	G	75.00	—	Disposed	17737.00	Direct
2003-08-15	Common Stock	S	5000.00	$61.67	Disposed	12737.00	Direct
2003-04-21	Common Stock	G	1000.00	—	Acquired	2500.00	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7566.00	Indirect

Footnotes

F1: Gift of 1,000 shares to reporting person's spouse.

F2: Reporting person disclaims beneficial ownership of these shares.