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: 2003-08-18

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-18	31-Common Stock	S	1000	$61.58	Disposed	156215204	Direct
2003-08-18	32-Common Stock	S	1600	$61.57	Disposed	156213604	Direct
2003-08-18	33-Common Stock	S	1800	$61.56	Disposed	156211804	Direct
2003-08-18	34-Common Stock	S	1900	$61.55	Disposed	156209904	Direct
2003-08-18	35-Common Stock	S	1400	$61.54	Disposed	156208504	Direct
2003-08-18	36-Common Stock	S	1000	$61.53	Disposed	156207504	Direct
2003-08-18	37-Common Stock	S	1700	$61.52	Disposed	156205804	Direct
2003-08-18	38-Common Stock	S	1000	$61.49	Disposed	156204804	Direct
2003-08-18	39-Common Stock	S	900	$61.46	Disposed	156203904	Direct
2003-08-18	40-Common Stock	S	1000	$61.45	Disposed	156202904	Direct
2003-08-18	41-Common Stock	S	1000	$61.43	Disposed	156201904	Direct
2003-08-18	42-Common Stock	S	1000	$61.42	Disposed	156200904	Direct
2003-08-18	43-Common Stock	S	100	$61.41	Disposed	156200804	Direct
2003-08-18	44-Common Stock	S	1000	$61.4	Disposed	156199804	Direct
2003-08-18	45-Common Stock	S	1000	$61.37	Disposed	156198804	Direct
2003-08-18	46-Common Stock	S	2000	$61.35	Disposed	156196804	Direct
2003-08-18	47-Common Stock	S	1000	$61.32	Disposed	156195804	Direct