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: 2003-08-13

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-13	31-Common Stock	S	2500	$62.26	Disposed	156338404	Direct
2003-08-13	32-Common Stock	S	2700	$62.25	Disposed	156335704	Direct
2003-08-13	33-Common Stock	S	1900	$62.24	Disposed	156333804	Direct
2003-08-13	34-Common Stock	S	2700	$62.22	Disposed	156331104	Direct
2003-08-13	35-Common Stock	S	1700	$62.21	Disposed	156329404	Direct
2003-08-13	36-Common Stock	S	7000	$62.2	Disposed	156322404	Direct
2003-08-13	37-Common Stock	S	1200	$62.19	Disposed	156321204	Direct
2003-08-13	38-Common Stock	S	1600	$62.18	Disposed	156319604	Direct
2003-08-13	39-Common Stock	S	2400	$62.17	Disposed	156317204	Direct
2003-08-13	40-Common Stock	S	1000	$62.16	Disposed	156316204	Direct
2003-08-13	41-Common Stock	S	3100	$62.15	Disposed	156313104	Direct
2003-08-13	42-Common Stock	S	1700	$62.14	Disposed	156311404	Direct
2003-08-13	43-Common Stock	S	5700	$62.13	Disposed	156305704	Direct
2003-08-13	44-Common Stock	S	3300	$62.12	Disposed	156302404	Direct
2003-08-13	45-Common Stock	S	900	$62.11	Disposed	156301504	Direct
2003-08-13	46-Common Stock	S	1600	$62.1	Disposed	156299904	Direct
2003-08-13	47-Common Stock	S	500	$62.08	Disposed	156299404	Direct
2003-08-13	48-Common Stock	S	800	$62.07	Disposed	156298604	Direct
2003-08-13	49-Common Stock	S	400	$62.05	Disposed	156298204	Direct
2003-08-13	50-Common Stock	S	800	$62.04	Disposed	156297404	Direct
2003-08-13	51-Common Stock	S	400	$62.02	Disposed	156297004	Direct
2003-08-13	52-Common Stock	S	1200	$62.01	Disposed	156295804	Direct