ELI LILLY & Co — Director's Dealing 2003

Aug 14, 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)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-13	1-Common Stock	S	500	$62.68	Disposed	156375304	Direct
2003-08-13	2-Common Stock	S	800	$62.63	Disposed	156374504	Direct
2003-08-13	3-Common Stock	S	1000	$62.62	Disposed	156373504	Direct
2003-08-13	4-Common Stock	S	1300	$62.6	Disposed	156372204	Direct
2003-08-13	5-Common Stock	S	300	$62.59	Disposed	156371904	Direct
2003-08-13	6-Common Stock	S	1000	$62.57	Disposed	156370904	Direct
2003-08-13	7-Common Stock	S	1400	$62.55	Disposed	156369504	Direct
2003-08-13	8-Common Stock	S	2200	$62.54	Disposed	156367304	Direct
2003-08-13	9-Common Stock	S	800	$62.51	Disposed	156366504	Direct
2003-08-13	10-Common Stock	S	1500	$62.5	Disposed	156365004	Direct
2003-08-13	11-Common Stock	S	1200	$62.49	Disposed	156363804	Direct
2003-08-13	12-Common Stock	S	1600	$62.47	Disposed	156362204	Direct
2003-08-13	13-Common Stock	S	400	$62.46	Disposed	156361804	Direct
2003-08-13	14-Common Stock	S	1100	$62.45	Disposed	156360704	Direct
2003-08-13	15-Common Stock	S	400	$62.44	Disposed	156360304	Direct
2003-08-13	16-Common Stock	S	1800	$62.43	Disposed	156358504	Direct
2003-08-13	17-Common Stock	S	800	$62.41	Disposed	156357704	Direct
2003-08-13	18-Common Stock	S	1000	$62.39	Disposed	156356704	Direct
2003-08-13	19-Common Stock	S	800	$62.38	Disposed	156355904	Direct
2003-08-13	20-Common Stock	S	400	$62.37	Disposed	156355504	Direct
2003-08-13	21-Common Stock	S	1000	$62.36	Disposed	156354504	Direct
2003-08-13	22-Common Stock	S	2200	$62.35	Disposed	156352304	Direct
2003-08-13	23-Common Stock	S	800	$62.34	Disposed	156351504	Direct
2003-08-13	24-Common Stock	S	2600	$62.33	Disposed	156348904	Direct
2003-08-13	25-Common Stock	S	800	$62.32	Disposed	156348104	Direct
2003-08-13	26-Common Stock	S	1300	$62.31	Disposed	156346804	Direct
2003-08-13	27-Common Stock	S	900	$62.3	Disposed	156345904	Direct
2003-08-13	28-Common Stock	S	1700	$62.29	Disposed	156344204	Direct
2003-08-13	29-Common Stock	S	1200	$62.28	Disposed	156343004	Direct
2003-08-13	30-Common Stock	S	2100	$62.27	Disposed	156340904	Direct