ELI LILLY & Co — Director's Dealing 2003

Aug 13, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2003-08-12

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-12	31-Common Stock	S	3700	$62.86	Disposed	156413604	Direct
2003-08-12	32-Common Stock	S	1900	$62.85	Disposed	156411704	Direct
2003-08-12	33-Common Stock	S	2900	$62.83	Disposed	156408804	Direct
2003-08-12	34-Common Stock	S	600	$62.82	Disposed	156408204	Direct
2003-08-12	35-Common Stock	S	1800	$62.8	Disposed	156406404	Direct
2003-08-12	36-Common Stock	S	600	$62.79	Disposed	156405804	Direct
2003-08-12	37-Common Stock	S	1800	$62.77	Disposed	156404004	Direct
2003-08-12	38-Common Stock	S	1200	$62.76	Disposed	156402804	Direct
2003-08-12	39-Common Stock	S	600	$62.75	Disposed	156402204	Direct
2003-08-12	40-Common Stock	S	2400	$62.74	Disposed	156399804	Direct
2003-08-12	41-Common Stock	S	3000	$62.73	Disposed	156396804	Direct
2003-08-12	42-Common Stock	S	500	$62.72	Disposed	156396304	Direct
2003-08-12	43-Common Stock	S	1200	$62.71	Disposed	156395104	Direct
2003-08-12	44-Common Stock	S	1200	$62.7	Disposed	156393904	Direct
2003-08-12	45-Common Stock	S	2700	$62.68	Disposed	156391204	Direct
2003-08-12	46-Common Stock	S	600	$62.67	Disposed	156390604	Direct
2003-08-12	47-Common Stock	S	1200	$62.65	Disposed	156389404	Direct
2003-08-12	48-Common Stock	S	2600	$62.64	Disposed	156386804	Direct
2003-08-12	49-Common Stock	S	1800	$62.62	Disposed	156385004	Direct
2003-08-12	50-Common Stock	S	1900	$62.61	Disposed	156383104	Direct
2003-08-12	51-Common Stock	S	1800	$62.6	Disposed	156381304	Direct
2003-08-12	52-Common Stock	S	1200	$62.59	Disposed	156380104	Direct
2003-08-12	53-Common Stock	S	1200	$62.58	Disposed	156378904	Direct
2003-08-12	54-Common Stock	S	1200	$62.57	Disposed	156377704	Direct
2003-08-12	55-Common Stock	S	1300	$62.56	Disposed	156376404	Direct
2003-08-12	56-Common Stock	S	600	$62.55	Disposed	156375804	Direct