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: 2003-08-11

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-11	31-Common Stock	S	3200	$62.91	Disposed	156499004	Direct
2003-08-11	32-Common Stock	S	3300	$62.9	Disposed	156495704	Direct
2003-08-11	33-Common Stock	S	1700	$62.89	Disposed	156494004	Direct
2003-08-11	34-Common Stock	S	2700	$62.88	Disposed	156491304	Direct
2003-08-11	35-Common Stock	S	1100	$62.87	Disposed	156490204	Direct
2003-08-11	36-Common Stock	S	1700	$62.86	Disposed	156488504	Direct
2003-08-11	37-Common Stock	S	500	$62.85	Disposed	156488004	Direct
2003-08-11	38-Common Stock	S	800	$62.83	Disposed	156487204	Direct
2003-08-11	39-Common Stock	S	1700	$62.82	Disposed	156485504	Direct
2003-08-11	40-Common Stock	S	4100	$62.8	Disposed	156481404	Direct
2003-08-11	41-Common Stock	S	700	$62.79	Disposed	156480704	Direct
2003-08-11	42-Common Stock	S	600	$62.76	Disposed	156480104	Direct
2003-08-11	43-Common Stock	S	500	$62.71	Disposed	156479604	Direct
2003-08-11	44-Common Stock	S	600	$62.68	Disposed	156479004	Direct
2003-08-11	45-Common Stock	S	2400	$62.64	Disposed	156476604	Direct
2003-08-11	46-Common Stock	S	800	$62.61	Disposed	156475804	Direct