ELI LILLY & Co - Director's Dealing 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2004-08-17

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-08-17	31-Common Stock	S	1100	$62.99	Disposed	151420704	Direct
2004-08-17	32-Common Stock	S	2200	$62.98	Disposed	151418504	Direct
2004-08-17	33-Common Stock	S	3600	$62.97	Disposed	151414904	Direct
2004-08-17	34-Common Stock	S	1800	$62.96	Disposed	151413104	Direct
2004-08-17	35-Common Stock	S	6800	$62.95	Disposed	151406304	Direct
2004-08-17	36-Common Stock	S	4900	$62.94	Disposed	151401404	Direct
2004-08-17	37-Common Stock	S	5200	$62.93	Disposed	151396204	Direct
2004-08-17	38-Common Stock	S	1200	$62.92	Disposed	151395004	Direct
2004-08-17	39-Common Stock	S	4800	$62.90	Disposed	151390204	Direct
2004-08-17	40-Common Stock	S	2000	$62.89	Disposed	151388204	Direct
2004-08-17	41-Common Stock	S	1200	$62.88	Disposed	151387004	Direct
2004-08-17	42-Common Stock	S	2400	$62.87	Disposed	151384604	Direct
2004-08-17	43-Common Stock	S	600	$62.86	Disposed	151384004	Direct
2004-08-17	44-Common Stock	S	5500	$62.85	Disposed	151378504	Direct
2004-08-17	45-Common Stock	S	3600	$62.83	Disposed	151374904	Direct
2004-08-17	46-Common Stock	S	1200	$62.82	Disposed	151373704	Direct
2004-08-17	47-Common Stock	S	2000	$62.81	Disposed	151371704	Direct
2004-08-17	48-Common Stock	S	3600	$62.80	Disposed	151368104	Direct
2004-08-17	49-Common Stock	S	800	$62.79	Disposed	151367304	Direct
2004-08-17	50-Common Stock	S	800	$62.77	Disposed	151366504	Direct
2004-08-17	51-Common Stock	S	700	$62.74	Disposed	151365804	Direct