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: 2004-08-11

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-08-11	61-Common Stock	S	800	$61.04	Disposed	151481604	Direct
2004-08-11	62-Common Stock	S	1900	$61.00	Disposed	151479704	Direct
2004-08-11	63-Common Stock	S	1100	$60.97	Disposed	151478604	Direct
2004-08-11	64-Common Stock	S	1900	$60.96	Disposed	151476704	Direct
2004-08-11	65-Common Stock	S	1100	$60.93	Disposed	151475604	Direct
2004-08-11	66-Common Stock	S	1100	$60.91	Disposed	151474504	Direct
2004-08-11	67-Common Stock	S	800	$60.89	Disposed	151473704	Direct
2004-08-11	68-Common Stock	S	2200	$60.87	Disposed	151471504	Direct
2004-08-11	69-Common Stock	S	800	$60.81	Disposed	151470704	Direct
2004-08-11	70-Common Stock	S	1600	$60.80	Disposed	151469104	Direct
2004-08-11	71-Common Stock	S	1100	$60.75	Disposed	151468004	Direct
2004-08-11	72-Common Stock	S	1100	$60.67	Disposed	151466904	Direct
2004-08-11	73-Common Stock	S	1100	$60.66	Disposed	151465804	Direct