ELI LILLY & Co — Director's Dealing 2004

Aug 12, 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)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-08-11	31-Common Stock	S	700	$62.22	Disposed	151510404	Direct
2004-08-11	32-Common Stock	S	800	$62.19	Disposed	151509604	Direct
2004-08-11	33-Common Stock	S	800	$62.14	Disposed	151508804	Direct
2004-08-11	34-Common Stock	S	800	$62.09	Disposed	151508004	Direct
2004-08-11	35-Common Stock	S	1100	$62.08	Disposed	151506904	Direct
2004-08-11	36-Common Stock	S	700	$62.05	Disposed	151506204	Direct
2004-08-11	37-Common Stock	S	500	$62.04	Disposed	151505704	Direct
2004-08-11	38-Common Stock	S	700	$62.02	Disposed	151505004	Direct
2004-08-11	39-Common Stock	S	700	$62.01	Disposed	151504304	Direct
2004-08-11	40-Common Stock	S	2100	$62.00	Disposed	151502204	Direct
2004-08-11	41-Common Stock	S	1000	$61.98	Disposed	151501204	Direct
2004-08-11	42-Common Stock	S	800	$61.97	Disposed	151500404	Direct
2004-08-11	43-Common Stock	S	800	$61.93	Disposed	151499604	Direct
2004-08-11	44-Common Stock	S	800	$61.92	Disposed	151498804	Direct
2004-08-11	45-Common Stock	S	500	$61.91	Disposed	151498304	Direct
2004-08-11	46-Common Stock	S	1700	$61.90	Disposed	151496604	Direct
2004-08-11	47-Common Stock	S	1800	$61.88	Disposed	151494804	Direct
2004-08-11	48-Common Stock	S	1400	$61.85	Disposed	151493404	Direct
2004-08-11	49-Common Stock	S	700	$61.77	Disposed	151492704	Direct
2004-08-11	50-Common Stock	S	900	$61.75	Disposed	151491804	Direct
2004-08-11	51-Common Stock	S	900	$61.65	Disposed	151490904	Direct
2004-08-11	52-Common Stock	S	1000	$61.45	Disposed	151489904	Direct
2004-08-11	53-Common Stock	S	900	$61.30	Disposed	151489004	Direct
2004-08-11	54-Common Stock	S	800	$61.26	Disposed	151488204	Direct
2004-08-11	55-Common Stock	S	900	$61.23	Disposed	151487304	Direct
2004-08-11	56-Common Stock	S	600	$61.15	Disposed	151486704	Direct
2004-08-11	57-Common Stock	S	800	$61.14	Disposed	151485904	Direct
2004-08-11	58-Common Stock	S	700	$61.12	Disposed	151485204	Direct
2004-08-11	59-Common Stock	S	600	$61.08	Disposed	151484604	Direct
2004-08-11	60-Common Stock	S	2200	$61.06	Disposed	151482404	Direct