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	1-Common Stock	S	1100	$62.64	Disposed	151554704	Direct
2004-08-11	2-Common Stock	S	1600	$62.63	Disposed	151553104	Direct
2004-08-11	3-Common Stock	S	2700	$62.62	Disposed	151550404	Direct
2004-08-11	4-Common Stock	S	5600	$62.60	Disposed	151544804	Direct
2004-08-11	5-Common Stock	S	1600	$62.56	Disposed	151543204	Direct
2004-08-11	6-Common Stock	S	1100	$62.55	Disposed	151542104	Direct
2004-08-11	7-Common Stock	S	1100	$62.53	Disposed	151541004	Direct
2004-08-11	8-Common Stock	S	1600	$62.52	Disposed	151539404	Direct
2004-08-11	9-Common Stock	S	4300	$62.50	Disposed	151535104	Direct
2004-08-11	10-Common Stock	S	1400	$62.49	Disposed	151533704	Direct
2004-08-11	11-Common Stock	S	1100	$62.48	Disposed	151532604	Direct
2004-08-11	12-Common Stock	S	2100	$62.47	Disposed	151530504	Direct
2004-08-11	13-Common Stock	S	1600	$62.46	Disposed	151528904	Direct
2004-08-11	14-Common Stock	S	600	$62.45	Disposed	151528304	Direct
2004-08-11	15-Common Stock	S	1100	$62.44	Disposed	151527204	Direct
2004-08-11	16-Common Stock	S	1800	$62.43	Disposed	151525404	Direct
2004-08-11	17-Common Stock	S	1700	$62.41	Disposed	151523704	Direct
2004-08-11	18-Common Stock	S	1700	$62.40	Disposed	151522004	Direct
2004-08-11	19-Common Stock	S	900	$62.39	Disposed	151521104	Direct
2004-08-11	20-Common Stock	S	1300	$62.38	Disposed	151519804	Direct
2004-08-11	21-Common Stock	S	1700	$62.37	Disposed	151518104	Direct
2004-08-11	22-Common Stock	S	600	$62.36	Disposed	151517504	Direct
2004-08-11	23-Common Stock	S	500	$62.35	Disposed	151517004	Direct
2004-08-11	24-Common Stock	S	900	$62.34	Disposed	151516104	Direct
2004-08-11	25-Common Stock	S	1000	$62.33	Disposed	151515104	Direct
2004-08-11	26-Common Stock	S	500	$62.30	Disposed	151514604	Direct
2004-08-11	27-Common Stock	S	800	$62.27	Disposed	151513804	Direct
2004-08-11	28-Common Stock	S	600	$62.25	Disposed	151513204	Direct
2004-08-11	29-Common Stock	S	800	$62.24	Disposed	151512404	Direct
2004-08-11	30-Common Stock	S	1300	$62.23	Disposed	151511104	Direct