ELI LILLY & Co — Director's Dealing 2004

Aug 9, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2004-08-06

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-08-06	31-Common Stock	S	400	$60.75	Disposed	151701604	Direct
2004-08-06	32-Common Stock	S	300	$60.74	Disposed	151701304	Direct
2004-08-06	33-Common Stock	S	1000	$60.73	Disposed	151700304	Direct
2004-08-06	34-Common Stock	S	300	$60.71	Disposed	151700004	Direct
2004-08-06	35-Common Stock	S	1400	$60.70	Disposed	151698604	Direct
2004-08-06	36-Common Stock	S	1000	$60.69	Disposed	151697604	Direct
2004-08-06	37-Common Stock	S	500	$60.67	Disposed	151697104	Direct
2004-08-06	38-Common Stock	S	300	$60.66	Disposed	151696804	Direct
2004-08-06	39-Common Stock	S	700	$60.65	Disposed	151696104	Direct
2004-08-06	40-Common Stock	S	1300	$60.63	Disposed	151694804	Direct
2004-08-06	41-Common Stock	S	1100	$60.61	Disposed	151693704	Direct
2004-08-06	42-Common Stock	S	700	$60.60	Disposed	151693004	Direct
2004-08-06	43-Common Stock	S	700	$60.59	Disposed	151692304	Direct
2004-08-06	44-Common Stock	S	600	$60.58	Disposed	151691704	Direct
2004-08-06	45-Common Stock	S	600	$60.57	Disposed	151691104	Direct
2004-08-06	46-Common Stock	S	500	$60.53	Disposed	151690604	Direct
2004-08-06	47-Common Stock	S	900	$60.52	Disposed	151689704	Direct
2004-08-06	48-Common Stock	S	800	$60.51	Disposed	151688904	Direct
2004-08-06	49-Common Stock	S	1800	$60.50	Disposed	151687104	Direct
2004-08-06	50-Common Stock	S	800	$60.48	Disposed	151686304	Direct
2004-08-06	51-Common Stock	S	1700	$60.45	Disposed	151684604	Direct
2004-08-06	52-Common Stock	S	2000	$60.39	Disposed	151682604	Direct
2004-08-06	53-Common Stock	S	400	$60.35	Disposed	151682204	Direct
2004-08-06	54-Common Stock	S	300	$60.34	Disposed	151681904	Direct
2004-08-06	55-Common Stock	S	1100	$60.31	Disposed	151680804	Direct