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: 2004-07-29

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-07-29	31-Common Stock	S	5800	$63.70	Disposed	151833004	Direct
2004-07-29	32-Common Stock	S	600	$63.68	Disposed	151832404	Direct
2004-07-29	33-Common Stock	S	3700	$63.64	Disposed	151828704	Direct
2004-07-29	34-Common Stock	S	1800	$63.63	Disposed	151826904	Direct
2004-07-29	35-Common Stock	S	900	$63.62	Disposed	151826004	Direct
2004-07-29	36-Common Stock	S	1300	$63.60	Disposed	151824704	Direct
2004-07-29	37-Common Stock	S	600	$63.56	Disposed	151824104	Direct
2004-07-29	38-Common Stock	S	700	$63.55	Disposed	151823404	Direct
2004-07-29	39-Common Stock	S	500	$63.54	Disposed	151822904	Direct
2004-07-29	40-Common Stock	S	800	$63.51	Disposed	151822104	Direct
2004-07-29	41-Common Stock	S	500	$63.49	Disposed	151821604	Direct
2004-07-29	42-Common Stock	S	800	$63.48	Disposed	151820804	Direct