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: 2004-07-27

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-07-27	61-Common Stock	S	1100	$62.61	Disposed	151927104	Direct
2004-07-27	62-Common Stock	S	3400	$62.60	Disposed	151923704	Direct
2004-07-27	63-Common Stock	S	600	$62.59	Disposed	151923104	Direct
2004-07-27	64-Common Stock	S	1700	$62.57	Disposed	151921404	Direct
2004-07-27	65-Common Stock	S	1000	$62.56	Disposed	151920404	Direct
2004-07-27	66-Common Stock	S	1400	$62.55	Disposed	151919004	Direct
2004-07-27	67-Common Stock	S	600	$62.54	Disposed	151918404	Direct
2004-07-27	68-Common Stock	S	1600	$62.53	Disposed	151916804	Direct
2004-07-27	69-Common Stock	S	2600	$62.52	Disposed	151914204	Direct
2004-07-27	70-Common Stock	S	600	$62.51	Disposed	151913604	Direct
2004-07-27	71-Common Stock	S	1600	$62.50	Disposed	151912004	Direct
2004-07-27	72-Common Stock	S	1400	$62.49	Disposed	151910604	Direct
2004-07-27	73-Common Stock	S	600	$62.48	Disposed	151910004	Direct
2004-07-27	74-Common Stock	S	600	$62.47	Disposed	151909404	Direct
2004-07-27	75-Common Stock	S	1200	$62.45	Disposed	151908204	Direct
2004-07-27	76-Common Stock	S	1800	$62.43	Disposed	151906404	Direct
2004-07-27	77-Common Stock	S	600	$62.40	Disposed	151905804	Direct
2004-07-27	78-Common Stock	S	800	$62.39	Disposed	151905004	Direct
2004-07-27	79-Common Stock	S	600	$62.37	Disposed	151904404	Direct
2004-07-27	80-Common Stock	S	2600	$62.35	Disposed	151901804	Direct
2004-07-27	81-Common Stock	S	600	$62.33	Disposed	151901204	Direct
2004-07-27	82-Common Stock	S	400	$62.31	Disposed	151900804	Direct