ELI LILLY & Co — Director's Dealing 2004

Jun 16, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2004-06-15

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-06-15	31-Common Stock	S	2800.0000	$72.8900	Disposed	152036804.0000	Direct
2004-06-15	32-Common Stock	S	2000.0000	$72.8800	Disposed	152034804.0000	Direct
2004-06-15	33-Common Stock	S	1000.0000	$72.8700	Disposed	152033804.0000	Direct
2004-06-15	34-Common Stock	S	1600.0000	$72.8600	Disposed	152032204.0000	Direct
2004-06-15	35-Common Stock	S	4000.0000	$72.8400	Disposed	152028204.0000	Direct
2004-06-15	36-Common Stock	S	1800.0000	$72.8300	Disposed	152026404.0000	Direct
2004-06-15	37-Common Stock	S	600.0000	$72.8200	Disposed	152025804.0000	Direct
2004-06-15	38-Common Stock	S	2000.0000	$72.7900	Disposed	152023804.0000	Direct
2004-06-15	39-Common Stock	S	800.0000	$72.7600	Disposed	152023004.0000	Direct
2004-06-15	40-Common Stock	S	800.0000	$72.7400	Disposed	152022204.0000	Direct
2004-06-15	41-Common Stock	S	100.0000	$72.6900	Disposed	152022104.0000	Direct
2004-06-15	42-Common Stock	S	1800.0000	$72.6600	Disposed	152020304.0000	Direct
2004-06-15	43-Common Stock	S	800.0000	$72.6400	Disposed	152019504.0000	Direct
2004-06-15	44-Common Stock	S	2800.0000	$72.6300	Disposed	152016704.0000	Direct
2004-06-15	45-Common Stock	S	3400.0000	$72.6200	Disposed	152013304.0000	Direct
2004-06-15	46-Common Stock	S	3800.0000	$72.6100	Disposed	152009504.0000	Direct
2004-06-15	47-Common Stock	S	1000.0000	$72.5900	Disposed	152008504.0000	Direct
2004-06-15	48-Common Stock	S	800.0000	$72.5600	Disposed	152007704.0000	Direct
2004-06-15	49-Common Stock	S	1700.0000	$72.5400	Disposed	152006004.0000	Direct
2004-06-15	50-Common Stock	S	100.0000	$72.5000	Disposed	152005904.0000	Direct
2004-06-15	51-Common Stock	S	600.0000	$72.4800	Disposed	152005304.0000	Direct
2004-06-15	52-Common Stock	S	4500.0000	$72.4000	Disposed	152000804.0000	Direct