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: 2004-06-14

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-06-14	61-Common Stock	S	1400.0000	$72.6600	Disposed	152116904.0000	Direct
2004-06-14	62-Common Stock	S	2900.0000	$72.6500	Disposed	152114004.0000	Direct
2004-06-14	63-Common Stock	S	800.0000	$72.6400	Disposed	152113204.0000	Direct
2004-06-14	64-Common Stock	S	3700.0000	$72.6100	Disposed	152109504.0000	Direct
2004-06-14	65-Common Stock	S	1000.0000	$72.6000	Disposed	152108504.0000	Direct
2004-06-14	66-Common Stock	S	1600.0000	$72.5800	Disposed	152106904.0000	Direct
2004-06-14	67-Common Stock	S	1800.0000	$72.5700	Disposed	152105104.0000	Direct
2004-06-14	68-Common Stock	S	300.0000	$72.5600	Disposed	152104804.0000	Direct
2004-06-14	69-Common Stock	S	4000.0000	$72.5300	Disposed	152100804.0000	Direct