ELI LILLY & Co — Director's Dealing 2004

Jun 8, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2004-06-07

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-06-07	61-Common Stock	S	3000.0000	$74.9000	Disposed	152195804.0000	Direct
2004-06-07	62-Common Stock	S	1000.0000	$74.8900	Disposed	152194804.0000	Direct
2004-06-07	63-Common Stock	S	2000.0000	$74.8800	Disposed	152192804.0000	Direct
2004-06-07	64-Common Stock	S	1000.0000	$74.8700	Disposed	152191804.0000	Direct
2004-06-07	65-Common Stock	S	1000.0000	$74.8500	Disposed	152190804.0000	Direct