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: 2004-05-05

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-05-05	31-Common Stock	S	5200.0000	$75.4200	Disposed	153021004.0000	Direct
2004-05-05	32-Common Stock	S	2700.0000	$75.4100	Disposed	153018304.0000	Direct
2004-05-05	33-Common Stock	S	700.0000	$75.4000	Disposed	153017604.0000	Direct
2004-05-05	34-Common Stock	S	2300.0000	$75.3900	Disposed	153015304.0000	Direct
2004-05-05	35-Common Stock	S	1600.0000	$75.3800	Disposed	153013704.0000	Direct
2004-05-05	36-Common Stock	S	3400.0000	$75.3600	Disposed	153010304.0000	Direct
2004-05-05	37-Common Stock	S	2300.0000	$75.3500	Disposed	153008004.0000	Direct
2004-05-05	38-Common Stock	S	4300.0000	$75.3300	Disposed	153003704.0000	Direct
2004-05-05	39-Common Stock	S	2000.0000	$75.3100	Disposed	153001704.0000	Direct
2004-05-05	40-Common Stock	S	1600.0000	$75.3000	Disposed	153000104.0000	Direct
2004-05-05	41-Common Stock	S	1600.0000	$75.2900	Disposed	152998504.0000	Direct
2004-05-05	42-Common Stock	S	600.0000	$75.2800	Disposed	152997904.0000	Direct
2004-05-05	43-Common Stock	S	100.0000	$75.2600	Disposed	152997804.0000	Direct
2004-05-05	44-Common Stock	S	400.0000	$75.2500	Disposed	152997404.0000	Direct
2004-05-05	45-Common Stock	S	1600.0000	$75.1900	Disposed	152995804.0000	Direct