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: 2004-04-29

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-04-29	61-Common Stock	S	2900.0000	$73.1600	Disposed	153255104.0000	Direct
2004-04-29	62-Common Stock	S	600.0000	$73.1400	Disposed	153254504.0000	Direct
2004-04-29	63-Common Stock	S	600.0000	$73.1300	Disposed	153253904.0000	Direct
2004-04-29	64-Common Stock	S	1000.0000	$73.1000	Disposed	153252904.0000	Direct
2004-04-29	65-Common Stock	S	600.0000	$73.0900	Disposed	153252304.0000	Direct
2004-04-29	66-Common Stock	S	1200.0000	$73.0600	Disposed	153251104.0000	Direct
2004-04-29	67-Common Stock	S	1200.0000	$73.0500	Disposed	153249904.0000	Direct
2004-04-29	68-Common Stock	S	600.0000	$73.0300	Disposed	153249304.0000	Direct
2004-04-29	69-Common Stock	S	700.0000	$72.9400	Disposed	153248604.0000	Direct
2004-04-29	70-Common Stock	S	1000.0000	$72.8500	Disposed	153247604.0000	Direct
2004-04-29	71-Common Stock	S	1200.0000	$72.8400	Disposed	153246404.0000	Direct
2004-04-29	72-Common Stock	S	600.0000	$72.8100	Disposed	153245804.0000	Direct