ELI LILLY & Co — Director's Dealing 2004

Apr 27, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2004-04-26

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-04-26	31-Common Stock	S	3200.0000	$73.2500	Disposed	153537104.0000	Direct
2004-04-26	32-Common Stock	S	7200.0000	$73.2400	Disposed	153529904.0000	Direct
2004-04-26	33-Common Stock	S	800.0000	$73.2200	Disposed	153529104.0000	Direct
2004-04-26	34-Common Stock	S	4100.0000	$73.2100	Disposed	153525004.0000	Direct
2004-04-26	35-Common Stock	S	5900.0000	$73.2000	Disposed	153519104.0000	Direct
2004-04-26	36-Common Stock	S	1200.0000	$73.1900	Disposed	153517904.0000	Direct
2004-04-26	37-Common Stock	S	1600.0000	$73.1800	Disposed	153516304.0000	Direct
2004-04-26	38-Common Stock	S	1800.0000	$73.1700	Disposed	153514504.0000	Direct
2004-04-26	39-Common Stock	S	3900.0000	$73.1600	Disposed	153510604.0000	Direct
2004-04-26	40-Common Stock	S	3700.0000	$73.1500	Disposed	153506904.0000	Direct
2004-04-26	41-Common Stock	S	1200.0000	$73.1400	Disposed	153505704.0000	Direct
2004-04-26	42-Common Stock	S	1800.0000	$73.1300	Disposed	153503904.0000	Direct
2004-04-26	43-Common Stock	S	4900.0000	$73.1100	Disposed	153499004.0000	Direct
2004-04-26	44-Common Stock	S	4500.0000	$73.1000	Disposed	153494504.0000	Direct
2004-04-26	45-Common Stock	S	4100.0000	$73.0700	Disposed	153490404.0000	Direct
2004-04-26	46-Common Stock	S	1200.0000	$73.0400	Disposed	153489204.0000	Direct
2004-04-26	47-Common Stock	S	1200.0000	$72.9900	Disposed	153488004.0000	Direct
2004-04-26	48-Common Stock	S	1200.0000	$72.9800	Disposed	153486804.0000	Direct
2004-04-26	49-Common Stock	S	1200.0000	$72.9400	Disposed	153485604.0000	Direct
2004-04-26	50-Common Stock	S	1200.0000	$72.9000	Disposed	153484404.0000	Direct
2004-04-26	51-Common Stock	S	2300.0000	$72.8800	Disposed	153482104.0000	Direct
2004-04-26	52-Common Stock	S	100.0000	$72.8700	Disposed	153482004.0000	Direct
2004-04-26	53-Common Stock	S	1200.0000	$72.8600	Disposed	153480804.0000	Direct