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: 2004-03-08

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-03-08	61-Common Stock	S	6900.0000	$72.8000	Disposed	153734304.0000	Direct
2004-03-08	62-Common Stock	S	800.0000	$72.7900	Disposed	153733504.0000	Direct
2004-03-08	63-Common Stock	S	1600.0000	$72.7800	Disposed	153731904.0000	Direct
2004-03-08	64-Common Stock	S	2100.0000	$72.7700	Disposed	153729804.0000	Direct
2004-03-08	65-Common Stock	S	800.0000	$72.7600	Disposed	153729004.0000	Direct
2004-03-08	66-Common Stock	S	4000.0000	$72.7500	Disposed	153725004.0000	Direct
2004-03-08	67-Common Stock	S	2100.0000	$72.7400	Disposed	153722904.0000	Direct
2004-03-08	68-Common Stock	S	800.0000	$72.7300	Disposed	153722104.0000	Direct
2004-03-08	69-Common Stock	S	1300.0000	$72.7100	Disposed	153720804.0000	Direct