ELI LILLY & Co — Director's Dealing 2005

Dec 19, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2005-12-15

Reporting Person: SANTINI GINO (Sr.VP, Corp. Strategy & Policy)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-12-15	Common Stock	S	5000	$56.14	Disposed	81045	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1533	Indirect
Common Stock	2070	Indirect
Common Stock	2070	Indirect
Common Stock	2292	Indirect

Footnotes

F1: Reporting person disclaims beneficial ownership of these shares.