ELI LILLY & Co — Director's Dealing 2005

Sep 2, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2005-08-31

Reporting Person: GOLDEN CHARLES E (Director, Exec. Vice President and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-08-31	Common Stock	M	29170	$30.09	Acquired	63298	Direct
2005-08-31	Common Stock	S	771	$54.05	Disposed	62527	Direct
2005-08-31	Common Stock	S	4500	$54.00	Disposed	58027	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-08-31	Employee stock option 3/96 (right to buy)	$30.095	M	29170	Disposed	2006-03-17	Common Stock (29170)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1312	Indirect