ELI LILLY & Co — Director's Dealing 2005

Sep 1, 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: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-08-31	31-Common Stock	S	1000	$54.69	Disposed	147756004	Direct
2005-08-31	32-Common Stock	S	2300	$54.68	Disposed	147753704	Direct
2005-08-31	33-Common Stock	S	1600	$54.67	Disposed	147752104	Direct
2005-08-31	34-Common Stock	S	4200	$54.66	Disposed	147747904	Direct
2005-08-31	35-Common Stock	S	3200	$54.65	Disposed	147744704	Direct
2005-08-31	36-Common Stock	S	1000	$54.64	Disposed	147743704	Direct
2005-08-31	37-Common Stock	S	2400	$54.63	Disposed	147741304	Direct
2005-08-31	38-Common Stock	S	4100	$54.62	Disposed	147737204	Direct
2005-08-31	39-Common Stock	S	2700	$54.61	Disposed	147734504	Direct
2005-08-31	40-Common Stock	S	7300	$54.60	Disposed	147727204	Direct
2005-08-31	41-Common Stock	S	3400	$54.59	Disposed	147723804	Direct
2005-08-31	42-Common Stock	S	8600	$54.58	Disposed	147715204	Direct
2005-08-31	43-Common Stock	S	3600	$54.57	Disposed	147711604	Direct
2005-08-31	44-Common Stock	S	2700	$54.56	Disposed	147708904	Direct
2005-08-31	45-Common Stock	S	3500	$54.55	Disposed	147705404	Direct
2005-08-31	46-Common Stock	S	5100	$54.54	Disposed	147700304	Direct
2005-08-31	47-Common Stock	S	3000	$54.53	Disposed	147697304	Direct
2005-08-31	48-Common Stock	S	3400	$54.52	Disposed	147693904	Direct
2005-08-31	49-Common Stock	S	2000	$54.51	Disposed	147691904	Direct
2005-08-31	50-Common Stock	S	2600	$54.50	Disposed	147689304	Direct
2005-08-31	51-Common Stock	S	1500	$54.49	Disposed	147687804	Direct
2005-08-31	52-Common Stock	S	400	$54.48	Disposed	147687404	Direct
2005-08-31	53-Common Stock	S	2300	$54.47	Disposed	147685104	Direct
2005-08-31	54-Common Stock	S	1200	$54.46	Disposed	147683904	Direct
2005-08-31	55-Common Stock	S	3200	$54.45	Disposed	147680704	Direct
2005-08-31	56-Common Stock	S	3400	$54.44	Disposed	147677304	Direct
2005-08-31	57-Common Stock	S	3400	$54.43	Disposed	147673904	Direct
2005-08-31	58-Common Stock	S	1300	$54.42	Disposed	147672604	Direct
2005-08-31	59-Common Stock	S	1600	$54.41	Disposed	147671004	Direct
2005-08-31	60-Common Stock	S	1000	$54.40	Disposed	147670004	Direct