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	1-Common Stock	S	600	$55.03	Disposed	147795204	Direct
2005-08-31	2-Common Stock	S	4400	$55.02	Disposed	147790804	Direct
2005-08-31	3-Common Stock	S	2600	$55.00	Disposed	147788204	Direct
2005-08-31	4-Common Stock	S	700	$54.99	Disposed	147787504	Direct
2005-08-31	5-Common Stock	S	3800	$54.98	Disposed	147783704	Direct
2005-08-31	6-Common Stock	S	3200	$54.97	Disposed	147780504	Direct
2005-08-31	7-Common Stock	S	700	$54.96	Disposed	147779804	Direct
2005-08-31	8-Common Stock	S	1600	$54.95	Disposed	147778204	Direct
2005-08-31	9-Common Stock	S	700	$54.94	Disposed	147777504	Direct
2005-08-31	10-Common Stock	S	600	$54.92	Disposed	147776904	Direct
2005-08-31	11-Common Stock	S	200	$54.91	Disposed	147776704	Direct
2005-08-31	12-Common Stock	S	1800	$54.90	Disposed	147774904	Direct
2005-08-31	13-Common Stock	S	800	$54.89	Disposed	147774104	Direct
2005-08-31	14-Common Stock	S	800	$54.88	Disposed	147773304	Direct
2005-08-31	15-Common Stock	S	600	$54.87	Disposed	147772704	Direct
2005-08-31	16-Common Stock	S	200	$54.85	Disposed	147772504	Direct
2005-08-31	17-Common Stock	S	1200	$54.83	Disposed	147771304	Direct
2005-08-31	18-Common Stock	S	1300	$54.82	Disposed	147770004	Direct
2005-08-31	19-Common Stock	S	600	$54.81	Disposed	147769404	Direct
2005-08-31	20-Common Stock	S	1300	$54.80	Disposed	147768104	Direct
2005-08-31	21-Common Stock	S	1500	$54.79	Disposed	147766604	Direct
2005-08-31	22-Common Stock	S	200	$54.78	Disposed	147766404	Direct
2005-08-31	23-Common Stock	S	3100	$54.77	Disposed	147763304	Direct
2005-08-31	24-Common Stock	S	500	$54.76	Disposed	147762804	Direct
2005-08-31	25-Common Stock	S	100	$54.75	Disposed	147762704	Direct
2005-08-31	26-Common Stock	S	1600	$54.74	Disposed	147761104	Direct
2005-08-31	27-Common Stock	S	200	$54.73	Disposed	147760904	Direct
2005-08-31	28-Common Stock	S	500	$54.72	Disposed	147760404	Direct
2005-08-31	29-Common Stock	S	1100	$54.71	Disposed	147759304	Direct
2005-08-31	30-Common Stock	S	2300	$54.70	Disposed	147757004	Direct