ELI LILLY & Co — Director's Dealing 2005

Aug 31, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2005-08-30

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-08-30	1-Common Stock	S	100	$54.09	Disposed	147875704	Direct
2005-08-30	2-Common Stock	S	2000	$54.07	Disposed	147873704	Direct
2005-08-30	3-Common Stock	S	900	$54.06	Disposed	147872804	Direct
2005-08-30	4-Common Stock	S	100	$54.05	Disposed	147872704	Direct
2005-08-30	5-Common Stock	S	1300	$54.03	Disposed	147871404	Direct
2005-08-30	6-Common Stock	S	4100	$54.02	Disposed	147867304	Direct
2005-08-30	7-Common Stock	S	3000	$54.01	Disposed	147864304	Direct
2005-08-30	8-Common Stock	S	1200	$54.00	Disposed	147863104	Direct
2005-08-30	9-Common Stock	S	800	$53.99	Disposed	147862304	Direct
2005-08-30	10-Common Stock	S	700	$53.98	Disposed	147861604	Direct
2005-08-30	11-Common Stock	S	500	$53.97	Disposed	147861104	Direct
2005-08-30	12-Common Stock	S	1500	$53.96	Disposed	147859604	Direct
2005-08-30	13-Common Stock	S	2900	$53.95	Disposed	147856704	Direct
2005-08-30	14-Common Stock	S	1000	$53.94	Disposed	147855704	Direct
2005-08-30	15-Common Stock	S	2100	$53.93	Disposed	147853604	Direct
2005-08-30	16-Common Stock	S	2700	$53.92	Disposed	147850904	Direct
2005-08-30	17-Common Stock	S	3400	$53.91	Disposed	147847504	Direct
2005-08-30	18-Common Stock	S	3200	$53.90	Disposed	147844304	Direct
2005-08-30	19-Common Stock	S	6000	$53.89	Disposed	147838304	Direct
2005-08-30	20-Common Stock	S	6300	$53.88	Disposed	147832004	Direct
2005-08-30	21-Common Stock	S	3700	$53.87	Disposed	147828304	Direct
2005-08-30	22-Common Stock	S	2200	$53.86	Disposed	147826104	Direct
2005-08-30	23-Common Stock	S	1800	$53.85	Disposed	147824304	Direct
2005-08-30	24-Common Stock	S	4100	$53.84	Disposed	147820204	Direct
2005-08-30	25-Common Stock	S	1700	$53.83	Disposed	147818504	Direct
2005-08-30	26-Common Stock	S	1700	$53.82	Disposed	147816804	Direct
2005-08-30	27-Common Stock	S	2100	$53.81	Disposed	147814704	Direct
2005-08-30	28-Common Stock	S	4900	$53.80	Disposed	147809804	Direct
2005-08-30	29-Common Stock	S	2000	$53.79	Disposed	147807804	Direct
2005-08-30	30-Common Stock	S	3000	$53.78	Disposed	147804804	Direct