ELI LILLY & Co — Director's Dealing 2005

Aug 30, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2005-08-29

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-08-29	31-Common Stock	S	2500	$53.80	Disposed	147958504	Direct
2005-08-29	32-Common Stock	S	1200	$53.79	Disposed	147957304	Direct
2005-08-29	33-Common Stock	S	300	$53.77	Disposed	147957004	Direct
2005-08-29	34-Common Stock	S	100	$53.75	Disposed	147956904	Direct
2005-08-29	35-Common Stock	S	400	$53.72	Disposed	147956504	Direct
2005-08-29	36-Common Stock	S	100	$53.71	Disposed	147956404	Direct
2005-08-29	37-Common Stock	S	100	$53.70	Disposed	147956304	Direct
2005-08-29	38-Common Stock	S	800	$53.69	Disposed	147955504	Direct
2005-08-29	39-Common Stock	S	300	$53.68	Disposed	147955204	Direct
2005-08-29	40-Common Stock	S	1100	$53.67	Disposed	147954104	Direct
2005-08-29	41-Common Stock	S	1100	$53.65	Disposed	147953004	Direct
2005-08-29	42-Common Stock	S	100	$53.64	Disposed	147952904	Direct
2005-08-29	43-Common Stock	S	800	$53.63	Disposed	147952104	Direct
2005-08-29	44-Common Stock	S	1300	$53.62	Disposed	147950804	Direct
2005-08-29	45-Common Stock	S	100	$53.61	Disposed	147950704	Direct
2005-08-29	46-Common Stock	S	400	$53.58	Disposed	147950304	Direct
2005-08-29	47-Common Stock	S	100	$53.56	Disposed	147950204	Direct
2005-08-29	48-Common Stock	S	200	$53.55	Disposed	147950004	Direct
2005-08-29	49-Common Stock	S	1100	$53.54	Disposed	147948904	Direct
2005-08-29	50-Common Stock	S	1800	$53.53	Disposed	147947104	Direct
2005-08-29	51-Common Stock	S	2000	$53.52	Disposed	147945104	Direct
2005-08-29	52-Common Stock	S	2800	$53.51	Disposed	147942304	Direct
2005-08-29	53-Common Stock	S	1900	$53.50	Disposed	147940404	Direct
2005-08-29	54-Common Stock	S	1400	$53.49	Disposed	147939004	Direct
2005-08-29	55-Common Stock	S	1900	$53.48	Disposed	147937104	Direct
2005-08-29	56-Common Stock	S	100	$53.47	Disposed	147937004	Direct
2005-08-29	57-Common Stock	S	700	$53.45	Disposed	147936304	Direct
2005-08-29	58-Common Stock	S	600	$53.41	Disposed	147935704	Direct
2005-08-29	59-Common Stock	S	900	$53.40	Disposed	147934804	Direct
2005-08-29	60-Common Stock	S	500	$53.39	Disposed	147934304	Direct