ELI LILLY & Co — Director's Dealing 2005

Aug 26, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2005-08-25

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-08-25	1-Common Stock	S	800	$53.57	Disposed	148115004	Direct
2005-08-25	2-Common Stock	S	2700	$53.55	Disposed	148112304	Direct
2005-08-25	3-Common Stock	S	2200	$53.54	Disposed	148110104	Direct
2005-08-25	4-Common Stock	S	2400	$53.53	Disposed	148107704	Direct
2005-08-25	5-Common Stock	S	2100	$53.52	Disposed	148105604	Direct
2005-08-25	6-Common Stock	S	3400	$53.51	Disposed	148102204	Direct
2005-08-25	7-Common Stock	S	9200	$53.50	Disposed	148093004	Direct
2005-08-25	8-Common Stock	S	1900	$53.49	Disposed	148091104	Direct
2005-08-25	9-Common Stock	S	3100	$53.48	Disposed	148088004	Direct
2005-08-25	10-Common Stock	S	6000	$53.47	Disposed	148082004	Direct
2005-08-25	11-Common Stock	S	3800	$53.46	Disposed	148078204	Direct
2005-08-25	12-Common Stock	S	8100	$53.45	Disposed	148070104	Direct
2005-08-25	13-Common Stock	S	4400	$53.44	Disposed	148065704	Direct
2005-08-25	14-Common Stock	S	6200	$53.43	Disposed	148059504	Direct
2005-08-25	15-Common Stock	S	10400	$53.42	Disposed	148049104	Direct
2005-08-25	16-Common Stock	S	4800	$53.41	Disposed	148044304	Direct
2005-08-25	17-Common Stock	S	7100	$53.40	Disposed	148037204	Direct
2005-08-25	18-Common Stock	S	3600	$53.39	Disposed	148033604	Direct
2005-08-25	19-Common Stock	S	2000	$53.38	Disposed	148031604	Direct
2005-08-25	20-Common Stock	S	1000	$53.37	Disposed	148030604	Direct
2005-08-25	21-Common Stock	S	3300	$53.36	Disposed	148027304	Direct
2005-08-25	22-Common Stock	S	4000	$53.35	Disposed	148023304	Direct
2005-08-25	23-Common Stock	S	1100	$53.34	Disposed	148022204	Direct
2005-08-25	24-Common Stock	S	1100	$53.33	Disposed	148021104	Direct
2005-08-25	25-Common Stock	S	200	$53.32	Disposed	148020904	Direct
2005-08-25	26-Common Stock	S	2200	$53.30	Disposed	148018704	Direct
2005-08-25	27-Common Stock	S	400	$53.29	Disposed	148018304	Direct
2005-08-25	28-Common Stock	S	1200	$53.28	Disposed	148017104	Direct
2005-08-25	29-Common Stock	S	300	$53.27	Disposed	148016804	Direct
2005-08-25	30-Common Stock	S	1000	$53.26	Disposed	148015804	Direct