ELI LILLY & Co — Director's Dealing 2005

Aug 25, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2005-08-24

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-08-24	31-Common Stock	S	2300	$53.72	Disposed	148185404	Direct
2005-08-24	32-Common Stock	S	1200	$53.71	Disposed	148184204	Direct
2005-08-24	33-Common Stock	S	2400	$53.70	Disposed	148181804	Direct
2005-08-24	34-Common Stock	S	4400	$53.69	Disposed	148177404	Direct
2005-08-24	35-Common Stock	S	2700	$53.68	Disposed	148174704	Direct
2005-08-24	36-Common Stock	S	1000	$53.67	Disposed	148173704	Direct
2005-08-24	37-Common Stock	S	1500	$53.66	Disposed	148172204	Direct
2005-08-24	38-Common Stock	S	4300	$53.65	Disposed	148167904	Direct
2005-08-24	39-Common Stock	S	1700	$53.64	Disposed	148166204	Direct
2005-08-24	40-Common Stock	S	1900	$53.63	Disposed	148164304	Direct
2005-08-24	41-Common Stock	S	900	$53.62	Disposed	148163404	Direct
2005-08-24	42-Common Stock	S	1400	$53.61	Disposed	148162004	Direct
2005-08-24	43-Common Stock	S	1100	$53.60	Disposed	148160904	Direct
2005-08-24	44-Common Stock	S	800	$53.59	Disposed	148160104	Direct
2005-08-24	45-Common Stock	S	200	$53.58	Disposed	148159904	Direct
2005-08-24	46-Common Stock	S	800	$53.57	Disposed	148159104	Direct
2005-08-24	47-Common Stock	S	1100	$53.56	Disposed	148158004	Direct
2005-08-24	48-Common Stock	S	2600	$53.55	Disposed	148155404	Direct
2005-08-24	49-Common Stock	S	700	$53.54	Disposed	148154704	Direct
2005-08-24	50-Common Stock	S	500	$53.53	Disposed	148154204	Direct
2005-08-24	51-Common Stock	S	1700	$53.52	Disposed	148152504	Direct
2005-08-24	52-Common Stock	S	700	$53.51	Disposed	148151804	Direct
2005-08-24	53-Common Stock	S	3100	$53.50	Disposed	148148704	Direct
2005-08-24	54-Common Stock	S	800	$53.49	Disposed	148147904	Direct
2005-08-24	55-Common Stock	S	800	$53.48	Disposed	148147104	Direct
2005-08-24	56-Common Stock	S	600	$53.47	Disposed	148146504	Direct
2005-08-24	57-Common Stock	S	600	$53.46	Disposed	148145904	Direct
2005-08-24	58-Common Stock	S	2000	$53.45	Disposed	148143904	Direct
2005-08-24	59-Common Stock	S	1300	$53.44	Disposed	148142604	Direct
2005-08-24	60-Common Stock	S	2000	$53.43	Disposed	148140604	Direct