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	1-Common Stock	S	100	$54.04	Disposed	148240704	Direct
2005-08-24	2-Common Stock	S	100	$54.03	Disposed	148240604	Direct
2005-08-24	3-Common Stock	S	1200	$54.02	Disposed	148239404	Direct
2005-08-24	4-Common Stock	S	1600	$54.01	Disposed	148237804	Direct
2005-08-24	5-Common Stock	S	1000	$54.00	Disposed	148236804	Direct
2005-08-24	6-Common Stock	S	700	$53.97	Disposed	148236104	Direct
2005-08-24	7-Common Stock	S	800	$53.96	Disposed	148235304	Direct
2005-08-24	8-Common Stock	S	3200	$53.95	Disposed	148232104	Direct
2005-08-24	9-Common Stock	S	1300	$53.94	Disposed	148230804	Direct
2005-08-24	10-Common Stock	S	1900	$53.93	Disposed	148228904	Direct
2005-08-24	11-Common Stock	S	4100	$53.92	Disposed	148224804	Direct
2005-08-24	12-Common Stock	S	3400	$53.91	Disposed	148221404	Direct
2005-08-24	13-Common Stock	S	3200	$53.90	Disposed	148218204	Direct
2005-08-24	14-Common Stock	S	2300	$53.89	Disposed	148215904	Direct
2005-08-24	15-Common Stock	S	1000	$53.88	Disposed	148214904	Direct
2005-08-24	16-Common Stock	S	1700	$53.87	Disposed	148213204	Direct
2005-08-24	17-Common Stock	S	800	$53.86	Disposed	148212404	Direct
2005-08-24	18-Common Stock	S	2800	$53.85	Disposed	148209604	Direct
2005-08-24	19-Common Stock	S	2000	$53.84	Disposed	148207604	Direct
2005-08-24	20-Common Stock	S	500	$53.83	Disposed	148207104	Direct
2005-08-24	21-Common Stock	S	900	$53.82	Disposed	148206204	Direct
2005-08-24	22-Common Stock	S	2700	$53.81	Disposed	148203504	Direct
2005-08-24	23-Common Stock	S	1700	$53.80	Disposed	148201804	Direct
2005-08-24	24-Common Stock	S	1600	$53.79	Disposed	148200204	Direct
2005-08-24	25-Common Stock	S	2700	$53.78	Disposed	148197504	Direct
2005-08-24	26-Common Stock	S	2000	$53.77	Disposed	148195504	Direct
2005-08-24	27-Common Stock	S	1500	$53.76	Disposed	148194004	Direct
2005-08-24	28-Common Stock	S	800	$53.75	Disposed	148193204	Direct
2005-08-24	29-Common Stock	S	900	$53.74	Disposed	148192304	Direct
2005-08-24	30-Common Stock	S	4600	$53.73	Disposed	148187704	Direct