ELI LILLY & Co — Director's Dealing 2005

Aug 24, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2005-08-23

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-08-23	31-Common Stock	S	3100	$53.68	Disposed	148329304	Direct
2005-08-23	32-Common Stock	S	900	$53.66	Disposed	148328404	Direct
2005-08-23	33-Common Stock	S	1000	$53.65	Disposed	148327404	Direct
2005-08-23	34-Common Stock	S	1400	$53.64	Disposed	148326004	Direct
2005-08-23	35-Common Stock	S	1600	$53.63	Disposed	148324404	Direct
2005-08-23	36-Common Stock	S	2900	$53.61	Disposed	148321504	Direct
2005-08-23	37-Common Stock	S	2700	$53.60	Disposed	148318804	Direct
2005-08-23	38-Common Stock	S	2000	$53.59	Disposed	148316804	Direct
2005-08-23	39-Common Stock	S	3000	$53.58	Disposed	148313804	Direct
2005-08-23	40-Common Stock	S	2800	$53.57	Disposed	148311004	Direct
2005-08-23	41-Common Stock	S	2000	$53.56	Disposed	148309004	Direct
2005-08-23	42-Common Stock	S	6000	$53.55	Disposed	148303004	Direct
2005-08-23	43-Common Stock	S	2200	$53.54	Disposed	148300804	Direct
2005-08-23	44-Common Stock	S	12600	$53.53	Disposed	148288204	Direct
2005-08-23	45-Common Stock	S	5000	$53.52	Disposed	148283204	Direct
2005-08-23	46-Common Stock	S	5600	$53.51	Disposed	148277604	Direct
2005-08-23	47-Common Stock	S	3200	$53.50	Disposed	148274404	Direct
2005-08-23	48-Common Stock	S	6400	$53.49	Disposed	148268004	Direct
2005-08-23	49-Common Stock	S	3600	$53.48	Disposed	148264404	Direct
2005-08-23	50-Common Stock	S	2600	$53.47	Disposed	148261804	Direct
2005-08-23	51-Common Stock	S	1000	$53.46	Disposed	148260804	Direct
2005-08-23	52-Common Stock	S	5200	$53.45	Disposed	148255604	Direct
2005-08-23	53-Common Stock	S	1800	$53.44	Disposed	148253804	Direct
2005-08-23	54-Common Stock	S	3600	$53.43	Disposed	148250204	Direct
2005-08-23	55-Common Stock	S	1000	$53.42	Disposed	148249204	Direct
2005-08-23	56-Common Stock	S	1800	$53.41	Disposed	148247404	Direct
2005-08-23	57-Common Stock	S	3200	$53.40	Disposed	148244204	Direct
2005-08-23	58-Common Stock	S	1600	$53.39	Disposed	148242604	Direct
2005-08-23	59-Common Stock	S	1000	$53.37	Disposed	148241604	Direct
2005-08-23	60-Common Stock	S	800	$53.36	Disposed	148240804	Direct