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	1-Common Stock	S	800	$54.05	Disposed	148390004	Direct
2005-08-23	2-Common Stock	S	800	$53.99	Disposed	148389204	Direct
2005-08-23	3-Common Stock	S	700	$53.98	Disposed	148388504	Direct
2005-08-23	4-Common Stock	S	3500	$53.97	Disposed	148385004	Direct
2005-08-23	5-Common Stock	S	800	$53.96	Disposed	148384204	Direct
2005-08-23	6-Common Stock	S	2500	$53.95	Disposed	148381704	Direct
2005-08-23	7-Common Stock	S	1000	$53.94	Disposed	148380704	Direct
2005-08-23	8-Common Stock	S	100	$53.93	Disposed	148380604	Direct
2005-08-23	9-Common Stock	S	1600	$53.92	Disposed	148379004	Direct
2005-08-23	10-Common Stock	S	1800	$53.91	Disposed	148377204	Direct
2005-08-23	11-Common Stock	S	1600	$53.90	Disposed	148375604	Direct
2005-08-23	12-Common Stock	S	2600	$53.89	Disposed	148373004	Direct
2005-08-23	13-Common Stock	S	1600	$53.88	Disposed	148371404	Direct
2005-08-23	14-Common Stock	S	1600	$53.86	Disposed	148369804	Direct
2005-08-23	15-Common Stock	S	3300	$53.85	Disposed	148366504	Direct
2005-08-23	16-Common Stock	S	1800	$53.84	Disposed	148364704	Direct
2005-08-23	17-Common Stock	S	7000	$53.83	Disposed	148357704	Direct
2005-08-23	18-Common Stock	S	2000	$53.82	Disposed	148355704	Direct
2005-08-23	19-Common Stock	S	1800	$53.81	Disposed	148353904	Direct
2005-08-23	20-Common Stock	S	800	$53.80	Disposed	148353104	Direct
2005-08-23	21-Common Stock	S	800	$53.78	Disposed	148352304	Direct
2005-08-23	22-Common Stock	S	4100	$53.77	Disposed	148348204	Direct
2005-08-23	23-Common Stock	S	1300	$53.76	Disposed	148346904	Direct
2005-08-23	24-Common Stock	S	1800	$53.75	Disposed	148345104	Direct
2005-08-23	25-Common Stock	S	3200	$53.74	Disposed	148341904	Direct
2005-08-23	26-Common Stock	S	2200	$53.73	Disposed	148339704	Direct
2005-08-23	27-Common Stock	S	3500	$53.72	Disposed	148336204	Direct
2005-08-23	28-Common Stock	S	1800	$53.71	Disposed	148334404	Direct
2005-08-23	29-Common Stock	S	1200	$53.70	Disposed	148333204	Direct
2005-08-23	30-Common Stock	S	800	$53.69	Disposed	148332404	Direct