ELI LILLY & Co — Director's Dealing 2005

Aug 22, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2005-08-19

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-08-19	1-Common Stock	S	3700	$53.08	Disposed	148487104	Direct
2005-08-19	2-Common Stock	S	4900	$53.06	Disposed	148482204	Direct
2005-08-19	3-Common Stock	S	2400	$53.04	Disposed	148479804	Direct
2005-08-19	4-Common Stock	S	1700	$53.03	Disposed	148478104	Direct
2005-08-19	5-Common Stock	S	3800	$53.01	Disposed	148474304	Direct
2005-08-19	6-Common Stock	S	2900	$53.00	Disposed	148471404	Direct
2005-08-19	7-Common Stock	S	5700	$52.99	Disposed	148465704	Direct
2005-08-19	8-Common Stock	S	1300	$52.98	Disposed	148464404	Direct
2005-08-19	9-Common Stock	S	2900	$52.97	Disposed	148461504	Direct
2005-08-19	10-Common Stock	S	500	$52.96	Disposed	148461004	Direct
2005-08-19	11-Common Stock	S	1700	$52.95	Disposed	148459304	Direct
2005-08-19	12-Common Stock	S	2800	$52.93	Disposed	148456504	Direct
2005-08-19	13-Common Stock	S	600	$52.92	Disposed	148455904	Direct
2005-08-19	14-Common Stock	S	3300	$52.91	Disposed	148452604	Direct
2005-08-19	15-Common Stock	S	600	$52.90	Disposed	148452004	Direct
2005-08-19	16-Common Stock	S	4300	$52.89	Disposed	148447704	Direct
2005-08-19	17-Common Stock	S	1600	$52.88	Disposed	148446104	Direct
2005-08-19	18-Common Stock	S	2800	$52.87	Disposed	148443304	Direct
2005-08-19	19-Common Stock	S	2100	$52.85	Disposed	148441204	Direct
2005-08-19	20-Common Stock	S	600	$52.84	Disposed	148440604	Direct
2005-08-19	21-Common Stock	S	600	$52.83	Disposed	148440004	Direct
2005-08-19	22-Common Stock	S	100	$52.82	Disposed	148439904	Direct
2005-08-19	23-Common Stock	S	500	$52.81	Disposed	148439404	Direct
2005-08-19	24-Common Stock	S	900	$52.80	Disposed	148438504	Direct
2005-08-19	25-Common Stock	S	1200	$52.79	Disposed	148437304	Direct
2005-08-19	26-Common Stock	S	1400	$52.78	Disposed	148435904	Direct
2005-08-19	27-Common Stock	S	2000	$52.77	Disposed	148433904	Direct
2005-08-19	28-Common Stock	S	2400	$52.76	Disposed	148431504	Direct
2005-08-19	29-Common Stock	S	2800	$52.75	Disposed	148428704	Direct
2005-08-19	30-Common Stock	S	2700	$52.74	Disposed	148426004	Direct