ELI LILLY & Co — Director's Dealing 2005

Aug 19, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2005-08-18

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-08-18	1-Common Stock	S	100	$52.62	Disposed	148605704	Direct
2005-08-18	2-Common Stock	S	100	$52.61	Disposed	148605604	Direct
2005-08-18	3-Common Stock	S	300	$52.60	Disposed	148605304	Direct
2005-08-18	4-Common Stock	S	300	$52.59	Disposed	148605004	Direct
2005-08-18	5-Common Stock	S	100	$52.57	Disposed	148604904	Direct
2005-08-18	6-Common Stock	S	400	$52.56	Disposed	148604504	Direct
2005-08-18	7-Common Stock	S	1100	$52.55	Disposed	148603404	Direct
2005-08-18	8-Common Stock	S	1500	$52.54	Disposed	148601904	Direct
2005-08-18	9-Common Stock	S	1900	$52.53	Disposed	148600004	Direct
2005-08-18	10-Common Stock	S	6000	$52.52	Disposed	148594004	Direct
2005-08-18	11-Common Stock	S	1200	$52.51	Disposed	148592804	Direct
2005-08-18	12-Common Stock	S	400	$52.50	Disposed	148592404	Direct
2005-08-18	13-Common Stock	S	4600	$52.49	Disposed	148587804	Direct
2005-08-18	14-Common Stock	S	4300	$52.48	Disposed	148583504	Direct
2005-08-18	15-Common Stock	S	5700	$52.47	Disposed	148577804	Direct
2005-08-18	16-Common Stock	S	6000	$52.46	Disposed	148571804	Direct
2005-08-18	17-Common Stock	S	5100	$52.45	Disposed	148566704	Direct
2005-08-18	18-Common Stock	S	5700	$52.44	Disposed	148561004	Direct
2005-08-18	19-Common Stock	S	10400	$52.43	Disposed	148550604	Direct
2005-08-18	20-Common Stock	S	10200	$52.42	Disposed	148540404	Direct
2005-08-18	21-Common Stock	S	16400	$52.41	Disposed	148524004	Direct
2005-08-18	22-Common Stock	S	12700	$52.40	Disposed	148511304	Direct
2005-08-18	23-Common Stock	S	7800	$52.39	Disposed	148503504	Direct
2005-08-18	24-Common Stock	S	3200	$52.38	Disposed	148500304	Direct
2005-08-18	25-Common Stock	S	3400	$52.37	Disposed	148496904	Direct
2005-08-18	26-Common Stock	S	2000	$52.36	Disposed	148494904	Direct
2005-08-18	27-Common Stock	S	400	$52.35	Disposed	148494504	Direct
2005-08-18	28-Common Stock	S	600	$52.33	Disposed	148493904	Direct
2005-08-18	29-Common Stock	S	1700	$52.32	Disposed	148492204	Direct
2005-08-18	30-Common Stock	S	1400	$52.31	Disposed	148490804	Direct