ELI LILLY & Co — Director's Dealing 2005

Aug 18, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2005-08-17

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-08-17	31-Common Stock	S	2900	$52.90	Disposed	148679704	Direct
2005-08-17	32-Common Stock	S	3800	$52.89	Disposed	148675904	Direct
2005-08-17	33-Common Stock	S	2300	$52.88	Disposed	148673604	Direct
2005-08-17	34-Common Stock	S	3600	$52.87	Disposed	148670004	Direct
2005-08-17	35-Common Stock	S	2100	$52.86	Disposed	148667904	Direct
2005-08-17	36-Common Stock	S	2100	$52.85	Disposed	148665804	Direct
2005-08-17	37-Common Stock	S	2600	$52.84	Disposed	148663204	Direct
2005-08-17	38-Common Stock	S	100	$52.83	Disposed	148663104	Direct
2005-08-17	39-Common Stock	S	3200	$52.82	Disposed	148659904	Direct
2005-08-17	40-Common Stock	S	2400	$52.81	Disposed	148657504	Direct
2005-08-17	41-Common Stock	S	3100	$52.80	Disposed	148654404	Direct
2005-08-17	42-Common Stock	S	200	$52.79	Disposed	148654204	Direct
2005-08-17	43-Common Stock	S	3600	$52.78	Disposed	148650604	Direct
2005-08-17	44-Common Stock	S	1300	$52.77	Disposed	148649304	Direct
2005-08-17	45-Common Stock	S	1900	$52.76	Disposed	148647404	Direct
2005-08-17	46-Common Stock	S	1900	$52.75	Disposed	148645504	Direct
2005-08-17	47-Common Stock	S	600	$52.74	Disposed	148644904	Direct
2005-08-17	48-Common Stock	S	3100	$52.73	Disposed	148641804	Direct
2005-08-17	49-Common Stock	S	600	$52.72	Disposed	148641204	Direct
2005-08-17	50-Common Stock	S	1100	$52.71	Disposed	148640104	Direct
2005-08-17	51-Common Stock	S	600	$52.70	Disposed	148639504	Direct
2005-08-17	52-Common Stock	S	200	$52.69	Disposed	148639304	Direct
2005-08-17	53-Common Stock	S	1500	$52.68	Disposed	148637804	Direct
2005-08-17	54-Common Stock	S	700	$52.64	Disposed	148637104	Direct
2005-08-17	55-Common Stock	S	500	$52.63	Disposed	148636604	Direct
2005-08-17	56-Common Stock	S	200	$52.62	Disposed	148636404	Direct
2005-08-17	57-Common Stock	S	1900	$52.61	Disposed	148634504	Direct
2005-08-17	58-Common Stock	S	400	$52.60	Disposed	148634104	Direct
2005-08-17	59-Common Stock	S	3100	$52.59	Disposed	148631004	Direct
2005-08-17	60-Common Stock	S	1300	$52.58	Disposed	148629704	Direct