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	1-Common Stock	S	700	$53.21	Disposed	148730104	Direct
2005-08-17	2-Common Stock	S	900	$53.20	Disposed	148729204	Direct
2005-08-17	3-Common Stock	S	400	$53.19	Disposed	148728804	Direct
2005-08-17	4-Common Stock	S	100	$53.18	Disposed	148728704	Direct
2005-08-17	5-Common Stock	S	100	$53.17	Disposed	148728604	Direct
2005-08-17	6-Common Stock	S	1900	$53.16	Disposed	148726704	Direct
2005-08-17	7-Common Stock	S	300	$53.15	Disposed	148726404	Direct
2005-08-17	8-Common Stock	S	1000	$53.14	Disposed	148725404	Direct
2005-08-17	9-Common Stock	S	100	$53.13	Disposed	148725304	Direct
2005-08-17	10-Common Stock	S	1200	$53.12	Disposed	148724104	Direct
2005-08-17	11-Common Stock	S	1500	$53.10	Disposed	148722604	Direct
2005-08-17	12-Common Stock	S	2000	$53.09	Disposed	148720604	Direct
2005-08-17	13-Common Stock	S	1400	$53.08	Disposed	148719204	Direct
2005-08-17	14-Common Stock	S	3200	$53.07	Disposed	148716004	Direct
2005-08-17	15-Common Stock	S	2200	$53.06	Disposed	148713804	Direct
2005-08-17	16-Common Stock	S	4500	$53.05	Disposed	148709304	Direct
2005-08-17	17-Common Stock	S	100	$53.04	Disposed	148709204	Direct
2005-08-17	18-Common Stock	S	2700	$53.03	Disposed	148706504	Direct
2005-08-17	19-Common Stock	S	3800	$53.02	Disposed	148702704	Direct
2005-08-17	20-Common Stock	S	3400	$53.01	Disposed	148699304	Direct
2005-08-17	21-Common Stock	S	3700	$53.00	Disposed	148695604	Direct
2005-08-17	22-Common Stock	S	1000	$52.99	Disposed	148694604	Direct
2005-08-17	23-Common Stock	S	1700	$52.98	Disposed	148692904	Direct
2005-08-17	24-Common Stock	S	100	$52.97	Disposed	148692804	Direct
2005-08-17	25-Common Stock	S	1700	$52.96	Disposed	148691104	Direct
2005-08-17	26-Common Stock	S	2000	$52.95	Disposed	148689104	Direct
2005-08-17	27-Common Stock	S	800	$52.94	Disposed	148688304	Direct
2005-08-17	28-Common Stock	S	3300	$52.93	Disposed	148685004	Direct
2005-08-17	29-Common Stock	S	800	$52.92	Disposed	148684204	Direct
2005-08-17	30-Common Stock	S	1600	$52.91	Disposed	148682604	Direct