ELI LILLY & Co — Director's Dealing 2005

Aug 17, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2005-08-16

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-08-16	1-Common Stock	S	600	$53.23	Disposed	148830204	Direct
2005-08-16	2-Common Stock	S	500	$53.22	Disposed	148829704	Direct
2005-08-16	3-Common Stock	S	400	$53.21	Disposed	148829304	Direct
2005-08-16	4-Common Stock	S	2800	$53.20	Disposed	148826504	Direct
2005-08-16	5-Common Stock	S	2000	$53.19	Disposed	148824504	Direct
2005-08-16	6-Common Stock	S	3000	$53.18	Disposed	148821504	Direct
2005-08-16	7-Common Stock	S	4400	$53.17	Disposed	148817104	Direct
2005-08-16	8-Common Stock	S	900	$53.16	Disposed	148816204	Direct
2005-08-16	9-Common Stock	S	4600	$53.15	Disposed	148811604	Direct
2005-08-16	10-Common Stock	S	4600	$53.14	Disposed	148807004	Direct
2005-08-16	11-Common Stock	S	3500	$53.13	Disposed	148803504	Direct
2005-08-16	12-Common Stock	S	9400	$53.12	Disposed	148794104	Direct
2005-08-16	13-Common Stock	S	11300	$53.11	Disposed	148782804	Direct
2005-08-16	14-Common Stock	S	2500	$53.10	Disposed	148780304	Direct
2005-08-16	15-Common Stock	S	3500	$53.09	Disposed	148776804	Direct
2005-08-16	16-Common Stock	S	6000	$53.08	Disposed	148770804	Direct
2005-08-16	17-Common Stock	S	4100	$53.07	Disposed	148766704	Direct
2005-08-16	18-Common Stock	S	1700	$53.06	Disposed	148765004	Direct
2005-08-16	19-Common Stock	S	600	$53.05	Disposed	148764404	Direct
2005-08-16	20-Common Stock	S	700	$53.04	Disposed	148763704	Direct
2005-08-16	21-Common Stock	S	1000	$53.03	Disposed	148762704	Direct
2005-08-16	22-Common Stock	S	1800	$53.02	Disposed	148760904	Direct
2005-08-16	23-Common Stock	S	4200	$53.01	Disposed	148756704	Direct
2005-08-16	24-Common Stock	S	1300	$53.00	Disposed	148755404	Direct
2005-08-16	25-Common Stock	S	400	$52.98	Disposed	148755004	Direct
2005-08-16	26-Common Stock	S	400	$52.97	Disposed	148754604	Direct
2005-08-16	27-Common Stock	S	400	$52.96	Disposed	148754204	Direct
2005-08-16	28-Common Stock	S	900	$52.93	Disposed	148753304	Direct
2005-08-16	29-Common Stock	S	100	$52.82	Disposed	148753204	Direct
2005-08-16	30-Common Stock	S	900	$52.81	Disposed	148752304	Direct