ELI LILLY & Co — Director's Dealing 2005

Aug 16, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2005-08-15

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-08-15	31-Common Stock	S	900	$53.08	Disposed	148854404	Direct
2005-08-15	32-Common Stock	S	4400	$53.07	Disposed	148850004	Direct
2005-08-15	33-Common Stock	S	5800	$53.06	Disposed	148844204	Direct
2005-08-15	34-Common Stock	S	3800	$53.05	Disposed	148840404	Direct
2005-08-15	35-Common Stock	S	2700	$53.04	Disposed	148837704	Direct
2005-08-15	36-Common Stock	S	3500	$53.03	Disposed	148834204	Direct
2005-08-15	37-Common Stock	S	2600	$53.02	Disposed	148831604	Direct
2005-08-15	38-Common Stock	S	800	$53.01	Disposed	148830804	Direct