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	1-Common Stock	S	200	$53.38	Disposed	148955604	Direct
2005-08-15	2-Common Stock	S	100	$53.37	Disposed	148955504	Direct
2005-08-15	3-Common Stock	S	500	$53.36	Disposed	148955004	Direct
2005-08-15	4-Common Stock	S	2000	$53.35	Disposed	148953004	Direct
2005-08-15	5-Common Stock	S	1200	$53.34	Disposed	148951804	Direct
2005-08-15	6-Common Stock	S	3000	$53.33	Disposed	148948804	Direct
2005-08-15	7-Common Stock	S	1700	$53.32	Disposed	148947104	Direct
2005-08-15	8-Common Stock	S	2600	$53.31	Disposed	148944504	Direct
2005-08-15	9-Common Stock	S	4400	$53.30	Disposed	148940104	Direct
2005-08-15	10-Common Stock	S	3500	$53.29	Disposed	148936604	Direct
2005-08-15	11-Common Stock	S	2800	$53.28	Disposed	148933804	Direct
2005-08-15	12-Common Stock	S	7000	$53.27	Disposed	148926804	Direct
2005-08-15	13-Common Stock	S	7400	$53.26	Disposed	148919404	Direct
2005-08-15	14-Common Stock	S	5200	$53.25	Disposed	148914204	Direct
2005-08-15	15-Common Stock	S	5200	$53.24	Disposed	148909004	Direct
2005-08-15	16-Common Stock	S	4400	$53.23	Disposed	148904604	Direct
2005-08-15	17-Common Stock	S	5600	$53.22	Disposed	148899004	Direct
2005-08-15	18-Common Stock	S	1800	$53.21	Disposed	148897204	Direct
2005-08-15	19-Common Stock	S	3600	$53.20	Disposed	148893604	Direct
2005-08-15	20-Common Stock	S	1600	$53.19	Disposed	148892004	Direct
2005-08-15	21-Common Stock	S	2100	$53.18	Disposed	148889904	Direct
2005-08-15	22-Common Stock	S	400	$53.17	Disposed	148889504	Direct
2005-08-15	23-Common Stock	S	3200	$53.16	Disposed	148886304	Direct
2005-08-15	24-Common Stock	S	6100	$53.15	Disposed	148880204	Direct
2005-08-15	25-Common Stock	S	6200	$53.14	Disposed	148874004	Direct
2005-08-15	26-Common Stock	S	4800	$53.13	Disposed	148869204	Direct
2005-08-15	27-Common Stock	S	8000	$53.12	Disposed	148861204	Direct
2005-08-15	28-Common Stock	S	3900	$53.11	Disposed	148857304	Direct
2005-08-15	29-Common Stock	S	1000	$53.10	Disposed	148856304	Direct
2005-08-15	30-Common Stock	S	1000	$53.09	Disposed	148855304	Direct