ELI LILLY & Co — Director's Dealing 2005

Aug 10, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2005-08-09

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-08-09	1-Common Stock	S	300	$54.06	Disposed	149525504	Direct
2005-08-09	2-Common Stock	S	300	$54.01	Disposed	149525204	Direct
2005-08-09	3-Common Stock	S	600	$54.00	Disposed	149524604	Direct
2005-08-09	4-Common Stock	S	700	$53.99	Disposed	149523904	Direct
2005-08-09	5-Common Stock	S	1200	$53.97	Disposed	149522704	Direct
2005-08-09	6-Common Stock	S	700	$53.95	Disposed	149522004	Direct
2005-08-09	7-Common Stock	S	100	$53.94	Disposed	149521904	Direct
2005-08-09	8-Common Stock	S	1700	$53.93	Disposed	149520204	Direct
2005-08-09	9-Common Stock	S	3600	$53.92	Disposed	149516604	Direct
2005-08-09	10-Common Stock	S	500	$53.91	Disposed	149516104	Direct
2005-08-09	11-Common Stock	S	6000	$53.90	Disposed	149510104	Direct
2005-08-09	12-Common Stock	S	2400	$53.89	Disposed	149507704	Direct
2005-08-09	13-Common Stock	S	6700	$53.88	Disposed	149501004	Direct
2005-08-09	14-Common Stock	S	800	$53.87	Disposed	149500204	Direct
2005-08-09	15-Common Stock	S	2900	$53.86	Disposed	149497304	Direct
2005-08-09	16-Common Stock	S	4600	$53.85	Disposed	149492704	Direct
2005-08-09	17-Common Stock	S	6000	$53.84	Disposed	149486704	Direct
2005-08-09	18-Common Stock	S	2300	$53.83	Disposed	149484404	Direct
2005-08-09	19-Common Stock	S	1400	$53.82	Disposed	149483004	Direct
2005-08-09	20-Common Stock	S	2600	$53.81	Disposed	149480404	Direct
2005-08-09	21-Common Stock	S	6400	$53.80	Disposed	149474004	Direct
2005-08-09	22-Common Stock	S	2200	$53.79	Disposed	149471804	Direct
2005-08-09	23-Common Stock	S	2200	$53.78	Disposed	149469604	Direct
2005-08-09	24-Common Stock	S	3100	$53.77	Disposed	149466504	Direct
2005-08-09	25-Common Stock	S	5300	$53.76	Disposed	149461204	Direct
2005-08-09	26-Common Stock	S	3200	$53.75	Disposed	149458004	Direct
2005-08-09	27-Common Stock	S	2600	$53.74	Disposed	149455404	Direct
2005-08-09	28-Common Stock	S	2900	$53.73	Disposed	149452504	Direct
2005-08-09	29-Common Stock	S	2700	$53.72	Disposed	149449804	Direct
2005-08-09	30-Common Stock	S	3000	$53.71	Disposed	149446804	Direct