ELI LILLY & Co — Director's Dealing 2005

Aug 9, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-08-08	1-Common Stock	S	500	$53.38	Disposed	149588704	Direct
2005-08-08	2-Common Stock	S	600	$53.36	Disposed	149588104	Direct
2005-08-08	3-Common Stock	S	100	$53.35	Disposed	149588004	Direct
2005-08-08	4-Common Stock	S	300	$53.34	Disposed	149587704	Direct
2005-08-08	5-Common Stock	S	400	$53.33	Disposed	149587304	Direct
2005-08-08	6-Common Stock	S	700	$53.32	Disposed	149586604	Direct
2005-08-08	7-Common Stock	S	300	$53.31	Disposed	149586304	Direct
2005-08-08	8-Common Stock	S	1600	$53.30	Disposed	149584704	Direct
2005-08-08	9-Common Stock	S	600	$53.29	Disposed	149584104	Direct
2005-08-08	10-Common Stock	S	1400	$53.28	Disposed	149582704	Direct
2005-08-08	11-Common Stock	S	800	$53.27	Disposed	149581904	Direct
2005-08-08	12-Common Stock	S	600	$53.26	Disposed	149581304	Direct
2005-08-08	13-Common Stock	S	400	$53.25	Disposed	149580904	Direct
2005-08-08	14-Common Stock	S	1500	$53.22	Disposed	149579404	Direct
2005-08-08	15-Common Stock	S	1700	$53.21	Disposed	149577704	Direct
2005-08-08	16-Common Stock	S	1000	$53.19	Disposed	149576704	Direct
2005-08-08	17-Common Stock	S	700	$53.18	Disposed	149576004	Direct
2005-08-08	18-Common Stock	S	1200	$53.17	Disposed	149574804	Direct
2005-08-08	19-Common Stock	S	800	$53.16	Disposed	149574004	Direct
2005-08-08	20-Common Stock	S	300	$53.15	Disposed	149573704	Direct
2005-08-08	21-Common Stock	S	900	$53.14	Disposed	149572804	Direct
2005-08-08	22-Common Stock	S	900	$53.12	Disposed	149571904	Direct
2005-08-08	23-Common Stock	S	800	$53.11	Disposed	149571104	Direct
2005-08-08	24-Common Stock	S	1600	$53.10	Disposed	149569504	Direct
2005-08-08	25-Common Stock	S	1300	$53.08	Disposed	149568204	Direct
2005-08-08	26-Common Stock	S	3100	$53.07	Disposed	149565104	Direct
2005-08-08	27-Common Stock	S	1700	$53.06	Disposed	149563404	Direct
2005-08-08	28-Common Stock	S	3400	$53.05	Disposed	149560004	Direct
2005-08-08	29-Common Stock	S	3100	$53.04	Disposed	149556904	Direct
2005-08-08	30-Common Stock	S	4000	$53.03	Disposed	149552904	Direct