ELI LILLY & Co — Director's Dealing 2005

Aug 4, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2005-08-03

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-08-03	1-Common Stock	S	1100	$55.24	Disposed	149624704	Direct
2005-08-03	2-Common Stock	S	1500	$55.21	Disposed	149623204	Direct
2005-08-03	3-Common Stock	S	1300	$55.20	Disposed	149621904	Direct
2005-08-03	4-Common Stock	S	600	$55.19	Disposed	149621304	Direct
2005-08-03	5-Common Stock	S	2800	$55.18	Disposed	149618504	Direct
2005-08-03	6-Common Stock	S	900	$55.17	Disposed	149617604	Direct
2005-08-03	7-Common Stock	S	500	$55.16	Disposed	149617104	Direct
2005-08-03	8-Common Stock	S	1200	$55.15	Disposed	149615904	Direct
2005-08-03	9-Common Stock	S	900	$55.14	Disposed	149615004	Direct
2005-08-03	10-Common Stock	S	3100	$55.13	Disposed	149611904	Direct
2005-08-03	11-Common Stock	S	300	$55.12	Disposed	149611604	Direct
2005-08-03	12-Common Stock	S	500	$55.11	Disposed	149611104	Direct
2005-08-03	13-Common Stock	S	400	$55.05	Disposed	149610704	Direct
2005-08-03	14-Common Stock	S	800	$55.03	Disposed	149609904	Direct
2005-08-03	15-Common Stock	S	1200	$55.02	Disposed	149608704	Direct
2005-08-03	16-Common Stock	S	100	$54.99	Disposed	149608604	Direct
2005-08-03	17-Common Stock	S	400	$54.98	Disposed	149608204	Direct
2005-08-03	18-Common Stock	S	400	$54.97	Disposed	149607804	Direct
2005-08-03	19-Common Stock	S	800	$54.96	Disposed	149607004	Direct
2005-08-03	20-Common Stock	S	1300	$54.95	Disposed	149605704	Direct
2005-08-03	21-Common Stock	S	1500	$54.94	Disposed	149604204	Direct
2005-08-03	22-Common Stock	S	500	$54.93	Disposed	149603704	Direct
2005-08-03	23-Common Stock	S	1800	$54.91	Disposed	149601904	Direct
2005-08-03	24-Common Stock	S	400	$54.90	Disposed	149601504	Direct
2005-08-03	25-Common Stock	S	500	$54.89	Disposed	149601004	Direct
2005-08-03	26-Common Stock	S	700	$54.88	Disposed	149600304	Direct
2005-08-03	27-Common Stock	S	600	$54.87	Disposed	149599704	Direct
2005-08-03	28-Common Stock	S	900	$54.85	Disposed	149598804	Direct
2005-08-03	29-Common Stock	S	500	$54.84	Disposed	149598304	Direct
2005-08-03	30-Common Stock	S	1800	$54.83	Disposed	149596504	Direct