ELI LILLY & Co — Director's Dealing 2005

Aug 3, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2005-08-02

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-08-02	1-Common Stock	S	100	$56.28	Disposed	149775704	Direct
2005-08-02	2-Common Stock	S	400	$56.27	Disposed	149775304	Direct
2005-08-02	3-Common Stock	S	300	$56.26	Disposed	149775004	Direct
2005-08-02	4-Common Stock	S	200	$56.25	Disposed	149774804	Direct
2005-08-02	5-Common Stock	S	100	$56.24	Disposed	149774704	Direct
2005-08-02	6-Common Stock	S	100	$56.23	Disposed	149774604	Direct
2005-08-02	7-Common Stock	S	100	$56.21	Disposed	149774504	Direct
2005-08-02	8-Common Stock	S	900	$56.20	Disposed	149773604	Direct
2005-08-02	9-Common Stock	S	400	$56.19	Disposed	149773204	Direct
2005-08-02	10-Common Stock	S	100	$56.17	Disposed	149773104	Direct
2005-08-02	11-Common Stock	S	1000	$56.16	Disposed	149772104	Direct
2005-08-02	12-Common Stock	S	1000	$56.15	Disposed	149771104	Direct
2005-08-02	13-Common Stock	S	900	$56.14	Disposed	149770204	Direct
2005-08-02	14-Common Stock	S	3200	$56.13	Disposed	149767004	Direct
2005-08-02	15-Common Stock	S	800	$56.12	Disposed	149766204	Direct
2005-08-02	16-Common Stock	S	600	$56.11	Disposed	149765604	Direct
2005-08-02	17-Common Stock	S	400	$56.10	Disposed	149765204	Direct
2005-08-02	18-Common Stock	S	200	$56.09	Disposed	149765004	Direct
2005-08-02	19-Common Stock	S	1700	$56.08	Disposed	149763304	Direct
2005-08-02	20-Common Stock	S	700	$56.07	Disposed	149762604	Direct
2005-08-02	21-Common Stock	S	4700	$56.06	Disposed	149757904	Direct
2005-08-02	22-Common Stock	S	2500	$56.05	Disposed	149755404	Direct
2005-08-02	23-Common Stock	S	4100	$56.04	Disposed	149751304	Direct
2005-08-02	24-Common Stock	S	4000	$56.03	Disposed	149747304	Direct
2005-08-02	25-Common Stock	S	5800	$56.02	Disposed	149741504	Direct
2005-08-02	26-Common Stock	S	8400	$56.01	Disposed	149733104	Direct
2005-08-02	27-Common Stock	S	2100	$56.00	Disposed	149731004	Direct
2005-08-02	28-Common Stock	S	900	$55.99	Disposed	149730104	Direct
2005-08-02	29-Common Stock	S	4600	$55.98	Disposed	149725504	Direct
2005-08-02	30-Common Stock	S	2900	$55.97	Disposed	149722604	Direct