ELI LILLY & Co — Director's Dealing 2005

Aug 2, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2005-08-01

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-08-01	1-Common Stock	S	1300	$56.92	Disposed	149954504	Direct
2005-08-01	2-Common Stock	S	4200	$56.90	Disposed	149950304	Direct
2005-08-01	3-Common Stock	S	1600	$56.88	Disposed	149948704	Direct
2005-08-01	4-Common Stock	S	1400	$56.86	Disposed	149947304	Direct
2005-08-01	5-Common Stock	S	2200	$56.85	Disposed	149945104	Direct
2005-08-01	6-Common Stock	S	100	$56.84	Disposed	149945004	Direct
2005-08-01	7-Common Stock	S	2100	$56.83	Disposed	149942904	Direct
2005-08-01	8-Common Stock	S	3900	$56.82	Disposed	149939004	Direct
2005-08-01	9-Common Stock	S	400	$56.81	Disposed	149938604	Direct
2005-08-01	10-Common Stock	S	1800	$56.80	Disposed	149936804	Direct
2005-08-01	11-Common Stock	S	2700	$56.79	Disposed	149934104	Direct
2005-08-01	12-Common Stock	S	5600	$56.78	Disposed	149928504	Direct
2005-08-01	13-Common Stock	S	5500	$56.77	Disposed	149923004	Direct
2005-08-01	14-Common Stock	S	6400	$56.76	Disposed	149916604	Direct
2005-08-01	15-Common Stock	S	7100	$56.75	Disposed	149909504	Direct
2005-08-01	16-Common Stock	S	2600	$56.74	Disposed	149906904	Direct
2005-08-01	17-Common Stock	S	4700	$56.72	Disposed	149902204	Direct
2005-08-01	18-Common Stock	S	1000	$56.71	Disposed	149901204	Direct
2005-08-01	19-Common Stock	S	1900	$56.70	Disposed	149899304	Direct
2005-08-01	20-Common Stock	S	12200	$56.69	Disposed	149887104	Direct
2005-08-01	21-Common Stock	S	4500	$56.68	Disposed	149882604	Direct
2005-08-01	22-Common Stock	S	7600	$56.67	Disposed	149875004	Direct
2005-08-01	23-Common Stock	S	4000	$56.66	Disposed	149871004	Direct
2005-08-01	24-Common Stock	S	9600	$56.65	Disposed	149861404	Direct
2005-08-01	25-Common Stock	S	4800	$56.64	Disposed	149856604	Direct
2005-08-01	26-Common Stock	S	9900	$56.63	Disposed	149846704	Direct
2005-08-01	27-Common Stock	S	8100	$56.62	Disposed	149838604	Direct
2005-08-01	28-Common Stock	S	6900	$56.61	Disposed	149831704	Direct
2005-08-01	29-Common Stock	S	7500	$56.60	Disposed	149824204	Direct
2005-08-01	30-Common Stock	S	6500	$56.59	Disposed	149817704	Direct