ELI LILLY & Co — Director's Dealing 2005

Jul 29, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2005-07-28

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-07-28	31-Common Stock	S	1200	$55.38	Disposed	150002504	Direct
2005-07-28	32-Common Stock	S	800	$55.37	Disposed	150001704	Direct
2005-07-28	33-Common Stock	S	800	$55.36	Disposed	150000904	Direct
2005-07-28	34-Common Stock	S	3400	$55.35	Disposed	149997504	Direct
2005-07-28	35-Common Stock	S	1600	$55.34	Disposed	149995904	Direct
2005-07-28	36-Common Stock	S	2500	$55.33	Disposed	149993404	Direct
2005-07-28	37-Common Stock	S	1400	$55.32	Disposed	149992004	Direct
2005-07-28	38-Common Stock	S	2700	$55.31	Disposed	149989304	Direct
2005-07-28	39-Common Stock	S	200	$55.30	Disposed	149989104	Direct
2005-07-28	40-Common Stock	S	1500	$55.29	Disposed	149987604	Direct
2005-07-28	41-Common Stock	S	100	$55.28	Disposed	149987504	Direct
2005-07-28	42-Common Stock	S	900	$55.27	Disposed	149986604	Direct
2005-07-28	43-Common Stock	S	1200	$55.26	Disposed	149985404	Direct
2005-07-28	44-Common Stock	S	3400	$55.25	Disposed	149982004	Direct
2005-07-28	45-Common Stock	S	1700	$55.24	Disposed	149980304	Direct
2005-07-28	46-Common Stock	S	2300	$55.23	Disposed	149978004	Direct
2005-07-28	47-Common Stock	S	200	$55.22	Disposed	149977804	Direct
2005-07-28	48-Common Stock	S	300	$55.21	Disposed	149977504	Direct
2005-07-28	49-Common Stock	S	500	$55.19	Disposed	149977004	Direct
2005-07-28	50-Common Stock	S	700	$55.18	Disposed	149976304	Direct
2005-07-28	51-Common Stock	S	500	$55.17	Disposed	149975804	Direct
2005-07-28	52-Common Stock	S	2300	$55.16	Disposed	149973504	Direct
2005-07-28	53-Common Stock	S	1200	$55.15	Disposed	149972304	Direct
2005-07-28	54-Common Stock	S	2500	$55.14	Disposed	149969804	Direct
2005-07-28	55-Common Stock	S	3300	$55.13	Disposed	149966504	Direct
2005-07-28	56-Common Stock	S	2800	$55.12	Disposed	149963704	Direct
2005-07-28	57-Common Stock	S	1900	$55.11	Disposed	149961804	Direct
2005-07-28	58-Common Stock	S	2200	$55.10	Disposed	149959604	Direct
2005-07-28	59-Common Stock	S	200	$55.06	Disposed	149959404	Direct
2005-07-28	60-Common Stock	S	100	$55.05	Disposed	149959304	Direct