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	1-Common Stock	S	1100	$55.70	Disposed	150114704	Direct
2005-07-28	2-Common Stock	S	100	$55.68	Disposed	150114604	Direct
2005-07-28	3-Common Stock	S	3500	$55.67	Disposed	150111104	Direct
2005-07-28	4-Common Stock	S	1300	$55.66	Disposed	150109804	Direct
2005-07-28	5-Common Stock	S	1800	$55.65	Disposed	150108004	Direct
2005-07-28	6-Common Stock	S	2400	$55.64	Disposed	150105604	Direct
2005-07-28	7-Common Stock	S	3300	$55.63	Disposed	150102304	Direct
2005-07-28	8-Common Stock	S	2800	$55.62	Disposed	150099504	Direct
2005-07-28	9-Common Stock	S	4700	$55.61	Disposed	150094804	Direct
2005-07-28	10-Common Stock	S	5500	$55.60	Disposed	150089304	Direct
2005-07-28	11-Common Stock	S	3900	$55.59	Disposed	150085404	Direct
2005-07-28	12-Common Stock	S	3500	$55.58	Disposed	150081904	Direct
2005-07-28	13-Common Stock	S	3900	$55.57	Disposed	150078004	Direct
2005-07-28	14-Common Stock	S	3700	$55.56	Disposed	150074304	Direct
2005-07-28	15-Common Stock	S	3800	$55.55	Disposed	150070504	Direct
2005-07-28	16-Common Stock	S	2300	$55.54	Disposed	150068204	Direct
2005-07-28	17-Common Stock	S	3400	$55.53	Disposed	150064804	Direct
2005-07-28	18-Common Stock	S	5400	$55.52	Disposed	150059404	Direct
2005-07-28	19-Common Stock	S	6600	$55.51	Disposed	150052804	Direct
2005-07-28	20-Common Stock	S	6200	$55.50	Disposed	150046604	Direct
2005-07-28	21-Common Stock	S	4000	$55.49	Disposed	150042604	Direct
2005-07-28	22-Common Stock	S	800	$55.48	Disposed	150041804	Direct
2005-07-28	23-Common Stock	S	6900	$55.47	Disposed	150034904	Direct
2005-07-28	24-Common Stock	S	5800	$55.46	Disposed	150029104	Direct
2005-07-28	25-Common Stock	S	8400	$55.45	Disposed	150020704	Direct
2005-07-28	26-Common Stock	S	10500	$55.44	Disposed	150010204	Direct
2005-07-28	27-Common Stock	S	2600	$55.43	Disposed	150007604	Direct
2005-07-28	28-Common Stock	S	1300	$55.42	Disposed	150006304	Direct
2005-07-28	29-Common Stock	S	1400	$55.41	Disposed	150004904	Direct
2005-07-28	30-Common Stock	S	1200	$55.40	Disposed	150003704	Direct