ELI LILLY & Co — Director's Dealing 2005

Jul 28, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2005-07-27

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-07-27	61-Common Stock	S	5000	$54.43	Disposed	150141704	Direct
2005-07-27	62-Common Stock	S	5600	$54.42	Disposed	150136104	Direct
2005-07-27	63-Common Stock	S	8300	$54.41	Disposed	150127804	Direct
2005-07-27	64-Common Stock	S	6500	$54.40	Disposed	150121304	Direct
2005-07-27	65-Common Stock	S	3200	$54.39	Disposed	150118104	Direct
2005-07-27	66-Common Stock	S	2300	$54.38	Disposed	150115804	Direct