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	31-Common Stock	S	100	$54.75	Disposed	150211604	Direct
2005-07-27	32-Common Stock	S	1100	$54.74	Disposed	150210504	Direct
2005-07-27	33-Common Stock	S	1700	$54.73	Disposed	150208804	Direct
2005-07-27	34-Common Stock	S	800	$54.72	Disposed	150208004	Direct
2005-07-27	35-Common Stock	S	500	$54.71	Disposed	150207504	Direct
2005-07-27	36-Common Stock	S	700	$54.70	Disposed	150206804	Direct
2005-07-27	37-Common Stock	S	1900	$54.69	Disposed	150204904	Direct
2005-07-27	38-Common Stock	S	2800	$54.68	Disposed	150202104	Direct
2005-07-27	39-Common Stock	S	100	$54.66	Disposed	150202004	Direct
2005-07-27	40-Common Stock	S	2700	$54.65	Disposed	150199304	Direct
2005-07-27	41-Common Stock	S	700	$54.64	Disposed	150198604	Direct
2005-07-27	42-Common Stock	S	400	$54.63	Disposed	150198204	Direct
2005-07-27	43-Common Stock	S	2200	$54.62	Disposed	150196004	Direct
2005-07-27	44-Common Stock	S	5300	$54.61	Disposed	150190704	Direct
2005-07-27	45-Common Stock	S	7900	$54.60	Disposed	150182804	Direct
2005-07-27	46-Common Stock	S	4900	$54.59	Disposed	150177904	Direct
2005-07-27	47-Common Stock	S	2600	$54.58	Disposed	150175304	Direct
2005-07-27	48-Common Stock	S	1700	$54.57	Disposed	150173604	Direct
2005-07-27	49-Common Stock	S	3000	$54.56	Disposed	150170604	Direct
2005-07-27	50-Common Stock	S	4600	$54.55	Disposed	150166004	Direct
2005-07-27	51-Common Stock	S	2400	$54.54	Disposed	150163604	Direct
2005-07-27	52-Common Stock	S	5000	$54.53	Disposed	150158604	Direct
2005-07-27	53-Common Stock	S	4500	$54.52	Disposed	150154104	Direct
2005-07-27	54-Common Stock	S	2900	$54.51	Disposed	150151204	Direct
2005-07-27	55-Common Stock	S	400	$54.50	Disposed	150150804	Direct
2005-07-27	56-Common Stock	S	200	$54.48	Disposed	150150604	Direct
2005-07-27	57-Common Stock	S	400	$54.47	Disposed	150150204	Direct
2005-07-27	58-Common Stock	S	1500	$54.46	Disposed	150148704	Direct
2005-07-27	59-Common Stock	S	1200	$54.45	Disposed	150147504	Direct
2005-07-27	60-Common Stock	S	800	$54.44	Disposed	150146704	Direct