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	1-Common Stock	S	1800	$55.10	Disposed	150264004	Direct
2005-07-27	2-Common Stock	S	400	$55.09	Disposed	150263604	Direct
2005-07-27	3-Common Stock	S	1400	$55.07	Disposed	150262204	Direct
2005-07-27	4-Common Stock	S	1000	$55.06	Disposed	150261204	Direct
2005-07-27	5-Common Stock	S	3000	$55.05	Disposed	150258204	Direct
2005-07-27	6-Common Stock	S	1800	$55.04	Disposed	150256404	Direct
2005-07-27	7-Common Stock	S	1600	$55.03	Disposed	150254804	Direct
2005-07-27	8-Common Stock	S	4000	$55.02	Disposed	150250804	Direct
2005-07-27	9-Common Stock	S	3600	$55.01	Disposed	150247204	Direct
2005-07-27	10-Common Stock	S	5900	$55.00	Disposed	150241304	Direct
2005-07-27	11-Common Stock	S	3700	$54.99	Disposed	150237604	Direct
2005-07-27	12-Common Stock	S	2300	$54.98	Disposed	150235304	Direct
2005-07-27	13-Common Stock	S	1500	$54.97	Disposed	150233804	Direct
2005-07-27	14-Common Stock	S	3700	$54.96	Disposed	150230104	Direct
2005-07-27	15-Common Stock	S	3700	$54.95	Disposed	150226404	Direct
2005-07-27	16-Common Stock	S	2700	$54.94	Disposed	150223704	Direct
2005-07-27	17-Common Stock	S	1800	$54.93	Disposed	150221904	Direct
2005-07-27	18-Common Stock	S	100	$54.92	Disposed	150221804	Direct
2005-07-27	19-Common Stock	S	3900	$54.91	Disposed	150217904	Direct
2005-07-27	20-Common Stock	S	1300	$54.90	Disposed	150216604	Direct
2005-07-27	21-Common Stock	S	300	$54.88	Disposed	150216304	Direct
2005-07-27	22-Common Stock	S	100	$54.87	Disposed	150216204	Direct
2005-07-27	23-Common Stock	S	1300	$54.86	Disposed	150214904	Direct
2005-07-27	24-Common Stock	S	500	$54.85	Disposed	150214404	Direct
2005-07-27	25-Common Stock	S	100	$54.84	Disposed	150214304	Direct
2005-07-27	26-Common Stock	S	100	$54.83	Disposed	150214204	Direct
2005-07-27	27-Common Stock	S	700	$54.81	Disposed	150213504	Direct
2005-07-27	28-Common Stock	S	600	$54.79	Disposed	150212904	Direct
2005-07-27	29-Common Stock	S	600	$54.78	Disposed	150212304	Direct
2005-07-27	30-Common Stock	S	600	$54.76	Disposed	150211704	Direct