ELI LILLY & Co — Director's Dealing 2005

Apr 21, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2005-04-20

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-04-20	61-Common Stock	S	200	$58.73	Disposed	150976204	Direct
2005-04-20	62-Common Stock	S	900	$58.71	Disposed	150975304	Direct
2005-04-20	63-Common Stock	S	100	$58.69	Disposed	150975204	Direct
2005-04-20	64-Common Stock	S	300	$58.68	Disposed	150974904	Direct
2005-04-20	65-Common Stock	S	200	$58.65	Disposed	150974704	Direct
2005-04-20	66-Common Stock	S	500	$58.64	Disposed	150974204	Direct
2005-04-20	67-Common Stock	S	1900	$58.62	Disposed	150972304	Direct
2005-04-20	68-Common Stock	S	400	$58.61	Disposed	150971904	Direct
2005-04-20	69-Common Stock	S	100	$58.60	Disposed	150971804	Direct
2005-04-20	70-Common Stock	S	500	$58.59	Disposed	150971304	Direct
2005-04-20	71-Common Stock	S	2600	$58.58	Disposed	150968704	Direct
2005-04-20	72-Common Stock	S	3300	$58.57	Disposed	150965404	Direct
2005-04-20	73-Common Stock	S	2200	$58.56	Disposed	150963204	Direct
2005-04-20	74-Common Stock	S	2100	$58.55	Disposed	150961104	Direct
2005-04-20	75-Common Stock	S	100	$58.54	Disposed	150961004	Direct
2005-04-20	76-Common Stock	S	1600	$58.53	Disposed	150959404	Direct
2005-04-20	77-Common Stock	S	1100	$58.52	Disposed	150958304	Direct
2005-04-20	78-Common Stock	S	1100	$58.50	Disposed	150957204	Direct
2005-04-20	79-Common Stock	S	400	$58.47	Disposed	150956804	Direct
2005-04-20	80-Common Stock	S	100	$58.40	Disposed	150956704	Direct
2005-04-20	81-Common Stock	S	100	$58.39	Disposed	150956604	Direct
2005-04-20	82-Common Stock	S	400	$58.38	Disposed	150956204	Direct
2005-04-20	83-Common Stock	S	300	$58.36	Disposed	150955904	Direct
2005-04-20	84-Common Stock	S	800	$58.34	Disposed	150955104	Direct
2005-04-20	85-Common Stock	S	600	$58.30	Disposed	150954504	Direct
2005-04-20	86-Common Stock	S	900	$58.29	Disposed	150953604	Direct
2005-04-20	87-Common Stock	S	600	$58.28	Disposed	150953004	Direct
2005-04-20	88-Common Stock	S	2000	$58.27	Disposed	150951004	Direct
2005-04-20	89-Common Stock	S	800	$58.26	Disposed	150950204	Direct
2005-04-20	90-Common Stock	S	2300	$58.25	Disposed	150947904	Direct