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	31-Common Stock	S	800	$59.21	Disposed	151003304	Direct
2005-04-20	32-Common Stock	S	2900	$59.20	Disposed	151000404	Direct
2005-04-20	33-Common Stock	S	1000	$59.18	Disposed	150999404	Direct
2005-04-20	34-Common Stock	S	600	$59.17	Disposed	150998804	Direct
2005-04-20	35-Common Stock	S	700	$59.16	Disposed	150998104	Direct
2005-04-20	36-Common Stock	S	2100	$59.15	Disposed	150996004	Direct
2005-04-20	37-Common Stock	S	700	$59.14	Disposed	150995304	Direct
2005-04-20	38-Common Stock	S	800	$59.10	Disposed	150994504	Direct
2005-04-20	39-Common Stock	S	400	$59.05	Disposed	150994104	Direct
2005-04-20	40-Common Stock	S	200	$59.02	Disposed	150993904	Direct
2005-04-20	41-Common Stock	S	600	$59.01	Disposed	150993304	Direct
2005-04-20	42-Common Stock	S	700	$59.00	Disposed	150992604	Direct
2005-04-20	43-Common Stock	S	2700	$58.98	Disposed	150989904	Direct
2005-04-20	44-Common Stock	S	100	$58.97	Disposed	150989804	Direct
2005-04-20	45-Common Stock	S	400	$58.96	Disposed	150989404	Direct
2005-04-20	46-Common Stock	S	1100	$58.95	Disposed	150988304	Direct
2005-04-20	47-Common Stock	S	400	$58.92	Disposed	150987904	Direct
2005-04-20	48-Common Stock	S	800	$58.88	Disposed	150987104	Direct
2005-04-20	49-Common Stock	S	200	$58.87	Disposed	150986904	Direct
2005-04-20	50-Common Stock	S	900	$58.85	Disposed	150986004	Direct
2005-04-20	51-Common Stock	S	900	$58.83	Disposed	150985104	Direct
2005-04-20	52-Common Stock	S	1500	$58.82	Disposed	150983604	Direct
2005-04-20	53-Common Stock	S	2200	$58.81	Disposed	150981404	Direct
2005-04-20	54-Common Stock	S	1000	$58.80	Disposed	150980404	Direct
2005-04-20	55-Common Stock	S	600	$58.79	Disposed	150979804	Direct
2005-04-20	56-Common Stock	S	600	$58.78	Disposed	150979204	Direct
2005-04-20	57-Common Stock	S	700	$58.77	Disposed	150978504	Direct
2005-04-20	58-Common Stock	S	800	$58.76	Disposed	150977704	Direct
2005-04-20	59-Common Stock	S	700	$58.75	Disposed	150977004	Direct
2005-04-20	60-Common Stock	S	600	$58.74	Disposed	150976404	Direct