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	1-Common Stock	S	1900	$59.70	Disposed	151028904	Direct
2005-04-20	2-Common Stock	S	100	$59.59	Disposed	151028804	Direct
2005-04-20	3-Common Stock	S	100	$59.58	Disposed	151028704	Direct
2005-04-20	4-Common Stock	S	1000	$59.55	Disposed	151027704	Direct
2005-04-20	5-Common Stock	S	100	$59.53	Disposed	151027604	Direct
2005-04-20	6-Common Stock	S	100	$59.52	Disposed	151027504	Direct
2005-04-20	7-Common Stock	S	800	$59.51	Disposed	151026704	Direct
2005-04-20	8-Common Stock	S	1300	$59.50	Disposed	151025404	Direct
2005-04-20	9-Common Stock	S	1100	$59.49	Disposed	151024304	Direct
2005-04-20	10-Common Stock	S	1400	$59.48	Disposed	151022904	Direct
2005-04-20	11-Common Stock	S	900	$59.47	Disposed	151022004	Direct
2005-04-20	12-Common Stock	S	3100	$59.46	Disposed	151018904	Direct
2005-04-20	13-Common Stock	S	1200	$59.45	Disposed	151017704	Direct
2005-04-20	14-Common Stock	S	200	$59.42	Disposed	151017504	Direct
2005-04-20	15-Common Stock	S	600	$59.41	Disposed	151016904	Direct
2005-04-20	16-Common Stock	S	2100	$59.40	Disposed	151014804	Direct
2005-04-20	17-Common Stock	S	600	$59.39	Disposed	151014204	Direct
2005-04-20	18-Common Stock	S	300	$59.37	Disposed	151013904	Direct
2005-04-20	19-Common Stock	S	800	$59.36	Disposed	151013104	Direct
2005-04-20	20-Common Stock	S	1800	$59.35	Disposed	151011304	Direct
2005-04-20	21-Common Stock	S	1500	$59.32	Disposed	151009804	Direct
2005-04-20	22-Common Stock	S	400	$59.31	Disposed	151009404	Direct
2005-04-20	23-Common Stock	S	1100	$59.30	Disposed	151008304	Direct
2005-04-20	24-Common Stock	S	100	$59.29	Disposed	151008204	Direct
2005-04-20	25-Common Stock	S	600	$59.28	Disposed	151007604	Direct
2005-04-20	26-Common Stock	S	700	$59.27	Disposed	151006904	Direct
2005-04-20	27-Common Stock	S	500	$59.26	Disposed	151006404	Direct
2005-04-20	28-Common Stock	S	800	$59.25	Disposed	151005604	Direct
2005-04-20	29-Common Stock	S	200	$59.23	Disposed	151005404	Direct
2005-04-20	30-Common Stock	S	1300	$59.22	Disposed	151004104	Direct