ELI LILLY & Co — Director's Dealing 2006

Dec 18, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2006-12-14

Reporting Person: Connelly Deirdre P (President, Lilly USA)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-14	Common Stock	S	2141	$54.12	Disposed	17737	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1815	Indirect