ELI LILLY & Co — Director's Dealing 2006

Dec 1, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2006-11-30

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-30	1-Common Stock	S	300	$54.17	Disposed	140600504	Direct
2006-11-30	2-Common Stock	S	200	$54.16	Disposed	140600304	Direct
2006-11-30	3-Common Stock	S	1500	$54.15	Disposed	140598804	Direct
2006-11-30	4-Common Stock	S	1100	$54.11	Disposed	140597704	Direct
2006-11-30	5-Common Stock	S	300	$53.99	Disposed	140597404	Direct
2006-11-30	6-Common Stock	S	100	$53.98	Disposed	140597304	Direct
2006-11-30	7-Common Stock	S	1600	$53.97	Disposed	140595704	Direct
2006-11-30	8-Common Stock	S	600	$53.94	Disposed	140595104	Direct
2006-11-30	9-Common Stock	S	100	$53.93	Disposed	140595004	Direct
2006-11-30	10-Common Stock	S	1000	$53.92	Disposed	140594004	Direct
2006-11-30	11-Common Stock	S	1400	$53.91	Disposed	140592604	Direct
2006-11-30	12-Common Stock	S	400	$53.90	Disposed	140592204	Direct
2006-11-30	13-Common Stock	S	300	$53.89	Disposed	140591904	Direct
2006-11-30	14-Common Stock	S	2100	$53.88	Disposed	140589804	Direct
2006-11-30	15-Common Stock	S	1200	$53.87	Disposed	140588604	Direct
2006-11-30	16-Common Stock	S	1900	$53.86	Disposed	140586704	Direct
2006-11-30	17-Common Stock	S	4300	$53.85	Disposed	140582404	Direct
2006-11-30	18-Common Stock	S	3400	$53.84	Disposed	140579004	Direct
2006-11-30	19-Common Stock	S	3000	$53.83	Disposed	140576004	Direct
2006-11-30	20-Common Stock	S	2800	$53.82	Disposed	140573204	Direct
2006-11-30	21-Common Stock	S	2400	$53.81	Disposed	140570804	Direct
2006-11-30	22-Common Stock	S	900	$53.80	Disposed	140569904	Direct
2006-11-30	23-Common Stock	S	3100	$53.79	Disposed	140566804	Direct
2006-11-30	24-Common Stock	S	1800	$53.78	Disposed	140565004	Direct
2006-11-30	25-Common Stock	S	1600	$53.77	Disposed	140563404	Direct
2006-11-30	26-Common Stock	S	3800	$53.76	Disposed	140559604	Direct
2006-11-30	27-Common Stock	S	3800	$53.75	Disposed	140555804	Direct
2006-11-30	28-Common Stock	S	3800	$53.74	Disposed	140552004	Direct
2006-11-30	29-Common Stock	S	6700	$53.73	Disposed	140545304	Direct
2006-11-30	30-Common Stock	S	3400	$53.72	Disposed	140541904	Direct