ELI LILLY & Co — Director's Dealing 2006

Nov 30, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2006-11-29

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-29	1-Common Stock	S	400	$54.34	Disposed	140715404	Direct
2006-11-29	2-Common Stock	S	600	$54.31	Disposed	140714804	Direct
2006-11-29	3-Common Stock	S	700	$54.30	Disposed	140714104	Direct
2006-11-29	4-Common Stock	S	1500	$54.29	Disposed	140712604	Direct
2006-11-29	5-Common Stock	S	1900	$54.28	Disposed	140710704	Direct
2006-11-29	6-Common Stock	S	1200	$54.27	Disposed	140709504	Direct
2006-11-29	7-Common Stock	S	2000	$54.26	Disposed	140707504	Direct
2006-11-29	8-Common Stock	S	2600	$54.25	Disposed	140704904	Direct
2006-11-29	9-Common Stock	S	1100	$54.24	Disposed	140703804	Direct
2006-11-29	10-Common Stock	S	800	$54.23	Disposed	140703004	Direct
2006-11-29	11-Common Stock	S	1000	$54.22	Disposed	140702004	Direct
2006-11-29	12-Common Stock	S	3500	$54.21	Disposed	140698504	Direct
2006-11-29	13-Common Stock	S	4900	$54.20	Disposed	140693604	Direct
2006-11-29	14-Common Stock	S	5700	$54.19	Disposed	140687904	Direct
2006-11-29	15-Common Stock	S	3100	$54.18	Disposed	140684804	Direct
2006-11-29	16-Common Stock	S	3900	$54.17	Disposed	140680904	Direct
2006-11-29	17-Common Stock	S	3500	$54.16	Disposed	140677404	Direct
2006-11-29	18-Common Stock	S	2200	$54.15	Disposed	140675204	Direct
2006-11-29	19-Common Stock	S	3100	$54.14	Disposed	140672104	Direct
2006-11-29	20-Common Stock	S	2900	$54.13	Disposed	140669204	Direct
2006-11-29	21-Common Stock	S	1400	$54.12	Disposed	140667804	Direct
2006-11-29	22-Common Stock	S	2500	$54.11	Disposed	140665304	Direct
2006-11-29	23-Common Stock	S	5700	$54.10	Disposed	140659604	Direct
2006-11-29	24-Common Stock	S	3100	$54.09	Disposed	140656504	Direct
2006-11-29	25-Common Stock	S	2900	$54.08	Disposed	140653604	Direct
2006-11-29	26-Common Stock	S	3200	$54.07	Disposed	140650404	Direct
2006-11-29	27-Common Stock	S	6600	$54.06	Disposed	140643804	Direct
2006-11-29	28-Common Stock	S	3100	$54.05	Disposed	140640704	Direct
2006-11-29	29-Common Stock	S	1600	$54.04	Disposed	140639104	Direct
2006-11-29	30-Common Stock	S	1700	$54.03	Disposed	140637404	Direct