ELI LILLY & Co — Director's Dealing 2006

Nov 29, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2006-11-28

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-28	31-Common Stock	S	400	$53.94	Disposed	140798604	Direct
2006-11-28	32-Common Stock	S	700	$53.93	Disposed	140797904	Direct
2006-11-28	33-Common Stock	S	400	$53.92	Disposed	140797504	Direct
2006-11-28	34-Common Stock	S	800	$53.91	Disposed	140796704	Direct
2006-11-28	35-Common Stock	S	1500	$53.90	Disposed	140795204	Direct
2006-11-28	36-Common Stock	S	400	$53.88	Disposed	140794804	Direct
2006-11-28	37-Common Stock	S	600	$53.87	Disposed	140794204	Direct
2006-11-28	38-Common Stock	S	3400	$53.86	Disposed	140790804	Direct
2006-11-28	39-Common Stock	S	800	$53.85	Disposed	140790004	Direct
2006-11-28	40-Common Stock	S	1000	$53.84	Disposed	140789004	Direct
2006-11-28	41-Common Stock	S	600	$53.83	Disposed	140788404	Direct
2006-11-28	42-Common Stock	S	6400	$53.82	Disposed	140782004	Direct
2006-11-28	43-Common Stock	S	5200	$53.81	Disposed	140776804	Direct
2006-11-28	44-Common Stock	S	4200	$53.80	Disposed	140772604	Direct
2006-11-28	45-Common Stock	S	1600	$53.79	Disposed	140771004	Direct
2006-11-28	46-Common Stock	S	5600	$53.78	Disposed	140765404	Direct
2006-11-28	47-Common Stock	S	4400	$53.77	Disposed	140761004	Direct
2006-11-28	48-Common Stock	S	6400	$53.76	Disposed	140754604	Direct
2006-11-28	49-Common Stock	S	3800	$53.75	Disposed	140750804	Direct
2006-11-28	50-Common Stock	S	5600	$53.74	Disposed	140745204	Direct
2006-11-28	51-Common Stock	S	9100	$53.73	Disposed	140736104	Direct
2006-11-28	52-Common Stock	S	9300	$53.72	Disposed	140726804	Direct
2006-11-28	53-Common Stock	S	4500	$53.71	Disposed	140722304	Direct
2006-11-28	54-Common Stock	S	2800	$53.70	Disposed	140719504	Direct
2006-11-28	55-Common Stock	S	1100	$53.69	Disposed	140718404	Direct
2006-11-28	56-Common Stock	S	1600	$53.68	Disposed	140716804	Direct
2006-11-28	57-Common Stock	S	1000	$53.67	Disposed	140715804	Direct