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	1-Common Stock	S	1000	$54.27	Disposed	140824804	Direct
2006-11-28	2-Common Stock	S	700	$54.25	Disposed	140824104	Direct
2006-11-28	3-Common Stock	S	100	$54.24	Disposed	140824004	Direct
2006-11-28	4-Common Stock	S	100	$54.23	Disposed	140823904	Direct
2006-11-28	5-Common Stock	S	100	$54.22	Disposed	140823804	Direct
2006-11-28	6-Common Stock	S	300	$54.21	Disposed	140823504	Direct
2006-11-28	7-Common Stock	S	1400	$54.20	Disposed	140822104	Direct
2006-11-28	8-Common Stock	S	800	$54.19	Disposed	140821304	Direct
2006-11-28	9-Common Stock	S	800	$54.18	Disposed	140820504	Direct
2006-11-28	10-Common Stock	S	2400	$54.17	Disposed	140818104	Direct
2006-11-28	11-Common Stock	S	900	$54.16	Disposed	140817204	Direct
2006-11-28	12-Common Stock	S	700	$54.15	Disposed	140816504	Direct
2006-11-28	13-Common Stock	S	400	$54.13	Disposed	140816104	Direct
2006-11-28	14-Common Stock	S	1500	$54.12	Disposed	140814604	Direct
2006-11-28	15-Common Stock	S	900	$54.11	Disposed	140813704	Direct
2006-11-28	16-Common Stock	S	300	$54.10	Disposed	140813404	Direct
2006-11-28	17-Common Stock	S	200	$54.09	Disposed	140813204	Direct
2006-11-28	18-Common Stock	S	1200	$54.08	Disposed	140812004	Direct
2006-11-28	19-Common Stock	S	600	$54.07	Disposed	140811404	Direct
2006-11-28	20-Common Stock	S	500	$54.06	Disposed	140810904	Direct
2006-11-28	21-Common Stock	S	200	$54.05	Disposed	140810704	Direct
2006-11-28	22-Common Stock	S	700	$54.04	Disposed	140810004	Direct
2006-11-28	23-Common Stock	S	3200	$54.03	Disposed	140806804	Direct
2006-11-28	24-Common Stock	S	1100	$54.02	Disposed	140805704	Direct
2006-11-28	25-Common Stock	S	1500	$54.01	Disposed	140804204	Direct
2006-11-28	26-Common Stock	S	1800	$54.00	Disposed	140802404	Direct
2006-11-28	27-Common Stock	S	100	$53.98	Disposed	140802304	Direct
2006-11-28	28-Common Stock	S	1400	$53.97	Disposed	140800904	Direct
2006-11-28	29-Common Stock	S	1100	$53.96	Disposed	140799804	Direct
2006-11-28	30-Common Stock	S	800	$53.95	Disposed	140799004	Direct