ELI LILLY & Co — Director's Dealing 2006

Nov 13, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2006-11-09

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-09	31-Common Stock	S	1800	$55.49	Disposed	140901304	Direct
2006-11-09	32-Common Stock	S	2400	$55.48	Disposed	140898904	Direct
2006-11-09	33-Common Stock	S	800	$55.47	Disposed	140898104	Direct
2006-11-09	34-Common Stock	S	1600	$55.46	Disposed	140896504	Direct
2006-11-09	35-Common Stock	S	1200	$55.45	Disposed	140895304	Direct
2006-11-09	36-Common Stock	S	3000	$55.44	Disposed	140892304	Direct
2006-11-09	37-Common Stock	S	2400	$55.43	Disposed	140889904	Direct
2006-11-09	38-Common Stock	S	5300	$55.42	Disposed	140884604	Direct
2006-11-09	39-Common Stock	S	1200	$55.41	Disposed	140883404	Direct
2006-11-09	40-Common Stock	S	3100	$55.40	Disposed	140880304	Direct
2006-11-09	41-Common Stock	S	1800	$55.39	Disposed	140878504	Direct
2006-11-09	42-Common Stock	S	1200	$55.38	Disposed	140877304	Direct
2006-11-09	43-Common Stock	S	100	$55.37	Disposed	140877204	Direct
2006-11-09	44-Common Stock	S	1400	$55.36	Disposed	140875804	Direct
2006-11-09	45-Common Stock	S	3600	$55.35	Disposed	140872204	Direct
2006-11-09	46-Common Stock	S	1200	$55.34	Disposed	140871004	Direct
2006-11-09	47-Common Stock	S	2600	$55.33	Disposed	140868404	Direct
2006-11-09	48-Common Stock	S	2900	$55.32	Disposed	140865504	Direct
2006-11-09	49-Common Stock	S	600	$55.31	Disposed	140864904	Direct
2006-11-09	50-Common Stock	S	1400	$55.30	Disposed	140863504	Direct
2006-11-09	51-Common Stock	S	600	$55.29	Disposed	140862904	Direct
2006-11-09	52-Common Stock	S	600	$55.28	Disposed	140862304	Direct
2006-11-09	53-Common Stock	S	600	$55.27	Disposed	140861704	Direct
2006-11-09	54-Common Stock	S	800	$55.26	Disposed	140860904	Direct
2006-11-09	55-Common Stock	S	2400	$55.25	Disposed	140858504	Direct
2006-11-09	56-Common Stock	S	1300	$55.24	Disposed	140857204	Direct
2006-11-09	57-Common Stock	S	200	$55.23	Disposed	140857004	Direct
2006-11-09	58-Common Stock	S	600	$55.22	Disposed	140856404	Direct
2006-11-09	59-Common Stock	S	600	$55.21	Disposed	140855804	Direct
2006-11-09	60-Common Stock	S	300	$55.20	Disposed	140855504	Direct