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	1-Common Stock	S	400	$56.27	Disposed	140925404	Direct
2006-11-09	2-Common Stock	S	1300	$56.25	Disposed	140924104	Direct
2006-11-09	3-Common Stock	S	400	$56.23	Disposed	140923704	Direct
2006-11-09	4-Common Stock	S	100	$56.14	Disposed	140923604	Direct
2006-11-09	5-Common Stock	S	100	$56.11	Disposed	140923504	Direct
2006-11-09	6-Common Stock	S	400	$56.08	Disposed	140923104	Direct
2006-11-09	7-Common Stock	S	900	$56.06	Disposed	140922204	Direct
2006-11-09	8-Common Stock	S	1300	$56.05	Disposed	140920904	Direct
2006-11-09	9-Common Stock	S	900	$56.04	Disposed	140920004	Direct
2006-11-09	10-Common Stock	S	600	$56.02	Disposed	140919404	Direct
2006-11-09	11-Common Stock	S	400	$56.01	Disposed	140919004	Direct
2006-11-09	12-Common Stock	S	600	$55.98	Disposed	140918404	Direct
2006-11-09	13-Common Stock	S	600	$55.92	Disposed	140917804	Direct
2006-11-09	14-Common Stock	S	500	$55.85	Disposed	140917304	Direct
2006-11-09	15-Common Stock	S	600	$55.76	Disposed	140916704	Direct
2006-11-09	16-Common Stock	S	600	$55.74	Disposed	140916104	Direct
2006-11-09	17-Common Stock	S	800	$55.73	Disposed	140915304	Direct
2006-11-09	18-Common Stock	S	700	$55.72	Disposed	140914604	Direct
2006-11-09	19-Common Stock	S	600	$55.65	Disposed	140914004	Direct
2006-11-09	20-Common Stock	S	300	$55.63	Disposed	140913704	Direct
2006-11-09	21-Common Stock	S	600	$55.62	Disposed	140913104	Direct
2006-11-09	22-Common Stock	S	600	$55.61	Disposed	140912504	Direct
2006-11-09	23-Common Stock	S	300	$55.60	Disposed	140912204	Direct
2006-11-09	24-Common Stock	S	600	$55.59	Disposed	140911604	Direct
2006-11-09	25-Common Stock	S	1700	$55.58	Disposed	140909904	Direct
2006-11-09	26-Common Stock	S	600	$55.56	Disposed	140909304	Direct
2006-11-09	27-Common Stock	S	800	$55.54	Disposed	140908504	Direct
2006-11-09	28-Common Stock	S	1500	$55.52	Disposed	140907004	Direct
2006-11-09	29-Common Stock	S	1000	$55.51	Disposed	140906004	Direct
2006-11-09	30-Common Stock	S	2900	$55.50	Disposed	140903104	Direct