ELI LILLY & Co — Director's Dealing 2006

Nov 8, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2006-11-07

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-07	61-Common Stock	S	1400	$56.81	Disposed	140929004	Direct
2006-11-07	62-Common Stock	S	700	$56.78	Disposed	140928304	Direct
2006-11-07	63-Common Stock	S	900	$56.77	Disposed	140927404	Direct
2006-11-07	64-Common Stock	S	800	$56.75	Disposed	140926604	Direct
2006-11-07	65-Common Stock	S	800	$56.74	Disposed	140925804	Direct