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	1-Common Stock	S	700	$57.47	Disposed	141045104	Direct
2006-11-07	2-Common Stock	S	2100	$57.46	Disposed	141043004	Direct
2006-11-07	3-Common Stock	S	3300	$57.45	Disposed	141039704	Direct
2006-11-07	4-Common Stock	S	3100	$57.44	Disposed	141036604	Direct
2006-11-07	5-Common Stock	S	2500	$57.43	Disposed	141034104	Direct
2006-11-07	6-Common Stock	S	700	$57.42	Disposed	141033404	Direct
2006-11-07	7-Common Stock	S	600	$57.41	Disposed	141032804	Direct
2006-11-07	8-Common Stock	S	500	$57.40	Disposed	141032304	Direct
2006-11-07	9-Common Stock	S	700	$57.37	Disposed	141031604	Direct
2006-11-07	10-Common Stock	S	1100	$57.35	Disposed	141030504	Direct
2006-11-07	11-Common Stock	S	700	$57.33	Disposed	141029804	Direct
2006-11-07	12-Common Stock	S	2100	$57.32	Disposed	141027704	Direct
2006-11-07	13-Common Stock	S	700	$57.31	Disposed	141027004	Direct
2006-11-07	14-Common Stock	S	2100	$57.30	Disposed	141024904	Direct
2006-11-07	15-Common Stock	S	3500	$57.29	Disposed	141021404	Direct
2006-11-07	16-Common Stock	S	4300	$57.28	Disposed	141017104	Direct
2006-11-07	17-Common Stock	S	1700	$57.27	Disposed	141015404	Direct
2006-11-07	18-Common Stock	S	2500	$57.26	Disposed	141012904	Direct
2006-11-07	19-Common Stock	S	2200	$57.25	Disposed	141010704	Direct
2006-11-07	20-Common Stock	S	1500	$57.24	Disposed	141009204	Direct
2006-11-07	21-Common Stock	S	5500	$57.23	Disposed	141003704	Direct
2006-11-07	22-Common Stock	S	2300	$57.22	Disposed	141001404	Direct
2006-11-07	23-Common Stock	S	3000	$57.21	Disposed	140998404	Direct
2006-11-07	24-Common Stock	S	900	$57.20	Disposed	140997504	Direct
2006-11-07	25-Common Stock	S	800	$57.19	Disposed	140996704	Direct
2006-11-07	26-Common Stock	S	2200	$57.18	Disposed	140994504	Direct
2006-11-07	27-Common Stock	S	800	$57.17	Disposed	140993704	Direct
2006-11-07	28-Common Stock	S	800	$57.15	Disposed	140992904	Direct
2006-11-07	29-Common Stock	S	2600	$57.14	Disposed	140990304	Direct
2006-11-07	30-Common Stock	S	700	$57.13	Disposed	140989604	Direct