ELI LILLY & Co — Director's Dealing 2006

Oct 24, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2006-10-20

Reporting Person: TALLARIGO LORENZO (President, Internat'l Opers.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-10-20	Common Stock	S	4000	$56.95	Disposed	70127	Direct
2006-10-20	Common Stock	S	1814	$56.98	Disposed	68313	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1525	Indirect