ELI LILLY & Co — Director's Dealing 2006

Aug 30, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2006-08-29

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-29	31-Common Stock	S	1500	$56.08	Disposed	142112704	Direct
2006-08-29	32-Common Stock	S	1900	$56.07	Disposed	142110804	Direct