ELI LILLY & Co — Director's Dealing 2006

Aug 10, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2006-08-09

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-09	1-Common Stock	S	700	$56.04	Disposed	143150104	Direct
2006-08-09	2-Common Stock	S	700	$56.02	Disposed	143149404	Direct
2006-08-09	3-Common Stock	S	1000	$56.01	Disposed	143148404	Direct
2006-08-09	4-Common Stock	S	700	$55.98	Disposed	143147704	Direct
2006-08-09	5-Common Stock	S	700	$55.97	Disposed	143147004	Direct
2006-08-09	6-Common Stock	S	700	$55.95	Disposed	143146304	Direct
2006-08-09	7-Common Stock	S	900	$55.94	Disposed	143145404	Direct
2006-08-09	8-Common Stock	S	1400	$55.93	Disposed	143144004	Direct
2006-08-09	9-Common Stock	S	1400	$55.91	Disposed	143142604	Direct
2006-08-09	10-Common Stock	S	700	$55.90	Disposed	143141904	Direct
2006-08-09	11-Common Stock	S	1400	$55.89	Disposed	143140504	Direct
2006-08-09	12-Common Stock	S	1400	$55.88	Disposed	143139104	Direct
2006-08-09	13-Common Stock	S	1300	$55.87	Disposed	143137804	Direct
2006-08-09	14-Common Stock	S	1000	$55.86	Disposed	143136804	Direct
2006-08-09	15-Common Stock	S	700	$55.85	Disposed	143136104	Direct
2006-08-09	16-Common Stock	S	700	$55.83	Disposed	143135404	Direct
2006-08-09	17-Common Stock	S	1400	$55.82	Disposed	143134004	Direct
2006-08-09	18-Common Stock	S	1400	$55.81	Disposed	143132604	Direct
2006-08-09	19-Common Stock	S	3200	$55.80	Disposed	143129404	Direct
2006-08-09	20-Common Stock	S	4600	$55.79	Disposed	143124804	Direct
2006-08-09	21-Common Stock	S	1400	$55.78	Disposed	143123404	Direct
2006-08-09	22-Common Stock	S	3500	$55.77	Disposed	143119904	Direct
2006-08-09	23-Common Stock	S	2100	$55.75	Disposed	143117804	Direct
2006-08-09	24-Common Stock	S	700	$55.74	Disposed	143117104	Direct
2006-08-09	25-Common Stock	S	2100	$55.73	Disposed	143115004	Direct
2006-08-09	26-Common Stock	S	1400	$55.72	Disposed	143113604	Direct
2006-08-09	27-Common Stock	S	1400	$55.71	Disposed	143112204	Direct
2006-08-09	28-Common Stock	S	2100	$55.70	Disposed	143110104	Direct
2006-08-09	29-Common Stock	S	700	$55.69	Disposed	143109404	Direct
2006-08-09	30-Common Stock	S	100	$55.68	Disposed	143109304	Direct