ELI LILLY & Co — Director's Dealing 2006

Apr 28, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2006-04-27

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-04-27	31-Common Stock	S	1600	$52.63	Disposed	146169704	Direct
2006-04-27	32-Common Stock	S	800	$52.62	Disposed	146168904	Direct
2006-04-27	33-Common Stock	S	1700	$52.59	Disposed	146167204	Direct
2006-04-27	34-Common Stock	S	800	$52.57	Disposed	146166404	Direct
2006-04-27	35-Common Stock	S	800	$52.56	Disposed	146165604	Direct
2006-04-27	36-Common Stock	S	1100	$52.55	Disposed	146164504	Direct
2006-04-27	37-Common Stock	S	2400	$52.53	Disposed	146162104	Direct
2006-04-27	38-Common Stock	S	1600	$52.52	Disposed	146160504	Direct
2006-04-27	39-Common Stock	S	800	$52.51	Disposed	146159704	Direct
2006-04-27	40-Common Stock	S	1600	$52.50	Disposed	146158104	Direct
2006-04-27	41-Common Stock	S	800	$52.49	Disposed	146157304	Direct
2006-04-27	42-Common Stock	S	800	$52.48	Disposed	146156504	Direct
2006-04-27	43-Common Stock	S	2400	$52.46	Disposed	146154104	Direct
2006-04-27	44-Common Stock	S	4700	$52.45	Disposed	146149404	Direct
2006-04-27	45-Common Stock	S	1600	$52.44	Disposed	146147804	Direct
2006-04-27	46-Common Stock	S	800	$52.42	Disposed	146147004	Direct
2006-04-27	47-Common Stock	S	800	$52.41	Disposed	146146204	Direct
2006-04-27	48-Common Stock	S	3200	$52.40	Disposed	146143004	Direct
2006-04-27	49-Common Stock	S	800	$52.39	Disposed	146142204	Direct
2006-04-27	50-Common Stock	S	5100	$52.38	Disposed	146137104	Direct
2006-04-27	51-Common Stock	S	3100	$52.35	Disposed	146134004	Direct
2006-04-27	52-Common Stock	S	900	$52.34	Disposed	146133104	Direct
2006-04-27	53-Common Stock	S	1600	$52.33	Disposed	146131504	Direct
2006-04-27	54-Common Stock	S	800	$52.32	Disposed	146130704	Direct
2006-04-27	55-Common Stock	S	1300	$52.30	Disposed	146129404	Direct
2006-04-27	56-Common Stock	S	800	$52.29	Disposed	146128604	Direct
2006-04-27	57-Common Stock	S	800	$52.28	Disposed	146127804	Direct
2006-04-27	58-Common Stock	S	800	$52.27	Disposed	146127004	Direct
2006-04-27	59-Common Stock	S	2200	$52.26	Disposed	146124804	Direct
2006-04-27	60-Common Stock	S	800	$52.25	Disposed	146124004	Direct