ELI LILLY & Co — Director's Dealing 2006

Apr 27, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2006-04-26

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-04-26	31-Common Stock	S	6200	$52.14	Disposed	146294604	Direct
2006-04-26	32-Common Stock	S	6400	$52.13	Disposed	146288204	Direct
2006-04-26	33-Common Stock	S	2800	$52.12	Disposed	146285404	Direct
2006-04-26	34-Common Stock	S	4400	$52.11	Disposed	146281004	Direct
2006-04-26	35-Common Stock	S	2400	$52.10	Disposed	146278604	Direct
2006-04-26	36-Common Stock	S	3900	$52.09	Disposed	146274704	Direct
2006-04-26	37-Common Stock	S	3100	$52.08	Disposed	146271604	Direct
2006-04-26	38-Common Stock	S	800	$52.06	Disposed	146270804	Direct