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	1-Common Stock	S	800	$52.47	Disposed	146470004	Direct
2006-04-26	2-Common Stock	S	800	$52.44	Disposed	146469204	Direct
2006-04-26	3-Common Stock	S	800	$52.43	Disposed	146468404	Direct
2006-04-26	4-Common Stock	S	1000	$52.42	Disposed	146467404	Direct
2006-04-26	5-Common Stock	S	900	$52.41	Disposed	146466504	Direct
2006-04-26	6-Common Stock	S	2000	$52.40	Disposed	146464504	Direct
2006-04-26	7-Common Stock	S	4000	$52.38	Disposed	146460504	Direct
2006-04-26	8-Common Stock	S	4100	$52.37	Disposed	146456404	Direct
2006-04-26	9-Common Stock	S	3900	$52.36	Disposed	146452504	Direct
2006-04-26	10-Common Stock	S	5200	$52.35	Disposed	146447304	Direct
2006-04-26	11-Common Stock	S	1600	$52.34	Disposed	146445704	Direct
2006-04-26	12-Common Stock	S	5800	$52.33	Disposed	146439904	Direct
2006-04-26	13-Common Stock	S	5600	$52.32	Disposed	146434304	Direct
2006-04-26	14-Common Stock	S	6500	$52.31	Disposed	146427804	Direct
2006-04-26	15-Common Stock	S	6000	$52.30	Disposed	146421804	Direct
2006-04-26	16-Common Stock	S	5600	$52.29	Disposed	146416204	Direct
2006-04-26	17-Common Stock	S	5700	$52.28	Disposed	146410504	Direct
2006-04-26	18-Common Stock	S	3500	$52.27	Disposed	146407004	Direct
2006-04-26	19-Common Stock	S	2900	$52.26	Disposed	146404104	Direct
2006-04-26	20-Common Stock	S	11600	$52.25	Disposed	146392504	Direct
2006-04-26	21-Common Stock	S	16000	$52.24	Disposed	146376504	Direct
2006-04-26	22-Common Stock	S	5600	$52.23	Disposed	146370904	Direct
2006-04-26	23-Common Stock	S	10300	$52.22	Disposed	146360604	Direct
2006-04-26	24-Common Stock	S	11400	$52.21	Disposed	146349204	Direct
2006-04-26	25-Common Stock	S	10100	$52.20	Disposed	146339104	Direct
2006-04-26	26-Common Stock	S	8300	$52.19	Disposed	146330804	Direct
2006-04-26	27-Common Stock	S	10700	$52.18	Disposed	146320104	Direct
2006-04-26	28-Common Stock	S	12000	$52.17	Disposed	146308104	Direct
2006-04-26	29-Common Stock	S	4100	$52.16	Disposed	146304004	Direct
2006-04-26	30-Common Stock	S	3200	$52.15	Disposed	146300804	Direct