ELI LILLY & Co — Director's Dealing 2006

Apr 26, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2006-04-25

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-04-25	1-Common Stock	S	100	$52.59	Disposed	146670704	Direct
2006-04-25	2-Common Stock	S	600	$52.58	Disposed	146670104	Direct
2006-04-25	3-Common Stock	S	800	$52.57	Disposed	146669304	Direct
2006-04-25	4-Common Stock	S	1500	$52.55	Disposed	146667804	Direct
2006-04-25	5-Common Stock	S	800	$52.54	Disposed	146667004	Direct
2006-04-25	6-Common Stock	S	600	$52.48	Disposed	146666404	Direct
2006-04-25	7-Common Stock	S	300	$52.45	Disposed	146666104	Direct
2006-04-25	8-Common Stock	S	800	$52.44	Disposed	146665304	Direct
2006-04-25	9-Common Stock	S	800	$52.43	Disposed	146664504	Direct
2006-04-25	10-Common Stock	S	100	$52.42	Disposed	146664404	Direct
2006-04-25	11-Common Stock	S	2000	$52.41	Disposed	146662404	Direct
2006-04-25	12-Common Stock	S	800	$52.40	Disposed	146661604	Direct
2006-04-25	13-Common Stock	S	2600	$52.39	Disposed	146659004	Direct
2006-04-25	14-Common Stock	S	2600	$52.38	Disposed	146656404	Direct
2006-04-25	15-Common Stock	S	2500	$52.37	Disposed	146653904	Direct
2006-04-25	16-Common Stock	S	800	$52.36	Disposed	146653104	Direct
2006-04-25	17-Common Stock	S	1800	$52.35	Disposed	146651304	Direct
2006-04-25	18-Common Stock	S	1600	$52.34	Disposed	146649704	Direct
2006-04-25	19-Common Stock	S	2900	$52.33	Disposed	146646804	Direct
2006-04-25	20-Common Stock	S	2500	$52.32	Disposed	146644304	Direct
2006-04-25	21-Common Stock	S	4100	$52.31	Disposed	146640204	Direct
2006-04-25	22-Common Stock	S	3000	$52.30	Disposed	146637204	Direct
2006-04-25	23-Common Stock	S	4400	$52.29	Disposed	146632804	Direct
2006-04-25	24-Common Stock	S	4300	$52.28	Disposed	146628504	Direct
2006-04-25	25-Common Stock	S	3200	$52.27	Disposed	146625304	Direct
2006-04-25	26-Common Stock	S	800	$52.25	Disposed	146624504	Direct
2006-04-25	27-Common Stock	S	2500	$52.24	Disposed	146622004	Direct
2006-04-25	28-Common Stock	S	2800	$52.23	Disposed	146619204	Direct
2006-04-25	29-Common Stock	S	2100	$52.22	Disposed	146617104	Direct
2006-04-25	30-Common Stock	S	11800	$52.21	Disposed	146605304	Direct