ELI LILLY & Co — Director's Dealing 2006

Mar 16, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2006-03-15

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-15	61-Common Stock	S	2200	$56.54	Disposed	146678704	Direct
2006-03-15	62-Common Stock	S	2300	$56.52	Disposed	146676404	Direct
2006-03-15	63-Common Stock	S	1100	$56.50	Disposed	146675304	Direct
2006-03-15	64-Common Stock	S	1500	$56.49	Disposed	146673804	Direct
2006-03-15	65-Common Stock	S	1000	$56.48	Disposed	146672804	Direct
2006-03-15	66-Common Stock	S	2000	$56.47	Disposed	146670804	Direct