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	31-Common Stock	S	7800	$56.94	Disposed	146740504	Direct
2006-03-15	32-Common Stock	S	1000	$56.93	Disposed	146739504	Direct
2006-03-15	33-Common Stock	S	800	$56.92	Disposed	146738704	Direct
2006-03-15	34-Common Stock	S	1800	$56.91	Disposed	146736904	Direct
2006-03-15	35-Common Stock	S	1600	$56.90	Disposed	146735304	Direct
2006-03-15	36-Common Stock	S	200	$56.89	Disposed	146735104	Direct
2006-03-15	37-Common Stock	S	900	$56.86	Disposed	146734204	Direct
2006-03-15	38-Common Stock	S	800	$56.85	Disposed	146733404	Direct
2006-03-15	39-Common Stock	S	1000	$56.84	Disposed	146732404	Direct
2006-03-15	40-Common Stock	S	1000	$56.82	Disposed	146731404	Direct
2006-03-15	41-Common Stock	S	2000	$56.81	Disposed	146729404	Direct
2006-03-15	42-Common Stock	S	4200	$56.78	Disposed	146725204	Direct
2006-03-15	43-Common Stock	S	1800	$56.74	Disposed	146723404	Direct
2006-03-15	44-Common Stock	S	1300	$56.73	Disposed	146722104	Direct
2006-03-15	45-Common Stock	S	3600	$56.72	Disposed	146718504	Direct
2006-03-15	46-Common Stock	S	1700	$56.71	Disposed	146716804	Direct
2006-03-15	47-Common Stock	S	2600	$56.70	Disposed	146714204	Direct
2006-03-15	48-Common Stock	S	3400	$56.68	Disposed	146710804	Direct
2006-03-15	49-Common Stock	S	3000	$56.67	Disposed	146707804	Direct
2006-03-15	50-Common Stock	S	4600	$56.66	Disposed	146703204	Direct
2006-03-15	51-Common Stock	S	1000	$56.65	Disposed	146702204	Direct
2006-03-15	52-Common Stock	S	5800	$56.64	Disposed	146696404	Direct
2006-03-15	53-Common Stock	S	2000	$56.63	Disposed	146694404	Direct
2006-03-15	54-Common Stock	S	3900	$56.62	Disposed	146690504	Direct
2006-03-15	55-Common Stock	S	800	$56.61	Disposed	146689704	Direct
2006-03-15	56-Common Stock	S	3000	$56.60	Disposed	146686704	Direct
2006-03-15	57-Common Stock	S	1600	$56.59	Disposed	146685104	Direct
2006-03-15	58-Common Stock	S	1100	$56.58	Disposed	146684004	Direct
2006-03-15	59-Common Stock	S	2100	$56.56	Disposed	146681904	Direct
2006-03-15	60-Common Stock	S	1000	$56.55	Disposed	146680904	Direct