ELI LILLY & Co — Director's Dealing 2006

Mar 15, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2006-03-14

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-14	31-Common Stock	S	3600	$57.34	Disposed	146940504	Direct
2006-03-14	32-Common Stock	S	4000	$57.33	Disposed	146936504	Direct
2006-03-14	33-Common Stock	S	1000	$57.32	Disposed	146935504	Direct
2006-03-14	34-Common Stock	S	4800	$57.31	Disposed	146930704	Direct
2006-03-14	35-Common Stock	S	4300	$57.30	Disposed	146926404	Direct
2006-03-14	36-Common Stock	S	7000	$57.29	Disposed	146919404	Direct
2006-03-14	37-Common Stock	S	2400	$57.28	Disposed	146917004	Direct
2006-03-14	38-Common Stock	S	2000	$57.27	Disposed	146915004	Direct
2006-03-14	39-Common Stock	S	1600	$57.26	Disposed	146913404	Direct
2006-03-14	40-Common Stock	S	1700	$57.25	Disposed	146911704	Direct
2006-03-14	41-Common Stock	S	800	$57.24	Disposed	146910904	Direct
2006-03-14	42-Common Stock	S	800	$57.23	Disposed	146910104	Direct
2006-03-14	43-Common Stock	S	1500	$57.22	Disposed	146908604	Direct
2006-03-14	44-Common Stock	S	1000	$57.21	Disposed	146907604	Direct
2006-03-14	45-Common Stock	S	1800	$57.20	Disposed	146905804	Direct
2006-03-14	46-Common Stock	S	1800	$57.19	Disposed	146904004	Direct
2006-03-14	47-Common Stock	S	3600	$57.18	Disposed	146900404	Direct
2006-03-14	48-Common Stock	S	3900	$57.17	Disposed	146896504	Direct
2006-03-14	49-Common Stock	S	2500	$57.16	Disposed	146894004	Direct
2006-03-14	50-Common Stock	S	1600	$57.15	Disposed	146892404	Direct
2006-03-14	51-Common Stock	S	400	$57.14	Disposed	146892004	Direct
2006-03-14	52-Common Stock	S	2600	$57.13	Disposed	146889404	Direct
2006-03-14	53-Common Stock	S	1600	$57.12	Disposed	146887804	Direct
2006-03-14	54-Common Stock	S	4100	$57.11	Disposed	146883704	Direct
2006-03-14	55-Common Stock	S	3200	$57.10	Disposed	146880504	Direct
2006-03-14	56-Common Stock	S	2900	$57.09	Disposed	146877604	Direct
2006-03-14	57-Common Stock	S	1000	$57.08	Disposed	146876604	Direct
2006-03-14	58-Common Stock	S	1000	$57.07	Disposed	146875604	Direct
2006-03-14	59-Common Stock	S	1800	$57.05	Disposed	146873804	Direct
2006-03-14	60-Common Stock	S	2000	$57.03	Disposed	146871804	Direct