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	1-Common Stock	S	800	$57.72	Disposed	147020004	Direct
2006-03-14	2-Common Stock	S	800	$57.70	Disposed	147019204	Direct
2006-03-14	3-Common Stock	S	800	$57.67	Disposed	147018404	Direct
2006-03-14	4-Common Stock	S	800	$57.66	Disposed	147017604	Direct
2006-03-14	5-Common Stock	S	2400	$57.65	Disposed	147015204	Direct
2006-03-14	6-Common Stock	S	1600	$57.63	Disposed	147013604	Direct
2006-03-14	7-Common Stock	S	1800	$57.61	Disposed	147011804	Direct
2006-03-14	8-Common Stock	S	500	$57.60	Disposed	147011304	Direct
2006-03-14	9-Common Stock	S	800	$57.59	Disposed	147010504	Direct
2006-03-14	10-Common Stock	S	800	$57.58	Disposed	147009704	Direct
2006-03-14	11-Common Stock	S	3200	$57.57	Disposed	147006504	Direct
2006-03-14	12-Common Stock	S	2400	$57.56	Disposed	147004104	Direct
2006-03-14	13-Common Stock	S	8900	$57.55	Disposed	146995204	Direct
2006-03-14	14-Common Stock	S	4900	$57.53	Disposed	146990304	Direct
2006-03-14	15-Common Stock	S	1600	$57.52	Disposed	146988704	Direct
2006-03-14	16-Common Stock	S	3300	$57.51	Disposed	146985404	Direct
2006-03-14	17-Common Stock	S	8000	$57.50	Disposed	146977404	Direct
2006-03-14	18-Common Stock	S	3400	$57.49	Disposed	146974004	Direct
2006-03-14	19-Common Stock	S	1000	$57.48	Disposed	146973004	Direct
2006-03-14	20-Common Stock	S	2200	$57.47	Disposed	146970804	Direct
2006-03-14	21-Common Stock	S	2500	$57.46	Disposed	146968304	Direct
2006-03-14	22-Common Stock	S	4200	$57.44	Disposed	146964104	Direct
2006-03-14	23-Common Stock	S	2400	$57.42	Disposed	146961704	Direct
2006-03-14	24-Common Stock	S	1600	$57.41	Disposed	146960104	Direct
2006-03-14	25-Common Stock	S	2600	$57.40	Disposed	146957504	Direct
2006-03-14	26-Common Stock	S	1000	$57.39	Disposed	146956504	Direct
2006-03-14	27-Common Stock	S	3400	$57.38	Disposed	146953104	Direct
2006-03-14	28-Common Stock	S	700	$57.37	Disposed	146952404	Direct
2006-03-14	29-Common Stock	S	5500	$57.36	Disposed	146946904	Direct
2006-03-14	30-Common Stock	S	2800	$57.35	Disposed	146944104	Direct