ELI LILLY & Co — Director's Dealing 2006

Mar 14, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2006-03-13

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-13	1-Common Stock	S	1200	$57.50	Disposed	147244604	Direct
2006-03-13	2-Common Stock	S	2000	$57.49	Disposed	147242604	Direct
2006-03-13	3-Common Stock	S	3800	$57.47	Disposed	147238804	Direct
2006-03-13	4-Common Stock	S	3000	$57.46	Disposed	147235804	Direct
2006-03-13	5-Common Stock	S	5000	$57.42	Disposed	147230804	Direct
2006-03-13	6-Common Stock	S	3400	$57.31	Disposed	147227404	Direct
2006-03-13	7-Common Stock	S	3100	$57.30	Disposed	147224304	Direct
2006-03-13	8-Common Stock	S	700	$57.29	Disposed	147223604	Direct
2006-03-13	9-Common Stock	S	2600	$57.28	Disposed	147221004	Direct
2006-03-13	10-Common Stock	S	3000	$57.27	Disposed	147218004	Direct
2006-03-13	11-Common Stock	S	3400	$57.26	Disposed	147214604	Direct
2006-03-13	12-Common Stock	S	13400	$57.25	Disposed	147201204	Direct
2006-03-13	13-Common Stock	S	20100	$57.24	Disposed	147181104	Direct
2006-03-13	14-Common Stock	S	4400	$57.23	Disposed	147176704	Direct
2006-03-13	15-Common Stock	S	9300	$57.22	Disposed	147167404	Direct
2006-03-13	16-Common Stock	S	19100	$57.21	Disposed	147148304	Direct
2006-03-13	17-Common Stock	S	68600	$57.20	Disposed	147079704	Direct
2006-03-13	18-Common Stock	S	7700	$57.19	Disposed	147072004	Direct
2006-03-13	19-Common Stock	S	5900	$57.18	Disposed	147066104	Direct
2006-03-13	20-Common Stock	S	16500	$57.17	Disposed	147049604	Direct
2006-03-13	21-Common Stock	S	12000	$57.16	Disposed	147037604	Direct
2006-03-13	22-Common Stock	S	9400	$57.15	Disposed	147028204	Direct
2006-03-13	23-Common Stock	S	800	$57.14	Disposed	147027404	Direct
2006-03-13	24-Common Stock	S	1600	$57.13	Disposed	147025804	Direct
2006-03-13	25-Common Stock	S	2000	$57.10	Disposed	147023804	Direct
2006-03-13	26-Common Stock	S	3000	$57.08	Disposed	147020804	Direct