ELI LILLY & Co — Director's Dealing 2006

Mar 10, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2006-03-09

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-09	1-Common Stock	S	300	$57.47	Disposed	147445504	Direct
2006-03-09	2-Common Stock	S	1300	$57.38	Disposed	147444204	Direct
2006-03-09	3-Common Stock	S	900	$57.36	Disposed	147443304	Direct
2006-03-09	4-Common Stock	S	1000	$57.35	Disposed	147442304	Direct
2006-03-09	5-Common Stock	S	2100	$57.34	Disposed	147440204	Direct
2006-03-09	6-Common Stock	S	3100	$57.33	Disposed	147437104	Direct
2006-03-09	7-Common Stock	S	2100	$57.32	Disposed	147435004	Direct
2006-03-09	8-Common Stock	S	1700	$57.31	Disposed	147433304	Direct
2006-03-09	9-Common Stock	S	3700	$57.30	Disposed	147429604	Direct
2006-03-09	10-Common Stock	S	1400	$57.29	Disposed	147428204	Direct
2006-03-09	11-Common Stock	S	8700	$57.28	Disposed	147419504	Direct
2006-03-09	12-Common Stock	S	4200	$57.27	Disposed	147415304	Direct
2006-03-09	13-Common Stock	S	1100	$57.26	Disposed	147414204	Direct
2006-03-09	14-Common Stock	S	3200	$57.25	Disposed	147411004	Direct
2006-03-09	15-Common Stock	S	3100	$57.24	Disposed	147407904	Direct
2006-03-09	16-Common Stock	S	2100	$57.23	Disposed	147405804	Direct
2006-03-09	17-Common Stock	S	2200	$57.22	Disposed	147403604	Direct
2006-03-09	18-Common Stock	S	3500	$57.21	Disposed	147400104	Direct
2006-03-09	19-Common Stock	S	6600	$57.20	Disposed	147393504	Direct
2006-03-09	20-Common Stock	S	3300	$57.19	Disposed	147390204	Direct
2006-03-09	21-Common Stock	S	4400	$57.18	Disposed	147385804	Direct
2006-03-09	22-Common Stock	S	1700	$57.17	Disposed	147384104	Direct
2006-03-09	23-Common Stock	S	3600	$57.16	Disposed	147380504	Direct
2006-03-09	24-Common Stock	S	700	$57.15	Disposed	147379804	Direct
2006-03-09	25-Common Stock	S	4900	$57.14	Disposed	147374904	Direct
2006-03-09	26-Common Stock	S	6100	$57.13	Disposed	147368804	Direct
2006-03-09	27-Common Stock	S	4100	$57.12	Disposed	147364704	Direct
2006-03-09	28-Common Stock	S	4500	$57.11	Disposed	147360204	Direct
2006-03-09	29-Common Stock	S	12600	$57.10	Disposed	147347604	Direct
2006-03-09	30-Common Stock	S	7200	$57.09	Disposed	147340404	Direct