ELI LILLY & Co — Director's Dealing 2006

Mar 9, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2006-03-08

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-08	1-Common Stock	S	900	$57.51	Disposed	147644904	Direct
2006-03-08	2-Common Stock	S	2400	$57.50	Disposed	147642504	Direct
2006-03-08	3-Common Stock	S	700	$57.49	Disposed	147641804	Direct
2006-03-08	4-Common Stock	S	2300	$57.48	Disposed	147639504	Direct
2006-03-08	5-Common Stock	S	3300	$57.47	Disposed	147636204	Direct
2006-03-08	6-Common Stock	S	2500	$57.46	Disposed	147633704	Direct
2006-03-08	7-Common Stock	S	3700	$57.45	Disposed	147630004	Direct
2006-03-08	8-Common Stock	S	6300	$57.44	Disposed	147623704	Direct
2006-03-08	9-Common Stock	S	3300	$57.43	Disposed	147620404	Direct
2006-03-08	10-Common Stock	S	3400	$57.42	Disposed	147617004	Direct
2006-03-08	11-Common Stock	S	5900	$57.41	Disposed	147611104	Direct
2006-03-08	12-Common Stock	S	4500	$57.40	Disposed	147606604	Direct
2006-03-08	13-Common Stock	S	1500	$57.39	Disposed	147605104	Direct
2006-03-08	14-Common Stock	S	3300	$57.38	Disposed	147601804	Direct
2006-03-08	15-Common Stock	S	2600	$57.37	Disposed	147599204	Direct
2006-03-08	16-Common Stock	S	10700	$57.36	Disposed	147588504	Direct
2006-03-08	17-Common Stock	S	800	$57.34	Disposed	147587704	Direct
2006-03-08	18-Common Stock	S	100	$57.31	Disposed	147587604	Direct
2006-03-08	19-Common Stock	S	1400	$57.30	Disposed	147586204	Direct
2006-03-08	20-Common Stock	S	1500	$57.29	Disposed	147584704	Direct
2006-03-08	21-Common Stock	S	3500	$57.28	Disposed	147581204	Direct
2006-03-08	22-Common Stock	S	1800	$57.27	Disposed	147579404	Direct
2006-03-08	23-Common Stock	S	3300	$57.26	Disposed	147576104	Direct
2006-03-08	24-Common Stock	S	900	$57.25	Disposed	147575204	Direct
2006-03-08	25-Common Stock	S	300	$57.24	Disposed	147574904	Direct
2006-03-08	26-Common Stock	S	2200	$57.23	Disposed	147572704	Direct
2006-03-08	27-Common Stock	S	100	$57.22	Disposed	147572604	Direct
2006-03-08	28-Common Stock	S	1100	$57.21	Disposed	147571504	Direct
2006-03-08	29-Common Stock	S	1000	$57.20	Disposed	147570504	Direct
2006-03-08	30-Common Stock	S	1700	$57.19	Disposed	147568804	Direct