ELI LILLY & Co — Director's Dealing 2007

Sep 6, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2007-09-05

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-09-05	61-Common Stock	S	300	$57.77	Disposed	137506804	Direct
2007-09-05	62-Common Stock	S	500	$57.80	Disposed	137506304	Direct
2007-09-05	63-Common Stock	S	100	$57.81	Disposed	137506204	Direct
2007-09-05	64-Common Stock	S	200	$57.84	Disposed	137506004	Direct
2007-09-05	65-Common Stock	S	200	$57.86	Disposed	137505804	Direct