ELI LILLY & Co — Director's Dealing 2007

Sep 5, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2007-09-04

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-09-04	61-Common Stock	S	1300	$58.17	Disposed	137638304	Direct
2007-09-04	62-Common Stock	S	1600	$58.18	Disposed	137636704	Direct
2007-09-04	63-Common Stock	S	100	$58.19	Disposed	137636604	Direct
2007-09-04	64-Common Stock	S	800	$58.20	Disposed	137635804	Direct