ELI LILLY & Co — Director's Dealing 2007

Jun 4, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2007-06-01

Reporting Person: TALLARIGO LORENZO (President, Internat'l Opers.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-06-01	Common Stock	S	4533	$58.73	Disposed	75058	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1802	Indirect

Footnotes

F1: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 2, 2007.