ELI LILLY & Co — Director's Dealing 2007

Jan 19, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2007-01-17

Reporting Person: Canute Scott A (President, Mfg. Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-17	Common Stock	A	17355	$52.86	Acquired	29035	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5935	Indirect
Common Stock	18078	Indirect

Footnotes

F1: Revocable Trust of which reporting person and his wife are trustee.