ELI LILLY & Co — Director's Dealing 2008

Jan 29, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2008-01-25

Reporting Person: SANTINI GINO (Sr.VP, Corp. Strategy & Policy)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-01-25	Common Stock	A	23510	$50.74	Acquired	118715	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2114	Indirect
Common Stock	3055	Indirect
Common Stock	3055	Indirect
Common Stock	9840	Indirect

Footnotes

F1: Reporting person disclaims beneficial ownership of these shares.