X0201 42003-08-2100000059478LILLY ELI & CO LLY0000316011LILLY ENDOWMENT INC2801 NORTH MERIDIAN STREETINDIANAPOLISIN46208-0068001031-Common Stock2003-08-214S0380063.75D156070104D32-Common Stock2003-08-214S0100063.74D156069104D33-Common Stock2003-08-214S0100063.73D156068104D34-Common Stock2003-08-214S0100063.72D156067104D35-Common Stock2003-08-214S0240063.7D156064704D36-Common Stock2003-08-214S0140063.69D156063304D37-Common Stock2003-08-214S0160063.67D156061704D38-Common Stock2003-08-214S0200063.66D156059704D39-Common Stock2003-08-214S0440063.64D156055304D40-Common Stock2003-08-214S0180063.61D156053504D41-Common Stock2003-08-214S080063.6D156052704D42-Common Stock2003-08-214S01040063.56D156042304D43-Common Stock2003-08-214S080063.55D156041504D44-Common Stock2003-08-214S0120063.53D156040304D45-Common Stock2003-08-214S020063.52D156040104D46-Common Stock2003-08-214S0110063.51D156039004D47-Common Stock2003-08-214S0160063.5D156037404D48-Common Stock2003-08-214S0120063.48D156036204D49-Common Stock2003-08-214S080063.45D156035404D50-Common Stock2003-08-214S0160063.42D156033804D51-Common Stock2003-08-214S0120063.41D156032604D52-Common Stock2003-08-214S080063.4D156031804D53-Common Stock2003-08-214S0240063.38D156029404D54-Common Stock2003-08-214S0640063.35D156023004D55-Common Stock2003-08-214S0320063.34D156019804D56-Common Stock2003-08-214S0570063.33D156014104D57-Common Stock2003-08-214S0930063.32D156004804D58-Common Stock2003-08-214S0200063.31D156002804D59-Common Stock2003-08-214S0640063.3D155996404D60-Common Stock2003-08-214S080063.29D155995604DThis is the second of three Forms 4 filed by the Reporting Person on same date, August 22, 2003, representing transactions #31 through #60 of 78 total transactions.By:/s/David D. Biber, Secretary and Treasurer on behalf of Lilly Endowment, Inc.2003-08-22