X0201 42003-08-260 0000059478 LILLY ELI & CO LLY 0000316011 LILLY ENDOWMENT INC 2801 NORTH MERIDIAN STREET INDIANAPOLIS IN 46208-0068 00101-Common Stock2003-08-264S0130064.67D155729504D2-Common Stock2003-08-264S0360064.66D155725904D3-Common Stock2003-08-264S0130064.65D155724604D4-Common Stock2003-08-264S080064.59D155723804D5-Common Stock2003-08-264S0110064.57D155722704D6-Common Stock2003-08-264S0890064.56D155713804D7-Common Stock2003-08-264S0570064.55D155708104D8-Common Stock2003-08-264S0300064.54D155705104D9-Common Stock2003-08-264S0220064.53D155702904D10-Common Stock2003-08-264S080064.52D155702104D11-Common Stock2003-08-264S080064.51D155701304D12-Common Stock2003-08-264S0360064.5D155697704D13-Common Stock2003-08-264S0240064.49D155695304D14-Common Stock2003-08-264S0240064.48D155692904D15-Common Stock2003-08-264S0240064.47D155690504D16-Common Stock2003-08-264S0120064.46D155689304D17-Common Stock2003-08-264S0720064.45D155682104D18-Common Stock2003-08-264S0160064.44D155680504D19-Common Stock2003-08-264S0320064.43D155677304D20-Common Stock2003-08-264S0240064.42D155674904D21-Common Stock2003-08-264S080064.41D155674104D22-Common Stock2003-08-264S0430064.4D155669804D23-Common Stock2003-08-264S080064.39D155669004D24-Common Stock2003-08-264S0130064.38D155667704D25-Common Stock2003-08-264S0160064.37D155666104D26-Common Stock2003-08-264S0160064.36D155664504D27-Common Stock2003-08-264S0240064.35D155662104D28-Common Stock2003-08-264S080064.34D155661304D29-Common Stock2003-08-264S080064.33D155660504D30-Common Stock2003-08-264S0160064.32D155658904DThis is the first of three Forms 4 filed by the Reporting Person on same date, August 27, 2003, representing transactions #1 through #30 of 88 total transactions.by:/s/David D. Biber, Secretary and Treasurer on behalf of Lilly Endowment, Inc.2003-08-27