X0202 4 2004-06-01 0 0000059478 LILLY ELI & CO LLY 0000316011 LILLY ENDOWMENT INC 2801 NORTH MERIDIAN STREET INDIANAPOLIS IN 46208-0068 0 0 1 0 1-Common Stock 2004-06-01 4 S 0 1200.0000 74.7500 D 152644604.0000 D 2-Common Stock 2004-06-01 4 S 0 5900.0000 74.7400 D 152638704.0000 D 3-Common Stock 2004-06-01 4 S 0 800.0000 74.7300 D 152637904.0000 D 4-Common Stock 2004-06-01 4 S 0 3000.0000 74.7000 D 152634904.0000 D 5-Common Stock 2004-06-01 4 S 0 3200.0000 74.6800 D 152631704.0000 D 6-Common Stock 2004-06-01 4 S 0 1100.0000 74.6600 D 152630604.0000 D 7-Common Stock 2004-06-01 4 S 0 3600.0000 74.6500 D 152627004.0000 D 8-Common Stock 2004-06-01 4 S 0 2200.0000 74.6400 D 152624804.0000 D 9-Common Stock 2004-06-01 4 S 0 2200.0000 74.6300 D 152622604.0000 D 10-Common Stock 2004-06-01 4 S 0 1600.0000 74.6100 D 152621004.0000 D 11-Common Stock 2004-06-01 4 S 0 1100.0000 74.5800 D 152619904.0000 D 12-Common Stock 2004-06-01 4 S 0 800.0000 74.5700 D 152619104.0000 D 13-Common Stock 2004-06-01 4 S 0 1100.0000 74.5600 D 152618004.0000 D 14-Common Stock 2004-06-01 4 S 0 1900.0000 74.5500 D 152616104.0000 D 15-Common Stock 2004-06-01 4 S 0 1100.0000 74.5300 D 152615004.0000 D 16-Common Stock 2004-06-01 4 S 0 1100.0000 74.5200 D 152613904.0000 D 17-Common Stock 2004-06-01 4 S 0 1300.0000 74.5100 D 152612604.0000 D 18-Common Stock 2004-06-01 4 S 0 1100.0000 74.5000 D 152611504.0000 D 19-Common Stock 2004-06-01 4 S 0 1900.0000 74.4800 D 152609604.0000 D 20-Common Stock 2004-06-01 4 S 0 900.0000 74.4700 D 152608704.0000 D 21-Common Stock 2004-06-01 4 S 0 5200.0000 74.4500 D 152603504.0000 D 22-Common Stock 2004-06-01 4 S 0 800.0000 74.4400 D 152602704.0000 D 23-Common Stock 2004-06-01 4 S 0 1100.0000 74.4100 D 152601604.0000 D 24-Common Stock 2004-06-01 4 S 0 1100.0000 74.4000 D 152600504.0000 D 25-Common Stock 2004-06-01 4 S 0 4100.0000 74.3900 D 152596404.0000 D 26-Common Stock 2004-06-01 4 S 0 6300.0000 74.3800 D 152590104.0000 D 27-Common Stock 2004-06-01 4 S 0 3300.0000 74.3600 D 152586804.0000 D 28-Common Stock 2004-06-01 4 S 0 6300.0000 74.3500 D 152580504.0000 D 29-Common Stock 2004-06-01 4 S 0 4100.0000 74.3400 D 152576404.0000 D 30-Common Stock 2004-06-01 4 S 0 4400.0000 74.3300 D 152572004.0000 D This is the first of two Forms 4 filed by the Reporting Person on same date, June 2, 2004, representing transactions #1 through #30 of 51 total transactions. by:/s/David D. Biber, Secretary and Treasurer on behalf of Lilly Endowment, Inc. 2004-06-02