X0202 4 2004-08-03 0 0000059478 LILLY ELI & CO LLY 0000316011 LILLY ENDOWMENT INC 2801 NORTH MERIDIAN STREET INDIANAPOLIS IN 46208-0068 0 0 1 0 31-Common Stock 2004-08-03 4 S 0 100 63.72 D 151788804 D 32-Common Stock 2004-08-03 4 S 0 800 63.71 D 151788004 D 33-Common Stock 2004-08-03 4 S 0 2400 63.70 D 151785604 D 34-Common Stock 2004-08-03 4 S 0 1500 63.69 D 151784104 D 35-Common Stock 2004-08-03 4 S 0 400 63.68 D 151783704 D 36-Common Stock 2004-08-03 4 S 0 900 63.67 D 151782804 D 37-Common Stock 2004-08-03 4 S 0 1000 63.66 D 151781804 D 38-Common Stock 2004-08-03 4 S 0 600 63.65 D 151781204 D 39-Common Stock 2004-08-03 4 S 0 400 63.63 D 151780804 D 40-Common Stock 2004-08-03 4 S 0 400 63.62 D 151780404 D 41-Common Stock 2004-08-03 4 S 0 2600 63.61 D 151777804 D 42-Common Stock 2004-08-03 4 S 0 1500 63.60 D 151776304 D 43-Common Stock 2004-08-03 4 S 0 800 63.59 D 151775504 D 44-Common Stock 2004-08-03 4 S 0 900 63.58 D 151774604 D 45-Common Stock 2004-08-03 4 S 0 2000 63.56 D 151772604 D 46-Common Stock 2004-08-03 4 S 0 1200 63.55 D 151771404 D 47-Common Stock 2004-08-03 4 S 0 900 63.54 D 151770504 D 48-Common Stock 2004-08-03 4 S 0 1300 63.53 D 151769204 D 49-Common Stock 2004-08-03 4 S 0 700 63.52 D 151768504 D 50-Common Stock 2004-08-03 4 S 0 400 63.51 D 151768104 D 51-Common Stock 2004-08-03 4 S 0 500 63.50 D 151767604 D 52-Common Stock 2004-08-03 4 S 0 1100 63.49 D 151766504 D 53-Common Stock 2004-08-03 4 S 0 2000 63.48 D 151764504 D 54-Common Stock 2004-08-03 4 S 0 2100 63.46 D 151762404 D 55-Common Stock 2004-08-03 4 S 0 3500 63.44 D 151758904 D 56-Common Stock 2004-08-03 4 S 0 2000 63.43 D 151756904 D 57-Common Stock 2004-08-03 4 S 0 400 63.42 D 151756504 D 58-Common Stock 2004-08-03 4 S 0 800 63.41 D 151755704 D 59-Common Stock 2004-08-03 4 S 0 500 63.38 D 151755204 D 60-Common Stock 2004-08-03 4 S 0 1200 63.37 D 151754004 D This is the second of three Forms 4 filed by the Reporting Person on same date, August 4, 2004, representing transactions #31 through #60 of 67 total transactions. by:/s/David D. Biber, Secretary and Treasurer on behalf of Lilly Endowment, Inc. 2004-08-04