X0202 4 2004-08-06 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 2004-08-06 4 S 0 400 60.75 D 151701604 D 32-Common Stock 2004-08-06 4 S 0 300 60.74 D 151701304 D 33-Common Stock 2004-08-06 4 S 0 1000 60.73 D 151700304 D 34-Common Stock 2004-08-06 4 S 0 300 60.71 D 151700004 D 35-Common Stock 2004-08-06 4 S 0 1400 60.70 D 151698604 D 36-Common Stock 2004-08-06 4 S 0 1000 60.69 D 151697604 D 37-Common Stock 2004-08-06 4 S 0 500 60.67 D 151697104 D 38-Common Stock 2004-08-06 4 S 0 300 60.66 D 151696804 D 39-Common Stock 2004-08-06 4 S 0 700 60.65 D 151696104 D 40-Common Stock 2004-08-06 4 S 0 1300 60.63 D 151694804 D 41-Common Stock 2004-08-06 4 S 0 1100 60.61 D 151693704 D 42-Common Stock 2004-08-06 4 S 0 700 60.60 D 151693004 D 43-Common Stock 2004-08-06 4 S 0 700 60.59 D 151692304 D 44-Common Stock 2004-08-06 4 S 0 600 60.58 D 151691704 D 45-Common Stock 2004-08-06 4 S 0 600 60.57 D 151691104 D 46-Common Stock 2004-08-06 4 S 0 500 60.53 D 151690604 D 47-Common Stock 2004-08-06 4 S 0 900 60.52 D 151689704 D 48-Common Stock 2004-08-06 4 S 0 800 60.51 D 151688904 D 49-Common Stock 2004-08-06 4 S 0 1800 60.50 D 151687104 D 50-Common Stock 2004-08-06 4 S 0 800 60.48 D 151686304 D 51-Common Stock 2004-08-06 4 S 0 1700 60.45 D 151684604 D 52-Common Stock 2004-08-06 4 S 0 2000 60.39 D 151682604 D 53-Common Stock 2004-08-06 4 S 0 400 60.35 D 151682204 D 54-Common Stock 2004-08-06 4 S 0 300 60.34 D 151681904 D 55-Common Stock 2004-08-06 4 S 0 1100 60.31 D 151680804 D This is the second of two Forms 4 filed by the Reporting Person on same date, August 9, 2004, representing transactions #31 through #55 of 55 total transactions. by:/s/David D. Biber, Secretary and Treasurer on behalf of Lilly Endowment, Inc. 2004-08-09