X0202 4 2004-08-17 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 2004-08-17 4 S 0 500 63.37 D 151465304 D 2-Common Stock 2004-08-17 4 S 0 600 63.35 D 151464704 D 3-Common Stock 2004-08-17 4 S 0 1600 63.33 D 151463104 D 4-Common Stock 2004-08-17 4 S 0 400 63.31 D 151462704 D 5-Common Stock 2004-08-17 4 S 0 600 63.29 D 151462104 D 6-Common Stock 2004-08-17 4 S 0 700 63.27 D 151461404 D 7-Common Stock 2004-08-17 4 S 0 600 63.26 D 151460804 D 8-Common Stock 2004-08-17 4 S 0 800 63.25 D 151460004 D 9-Common Stock 2004-08-17 4 S 0 1000 63.24 D 151459004 D 10-Common Stock 2004-08-17 4 S 0 800 63.23 D 151458204 D 11-Common Stock 2004-08-17 4 S 0 1500 63.22 D 151456704 D 12-Common Stock 2004-08-17 4 S 0 900 63.21 D 151455804 D 13-Common Stock 2004-08-17 4 S 0 1200 63.20 D 151454604 D 14-Common Stock 2004-08-17 4 S 0 1000 63.19 D 151453604 D 15-Common Stock 2004-08-17 4 S 0 1900 63.18 D 151451704 D 16-Common Stock 2004-08-17 4 S 0 2100 63.17 D 151449604 D 17-Common Stock 2004-08-17 4 S 0 1500 63.16 D 151448104 D 18-Common Stock 2004-08-17 4 S 0 3600 63.15 D 151444504 D 19-Common Stock 2004-08-17 4 S 0 5900 63.13 D 151438604 D 20-Common Stock 2004-08-17 4 S 0 1000 63.12 D 151437604 D 21-Common Stock 2004-08-17 4 S 0 1600 63.10 D 151436004 D 22-Common Stock 2004-08-17 4 S 0 1400 63.09 D 151434604 D 23-Common Stock 2004-08-17 4 S 0 500 63.08 D 151434104 D 24-Common Stock 2004-08-17 4 S 0 1700 63.07 D 151432404 D 25-Common Stock 2004-08-17 4 S 0 2400 63.06 D 151430004 D 26-Common Stock 2004-08-17 4 S 0 1200 63.05 D 151428804 D 27-Common Stock 2004-08-17 4 S 0 2000 63.04 D 151426804 D 28-Common Stock 2004-08-17 4 S 0 600 63.03 D 151426204 D 29-Common Stock 2004-08-17 4 S 0 1400 63.02 D 151424804 D 30-Common Stock 2004-08-17 4 S 0 3000 63.00 D 151421804 D This is the first of two Forms 4 filed by the Reporting Person on same date, August 18, 2004, representing transactions #1 through #30 of 51 total transactions. by:/s/David D. Biber, Secretary and Treasurer on behalf of Lilly Endowment, Inc. 2004-08-18