X0303 4 2008-08-05 0 0000059478 LILLY ELI & CO LLY 0000316011 LILLY ENDOWMENT INC 2801 NORTH MERIDIAN STREET INDIANAPOLIS IN 46208-0068 0 0 1 0 61-Common Stock 2008-08-05 4 S 0 600 47.68 D 137013504 D 62-Common Stock 2008-08-05 4 S 0 1200 47.68 D 137012304 D 63-Common Stock 2008-08-05 4 S 0 300 47.69 D 137012004 D 64-Common Stock 2008-08-05 4 S 0 5000 47.69 D 137007004 D 65-Common Stock 2008-08-05 4 S 0 400 47.70 D 137006604 D 66-Common Stock 2008-08-05 4 S 0 700 47.70 D 137005904 D 67-Common Stock 2008-08-05 4 S 0 200 47.71 D 137005704 D 68-Common Stock 2008-08-05 4 S 0 3342 47.71 D 137002362 D 69-Common Stock 2008-08-05 4 S 0 800 47.72 D 137001562 D 70-Common Stock 2008-08-05 4 S 0 1458 47.72 D 137000104 D 71-Common Stock 2008-08-05 4 S 0 900 47.73 D 136999204 D 72-Common Stock 2008-08-05 4 S 0 3600 47.73 D 136995604 D 73-Common Stock 2008-08-05 4 S 0 3700 47.74 D 136991904 D 74-Common Stock 2008-08-05 4 S 0 1000 47.75 D 136990904 D 75-Common Stock 2008-08-05 4 S 0 3300 47.75 D 136987604 D 76-Common Stock 2008-08-05 4 S 0 700 47.76 D 136986904 D 77-Common Stock 2008-08-05 4 S 0 4000 47.76 D 136982904 D 78-Common Stock 2008-08-05 4 S 0 600 47.77 D 136982304 D 79-Common Stock 2008-08-05 4 S 0 3100 47.77 D 136979204 D 80-Common Stock 2008-08-05 4 S 0 200 47.78 D 136979004 D 81-Common Stock 2008-08-05 4 S 0 2700 47.78 D 136976304 D 82-Common Stock 2008-08-05 4 S 0 6400 47.79 D 136969904 D 83-Common Stock 2008-08-05 4 S 0 2100 47.80 D 136967804 D 84-Common Stock 2008-08-05 4 S 0 1300 47.81 D 136966504 D 85-Common Stock 2008-08-05 4 S 0 100 47.82 D 136966404 D 86-Common Stock 2008-08-05 4 S 0 400 47.82 D 136966004 D 87-Common Stock 2008-08-05 4 S 0 100 47.83 D 136965904 D 88-Common Stock 2008-08-05 4 S 0 2000 47.83 D 136963904 D 89-Common Stock 2008-08-05 4 S 0 400 47.84 D 136963504 D 90-Common Stock 2008-08-05 4 S 0 2700 47.84 D 136960804 D This is the third of four Forms 4 filed by the Reporting Person on the same date, August 6, 2008, representing transactions #61 through #90 of 107 total transactions. All per share price figures are rounded to the next highest cent. by:/s/Diane M. Stenson, Treasurer on behalf of Lilly Endowment, Inc. 2008-08-06