X0303 4 2008-08-12 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 2008-08-12 4 S 0 1000 49.36 D 136605804 D 32-Common Stock 2008-08-12 4 S 0 100 49.37 D 136605704 D 33-Common Stock 2008-08-12 4 S 0 2300 49.37 D 136603404 D 34-Common Stock 2008-08-12 4 S 0 800 49.38 D 136602604 D 35-Common Stock 2008-08-12 4 S 0 1500 49.39 D 136601104 D 36-Common Stock 2008-08-12 4 S 0 200 49.40 D 136600904 D 37-Common Stock 2008-08-12 4 S 0 1500 49.40 D 136599404 D 38-Common Stock 2008-08-12 4 S 0 1700 49.41 D 136597704 D 39-Common Stock 2008-08-12 4 S 0 3100 49.42 D 136594604 D 40-Common Stock 2008-08-12 4 S 0 2300 49.43 D 136592304 D 41-Common Stock 2008-08-12 4 S 0 3100 49.44 D 136589204 D 42-Common Stock 2008-08-12 4 S 0 2600 49.45 D 136586604 D 43-Common Stock 2008-08-12 4 S 0 2900 49.46 D 136583704 D 44-Common Stock 2008-08-12 4 S 0 2500 49.47 D 136581204 D 45-Common Stock 2008-08-12 4 S 0 100 49.48 D 136581104 D 46-Common Stock 2008-08-12 4 S 0 1100 49.48 D 136580004 D 47-Common Stock 2008-08-12 4 S 0 1100 49.49 D 136578904 D 48-Common Stock 2008-08-12 4 S 0 300 49.50 D 136578604 D 49-Common Stock 2008-08-12 4 S 0 500 49.51 D 136578104 D 50-Common Stock 2008-08-12 4 S 0 500 49.51 D 136577604 D 51-Common Stock 2008-08-12 4 S 0 700 49.52 D 136576904 D 52-Common Stock 2008-08-12 4 S 0 1199 49.53 D 136575705 D 53-Common Stock 2008-08-12 4 S 0 200 49.54 D 136575505 D 54-Common Stock 2008-08-12 4 S 0 300 49.54 D 136575205 D 55-Common Stock 2008-08-12 4 S 0 200 49.55 D 136575005 D 56-Common Stock 2008-08-12 4 S 0 1201 49.55 D 136573804 D 57-Common Stock 2008-08-12 4 S 0 1500 49.56 D 136572304 D 58-Common Stock 2008-08-12 4 S 0 100 49.57 D 136572204 D 59-Common Stock 2008-08-12 4 S 0 1000 49.57 D 136571204 D 60-Common Stock 2008-08-12 4 S 0 2600 49.58 D 136568604 D This is the second of three Forms 4 filed by the Reporting Person on the same date, August 13, 2008, representing transactions #31 through #60 of 86 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. 2008-08-13