-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000059478-03-000012.txt : 20030710
<SEC-HEADER>0000059478-03-000012.hdr.sgml : 20030710
<ACCEPTANCE-DATETIME>20030710160500
ACCESSION NUMBER:		0000059478-03-000012
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030701
FILED AS OF DATE:		20030710

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PAUL STEVEN M
		CENTRAL INDEX KEY:			0001237564

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-06351
		FILM NUMBER:		03782090

	MAIL ADDRESS:	
		STREET 1:		C/O ELI LITTY & CO
		STREET 2:		LIIY CORPORATE CENTER DC 1093
		CITY:			INDIANAPOLIS
		STATE:			IN
		ZIP:			46285

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LILLY ELI & CO
		CENTRAL INDEX KEY:			0000059478
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				350470950
		STATE OF INCORPORATION:			IN
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		LILLY CORPORATE CTR
		STREET 2:		DROP CODE 1112
		CITY:			INDIANAPOLIS
		STATE:			IN
		ZIP:			46285
		BUSINESS PHONE:		3172762000

	MAIL ADDRESS:	
		STREET 1:		LILLY CORPORATE CENTER
		STREET 2:		DROP CODE 1112
		CITY:			INDIANAPOLIS
		STATE:			IN
		ZIP:			46285
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>doc3.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

    <documentType>3</documentType>
    <periodOfReport>2003-07-01</periodOfReport>
    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000059478</issuerCik>
        <issuerName>LILLY ELI &amp; CO</issuerName>
        <issuerTradingSymbol>LLY</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001237564</rptOwnerCik>
            <rptOwnerName>PAUL STEVEN M</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>EVP, Science and Technology</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>
   <nonDerivativeSecurity>
      <securityTitle>
          <value>Common Stock</value>
      </securityTitle>
      <transactionAmounts>
          <transactionShares>
              <value>20504.00</value>
          </transactionShares>
      </transactionAmounts>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </nonDerivativeSecurity>
   <nonDerivativeSecurity>
      <securityTitle>
          <value>Common Stock</value>
      </securityTitle>
      <transactionAmounts>
          <transactionShares>
              <value>2105.00</value>
          </transactionShares>
      </transactionAmounts>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>I</value>
          </directOrIndirectOwnership>
          <natureOfOwnership>
              <value>401(k)</value>
          </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeSecurity>
   <nonDerivativeSecurity>
      <securityTitle>
          <value>Common Stock</value>
      </securityTitle>
      <transactionAmounts>
          <transactionShares>
              <value>579.00</value>
          </transactionShares>
      </transactionAmounts>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>I</value>
              <footnoteId id="F1" />
          </directOrIndirectOwnership>
          <natureOfOwnership>
              <value>by daughter</value>
          </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeSecurity>
   <nonDerivativeSecurity>
      <securityTitle>
          <value>Common Stock</value>
      </securityTitle>
      <transactionAmounts>
          <transactionShares>
              <value>38877.00</value>
          </transactionShares>
      </transactionAmounts>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>I</value>
              <footnoteId id="F1" />
          </directOrIndirectOwnership>
          <natureOfOwnership>
              <value>by wife</value>
          </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeSecurity>
   <nonDerivativeSecurity>
      <securityTitle>
          <value>Common Stock</value>
      </securityTitle>
      <transactionAmounts>
          <transactionShares>
              <value>589.00</value>
          </transactionShares>
      </transactionAmounts>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>I</value>
              <footnoteId id="F1" />
          </directOrIndirectOwnership>
          <natureOfOwnership>
              <value>by wife as custodian for son</value>
          </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeSecurity>
   <derivativeSecurity>
      <securityTitle>
          <value>Employee stock option (right to buy)</value>
      </securityTitle>
      <conversionOrExercisePrice>
          <value>14.66</value>
      </conversionOrExercisePrice>
      <exerciseDate>
          <value>1997-10-17</value>
      </exerciseDate>
      <expirationDate>
          <value>2004-10-15</value>
      </expirationDate>
      <underlyingSecurity>
          <underlyingSecurityTitle>
              <value>Common Stock</value>
          </underlyingSecurityTitle>
          <underlyingSecurityShares>
              <value>18700.00</value>
          </underlyingSecurityShares>
      </underlyingSecurity>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeSecurity>
   <derivativeSecurity>
      <securityTitle>
          <value>Employee stock option (right to buy)</value>
      </securityTitle>
      <conversionOrExercisePrice>
          <value>23.41</value>
      </conversionOrExercisePrice>
      <exerciseDate>
          <value>1998-10-16</value>
      </exerciseDate>
      <expirationDate>
          <value>2005-10-14</value>
      </expirationDate>
      <underlyingSecurity>
          <underlyingSecurityTitle>
              <value>Common Stock</value>
          </underlyingSecurityTitle>
          <underlyingSecurityShares>
              <value>24000.00</value>
          </underlyingSecurityShares>
      </underlyingSecurity>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeSecurity>
   <derivativeSecurity>
      <securityTitle>
          <value>Employee stock option (right to buy)</value>
      </securityTitle>
      <conversionOrExercisePrice>
          <value>34.60</value>
      </conversionOrExercisePrice>
      <exerciseDate>
          <value>1999-10-21</value>
      </exerciseDate>
      <expirationDate>
          <value>2006-10-20</value>
      </expirationDate>
      <underlyingSecurity>
          <underlyingSecurityTitle>
              <value>Common Stock</value>
          </underlyingSecurityTitle>
          <underlyingSecurityShares>
              <value>16000.00</value>
          </underlyingSecurityShares>
      </underlyingSecurity>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeSecurity>
   <derivativeSecurity>
      <securityTitle>
          <value>Employee stock option (right to buy)</value>
      </securityTitle>
      <conversionOrExercisePrice>
          <value>54.80</value>
      </conversionOrExercisePrice>
      <exerciseDate>
          <value>2000-07-21</value>
      </exerciseDate>
      <expirationDate>
          <value>2007-07-18</value>
      </expirationDate>
      <underlyingSecurity>
          <underlyingSecurityTitle>
              <value>Common Stock</value>
          </underlyingSecurityTitle>
          <underlyingSecurityShares>
              <value>100000.00</value>
          </underlyingSecurityShares>
      </underlyingSecurity>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeSecurity>
   <derivativeSecurity>
      <securityTitle>
          <value>Employee stock option (right to buy)</value>
      </securityTitle>
      <conversionOrExercisePrice>
          <value>64.06</value>
      </conversionOrExercisePrice>
      <exerciseDate>
          <value>2000-10-20</value>
      </exerciseDate>
      <expirationDate>
          <value>2007-10-19</value>
      </expirationDate>
      <underlyingSecurity>
          <underlyingSecurityTitle>
              <value>Common Stock</value>
          </underlyingSecurityTitle>
          <underlyingSecurityShares>
              <value>20000.00</value>
          </underlyingSecurityShares>
      </underlyingSecurity>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeSecurity>
   <derivativeSecurity>
      <securityTitle>
          <value>Employee stock option (right to buy)</value>
      </securityTitle>
      <conversionOrExercisePrice>
          <value>74.28</value>
      </conversionOrExercisePrice>
      <exerciseDate>
          <value>2001-10-19</value>
      </exerciseDate>
      <expirationDate>
          <value>2008-10-17</value>
      </expirationDate>
      <underlyingSecurity>
          <underlyingSecurityTitle>
              <value>Common Stock</value>
          </underlyingSecurityTitle>
          <underlyingSecurityShares>
              <value>25000.00</value>
          </underlyingSecurityShares>
      </underlyingSecurity>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeSecurity>
   <derivativeSecurity>
      <securityTitle>
          <value>Employee Stock Option (right to buy)</value>
      </securityTitle>
      <conversionOrExercisePrice>
          <value>66.38</value>
      </conversionOrExercisePrice>
      <exerciseDate>
          <value>2002-10-18</value>
      </exerciseDate>
      <expirationDate>
          <value>2009-10-16</value>
      </expirationDate>
      <underlyingSecurity>
          <underlyingSecurityTitle>
              <value>Common Stock</value>
          </underlyingSecurityTitle>
          <underlyingSecurityShares>
              <value>46000.00</value>
          </underlyingSecurityShares>
      </underlyingSecurity>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeSecurity>
   <derivativeSecurity>
      <securityTitle>
          <value>Employee stock option (right to buy)</value>
      </securityTitle>
      <conversionOrExercisePrice>
          <value>73.98</value>
      </conversionOrExercisePrice>
      <exerciseDate>
          <value>2004-02-20</value>
      </exerciseDate>
      <expirationDate>
          <value>2011-02-18</value>
      </expirationDate>
      <underlyingSecurity>
          <underlyingSecurityTitle>
              <value>Common Stock</value>
          </underlyingSecurityTitle>
          <underlyingSecurityShares>
              <value>75900.00</value>
          </underlyingSecurityShares>
      </underlyingSecurity>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeSecurity>
   <derivativeSecurity>
      <securityTitle>
          <value>Employee stock option (right to buy)</value>
      </securityTitle>
      <conversionOrExercisePrice>
          <value>79.28</value>
      </conversionOrExercisePrice>
      <exerciseDate>
          <value>2002-10-04</value>
              <footnoteId id="F2" />
      </exerciseDate>
      <expirationDate>
          <value>2011-10-04</value>
      </expirationDate>
      <underlyingSecurity>
          <underlyingSecurityTitle>
              <value>Common Stock</value>
          </underlyingSecurityTitle>
          <underlyingSecurityShares>
              <value>23000.00</value>
          </underlyingSecurityShares>
      </underlyingSecurity>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeSecurity>
   <derivativeSecurity>
      <securityTitle>
          <value>Employee stock option (right to buy)</value>
      </securityTitle>
      <conversionOrExercisePrice>
          <value>75.92</value>
      </conversionOrExercisePrice>
      <exerciseDate>
          <value>2005-02-19</value>
      </exerciseDate>
      <expirationDate>
          <value>2012-02-17</value>
      </expirationDate>
      <underlyingSecurity>
          <underlyingSecurityTitle>
              <value>Common Stock</value>
          </underlyingSecurityTitle>
          <underlyingSecurityShares>
              <value>46000.00</value>
          </underlyingSecurityShares>
      </underlyingSecurity>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeSecurity>
   <derivativeSecurity>
      <securityTitle>
          <value>Employee stock option (right to buy)</value>
      </securityTitle>
      <conversionOrExercisePrice>
          <value>57.85</value>
      </conversionOrExercisePrice>
      <exerciseDate>
          <value>2006-02-17</value>
      </exerciseDate>
      <expirationDate>
          <value>2013-02-15</value>
      </expirationDate>
      <underlyingSecurity>
          <underlyingSecurityTitle>
              <value>Common Stock</value>
          </underlyingSecurityTitle>
          <underlyingSecurityShares>
              <value>50000.00</value>
          </underlyingSecurityShares>
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      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeSecurity>
   <derivativeSecurity>
      <securityTitle>
          <value>Employee stock option (right to buy)</value>
      </securityTitle>
      <conversionOrExercisePrice>
          <value>88.41</value>
      </conversionOrExercisePrice>
      <exerciseDate>
          <value>2005-12-19</value>
              <footnoteId id="F3" />
      </exerciseDate>
      <expirationDate>
          <value>2010-12-17</value>
      </expirationDate>
      <underlyingSecurity>
          <underlyingSecurityTitle>
              <value>Common Stock</value>
          </underlyingSecurityTitle>
          <underlyingSecurityShares>
              <value>100000.00</value>
          </underlyingSecurityShares>
      </underlyingSecurity>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeSecurity>
<footnotes>
   <footnote id="F1">Reporting person disclaims beneficial ownership of these shares.</footnote>
   <footnote id="F2">The option vests in two equal annual installments:  50% on 10/04/2002 and 50% on 10/03/2003</footnote>
   <footnote id="F3">The option vests as follows:  25% on 12/19/2005, 25% on 12/18/2008, and 50% on 11/02/2009</footnote>
</footnotes>
    <ownerSignature>
       <signatureName>Steven M. Paul</signatureName>
       <signatureDate>2003-07-10</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>3
<FILENAME>ex-24.txt
<TEXT>





Steven M. Paul
Lilly Corporate Center
Indianapolis, Indiana 46285





Securities and Exchange Commission
Washington, D.C. 20549


Authorization Regarding Reporting Forms


I hereby authorize and designate the following persons to sign and file
with the Commission on my behalf Forms 4 and 5 covering my transactions and
holdings in the common stock and other equity securities of Eli Lilly and
Company as required by Section 16 of the Securities Exchange Act of 1934
and the rules thereunder:


Alecia A. DeCoudreaux, Lilly Corporate Center, Indianapolis, Indiana

James B. Lootens, Lilly Corporate Center, Indianapolis, Indiana

Bronwen L. Mantlo, Lilly Corporate Center, Indianapolis, Indiana


This authorization and designation shall remain in effect until a written
revocation is signed by me and provided to the Commission.



                                Steven M. Paul

June 24, 2003



</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
