EXHIBIT 23. CONSENT OF INDEPENDENT AUDITORS
We consent to the incorporation by reference in this Annual Report (Form 10-K)
of Eli Lilly and Company of our report dated February 2, 2004, included in the
2003 Annual Report to Shareholders of Eli Lilly and Company.
We also consent to the incorporation by reference in the following registration
statements of our report dated February 2, 2004, with respect to the
consolidated financial statements incorporated by reference in the 2003 Annual
Report (Form 10-K) of Eli Lilly and Company:
/s/ Ernst & Young LLP
--------------------------
Ernst & Young LLP
Indianapolis, Indiana
March 12, 2004