X0202 4 2006-04-25 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 2006-04-25 4 S 0 3200 52.20 D 146602104 D 32-Common Stock 2006-04-25 4 S 0 8500 52.19 D 146593604 D 33-Common Stock 2006-04-25 4 S 0 2800 52.18 D 146590804 D 34-Common Stock 2006-04-25 4 S 0 7200 52.17 D 146583604 D 35-Common Stock 2006-04-25 4 S 0 11900 52.16 D 146571704 D 36-Common Stock 2006-04-25 4 S 0 12300 52.15 D 146559404 D 37-Common Stock 2006-04-25 4 S 0 10100 52.14 D 146549304 D 38-Common Stock 2006-04-25 4 S 0 9600 52.13 D 146539704 D 39-Common Stock 2006-04-25 4 S 0 18400 52.12 D 146521304 D 40-Common Stock 2006-04-25 4 S 0 5200 52.11 D 146516104 D 41-Common Stock 2006-04-25 4 S 0 12600 52.10 D 146503504 D 42-Common Stock 2006-04-25 4 S 0 4300 52.09 D 146499204 D 43-Common Stock 2006-04-25 4 S 0 5600 52.08 D 146493604 D 44-Common Stock 2006-04-25 4 S 0 2500 52.07 D 146491104 D 45-Common Stock 2006-04-25 4 S 0 1400 52.06 D 146489704 D 46-Common Stock 2006-04-25 4 S 0 3100 52.05 D 146486604 D 47-Common Stock 2006-04-25 4 S 0 3800 52.04 D 146482804 D 48-Common Stock 2006-04-25 4 S 0 3100 52.03 D 146479704 D 49-Common Stock 2006-04-25 4 S 0 3400 52.02 D 146476304 D 50-Common Stock 2006-04-25 4 S 0 2300 52.01 D 146474004 D 51-Common Stock 2006-04-25 4 S 0 1600 52.00 D 146472404 D 52-Common Stock 2006-04-25 4 S 0 1600 51.99 D 146470804 D This is the second of two Forms 4 filed by the Reporting Person on same date, April 26, 2006, representing transactions #31 through #52 of 52 total transactions. by:/s/David D. Biber, Secretary and Treasurer on behalf of Lilly Endowment, Inc. 2006-04-26