X0202 4 2006-05-09 0 0000059478 LILLY ELI & CO LLY 0000316011 LILLY ENDOWMENT INC 2801 NORTH MERIDIAN STREET INDIANAPOLIS IN 46208-0068 0 0 1 0 1-Common Stock 2006-05-09 4 S 0 100 52.78 D 145520704 D 2-Common Stock 2006-05-09 4 S 0 800 52.77 D 145519904 D 3-Common Stock 2006-05-09 4 S 0 800 52.76 D 145519104 D 4-Common Stock 2006-05-09 4 S 0 1000 52.74 D 145518104 D 5-Common Stock 2006-05-09 4 S 0 800 52.72 D 145517304 D 6-Common Stock 2006-05-09 4 S 0 600 52.70 D 145516704 D 7-Common Stock 2006-05-09 4 S 0 800 52.68 D 145515904 D 8-Common Stock 2006-05-09 4 S 0 600 52.67 D 145515304 D 9-Common Stock 2006-05-09 4 S 0 7200 52.65 D 145508104 D 10-Common Stock 2006-05-09 4 S 0 1000 52.62 D 145507104 D 11-Common Stock 2006-05-09 4 S 0 2800 52.60 D 145504304 D 12-Common Stock 2006-05-09 4 S 0 1800 52.57 D 145502504 D 13-Common Stock 2006-05-09 4 S 0 800 52.53 D 145501704 D 14-Common Stock 2006-05-09 4 S 0 2700 52.52 D 145499004 D 15-Common Stock 2006-05-09 4 S 0 1600 52.49 D 145497404 D 16-Common Stock 2006-05-09 4 S 0 1800 52.47 D 145495604 D 17-Common Stock 2006-05-09 4 S 0 900 52.46 D 145494704 D 18-Common Stock 2006-05-09 4 S 0 800 52.45 D 145493904 D 19-Common Stock 2006-05-09 4 S 0 1000 52.44 D 145492904 D 20-Common Stock 2006-05-09 4 S 0 1500 52.42 D 145491404 D 21-Common Stock 2006-05-09 4 S 0 1500 52.40 D 145489904 D 22-Common Stock 2006-05-09 4 S 0 1200 52.39 D 145488704 D 23-Common Stock 2006-05-09 4 S 0 3200 52.38 D 145485504 D 24-Common Stock 2006-05-09 4 S 0 800 52.37 D 145484704 D 25-Common Stock 2006-05-09 4 S 0 3500 52.36 D 145481204 D 26-Common Stock 2006-05-09 4 S 0 1000 52.35 D 145480204 D 27-Common Stock 2006-05-09 4 S 0 4300 52.34 D 145475904 D 28-Common Stock 2006-05-09 4 S 0 2200 52.33 D 145473704 D 29-Common Stock 2006-05-09 4 S 0 9800 52.32 D 145463904 D 30-Common Stock 2006-05-09 4 S 0 3300 52.31 D 145460604 D This is the first of three Forms 4 filed by the Reporting Person on same date, May 10, 2006, representing transactions #1 through #30 of 61 total transactions. by:/s/ David D. Biber, Secretary and Treasurer on behalf of Lilly Endowment, Inc. 2006-05-10