X0202 4 2006-06-06 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 2006-06-06 4 S 0 1900 51.11 D 144064104 D 32-Common Stock 2006-06-06 4 S 0 3500 51.10 D 144060604 D 33-Common Stock 2006-06-06 4 S 0 4600 51.09 D 144056004 D 34-Common Stock 2006-06-06 4 S 0 1600 51.08 D 144054404 D 35-Common Stock 2006-06-06 4 S 0 9000 51.07 D 144045404 D 36-Common Stock 2006-06-06 4 S 0 5200 51.06 D 144040204 D 37-Common Stock 2006-06-06 4 S 0 3400 51.05 D 144036804 D 38-Common Stock 2006-06-06 4 S 0 3900 51.04 D 144032904 D 39-Common Stock 2006-06-06 4 S 0 5300 51.03 D 144027604 D 40-Common Stock 2006-06-06 4 S 0 6000 51.02 D 144021604 D 41-Common Stock 2006-06-06 4 S 0 3500 51.01 D 144018104 D 42-Common Stock 2006-06-06 4 S 0 4000 51.00 D 144014104 D 43-Common Stock 2006-06-06 4 S 0 3200 50.99 D 144010904 D 44-Common Stock 2006-06-06 4 S 0 2300 50.98 D 144008604 D 45-Common Stock 2006-06-06 4 S 0 2400 50.97 D 144006204 D 46-Common Stock 2006-06-06 4 S 0 600 50.96 D 144005604 D 47-Common Stock 2006-06-06 4 S 0 600 50.95 D 144005004 D 48-Common Stock 2006-06-06 4 S 0 900 50.93 D 144004104 D 49-Common Stock 2006-06-06 4 S 0 600 50.91 D 144003504 D 50-Common Stock 2006-06-06 4 S 0 700 50.90 D 144002804 D 51-Common Stock 2006-06-06 4 S 0 600 50.89 D 144002204 D 52-Common Stock 2006-06-06 4 S 0 900 50.88 D 144001304 D 53-Common Stock 2006-06-06 4 S 0 500 50.87 D 144000804 D This is the second of two Forms 4 filed by the Reporting Person on same date, June 7, 2006, representing transactions #31 through #53 of 53 total transactions. by:/s/David D. Biber, Secretary and Treasurer on behalf of Lilly Endowment, Inc. 2006-06-07