X0202 4 2006-06-07 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 2006-06-07 4 S 0 500 51.91 D 144000304 D 2-Common Stock 2006-06-07 4 S 0 600 51.90 D 143999704 D 3-Common Stock 2006-06-07 4 S 0 300 51.89 D 143999404 D 4-Common Stock 2006-06-07 4 S 0 900 51.88 D 143998504 D 5-Common Stock 2006-06-07 4 S 0 1600 51.87 D 143996904 D 6-Common Stock 2006-06-07 4 S 0 600 51.86 D 143996304 D 7-Common Stock 2006-06-07 4 S 0 900 51.85 D 143995404 D 8-Common Stock 2006-06-07 4 S 0 1200 51.84 D 143994204 D 9-Common Stock 2006-06-07 4 S 0 1500 51.83 D 143992704 D 10-Common Stock 2006-06-07 4 S 0 1200 51.82 D 143991504 D 11-Common Stock 2006-06-07 4 S 0 500 51.81 D 143991004 D 12-Common Stock 2006-06-07 4 S 0 1100 51.80 D 143989904 D 13-Common Stock 2006-06-07 4 S 0 300 51.79 D 143989604 D 14-Common Stock 2006-06-07 4 S 0 600 51.78 D 143989004 D 15-Common Stock 2006-06-07 4 S 0 2900 51.77 D 143986104 D 16-Common Stock 2006-06-07 4 S 0 600 51.76 D 143985504 D 17-Common Stock 2006-06-07 4 S 0 2200 51.75 D 143983304 D 18-Common Stock 2006-06-07 4 S 0 1400 51.74 D 143981904 D 19-Common Stock 2006-06-07 4 S 0 3900 51.73 D 143978004 D 20-Common Stock 2006-06-07 4 S 0 3100 51.72 D 143974904 D 21-Common Stock 2006-06-07 4 S 0 5700 51.71 D 143969204 D 22-Common Stock 2006-06-07 4 S 0 7500 51.70 D 143961704 D 23-Common Stock 2006-06-07 4 S 0 4800 51.68 D 143956904 D 24-Common Stock 2006-06-07 4 S 0 6300 51.67 D 143950604 D 25-Common Stock 2006-06-07 4 S 0 6300 51.66 D 143944304 D 26-Common Stock 2006-06-07 4 S 0 6800 51.65 D 143937504 D 27-Common Stock 2006-06-07 4 S 0 5600 51.64 D 143931904 D 28-Common Stock 2006-06-07 4 S 0 3900 51.63 D 143928004 D 29-Common Stock 2006-06-07 4 S 0 4900 51.62 D 143923104 D 30-Common Stock 2006-06-07 4 S 0 2400 51.61 D 143920704 D This is the first of three Forms 4 filed by the Reporting Person on same date, June 8, 2006, representing transactions #1 through #30 of 69 total transactions. by:/s/David D. Biber, Secretary and Treasurer on behalf of Lilly Endowment, Inc. 2006-06-08