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 31-Common Stock 2006-06-07 4 S 0 2100 51.60 D 143918604 D 32-Common Stock 2006-06-07 4 S 0 800 51.59 D 143917804 D 33-Common Stock 2006-06-07 4 S 0 1100 51.58 D 143916704 D 34-Common Stock 2006-06-07 4 S 0 1800 51.57 D 143914904 D 35-Common Stock 2006-06-07 4 S 0 300 51.56 D 143914604 D 36-Common Stock 2006-06-07 4 S 0 1800 51.55 D 143912804 D 37-Common Stock 2006-06-07 4 S 0 2300 51.54 D 143910504 D 38-Common Stock 2006-06-07 4 S 0 2400 51.53 D 143908104 D 39-Common Stock 2006-06-07 4 S 0 2300 51.51 D 143905804 D 40-Common Stock 2006-06-07 4 S 0 1200 51.49 D 143904604 D 41-Common Stock 2006-06-07 4 S 0 800 51.48 D 143903804 D 42-Common Stock 2006-06-07 4 S 0 2000 51.47 D 143901804 D 43-Common Stock 2006-06-07 4 S 0 600 51.46 D 143901204 D 44-Common Stock 2006-06-07 4 S 0 1400 51.45 D 143899804 D 45-Common Stock 2006-06-07 4 S 0 1100 51.44 D 143898704 D 46-Common Stock 2006-06-07 4 S 0 1200 51.42 D 143897504 D 47-Common Stock 2006-06-07 4 S 0 1000 51.41 D 143896504 D 48-Common Stock 2006-06-07 4 S 0 700 51.40 D 143895804 D 49-Common Stock 2006-06-07 4 S 0 1200 51.38 D 143894604 D 50-Common Stock 2006-06-07 4 S 0 1200 51.36 D 143893404 D 51-Common Stock 2006-06-07 4 S 0 200 51.35 D 143893204 D 52-Common Stock 2006-06-07 4 S 0 1200 51.34 D 143892004 D 53-Common Stock 2006-06-07 4 S 0 600 51.33 D 143891404 D 54-Common Stock 2006-06-07 4 S 0 1500 51.32 D 143889904 D 55-Common Stock 2006-06-07 4 S 0 1200 51.31 D 143888704 D 56-Common Stock 2006-06-07 4 S 0 300 51.29 D 143888404 D 57-Common Stock 2006-06-07 4 S 0 300 51.27 D 143888104 D 58-Common Stock 2006-06-07 4 S 0 300 51.25 D 143887804 D 59-Common Stock 2006-06-07 4 S 0 300 51.24 D 143887504 D 60-Common Stock 2006-06-07 4 S 0 300 51.22 D 143887204 D This is the second of three Forms 4 filed by the Reporting Person on same date, June 8, 2006, representing transactions #31 through #60 of 69 total transactions. by:/s/David D. Biber, Secretary and Treasurer on behalf of Lilly Endowment, Inc. 2006-06-08