X0202 4 2006-07-25 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 2006-07-25 4 S 0 600 56.37 D 143755204 D 2-Common Stock 2006-07-25 4 S 0 600 56.34 D 143754604 D 3-Common Stock 2006-07-25 4 S 0 800 56.31 D 143753804 D 4-Common Stock 2006-07-25 4 S 0 600 56.24 D 143753204 D 5-Common Stock 2006-07-25 4 S 0 900 56.22 D 143752304 D 6-Common Stock 2006-07-25 4 S 0 600 56.21 D 143751704 D 7-Common Stock 2006-07-25 4 S 0 3100 56.20 D 143748604 D 8-Common Stock 2006-07-25 4 S 0 600 56.19 D 143748004 D 9-Common Stock 2006-07-25 4 S 0 1500 56.18 D 143746504 D 10-Common Stock 2006-07-25 4 S 0 600 56.17 D 143745904 D 11-Common Stock 2006-07-25 4 S 0 2000 56.16 D 143743904 D 12-Common Stock 2006-07-25 4 S 0 1400 56.15 D 143742504 D 13-Common Stock 2006-07-25 4 S 0 3700 56.14 D 143738804 D 14-Common Stock 2006-07-25 4 S 0 2000 56.13 D 143736804 D 15-Common Stock 2006-07-25 4 S 0 2100 56.12 D 143734704 D 16-Common Stock 2006-07-25 4 S 0 4000 56.11 D 143730704 D 17-Common Stock 2006-07-25 4 S 0 1600 56.10 D 143729104 D 18-Common Stock 2006-07-25 4 S 0 700 56.09 D 143728404 D 19-Common Stock 2006-07-25 4 S 0 1700 56.08 D 143726704 D 20-Common Stock 2006-07-25 4 S 0 800 56.07 D 143725904 D 21-Common Stock 2006-07-25 4 S 0 200 56.05 D 143725704 D 22-Common Stock 2006-07-25 4 S 0 1100 56.04 D 143724604 D 23-Common Stock 2006-07-25 4 S 0 1800 56.03 D 143722804 D 24-Common Stock 2006-07-25 4 S 0 2000 56.01 D 143720804 D 25-Common Stock 2006-07-25 4 S 0 2300 56.00 D 143718504 D 26-Common Stock 2006-07-25 4 S 0 1600 55.99 D 143716904 D 27-Common Stock 2006-07-25 4 S 0 1000 55.98 D 143715904 D 28-Common Stock 2006-07-25 4 S 0 800 55.97 D 143715104 D 29-Common Stock 2006-07-25 4 S 0 800 55.96 D 143714304 D 30-Common Stock 2006-07-25 4 S 0 700 55.94 D 143713604 D This is the first of three Forms 4 filed by the Reporting Person on same date, July 26, 2006, representing transactions #1 through #30 of 61 total transactions. by:/s/Diane M. Stenson, Treasurer on behalf of Lilly Endowment, Inc. 2006-07-26