X0202 4 2006-08-03 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 2006-08-03 4 S 0 400 57.22 D 143330404 D 2-Common Stock 2006-08-03 4 S 0 800 57.19 D 143329604 D 3-Common Stock 2006-08-03 4 S 0 1800 57.18 D 143327804 D 4-Common Stock 2006-08-03 4 S 0 800 57.16 D 143327004 D 5-Common Stock 2006-08-03 4 S 0 400 57.15 D 143326604 D 6-Common Stock 2006-08-03 4 S 0 1600 57.14 D 143325004 D 7-Common Stock 2006-08-03 4 S 0 700 57.13 D 143324304 D 8-Common Stock 2006-08-03 4 S 0 2400 57.12 D 143321904 D 9-Common Stock 2006-08-03 4 S 0 1600 57.10 D 143320304 D 10-Common Stock 2006-08-03 4 S 0 2500 57.09 D 143317804 D 11-Common Stock 2006-08-03 4 S 0 6400 57.07 D 143311404 D 12-Common Stock 2006-08-03 4 S 0 2400 57.06 D 143309004 D 13-Common Stock 2006-08-03 4 S 0 5400 57.05 D 143303604 D 14-Common Stock 2006-08-03 4 S 0 2200 57.04 D 143301404 D 15-Common Stock 2006-08-03 4 S 0 3200 57.03 D 143298204 D 16-Common Stock 2006-08-03 4 S 0 6800 57.02 D 143291404 D 17-Common Stock 2006-08-03 4 S 0 7800 57.01 D 143283604 D 18-Common Stock 2006-08-03 4 S 0 8300 57.00 D 143275304 D 19-Common Stock 2006-08-03 4 S 0 6400 56.99 D 143268904 D 20-Common Stock 2006-08-03 4 S 0 6800 56.98 D 143262104 D 21-Common Stock 2006-08-03 4 S 0 3900 56.97 D 143258204 D 22-Common Stock 2006-08-03 4 S 0 5300 56.96 D 143252904 D 23-Common Stock 2006-08-03 4 S 0 3100 56.95 D 143249804 D 24-Common Stock 2006-08-03 4 S 0 7200 56.94 D 143242604 D 25-Common Stock 2006-08-03 4 S 0 2400 56.93 D 143240204 D 26-Common Stock 2006-08-03 4 S 0 2400 56.92 D 143237804 D 27-Common Stock 2006-08-03 4 S 0 3300 56.91 D 143234504 D 28-Common Stock 2006-08-03 4 S 0 2500 56.90 D 143232004 D 29-Common Stock 2006-08-03 4 S 0 4300 56.89 D 143227704 D 30-Common Stock 2006-08-03 4 S 0 4500 56.87 D 143223204 D This is the first of two Forms 4 filed by the Reporting Person on same date, August 4, 2006, representing transactions #1 through #30 of 52 total transactions. by:/s/Diane M. Stenson, Treasurer on behalf of Lilly Endowment, Inc. 2006-08-04