X0202 4 2006-08-30 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 2006-08-30 4 S 0 600 56.30 D 142110204 D 2-Common Stock 2006-08-30 4 S 0 900 56.28 D 142109304 D 3-Common Stock 2006-08-30 4 S 0 1600 56.26 D 142107704 D 4-Common Stock 2006-08-30 4 S 0 700 56.24 D 142107004 D 5-Common Stock 2006-08-30 4 S 0 700 56.22 D 142106304 D 6-Common Stock 2006-08-30 4 S 0 3000 56.21 D 142103304 D 7-Common Stock 2006-08-30 4 S 0 4900 56.20 D 142098404 D 8-Common Stock 2006-08-30 4 S 0 3300 56.19 D 142095104 D 9-Common Stock 2006-08-30 4 S 0 2700 56.18 D 142092404 D 10-Common Stock 2006-08-30 4 S 0 2000 56.17 D 142090404 D 11-Common Stock 2006-08-30 4 S 0 600 56.16 D 142089804 D 12-Common Stock 2006-08-30 4 S 0 900 56.15 D 142088904 D 13-Common Stock 2006-08-30 4 S 0 3000 56.14 D 142085904 D 14-Common Stock 2006-08-30 4 S 0 600 56.13 D 142085304 D 15-Common Stock 2006-08-30 4 S 0 3600 56.12 D 142081704 D 16-Common Stock 2006-08-30 4 S 0 2800 56.11 D 142078904 D 17-Common Stock 2006-08-30 4 S 0 7500 56.10 D 142071404 D 18-Common Stock 2006-08-30 4 S 0 7500 56.09 D 142063904 D 19-Common Stock 2006-08-30 4 S 0 10500 56.08 D 142053404 D 20-Common Stock 2006-08-30 4 S 0 9400 56.07 D 142044004 D 21-Common Stock 2006-08-30 4 S 0 8500 56.06 D 142035504 D 22-Common Stock 2006-08-30 4 S 0 10700 56.05 D 142024804 D 23-Common Stock 2006-08-30 4 S 0 1600 56.04 D 142023204 D 24-Common Stock 2006-08-30 4 S 0 3600 56.03 D 142019604 D 25-Common Stock 2006-08-30 4 S 0 4200 56.02 D 142015404 D 26-Common Stock 2006-08-30 4 S 0 9200 56.01 D 142006204 D 27-Common Stock 2006-08-30 4 S 0 4100 56.00 D 142002104 D 28-Common Stock 2006-08-30 4 S 0 2600 55.99 D 141999504 D 29-Common Stock 2006-08-30 4 S 0 1200 55.98 D 141998304 D 30-Common Stock 2006-08-30 4 S 0 600 55.95 D 141997704 D This is the first of two Forms 4 filed by the Reporting Person on same date, August 31, 2006, representing transactions #1 through #30 of 35 total transactions. by:/s/Diane M. Stenson, Treasurer on behalf of Lilly Endowment, Inc. 2006-08-31