X0202 4 2006-11-02 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 2006-11-02 4 S 0 400 56.63 D 141185404 D 2-Common Stock 2006-11-02 4 S 0 300 56.62 D 141185104 D 3-Common Stock 2006-11-02 4 S 0 400 56.61 D 141184704 D 4-Common Stock 2006-11-02 4 S 0 1800 56.60 D 141182904 D 5-Common Stock 2006-11-02 4 S 0 1500 56.59 D 141181404 D 6-Common Stock 2006-11-02 4 S 0 1000 56.58 D 141180404 D 7-Common Stock 2006-11-02 4 S 0 300 56.57 D 141180104 D 8-Common Stock 2006-11-02 4 S 0 2400 56.56 D 141177704 D 9-Common Stock 2006-11-02 4 S 0 1000 56.55 D 141176704 D 10-Common Stock 2006-11-02 4 S 0 1200 56.54 D 141175504 D 11-Common Stock 2006-11-02 4 S 0 600 56.53 D 141174904 D 12-Common Stock 2006-11-02 4 S 0 1200 56.52 D 141173704 D 13-Common Stock 2006-11-02 4 S 0 900 56.51 D 141172804 D 14-Common Stock 2006-11-02 4 S 0 2500 56.50 D 141170304 D 15-Common Stock 2006-11-02 4 S 0 4200 56.49 D 141166104 D 16-Common Stock 2006-11-02 4 S 0 1700 56.48 D 141164404 D 17-Common Stock 2006-11-02 4 S 0 3500 56.47 D 141160904 D 18-Common Stock 2006-11-02 4 S 0 3400 56.46 D 141157504 D 19-Common Stock 2006-11-02 4 S 0 2900 56.45 D 141154604 D 20-Common Stock 2006-11-02 4 S 0 4600 56.44 D 141150004 D 21-Common Stock 2006-11-02 4 S 0 5900 56.43 D 141144104 D 22-Common Stock 2006-11-02 4 S 0 7200 56.42 D 141136904 D 23-Common Stock 2006-11-02 4 S 0 9000 56.41 D 141127904 D 24-Common Stock 2006-11-02 4 S 0 11100 56.40 D 141116804 D 25-Common Stock 2006-11-02 4 S 0 5900 56.39 D 141110904 D 26-Common Stock 2006-11-02 4 S 0 9100 56.38 D 141101804 D 27-Common Stock 2006-11-02 4 S 0 8600 56.37 D 141093204 D 28-Common Stock 2006-11-02 4 S 0 4300 56.36 D 141088904 D 29-Common Stock 2006-11-02 4 S 0 4600 56.35 D 141084304 D 30-Common Stock 2006-11-02 4 S 0 6200 56.34 D 141078104 D This is the first of two Forms 4 filed by the Reporting Person on same date, November 3, 2006, representing transactions #1 through #30 of 54 total transactions. by:/s/Diane M. Stenson, Treasurer on behalf of Lilly Endowment, Inc. 2006-11-03