X0202 4 2006-12-05 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 2006-12-05 4 S 0 300 54.78 D 140450504 D 2-Common Stock 2006-12-05 4 S 0 600 54.77 D 140449904 D 3-Common Stock 2006-12-05 4 S 0 600 54.76 D 140449304 D 4-Common Stock 2006-12-05 4 S 0 1300 54.75 D 140448004 D 5-Common Stock 2006-12-05 4 S 0 1600 54.74 D 140446404 D 6-Common Stock 2006-12-05 4 S 0 200 54.73 D 140446204 D 7-Common Stock 2006-12-05 4 S 0 2400 54.72 D 140443804 D 8-Common Stock 2006-12-05 4 S 0 4400 54.71 D 140439404 D 9-Common Stock 2006-12-05 4 S 0 2700 54.70 D 140436704 D 10-Common Stock 2006-12-05 4 S 0 800 54.69 D 140435904 D 11-Common Stock 2006-12-05 4 S 0 1200 54.68 D 140434704 D 12-Common Stock 2006-12-05 4 S 0 600 54.67 D 140434104 D 13-Common Stock 2006-12-05 4 S 0 3300 54.66 D 140430804 D 14-Common Stock 2006-12-05 4 S 0 3500 54.65 D 140427304 D 15-Common Stock 2006-12-05 4 S 0 5200 54.64 D 140422104 D 16-Common Stock 2006-12-05 4 S 0 4200 54.63 D 140417904 D 17-Common Stock 2006-12-05 4 S 0 2100 54.62 D 140415804 D 18-Common Stock 2006-12-05 4 S 0 3500 54.61 D 140412304 D 19-Common Stock 2006-12-05 4 S 0 3600 54.60 D 140408704 D 20-Common Stock 2006-12-05 4 S 0 2000 54.59 D 140406704 D 21-Common Stock 2006-12-05 4 S 0 1200 54.58 D 140405504 D 22-Common Stock 2006-12-05 4 S 0 600 54.57 D 140404904 D 23-Common Stock 2006-12-05 4 S 0 600 54.56 D 140404304 D 24-Common Stock 2006-12-05 4 S 0 600 54.54 D 140403704 D 25-Common Stock 2006-12-05 4 S 0 600 54.52 D 140403104 D 26-Common Stock 2006-12-05 4 S 0 600 54.51 D 140402504 D 27-Common Stock 2006-12-05 4 S 0 800 54.49 D 140401704 D 28-Common Stock 2006-12-05 4 S 0 1400 54.47 D 140400304 D 29-Common Stock 2006-12-05 4 S 0 2000 54.46 D 140398304 D 30-Common Stock 2006-12-05 4 S 0 1200 54.45 D 140397104 D This is the first of two Forms 4 filed by the Reporting Person on same date, December 6, 2006, representing transactions #1 through #30 of 57 total transactions. by:/s/Diane M. Stenson, Treasurer on behalf of Lilly Endowment, Inc. 2006-12-06