FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * WALTER MATTHEW D   2. Issuer Name and Ticker or Trading Symbol CARDINAL HEALTH INC [CAH] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 5200 RINGS ROAD 3. Date of Earliest Transaction (Month/Day/Year) 05/15/2006 (Street) DUBLIN, OH 43017 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Shares 01/11/2006   G V 340 A (1) 162,094 (2) D   Common Shares 01/12/2006   G V 1,002 D (1) 161,092 D   Common Shares 01/11/2006   G V 1,020 A (1) 7,860 I By trusts FBO children Common Shares 01/12/2006   G V 1,002 A (1) 8,862 I By trusts FBO children Common Shares 01/11/2006   G V 340 A (1) 1,430 I By spouse Common Shares               34,502 I By DGT Trust (4) Common Shares 05/15/2006   S   6,997 (3) D $ 67.8 24,100 I By Matthew D. Walter Trust (5) Common Shares               1,112,663 I By LLC (6) Common Shares               54,033 I By GRAT I

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Option (right to buy) (7)

$ 70.3

05/01/2002

05/01/2012

Common Shares

2,134

1

D

Option (right to buy) (8)

$ 70.3

05/01/2002

05/01/2012

Common Shares

1,422

1

D

Option (right to buy) (8)

$ 70.01

11/06/2002

11/06/2012

Common Shares

3,571

1

D

Option (right to buy) (8)

$ 59

11/05/2003

11/05/2013

Common Shares

5,084

1

D

Option (right to buy) (7)

$ 54.2

12/08/2004

12/08/2014

Common Shares

3,094

1

D

Option (right to buy) (8)

$ 54.2

12/08/2004

12/08/2014

Common Shares

2,441

1

D

Option (right to buy) (7)

$ 61.79

11/02/2006

11/02/2012

Common Shares

2,714

1

D

Option (right to buy) (8)

$ 61.79

11/02/2006

11/02/2012

Common Shares

684

1

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
WALTER MATTHEW D 5200 RINGS ROAD DUBLIN, OH 43017	X

Signatures

Matthew D. Walter		05/17/2006
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Bona fide gift.
(2)	30,856 of these shares were previously reported as indirectly beneficially owned through GRAT I and were subsequently transferred to direct beneficial ownership on January 27, 2006.
(3)	Bank One Trust Company, N.A. ("Bank One Trust") serves as the trustee of the MDW Trust, which was established in 1987 for the benefit of the reporting person. This transaction was initiated solely by Bank One Trust in the independent exercise of its discretion as trustee.
(4)	Reporting person holds a one-third economic interest in, and is a co-trustee of, the DGT Trust.
(5)	Shares held in the MDW Trust of which the reporting person is the primary beneficiary and pursuant to which the reporting person may withdraw proceeds at certain specified times.
(6)	Reporting person holds a one-third economic interest in, and is the manager of, the LLC.
(7)	Stock option granted pursuant to the Cardinal Health, Inc. Equity Incentive Plan.
(8)	Stock option granted pursuant to the Cardinal Health, Inc. Outside Directors Equity Incentive Plan.

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