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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1. Name and Address of Reporting Person * KONEN MARK E   2. Issuer Name and Ticker or Trading Symbol LINCOLN NATIONAL CORP [LNC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President- Individual Markets (Last) (First) (Middle) CENTRE SQUARE-WEST TOWER, 1500 MARKET ST., SUITE 3900 3. Date of Earliest Transaction (Month/Day/Year) 04/03/2006 (Street) PHILADELPHIA, PA 19102 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 Stock 04/03/2006   A   7,838.52 A (1) 7,838.52 D

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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

Employee Stock (Right to Buy)

$ 23.59

04/03/2006

A

15,950

04/03/2006

02/09/2007

Common Stock

15,950

(2)

15,950

D

Employee Stock (Right to Buy)

$ 33.01

04/03/2006

A

14,723

04/03/2006

02/08/2008

Common Stock

14,723

(3)

14,723

D

Employee Stock (Right to Buy)

$ 42.33

04/03/2006

A

11,451

04/03/2006

02/07/2009

Common Stock

11,451

(4)

11,451

D

Employee Stock (Right to Buy)

$ 32.97

04/03/2006

A

13,087

04/03/2006

02/13/2010

Common Stock

13,087

(5)

13,087

D

Employee Stock (Right to Buy)

$ 42.68

04/03/2006

A

41,805

04/03/2006

02/11/2011

Common Stock

41,805

(6)

41,805

D

Employee Stock (Right to Buy)

$ 43.82

04/03/2006

A

21,812

04/03/2006

02/10/2012

Common Stock

21,812

(7)

21,812

D

Employee Stock (Right to Buy)

$ 34.58

04/03/2006

A

16,359

04/03/2006

02/09/2013

Common Stock

16,359

(8)

16,359

D

Employee Stock (Right to Buy)

$ 48.58

04/03/2006

A

30,536

04/03/2006

02/08/2014

Common Stock

30,536

(9)

30,536

D

Employee Stock (Right to Buy)

$ 45.73

04/03/2006

A

40,352

04/03/2006

02/13/2015

Common Stock

40,352

(10)

40,352

D

Employee Stock (Right to Buy)

$ 53.6

04/03/2006

A

44,714

02/13/2007(11)

02/12/2016

Common Stock

44,714

(12)

44,714

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
KONEN MARK E CENTRE SQUARE-WEST TOWER 1500 MARKET ST., SUITE 3900 PHILADELPHIA, PA 19102			President- Individual Markets

Signatures

/s/ Charles A. Brawley, III, Attorney-in-Fact		04/05/2006
**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)	Estimate of LNC common Stock received in the merger of Jefferson-Pilot Corporation into a subsidiary of Lincoln National Corporation (the "Merger") in exchange for Jefferson-Pilot common stock pursuant to a cash/stock election based on a preliminary proration factor.
(2)	Received in the Merger in exchange for an employee stock option to acquire 14,625 shares of Jefferson-Pilot Corporation common stock for $25.72 per share.
(3)	Received in the Merger in exchange for an employee stock option to acquire 13,500 shares of Jefferson-Pilot Corporation common stock for $36.00 per share.
(4)	Received in the Merger in exchange for an employee stock option to acquire 10,500 shares of Jefferson-Pilot Corporation common stock for $46.17 per share.
(5)	Received in the Merger in exchange for an employee stock option to acquire 12,000 shares of Jefferson-Pilot Corporation common stock for $35.96 per share.
(6)	Received in the Merger in exchange for an employee stock option to acquire 38,333 shares of Jefferson-Pilot Corporation common stock for $46.55 per share.
(7)	Received in the Merger in exchange for an employee stock option to acquire 20,000 shares of Jefferson-Pilot Corporation common stock for $47.79 per share.
(8)	Received in the Merger in exchange for an employee stock option to acquire 15,000 shares of Jefferson-Pilot Corporation common stock for $37.71 per share.
(9)	Received in the Merger in exchange for an employee stock option to acquire 28,000 shares of Jefferson-Pilot Corporation common stock for $52.98 per share.
(10)	Received in the Merger in exchange for an employee stock option to acquire 37,000 shares of Jefferson-Pilot Corporation common stock for $49.87 per share.
(11)	The option vests in three equal annual installments beginning February 13, 2007.
(12)	Received in the Merger in exchange for an employee stock option to acquire 41,000 shares of Jefferson-Pilot Corporation common stock for $58.46 per share.

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