Ownership Submission
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)
12/11/2006
(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 12/11/2006   S(1)   90,000 D $ 65.9038 (3) (4) 1,022,663 I By LLC (2)
Common Shares               82,799 D  
Common Shares               41,661 I By trusts FBO children
Common Shares               1,430 I By spouse
Common Shares               34,502 I By DGT Trust (5)
Common Shares               24,100 I By Matthew D. Walter Trust (6)
Common Shares               90,000 I By GRAT II

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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  
Option (right to buy) (8) $ 63.48             11/08/2007 11/08/2013 Common Shares 3,308   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   12/11/2006
**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) The sale reported on this Form 4 was effected pursuant to a 10b5-1 plan estabilished by the LLC (see footnote 2 for relationship between reporting person and LLC) on 12/4/2006, when the reporting person was not aware of material non-public information about the company.
(2) Reporting person holds a one-third economic interest in, and is the manager of, the LLC.
(3) Weighted average sale price from 59 different transactions with the price ranging from $65.54 to $66.39. The details of these transactions are as follows: 1,000 shares at $65.54; 1,200 shares at $65.56; 800 shares at $65.57; 1,700 shares at $65.58; 2,500 shares at $65.59; 1,800 shares at $65.60; 2,600 shares at $65.62; 700 shares at $65.63; 3,700 shares at $65.64; 900 shares at $65.65; 1,000 shares at $65.66; 200 shares at $65.67; 1,700 shares at $65.68; 3,100 shares at $65.69; 2,800 shares at $65.70; 2,900 shares at $65.71; 1,900 shares at $65.72; 4,300 shares at $65.73; 2,400 shares at $65.74; 900 shares at $65.76; 1,200 shares at $65.77; 600 shares at $65.78; 500 shares at $65.79; 2,600 shares at $65.82; 2,300 shares at $65.83; 1,600 shares at 65.84; 3,700 shares at $65.86; 400 shares at $65.87; 900 shares at $65.89; 3,900 shares at $65.92; 500 shares at $65.93; 600 shares at $65.94; 2,800 shares at $65.96; [continued in footnote 4];
(4) [continued from footnoot 3]: 100 shares at $65.97; 1,500 shares at $65.98; 1,800 shares at $66.00; 200 shares at $66.09; 1,000 shares at $66.12; 800 shares at $66.13; 400 shares at $66.15; 900 shares at $66.16; 700 shares at $66.17; 2,800 shares at $66.19; 1,500 shares at $66.20; 1,200 shares at $66.22; 900 shares at $66.23; 300 shares at $66.24; 1,300 shares at $66.25; 500 shares at $66.26; 1,400 shares at $66.27; 1,600 shares at $66.28; 700 shares at $66.30; 4,200 shares at $66.31; 1,900 shares at $66.32; 1,500 shares at $66.33; 2,000 shares at $66.36; 300 shares at $66.37; 300 shares at $66.38; and 500 shares at $66.39.
(5) Reporting person holds a one-third economic interest in, and is a co-trustee of, the DGT Trust.
(6) 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.
(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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