Elron Ventures Ltd.

Foreign Filer Report • Aug 14, 2006

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C001����� ����� ��������� ��"�2PublicELRON ELECTRONIC INDUSTRIES LTD.2688Corporation no: 520028036Stock Exchange/Market: �����90379Azrieli Center 3 The Triangle Building, 42nd flr , Tel Aviv 67023 , ,Tel: 03-6075555 , Fax: 03-6075556E.mail address: PAUL@ELRON.NETDate of transmission: 14/08/2006              Time of broadcast: 10:18 10:10:49

Reference: 2006-02-074254

Israel Securities Authority		Tel Aviv Stock Exchange
www.isa.gov.il		www.tase.co.il

Amended report for distorted report sent on date : 14/08/2006 , Whose reference number was: 2006-02-074134
The distortion: "First Quarter" instead of "Second Quarter" in title of MD&A Israel dial in no. in press release
The distortion cause: Typographical errors
The main amendment: Title: "Management Report for the Second Quarter ended June 30, 2006"; Isr. dial in no. 03-9180600

Report of Periodic or Interim ReportRegulation 3 of the Securities Regulations, (Periodic and Immediate Reports of Foreign Corporation) 5761-2000

The corporation is a foreign private issuer as defined by U.S. Securities Laws.
Attached hereto is a report on
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PR14806Q206Fmagna_isa.pdf

References of previous documents relating to this matter(the reference does not constitute incorporation by reference):
Previous names of reporting entity:
Date of revision of form structure: 04/06/2006
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Name of the Signatory: : Weinberg Paul , , Position of Signatory in the reporting corporation: General Counsel & Corporate Secretary
Azrieli Center 3 Telephone: 03-6075555 , Facsimile: 03-6075556 , E-mail: Paul@elron.net