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
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
KARSH BRUCE A
  2. Issuer Name and Ticker or Trading Symbol
LITTELFUSE INC /DE [LFUS]
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)
C/O OAKTREE CAPITAL MANAGEMENT LLC, 333 SOUTH GRAND AVENUE
3. Date of Earliest Transaction (Month/Day/Year)
11/15/2006
(Street)

LOS ANGELES, CA 90071
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               46,000 D  
Common Stock 11/15/2006   A   358 A $ 30.656 15,334 I Deferred Compensation
Common Stock               2,000 I By Wife
Common Stock               6,000 I By Children
Common Stock               75,000 I See Footnote 1 (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

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
Stock Option (Right to Buy) $ 19             04/26/1997 04/26/2011 Common Stock 4,400   4,400 D  
Stock Option (Right to Buy) $ 23             04/25/1998 04/25/2012 Common Stock 5,000   5,000 D  
Stock Option (Right to Buy) $ 25.25             05/01/1999 05/01/2013 Common Stock 5,000   5,000 D  
Stock Option (Right to Buy) $ 20.125             04/30/2000 04/30/2014 Common Stock 5,000   5,000 D  
Stock Option (Right to Buy) $ 35.5             04/28/2001 04/28/2015 Common Stock 5,000   5,000 D  
Stock Option (Right to Buy) $ 27.1             04/27/2002 04/27/2016 Common Stock 5,000   5,000 D  
Stock Option (Right to Buy) $ 25.2             04/26/2003 04/26/2017 Common Stock 5,000   5,000 D  
Stock Option (Right to Buy) $ 20.24             05/02/2004 05/02/2013 Common Stock 5,000   5,000 D  
Stock Option (Right to Buy) $ 38.11             04/30/2005 04/30/2014 Common Stock 5,000   5,000 D  
Stock Option (Right to Buy) $ 27.21             05/06/2006 05/06/2015 Common Stock 5,000   5,000 D  
Stock Option (Right to Buy) $ 34.33             05/05/2007 05/05/2013 Common Stock 5,000   5,000 D  
Stock Option (Right to Buy) $ 33.19             07/07/2007 07/07/2013 Common Stock 1,500   1,500 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
KARSH BRUCE A
C/O OAKTREE CAPITAL MANAGEMENT LLC
333 SOUTH GRAND AVENUE
LOS ANGELES, CA 90071
  X      

Signatures

 Bruce A. Karsh   11/15/2006
**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) (1) Held by the Karsh Family Foundation ("Foundation"), of which Mr. Karsh is Trustee. Mr. Karsh disclaims beneficial ownership of all securities held by the Foundation and this From 4 should not be deemed an admission that the reporting person is the beneficial owner of such securities.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.