ELFUN TRUSTS
NSAR-B, 1997-02-25
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<PAGE>      PAGE  1
000 B000000 12/31/96
000 C000000 0000032339
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 I000000 3.0.a
000 J000000 A
001 A000000 ELFUN TRUSTS
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002 A000000 3003 SUMMER ST
002 B000000 STAMFORD
002 C000000 CT
002 D010000 06904
002 D020000 7900
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010 B000001 801-13003
010 C010001 STAMFORD
010 C020001 CT
010 C030001 06904
010 C040001 7900
012 A000001 STATE STREET BANK AND TRUST CO.
012 B000001 85-05003
012 C010001 BOSTON
012 C020001 MA
012 C030001 02110
<PAGE>      PAGE  2
013 A000001 KPMG PEAT MARWICK
013 B010001 STAMFORD
013 B020001 CT
013 B030001 06905
014 A000001 KIDDER PEABODY & CO. INC
014 B000001 8-04831
014 A000002 GECC CAPITAL MARKETS GROUP, INC.
014 B000002 8-29149
014 A000003 GNA SECURITIES, INC.
014 B000003 8-26614
014 A000004 GNA DISTRIBUTORS, INC.
014 B000004 8-46211
014 A000005 DELETE
014 A000006 GE INVESTMENT SERVICES INC.
014 B000006 8-45710
014 A000007 PAINEWEBBER INCORPORATED
014 B000007 8-16267
014 A000008 MITCHELL HUTCHINS ASSET MANAGEMENT, INC.
014 B000008 8-21901
015 A000001 STATE STREET BANK & TRUST CO
015 B000001 C
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015 C020001 MA
015 C030001 02110
015 E010001 X
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020 A000002 DONALDSON, LUFKIN & JENRETTE
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020 A000003 FIDELITY BROKERAGE SERVICES
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020 A000004 OTA LTD PARTNERSHIP
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020 A000005 PRUDENTIAL SECURITIES
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020 C000005     14
020 A000006 WERTHEIM & CO.
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020 C000006     14
020 A000007 J.P. MORGAN SECURITIES
020 B000007 13-3224016
020 C000007     14
020 A000008 BRIDGE DATA
020 B000008 43-1450530
<PAGE>      PAGE  3
020 C000008     13
020 A000009 HOENIG & CO.
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020 C000009     13
020 A000010 BERNSTEIN SANFORD & CO
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020 C000010     12
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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SIGNATURE   JEFF GROH                                    
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000032339
<NAME> ELFUN TRUSTS
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                              JAN-1-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                           766180
<INVESTMENTS-AT-VALUE>                         1517772
<RECEIVABLES>                                    10180
<ASSETS-OTHER>                                      77
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 1528029
<PAYABLE-FOR-SECURITIES>                           367
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1683
<TOTAL-LIABILITIES>                               2050
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        772342
<SHARES-COMMON-STOCK>                            32845
<SHARES-COMMON-PRIOR>                            30800
<ACCUMULATED-NII-CURRENT>                            1
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           2975
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        750661
<NET-ASSETS>                                   1525979
<DIVIDEND-INCOME>                                23491
<INTEREST-INCOME>                                 2399
<OTHER-INCOME>                                   (353)
<EXPENSES-NET>                                  (1785)
<NET-INVESTMENT-INCOME>                          23752
<REALIZED-GAINS-CURRENT>                         69213
<APPREC-INCREASE-CURRENT>                       200771
<NET-CHANGE-FROM-OPS>                           293736
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (23765)
<DISTRIBUTIONS-OF-GAINS>                       (66151)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           2609
<NUMBER-OF-SHARES-REDEEMED>                     (1946)
<SHARES-REINVESTED>                               1382
<NET-CHANGE-IN-ASSETS>                          297613
<ACCUMULATED-NII-PRIOR>                            177
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                         138
<GROSS-ADVISORY-FEES>                              818
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1785
<AVERAGE-NET-ASSETS>                           1389133
<PER-SHARE-NAV-BEGIN>                           39.880
<PER-SHARE-NII>                                  0.750
<PER-SHARE-GAIN-APPREC>                          8.680
<PER-SHARE-DIVIDEND>                           (0.750)
<PER-SHARE-DISTRIBUTIONS>                      (2.100)
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                             46.460
<EXPENSE-RATIO>                                   0.13
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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