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Elfun Funds
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Supplement Dated December 22, 1998
To Prospectus Dated April 30, 1998
The following supplements the paragraph entitled "By Automatic Investment
Plan" on page 22 of the Prospectus by adding the following sentence to the end
of the paragraph:
If an automatic monthly investment transaction fails due to
insufficient funds in your account, you may be assessed an additional
charge.
The following replaces the second sentence of the second paragraph under the
heading "Checkwriting Privileges" on page 24 of the Prospectus:
If the amount of the check is greater than the value of the Units in
a unitholder's account, the check will be returned marked
"insufficient funds" and you may be assessed an additional charge.
ELF2-36
