ELFUN INCOME FUND
NSAR-B, 1998-02-27
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<PAGE>      PAGE  1
000 B000000 12/31/97
000 C000000 0000717854
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 ELFUN INCOME FUND
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011 A000001 GE INVESTMENT DISTRIBUTORS, INC.
011 B000001 8-45710
011 C010001 STAMFORD
011 C020001 CT
011 C030001 06927
012 A000001 STATE STREET BANK AND TRUST CO.
<PAGE>      PAGE  2
012 B000001 85-05003
012 C010001 BOSTON
012 C020001 MA
012 C030001 02110
013 A000001 KPMG PEAT MARWICK
013 B010001 STAMFORD
013 B020001 CT
013 B030001 06905
014 A000001 GECC CAPITAL MARKETS GROUP, INC
014 B000001 8-29149
014 A000002 GNA SECURITIES INC RP.
014 B000002 8-26614
014 A000003 GNA DISTRIBUTORS INC.
014 B000003 8-46211
014 A000006 GE INVESTMENT SERVICES INC.
014 B000006 8-45710
014 A000007 PAINEWEBBER INCORPORATED
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014 A000008 MITCHELL HUTCHINS ASSET MANAGEMENT, INC.
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<PAGE>      PAGE  3
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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SIGNATURE   JEFF GROH                                    
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000717854
<NAME> ELFUN INCOME FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                           253587
<INVESTMENTS-AT-VALUE>                          257780
<RECEIVABLES>                                     7495
<ASSETS-OTHER>                                     162
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  265437
<PAYABLE-FOR-SECURITIES>                         22480
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        12054
<TOTAL-LIABILITIES>                              34534
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        225164
<SHARES-COMMON-STOCK>                            19893
<SHARES-COMMON-PRIOR>                            19386
<ACCUMULATED-NII-CURRENT>                          536
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            911
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          4292
<NET-ASSETS>                                    230903
<DIVIDEND-INCOME>                                  496
<INTEREST-INCOME>                                14606
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (445)
<NET-INVESTMENT-INCOME>                          14657
<REALIZED-GAINS-CURRENT>                          2929
<APPREC-INCREASE-CURRENT>                         2713
<NET-CHANGE-FROM-OPS>                            20299
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (14676)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           2488
<NUMBER-OF-SHARES-REDEEMED>                     (3056)
<SHARES-REINVESTED>                               1075
<NET-CHANGE-IN-ASSETS>                           11452
<ACCUMULATED-NII-PRIOR>                            353
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                        1816
<GROSS-ADVISORY-FEES>                              151
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    445
<AVERAGE-NET-ASSETS>                            222278
<PER-SHARE-NAV-BEGIN>                           11.320
<PER-SHARE-NII>                                  0.750
<PER-SHARE-GAIN-APPREC>                          0.290
<PER-SHARE-DIVIDEND>                           (0.750)
<PER-SHARE-DISTRIBUTIONS>                        0.000
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                             11.610
<EXPENSE-RATIO>                                   0.20
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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