ELFUN INCOME FUND
NSAR-A, 1998-08-27
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<PAGE>      PAGE  1
000 A000000 06/30/98
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000 D000000 N
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000 F000000 Y
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000 J000000 A
001 A000000 ELFUN INCOME FUND
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<PAGE>      PAGE  3
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<PAGE>      PAGE  8
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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>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-31-1998
<PERIOD-END>                               JUN-30-1998
<INVESTMENTS-AT-COST>                           266901
<INVESTMENTS-AT-VALUE>                          270641
<RECEIVABLES>                                     9238
<ASSETS-OTHER>                                      68
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  279947
<PAYABLE-FOR-SECURITIES>                         20330
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         9236
<TOTAL-LIABILITIES>                              29566
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        242294
<SHARES-COMMON-STOCK>                            21362
<SHARES-COMMON-PRIOR>                            19893
<ACCUMULATED-NII-CURRENT>                          543
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           3801
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          3743
<NET-ASSETS>                                    250381
<DIVIDEND-INCOME>                                  267
<INTEREST-INCOME>                                 7488
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (252)
<NET-INVESTMENT-INCOME>                           7503
<REALIZED-GAINS-CURRENT>                          2890
<APPREC-INCREASE-CURRENT>                        (549)
<NET-CHANGE-FROM-OPS>                             9844
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       (7496)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           2082
<NUMBER-OF-SHARES-REDEEMED>                     (1153)
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</TABLE>


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