N-CSRS

							OMB APPROVAL
                                                        OMB Number: 3235-0570

                                                        Expires: SEPT. 30, 2007

                                                        Estimated average burden
                                                        hours per response: 19.4


                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM N-CSR

              CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
                              INVESTMENT COMPANIES

Investment Company Act file
number                              811-00483
- -----------------------------------------------------------------

                       Elfun Trusts Fund
- ------------------------------------------------------------------
               (Exact name of registrant as specified in charter)


              3001, SUMMER STREET,STAMFORD, CONNECTICUT, 06905
- -------------------------------------------------------------------
               (Address of principal executive offices) (Zip code)


GE ASSET MANAGEMENT INC,3001, SUMMER STREET,STAMFORD,CONNECTICUT, 06905
- ------------------------------------------------------------------
                     (Name and address of agent for service)


Registrant"s telephone number, including area code: 800-242-0134
                                            ----------------------------


Date of fiscal year end: December 31, 2006
                        ---------------------------

Date of reporting period: :  January 1, 2006 - June 30, 2006
                          -------------------------



ITEM 1. REPORTS TO STOCKHOLDERS.

Elfun Trusts Fund  (the "Fund" or "registrant") is an employees'
securities company as defined in the Investment Company Act of 1940, as
amended ("1940 Act"). The Fund has received an exemption from various
provisions of the 1940 Act, including Section 30 and the rules there under.
Pursuant to this exemption, the Fund  prepares and sends to shareholders only
one financial report per year, its audited annual report, which is sent to
shareholders within the required time following its fiscal year end. Because
the Fund is not required under Section 30 of the 1940 Act to prepare and
file a semi-annual financial report for the current period, the fund has
prepared and filed a schedule of holdings for the current period with
respect to this report on Form N-Q.


Item 2. CODE OF ETHICS.

           Applicable only to an annual filing.


Item 3.  AUDIT COMMITTEE FINANCIAL EXPERT.

           Applicable only to an annual filing.


Item 4.  PRINCIPAL ACCOUNTANT FEES AND SERVICES.

           Applicable only to an annual filing.


Item 5.  AUDIT COMMITTEE OF LISTED REGISTRANTS.

          Applicable only to an annual filing.


Item 6.  SCHEDULE OF INVESTMENTS.

          Not applicable.  See Item 1.


ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END
        MANAGEMENT INVESTMENT COMPANIES.

         Applicable only to Closed-End Management Investment Companies.


ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

         Applicable only to Closed-End Management Investment Companies.


ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT
	 INVESTMENT COMPANY AND AFFILIATED PURCHASERS.

	 Applicable only to Closed-End Management Investment Companies.

ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

	 No material changes.

ITEM 11. CONTROLS AND PROCEDURES.

The officers providing the certifications in this report in accordance
with Rule 30a-3 under the Investment Company Act of 1940 have concluded,
based on their evaluation of the registrant's disclosure controls and
procedures (as such term is defined in such rule), that such controls and
procedures are adequate and reasonably designed to achieve the purpose
described in paragraph (c) of such rule.

There were no significant changes in the registrant's internal controls or
in other factors that could significantly affect these controls subsequent
to the date of their last evaluation, including any corrective actions with
regard to significant deficiencies and material weaknesses.



ITEM 12.  EXHIBITS.

(a)   Not applicable.

(b) Attached hereto as Exhibit 1 and Exhibit 2 are the Certifications of
Ronald R. Pressman and Scott Rhodes as principal executive officer and
principal financial officer, respectively, as required by Rule 30a-2 under
the Investment Company Act of 1940.



                                  SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 1934
and the Investment Company Act of 1940, the Registrant has duly
caused this Report to be signed on its behalf by the undersigned,
thereunto duly authorized.

Elfun Trusts Fund

By:   /S/Ronald R. Pressman
      Ronald R. Pressman
      TRUSTEE, PRESIDENT AND CHIEF EXECUTIVE OFFICER,
      GE ASSET MANAGEMENT INCORPORATED

Date:  September 05, 2006

Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this Report has been signed below by the
following persons on behalf of the Registrant and in the capacities and on
the dates indicated.


By:   /S/Ronald R. Pressman
      Ronald R. Pressman
      TRUSTEE, PRESIDENT AND CHIEF EXECUTIVE OFFICER,
      GE ASSET MANAGEMENT INCORPORATED

Date:  September 05, 2006

By:   /S/SCOTT RHODES
	Scott Rhodes
      TREASURER, ELFUN FUNDS

Date:  September 05, 2006

 EXHIBIT INDEX

            (b)(1)      Certifications of principal executive officer and
            principal financial officer as required by Rule 30a-2 under the
            Investment Company Act of 1940.

            (b)(2)      Certification of principal executive officer and
            principal financial officer as required by Section 906 of the
            Sarbanes-Oxley Act of 2002.

EX-99.CERT

SECTION 302 CERTIFICATIONS

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER

I, Ronald R. Pressman, certify that:

1.I have reviewed this report on Form N-CSR of Elfun Trust Fund;

2.Based on my knowledge, this report does not contain any untrue statement
of a material fact or omit to state a material fact necessary to make the
statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this report;

3.Item 3 of this Certification not applicable pursuant to the Fund's exemption
from various provisions of the 1940 Act, including Section 30 and the rules
there under.  See Item 1 of this Form N-CSR for further details.

4.The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as
defined in Rule 30a-3(c) under the Investment Company Act of 1940) and
internal control over financial reporting (as defined in Rule 30a-3(d) under
the Investment Company Act of 1940) for the registrant and have:

a.Designed such disclosure controls and procedures or caused such disclosure
controls and procedures to be designed under our supervision, to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being prepared;

b.Item 4(b) of this Certification not applicable pursuant to the Fund's
exemption from various provisions of the 1940 Act, including Section 30
and the rules there under.  See Item 1 of this Form N-CSR for further details.

c.Item 4(c) of this Certification not applicable pursuant to the Fund's
exemption from various provisions of the 1940 Act, including Section 30 and
the rules there under.  See Item 1 of this Form N-CSR for further details.

d.Disclosed in this report any change in the registrant's internal control
over financial reporting that occurred during the most recent fiscal
half-year that has materially affected, or is reasonably likely to
materially affect, the registrant's internal control over financial
reporting; and

5.The registrant's other certifying officers and I have disclosed, to the
registrant's auditors and the audit committee of the registrant's board
of directors (or persons performing the equivalent functions):

a.All significant deficiencies and material weaknesses in the design or
operation of internal controls over financial reporting which are
reasonably, likely to adversely affect the registrant's ability to
record, process, summarize, and report financial information; and

b.Any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant's
internal controls over financial reporting.

Date: September 05, 2006

Ronald R. Pressman
Trustee, President and Chief Executive Officer
GE Asset Management Incorporated


SECTION 302 CERTIFICATIONS

CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER

I, Scott Rhodes, certify that:

1.I have reviewed this report on Form N-CSR of Elfun Trust Fund;

2.Based on my knowledge, this report does not contain any untrue statement
of a material fact or omit to state a material fact necessary to make the
statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this report;

3.Item 3 of this Certification not applicable pursuant to the Fund's exemption
from various provisions of the 1940 Act, including Section 30 and the rules
there under.  See Item 1 of this Form N-CSR for further details.

4.The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as
defined in Rule 30a-3(c) under the Investment Company Act of 1940) and
internal control over financial reporting (as defined in Rule 30a-3(d) under
the Investment Company Act of 1940) for the registrant and have:

a.Designed such disclosure controls and procedures or caused such disclosure
controls and procedures to be designed under our supervision, to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being prepared;

b.Item 4(b) of this Certification not applicable pursuant to the Fund's
exemption from various provisions of the 1940 Act, including Section 30
and the rules there under.  See Item 1 of this Form N-CSR for further
details.

c.Item 4(c) of this Certification not applicable pursuant to the Fund's
exemption from various provisions of the 1940 Act, including Section 30 and
the rules there under.  See Item 1 of this Form N-CSR for further details.

d.Disclosed in this report any change in the registrant's internal control
over financial reporting that occurred during the most recent fiscal
half-year that has materially affected, or is reasonably likely to
materially affect, the registrant's internal control over financial
reporting; and

5.The registrant's other certifying officers and I have disclosed, to the
registrant's auditors and the audit committee of the registrant's board
of directors (or persons performing the equivalent functions):

a.All significant deficiencies and material weaknesses in the design or
operation of internal controls over financial reporting which are
reasonably, likely to adversely affect the registrant's ability to
record, process, summarize, and report financial information; and

b.Any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant's
internal controls over financial reporting.

Date: September 05, 2006


Scott Rhodes
Treasurer, Elfun Funds

EX-99.906 CERT

Exhibit (b)(2)

SECTION 906 CERTIFICATIONS


In connection with this report on Form N-CSR for the Registrant as
furnished to the Securities and Exchange Commission on the date hereof
(the "Report"), the undersigned hereby certify, pursuant to Section 906
of the Sarbanes-Oxley Act of 2002, that:


(1) the Report fully complies with the requirements of Section 13(a) or
15(d) of the Securities Exchange Act of 1934, as applicable; and

(2) the information contained in the Report fairly presents, in all
material respects, the financial condition and the results of operations
of the Registrant.



By:


Ronald R. Pressman
Trustee, President and Chief Executive Officer
GE Asset Management Incorporated

Date: September 05, 2006


By:


Scott Rhodes
Treasurer, Elfun Funds

Date: September 05, 2006



[A signed original of this written statement required by Section 906 has been
provided to the Registrant and will be retained by the Registrant and
furnished to the Securities and Exchange Commission or its staff upon
request.]