Posted on May 1, 1997

Members of the General Electric Elfun Fund are now able to make gifts of shares of the fund to Union. Gifts will not incur capital gains on the transfer, yet qualify as tax deductible charitable gifts. This is the first time in the fund's history that gifts can be made without tax consequences.

If you have any questions about this, please call Debra Stalker at (518) 388-6126.