UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM N-PX


          ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT
                               INVESTMENT COMPANY

Investment Company Act file
number                              811-02735
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                       Elfun Tax-Exempt Income Fund
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               (Exact name of registrant as specified in charter)


              1600, SUMMER STREET,STAMFORD, CONNECTICUT, 06905
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               (Address of principal executive offices) (Zip code)


GE ASSET MANAGEMENT,1600, SUMMER STREET,STAMFORD,CONNECTICUT,06905
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                     (Name and address of agent for service)


Registrant"s telephone number, including area code: 203-326-4099
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Date of fiscal year end: 12/31
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Date of reporting period: 07/01/2011 - 06/30/2012
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Item 1. Proxy Voting Record





========================= Elfun Tax-Exempt Income Fund =========================

There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.




                               SIGNATURES

     Pursuant to the  requirements  of 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.

(Registrant):  Elfun Tax-Exempt Income Fund
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By (Signature and Title):  /S/ Arthur A. Jensen
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                           Arthur A. Jensen,
                           TREASURER, ELFUN FUNDS

Date:  August 24, 2012
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