Comparison of the bulk magnetic properties of the Elk Lake sediments with varve thickness and sediment density suggests that most of the magnetic carrier in the sediments is allochthonous to the lake. An exception may be the fine-grained magnetite in the upper three meters of section. Correlation of the Elk Lake directional record with the records from Lake St. Croix and Kylen Lake demonstrates the accuracy of the Elk Lake varve chronology.