Variables related to life satisfaction and (psychological distress in the elderly were studied.The sample consisted of 158 persons over 60 years of age, who were not institutionalized. Questionnaires that measured sociodamo- graphic characteristics, life satisfaction and psychic and somatic complaints were administered.The findings, based on correlational analysis showed that the variables significantly related to psychological distress were prior employment status, education and age. Self-assessed financial status and marital status were found to have significant relationship with life satisfaction. The implications of the findings for the quality of life among the elderly are discussed.