Wow, how misinformed most people are.
The only Elven item which didn't used to add anything was the EC and that was only during the time before bonuses were introduced.
All of the major items in CB1 which gave a DEX bonus (Elven Gear if you need telling) had a fixed bonus to DEX which 1/3 of that bonus applied to ED's.
Any negative bonus also applied which is why anyone going that route had to balance out the armour bonus/penalties
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<a href="/bboard/q-and-a-fetch-msg.tcl?msg_id=002yIk">Didn't Elven Gloves give a magic bonus?</a>