diff --git a/perf/micro/immediate-scheduler/operators/elementat.js b/perf/micro/immediate-scheduler/operators/elementat.js
new file mode 100644
index 0000000000..3d03817038
--- /dev/null
+++ b/perf/micro/immediate-scheduler/operators/elementat.js
@@ -0,0 +1,20 @@
+var RxOld = require("rx");
+var RxNew = require("../../../../index");
+
+module.exports = function (suite) {
+
+  var oldElementAtWithImmediateScheduler = RxOld.Observable.range(0, 25, RxOld.Scheduler.immediate).elementAt(5);
+  var newElementAtWithImmediateScheduler = RxNew.Observable.range(0, 25).elementAt(5);
+
+  return suite
+    .add('old elementAt with immediate scheduler', function () {
+      oldElementAtWithImmediateScheduler.subscribe(_next, _error, _complete);
+    })
+    .add('new elementAt with immediate scheduler', function () {
+      newElementAtWithImmediateScheduler.subscribe(_next, _error, _complete);
+    });
+
+  function _next(x) { }
+  function _error(e){ }
+  function _complete(){ }
+};
\ No newline at end of file
diff --git a/spec/operators/elementat-spec.js b/spec/operators/elementat-spec.js
new file mode 100644
index 0000000000..0062649336
--- /dev/null
+++ b/spec/operators/elementat-spec.js
@@ -0,0 +1,47 @@
+/* globals describe, it, expect, hot, cold, expectObservable */
+var Rx = require('../../dist/cjs/Rx');
+var Observable = Rx.Observable;
+
+describe('Observable.prototype.elementAt', function() {
+  it("should return first element by zero-based index", function() {
+    var source = hot('--a--b--c--|');
+    var expected =   '--(a|)';
+		
+    expectObservable(source.elementAt(0)).toBe(expected);
+  });
+	
+  it("should return non-first element by zero-based index", function() {
+    var source = hot('--a--b--c--d--e--f--|');
+    var expected =   '-----------(d|)';
+		
+    expectObservable(source.elementAt(3)).toBe(expected);
+  });
+  
+  it("should return last element by zero-based index", function() {
+    var source = hot('--a--b--c--|');
+    var expected =   '--------(c|)';
+		
+    expectObservable(source.elementAt(2)).toBe(expected);
+  });
+  
+  it("should throw if index is smaller than zero", function() {
+    expect(function() { Observable.range(0,10).elementAt(-1); })
+      .toThrow(new Rx.ArgumentOutOfRangeError);
+  });
+	
+  it("should raise error if index is out of range but does not have default value", function() {
+    var source = hot('--a--|');
+    var expected =   '-----#';
+    
+    expectObservable(source.elementAt(3))
+      .toBe(expected, null, new Rx.ArgumentOutOfRangeError);
+  });
+	
+  it("should return default value if index is out of range", function() {
+    var source = hot('--a--|');
+    var expected =   '-----(x|)';
+    var defaultValue = '42';
+    
+    expectObservable(source.elementAt(3, defaultValue)).toBe(expected, { x: defaultValue });
+  });
+});
\ No newline at end of file
diff --git a/src/Observable.ts b/src/Observable.ts
index 1b3bbc139e..efa0cce0cc 100644
--- a/src/Observable.ts
+++ b/src/Observable.ts
@@ -184,6 +184,7 @@ export default class Observable<T>  {
   startWith: <T>(x: T) => Observable<T>;
   debounce: <R>(dueTime: number, scheduler?: Scheduler) => Observable<R>;
   
+  elementAt: (index: number, defaultValue?: any) => Observable<T>;
   last: (predicate?: (value: T, index:number) => boolean, thisArg?: any, defaultValue?: any) => Observable<T>;
   
   filter: (predicate: (x: T) => boolean, ix?: number, thisArg?: any) => Observable<T>;
@@ -233,4 +234,4 @@ export default class Observable<T>  {
   finally: (ensure: () => void, thisArg?: any) => Observable<T>;
   timeout: <T>(due: number|Date, errorToSend?: any, scheduler?: Scheduler) => Observable<T>;
   timeoutWith: <T>(due: number|Date, withObservable: Observable<any>, scheduler?: Scheduler) => Observable<T>;
-}
\ No newline at end of file
+}
diff --git a/src/Rx.ts b/src/Rx.ts
index 9dcf869dff..1aeaf0aa75 100644
--- a/src/Rx.ts
+++ b/src/Rx.ts
@@ -10,6 +10,7 @@ import Subscriber from './Subscriber';
 import Subscription from './Subscription';
 import Notification from './Notification';
 import EmptyError from './util/EmptyError';
+import ArgumentOutOfRangeError from './util/ArgumentOutOfRangeError';
 
 import ReplaySubject from './subjects/ReplaySubject';
 import BehaviorSubject from './subjects/BehaviorSubject';
@@ -102,6 +103,7 @@ import take from './operators/take';
 import skip from './operators/skip';
 import skipUntil from './operators/skipUntil';
 import takeUntil from './operators/takeUntil';
+import elementAt from './operators/elementAt';
 import filter from './operators/filter';
 import distinctUntilChanged from './operators/distinctUntilChanged';
 import distinctUntilKeyChanged from './operators/distinctUntilKeyChanged';
@@ -110,6 +112,7 @@ observableProto.take = take;
 observableProto.skip = skip;
 observableProto.takeUntil = takeUntil;
 observableProto.skipUntil = skipUntil;
+observableProto.elementAt = elementAt;
 observableProto.filter = filter;
 observableProto.distinctUntilChanged = distinctUntilChanged;
 observableProto.distinctUntilKeyChanged = distinctUntilKeyChanged;
@@ -237,5 +240,6 @@ export {
     Notification,
     VirtualTimeScheduler,
     TestScheduler,
-    EmptyError
+    EmptyError,
+    ArgumentOutOfRangeError
 };
diff --git a/src/operators/elementAt.ts b/src/operators/elementAt.ts
new file mode 100644
index 0000000000..108cfa92e6
--- /dev/null
+++ b/src/operators/elementAt.ts
@@ -0,0 +1,47 @@
+import Operator from '../Operator';
+import Observer from '../Observer';
+import Subscriber from '../Subscriber';
+import ArgumentOutOfRangeError from '../util/ArgumentOutOfRangeError';
+
+export default function elementAt(index: number, defaultValue?: any) {
+  return this.lift(new ElementAtOperator(index, defaultValue));
+}
+
+class ElementAtOperator<T, R> implements Operator<T,R> {
+  
+  constructor(private index: number, private defaultValue?: any) {
+    if (index < 0) {
+      throw new ArgumentOutOfRangeError;
+    }
+  }
+  
+  call(subscriber: Subscriber<T>): Subscriber<T> {
+    return new ElementAtSubscriber(subscriber, this.index, this.defaultValue);
+  }
+}
+
+class ElementAtSubscriber<T, R> extends Subscriber<T> {
+  
+  constructor(destination: Subscriber<T>, private index: number, private defaultValue?: any) {
+    super(destination);
+  }
+  
+  _next(x) {
+    if (this.index-- === 0) {
+      this.destination.next(x);
+      this.destination.complete();
+    }
+  }
+  
+  _complete() {
+    const destination = this.destination;
+    if (this.index >= 0) {
+      if(typeof this.defaultValue !== 'undefined') {
+        destination.next(this.defaultValue);
+      } else {
+        destination.error(new ArgumentOutOfRangeError);
+      }
+    }
+    destination.complete();
+  }
+}
diff --git a/src/util/ArgumentOutOfRangeError.ts b/src/util/ArgumentOutOfRangeError.ts
new file mode 100644
index 0000000000..9691d8f585
--- /dev/null
+++ b/src/util/ArgumentOutOfRangeError.ts
@@ -0,0 +1,4 @@
+export default class ArgumentOutOfRangeError implements Error {
+  name = 'ArgumentOutOfRangeError';
+  message = 'argument out of range';
+}
\ No newline at end of file