Lee Elder of Washington, D.C., who led all the way, shot a final round 1-under-par 71 today to finish at 15-under-par 273 and win the PGA Senior Tour's $230,000 Coca-Cola Grand Slam Golf Championship.

Elder's four-round total over the 6,087-yard, par-72 Oak Hill County Club was six strokes better than Miller Barber.

"I thought I had a chance to win when I heard this year's tournament would be held here, because I knew this course very well," Elder said. "I am satisfied with today's 1-under par score."

Elder, who won $50,000 for the victory, rolled in a one-footer on the par-3 11th hole for a birdie en route to the bogey-free 71.

Barber, last year's winner of the tournament, came in second at 279 after shooting a final round of 70. He earned $32,000.

Third place was shared by Americans Don January and Gene Littler at 281. January finished with a 69 and Littler 70.

Bob Charles of New Zealand and Billy Casper of the United States were tied for fifth place at 283.

Masao Hara was the best player among 10 Japanese seniors, finishing in seventh spot at 286.