The elves forged magical rings (so did the dwarves). Elrond could heal and was clairvoyant, clauraudient and pescient. Galadriel had all kinds of charm and command magic going on. Though, I will admit that I don't know how much was them and how much were the rings of power that they wore. There were all kinds of magical abilities inherent to elfdom as well - the far-seeing, passing without a trace, etc. Not overtly magical, but definitely so by AD&D standards. What about the elven-made cloaks and waybread?