We calculate the genus 1 Gromov-Witten theory of the Hilbert scheme of points in the plane. The fundamental 1-point invariant (with a divisor insertion) is calculated using a correspondence with the families local curve Gromov-Witten theory over the moduli space . The answer exactly matches a parallel calculation related to the Noether-Lefschetz geometry of the moduli space of principally polarized abelian varieties. As a consequence, we prove that the associated cycle classes satisfy a homomorphism property for the projection operator on . The fundamental 1-point invariant determines the full genus 1 Gromov-Witten theory of modulo a nondegeneracy conjecture about the quantum cohomology. A table of calculations is given.

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