IRAS observations of the nuclear bulge of M31

IRAS observations of the nuclear bulge of M31 are reported. The 12-micron and 25-micron emission is attributed to circumstellar dust emission from late-type stars, while the 60 and 100-micron emission is attributed to interstellar dust emission. The total input rate of circumstellar gas and dust into the interstellar medium is estimated to be 0.015 solar masses/yr. The mass of dust in the interstellar medium estimated from the far-infared flux is about 1500 solar masses. The color temperature of the far-infrared-emitting dust is 45 K. The time required to accumulate the observed mass in interstellar dust is about 10 million yr. Either supernova-generated winds or star formation can deplete this gas without violating the observations.