The aim of this paper is to provide the fundamental parameters and abundances for a large sample of local clump giants with a high accuracy. The selection of clump stars for the sample group was made applying a color - absolute magnitude window to nearby Hipparcos stars. The abundances of carbon and nitrogen were obtained from molecular synthetic spectrum, the Mg and Na abundances were derived using the non-LTE approximation. The classical models of stellar evolution without atomic diffusion and rotation-induced mixing were employed. The atmospheric parameters (Teff, log g, [Fe/H], Vt) and Li, C, N, O, Na, Mg, Si, Ca and Ni abundances in 177 clump giants of the Galactic disc were determined. The underabundance of carbon, overabundance of nitrogen and normal abundance of oxygen were detected. A small sodium overabundance was found. A possibility of a selection of the clump giants based on their chemical composition and the evolutionary tracks was explored. The theoretical predictions based on the classical stellar evolution models are in good agreement with the observed surface variations of the carbon and nitrogen just after the first dredge-up episode. The giants show the same behavior of the dependencies of O, Mg, Ca, Si (alpha-elements) and Ni (iron-peak element) abundances vs. [Fe/H] as dwarfs do. This allows one to use such abundance ratios to study the chemical and dynamical evolution of the Galaxy.