You should never name something using a reserved word, like "integer" (VB is
not a case-sensitive language so "integer" and "Integer" are the same
thing).  You were also unclear as to whether you already have 5 values and
just need to assign them to members of an array or whether you are using
values from the array to assign to 5 "elements" (whatever that means)
somewhere else.

Here's my best guess at what you are trying to do:

Sub Main()
   Dim values As Integer(4)    'Notice the trailing parenthesis ()?  This
means values should be an Integer array
   values(0) = 27    'Made up value
   values(1) = 32    'Made up value
   values(2) = 16    'Made up value
   values(3) = 7    'Made up value
   values(4) = -12    'Made up value

   'This assumes you already have some "element" (as you call it) and since
I don't know what you mean
   'by "element", I can't know what property to set on it.  But, this
should give you the idea
   For i As Integer = 0 to values.length - 1
       element(i) = values(i)
   Next

End Sub