Exhibit 12 (b)
General Electric Capital Corporation and consolidated affiliates Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
	Years ended December 31
(Dollars in millions)	2004			2003			2002			2001			2000
Net earnings	$	8,034		$	6,893		$	5,490		$	5,902		$	4,289
Provision for income taxes		1,593			1,590			960			1,734			1,555
Minority interest		359			84			95			84			86
Earnings before income taxes and minority interest		9,986			8,567			6,545			7,720			5,930
Fixed charges:
Interest		11,131			10,037			9,686			10,261			10,763
One-third of rentals		320			288			316			324			381
Total fixed charges		11,451			10,325			10,002			10,585			11,144
Less interest capitalized, net of amortization		(37	)		(23	)		(38	)		(88	)		(121	)
Earnings before income taxes and minority interest, plus fixed charges	$	21,400		$	18,869		$	16,509		$	18,217		$	16,953
Preferred stock dividend requirements	$	45		$	41		$	57		$	80		$	126
Ratio of earnings before provisions for income taxes to net earnings		1.20			1.23			1.17			1.29			1.36
Preferred stock dividend factor on pre-tax basis		54			50			67			103			171
Fixed charges		11,451			10,325			10,002			10,585			11,144
Total fixed charges and preferred stock dividend requirements	$	11,505		$	10,375		$	10,069		$	10,688		$	11,315
Ratio of earnings to combined fixed charges and preferred stock dividends		1.86			1.82			1.64			1.70			1.50