PROSPECTUS                 Pricing Supplement No. 1929
Dated April 1, 1994        Dated July 21, 1994 
PROSPECTUS SUPPLEMENT      Rule 424(b)(3)-Registration Statement
                                No. 33-50909
Dated April 1, 1994

              GENERAL ELECTRIC CAPITAL CORPORATION
                    GLOBAL MEDIUM-TERM NOTES
                      (Floating Rate Notes)

Series:   A X     B __    C __         Trade Date:  July 21, 1994

Principal Amount (in Specified Currency):  US$50,000,000

Settlement Date (Original Issue Date):  July 26, 1994

If Specified Currency is other than

Maturity Date: July 26, 1996

U.S. dollars, equivalent amount in U.S. dollars:  N/A

Agent's Discount or Commission:  0.000%

Price to Public (Issue Price):  99.9815%

Net Proceeds to Issuer (in Specified Currency):  US$49,993,750

Interest Rate:
  Interest Calculation:
  X  Regular Floating Rate
  __ Inverse Floating Rate
     (Fixed Interest Rate): ___%
  __ Other Floating Rate
       (as described below under "Additional Terms")

  Interest Rate Basis:
  __ CD Rate   __ Commercial Paper Rate   __ Federal Funds Rate
  X  LIBOR   __ Prime Rate  __ Treasury Rate
  __ Other (as described below under "Additional Terms")

  Spread (Plus or Minus):  + .000%
  Spread Multiplier:  N/A


CAPITALIZED TERMS USED IN THIS PRICING SUPPLEMENT WHICH ARE DEFINED IN
THE PROSPECTUS SUPPLEMENT SHALL HAVE THE MEANINGS ASSIGNED TO THEM IN
THE PROSPECTUS SUPPLEMENT.


                         (Floating Rate Notes)
                                                       Page 2
                       Pricing Supplement No. 1929
                       Dated July 21, 1994
                       Rule 424(b)(3)-Registration Statement
                                No. 33-50909



  Index Maturity:  One Month
  Index Currency:  US dollar

  Maximum Interest Rate:  N/A
  Minimum Interest Rate: N/A

  Alternate Rate Event Spread:  N/A

  Initial Interest Rate Per Annum:  The Interest Rate applicable to the
       first weekly Interest Reset Period will be determined two London
       Business Days prior to the Original Issue Date.

  Interest Payment Period:
  __ Annual    __ Semi-Annual    __ Monthly  X  Quarterly

  Interest Payment Dates if other than as set forth in the Prospectus
  Supplement:  Each October 26, January 26, April 26 and July 26,
       commencing on October 26, 1994 up to and including the Maturity
       Date.

  Interest Reset Periods and Dates:
  __ Daily   __  Weekly    __ Monthly    X  Quarterly
  __ Semiannually: months in which reset: N/A  
  __ Annually: month in which reset:  N/A                    

  Interest Determination Dates if other than as set forth in the
  Prospectus Supplement: See Two London Business Days prior to each
       Interest Reset Date.

Form of Notes:      

  X  DTC registered     __ non-DTC registered

Repayment, Redemption and Acceleration:

  Initial Redemption Date:  N/A
  Initial Redemption Percentage:  N/A
  Optional Repayment Date:  N/A
  Annual redemption Percentage Reduction:  N/A


                         (Floating Rate Notes)
                                                       Page 3
                       Pricing Supplement No. 1929
                       Dated July 21, 1994
                       Rule 424(b)(3)-Registration Statement
                                No. 33-50909



Original Issue Discount

  Amount of OID:  N/A
  Interest Accrual Date: N/A
  Yield to Maturity:  N/A
  Initial Accrual Period OID:  N/A

Amortizing Notes:

  Amortization Schedule: N/A

Dual Currency Notes:

  Face Amount Currency:  N/A
  Optional Payment Currency:  N/A 
  Designated Exchange Rate:  N/A

Indexed Notes:

  Currency Base Rate:  N/A

Additional Terms:

  CS First Boston Corporation will act as the "Calculation Agent" for
the Notes.

Plan of Distribution:

  The Notes are being purchased by CS First Boston Corporation
(hereinafter referred to as the "Underwriter") pursuant to a Terms
Agreement to be entered into under the Company's Amended and Restated
U.S. Distribution Agreement, dated August 31, 1993, as amended, at the
Issue Price of 99.9815% of the principal amount of the Notes.  The
Company has agreed to indemnify the Underwriter against and contribute
toward certain liabilities, including liability under the Securities Act
of 1933, as amended.