PROSPECTUS             Pricing Supplement No. 1949 
Dated April 1, 1994    Dated August 4, 1994
PROSPECTUS SUPPLEMENT  Rule 424(b)(3)-Registration Statement
                                No. 33-50909
Dated April 1, 1994


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

Series:  A __   B X    C __           Trade Date:  August 4, 1994

Principal Amount (in Specified Currency):  ECU100,000,000

Settlement Date (Original Issue Date):  September 1, 1994

If principal amount is stated in other than
U.S. dollars, equivalent amount in U.S. dollars:  $120,320,000
  *Based on the Exchange Rate of ECU1.00 = US$1.20320

Net Proceeds to Issuer:  99,628,000

Agent's Discount or Commission:  1.625%

Maturity Date:  September 1, 1998

Price to Public (Issue Price): 101.283%

Interest Rate Per Annum:  7.125%

Interest Payment Date(s):

  Series B or C Notes:
  __  September 15 of each year
  __  Other: September 1 of each year, commencing September 1, 1995

Repayment, Redemption and Acceleration

  Optional Repayment Date(s):  N/A
  Initial Redemption Date:  N/A
  Initial Redemption Percentage:  N/A
  Annual Redemption Percentage Reduction:  N/A
  Modified Payment Upon Acceleration:  N/A

Original Issue Discount

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


                       (Fixed Rate Notes)
                                                       Page 2
                       Pricing Supplement No. 1949
                       Dated August 4, 1994
                       Rule 424(b)(3)-Registration Statement
                           No. 33-50909



Amortizing Notes:

  Amortization Schedule:  N/A

Form and Denomination:

  The Notes will be issued in the form of a temporary global note
  which will be deposited with a common depositary for the
  Euroclear System and Cedel, S.A.  The temporary global note will
  be exchangeable for definitive notes not earlier than 40 days
  after the original issue date (the "Exchange Date") and will
  available in denominations of ECU1,000 and ECU10,000.

Dual Currency Notes:

  Face Amount Currency:  N/A
  Optional Payment Currency:  N/A
  Designated Exchange Rate:  N/A
  Option Value Calculation Agent:  N/A
  Option Election Date(s):  N/A

Indexed Notes:

  Currency Base Rate:  N/A
  Determination Agent:  

Additional Terms:

  Payments of both principal and interest will be made in ECU.

Plan of Distribution:

  The Notes are being purchased by the following institutions in
  their respective amounts set forth below pursuant to the terms
  of the Amended and Restated Euro Distribution Agreement dated as
  of August 31, 1993 (the "Amended and Restated Euro Distribution
  Agreement" and a Terms Agreement with respect to the Notes; all
  references in the Prospectus Supplement to the Euro Distribution
  Agreement as so amended and restated):


                       (Fixed Rate Notes)
                                                       Page 3
                       Pricing Supplement No. 1949
                       Dated August 4, 1994
                       Rule 424(b)(3)-Registration Statement
                           No. 33-50909



            Financial Institution            Amount of Notes [ECU]

     Barclays de Zoete Wedd Limited                 70,000,000
     Banque Bruxelles Lambert S.A.                   2,000,000
     Banque Paribas                                  2,000,000
     Caisse des Depots et Consignations              2,000,000
     Credit Commercial de France                     2,000,000
     CS First Boston Limited                         2,000,000
     Deutsche Bank AG London                         2,000,000
     Generale Bank                                   2,000,000
     Kidder, Peabody International PLC               2,000,000
     Kredietbank N.V.                                2,000,000
     Merrill Lynch International Limited             2,000,000
     J.P. Morgan & Cie S.A.                          2,000,000
     Salomon Brothers International Limited          2,000,000
     Societe Generale                                2,000,000
     Swiss Bank Corporation                          2,000,000
     UBS Limited                                     2,000,000

     Total                                         100,000,000

  The above-listed financial institutions are hereinafter referred
  to as the "Managers".  To the extent that any of the Managers
  are not Agents under the Euro Distribution Agreement, the
  Company has appointed such non-Agent Managers as Agents
  thereunder for this transaction.  The Company has agreed to
  indemnify the Managers against and contribute toward certain
  liabilities, including liabilities under the Securities Act of
  1993, as amended.

  The combined management and underwriting commission payable by
  the Company to the Agents with respect to the respective
  purchases of the Notes is 0.20% of the principal amount of the 
  Notes.  The purchase price payable to the Company by the Agents
  will also be reduced by a selling commission of 1.425% of the
  principal amount of the Notes.

  The Company has agreed to pay the Managers ECU30,000 in
  reimbursement of certain of their expenses.

  In connection with this issue, Barclays de Zoete Wedd Limited
  may over-allot or effect transactions which stabilize or
  maintain the market price of the Notes at a level which might
  not otherwise prevail.  Such stabilizing, if commenced, may be
  discontinued at any time.