PROSPECTUS             Pricing Supplement No. 1958
Dated April 1, 1994    Dated August 10, 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 10, 1994

Principal Amount (in Specified Currency):  CHF 26,000,000

Settlement Date (Original Issue Date): August 15, 1994

If principal amount is stated in other than U.S. dollars,
equivalent amount in U.S. dollars:  US$19,481,800(*)
  (*)  Based on the August 10, 1994 exchange rate of CHF 1=
       US$.7493

Net Proceeds to Issuer:  CHF 25,945,400

Agent's Discount or Commission:  0.000% 

Maturity Date:  August 15, 1997

Price to Public (Issue Price): 99.790%

Interest:
  Interest Rate Per Annum: 5.1250%

  Interest Payment Date(s):

  Series A Notes:
  __  March 15 and September 15 of each year
  __  Other: 
  Series B or C Notes:
  __  September 15 of each year
  X   Other: August 15 of each year, commencing August 15, 1995




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. 1958 
                       Dated August 10, 1994
                       Rule 424(b)(3)-Registration Statement
                           No. 33-50909



Form and Denomination:

  The Notes will be issued in the form of a temporary global bearer
note, without interest coupons, which will be deposited with or on
behalf of a common depositary for Morgan Guaranty Trust Company of
New York, Brussels office, as operator of the Euroclear System (the
"Euroclear Operator"), and Cedel, societe anonyme ("Cedel"), for
credit to the account designated by or on behalf of the purchaser
thereof.  The interests of the beneficial owner or owners in the
temporary global bearer note will be exchangeable after the
expiration of the Restricted Period for an interest in a permanent
global bearer note as described in the Prospectus Supplement under
the caption "DESCRIPTION OF NOTES--Forms, Denominations, Exchange
and Transfer".  

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

Amortizing Notes:

  Amortization Schedule:  N/A

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


                       (Fixed Rate Notes)
                                                       Page 3
                       Pricing Supplement No. 1958 
                       Dated August 10, 1994
                       Rule 424(b)(3)-Registration Statement
                           No. 33-50909




Indexed Notes:

  Currency Base Rate:  N/A
  Determination Agent:  

Additional Terms:

  All referenced herein to "CHF" or "Swiss Francs" are to the
lawful currency of Switzerland.

Plan of Distribution:

  Goldman Sachs & Co. Bank (Zurich), is acting as agent in
  connection with the distribution of the Notes.