PROSPECTUS                 Pricing Supplement No. 1975 
Dated April 1, 1994        Dated August 18, 1994
PROSPECTUS SUPPLEMENT      Rule 424(b)(3)-Registration Statement
No. 33-50909
Dated April 1, 1994        Rule 424(b)(3)-Registration Statement
No. 33-54009

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

Series:  A __   B X    C __         Trade Date:  August 18, 1994

Principal Amount (in Specified Currency):  DM 75,000,000

Settlement Date (Original Issue Date): August 25, 1994

If Specified Currency is other than US  dollars,
equivalent amount in US dollars: US$48,772,500(*)
  (*) Based on the exchange rate of DM 1 = US$0.6503

Maturity Date: August 27, 1996

Agent's Discount or Commission: .000%

Price to Public (Issue Price):  100.00%

Net Proceeds to Issuer (in Specified Currency):  DM 75,000,000

Interest Rate:

  Interest Calculation:
  X  Regular Floating Rate
  __ Inverse Floating Rate
  __ Other Floating Rate
  
  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):  0.01%
  Spread Multiplier:  N/A

  Index Maturity: Six Months
  Index Currency: Deutsche Mark




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. 1975 
                       Dated August 18, 1994
                       Rule 424(b)(3)-Registration Statement
                                No. 33-50909
                       Rule 424(b)(3)-Registration Statement
                                No. 33-54009           




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

  Alternate Rate Event Spread:  N/A

  Initial Interest Rate Per Annum:  To be determined two London
       Business Days prior to the Original Issue Date set forth
       above based upon application of the interest rate formula.

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

  Interest Payment Dates if other than as set forth in the
  Prospectus Supplement:  Each August 27 and February 27,
       commencing February 27, 1995.

  Interest Reset Periods and Dates:
  __ Daily    __ Weekly    __ Monthly    __ Quarterly
  X  Semiannually:  On each Interest Payment Date.
  __ Annually 

  Interest Determination Dates if other than as set forth in the
  Prospectus Supplement:  The second London Business Day preceding
       each Interest Reset Date.

Form of Notes: 

  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".  The Notes will be available in denominations of DM
  10,000 and DM 100,000



                      (Floating Rate Notes)
                                                       Page 3
                       Pricing Supplement No. 1975 
                       Dated August 18, 1994
                       Rule 424(b)(3)-Registration Statement
                                No. 33-50909
                       Rule 424(b)(3)-Registration Statement
                                No. 33-54009           




Repayment, Redemption and Acceleration:

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

  References herein to "DM" or "Deutsche Marks" are to the lawful
currency of the Federal Republic of Germany.

  Merrill Lynch International Limited will act as the Calculation
Agent for the Notes.

Plan of Distribution:

  Merrill Lynch Bank AG is acting as agent in connection with the
  sale of the Notes.