PROSPECTUS                 Pricing Supplement No. 1976 
Dated April 1, 1994        Dated August 19, 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 X     B __    C __        Trade Date:  August 19, 1994

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

Settlement Date (Original Issue Date):  August 24, 1994

If Specified Currency is other than US  dollars,
equivalent amount in US dollars:  N/A

Maturity Date: August 23, 1996

Agent's Discount or Commission:  0.038%

Price to Public (Issue Price):  100.000%

Net Proceeds to Issuer (in Specified Currency):  US$49,981,000

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

  Spread (Plus or Minus):  0.00       Spread Multiplier:  N/A

  Index Maturity:  Three Month
  Index Currency: US Dollars

  Maximum Interest Rate:  N/A
  Minimum Interest Rate:  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. 1976 
                       Dated August 19, 1994
                       Rule 424(b)(3)-Registration Statement
                                No. 33-50909
                       Rule 424(b)(3)-Registration Statement
                                No. 33-54009           




  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    __ Semi-Annual  X  Quarterly   __ Monthly

  Interest Payment Dates if other than as set forth in the
  Prospectus Supplement:  Each November 24, February 24, May 24
       and August 24, commencing November 24, 1994 and on the
       Maturity Date.

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

  X  DTC registered        __ non-DTC registered

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


                      (Floating Rate Notes)
                                                       Page 3
                       Pricing Supplement No. 1976 
                       Dated August 19, 1994
                       Rule 424(b)(3)-Registration Statement
                                No. 33-50909
                       Rule 424(b)(3)-Registration Statement
                                No. 33-54009           




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:

  The Credit Suisse Financial Products will act as the Calculation
Agent for the Notes.

Plan of Distribution:

  CS First Boston Corporation (the "Underwriter") is acting as
  principal in connection with the distribution of the Notes and
  is purchasing the Notes from the Company at 100% of their
  aggregate principal amount less an underwriting discount equal
  to 0.038%. The Company has agreed to indemnify the Underwriter
  against, and contribute toward, certain liabilities, including
  liability under the Securities Act of 1933, as amended.