PROSPECTUS                 Pricing Supplement No. 2009
Dated April 1, 1994        Dated October 6, 1994
PROSPECTUS SUPPLEMENT      Rule 424(b)(3)-Registration Statement
                                No. 33-54009
Dated April 1, 1994        Rule 424(b)(3)-Registration Statement
                                No. 33-54011


              GENERAL ELECTRIC CAPITAL CORPORATION
                    GLOBAL MEDIUM-TERM NOTES
                (Redeemable Step Up Coupon Notes)

Series:  A X    B __   C __

Principal Amount:  US$25,000,000

Trade Date:  October 6, 1994

Settlement Date (Original Issue Date):October 31, 1994

Maturity Date:  October 31, 2006 (unless earlier redeemed as
       described under "Additional Terms--Optional Redemption"
       below).

Price to Public (Issue Price):  The Notes will be sold at varying
       prices to be determined by the Underwriter at the time of
       each sale.  See "Plan of Distribution" below.

Agent's Discount or Commission:  The Notes are being purchased by
       the Underwriter at 100% of their principal amount and will
       be sold at varying prices to be determined at the time of
       sale.  For further information with respect to the plan of
       distribution and any discounts, commissions or profits on
       resales of Notes that may be deemed underwriting discounts
       or commissions, see "Plan of Distribution" below.

Net Proceeds to Issuer (in Specified Currency):  US$25,000,000




POTENTIAL PURCHASERS OF THE NOTES ARE URGED TO READ THIS PRICING
SUPPLEMENT THOROUGHLY TOGETHER WITH THE ACCOMPANYING PROSPECTUS AND
PROSPECTUS SUPPLEMENT EACH DATED APRIL 1, 1994. SEE "CERTAIN
INVESTMENT CONSIDERATIONS" HEREIN. 

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.


                (Redeemable Step Up Coupon Notes)
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                                No. 33-54009
                       Rule 424(b)(3)-Registration Statement 
                                No. 33-54011



Interest:

  Interest Rate:  The Notes will pay interest at the rate of 8.00%
       for the period from the original issue date up to but
       excluding the fourth semi-annual Interest Payment Date
       scheduled to occur on October 31, 1996; thereafter, the
       interest rate on the Notes will reset annually on each
       October 31 in accordance with the schedule set forth under
       "Additional Terms--Interest" below. 

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

  Interest Payment Dates:  Each October 31 and April 30, commencing
       on April 30, 1995 up to and including the Maturity Date
       unless earlier redeemed.  See "Additional Terms--Interest"
       below.

Repayment, Redemption and Acceleration:

  Optional Repayment Date:  Not applicable ("N/A")
  Initial Redemption Date:  October 31, 1996 (See  "Additional
       Terms--Redemption" below)
  Initial Redemption Percentage:  100%

Form of Notes:
  X  DTC registered        __ non-DTC registered

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


                (Redeemable Step Up Coupon Notes)
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                       Pricing Supplement No. 2009
                       Dated October 6, 1994
                       Rule 424(b)(3)-Registration Statement
                                No. 33-54009
                       Rule 424(b)(3)-Registration Statement 
                                No. 33-54011




Indexed Notes:

  Currency Base Rate:  N/A

Additional Terms:

  Interest.  

  Interest on the Notes will accrue from October 31, 1994 and will
  be payable in U.S. dollars semiannually on each October 31 and
  April 30, commencing April 30, 1995 up to and including the
  Maturity Date or date of earlier redemption (each, an "Interest
  Payment Date").  Interest will accrue from and including each
  Interest Payment Date to but excluding the next succeeding
  Interest Payment Date.  In the event an Interest Payment Date
  falls on a day other than a Business Day, interest will be paid
  on the next succeeding Business Day and no interest on such
  payment shall accrue for the period from and after such Interest
  Payment Date to such next succeeding Business Day.  The interest
  rate on the Notes will be equal to 8.000% per annum from and
  including the Original Issue Date up to but excluding October
  31, 1996.  Thereafter, the interest rate will be subject to
  adjustment annually on each October 31 in accordance with the
  following schedule:

                 Interest Period                Interest Rate

     October 31, 1996 to October 30, 1997      8.125% per annum
     October 31, 1997 to October 30, 1998      8.250% per annum
     October 31, 1998 to October 30, 1999      8.375% per annum
     October 31, 1999 to October 30, 2000      8.500% per annum
     October 31, 2000 to October 30, 2001      8.625% per annum
     October 31, 2001 to October 30, 2002      8.750% per annum
     October 31, 2002 to October 30, 2003      9.000% per annum
     October 31, 2003 to October 30, 2004     10.000% per annum
     October 31, 2004 to October 30, 2005     11.000% per annum
     October 31, 2005 to October 30, 2006     12.000% per annum

  The amount of interest payable on each Interest Payment Date
  will be computed on the basis of a 360 day year consisting of
  twelve (12) thirty (30) day months.


                (Redeemable Step Up Coupon Notes)
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                       Rule 424(b)(3)-Registration Statement 
                                No. 33-54011



  Optional Redemption.

  The Company may at its option elect to redeem the Notes, in
  whole or in part, on October 31, 1996 or on any Interest Payment
  Date thereafter (each such date, an "Optional Redemption Date")
  at 100% of their principal amount plus accrued interest to but
  excluding the date of redemption (the "Redemption Date").  In
  the event the Company elects to redeem the Notes, notice will be
  given to registered holders not more than 60 nor less than 30
  days prior to the Redemption Date.  

Certain Investment Considerations:

  Prospective purchasers of the Notes should be aware that the
  Notes will pay interest at different fixed rates each year
  through the Maturity Date unless earlier redeemed by the
  Company.  Prospective purchasers should also be aware that the
  Company has the option to redeem the Notes on any Optional
  Redemption Date and will be likely to elect to redeem the Notes
  in the event prevailing market interest rates are lower than the
  then-current interest rate on the Notes.    

Plan of Distribution:

  The Notes are being purchased by Salomon Brothers Inc
  (hereinafter referred to as the "Underwriter") as principal at
  a purchase price of 100% of the aggregate principal amount of
  the Notes.  The net proceeds to the Corporation will be 100% of
  the principal amount of the Notes.

  The Underwriter has advised the Company that the Underwriter
  proposed to offer the Notes from time to time for sale in
  negotiated transactions or otherwise, at prices determined at
  the time of sale.  The Underwriter may effect such transactions
  by selling Notes to or through dealers and such dealers may
  receive compensation in the form of underwriting discounts,
  concessions or commissions from the Underwriter and any
  purchasers of Notes (which may include other dealers) for whom
  they may act as agent.  The Underwriter and any dealers that
  participate with the Underwriter or other dealers in the
  distribution of the Notes may be deemed to be underwriters, and
  any discounts or commission received by them and any profit on
  the resale of Notes by them may be deemed to be underwriting
  compensation. 

  The Company has agreed to indemnify the Underwriter against and
  contribute toward certain liabilities, including liability under
  the Securities Act of 1933, as amended.