PROSPECTUS            Pricing Supplement No. 2012
Dated April 1, 1994   Dated October 19, 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
                       (Fixed Rate Notes)

Series:     A __   B X    C __       Trade Date:  October 19, 1994

Principal Amount (in Specified Currency):  ECU11,000,000

Settlement Date (Original Issue Date):October 21, 1994

If principal amount is stated in other than U.S. dollars,
equivalent amount in U.S. dollars:  US$13,957,900

Net Proceeds to Issuer:  ECU10,161,470
  (based on the exchange rate of ECU1=US$1.26890)

Agent's Discount or Commission:  0.00%

Maturity Date:  January 2, 1996

Price to Public (Issue Price):  92.3770%

Interest Rate Per Annum:  N/A (See "Original Issue Discount"
  below.)

Interest Payment Date(s):  N/A (See "Original Issue Discount"
   below.)

  Series A Notes:
  __  March 15 and September 15 of each year.
  __  Other: 

  Series B or C Notes:
  __  September 15 of each year
  __  Other:                                



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)
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                      Pricing Supplement No. 2012
                      Dated October 19, 1994
                      Rule 424(b)(3)-Registration Statement 
                           No. 33-54009
                      Rule 424(b)(3)-Registration Statement 
                           No. 33-54011



Original Issue Discount:

  The Notes are being offering to the public at an issue price of
92.3770% of the principal amount.  No interest payments will be
made to the holders of the Notes.  On the Maturity Date set forth
above, the Company will pay to the holders 100% of the principal
amount of the Notes.

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

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

Form and Denomination:

  The Notes will initially 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 depository for Morgan
Guaranty Trust Company of New York, brussels office, as operator of
the Euroclear System and Cedel, societe anonyme for credit to the
account designated by or on behalf of the purchasers thereof.  The
temporary global note will be exchangeable for a permanent global
note after the expiration of the Restricted Period, all as
described in the Prospectus Supplement under the heading
"DESCRIPTION OF NOTES--Forms, Denominations, Exchange and
Transfer".  The Notes will be available in minimum denomination of
ECU100,000 and integral multiples of ECU10,000 in excess thereof.



                       (Fixed Rate Notes)
                                             Page 3
                      Pricing Supplement No. 2012
                      Dated October 19, 1994
                      Rule 424(b)(3)-Registration Statement 
                           No. 33-54009
                      Rule 424(b)(3)-Registration Statement 
                           No. 33-54011



Plan of Distribution:

  Citibank International plc is acting as agent (the "Agent") in
connection with the distribution of the Notes pursuant to the terms
of an Agent Accession Letter dated October 19, 1994 executed under
the Company's Amended and Restated Euro Distribution Agreement
dated as of August 31, 1993.  The Notes are being offered to public
at the issue price of 92.3770% of their principal amount.