PROSPECTUS             Pricing Supplement No. 2020
Dated April 1, 1994    Dated October 21, 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 21, 1994

Principal Amount (in Specified Currency): CHF10,000,000

Settlement Date (Original Issue Date): October 28, 1994

If principal amount is stated in other than U.S. dollars,
equivalent amount in U.S. dollars: US$8,016,000(*)
  *  Based on the exchange rate of CHF1= US$.8016

Net Proceeds to Issuer:  CHF10,000,000

Agent's Discount or Commission:  0.000%

Maturity Date:  October 28, 1997

Price to Public (Issue Price): 100.00%

Interest:

  Interest Rate Per Annum:  5.375%

  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:  October 28 of each year, commencing October 28, 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. 2001
                       Dated October 21, 1994
                       Rule 424(b)(3)-Registration Statement 
                           No. 33-54009
                       Rule 424(b)(3)-Registration Statement 
                           No. 33-54011



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 minimum denominations
  of CHF50,000.   

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

Indexed Notes:

  Currency Base Rate:  N/A
  Determination Agent:  N/A

Additional Terms:

  References herein to "CHF" or "Swiss francs" are to the lawful
currency of Switzerland.


                       (Fixed Rate Notes)
                                             Page 3
                       Pricing Supplement No. 2001
                       Dated October 21, 1994
                       Rule 424(b)(3)-Registration Statement 
                           No. 33-54009
                       Rule 424(b)(3)-Registration Statement 
                           No. 33-54011




Plan of Distribution:

  The Notes are being distributed by Goldman Sachs & Co. Bank
  (Zurich), as agent (the "Swiss Agent"), at an issue price equal
  to 100% of the aggregate principal amount of the Notes.  The
  Swiss Agent is acting as an agent of the Company pursuant to the
  terms of an agent accession letter dated October 21, 1994
  executed under the Company's Amended and Restated Euro
  Distribution Agreement, dated August 31, 1993.