PROSPECTUS             Pricing Supplement No. 2029
Dated April 1, 1994    Dated November 2, 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 X    B __   C __           Trade Date:  November 2, 1994

Principal Amount (in Specified Currency):  US$100,000,000

Settlement Date (Original Issue Date):  November 9, 1994

If principal amount is stated in other than U.S. dollars,
equivalent amount in U.S. dollars:  N/A

Maturity Date: November 9, 2001

Agent's Discount or Commission: .4000%

Price to Public (Issue Price): 99.8690%

Net Proceeds to Issuer: US$99,469,000

Interest:

  Interest Rate Per Annum:  8.125%

  Interest Payment Date(s):
  __  Annual:  
  X   Other:   Payments to be made on May 9 and November 9 of each
            year commencing on May 9, 1995

Repayment, Redemption and Acceleration

  Optional Repayment Date(s):  N/A
  Annual Redemption Percentage Reduction:  N/A
  Initial Redemption Date:  N/A
  Modified Payment Upon Acceleration: N/A
  Initial Redemption Percentage:  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.


                       (Fixed Rate Notes)
                                             Page 2
                       Pricing Supplement No. 2029
                       Dated November 2, 1994
                       Rule 424(b)(3)-Registration Statement
                              No. 33-54009
                       Rule 424(b)(3)-Registration Statement
                              No. 33-54011




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

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


Plan of Distribution:

  J.P. Morgan Securities Inc. (the "Underwriter") is acting as
  principal in connection with the distribution of the Notes and
  is purchasing the Notes from the Company at 99.8690% of their
  aggregate principal amount less an underwriting discount equal
  to .4000%. The Company has agreed to indemnify the Underwriter
  against, and contribute toward, certain liabilities, including
  liability under the Securities Act of 1933, as amended.