PROSPECTUS             Pricing Supplement No. 2074
Dated April 1, 1994    Dated December 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
                       (Fixed Rate Notes)

Series:  A __   B X    C __        Trade Date:  December 6, 1994

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

Settlement Date (Original Issue Date): January 17, 1995

If Specified Currency is other than U.S. dollars,
equivalent amount in U.S. dollars:  US$77,071,290.94
  (*) Based on the Exchange Rate of A$1.2975 per US$1.00

Maturity Date: January 17, 1997

Agent's Discount or Commission:  1.25%

Price to Public (Issue Price):  101.00%

Net Proceeds to Issuer (in Specified Currency):  A$99,710,000

Interest Rate:

  Interest Rate Per Annum:  10.0%
  Interest Payment Period:  X  Annual    __ Semi-Annual
  __ Monthly    __ Quarterly

  Interest Payment Dates if other than as set forth in the
  Prospectus Supplement:  January 17 of each year, commencing  
       January 17, 1996

Repayment, Redemption and Acceleration:

  Optional Repayment Date: 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)
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                       Pricing Supplement No. 2074
                       Dated December 6, 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

Dual Currency Notes:

  Face Amount Currency:  N/A
  Option Value Calculation Agent: N/A
  Optional Payment Currency:  N/A
  Option Election Date(s):  N/A
  Designated Exchange Rate:  N/A

Indexed Notes:

  Currency Base Rate:  N/A
  Determination Agent:  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 depositary 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 on the purchasers
  thereof.  The temporary global note will be exchangeable for
  definitive bearer notes 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 denominations of
  A$1,000, A$10,000 and A$100,000.


                       (Fixed Rate Notes)
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                       Pricing Supplement No. 2074
                       Dated December 6, 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 purchased by the following financial
  institutions in the respective amounts set forth below pursuant
  to the Amended and Restated Euro Distribution Agreement dated as
  of August 31, 1993 (the "Amended and Restated Euro Distribution
  Agreement") and a Terms Agreement with respect to the Notes:

          Financial Institution                  Amount of Notes  
                                               (Australian Dollars)

  Hambros Bank Limited                                 57,000,000
  ABN AMRO Bank N.V.                                    2,000,000
  Banque Bruxelles Lambert S.A.                         2,000,000
  Barclays de Zoete Wedd Limited                        2,000,000
  Generale Bank                                         2,000,000
  Morgan Stanley & Co. International Limited            2,000,000
  ScotiaMcLeod Inc.                                     2,000,000
  Swiss Bank Corporation                                2,000,000
  ASLK-CGER BANK nv sa                                  1,000,000
  BACOB s.c.                                            1,000,000
  Banque de Luxembourg S.A.                             1,000,000
  Banque et Caisse d'Epargne de l'Etat, Luxembourg      1,000,000
  Banque Generale du Luxembourg Societe Anonyme         1,000,000
  Banque Internationale a Luxembourg S.A.               1,000,000
  Bayerische Landesbank Girozentrale                    1,000,000
  Bayerische Vereinsbank Aktiengesellschaft             1,000,000
  Commerzbank Aktiengesellschaft                        1,000,000
  Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A.  1,000,000
  Commonwealth Bank of Australia                        1,000,000
  Credit Communal de Belgique S.A.                      1,000,000
  DG BANK Deutsche Genossenschaftsbank                  1,000,000
  DKB International plc                                 1,000,000
  Dresdner Bank Aktiengesellschaft                      1,000,000

                       (Fixed Rate Notes)
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                       Pricing Supplement No. 2074
                       Dated December 6, 1994
                       Rule 424(b)(3)-Registration Statement
                              No. 33-54009             
                       Rule 424(b)(3)-Registration Statement 
                              No. 33-54011



          Financial Institution                  Amount of Notes  
                                               (Australian Dollars)

  Fuji International Finance PLC                        1,000,000
  Hamburgische Landesbank - Girozentrale -              1,000,000
  IMI Bank (Lux) S.A.                                   1,000,000
  Internationale Nederlanden Bank N.V.                  1,000,000
  Kidder, Peabody International PLC                     1,000,000
  Kredietbank S.A. Luxembourgeoise                      1,000,000
  Macquarie Bank Limited                                1,000,000
  Midland Bank plc                                      1,000,000
  Natwest Capital Markets Limited                       1,000,000
  Nykredit Bank A/S                                     1,000,000
  SGZ Sudwestdeutsche Genossenschafts-Zentralbank AG    1,000,000
  Sumitomo Finance International plc                    1,000,000
  Vereins- Und Westbank Aktiengesellschaft              1,000,000
  Westdeutsche Landesbank Girozentrale                  1,000,000

  Total                                               100,000,000

  "Business Day" means any day other than a Saturday or Sunday or
  any other day on which banking institutions are generally
  authorized or obligated by law or regulation to close in New
  York, New York, London, England or Sydney, Australia.

  In connection with this issue, Hambros Bank Limited may over-
  allot or effect transactions which stabilize or maintain the
  market price of the Notes at a level which might not otherwise
  prevail.  Such stabilizing, if commenced, may be discontinued at
  any time.



                       (Fixed Rate Notes)
                                                           Page 5
                       Pricing Supplement No. 2074
                       Dated December 6, 1994
                       Rule 424(b)(3)-Registration Statement
                              No. 33-54009             
                       Rule 424(b)(3)-Registration Statement 
                              No. 33-54011




  The above-listed financial institutions are hereinafter referred
  to as the "Managers."  To the extent that any of the Managers
  are not Agents under the Amended and Restated Euro Distribution
  Agreement, the Company has appointed such non-Agent Managers as
  Agent thereunder for this transaction.  The Company has agreed
  to indemnify the Managers against and contribute toward certain
  liabilities, including liabilities under the Securities Act of
  1933, as amended.

  The combined management and underwriting commission payable by
  the Company to the Agents with respect to the respective
  purchases of the Notes is 0.25% of the principal amount of the
  Notes.  The purchase price payable to the Company by the Agents
  will also be reduced by a selling concession of 1.00% of the
  principal amount of the Notes.

  The Notes may not be offered or sold in Australia or to or for
  the account of residents thereof in contravention of applicable
  securities laws.