PROSPECTUS                 Pricing Supplement No. 2318 
Dated January 10, 1995     Dated April 25, 1995
PROSPECTUS SUPPLEMENT      Rule 424(b)(3)-Registration Statement
                                 No. 33-55209
Dated January 25, 1995

              GENERAL ELECTRIC CAPITAL CORPORATION
               GLOBAL MEDIUM-TERM NOTES, SERIES A
                      (Floating Rate Notes)

Trade Date:  April 25, 1995  

Settlement Date (Original Issue Date):  May 2, 1995 

Maturity Date:  May 2, 1997

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

Price to Public (Issue Price):  100.000%  

Agent's Discount or Commission:  0.0350%

Net Proceeds to Issuer (in Specified Currency):  US$99,965,000  

Interest Rate:
  Interest Calculation:
  X  Regular Floating Rate  
  __ Inverse Floating Rate
  __ Other Floating Rate

  Interest Rate Basis:
  __ CD Rate   __ Commercial Paper Rate   __ Federal Funds Rate
  X  LIBOR   __ Prime Rate  __ Treasury Rate   __ Other

  Spread (Plus or Minus):  minus -0.020%
  Spread Multiplier:  N/A

  Index Maturity:  3 Months
  Index Currency:  US Dollar 

  Maximum Interest Rate:  N/A
  Minimum Interest Rate:  N/A

  Interest Payment Period:  Quarterly  

  Interest Payment Dates:  Each August 2, November 2, February 2
  and May 2, commencing August 2, 1995

  Initial Interest Rate Per Annum:  To be determined two Business
  Day prior to the Original Issue Date based upon LIBOR minus the
  Spread.  


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.

                      (Floating Rate Notes)
                                                       Page 2
                       Pricing Supplement No. 2318
                       Dated April 25, 1995
                       Rule 424(b)(3)-Registration Statement 
                                No. 33-55209

  Interest Reset Periods and Dates:  Quarterly

  Interest Determination Dates:  Two London Business Days prior to
  each Interest Reset Date

Form of Notes:

  X  DTC registered
  __ non-DTC registered

Repayment, Redemption and Acceleration:

  Optional Repayment Date:  N/A
  Annual Redemption Percentage Reduction:  N/A
  Initial Redemption Date:  N/A
  Initial Redemption Percentage:  N/A

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
  Optional Payment Currency:  N/A
  Designated Exchange Rate:  N/A

Indexed Notes:

  Currency Base Rate:  N/A

Plan of Distribution:

  The Notes are being purchased by J.P. Morgan Securities Inc.
  (the "Underwriter"), as principal, at the Public Offering Price
  set forth on the cover page hereof less an underwriting discount
  equal to 0.0350%.

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