PROSPECTUS                 Pricing Supplement No. 2480
Dated January 10, 1995     Dated August 24, 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
                       (Fixed Rate Notes)


Trade Date:  August 24, 1995

Settlement Date (Original Issue Date):  August 29, 1995

Maturity Date:  August 29, 1997

Principal Amount (in Specified Currency): US$8,000,000

Price to Public (Issue Price): 100.00%

Agent's Discount or Commission: 0.175%

Net Proceeds to Issuer:  US$7,986,000

Interest Rate Per Annum:  6.13%

Interest Payment Date(s):

  X    March 15 and September 15 of each year, commencing
       September 15, 1995 (with respect to the period from the
       original issue date to but excluding September 15, 1995)
       and on the Maturity Date
  __   Other

Form of Notes:

  X    DTC registered
  __   non-DTC registered

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


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. 2480
                       Dated August 24, 1995
                       Rule 424(b)(3)-Registration Statement 
                           No. 33-55209



Original Issue Discount:

  Amount of OID:  N/A
  Yield to Maturity:  N/A
  Interest Accrual Date:  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
  Option Value Calculation Agent:  N/A
  Option Election Date(s):  N/A

Indexed Notes:

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

Plan of Distribution:

  The Notes are being purchased by Morgan Stanley & Co.
  Incorporated (the "Underwriter"), as principal, at 100% of the
  aggregate principal amount less an underwriting discount equal
  to 0.175%.

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