PROSPECTUS                 Pricing Supplement No. 2649
Dated January 10, 1995     Dated December 8, 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
                (Redeemable Step Up Coupon Notes)

Principal Amount:  US$25,000,000

Trade Date:  December 8, 1995

Settlement Date (Original Issue Date):December 14, 1995

Maturity Date:   December 14, 2010 (unless earlier redeemed as
described under "Additional Terms--Optional Redemption" below.)

Price to Public (Issue Price):  The Notes are being purchased by
the Underwriter at 100.00% of their principal amount and will be
sold at varying prices to be determined at the time of sale.  For
further information with respect to any discounts, commissions or
profits on resales of Notes that may be deemed underwriting
discounts or commissions, see "Plan of Distribution" below.

Agent's Discount or Commission:  The Notes will be sold at varying
prices to be determined by the Underwriter at the time of each
sale.

Net Proceeds to Issuer (in Specified Currency):  US$25,000,000

Interest:

  Interest Rate:  The Notes will pay interest at the rate of 6.55%
  per annum for the period from the Original Issue Date up to but
  excluding the Interest Payment Date scheduled to occur on
  December 14, 1996; thereafter, the interest rate on the Notes
  will reset annually on each December 14 in accordance with the
  schedule set forth under "Additional Terms--Interest" below. 

  Interest Payment Period:
  __ Annual    X  Semi-Annual   __ Monthly   __ Quarterly

  Interest Payment Dates:  June 14 and December 14 of each year,
  commencing June 14, 1996, up to and including the Maturity Date
  unless earlier redeemed.  See "Additional Terms--Interest"
  below.


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

                                             Page 2
                       Pricing Supplement No. 2649 
                       Dated December 8, 1995
                       Rule 424(b)(3)-Registration Statement 
                                No. 33-55209



Repayment, Redemption and Acceleration:

  Initial Redemption Date:  December 14, 1996 (See  "Additional  
  Terms--Redemption" below)
  Initial Redemption Percentage:  100%
  Optional Repayment Date:  Not applicable ("N/A")

POTENTIAL PURCHASERS OF THE NOTES ARE URGED TO READ THIS PRICING
SUPPLEMENT THOROUGHLY TOGETHER WITH THE ACCOMPANYING PROSPECTUS
DATED JANUARY 10, 1995 AND PROSPECTUS SUPPLEMENT DATED JANUARY 25,
1995. SEE "CERTAIN INVESTMENT CONSIDERATIONS" HEREIN. 

Form of Notes:

  X  DTC registered
  __ non-DTC registered

  The Notes will be available in denominations of $1,000 and
  increments of $1,000 in excess thereof.

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

Indexed Notes:

  Currency Base Rate:  N/A


                                             Page 3
                       Pricing Supplement No. 2649 
                       Dated December 8, 1995
                       Rule 424(b)(3)-Registration Statement 
                                No. 33-55209



Additional Terms:

  Interest.  

  Interest on the Notes will accrue from December 14, 1995 and
  will be payable in U.S. dollars semi-annually on June 14 and
  December 14 of each year, commencing June 14, 1996 up to and
  including the Maturity Date or date of earlier redemption (each,
  an "Interest Payment Date").  Interest will accrue from and
  including each Interest Payment Date to but excluding the next
  succeeding Interest Payment Date.  In the event an Interest
  Payment Date falls on a day other than a Business Day, interest
  will be paid on the next succeeding Business Day and no interest
  on such payment shall accrue for the period from and after such
  Interest Payment Date to such next succeeding Business Day.  The
  interest rate on the Notes will be equal to 6.55% per annum from
  and including the Original Issue Date up to but excluding
  December 14, 1996.  Thereafter, the interest rate will be
  subject to adjustment annually on each December 14 in accordance
  with the following schedule:

          Interest Period                    Interest Rate
                                             (per annum)

     December 14, 1996 to December 13, 1997      6.600%
     December 14, 1997 to December 13, 1998      6.650%
     December 14, 1998 to December 13, 1999      6.700%
     December 14, 1999 to December 13, 2000      6.750%
     December 14, 2000 to December 13, 2001      6.800%
     December 14, 2001 to December 13, 2002      6.850%
     December 14, 2002 to December 13, 2003      6.900%
     December 14, 2003 to December 13, 2004      6.950%
     December 14, 2004 to December 13, 2005      7.050%
     December 14, 2005 to December 13, 2006      7.150%
     December 14, 2006 to December 13, 2007      7.300%
     December 14, 2007 to December 13, 2008      7.500%
     December 14, 2008 to December 13, 2009      8.000%
     December 14, 2009 to December 13, 2010      9.000%


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                       Pricing Supplement No. 2649 
                       Dated December 8, 1995
                       Rule 424(b)(3)-Registration Statement 
                                No. 33-55209



  Optional Redemption.

  The Company may at its option elect to redeem the Notes in whole
  on December 14, 1996 or on any Interest Payment Date thereafter
  (each such date, an "Optional Redemption Date") at 100% of their
  principal amount plus accrued interest to but excluding the date
  of redemption (the "Redemption Date").  In the event the Company
  elects to redeem the Notes, notice will be given to registered
  holders not more than 60 nor less than 30 days prior to the
  Redemption Date.

Certain Investment Considerations:

  Prospective purchasers of the Notes should be aware that the
  Notes will pay interest at different fixed rates each year
  through the Maturity Date unless earlier redeemed by the
  Company.  Prospective purchasers should also be aware that the
  Company has the option to redeem the Notes on any Optional
  Redemption Date and will be likely to elect to redeem the Notes
  in the event prevailing market interest rates are lower than the
  then-current interest rate on the Notes.    

Plan of Distribution:

  The Notes are being purchased by Lehman Brothers Inc.
  (hereinafter referred to as the "Underwriter") as principal at
  a purchase price of 100% of the aggregate principal amount of
  the Notes.

  The Underwriter has advised the Company that the Underwriter
  proposes to offer the Notes from time to time for sale in
  negotiated transactions or otherwise, at prices determined at
  the time of sale.

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