PROSPECTUS                 Pricing Supplement No. 3039
Dated January 10, 1995     Dated October 16, 1997
PROSPECTUS SUPPLEMENT      Rule 424(b)(3)-Registration Statement
Dated January 25, 1995     No. 33-60723

              GENERAL ELECTRIC CAPITAL CORPORATION
               GLOBAL MEDIUM-TERM NOTES, SERIES A
                 (Redeemable Fixed Rate Notes)
Trade Date:  October 16, 1997

Settlement Date (Original Issue Date):  October 21, 1997

Maturity Date:  October 22, 2012  (subject to earlier redemption,
             as set forth under "Additional Terms-Redemption")

Principal Amount (in Specified Currency): US$20,000,000

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:  US$20,000,000

Interest Rate Per Annum:  7.00%

Interest Payment Date(s):

  ___  March 15 and September 15 of each year
   X   Other:  Semi-annually on April 22 and  October
            22,  commencing  on April 22, 1998 (with  respect  to
            the  period  from and including October 21,  1997  to
            but excluding April 22, 1998)
Form of Notes:

  X  DTC registered        ___  non-DTC registered

Repayment, Redemption and Acceleration

Initial Redemption Date:  October 22, 1998, and thereafter on the
  22nd  day  of  each  month (See  "Additional Terms--Redemption"
  below)
Initial Redemption Percentage:  100%
Optional Repayment Date:  Not applicable ("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. 3039
                      Dated October 16, 1997
                      Rule 424(b)(3)-Registration Statement
                      No. 33-60723

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

Additional Terms:

  Interest.

  Interest  on  the Notes will accrue from and including  October
  21,  1997 and will be payable in U.S. dollars semi-annually  on
  April  22  and  October 22 of each year, commencing  April  22,
  1998  (with  respect to the period from and  including  October
  21,  1997  to but excluding April 22, 1998) 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.

  Optional Redemption.

  The  Company  may at its option elect to redeem  the  Notes  in
  whole  on  October  22,  1998 or on  the  22nd  of  each  month
  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.
              (Fixed Rate Notes)
                           Page 3
                      Pricing Supplement No. 3039
                      Dated June 12, 1997
                      Rule 424(b)(3)-Registration Statement
                      No. 33-60723

   Certain Covenants of the Company.

   As  of August 1, 1996, the Company entered into a supplemental
   indenture   with  The  Chase  Manhattan  Bank,   as   trustee,
   eliminating  the  covenants of the Company  described  in  the
   Prospectus  under  the  caption  "Certain  Covenants  of   the
   Company".   Consequently, the information under  such  caption
   is not applicable to the Notes.

Additional Information:

   General.

   At  June  28,  1997, the Company had outstanding  indebtedness
   totalling  $121.845  billion,  consisting  of  notes   payable
   within  one  year,  senior notes payable after  one  year  and
   subordinated  notes payable after one year.  The total  amount
   of   outstanding  indebtedness  at  June  28,  1997  excluding
   subordinated  notes  payable  after  one  year  was  equal  to
   $121.148 billion.

   Consolidated Ratio of Earning to Fixed Charges.

   The  information contained in the Prospectus under the caption
   "Consolidated  Ratio of Earnings to Fixed Charges"  is  hereby
   amended in its entirety, as follows:

           Year Ended December 31, Six Months Ended
     1992  1993  1994  1995 1996   June 28, 1997
     1.44  1.62  1.63  1.51 1.53   1.55

   For  purposes of computing the consolidated ratio of  earnings
   to  fixed  charges, earnings consist of net earnings  adjusted
   for  the  provision  for income taxes, minority  interest  and
   fixed   charges.   Fixed  charges  consist  of  interest   and
   discount  on all indebtedness and one-third of rentals,  which
   the  Company  believes  is a reasonable approximation  of  the
   interest factor of such rentals.

   Documents Incorporated by Reference.

   The  information  contained in the  Prospectus  in  the  first
   paragraph  of  text under the caption "Documents  Incorporated
   by  Reference" is hereby amended in its entirety, as  follows:
   There  is  hereby incorporated in the Prospectus by  reference
   the  Company's Annual Report on Form 10-K for the  year  ended
   December  31,  1996,  and the Company's Quarterly  Reports  on
   Form  10-Q for the quarters ended March 29, 1997 and June  28,
   1997   heretofore  filed  with  the  Securities  and  Exchange
   Commission  pursuant  to the 1934 Act to  which  reference  is
   hereby made.
             (Fixed Rate Notes)
                           Page 4
                      Pricing Supplement No. 3039
                      Dated October 16, 1997
                      Rule 424(b)(3)-Registration Statement
                      No. 33-60723

Plan of Distribution:

  The  Notes are being purchased by Bear, Stearns & Co. Inc. (the
  "Underwriter"), as principal, at the Issue Price of 100.00%  of
  the  aggregate principal amount.  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
  certain   liabilities,   including   liabilities   under    the
  Securities Act of 1933, as amended.