PROSPECTUS                 Pricing Supplement No. 3134
Dated January 10, 1995     Dated May 19, 1998
PROSPECTUS SUPPLEMENT      Rule 424(b)(3)-Registration  Statement
                           No. 33-60723
Dated January 25, 1995
              GENERAL ELECTRIC CAPITAL CORPORATION
               GLOBAL MEDIUM-TERM NOTES, SERIES A
                 (Redeemable Fixed Rate Notes)
Trade Date:  May 19, 1998

Settlement Date (Original Issue Date):  May 22, 1998

Maturity Date:   May 22, 2013  (subject to earlier redemption, as
             set forth under "Additional Terms-Redemption")

Principal Amount (in Specified Currency): US$10,000,000

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 any Notes sold  with
                         more   than  a  de  minimis  amount   of
                         original  issue  discount,  see  "United
                         States   Tax  Considerations"   in   the
                         accompanying Prospectus Supplement.  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$10,000,000

Interest Rate Per Annum:  6.40%

Interest Payment Date(s):
  ___  March 15 and September 15 of each year
  X Other:  Monthly  on the 22nd day  of  each  month,
            commencing  on  June 22, 1998 (each period  from  and
            including  an  Interest Payment Date or the  Original
            Issue Date, as the case may be, to but excluding  the
            next succeeding Interest Payment Date is referred  to
            herein as an "Interest Period")
Form of Notes:
    X  DTC registered                ____  non-DTC registered

Repayment, Redemption and Acceleration
Initial Redemption Date:       May  22,  1999, and thereafter  on
                               any  Interest  Payment  Date  (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. 3134
                      Dated May 19, 1998
                      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.

  Accrued  interest on the Notes for each Interest  Period  shall
  be  calculated  and paid based on the number of  days  in  such
  Period divided by 360 (the number of days in such Period to  be
  calculated  on  the basis of a year of 360 days  consisting  of
  twelve  30-day  months).  As a result, the  amount  payable  on
  each  Interest  Payment Date will remain constant  irrespective
  of  the  actual  number  of days that have  elapsed  since  the
  preceding Interest Payment Date.

  Optional Redemption.

  The  Company  may at its option elect to redeem  the  Notes  in
  whole  on  May  22,  1999  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.
                (Fixed Rate Notes)
                           Page 3
                      Pricing Supplement No. 3134
                      Dated May 19, 1998
                      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  (the
  "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.  As of February  27,  1997,  the
  Company  entered  into a Third Amended and  Restated  Indenture
  with  the  Trustee.  References in the accompanying  Prospectus
  Supplement  and Prospectus to "Indenture" shall be  amended  to
  refer to such Third Amended and Restated Indenture

Additional Information:

  General

  At  March  28,  1998, the Company had outstanding  indebtedness
  totalling $138.313 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  March 28, 1998 excluding  subordinated  notes
  payable after one year was equal to $137.616 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, Three Months Ended
     1993  1994  1995  1996 1997   March 28,1998
     1.62  1.63  1.51  1.53 1.48   1.54

  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  are  hereby incorporated in the Prospectus by  reference
  the  Company's  Annual Report on Form 10-K for the  year  ended
  December 31, 1997, and the Company's Quarterly Report  on  Form
  10-Q  for  the  quarter ended March 28, 1998, heretofore  filed
  with  the  Securities and Exchange Commission pursuant  to  the
  Securities  Exchange  Act  of  1934,  as  amended,   to   which
  reference is hereby made.
               (Fixed Rate Notes)
                           Page 4
                      Pricing Supplement No. 3134
                      Dated May 19, 1998
                      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 to be 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.