PROSPECTUS                 Pricing Supplement No.   3308
Dated January 10, 1995     Dated February 8, 1999
PROSPECTUS SUPPLEMENT      Rule 424(b)(3)-Registration Statement
Dated January 25, 1995     No. 333-59707

              GENERAL ELECTRIC CAPITAL CORPORATION
               GLOBAL MEDIUM-TERM NOTES, SERIES A
               (Redeemable Step Up Coupon Notes)

Trade Date:                   February 8, 1999

Settlement Date (Original Issue Date):       February 11,  1999

Maturity  Date: February  11,  2014  (unless earlier redeemed as
 described under "Additional Terms-Optional  Redemption" below).

Principal Amount
(in Specified Currency):                USD20,000,000

Price to Public (Issue Price):          100.00%

Agent's Discount or Commission:     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.

Net Proceeds to Issuer:                 USD20,000,000

Interest Rate:                            The   Notes  will   pay
                         interest at the rate of  6.0% per  annum
                         for  the period from the Original  Issue
                         Date  up  to but excluding the  Interest
                         Payment  Date  scheduled  to  occur   on
                         August   11,   1999;   thereafter,   the
                         interest  rate on the Notes  will  reset
                         semi-annually  on  each  August  11  and
                         February  11,  in  accordance  with  the
                         schedule  set  forth  under  "Additional
                         Terms-Interest" below.

Interest Payment Period:           Semi Annually

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.

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                           Pricing Supplement No.    3308
                           Dated February 8, 1999
                           Rule 424(b)(3)-Registration Statement
                           No. 333-59707

Interest Payment Date(s):

       X     August  11  and February 11 of each year  commencing
       August  11,  1999  (with respect to the  period  from  and
       including  February 11, 1999 to but excluding  August  11,
       1999)  and  on  the  Maturity Date (with  respect  to  the
       period   from  and  including  August  11,  2013  to   but
       excluding  February  11, 2014), unless  earlier  redeemed.
       See "Additional Terms-Interest" below.

Form of Notes:

  X  DTC registered        ___ non-DTC registered

Repayment, Redemption and Acceleration

    Initial  Redemption  Date: February  11,  2000
                        (See "Additional terms-Redemption" below)

  Initial Redemption Percentage:   100.00%

  Optional Repayment Date(s):      N/A

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

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                           Pricing Supplement No.    3308
                           Dated February 8, 1999
                           Rule 424(b)(3)-Registration Statement
                           No. 333-59707
Additional Terms:

     Interest:

Interest on the Notes will accrue from February 11, 1999 and will
be  payable  in  U.S.  Dollars semi-annually  on  August  11  and
February  11  of each year, commencing on August 11,  1999  (with
respect to the period from and including February 11, 1999 to but
excluding August 11, 1999) and on the Maturity Date (with respect
to the period from and including August 11, 2013 to but excluding
February  11,  2014),  or date or 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 6.0% per annum  from
and  including the Original Issue Date up to but excluding August
11,  1999.   Thereafter  the interest rate  will  be  subject  to
adjustment annually on August 11 in accordance with the following
schedule:

     Interest Period:                             Interest Rate:

     August 11, 1999 to August 10, 2000           6.00% per annum
     August 11, 2000 to August 10, 2001           6.05% per annum
     August 11, 2001 to August 10, 2002           6.10% per annum
     August 11, 2002 to August 10, 2003           6.15% per annum
     August 11, 2003 to August 10, 2004           6.20% per annum
     August 11, 2004 to August 10, 2005           6.25% per annum
     August 11, 2005 to August 10, 2006           6.30% per annum
     August 11, 2006 to August 10, 2007           6.35% per annum
     August 11, 2007 to August 10, 2008           6.40% per annum
     August 11, 2008 to August 10, 2009           6.45% per annum
     August 11, 2009 to August 10, 2010           6.50% per annum
     August 11, 2010 to August 10, 2011           6.55% per annum
     August 11, 2011 to August 10, 2012           6.75% per annum
     August 11, 2012 to August 10, 2013           7.00% per annum
     August 11, 2013 to February 11, 2014         8.00% per annum

     Optional Redemption:

      The Company may at its option elect to redeem the Notes  in
whole  on  February  11,  2000 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 any
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.


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                           Pricing Supplement No.    3308
                           Dated February 8, 1999
                           Rule 424(b)(3)-Registration Statement
                          No. 333-59707

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.


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.


Additional Information:

   General.

  At   September   26,   1998,   the  Company   had   outstanding
  indebtedness  totalling $154.431 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  September  26,  1998
  excluding  subordinated notes payable after one year was  equal
  to $153.734 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,
                                              Nine Months Ended
           1993   1994  1995  1996  1997     September 26, 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.
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                           Pricing Supplement No.    3308
                           Dated February 8, 1999
                           Rule 424(b)(3)-Registration Statement
                           No. 333-59707


   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 Reports on  Form
   10-Q for the quarters ended March 28, 1998, June 27, 1998  and
   September  26, 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.


Plan of Distribution:

  The  Notes  are  being purchased by Salomon Smith  Barney  (the
  "Underwriter"), as principal, at the Issue Price  of   100%  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 negotiates  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.