Exhibit 23 (ii)

To the Board of Directors
General Electric Capital Corporation:

We consent to incorporation  by reference in the  Registration  Statements (Nos.
33-43420,  333-22265,  333-59977, and 333-66560) on Form S-3 of General Electric
Capital  Corporation,  and in the Registration  Statement (No. 33-39596) on Form
S-3 jointly filed by General Electric  Capital  Corporation and General Electric
Company,  of our report  dated  February 8, 2002,  relating to the  statement of
financial  position of General  Electric  Capital  Corporation and  consolidated
affiliates  as of December  31, 2001 and 2000,  and the  related  statements  of
earnings,  changes in share owners'  equity and cash flows for each of the years
in the  three-year  period ended  December 31, 2001,  and the related  schedule,
which  report  appears in the  December  31, 2001 annual  report on Form 10-K of
General Electric Capital Corporation.



/s/ KPMG LLP

Stamford, Connecticut
March 8, 2002