Exhibit 12

GENERAL ELECTRIC CAPITAL CORPORATION AND CONSOLIDATED AFFILIATES

Computation of Ratio of Earnings to Fixed Charges
and
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
Nine Months Ended September 30, 2004

(Unaudited)

(Dollars in millions)	Ratio of Earnings to Fixed Charges				Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
Net earnings		$	5,479			$	5,479
Provision for income taxes			1,363				1,363
Minority interest in net earnings of consolidated affiliates			220				220
Earnings before provision for income taxes and minority interest			7,062				7,062
Fixed charges:
Interest			8,019				8,019
One-third of rentals			214				214
Total fixed charges			8,233				8,233
Less interest capitalized, net of amortization			(24	)			(24	)
Earnings before provision for income taxes and minority interest,      plus fixed charges		$	15,271			$	15,271
Ratio of earnings to fixed charges			1.85
Preferred stock dividend requirements						$	31
Ratio of earnings before provision for income taxes to net earnings							1.25
Preferred stock dividend factor on pre-tax basis							39
Fixed charges							8,233
Total fixed charges and preferred stock dividend requirements						$	8,272
Ratio of earnings to combined fixed charges and preferred stock dividends							1.85
For purposes of computing the ratios, we believe that fixed charges including interest on all indebtedness and one-third of rentals is a reasonable approximation of the interest factor of such rentals.