PROSPECTUS                    Pricing Supplement No. 1737
Dated July 12, 1993           Dated January 5, 1994

PROSPECTUS SUPPLEMENT         Rule 424(b)(3)-Registration
                              Statement No. 33-58506
Dated July 12, 1993           Rule 424(b)(3)-Registration
                              Statement No. 33-58508   


GENERAL ELECTRIC CAPITAL CORPORATION
                         GLOBAL MEDIUM-TERM NOTES
(Fixed Rate Notes)

Series:                       A ___   B _X_   C ___    

Trade Date:                   January 5, 1994

Principal Amount
(in Specified Currency):      ITL250,000,000,000
Settlement Date
(Original Issue Date):        February 8, 1994

If Specified Currency is other than U.S. dollars, equivalent
amount in U.S. dollars:       US$147,942,125*

(*)Based on the Exchange Rate of ITL1,689.85 per US$1
                                        
Agent's Discount 
or Commission:                1.8750%

Price to Public
(Issue Price):                101.4000%

Net Proceeds to Issuer
(in Specified Currency):      ITL248,812,500,000

Interest:

Interest Rate Per Annum:      7.3750%   

Interest Payment Dates:
_X_ Annual:  February 8 of each year commencing February 8, 1995.
___ Semi-Annual: 


Repayment, Redemption and Acceleration:

Optional Repayment Date:                N/A
Annual redemption Percentage Reduction: N/A
Initial Redemption Date:                N/A
Modified Payment Upon Acceleration:     N/A
Initial Redemption Percentage:          N/A
Pricing Supplement No. 1737
Dated January 5, 1994                          
Rule 424(b)(3)-Registration Statement No. 33-58506
                                        Page 2                        
Original Issue Discount
Amount of OID:                          N/A
Interest Accrual Date:                  N/A
Yield to Maturity:                      N/A                      
Initial Accrual Period OID:             N/A 

Amortizing Notes:
Amortization Schedule:                  N/A                

Form and Denominations:
The Notes will be issued in the form of a temporary global note
which will be deposited with a common depository for the
Euroclear System and Cedel, S.A..  The temporary global note will
be exchangeable for a permanent global note 40 days after the
original issue date (the "Exchange Date").  Investors may also
elect to receive definitive notes on or after the Exchange Date. 
The Notes will be available in denominations of ITL5,000,000,
ITL50,000,000 and ITL1,000,000,000.

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.
Pricing Supplement No. 1737
Dated January 5, 1994                          
Rule 424(b)(3)-Registration Statement No. 33-58506
                                        Page 3                        
Plan of Distribution:
The Notes are being purchased by the following institutions in
their respective amounts set forth below pursuant to the terms of
the Amended and Restated Euro Distribution Agreement dated as of
August 31, 1993 (the "Amended and Restated Euro Distribution
Agreement" and a Terms Agreement with respect to the Notes; all
references in the Prospectus Supplement to the Euro Distribution
Agreement as so amended and restated):

Financial Institution                        Amount of Notes
                                              (Italian Lire)     
Banque Paribas                               132,000,000,000
Banca Commerciale Italiana                     5,000,000,000
Banca Nazionale del Lavoro S.P.A.         5,000,000,000
Credit Suisse First Boston
 Italia (SIM) S.P.A., Milan               5,000,000,000
Credito Italiano                          5,000,000,000
Deutsche Bank AG London                   5,000,000,000
IMI Bank (LUX) S.A.                       5,000,000,000
Istituto Bancario San Paolo
 di Torino S.P.A.                         5,000,000,000
Kidder, Peabody International Limited     5,000,000,000
J.P. Morgan Sim SPA                       5,000,000,000
Morgan Stanley & Co.
International Limited                     5,000,000,000
Swiss Bank Corporation                    5,000,000,000
UBS Limited                               5,000,000,000
ABN Amro Bank N.V.                        2,000,000,000
Aslk-Cger Bank                            2,000,000,000
Banca del Gottardo, 
 viale S. Franscini 8, 6901 Lugano        2,000,000,000
Banca di Roma                             2,000,000,000
Banca Euromobiliare                       2,000,000,000
Banca di Napoli S.P.A.                    2,000,000,000
Bankers Trust International Plc           2,000,000,000
Banque Bruxelles Lambert S.A.             2,000,000,000
Banque Internationale a Luxembourg S.A.   2,000,000,000
Banque UCL SA                             2,000,000,000
Caboto Holding Sim SPA                    2,000,000,000
Commerzbank Aktiengesellschaft            2,000,000,000
Credit Commercial de France               2,000,000,000
Credit Communal de Belgique S.A.          2,000,000,000
Dresdner Bank Aktiengesellschaft          2,000,000,000
Generale Bank                             2,000,000,000
Gulf Investment Corporation               2,000,000,000
IBJ International plc                     2,000,000,000
Kredietbank N.V.                          2,000,000,000
Kuwait Foreign Trading 
 Contracting & Investment Co. (S.A.K.)    2,000,000,000
Lehman Brothers International (Europe)    2,000,000,000

Pricing Supplement No. 1737
Dated January 5, 1994                          
Rule 424(b)(3)-Registration Statement No. 33-58506
                                        Page 4

Financial Institution                        Amount of Notes
                                                            (Italian Lire)
Merrill Lynch International Limited2,000,000,000
Monte dei Paschi di Siena                 2,000,000,000
Nomura International Plc                  2,000,000,000
Cooperative Centrale
 Raiffeisen-Boerenleenbank B.A.           2,000,000,000
Salomon Brothers International Limited    2,000,000,000          
Sanwa International Plc                   2,000,000,000     
Swiss Cantobank Securities Limited        2,000,000,000
Westdeutsche Landesbank Girozentrale2,000,000,000
  
            Total                       250,000,000,000               

The above-listed financial institutions are hereinafter referred
to as the "Managers".  To the extent that any of the Managers are
not Agents under the Euro Distribution Agreement, the Company has
appointed such non-Agent Managers as Agents thereunder for this
transaction.  The Company has agreed to indemnify the Managers
against and contribute toward certain liabilities, including
liabilities under the Securities Act of 1993, as amended.  The
combined management and underwriting commission payable by the
Company to the Agents with respect to the respective purchases of
the Notes is 0.625% of the principal amount of the  Notes.  The
purchase price payable to the Company by the Agents will also be
reduced by a selling concession of 1.250% of the principal amount
of the Notes.

In connection with this issue, Banque Paribas may over-allot or
effect transactions which stabilize or maintain the market price
of the Notes at a level which might not otherwise prevail.  Such
stabilizing, if commenced, may be discontinued at any time.

Pricing Supplement No. 1737
Dated January 5, 1994                          
Rule 424(b)(3)-Registration Statement No. 33-58506
                                        Page 5

Each Manager acknowledges that no action has or will be taken
which would allow an offering of the  Notes to the public in the
Republic of Italy.  Accordingly, the Notes may not be offered,
sold or delivered and neither an Offering Circular nor any other
offering material relating to the Notes may be distributed or
made available to the public in the Republic of Italy.  Each
Manager represents and agrees that any offering of the Notes in
the Republic of Italy may be made only to professional investors
(as defined in article 4(1) of the Consob Resolution no. 6430 of
26th August 1992) and that it will not otherwise, directly or
indirectly, offer or sell any Notes or distribute any document in
draft or definitive form relating to the Notes to the public at
large in Italy, subject to the authorization required pursuant to
Law No. 77 of 23rd March 1983 and/or to the Royal Decree Law No.
375 of 12th March 1936 as amended and supplemented.  Individual
sales of the Notes to any persons in the Republic of Italy may
only be made in accordance with Italian securities, tax and other
applicable laws and regulations.

Any offer or sale of Notes to any person in the Republic of Italy
may be made only through an authorized bank or securities
brokerage company ("Societa di Intermediazione Mobiliare")
pursuant to the Italian Securities Brokerage Companies Act (Law
No. 1 of 2nd January 1991 as amended and supplemented).