PROSPECTUS                         Pricing Supplement No. 1818
Dated July 12, 1993                Dated March 21, 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:  March 21, 1994

Principal Amount (in Specified Currency):  ITL50,000,000,000

Settlement Date (Original Issue Date): March 28, 1994

If Specified Currency is other than U.S. dollars,
equivalent amount in U.S. dollars:  $29,922,023.21*
    * Based on the March 21, 1994 exchange rate of ITL1,671.01 = US$1.00

Maturity Date: January 29, 1998

Agent's Discount or Commission: 0.00%

Price to Public (Issue Price):  99.25%

Net Proceeds to Issuer (in Specified Currency):ITL49,625,000,000

Interest Rate:

    Fixed Rate:  8.625% (30/360 day basis)

    Interest Payment Dates:
    __ Semi-Annual:
    X  Annual:  Interest will be payable on January 29, 1995 with respect
           to the period from the Original Issue Date and annually on each
           January 29 thereafter through the Maturity Date.

Form and Denomination:

    The Notes will be issued in the form of a temporary global note which
will be exchangeable for definitive Notes on or after the Exchange Date
in denominations of ITL10,000,000 and ITL100,000,000.




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.


                                             (Fixed Rate Notes)
                                                                     Page 2

                                   Pricing Supplement No. 1818
                                   Dated March 21, 1994
                                   Rule 424(b)(3)-Registration Statement
                                          No. 33-58506
                                   Rule 424(b)(3)-Registration Statement
                                          No. 33-50508



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

Original Issue Discount

    Amount of OID:  N/A
    Interest Accrual Date:  N/A
    Yield to Maturity:  N/A
    Initial Accrual Period OID:  N/A

Dual Currency Notes:

    Face Amount Currency:  N/A
    Option Value Calculation Agent:  N/A
    Optional Payment Currency:  N/A
    Option Election Date(s): N/A
    Designated Exchange Rate:  N/A


Indexed Notes:

    Currency Base Rate:  N/A
    Determination Agent:  N/A

Plan of Distribution:

    Merrill Lynch International Limited is acting as Agent in connection
with the sale of the Notes.


The Agent 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.  The Agent 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).