PROSPECTUS             Pricing Supplement No. 1859 
Dated April 1, 1994    Dated May 20, 1994
PROSPECTUS SUPPLEMENT  Rule 424(b)(3)-Registration Statement
                                 No. 33-50909
Dated April 1, 1994    


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

Series:  A X    B __   C __               Trade Date: May 20, 1994

Principal Amount (in Specified Currency):  $100,000,000

Settlement Date (Original Issue Date): May 24, 1994

If Specified Currency is other than U.S. dollars,
equivalent amount in U.S. dollars:  N/A

Maturity Date: May 24, 1996

Agent's Discount or Commission: .0500%
Price to Public (Issue Price):  100.00%

Net Proceeds to Issuer (in Specified Currency): $99,950,000
Interest Rate:

  Interest Calculation:
  X  Regular Floating Rate
  __ Inverse Floating Rate
  __ Other Floating Rate

  Interest Rate Basis:  __ CD Rate  __ Commercial Paper Rate
  __ Federal Funds Rate   __ LIBOR   __ Prime Rate   X  Treasury Rate
  __ Other

  Spread (Plus or Minus):  +.220%
  Spread Multiplier:  N/A

  Index Maturity:  3 Month
  Index Currency: N/A

  Maximum Interest Rate:  N/A
  Minimum Interest Rate: N/A

  Alternate Rate Event Spread:  N/A



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.

                         (Floating Rate Notes)
                                                       Page 2
                       Pricing Supplement No. 1859
                       Dated May 20, 1994
                       Rule 424(b)(3)-Registration Statement
                                No. 33-50909



  Initial Interest Rate Per Annum:  To be determined on the Interest
       Determination Date with respect to the first Interest Reset
       Period.

  Interest Payment Period:
  __ Annual    __ Semi-Annual    __ Monthly    X  Quarterly

  Interest Payment Dates if other than as set forth in the Prospectus
  Supplement:  The 24th day of August, November, February and May of
       each year up to and including the Maturity Date, commencing
       August 24, 1994.

  Interest Reset Periods and Dates:
  __ Daily   X  Weekly   __  Monthly  __ Quarterly  __ Semiannually
  __ Annually;  See "Additional Terms-Interest".

  Interest Determination Dates if other than as set forth in the
  Prospectus Supplement:  See "Additional Terms-Interest".

Form of Notes:  X  DTC registered       __ non-DTC registered

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


                         (Floating Rate Notes)
                                                       Page 3
                       Pricing Supplement No. 1859
                       Dated May 20, 1994
                       Rule 424(b)(3)-Registration Statement
                                No. 33-50909



Amortizing Notes:

  Amortization Schedule: 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

Additional Terms:

  Interest

  The interest rate applicable to each Interest Reset Period will equal
the Treasury Rate plus the Spread set forth on the cover page of this
Pricing Supplement.  Interest will be payable quarterly on the 24th day
of August, November, February and May of each year up to and including
the Maturity Date (each, an "Interest Payment Date"), commencing August
24, 1994.  The interest rate on the Notes will reset weekly on each
Tuesday except as specified below (each, an "Interest Reset Date").  The
Interest Determination Date with respect to an Interest Reset Date will
be the day in the week in which the related Interest Reset Date falls on
which day Treasury Bills (as defined in the Prospectus Supplement) are
normally auctioned (Treasury Bills are normally sold at auction on
Monday of each week, unless that day is a legal holiday, in which case
the auction is normally held on the following Tuesday, except that such
auction may be held on the preceding Friday); provided however, that if
an auction is held on the Friday of the week preceding the related
Interest Reset Date, the related Interest Determination Date will be
such preceding Friday; and provided further, that if an auction falls on
any Interest Reset Date, then the related Interest Reset Date will
instead be the Business Day following such auction. 

  J.P. Morgan Securities Inc. will act as Calculation Agent with respect
to the Notes.


                         (Floating Rate Notes)
                                                       Page 4
                       Pricing Supplement No. 1859
                       Dated May 20, 1994
                       Rule 424(b)(3)-Registration Statement
                                No. 33-50909






Plan of Distribution:

  The Notes are being distributed by J.P. Morgan Securities Inc., as
agent (hereinafter referred to as the "Agent"), at 100% of their
principal amount less a selling commission equal to .0500%.