PROSPECTUS             Pricing Supplement No. 1855
Dated April 1, 1994    Dated May 16, 1994
PROSPECTUS SUPPLEMENT  Rule 424(b)(3)-Registration Statement
                                 No. 33-50909
Dated April 1, 1994    


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


Series:  A __   B X    C __             Trade Date:  May 16, 1994

Principal Amount (in Specified Currency):  US$250,000,000

Settlement Date (Original Issue Date): June 2, 1994

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

Maturity Date:  June 2, 1997

Agent's Discount or Commission:  1.375%

Price to Public (Issue Price):  100.8875%

Net Proceeds to Issuer (in Specified Currency):  US$248,781,250 

Interest:

  Interest Rate Per Annum:  6.5%

  Interest Payment Dates:
  X  Annual:  June 2 of each year commencing June 2, 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




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. 1855
                       Dated May 16, 1994
                       Rule 424(b)(3)-Registration Statement
                              No. 33-50909




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 definitive notes 40 days after the original issue
date (the "Exchange Date") and will be available in denominations
of US$1,000 and US$100,000.

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):


                       (Fixed Rate Notes)
                                                       Page 3
                       Pricing Supplement No. 1855
                       Dated May 16, 1994
                       Rule 424(b)(3)-Registration Statement
                              No. 33-50909




       Financial Institution            Amount of Notes
                                          (US Dollars)

     Goldman Sachs International            190,000,000
     Barclays de Zoete Wedd Limited          25,000,000
     CS First Boston Limited                 10,000,000
     Swiss Bank Corporation                  10,000,000
     UBS Limited                             10,000,000
     Kidder, Peabody International PLC        5,000,000

     Total                                  250,000,000

  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 0.0875% 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 1.2875% of the principal amount of the Notes.

  In connection with this issue, Goldman Sachs International 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.