PROSPECTUS             Pricing Supplement No. 1858 
Dated April 1, 1994    Dated May 19, 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 __   B X    C __            Trade Date: May 19, 1994

Principal Amount (in Specified Currency):  CHF50,000,000

Settlement Date (Original Issue Date): May 26, 1994

If Specified Currency is other than U.S. dollars,
equivalent amount in U.S. dollars:  US$35,410,764.87(*)
       (*) Based on the rate of US$1=CHF1.4120, being the Exchange
       Rate on May 19, 1994 as published in the Wall Street
       Journal on May 20, 1994.

Maturity Date: May 26, 1997

Agent's Discount or Commission: .000%

Price to Public (Issue Price):  100.00%

Net Proceeds to Issuer (in Specified Currency):  CHF50,000,000

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;
  X  LIBOR  __ Prime Rate  __ Treasury Rate  __ Other

  Spread (Plus or Minus):  +.020%

  Spread Multiplier:  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. 1858            
                       Dated May 19, 1994     
                       Rule 424(b)(3)-Registration Statement
                                 No. 33-50909




  Index Maturity:  3 Month

  Index Currency: N/A

  Maximum Interest Rate:   N/A

  Minimum Interest Rate:  N/A

  Alternate Rate Event Spread:  N/A

  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 26th day of August, November,
       February and May of each year up to and including the
       Maturity Date, commencing August 26, 1994.

  Interest Reset Periods and Dates:
  __ Daily   __ Weekly  __ Monthly  X  Quarterly
  __ Semiannually  __ Annually

  Interest Determination Dates if other than as set forth in the 
  Prospectus Supplement:  See "DESCRIPTION OF NOTES--Floating Rate
       Notes" in the accompanying Prospectus Supplement.



                      (Floating Rate Notes)
                                                       Page 3
                       Pricing Supplement No. 1858            
                       Dated May 19, 1994     
                       Rule 424(b)(3)-Registration Statement
                                 No. 33-50909




Form and Denomination:  

The Notes will be represented by a temporary global bearer note
which will be deposited with or on behalf of a common depositary
for Morgan Guaranty Trust Company of New York, Brussels office, as
operator of the Euroclear System and CEDEL S.A.  On or after the
Exchange Date, Notes will be available in definitive bearer form in
denominations of not less than CHF100,000.  See "DESCRIPTION OF
NOTES--Forms, Denominations, Exchange and Transfer" in the
accompanying Prospectus Supplement.

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

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


                      (Floating Rate Notes)
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                       Pricing Supplement No. 1858            
                       Dated May 19, 1994     
                       Rule 424(b)(3)-Registration Statement
                                 No. 33-50909





Indexed Notes:

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

Additional Terms:

  All references herein to "CHF" or "Swiss Francs" are to the
lawful currency of Switzerland.

  
Plan of Distribution:

  The Notes are being distributed by Goldman Sachs & Co., Bank
(Zurich), as agent, at 100% of their principal amount.