PROSPECTUS            Pricing Supplement No. 1870
Dated April 1, 1994   Dated May 27, 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 __   C  X         Trade Date:  May 27, 1994

Specified Currency:  Japanese Yen

Principal Amount (in Specified Currency):  Yen6,000,000,000

Settlement Date (Original Issue Date):  June 3, 1994

If Specified Currency is other than U.S. dollars,
equivalent amount in U.S. dollars:  US$57,552,000(*)
  (*)  Based on the May 27, 1994 exchange rate of
       Yen1 = US$.009592.

Agent's Discount or Commission:  0.00%

Maturity Date: September 6, 1996

Price to Public (Issue Price):  100.00%

Net Proceeds to Issuer (in Specified Currency):  Yen6,000,000,000

Interest Rate:

  Fixed Interest Rate:2.80% (Computed on a 30/360 day basis.)

  Interest Payment Date(s):  Interest will be paid for the period
       from the Original Issue Date set forth above up to but
       excluding the first Interest Payment Date on September 6,
       1994 and annually on each September 6 thereafter up to and
       including the Maturity Date.             

Form and Denominations:

  The Notes will initially be issued in the form of a temporary
global note which will be deposited with or on behalf of a common
depository for the Euroclear System and Cedel, societe anonyme. 
The temporary global note will be exchangeable for a permanent
global note 40 days following the issue date.  The Notes will be
available in denominations of Yen1,000,000 and integral multiples
hereof.



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. 1870
                      Dated May 27, 1994
                      Rule 424(b)(3)-Registration Statement
                                 No. 33-50909




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:  N/A

Plan of Distribution:

  Goldman Sachs International is acting as Agent in connection with
the sale of the Notes.

  THE NOTES MAY NOT BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN
JAPAN OR TO, OR FOR THE BENEFIT OF, ANY RESIDENT OF JAPAN
(INCLUDING ANY CORPORATION OR OTHER ENTITY ORGANIZED UNDER THE LAWS
OF JAPAN) OR TO OTHERS FOR RE-OFFERING OR RESALE, DIRECTLY OR
INDIRECTLY, IN JAPAN OR TO A RESIDENT OF JAPAN PRIOR TO THE DATE
WHICH IS 90 DAYS AFTER THE SETTLEMENT DATE OF EACH ISSUE OF SUCH
NOTES EXCEPT TO THE EXTENT PERMITTED BY ANY FUTURE AMENDMENT TO
APPLICABLE JAPANESE LAWS OR REGULATIONS PROMULGATED THEREUNDER BY
JAPANESE REGULATORY AUTHORITIES.