PROSPECTUS            Pricing Supplement No. 1931
Dated April 1, 1994   Dated July 22, 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:  July 22, 1994

Specified Currency:  Japanese Yen

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

Principal Amount (in Specified Currency): Y2,000,000,000

Maturity Date:  March 28, 1997

If principal amount is stated in other than U.S. dollars,
equivalent amount in U.S. dollars:  US$20,232,000
  (*)  Based on the July 22, 1994 exchange rate of Y1=US$.010116

Price to Public (Issue Price):  100%

Net Proceeds to Issuer:  Y2,000,000,000

Agent's Discount or Commission:  0.000%  

Interest Rate:

  Fixed Interest Rate:  3.300% (computed on a 30/360 day basis)

  Interest Payment Dates:  Interest will be paid on October 28,
       1994 for period from and including the Original Issue Date
       up to but excluding the first Interest Payment Date
       scheduled to occur on October 28, 1994 and on March 28,
       1995 for the period from and including October 28, 1994 to
       but excluding the second Interest Payment Date scheduled to
       occur on March 28, 1995; thereafter, interest will be paid
       annually on each March 28 up to and including the Maturity
       Date.



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. 1931
                      Dated July 22, 1994
                      Rule 424(b)(3)-Registration Statement
                           No. 33-50909



Form of Notes:

  The Notes will initially be issued in the form of a temporary
global note which will be deposited with or on behalf on a common
depositary 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 Y1,000,000 and integral multiples
thereof.

Repayment, Redemption and Acceleration

  Optional Repayment Date(s):  N/A
  Initial Redemption Date:  N/A
  Initial Redemption Percentage:  N/A
  Annual Redemption Percentage Reduction:  N/A
  Modified Payment Upon Acceleration:  N/A

Original Issue Discount

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

Amortizing Notes:

  Amortization Schedule:  N/A

Dual Currency Notes:

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

Indexed Notes:

  Currency Base Rate:  N/A
  Determination Agent:  


                       (Fixed Rate Notes)
                                                       Page 3
                      Pricing Supplement No. 1931
                      Dated July 22, 1994
                      Rule 424(b)(3)-Registration Statement
                           No. 33-50909




Plan of Distribution:

  Goldman Sachs & Co. is acting as Agent in connection with the
distribution 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.