PROSPECTUS             Pricing Supplement No. 1937
Dated April 1, 1994    Dated July 26, 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: July 26, 1994

Principal Amount (in Specified Currency):  $50,000,000

Settlement Date (Original Issue Date): August 1, 1994 

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

Maturity Date: August 1, 1996

Agent's Discount or Commission: .0550%

Price to Public (Issue Price):  100.00%

Net Proceeds to Issuer (in Specified Currency): $49,972,500

Interest Rate:

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

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

  Spread (Plus or Minus):  +.200%
  Spread Multiplier:  N/A

  Index Maturity:  N/A
  Index Currency: N/A

  Maximum Interest Rate:  N/A
  Minimum Interest Rate: 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. 1937
                           Dated July 26, 1994
                           Rule 424(b)(3)-Registration Statement
                                No. 33-50909



  Alternate Rate Event Spread:  N/A

  Initial Interest Rate Per Annum:  To be determined two Business
       Days prior to the Settlement Date based upon application of
       the Interest Rate formula set forth above. 

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

  Interest Payment Dates if other than as set forth in the
  Prospectus Supplement:  November 1, February 1, May 1 and 
       August 1 of each year up to and including the Maturity
       Date, commencing on November 1, 1994.

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

  Interest Determination Dates if other than as set forth in the
  Prospectus Supplement:  The second Business Day prior to each
        Interest Reset Date.  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

Amortizing Notes:

  Amortization Schedule:  N/A


                      (Floating Rate Notes)
                                                       Page 3
                           Pricing Supplement No. 1937
                           Dated July 26, 1994
                           Rule 424(b)(3)-Registration Statement
                                No. 33-50909



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 daily Interest Reset Period
will equal the Federal Funds Rate (as defined below) plus the
Spread set forth on the cover page of this Pricing Supplement. 
Interest will be payable quarterly on November 1, February 1, May
1 and August 1 of each year, commencing on November 1, 1994 and
ending on the Maturity Date (each, an "Interest Payment Date"). 
The interest rate on the Notes will reset daily on each Business
Day during an Interest Payment Period with respect to the
applicable Interest Payment Date (each, an "Interest Reset Date"). 
The interest rate applicable to each Interest Reset Date will be
determined two Business Day prior to each Interest Reset Date
(each, an "Interest Determination Date").  Interest payments on the
Notes will equal the amount of interest accrued from and including
the next preceding Interest Payment Date in respect of which
interest has been paid (or from and including the Original Issue
Date, if no interest has been paid with respect to the Notes) to
but excluding the related Interest Payment Date.  

  Further information with respect to the determination of the
Federal Funds Rate is provided under the caption "DESCRIPTION OF
NOTES--Interest and Interest Rate--Floating Rate Notes--Federal
Funds Rate Notes" in the accompanying Prospectus Supplement.


                      (Floating Rate Notes)
                                                       Page 4
                           Pricing Supplement No. 1937
                           Dated July 26, 1994
                           Rule 424(b)(3)-Registration Statement
                                No. 33-50909



   UBS Limited shall act as Calculation Agent with respect to the
Notes. 


Plan of Distribution:

  The Notes are being purchased by UBS Limited as principal
(hereinafter referred to as the "Underwriter") at the Issue Price
of 100% less an underwriting discount of .0550%.  The Company has
agreed to indemnify the Underwriter against and contribute toward
certain liabilities, including liability under the Securities Act
of 1933, as amended.