PROSPECTUS                 Pricing Supplement No. 1945
Dated April 1, 1994        Dated July 28, 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 __   C X              Trade Date:  July 28, 1994

Principal Amount (in Specified Currency):  CHF54,000,000

Original Issue Date: August 5, 1994

If Specified Currency is other than U.S. dollars,
equivalent amount in U.S. dollars: US$40,014,000(*)
  (*) Based on the July 28, 1994 exchange rate of CHF 1= US$.7410

Maturity Date:  August 5, 1996

Agent's Discount or Commission: 0.000%

Price to Public (Issue Price):  99.980%

Net Proceeds to Issuer (in Specified Currency):  CHF53,989,200

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 (as described below under "Additional Terms")

  Spread (Plus or Minus):  .030%
  Spread Multiplier:  N/A

  Index Maturity:  3 Months

  Index Currency:  Swiss Francs ("CHF")



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. 1945
                       Dated July 28, 1994
                       Rule 424(b)(3)-Registration Statement
                                No. 33-50909





  Maximum Interest Rate:  N/A
  Minimum Interest Rate:  N/A

  Alternate Rate Event Spread: N/A 

  Initial Interest Rate Per Annum:  The interest rate applicable
       to the first quarterly interest period will be determined
       two London Banking Days prior to the Original Issue Date
       set forth above based on application of the formula.

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

  Interest Payment Dates if other than as set forth in the
  Prospectus Supplement:  Each November 5, February 5, May 5 and
       August 5 up to and including the Maturity Date, commencing
       on February 5, 1995.

  Interest Reset Periods and Dates:
  __ Daily    __ Weekly    __ Monthly
  X  Quarterly (on each Interest Payment Date)
  __ Semiannually: months in which reset:
  __ Annually: month in which reset:

  Interest Determination Dates if other than as set forth in the
  Prospectus Supplement:  Two London Banking Days prior to each
       Interest Reset date.

Form of Notes: 
  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, societe anonyme. 
  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.



                      (Floating Rate Notes)
                                                       Page 3
                       Pricing Supplement No. 1945
                       Dated July 28, 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
  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

Dual Currency Notes:

  Face Amount Currency:  N/A
  Optional Payment Currency:  N/A  
  Designated Exchange Rate:  N/A

Indexed Notes:

  Currency Base Rate:  N/A

Additional Terms:

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

Plan of Distribution:

  Goldman Sachs & Co. Bank (Zurich), is acting as agent in
  connection with the distribution of the Notes.