PROSPECTUS                             Pricing Supplement No. 1961
Dated July 12, 1993                    Dated August 11, 1994
PROSPECTUS SUPPLEMENT                  Rule 424(b)(3)-Reg.Statement No.33-58506
Dated July 12, 1993                    Rule 424(b)(3)-Reg.Statement No.33-58508




                    GENERAL ELECTRIC CAPITAL CORPORATION
                         GLOBAL MEDIUM-TERM NOTES

                            (Fixed Rate Notes)

Series B

Principal Amount (in Specified Currency): GBP 5,000,000.00.  If principal
amount is stated in a currency other than U.S. dollars, equivalent amount in
U.S. dollars: $ 7,687,500.00

Maturity Date: 8/19/96

Interest Rate Per Annum: 7.6000%

Price to Public (Issue Price): 100.101

Settlement Date (Original Issue Date): 8/19/94

Interest Payment Date(s):

   Series A Notes:
                          __  March 15 and September 15 of each year
                          __  Other:

   Series B or C Notes:
                          __  September 15 of each year
                          _X_  Other: 8/19  of each year


Form of Notes: (Series A only) _X_  DTC registered   __  non-DTC registered

The notes are not payable or redeemable prior to the Maturuty Date set forth
above.

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.

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