PROSPECTUS             Pricing Supplement No. 1963
Dated April 1, 1994    Dated August 12, 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:  August 12, 1994

Specified Currency:  Japanese Yen

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

Principal Amount (in Specified Currency):  Y1,000,000,000

Maturity Date:  December 1, 1999

If principal amount is stated in other than U.S. dollars,
  equivalent amount in U.S. dollars:  US$9,970,000
  (*)  Based on the August 12, 1994 exchange rate of 
       Y1=US$.009970

Price to Public (Issue Price):  100.000%

Net Proceeds to Issuer:  Y1,000,000,000 

Agent's Discount or Commission:  0.000%  

Interest Rate:

  Fixed Interest Rate:  The interest rate applicable to the period
       commencing on the Original Issue Date up to but excluding
       the first Interest Payment Date scheduled to occur on
       December 1, 1994 shall be determined two London Business
       Days prior to the Original Issue Date and shall be equal to
       Japanese Yen LIBOR (as defined under "Additional Terms--
       Interest" herein); thereafter the interest rate on the
       Notes shall be fixed at 4.40% per annum through 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. 1963
                       Dated August 12, 1994
                       Rule 424(b)(3)-Registration Statement
                           No. 33-50909



  Interest Payment Dates:  Interest will be paid for the period
       from the Original Issue Date up to but excluding the first
       Interest Payment Date on December 1, 1994; thereafter,
       interest will be paid annually on each December 1 up to and
       including the Maturity Date.

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


                       (Fixed Rate Notes)
                                                       Page 3
                       Pricing Supplement No. 1963
                       Dated August 12, 1994
                       Rule 424(b)(3)-Registration Statement
                           No. 33-50909


Indexed Notes:

  Currency Base Rate:  N/A
  Determination Agent:  

Additional Terms:

  The interest rate applicable to the Notes for the period from the
Original Issue Date up to but excluding the first Interest Payment
Date scheduled to occur on December 1, 1994 shall be determined two
London Business Days prior to the Original Issue Date and shall be
equal to Japanese Yen LIBOR (as defined below).  Thereafter the
interest rate on the Notes will be equal to 4.40% per annum through
the Maturity Date.  Interest on the Notes will be payable on
December 1, 1994 and on each December 1 thereafter up to and
including the Maturity Date (each, an "Interest Payment Date"). 

  "Japanese Yen LIBOR" shall have the meaning set forth in the
accompanying Prospectus Supplement dated April 1, 1994 under the
caption "DESCRIPTION OF THE NOTES-Interest and Interest Rates-
Floating Rate Notes--LIBOR Notes"; provided that the Index Maturity
shall be equal to three month, the Index Currency shall be Japanese
Yen, and the Spread will be equal to 0.000%.
  
  Interest on the Notes is payable on the basis of the actual
number of days elapsed during the interest period for the period
from the Original Issue Date up to but excluding the first Interest
Payment Date scheduled to occur on December 1, 1994; thereafter,
interest on the Notes will be payable on the basis of a 360 day
year consisting of twelve 30 day months.
  
Plan of Distribution:

  Swiss Bank Corporation 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.