PROSPECTUS             Pricing Supplement No. 1968
Dated April 1, 1994    Dated August 17, 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 17, 1994

Specified Currency:  Japanese Yen

Settlement Date (Original Issue Date): August 24, 1994

Principal Amount (in Specified Currency):  Y1,400,000,000

Maturity Date:  December 1, 1999

If principal amount is stated in other than U.S. dollars,
equivalent amount in U.S. dollars:  US$13,972,000
  (*)  Based on the August 17, 1994 exchange rate of Y1=US$.009980

Price to Public (Issue Price):  100.000%

Net Proceeds to Issuer:  Y1,400,000,000

Agent's Discount or Commission:  0.000%  

Interest Rate:

  Fixed Interest Rate:  4.5100% per annum (calculated on a 30/360
       day basis)

  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.




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. 1968
                       Dated August 17, 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:  N/A


                       (Fixed Rate Notes)
                                                       Page 3
                       Pricing Supplement No. 1968
                       Dated August 17, 1994
                       Rule 424(b)(3)-Registration Statement
                           No. 33-50909



Plan of Distribution:

  Goldman Sachs International 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.