PROSPECTUS                 Amended Pricing Supplement No. 1974 
Dated April 1, 1994        Dated August 22, 1994
PROSPECTUS SUPPLEMENT      Rule 424(b)(3)-Registration Statement
                                No. 33-50909
Dated April 1, 1994        Rule 424(b)(3)-Registration Statement
                                No. 33-54009

              GENERAL ELECTRIC CAPITAL CORPORATION
                    GLOBAL MEDIUM-TERM NOTES
                      (Floating Rate Notes)

Series:  A X    B __   C __         Trade Date: August 17, 1994

Principal Amount (in Specified Currency):  US$200,000,000

Settlement Date (Original Issue Date): August 22, 1994

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

Maturity Date:  August 22, 1996

Agent's Discount or Commission: 0.0925%

Price to Public (Issue Price):  100.00%

Net Proceeds to Issuer (in Specified Currency):  US$199,815,000

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

  Spread (Plus or Minus):  0.00
  Spread Multiplier:  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
                       Amended Pricing Supplement No. 1974 
                       Dated August 22, 1994
                       Rule 424(b)(3)-Registration Statement
                                No. 33-58506
                       Rule 424(b)(3)-Registration Statement
                                No. 33-54009




  Index Maturity:  3 Months
  Index Currency: US Dollars

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

  Alternate Rate Event Spread:

  Initial Interest Rate Per Annum:  To be determined two London
       Business Days prior to the Original Issue Date based upon
       application of the interest rate formula.

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

  Interest Payment Dates if other than as set forth in the
  Prospectus Supplement:  Each May 22, August 22, November 22 and
       February 22, commencing on November 22, 1994 and ending on
       the Maturity Date

  Interest Reset Periods and Dates:
  __ Daily    __ Weekly    __ Monthly
  X  Quarterly (On each Interest Payment Date)
  __ Semiannually
  __ Annually

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

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
  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              


                      (Floating Rate Notes)
                                                       Page 3
                       Amended Pricing Supplement No. 1974 
                       Dated August 22, 1994
                       Rule 424(b)(3)-Registration Statement
                                No. 33-58506
                       Rule 424(b)(3)-Registration Statement
                                No. 33-54009





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:

  Morgan Guaranty Trust Company will act as the Calculation Agent
with respect to the Notes.

Plan of Distribution:

  J.P. Morgan Securities Inc. (the "Underwriter") is acting as
  principal in connection with the distribution of the Notes and
  is purchasing the Notes from the Company at 100% of their
  aggregate principal amount less an underwriting discount equal
  to 0.0925% of the aggregate principal amount of the Notes.  The
  Company has agreed to indemnify the Underwriter against, and
  contribute toward, certain liabilities, including liability
  under the Securities Act of 1933, as amended.