PROSPECTUS             Pricing Supplement No. 1983
Dated April 1, 1994    Dated August 19, 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
                       (Fixed Rate Notes)

Series:  A __   B X    C __           Trade Date:  August 19, 1994

Specified Currency:  Japanese Yen

Settlement Date (Original Issue Date):  August 26, 1994

Principal Amount (in Specified Currency):  Y5,000,000,000

Maturity Date:  November 26, 1997

If principal amount is stated in other than U.S. dollars,
equivalent amount in U.S. dollars:  US$50,760,000
  (*)  Based on the August 19, 1994 exchange rate of Y1=US$.010152

Price to Public (Issue Price):  100.000%

Net Proceeds to Issuer:  Y5,000,000,000

Agent's Discount or Commission:  0.000%  

Interest Rate:

  Fixed Interest Rate:  3.800% per annum (calculated on a 30/360
       day basis)
  
  Interest Payment Dates:  Interest will be paid for the period
       from and including the Original Issue Date up to but
       excluding the first Interest Payment Date on November 26,
       1994; thereafter, interest will be paid annually on each
       November 26 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. 1983
                       Dated August 19, 1994
                       Rule 424(b)(3)-Registration Statement
                           No. 33-50909
                       Rule 424(b)(3)-Registration Statement
                           No. 33-54009



Form of Notes:

  The Notes will initially be issued in the form of a temporary
  global bearer note, without interest coupons, which will be
  deposited with or on behalf of a common depository for Morgan
  Guaranty Trust Company of New York, Brussels office, as operator
  of the Euroclear System and Cedel, societe anonyme for credit to
  the account designated by or on behalf of the purchasers
  thereof.  The temporary global note will be exchangeable for a
  permanent global bearer note after the expiration of the
  Restricted Period, all as described in the Prospectus Supplement
  under the heading "DESCRIPTION OF NOTES--Forms, Denominations,
  Exchange and Transfer".  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


                       (Fixed Rate Notes)
                                                       Page 3
                       Pricing Supplement No. 1983
                       Dated August 19, 1994
                       Rule 424(b)(3)-Registration Statement
                           No. 33-50909
                       Rule 424(b)(3)-Registration Statement
                           No. 33-54009



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

Plan of Distribution:

  S.G. Warburg Securities Ltd. 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.