PROSPECTUS             Pricing Supplement No. 1992
Dated April 1, 1994    Dated August 24, 1994
PROSPECTUS SUPPLEMENT  Rule 424(b)(3)-Registration Statement No.
Dated April 1, 1994             33-54009
                       Rule 424(b)(3)-Registration Statement No.
                                33-54011


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

Series:  A X   B __  C __             Trade Date:  August 24, 1994

Principal Amount (in Specified Currency): US$100,000,000

Settlement Date (Original Issue Date):  August 31, 1994

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

Maturity Date:  August 31, 1995

Discount or Commission:  .0750%

Price to Public (Issue Price):  100.00%

Net Proceeds to Issuer (in Specified Currency):  US$99,925,000 

Interest Rate:

  Interest Rate Per Annum:  5.66%

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

  Interest Payment Dates if other than as set forth in the 

  Prospectus Supplement:  September 15 and March 15 of each year,
       commencing September 15, 1994

Repayment, Redemption and Acceleration:

  Optional Repayment Date:  N/A
  Annual Redemption Percentage Reduction:  N/A
  Initial Redemption Date:  N/A
  Modified Payment Upon Acceleration:  N/A
  Initial Redemption Percentage:  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.

                        (Fixed Rate Note)
                                                           Page 2
                       Pricing Supplement No. 1992
                       Dated August 24, 1994
                       Rule 424(b)(3)-Registration Statement No.
                                33-54009
                       Rule 424(b)(3)-Registration Statement No.
                                33-54011


Original Issue Discount

  Amount of OID: N/A
  Interest Accrual Date: N/A
  Yield to Maturity: N/A
  Initial Accrual Period OID: N/A

Amortizing Notes:

  Amortization Schedule: N/A

Dual Currency Notes:

  Face Amount Currency:  N/A
  Option Value Calculation Agent: N/A
  Optional Payment Currency:  N/A
  Option Election Date(s):  N/A
  Designated Exchange Rate:  N/A           

Indexed Notes:

  Currency Base Rate:  N/A
  Determination Agent:  N/A                 

Plan of Distribution:

  Merrill Lynch & Co., Merrill Lynch, Pierce, Fenner & Smith
  Incorporated ("Merrill Lynch") (hereinafter referred to as 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 0.0750%. The Company has agreed
  to indemnify the Underwriter against, and contribute toward,
  certain liabilities, including liability under the Securities
  Act of 1933, as amended.