PROSPECTUS             Pricing Supplement No. 1994
Dated April 1, 1994    Dated August 25, 1994
PROSPECTUS SUPPLEMENT  Rule 424(b)(3)-Registration Statement
                                No. 33-54009
Dated April 1, 1994    Rule 424(b)(3)-Registration Statement
                                No. 33-54011


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

Series:  A __   B X    C __       Trade Date:  August 25, 1994

Principal Amount (in Specified Currency):  ECU100,000,000

Settlement Date (Original Issue Date):  September 29, 1994

If principal amount is stated in other than U.S. dollars,
equivalent amount in U.S. dollars:  US$123,480,000*
  (*)  Based on the Exchange Rate of ECU1.00 per US$1.23480
       Maturity Date: September 29, 1998

Agent's Discount or Commission:  1.625%

Price to Public (Issue Price): 101.0550%

Net Proceeds to Issuer: ECU99,417,500

Interest:

  Interest Rate Per Annum:  7.75%

  Interest Payment Date(s):
  X   Annual:  September 29 of each year, commencing September 29,
       1995
  __  Other:

Repayment, Redemption and Acceleration

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



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)
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                       Pricing Supplement No. 1994
                       Dated August 25, 1994
                       Rule 424(b)(3)-Registration Statement
                           No. 33-54009
                       Rule 424(b)(3)-Registration Statement
                           No. 33-54011




Amortizing Notes:

  Amortization Schedule:  N/A

Form and Denominations:

  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
  definitive bearer notes 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
  ECU1,000, ECU10,000 and ECU100,000.

Plan of Distribution:

  The Notes are being purchased by the following institutions in
  their respective amounts set forth below pursuant to the terms
  of the Amended and Restated Euro Distribution Agreement dated as
  of August 31, 1993 (the "Amended and Restated Euro Distribution
  Agreement") and a Terms Agreement with respect to the Notes:


                       (Fixed Rate Notes)
                                                       Page 3
                       Pricing Supplement No. 1994
                       Dated August 25, 1994
                       Rule 424(b)(3)-Registration Statement
                           No. 33-54009
                       Rule 424(b)(3)-Registration Statement
                           No. 33-54011




          Financial Institutions                  Amount of Notes
                                                       (ECU)

     UBS Limited                                     62,000,000
     ABN AMRO Bank N.V.                               2,000,000
     Barclays de Zoete Wedd Limited                   2,000,000
     Banque Bruxelles Lambert S.A.                    2,000,000
     Banque Paribas                                   2,000,000
     BNP Capital Markets Limited                      2,000,000
     Caisse des Depots et Consignations               2,000,000
     Credit Commercial de France                      2,000,000
     CS First Boston Limited                          2,000,000
     Deutsche Bank AG London                          2,000,000
     Dresdner Bank Aktiengesellschaft                 2,000,000
     Generale Bank                                    2,000,000
     Kidder, Peabody International PLC                2,000,000
     Kredietbank N.V.                                 2,000,000
     Lehman Brothers International (Europe)           2,000,000
     Merrill Lynch International Limited              2,000,000
     J.P. Morgan Securities Ltd.                      2,000,000
     Morgan Stanley & Co. International Limited       2,000,000
     Societe Generale                                 2,000,000
     Swiss Bank Corporation                           2,000,000

     Total                                          100,000,000

The above-listed financial institutions are hereinafter referred to
as the "Managers".  To the extent that any of the Managers are not
Agents under the Euro Distribution Agreement, the Company has
appointed such non-Agent Managers as Agent thereunder for this
transaction.  The Company has agreed to indemnify the managers
against and contribute toward certain liabilities, including
liabilities under the Securities Act of 1993, as amended.  The
combined management and underwriting commission payable by the
Company to the Agents with respect to the respective purchases of
the Notes is 0.20% of the principal amount of the Notes.  The
purchase price payable to the Company by the Agents will also be
reduced by a selling concession of 1.425% of the principal amount
of the Notes.

In connection with this issue, UBS Limited may over-allot or effect
transactions which stabilize or maintain the market price of the
Notes at a level which might not otherwise prevail.  Such
stabilizing, if commenced, may be discontinued at any time.