PROSPECTUS             Pricing Supplement No. 2002
Dated April 1, 1994    Dated September 7, 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:  September 7, 1994

Principal Amount (in Specified Currency):  5,000,000 Pounds
Sterling

Settlement Date (Original Issue Date):  September 14, 1994

If principal amount is stated in other than U.S. dollars,
equivalent amount in U.S. dollars:  US$7,730,000(*)
  *Based on the exchange rate of 1 Pound Sterling= US$1.5460

Net Proceeds to Issuer:  5,000,000 Pounds Sterling

Agent's Discount or Commission:  0.000%

Maturity Date:  September 16, 1996

Price to Public (Issue Price):  100.00%


Interest:

  Interest Rate Per Annum:  7.8500%

  Interest Payment Date(s):
  Series A Notes:
  __  March 15 and September 15 of each year
  __  Other:

  Series B or C Notes:
  __  September 15 of each year
  X   Other:  September 14, 1995 and on 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. 2002
                       Dated September 7, 1994
                       Rule 424(b)(3)-Registration Statement 
                           No. 33-54009
                       Rule 424(b)(3)-Registration Statement 
                           No. 33-54011



Form of Notes:

  The Notes will 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 depositary for Morgan Guaranty
  Trust Company of New York, Brussels office, as operator of the
  Euroclear System (the "Euroclear Operator"), and Cedel, societe
  anonyme ("Cedel") for credit to the account designated by or on
  behalf of the purchaser thereof.  The interests of the
  beneficial owner or owners in the temporary global bearer note
  will be exchangeable after the expiration of the Restricted
  Period for an interest in a permanent global bearer note as
  described in the Prospectus Supplement under the caption
  "DESCRIPTION OF NOTES--Forms, Denominations, Exchange and
  Transfer". The Notes will be available in minimum denominations
  of 100,000 pounds sterling.

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

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. 2002
                       Dated September 7, 1994
                       Rule 424(b)(3)-Registration Statement 
                           No. 33-54009
                       Rule 424(b)(3)-Registration Statement 
                           No. 33-54011




Additional Terms:

  References herein to "Pounds Sterling" are to the lawful currency
of The United Kingdom.

Plan of Distribution:

  The Notes are being distributed by Goldman Sachs International,
  as agent (the "Agent"), at an issue price equal to 100% of the
  aggregate principal amount of the Notes.