PROSPECTUS               Pricing Supplement No. 2022
Dated April 1, 1994      Dated October 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:  October 25, 1994

Specified Currency:  Japanese Yen

Settlement Date (Original Issue Date):  November 3, 1994

Principal Amount (in Specified Currency):  Yen2,000,000,000

Maturity Date:  February 3, 1997

If principal amount is stated in other than U.S. dollars,
equivalent amount in U.S. dollars: US$20,672,000
  (*) Based on the October 25, 1994 exchange rate of
  Yen1=US$.010336

Price to Public (Issue Price):  100.250%

Net Proceeds to Issuer:  Yen2,020,000,000

  Agent's Discount or Commission:  0.240%

Interest Rate:

  Fixed Interest Rate:  3.500% (computed on a 30/360 day basis)

  Interest Payment Dates:  Interest will be paid on February 3,
       1995 for period from and including the Original Issue Date
       up to but excluding the first Interest Payment Date
       scheduled to occur on February 3, 1995; thereafter,
       interest will be paid annually on each February 3 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. 2022
                       Dated October 25, 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 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
  denomination of Yen10,000,000 and integral multiples of
  Yen1,000,000 in excess 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

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. 2022
                       Dated October 25, 1994
                       Rule 424(b)(3)-Registration Statement 
                           No. 33-54009
                       Rule 424(b)(3)-Registration Statement 
                           No. 33-54011




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.