PROSPECTUS                 Pricing Supplement No. 2027 
Dated April 1, 1994        Dated October 27, 1994
PROSPECTUS SUPPLEMENT      Rule 424(b)(3)-Registration Statement
                                 33-54009 
Dated April 1, 1994        Rule 424(b)(3)-Registration Statement
                                 33-54011

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

Series:  A __   B X    C __       Trade Date:  October 27, 1994

Principal Amount (in Specified Currency):  DEM75,000,000

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

If Specified Currency is other than U.S. dollars,
  equivalent amount in U.S. dollars: $50,100,000
  (Based on the Exchange Rate of 1DEM = US$0.6680)

Agent's Discount or Commission:  0.000%

Maturity Date: November 4, 1996

Price to Public (Issue Price):  100.000%

Net Proceeds to Issuer (in Specified Currency):  DEM75,000,000

Interest Rate:
  Interest Calculation:
  X  Regular Floating Rate
  __ Inverse Floating Rate
  __ Other Floating Rate

  Interest Rate Basis:
  __ CD Rate   __ Commercial Paper Rate   __ Federal Funds Rate
  X  LIBOR   __ Prime Rate  __ Treasury Rate
  __ Other (as described below under "Additional Terms")

  Spread (Plus or Minus):  0.000%
  Spread Multiplier:  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.


                      (Floating Rate Notes)
                                                       Page 2
                       Pricing Supplement No. 2027
                       Dated October 27, 1994
                       Rule 424(b)(3)-Registration Statement 
                                No. 33-54009
                       Rule 424(b)(3)-Registration Statement 
                                No. 33-54011




  Index Maturity:  3 Months
  Index Currency:  Deutsche Marks

  Maximum Interest Rate:  N/A
  Minimum Interest Rate:  N/A

  Initial Interest Rate Per Annum:  To be determined two Business
       Days prior to the Original Issue Date.

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

  Interest Payment Dates if other than as set forth in the
  Prospectus Supplement:  Each February 4, May 4,  August 4 and
       November 4, commencing on February 4, 1995 and ending on
       the Maturity Date.

  Interest Reset Periods and Dates:
  __ Daily   __ Weekly   __ Monthly
  X  Quarterly (On each Interest Payment Date)
  __ Semiannually  __ Annually

  Interest Determination Dates if other than as set forth in the
  Prospectus Supplement:  Two Business Days prior to each Interest
        Reset Date.



                      (Floating Rate Notes)
                                                       Page 3
                       Pricing Supplement No. 2027
                       Dated October 27, 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 DEM10,000 and integral multiples of DEM1,000 in
  excess thereof.

Repayment, Redemption and Acceleration:

  Optional Repayment Date:  N/A
  Annual Redemption Percentage Reduction:  N/A
  Initial Redemption Date:  N/A
  Initial Redemption Percentage:  N/A

Plan of Distribution:

  Goldman Sachs & Co. oHG is acting as Agent in connection with
  the sale of the Notes.