PROSPECTUS                 Pricing Supplement No. 2066
Dated April 1, 1994        Dated November 28, 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
                (Redeemable Step Up Coupon Notes)

Series:  A X    B __   C __

Principal Amount:  US$20,000,000

Trade Date:  November 28, 1994

Settlement Date (Original Issue Date):December 21, 1994

Maturity Date: December 21, 2004 (unless earlier redeemed as
       described under "Additional Terms--Optional Redemption"
       below.

Price to Public (Issue Price):  The Notes will be sold at varying
       prices to be determined by the Underwriter at the time of
       each sale.  See "Plan of Distribution" below.

Agent's Discount or Commission:  The Notes are being purchased by
       the Underwriter at 100% of their principal amount and will
       be sold at varying prices to be determined at the time of
       sale. See "Plan of Distribution" below.

Net Proceeds to Issuer (in Specified Currency):  US$20,000,000

Interest:

  Interest Rate:  The Notes will pay interest at the rate of 8.000%
       per annum for the period from the original issue date up to
       but excluding the second Interest Payment Date scheduled to
       occur on December 21, 1995; thereafter, the interest rate
       on the Notes will reset annually on each December 21 in
       accordance with the schedule set forth under "Additional
       Terms--Interest" below. 





POTENTIAL PURCHASERS OF THE NOTES ARE URGED TO READ THIS PRICING
SUPPLEMENT THOROUGHLY TOGETHER WITH THE ACCOMPANYING PROSPECTUS AND
PROSPECTUS SUPPLEMENT EACH DATED APRIL 1, 1994. SEE "CERTAIN
INVESTMENT CONSIDERATIONS" HEREIN. 

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


                (Redeemable Step Up Coupon Notes)
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                       Pricing Supplement No. 2066 
                       Dated November 28, 1994
                       Rule 424(b)(3)-Registration Statement 
                                No. 33-54009
                       Rule 424(b)(3)-Registration Statement 
                                No. 33-54011           



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

  Interest Payment Dates:  Each December 21 and June 21, commencing
       on June 21, 1995 up to and including the Maturity Date
       unless earlier redeemed.  See "Additional Terms--Interest"
       below.

Repayment, Redemption and Acceleration:

  Optional Repayment Date:  Not applicable ("N/A")              
  Initial Redemption Date:  December 21, 1995 (See  "Additional
       Terms--Redemption" below)
  Initial Redemption Percentage:100%

Form of Notes: X  DTC registered        __ non-DTC registered

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
  Optional Payment Currency:  N/A  
  Designated Exchange Rate:  N/A

Indexed Notes:

  Currency Base Rate:  N/A


                (Redeemable Step Up Coupon Notes)
                                                       Page 3
                       Pricing Supplement No. 2066 
                       Dated November 28, 1994
                       Rule 424(b)(3)-Registration Statement 
                                No. 33-54009
                       Rule 424(b)(3)-Registration Statement 
                                No. 33-54011           




Additional Terms:

  Interest.  

  Interest on the Notes will accrue from December 21, 1994 and
  will be payable in U.S. dollars semiannually on each December 21
  and June 21, commencing June 21, 1995 up to and including the
  Maturity Date or date of earlier redemption (each, an "Interest
  Payment Date").  Interest will accrue from and including each
  Interest Payment Date to but excluding the next succeeding
  Interest Payment Date.  In the event an Interest Payment Date
  falls on a day other than a Business Day, interest will be paid
  on the next succeeding Business Day and no interest on such
  payment shall accrue for the period from and after such Interest
  Payment Date to such next succeeding Business Day.  The interest
  rate on the Notes will be equal to 8.000% per annum from and
  including the Original Issue Date up to but excluding December
  21, 1995.  Thereafter, the interest rate will be subject to
  adjustment annually on each December 21 in accordance with the
  following schedule:

          Interest Period                    Interest Rate
                                               (per annum)

     December 21, 1995 to December 20, 1996      8.125% per annum
     December 21, 1996 to December 20, 1997      8.250%
     December 21, 1997 to December 20, 1998      8.375%
     December 21, 1998 to December 20, 1999      8.500%
     December 21, 1999 to December 20, 2000      8.625%
     December 21, 2000 to December 20, 2001      8.750%
     December 21, 2001 to December 20, 2002      9.000%
     December 21, 2002 to December 20, 2003      9.500%
     December 21, 2003 to December 20, 2004     10.000%

  The amount of interest payable on each Interest Payment Date
  will be computed on the basis of a 360 day year consisting of
  twelve (12) thirty (30) day months.


                (Redeemable Step Up Coupon Notes)
                                                       Page 4
                       Pricing Supplement No. 2066 
                       Dated November 28, 1994
                       Rule 424(b)(3)-Registration Statement 
                                No. 33-54009
                       Rule 424(b)(3)-Registration Statement 
                                No. 33-54011           





  Optional Redemption.

  The Company may at its option elect to redeem the Notes in whole
  or in part on December 21, 1995 or on any Interest Payment Date
  thereafter (each such date, an "Optional Redemption Date") at
  100% of their principal amount plus accrued interest to but
  excluding the date of redemption (the "Redemption Date").  In
  the event the Company elects to redeem the Notes, notice will be
  given to registered holders not more than 60 nor less than 30
  days prior to the Redemption Date.

Certain Investment Considerations:

  Prospective purchasers of the Notes should be aware that the
  Notes will pay interest at different fixed rates each year
  through the Maturity Date unless earlier redeemed by the
  Company.  Prospective purchasers should also be aware that the
  Company has the option to redeem the Notes on any Optional
  Redemption Date and will be likely to elect to redeem the Notes
  in the event prevailing market interest rates are lower than the
  then-current interest rate on the Notes.

Plan of Distribution:

  The Notes are being purchased by Salomon Brothers Inc
  (hereinafter referred to as the "Underwriter") as principal at
  a purchase price of 100% of the aggregate principal amount of
  the Notes.  The Notes will be sold to the public at varying
  prices to be determined by the Underwriter at the time of each
  sale.  The net proceeds to the Corporation will be 100% of the
  principal amount of the Notes. 

  The Company has agreed to indemnify the Underwriter against and
  contribute toward certain liabilities, including liability under
  the Securities Act of 1933, as amended.