PROSPECTUS             Pricing Supplement No. 2128
Dated April 1, 1994    Dated January 24, 1995
PROSPECTUS SUPPLEMENT  Rule 424(b)(3)-Registration Statement No.
Dated April 1, 1994    33-55209

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

Trade Date:  January 24, 1995

Settlement Date (Original Issue Date):  February 1, 1995

Maturity Date:  February 1, 1997

Principal Amount (in Specified Currency): US$100,000,000

Net Proceeds to Issuer:  US$99,872,000

Agent's Discount or Commission: 0.128%

Price to Public (Issue Price): 100.00%

Interest Rate Per Annum:  7.85%

Interest Payment Date(s):

___  March 15 and September 15 of each year
 X   Other: August 1 and February 1 of each year, commencing
       August 1, 1995

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

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




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. 2128
                       Dated January 24, 1995
                       Rule 424(b)(3)-Registration Statement No.
                       33-55209

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

Plan of Distribution:

     The Notes are being purchased by Merrill Lynch, Pierce Fenner
& Smith Incorporated (the "Underwriter") at 100% of the aggregate
principal amount less an underwriting discount equal to 0.128%.

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