PROSPECTUS            Revised Pricing Supplement No. 2128
Dated April 1, 1994   Dated January 30, 1995
PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement
Dated April 1, 1994   No. 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

Agent's Discount or Commission:
  The Notes are being purchased by the Underwriter at 99.872% of
  their principal amount and will be sold at varying prices to be
  determined at the time of sale.  For further information with
  respect to the plan of distribution and any discounts,
  commissions or profits on resales of Notes that may be deemed
  underwriting discounts or commissions, see "Plan of
  Distribution" 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.

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

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
                       Revised Pricing Supplement No. 2128
                       Dated January 30, 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 (hereinafter referred to as the "Underwriter")
as principal at a purchase price of 99.872% of the aggregate
principal amount of the Notes.  The Underwriter has advised the
Company that the Underwriter proposed to offer the Notes from time
to time for sale in negotiated transactions or otherwise, at prices
determined at the time of sale.

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