PROSPECTUS                 Pricing Supplement No. 2315
Dated January 10, 1995     Dated April 21, 1995
PROSPECTUS SUPPLEMENT      Rule 424(b)(3)-Registration Statement
                                 No. 33-55209
Dated January 25, 1995

              GENERAL ELECTRIC CAPITAL CORPORATION
               GLOBAL MEDIUM-TERM NOTES, SERIES A
                (Redeemable Step Up Coupon Notes)

Principal Amount:  US$25,000,000

Trade Date:  April 21, 1995

Settlement Date (Original Issue Date):May 5, 1995

Maturity Date: May 5, 2005 (unless earlier redeemed as described
under "Additional Terms--Optional Redemption" below.)

Price to Public (Issue Price):  100.00%

Agent's Discount or Commission:  0.00%

Net Proceeds to Issuer (in Specified Currency):  US$25,000,000

Interest:

  Interest Rate:  The Notes will pay interest at the rate of 7.250%
          per annum for the period from the original issue date up
          to but excluding the second Interest Payment Date
          scheduled to occur on May 5, 1996; thereafter, the
          interest rate on the Notes will reset annually on each
          May 5 in accordance with the schedule set forth under
          "Additional Terms--Interest" below. 

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

  Interest Payment Dates:  Each May 5 and November 5, commencing
          on November 5, 1995 up to and including the Maturity Date
          unless earlier redeemed.  See "Additional Terms--
          Interest" below.

Repayment, Redemption and Acceleration:

  Initial Redemption Date:  May 5, 1996
          (See  "Additional Terms--Redemption" below)
  Initial Redemption Percentage:  100%
  Optional Repayment Date:  Not applicable ("N/A")

POTENTIAL PURCHASERS OF THE NOTES ARE URGED TO READ THIS PRICING
SUPPLEMENT THOROUGHLY TOGETHER WITH THE ACCOMPANYING PROSPECTUS
DATED JANUARY 10, 1995 AND PROSPECTUS SUPPLEMENT DATED JANUARY 25,
1995. 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)
                                                       Page 2
                       Pricing Supplement No. 2315 
                       Dated April 21, 1995
                       Rule 424(b)(3)-Registration Statement 
                                No. 33-55209
                                


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

Additional Terms:

  Interest.

  Interest on the Notes will accrue from May 5, 1995 and will be
  payable in U.S. dollars semiannually on each May 5 and November
  5, commencing November 5, 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 7.250% per annum from and including the
  Original Issue Date up to but excluding May 5, 1996. 
  Thereafter, the interest rate will be subject to adjustment
  annually on each May 5 in accordance with the following
  schedule:


                (Redeemable Step Up Coupon Notes)
                                                       Page 3
                       Pricing Supplement No. 2315 
                       Dated April 21, 1995
                       Rule 424(b)(3)-Registration Statement 
                                No. 33-55209



          Interest Period                    Interest Rate

          May 5, 1996 to May 4, 1997         7.350% per annum
          May 5, 1997 to May 4, 1998         7.450% per annum
          May 5, 1998 to May 4, 1999         7.650% per annum
          May 5, 1999 to May 4, 2000         7.900% per annum
          May 5, 2000 to May 4, 2001         8.150% per annum
          May 5, 2001 to May 4, 2002         8.500% per annum
          May 5, 2002 to May 4, 2003         9.000% per annum
          May 5, 2003 to May 4, 2004         9.500% per annum
          May 5, 2004 to May 4, 2005         10.000% per annum

  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.

  Optional Redemption.
  
  The Company may at its option elect to redeem the Notes in whole
  or in part on May 5, 1996 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.    


                (Redeemable Step Up Coupon Notes)
                                                       Page 4
                       Pricing Supplement No. 2315 
                       Dated April 21, 1995
                       Rule 424(b)(3)-Registration Statement 
                                No. 33-55209
                                



Plan of Distribution:

  The Notes are being purchased by Smith Barney Inc. (hereinafter
  referred to as the "Underwriter") as principal at a purchase
  price of 100% of the aggregate 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.