PROSPECTUS                 Pricing Supplement No. 2629
Dated January 10, 1995     Dated December 4, 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 Fixed Rate Notes)

Trade Date:  December 4, 1995

Settlement Date (Original Issue Date):   December 7, 1995

Maturity Date:  December 7, 2010

Principal Amount (in Specified Currency): US$25,000,000

Price to Public (Issue Price):  The Notes are being purchased by
the Underwriter at 100.00% 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 any discounts, commissions or
profits on resales of Notes that may be deemed underwriting
discounts or commissions, see "Plan of Distribution" below.

Agent's Discount or Commission:  The Notes will be sold at varying
prices to be determined by the Underwriter at the time of each
sale.

Net Proceeds to Issuer:  US$25,000,000

Interest Rate Per Annum:  6.70%

Interest Payment Date(s):

  __   March 15 and September 15 of each year
  X    Other: Monthly on the 7th of each month, commencing January
       7, 1996 (each period from and including an Interest Payment
       Date or the Original Issue Date, as the case may be, to but
       excluding the next succeeding Interest Payment Date being
       referred to as an "Interest Payment Period")

Repayment, Redemption and Acceleration:

  Initial Redemption Date: December 7, 1996, and thereafter on any
  Interest Payment Date (See  "Additional Terms--Redemption"
  below)
  Initial Redemption Percentage: 100%
  Optional Repayment Date:  Not applicable ("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. 2629
                       Dated December 4, 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
  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

Additional Terms:

  Interest.

  Accrued interest on the Notes for each Interest Payment Period
  shall be calculated and paid based on the number of days in such
  Period divided by 360 (the number of days in such Period to be
  calculated on the basis of a year of 360 days consisting of
  twelve 30-day months).  As a result, the amount payable on each
  Interest Payment Date will remain constant irrespective of the
  actual number of days that have elapsed since the preceding
  Interest Payment Date.

                       (Fixed Rate Notes)
                                             Page 3
                       Pricing Supplement No. 2629
                       Dated December 4, 1995
                       Rule 424(b)(3)-Registration Statement 
                           No. 33-55209


  Optional Redemption.

  The Company may at its option elect to redeem the Notes in whole
  on December 7, 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.

Plan of Distribution:

  The Notes are being purchased by Lehman Brothers Inc. (the
  "Underwriter"), as principal, at 100% of the aggregate principal
  amount.

  The Underwriter has advised the Company that the Underwriter
  proposes 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.