PROSPECTUS                      Pricing Supplement No. 2731
Dated January 10, 1995          Dated January 26, 1996
PROSPECTUS SUPPLEMENT           Rule 424(b)(3)-Registration
Statement No. 33-60723
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:  January 26, 1996

Settlement Date (Original Issue Date):  January 31, 1996

Maturity Date:  January 31, 2011 (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 6.50%
  per annum for the period from the Original Issue Date up to but
  excluding the Interest Payment Date scheduled to occur on
  January 31, 1997; thereafter, the interest rate on the Notes
  will reset annually on each January 31 in accordance with the
  schedule set forth under "Additional Terms--Interest" below. 

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

  Interest Payment Dates:  July 31 and January 31 of each year,
  commencing July 31, 1996.  See "Additional Terms--Interest"
  below.

Repayment, Redemption and Acceleration:

  Initial Redemption Date:  January 31, 1997 (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

                                                           Page 2
                       Pricing Supplement No. 2731 
                       Dated January 26, 1996
                       Rule 424(b)(3)-Registration Statement 
                                No. 33-60723


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

  The Notes will be available in denominations of $1,000 and
  increments of $1,000 in excess thereof.

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

Indexed Notes:

  Currency Base Rate:  N/A

Additional Terms:

  Interest.  

  Interest on the Notes will accrue from January 31, 1996 and will
  be payable in U.S. dollars semi-annually on July 31 and January
  31 of each year, commencing July 31, 1996 (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 6.50% per annum from and
  including the Original Issue Date up to but excluding January
  31, 1997.  Thereafter, the interest rate will be subject to
  adjustment annually on each January 31 in accordance with the
  following schedule:


                                                           Page 3
                       Pricing Supplement No. 2731 
                       Dated January 26, 1996
                       Rule 424(b)(3)-Registration Statement 
                                No. 33-60723




          Interest Period                         Interest Rate
                                                  (per annum)

     January 31, 1997 to January 30, 1998            6.550%
     January 31, 1998 to January 30, 1999            6.600%
     January 31, 1999 to January 30, 2000            6.650%
     January 31, 2000 to January 30, 2001            6.700%
     January 31, 2001 to January 30, 2002            6.750%
     January 31, 2002 to January 30, 2003            6.800%
     January 31, 2003 to January 30, 2004            6.850%
     January 31, 2004 to January 30, 2005            6.900%
     January 31, 2005 to January 30, 2006            6.950%
     January 31, 2006 to January 30, 2007            7.000%
     January 31, 2007 to January 30, 2008            7.500%
     January 31, 2008 to January 30, 2009            8.000%
     January 31, 2009 to January 30, 2010            8.500%
     January 31, 2010 to January 30, 2011            9.000%

  Optional Redemption.

  The Company may at its option elect to redeem the Notes in whole
  on January 31, 1997 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.

  General

  At September 30, 1995, the Company had outstanding indebtedness
  totalling $100.241 billion, consisting of notes payable within
  one year, senior notes payable after one year and subordinated
  notes payable after one year.  The total amount of outstanding
  indebtedness at September 30, 1995 excluding subordinated notes
  payable after one year was equal to $99.544 billion.

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.    


                                                           Page 4
                       Pricing Supplement No. 2731 
                       Dated January 26, 1996
                       Rule 424(b)(3)-Registration Statement 
                                No. 33-60723




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.