PROSPECTUS                 Pricing Supplement No. 2798
Dated January 10, 1995     Dated February 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$20,000,000

Trade Date:  February 26, 1996

Settlement Date (Original Issue Date):February 29, 1996

Maturity Date:  March 1, 2011 (unless earlier redeemed as described
under "Additional Terms--Optional Redemption" below.)

Price to Public (Issue Price):100.00%

Agent's Discount or Commission:  0.125%

Net Proceeds to Issuer (in Specified Currency):  US$19,975,000

Interest:

  Interest Rate:  The Notes will pay interest at the rate of 6.80%
  per annum for the period from the Original Issue Date up to but
  excluding the Interest Payment Date scheduled to occur on March
  1, 1997 (with respect to the period from and including February
  19, 1996 to but excluding March 1, 1997); thereafter, the
  interest rate on the Notes will reset annually on each March 1
  in accordance with the schedule set forth under "Additional
  Terms--Interest" below. 

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

  Interest Payment Dates:  September 1 and March 1 of each year,
  commencing September 1, 1996 (with respect to the period from
  and including February 29, 1996 to but excluding September 1,
  1996), up to and including the Maturity Date, unless earlier
  redeemed.  See "Additional Terms--Interest" below.




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

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                       Pricing Supplement No. 2798 
                       Dated February 26, 1996
                       Rule 424(b)(3)-Registration Statement 
                                No. 33-60723


  Repayment, Redemption and Acceleration:

  Initial Redemption Date:  March 1, 1997 (See  "Additional Terms-
  -Redemption" below)
  Initial Redemption Percentage:  100%
  Optional Repayment Date:  Not applicable ("N/A")

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 February 29, 1996 and
  will be payable in U.S. dollars semi-annually on September 1 and
  March 1 of each year, commencing September 1, 1996 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 6.80% per annum from


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                       Pricing Supplement No. 2798 
                       Dated February 26, 1996
                       Rule 424(b)(3)-Registration Statement 
                                No. 33-60723


  and including the Original Issue Date up to but excluding March
  1, 1997.  Thereafter, the interest rate will be subject to
  adjustment annually on each March 1 in accordance with the
  following schedule:

          Interest Period                    Interest Rate
                                             (per annum)

     March 1, 1997 to February 28, 1998          6.850%
     March 1, 1998 to February 28, 1999          6.900%
     March 1, 1999 to February 29, 2000          6.950%
     March 1, 2000 to February 28, 2001          7.000%
     March 1, 2001 to February 28, 2002          7.050%
     March 1, 2002 to February 28, 2003          7.100%
     March 1, 2003 to February 29, 2004          7.150%
     March 1, 2004 to February 28, 2005          7.200%
     March 1, 2005 to February 28, 2006          7.250%
     March 1, 2006 to February 28, 2007          7.300%
     March 1, 2007 to February 29, 2008          7.350%
     March 1, 2008 to February 28, 2009          7.500%
     March 1, 2009 to February 28, 2010          7.750%
     March 1, 2010 to February 28, 2011          8.250%

  Optional Redemption.

  The Company may at its option elect to redeem the Notes in whole
  on March 1, 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.


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                       Pricing Supplement No. 2798 
                       Dated February 26, 1996
                       Rule 424(b)(3)-Registration Statement 
                                No. 33-60723



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.    

Additional Terms:

  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.

Plan of Distribution:

  The Notes are being purchased by Goldman, Sachs & Co.
  (hereinafter referred to as the "Underwriter") as principal at
  a issue price of 100% of the aggregate principal amount of the
  Notes, less an underwriting discount equal to 0.125%.

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