PROSPECTUS                 Pricing Supplement No. 2844
Dated January 10, 1995     Dated May 16, 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 Down Coupon Notes)

Trade Date:May 16, 1996

Settlement Date (Original Issue Date):   May 21, 1996

Maturity Date:May 23, 2011 (subject to earlier redemption, as set
forth below under "Additional Terms-Redemption")

Principal Amount (in Specified Currency):US$20,000,000

Price to Public (Issue Price):   100.00%

Agent's Discount or Commission:  0.125%

Net Proceeds to Issuer: US$20,000,000

Interest Rate Per Annum:  8.50% for the period from and including
May 21, 1996 to but excluding May 21, 1997; thereafter, 7.25% per
annum for the period from and including May 21, 1997 up to but
excluding the Maturity Date or date of earlier redemption.

Interest Payment Date(s):

  __   March 15 and September 15 of each year
  X    Other: Semi-Annually on May 21 and November 21, commencing
       November 21, 1996, and ending on the Maturity Date (with
       respect to the period from and including the preceding
       Interest Payment Date on November 21, 2010 to but excluding
       the Maturity Date) or date of earlier redemption.

Repayment, Redemption and Acceleration:

Initial Redemption Date: May 21, 1997, 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. 2844
                       Dated May 16, 1996
                       Rule 424(b)(3)-Registration Statement 
                           No. 33-60723

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

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.

  Interest on the Notes will accrue from and including May 21,
  1996 and will be payable in U.S. dollars semi-annually on May 21
  and November 21 each year, commencing November 21, 1996 and on
  the Maturity Date (with respect to the period from and including
  the preceding November 21, 2010 up to but excluding the Maturity
  Date) (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
  8.50% per annum from and including the Original Issue Date up to
  but excluding May 21, 1997; thereafter, the interest rate will
  be adjusted to 7.25% per annum from and including May 21, 1997
  to but excluding the Maturity Date or date of earlier
  redemption.


                       (Fixed Rate Notes)
                                               Page 3
                       Pricing Supplement No. 2844
                       Dated May 16, 1996
                       Rule 424(b)(3)-Registration Statement 
                           No. 33-60723


  Optional Redemption.

  The Company may at its option elect to redeem the Notes in whole
  on May 21, 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 March 30, 1996, the Company had outstanding indebtedness
  totalling $109.096 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 March 30, 1996 excluding subordinated notes
  payable after one year was equal to $108.399 billion.

Plan of Distribution:

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

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