PROSPECTUS                 Pricing Supplement No. 2874
Dated January 10, 1995     Dated August 5, 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 Fixed Rate Notes)

Trade Date:  August 5, 1996

Settlement Date (Original Issue Date):  August 8, 1996

Maturity Date:  August 8, 2011 (subject to earlier redemption, as
set forth 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$19,975,000

Interest Rate Per Annum:  7.35%

Interest Payment Date(s):

  __   March 15 and September 15 of each year
  X    Other: February 8 and August 8 of each year, commencing on
       February 8, 1997

Form of Notes:

  X  DTC registered
  __ non-DTC registered

Repayment, Redemption and Acceleration

Initial Redemption Date:  August 8, 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. 2874
                       Dated August 5, 1996
                       Rule 424(b)(3)-Registration Statement 
                           No. 33-60723



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.

  Interest on the Notes will accrue from and including August 8,
  1996 and will be payable in U.S. dollars semi-annually on
  February 8 and August 8 each year, commencing February 8, 1997
  up to and including the Maturity Date or date of earlier
  redemption (each, an "Interest Payment Date").  

  Optional Redemption.

  The Company may at its option elect to redeem the Notes in whole
  on August 8, 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.


                       (Fixed Rate Notes)
                                               Page 3
                       Pricing Supplement No. 2874
                       Dated August 5, 1996
                       Rule 424(b)(3)-Registration Statement 
                           No. 33-60723


  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 the Issue Price of 100.00% of
  the aggregate principal amount less an underwriting discount
  equal to 0.125%.

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