PROSPECTUS                         Pricing Supplement No. 2884
Dated January 10, 1995             Dated September 4, 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:  September 4, 1996

Settlement Date (Original Issue Date):  September 9, 1996

Maturity Date:  September 9, 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):  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$20,000,000

Interest Rate Per Annum:  7.75%

Interest Payment Date(s):

   __     March 15 and September 15 of each year
   X      Other: Monthly on the 9th day of each month, commencing on
          October 9, 1996, and ending on the Maturity Date (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 are referred to
          herein as an "Interest Period")

Form of Notes:

   X  DTC registered        __ non-DTC registered


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. 2884
                             Dated September 4, 1996
                             Rule 424(b)(3)-Registration Statement 
                                   No. 33-60723


Repayment, Redemption and Acceleration

Initial Redemption Date:  September 9, 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

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 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. 2884
                             Dated September 4, 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 September 9, 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 June 29, 1996, the Company had outstanding indebtedness
   totalling $112.517 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 June 29, 1996 excluding subordinated notes
   payable after one year was equal to $111.820 billion.

Plan of Distribution:

   The Notes are being purchased by Lehman Brothers Inc. (the
   "Underwriter"), as principal, at the Issue Price of 100.00% 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.