PROSPECTUS                             Pricing Supplement No. 2967
Dated January 10, 1995                 Dated February 10, 1997
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:  February 10, 1997

Settlement Date (Original Issue Date):  February 13, 1997

Maturity Date:  February 13, 2007 (subject to earlier redemption,
as set forth under "Additional Terms-Redemption")

Principal Amount (in Specified Currency): US$38,000,000

Price to Public (Issue Price): 100.00%

Agent's Discount or Commission: 0.00%

Net Proceeds to Issuer:  US$38,000,000

Interest Rate Per Annum:  7.30%

Interest Payment Date(s):

    __       March 15 and September 15 of each year
    X        Other: Semiannually on February 13 and August 13,
             commencing on August 13, 1997 

Form of Notes:

    X  DTC registered        __ non-DTC registered

Repayment, Redemption and Acceleration

Initial Redemption Date:  February 13, 1998, 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. 2967
                                      Dated February 10, 1997
                                      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 February 13, 1997 and
    will be payable in U.S. dollars semi-annually on February 13 and
    August 13 of each year, commencing August 13, 1997 and on 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.  


                                             (Fixed Rate Notes)
                                              Page 3
                                      Pricing Supplement No. 2967
                                      Dated February 10, 1997
                                      Rule 424(b)(3)-Registration Statement 
                                              No. 33-60723


    Optional Redemption.

    The Company may at its option elect to redeem the Notes in whole
    or in part on February 13, 1998 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.

Additional Terms:

    Certain Covenants of the Company.

    As of August 1, 1996, the Company entered into a supplemental
    indenture with The Chase Manhattan Bank, as trustee, eliminating
    the covenants of the Company described in the Prospectus under
    the caption "Certain Covenants of the Company".  Consequently,
    the information under such caption is not applicable to the
    Notes.

Additional Information:

    General.

    At September 28, 1996, the Company had outstanding indebtedness
    totalling $114.704 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 28, 1996 excluding subordinated notes
    payable after one year was equal to $114.007 billion.

    Consolidated Ratio of Earning to Fixed Charges.

    The information contained in the Prospectus under the caption
    "Consolidated Ratio of Earnings to Fixed Charges" is hereby
    amended in its entirety, as follows:


                                             (Fixed Rate Notes)
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                                      Pricing Supplement No. 2967
                                      Dated February 10, 1997
                                      Rule 424(b)(3)-Registration Statement 
                                              No. 33-60723



                 Year Ended December                       Nine Months Ended
         1991    1992    1993     1994    1995             September 28, 1996

         1.34    1.44    1.62     1.63    1.51                    1.56

    For purposes of computing the consolidated ratio of earnings to
    fixed charges, earnings consist of net earnings adjusted for the
    provision for income taxes, minority interest and fixed charges. 
    Fixed charges consist of interest and discount on all
    indebtedness and one-third of rentals, which the Company
    believes is a reasonable approximation of the interest factor of
    such rentals.

    Documents Incorporated by Reference.

    The information contained in the Prospectus in the first
    paragraph of text under the caption "Documents Incorporated by
    Reference" is hereby amended in its entirety, as follows:  There
    is hereby incorporated in the Prospectus by reference the
    Company's Annual Report on Form 10-K for the year ended December
    31, 1995, the Company's Quarterly Reports on Form 10-Q for the
    quarters ended March 30, 1996, June 29, 1996 and September 28,
    1996 and the Company's Form 8-K dated June 28, 1996 heretofore
    filed with the Securities and Exchange Commission pursuant to
    the 1934 Act, to which reference is hereby made.

Plan of Distribution:

    The Notes are being purchased by Donaldson, Lufkin & Jenrette
    Securities Corporation (the "Underwriter"), as principal, at the
    Issue Price of 100.00% of the aggregate principal amount.

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