PROSPECTUS                 Pricing Supplement No. 3029 
Dated January 10, 1995     Dated September 5, 1997
PROSPECTUS SUPPLEMENT      Rule 424(b)(3)-Registration Statement
Dated January 25, 1995     No. 33-60723

              GENERAL ELECTRIC CAPITAL CORPORATION
               GLOBAL MEDIUM-TERM NOTES, SERIES A
                       (Fixed Rate Notes)

Trade Date:  September 5, 1997

Settlement Date (Original Issue Date):  September 10, 1997

Maturity Date:  September 15, 2015

Principal Amount (in Specified Currency):  US$250,000,000 

Price to Public (Issue Price): 99.654%

Agent's Discount or Commission:  0.600%

Net Proceeds to Issuer:  US$247,635,000

Interest Rate Per Annum:  6.9000%

Interest Payment Date(s):

     X   March 15 and September 15 of each year, commencing on
         March 15, 1998 (with respect to the period from and
         including September 10, 1997 to but excluding March 15,
         1998)
    ___  Other: 

Form of Notes:

     X   DTC registered        ___ non-DTC registered

Repayment, Redemption and Acceleration

    Optional Repayment Date(s):  N/A
    Initial Redemption Date:  N/A
    Initial Redemption Percentage:  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


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. 3029
                         Dated September 5, 1997
                         Rule 424(b)(3)-Registration Statement
                         No. 33-60723

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:

   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 June 28, 1997 the Company had outstanding indebtedness
   totaling $121.845 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 28, 1997 excluding subordinated notes
   payable after one year was equal to $121.148 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)
                                   Page 3
                         Pricing Supplement No. 3029
                         Dated September 5, 1997
                         Rule 424(b)(3)-Registration Statement
                         No. 33-60723


        Year Ended December 31,              Three Months Ended
     1992    1993    1994    1995    1996    June 28, 1997
     1.44    1.62    1.63    1.51    1.53    1.55

   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, 1996 and the Company's Quarterly Reports on Form 10-Q for
   the quarters ended March 29, 1997 and June 28, 1997 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 the following financial
   institutions (the "Underwriters"), as principal, at 100% of the
   aggregate principal amount less an underwriting discount equal
   to 0.600% of the principal amount of the Notes:

         Financial Institutions                   Amount of Notes

        Lehman Brothers Inc.                      US$170,000,000
        Bear, Stearns & Co. Inc.                      40,000,000
        Nations Banc Capital Markets, Inc.            40,000,000

        Total                                     US$250,000,000

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