PROSPECTUS                 Pricing Supplement No. 3149
Dated January 10, 1995     Dated June 2, 1998
PROSPECTUS    SUPPLEMENT   Rule   424(b)(3)-Registration
                           Statement No.333-07469
Dated January 25, 1995

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

Trade Date:  June 2, 1998

Settlement Date (Original Issue Date):  June 5, 1998

Maturity Date: May 26, 2000

Principal Amount (in Specified Currency):  US$25,000,000

Price to Public (Issue Price):   100.00%

Agent's Discount or Commission:  0.175%

Net Proceeds to Issuer:    US$24,956,250

Interest Rate Per Annum:    5.78%

Interest Payment Date(s):

       XX    March  15  and  September  15  of  each  year,
       commencing  on  September 15, 1998 (with  respect  to
       the  period  from and including June 5, 1998  to  but
       excluding  September 15, 1998) and  on  the  Maturity
       Date  (with respect to the period from and  including
       March 15, 2000 to but excluding May 26, 2000)

       ___  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

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. 3149
                         Dated June 2, 1998
                         Rule 424(b)(3)-Registration
                         Statement No.333-07469


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:

   Certain Covenants of the Company.

   As  of  August  1,  1996,  the  Company  entered  into  a
   supplemental indenture with The Chase Manhattan Bank,  as
   trustee  (the  "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.  As of February 27,  1997,  the
   Company   entered  into  a  Third  Amended  and  Restated
   Indenture   with   the  Trustee.    References   in   the
   accompanying  Prospectus  Supplement  and  Prospectus  to
   "Indenture"  shall  be amended to  refer  to  such  Third
   Amended and Restated Indenture.

                   (Fixed Rate Notes)
                         Page 3
                         Pricing Supplement No. 3149
                         Dated June 2, 1998
                         Rule 424(b)(3)-Registration
                         Statement No. 333-07469

Additional Information:

  General.

  At   March   28,   1998,  the  Company   had   outstanding
  indebtedness  totalling  $138.313 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 28,
  1998  excluding subordinated notes payable after one  year
  was equal to $137.616 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:

           Year Ended December 31, Three Months Ended
     1993  1994  1995  1996 1997   March 28,1998
     1.62  1.63  1.51  1.53 1.48   1.54

  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 are hereby incorporated  in
   the  Prospectus by reference the Company's Annual  Report
   on  Form  10-K for the year ended December 31, 1997,  and
   the  Company's  Quarterly Report on  Form  10-Q  for  the
   quarter  ended March 28, 1998, heretofore filed with  the
   Securities  and  Exchange  Commission  pursuant  to   the
   Securities  Exchange Act of 1934, as  amended,  to  which
   reference is hereby made.

Plan of Distribution:

  PaineWebber Incorporated is acting as agent in  connection
  with  the  distribution  of the  Notes.   The  Agent  will
  receive  a  selling  commission equal  to  0.175%  of  the
  principal amount of the Notes.