PROSPECTUS                 Pricing Supplement No. 3150
Dated January 10, 1995     Dated June 4, 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
                     (Floating Rate Notes)
Trade Date:  June 4, 1998

Settlement Date (Original Issue Date):  June 9, 1998

Maturity Date:  June 9, 1999

Principal Amount (in Specified Currency):  US$400,000,000

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 any Notes sold
                         with  more  than a de minimis amount  of
                         original  issue  discount,  see  "United
                         States   Tax  Considerations"   in   the
                         accompanying Prospectus Supplement.  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 (in Specified Currency):  US$400,000,000

Interest Rate:
  Interest Calculation:
   XX  Regular Floating Rate
       Inverse Floating Rate
       Other Floating Rate

  Interest Rate Basis: __ CD Rate __ Commercial Paper Rate
   __ Federal Funds Rate (See "Additional Terms - Interest" below)
   XX LIBOR   __ Prime Rate  XX Treasury Rate
   __ Other (See "Additional Terms - Interest" below)


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.

                (Floating Rate Notes)
                      Page 2
                      Pricing Supplement No. 3150
                      Dated June 4, 1998
                      Rule 424(b)(3)-Registration Statement
                      No. 333-07469

  Spread (Plus or Minus): minus 0.125% Spread Multiplier:  N/A

  Index Maturity: 3 Months        Index Currency:  US Dollar

   Maximum  Interest Rate:  N/A   Minimum  Interest  Rate: N/A

  Interest Payment Period:  Quarterly

                           Interest    Payment   Dates:     Every
                           December  9,  March  9,  June  9   and
                           September  9, commencing on  September
                           9, 1998.
  Initial Interest Rate
                           Per   Annum:   To  be  determined  two
                           London  Banking  Days  prior  to   the
                           Original Issue Date.  "London  Banking
                           Day"    means   any   day   on   which
                           commercial   banks   are   open    for
                           business   (including   dealings    in
                           foreign  exchange and foreign currency
                           deposits) in London, England.

  Interest Reset Periods
  and Dates:              Quarterly on each Interest Payment Date

   Interest Determination Dates:    Two London Banking Days prior
to each Interest Reset Date

Form of Notes:

   XX DTC registered         non-DTC registered

Repayment, Redemption and Acceleration:

  Optional Repayment Date:  N/A
  Annual redemption Percentage Reduction:  N/A
  Initial Redemption Date:  N/A
  Initial Redemption Percentage:  N/A

Original Issue Discount

  Amount of OID:  N/A
  Interest Accrual Date:  N/A
  Yield to Maturity:  N/A
  Initial Accrual Period OID:  N/A

Amortizing Notes:

  Amortization Schedule:  N/A


                (Floating Rate Notes)
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                      Pricing Supplement No. 3150
                      Dated June 4, 1998
                      Rule 424(b)(3)-Registration Statement
                      No. 333-07469
Dual Currency Notes:

  Face Amount Currency:  N/A
  Optional Payment Currency:  N/A
  Designated Exchange Rate:  N/A

Indexed Notes:

  Currency Base Rate:  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

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.

                (Floating Rate Notes)
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                      Pricing Supplement No. 3150
                      Dated June 4, 1998
                      Rule 424(b)(3)-Registration Statement
                      No. 333-07469

  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:

  The  Notes are being purchased by Merrill Lynch, Pierce, Fenner
  &  Smith Incorporated (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   to   be
  determined  at  the  time of sale.  In the ordinary  course  of
  their   respective   businesses,  the   Underwriter   and   its
  affiliates  have  engaged  and may in  the  future  engage,  in
  commercial  banking  and investment banking  transactions  with
  the Company and affiliates of the Company.

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