PROSPECTUS                 Pricing Supplement No. 3182
Dated January 10, 1995     Dated August 18, 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:  August 18, 1998

Settlement Date (Original Issue Date):  August 21, 1998

Maturity Date:  August 21, 2000

Principal Amount (in Specified Currency):  US$100,000,000

Price to Public (Issue Price):            The  Notes  are   being
                         purchased by the Underwriter at  100.00%
                         of   their  principal  amount  less  the
                         Underwriter's  Commission  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:    0.1750%

Net Proceeds to Issuer (in Specified Currency):  US$99,825,000

Interest Rate:
  Interest Calculation:
   X 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)
   X LIBOR    Prime Rate   Treasury Rate
   Other (See "Additional Terms - Interest" below)

  Spread (Plus or Minus): minus  .0900% Spread Multiplier:  N/A

  Index Maturity: 3 Months             Index Currency:  US Dollar

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

               (Floating Rate Notes)
                      Page 2
                      Pricing Supplement No. 3182
                      Dated August 18, 1998
                      Rule 424(b)(3)-Registration Statement
                      No. 333-07469

  Interest Payment Period:             Quarterly

                           Interest    Payment   Dates:     Every
                           November 21, February 21, May 21,  and
                           August 21, commencing on November  21,
                           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:

   X 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

Dual Currency Notes:

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



               (Floating Rate Notes)
                      Page 3
                      Pricing Supplement No. 3182
                      Dated August 18, 1998
                      Rule 424(b)(3)-Registration Statement
                      No. 333-07469

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  June  27,  1998,  the Company had outstanding  indebtedness
  totalling $144.969 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  27, 1998 excluding  subordinated  notes
  payable after one year was equal to $144.272 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, Six Months Ended
     1993  1994  1995  1996 1997   June 27,1998
     1.62  1.63  1.51  1.53 1.48   1.50

  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)
                      Page 4
                      Pricing Supplement No. 3182
                      Dated August 18, 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 Reports on  Form
  10-Q  for the quarters ended March 28, 1998 and June 27,  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
  and  Smith  Incorporated (the "Underwriter"), as principal,  at
  the  Issue  Price of 100.00% of the aggregate principal  amount
  less   the  Underwriter's  Commission.   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