PROSPECTUS                      Pricing Supplement No. 3199
Dated January 10, 1995          Dated August 27, 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/Adjustable Rate Notes Due September 4, 2001)

Trade Date:  August 27, 1998

Settlement Date (Original Issue Date):   September 1, 1998

Maturity Date: September 4, 2001

Principal Amount (in Specified Currency):  US$200,000,000

Price to Public (Issue  Price):     The Notes are being purchased
                    by   the  Underwriter  at  100.00%  of  their
                    principal   amount  less  the   Underwriter's
                    discount  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:  0.055%

Net Proceeds to Issuer (in Specified Currency):  US$199,890,000

Interest Rate:
   Initial  Interest Rate Per Annum: Interest  on  the
Fixed/Adjustable Rate Notes will be payable on September 1, 1999
at the rate of  5.65% per  annum on an actual/360 basis and
thereafter at the Floating Rate described below.

  Floating Rate Interest Calculation:
  X Regular Floating Rate
  _ Inverse Floating Rate
  _ Other Floating Rate

  Interest Rate Basis:  5.65% until September 1, 1999,   then   o
  CD  Rate   _ Commercial Paper Rate   X Federal Funds Rate  (See
  "Additional Terms--Interest" below)     _ LIBOR   _ Prime  Rate
  _  Treasury  Rate    _ Other  (See "Additional Terms--Interest"
  below).

  Spread (Plus or Minus):  plus 0.20%   Spread Multiplier:  N/A

  Index Maturity:  N/A           Index Currency:  N/A

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

  Interest Payment Period:  Quarterly

                         Interest  Payment Dates:   September  1,
                         1999  (with  respect to the period  from
                         and  including September 1, 1998 to  but
                         excluding   September  1,  1999),    and
                         thereafter,  each  March  4,   June   4,
                         September  4 and December 4,  commencing
                         December  4,  1999  and  ending  on  the
                         Maturity Date.

                         Interest   Reset  Periods   and   Dates:
                         Commencing September 1, 1999, daily,  on
                         each  Business  Day,  except  that   the
                         interest  rate  in effect  for  the  two
                         Business  Days  preceding each  Interest
                         Payment  Date will be the interest  rate
                         in  effect  on  the second Business  Day
                         preceding such Interest Payment Date.

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/Adjustable Rate Notes Due September 4, 2001)
                                Page 2
                      Amended Pricing Supplement No. 3199
                      Dated August 27, 1998
                      Rule 424(b)(3)-Registration Statement
                      No. 333-07469

Interest Determination Dates: Commencing September  1, 1999,  one
Business       Day       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

Indexed Notes:
  Currency Base Rate:  N/A

Additional Terms:
  Interest.

  Interest on the Fixed/Adjustable Rate Notes will be payable  on
  September  1,  1999  at  the rate of 5.65%  per  annum   on  an
  actual/360  basis  (with  respect  to  the  period   from   and
  including  September  1,  1998 to but  excluding  September  1,
  1999).

  For  subsequent  periods  commencing  September  1,  1999,  the
  interest rate per annum on the Fixed/Adjustable Rate Notes  for
  each  interest period will be equal to the Federal  Funds  Rate
  plus  0.20% basis points.  The interest rate applicable to each
  daily  Interest Reset Period will equal the Federal Funds  Rate
  (as  defined in the Prospectus Supplement) plus the Spread  set
  forth  on  the cover page of this Pricing Supplement.  Interest
  will be payable quarterly on each March 4, June 4, September  4
  and  December  4, commencing on December 4, 1999,  and  on  the
  Maturity  Date  (each, an "Interest Payment  Date").   Interest
  will  reset   daily on each Business Day (the  "Interest  Reset
  Date")  from  the Original Issue Date up to but  excluding  the
  Maturity Date, except that the interest rate in effect for  the
  two Business Days preceding each Interest Payment Date will  be
  the  interest  rate  in  effect  on  the  second  Business  Day
  preceding   such   Interest   Payment   Date.    The   Interest
  Determination Date with respect to an Interest Reset Date  will
  be  one  Business  Day  prior  to  such  Interest  Reset  Date.
  Interest  payments  on  the  Notes will  equal  the  amount  of
  interest   accrued  from  and  including  the  next   preceding
  Interest  Payment  Date in respect of which interest  has  been
  paid  (or  from and including the Original Issue  Date,  if  no
  interest  has  been  paid with respect to  the  Notes)  to  but
  excluding the related Interest Payment Date.
     (Fixed /Adjustable Rate Notes Due September 4, 2001)
                                Page 3
                      Pricing Supplement No. 3199
                      Dated August 27, 1998
                      Rule 424(b)(3)-Registration Statement
                      No. 333-07469

   The  Calculation  Agent for the Notes will be  Merrill  Lynch,
Pierce, Fenner & Smith Incorporated.

  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.


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
  &  Smith Incorporated (the "Underwriter"), as principal, at the
  Issue  Price of 100.00% of the aggregate principal amount  less
  the  Underwriter's discount.  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.