PROSPECTUS                 Pricing Supplement No. 3230
Dated January 10, 1995     Dated October 16, 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:  October 16, 1998

Settlement Date (Original Issue Date): October 20, 1998

Maturity Date: October 20, 2038 (subject to earlier redemption or
repayment as described under "Additional Terms--Redemption of the
Notes"  and  "Additional Terms--Repayment at Option  of  Holder",
respectively).

Principal Amount (in Specified Currency): US$ 40,000,000

Price to Public (Issue Price):  100%

Agent's Discount or Commission:  01.00%

Net Proceeds to Issuer (in Specified Currency): US$ 39,600,000

Interest Rate:

   Interest  on the Notes is payable semiannually in  arrears  on
each  October  20 and April 20, commencing April 20,  1999  (with
respect to the period from and including October 20, 1998 to  but
excluding April 20, 1999) and on the Maturity Date (with  respect
to  the period from and including April 20, 2038 to but excluding
October  20, 2038) (each such date, an "Interest Payment  Date").
The  rate  of  interest payable on each Note is a variable  rate,
which  shall  be based on the Commercial Paper Rate  (as  defined
herein) minus a Spread equal to 30 basis points.  Interest on the
Notes  will  reset  monthly  on  the  20th  day  of  each  month,
commencing  November  20, 1998 (each an "Interest  Reset  Date").
The  interest  rate applicable to the first Accrual Period  (from
and  including  October  20, 1998 to but excluding  November  20,
1998)  commencing on the Original Issue Date shall be  determined
two  Business Days prior the Original Issue date set forth above.
See "Additional Terms--Interest" herein.

Repayment, Redemption and Acceleration

  The Notes are redeemable at the option of the Company, in whole
or  in  part,  at  any  time on or after October  20,  2028  (the
"Initial  Redemption Date") through October 19, 2033 at  105%  of
the  principal  amount thereof and thereafter at  the  decreasing
prices  as set forth herein, together in each case with  interest
to  the date of redemption.  See "Additional Terms--Redemption of
the Notes."


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. 3230
                         Dated October 16, 1998
                         Rule  424(b)(3)-Registration  Statement
                         No. 333-07469

   The  Notes  will be repayable at the option of the holder,  on
October  20, 2008 at 99.39% of their principal amount, on October
20, 2011 at 99.60% of their principal amount, on October 20, 2014
at  99.87% of their principal amount and on October 20,  2017  at
100%  of  their  principal amount and on each  third  anniversary
thereafter  at  100% of their principal amount together  in  each
case  with  interest to the date of repayment.   See  "Additional
Terms--Repayment at Option of Holder.

Form of Notes:

XX  DTC registered       ___ non-DTC registered

Additional Terms:

  General.

   The  following description of the terms of the  Notes  offered
hereby  supplements,  and  to the extent  inconsistent  therewith
replaces,  insofar as such description relates to the Notes,  the
description of the general terms and provisions of the Notes  set
forth  in the accompanying Prospectus dated January 10, 1995  and
Prospectus Supplement, dated January 25, 1995.

  Interest.

   The  Notes  will  bear  interest from October  20,  1998  (the
"Original Issue Date") and will be payable semi-annually on April
20  and October 20 of each year, commencing April 20, 1999  (with
respect to the period from and including October 20, 1998 to  but
excluding April 20, 1999) and on the Maturity Date (with  respect
to  the period from and including April 20, 2038 to but excluding
October  20, 2038).  In the event that any Interest Payment  Date
is  not  a  Business  Day (other than the  Maturity  Date),  such
Interest  Payment Date will be the next succeeding Business  Day,
if  the Maturity Date falls on a day that is not a Business  Day,
the  payment of principal and interest will be made on  the  next
succeeding  Business  Day and no interest shall  accrue  for  the
period  from  and  after such Maturity Date.   "Interest  Period"
shall mean each period beginning on the Original Issue Date or an
Interest  Payment  Date up to but excluding the  next  succeeding
Interest Payment Date.

   The  Notes  will bear interest for each Interest Period  at  a
variable  rate per annum based on the Commercial Paper  Rate  (as
defined below) for each Accrual Period (as defined below)  within
such  Interest Period, minus the Spread of 30 basis points.   The
"Accrual  Period" shall be the period beginning on and  including
the  Original Issue Date and ending on and excluding November 20,
1998,  and  thereafter each successive one-month period beginning
on  and  including  the  20th of each month  and  ending  on  and
including  the day preceding the next Accrual Period, whether  or
not  such  day  is a Business Day.  Interest during each  Accrual
Period  will  accrue  at  the Commercial Paper  Rate,  minus  the
Spread,  if  any,  for  such Accrual Period  on  the  outstanding
principal  amount of the Notes and on the sum of the  amounts  of
interest  for  each  of the previous Accrual  Periods  within  an
Interest Period.
                  (Floating Rate Notes)
                              Page 3
                         Pricing Supplement No. 3230
                         Dated October 16, 1998
                         Rule  424(b)(3)-Registration  Statement
                         No. 333-07469

   The  Commercial Paper Rate for each Accrual Period within each
Interest  Period will be determined by the Calculation  Agent  by
the  Calculation Date (as defined below) in accordance  with  the
following provisions.

       The "Commercial Paper Rate" for each Accrual Period within
  each Interest Period shall be the Bond Equivalent Yield of  the
  rate  set  forth  in  "Statistical Release H.15(519),  Selected
  Interest  Rates"  published by the Board of  Governors  of  the
  Federal  Reserve  System, or any successor publication  of  the
  Board    of   Governors   of   the   Federal   Reserve   System
  ("H.15(519)"),    under   the   caption   "Commercial    Paper-
  Nonfinancial" for the 1-month maturity.  If on the  Calculation
  Date  with  respect  to such Interest Determination  Date,  the
  appropriate rate for an Interest Determination Date is not  yet
  published  in  H.15(519), then the Commercial  Paper  Rate  for
  such  Accrual  Period shall be determined  as  if  the  parties
  specified USD-CP-Reference Dealers. "USD-CP-Reference  Dealers"
  means  that  the rate for an Interest Reset Date  will  be  the
  Bond  Equivalent Yield of the arithmetic mean  of  the  offered
  rates of the Reference Dealers as of 11:00 a.m., New York  City
  time,  on that day for U.S. Dollar commercial paper of  the  1-
  month  maturity placed for industrial issuers whose bond rating
  is  "Aa" or the equivalent from a nationally recognized  rating
  agency.   "Reference  Dealers" means three leading  dealers  of
  U.S.  dollar commercial paper in New York City selected by  the
  Calculation Agent.  If fewer than three such offered rates  are
  available  on such Calculation Date, the Commercial Paper  Rate
  for  such Accrual Period will be equal to the offered rate  for
  U.S.  dollar  deposits  having a maturity  of  one  month  that
  appears  on  the  Reuters Screen ISDA Page as  of  11:00  A.M.,
  London  time, on such Interest Determination Date, less  0.25%.
  If  such offered rate does not appear on such Calculation Date,
  the  Commercial  Paper  Rate for such Accrual  Period  will  be
  equal  to the arithmetic mean, as calculated by the Calculation
  Agent,  of the offered rates for U.S. dollar deposits having  a
  maturity  of  one month that appear on the Reuters Screen  LIBO
  Page   as   of  11:00  A.M.,  London  time,  on  such  Interest
  Determination  Date,  less  0.25%.   If  fewer  than  two  such
  offered  rates appear on such Calculation Date, the  Commercial
  Paper  Rate for such Accrual Period will be determined  on  the
  basis  of the rates at which deposits in U.S. dollars having  a
  maturity  of  one month and in a principal amount equal  to  an
  amount  of  not less than U.S.$1,000,000 that is representative
  for  a  single  transaction in such market  at  such  time  are
  offered  at  approximately 11:00 A.M.,  London  time,  on  that
  Interest  Determination Date by four major banks in the  London
  interbank  market  selected  by  the  Calculation  Agent   (the
  "Reference  Banks")  to  prime banks in  the  London  interbank
  market.   The  Calculation  Agent will  request  the  principal
  London  office  of each of such Reference Banks  to  provide  a
  quotation  of  its rates.  If at least two such quotations  are
  provided  on such Calculation Date, the Commercial  Paper  Rate
  for  such Accrual Period shall be the arithmetic mean  of  such
  quotations,  less  0.25%.   If fewer than  two  quotations  are
  provided  on such Calculation Date, the Commercial  Paper  Rate
  for  such  Accrual Period shall be the arithmetic mean  of  the
  rates  quoted at approximately 11:00 A.M., New York City  time,
  on  that  Interest Determination Date by three major  banks  in
  The  City  of  New York selected by the Calculation  Agent  for
  such  Accrual  Period  for  loans in U.S.  dollars  to  leading
  European  banks  having  a maturity  of  one  month  and  in  a
  principal   amount  equal  to  an  amount  of  not  less   than
  U.S.$1,000,000 that is representative for a single  transaction
  in  such  market  at  such time less 0.25%; provided,  however,
  that  if  the  banks  in  The City  of  New  York  selected  as
  aforesaid   by  the  Calculation  Agent  are  not  quoting   as
  mentioned  in  this  sentence  on such  Calculation  Date,  the
  Commercial  Paper Rate for such Accrual Period  shall,  subject
  to  the next succeeding paragraph, be the Commercial Paper Rate
  in effect for the immediately preceding Accrual Period.
                   (Floating Rate Notes)
                              Page 4
                         Pricing Supplement No. 3230
                         Dated October 16, 1998
                         Rule  424(b)(3)-Registration  Statement
                         No. 333-07469
  
       In  the event that none of the foregoing sources of  rates
  are  available for a period of six consecutive Accrual Periods,
  the  Calculation Agent shall select (i) an index  for  interest
  rates  and  alternatives for such index that are comparable  to
  indices  for  commercial paper having a 30-day maturity  placed
  for  issuers  the bond rating of which is "AA" or  indices  for
  U.S.  dollar deposits having a maturity of one month  and  (ii)
  an   appropriate   source  or  sources  for  such   index   and
  alternative  indices.  Upon notice of such selection  given  by
  the  Company or, at the Company's request, the Trustee, to  the
  holders  of the Notes, such index, alternative indices and  the
  sources  therefor shall be used for determining the  Commercial
  Paper  Rate  for  each  succeeding Accrual  Period  until  such
  indices  or  sources therefor are no long available,  in  which
  case  the  procedures  set forth in the  immediately  preceding
  paragraph shall again be followed.
  
    The  "Interest  Determination Date" for each  Accrual  Period
within each Interest Period shall be the second Business Day next
preceding  such  Accrual  Period.  The  "Calculation  Date"  with
respect  to  an Interest Determination Date shall  be  the  tenth
Business Day after such Interest Determination Date.

   The  "Bond Equivalent Yield" shall be a yield (expressed as  a
percentage) calculated in accordance with the following formula:

            Bond Equivalent Yield =     D  X   N        X   100
                             360 - (D X M)

where  "D" refers to the per annum Commercial Paper Rate,  quoted
on  a  bank discount basis and expressed as a decimal; "N" refers
to  365  (or  366  in  the case of any Accrual Period  commencing
during a leap year); and "M" refers to the actual number of  days
in the Accrual Period for which interest is being calculated.

  "Reuters Screen ISDA Page" shall mean the display designated as
page   "ISDA"   on  the  Reuters  Monitor  Money  Rates   Service
("Reuters") (or such other page as may replace the ISDA  page  on
that  service  for  the  purpose of displaying  London  interbank
offered rates of major banks).

  "Reuters Screen LIBO Page" shall mean the display designated as
page  "LIBO"  on Reuters (or such other page as may  replace  the
LIBO  page  on that service for the purpose of displaying  London
interbank offered rates of major banks).

  Interest on the Notes will be computed and paid on the basis of
a  360-day  year  and the actual number of days  in  the  Accrual
Period.   Interest  on  the Notes will be equal  to  the  sum  of
interest  amounts  for each Accrual Period within  that  Interest
Period.   Interest  for an Accrual Period will be  calculated  in
accordance with the following formula:

Interest for Accrual Period = APA  X  (CPR  +  Spread)  X  T/360

where, "APA" refers to adjusted principal amount and means (i) in
respect  of  the first Accrual Period in an Interest Period,  the
principal amount of a Note and (ii) in respect of each succeeding
Accrual Period in the Interest Period, an amount equal to the sum
of     (x)     the     outstanding    principal     amount     of
                   (Floating Rate Notes)
                              Page 5
                         Pricing Supplement No. 3230
                         Dated October 16, 1998
                         Rule  424(b)(3)-Registration  Statement
                         No. 333-07469
  
such Note and (y) the sum of the amounts of interest for each  of
the  previous  Accrual  Periods in such  Interest  Period;  "CPR"
refers  to the applicable Commercial Paper Rate for such  Accrual
Period; "Spread" refers to the applicable Spread for such Accrual
Period  expressed  as a negative or positive percentage,  as  the
case  may be, and "T" refers to the actual number of days in each
Accrual Period.

   The interest rate on the Notes will in no event be higher than
the  maximum  rate permitted by New York law as the same  may  be
modified by United States law of general application.

   The Calculation Agent will, upon the request of the holder  of
any  Note,  provide  the  interest  rate  then  in  effect.   The
Calculation  Agent is General Electric Capital Corporation  until
such  time as the Company appoints a successor Calculation Agent.
All calculations made by the Calculation Agent in the absence  of
manifest  error shall be conclusive for all purposes and  binding
on  the  Company and the holders of the Notes.  The  Company  may
appoint a successor Calculation Agent with the written consent of
the Trustee, which consent shall not be unreasonably withheld.

  Redemption of the Notes.

   The  Notes may not be redeemed prior to October 20,  2028.  On
that date and thereafter the Notes may be redeemed, at the option
of the Company, in whole or in part, at the redemption prices (in
each case expressed as a percentage of the principal amount)  set
forth in the following table, together in each case with interest
accrued to the date fixed for redemption (subject to the right of
the  registered holder on the record date for an interest payment
becoming  due  on or prior to such date fixed for  redemption  to
receive such interest):

     If Redeeming During
          The Period                      Redemption
       Set Forth Below                       Price
     October 20, 2028 through October 19, 2033105%
     October 20, 2033 through October 19, 2034104%
     October 20, 2034 through October 19, 2035103%
     October 20, 2035 through October 19, 2036102%
     October 20, 2036 through October 19, 2037101%
       October 20, 2037 through maturity    100%

    In  the  event  of  any  redemption  of  less  than  all  the
outstanding Notes, the particular Notes (or portions  thereof  in
integral multiples of $1,000) to be redeemed will be selected  by
the  Trustee  by such method as the Trustee shall deem  fair  and
appropriate.

    Notice  of redemption shall be provided at least 30  and  not
more than 60 calendar days prior to the date fixed for redemption
as described under "DESCRIPTION OF NOTES--Optional Redemption" in
the accompanying Prospectus Supplement.

                   (Floating Rate Notes)
                              Page 6
                         Pricing Supplement No. 3230
                         Dated October 16, 1998
                         Rule  424(b)(3)-Registration  Statement
                         No. 333-07469

   Repayment at Option of Holder.

    Any  Note  will  be  repayable at the option  of  the  holder
thereof,  upon  written notice as provided in the  Note,  on  the
Interest Payment Dates and at the repayment prices (in each  case
expressed as a percentage of the principal amount) set  forth  in
the  following table, together in each case with interest accrued
to  the date of repayment (subject to the right of the registered
holder on the record date for an interest payment becoming due on
or prior to such date of repayment to receive such interest):

          Repayment                          Repayment
             Date                              Price
       October 20, 2008                      99.39%
       October 20, 2011                      99.60%
       October 20, 2014                      99.87%
       October 20, 2017
                    and on each third anniversary
           thereafter until maturity           100%

    In  order  for  a  Note to be repaid, the Paying  Agent  must
receive  Notice  at least 30 but not more than 60  calendar  days
prior   to  the  optional  repayment  date  as  described   under
"DESCRIPTION  OF  NOTES--Repayment at  the  Noteholders'  Option;
Repurchase" in the accompanying Prospectus Supplement.

   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.

Certain United States Tax Considerations.

   The  following discussion supplements the discussion contained
in  the  Prospectus Supplement dated January 25, 1995  under  the
heading   "United   States   Tax  Considerations."    Prospective
purchasers of Notes are advised to consult their own tax advisors
with respect to tax matters relating to the Notes.

   Notes Used as Qualified Replacement Property.

   Prospective investors seeking to treat the Notes as "qualified
replacement  property"  for  purposes  of  section  1042  of  the
Internal Revenue Code of 1986, as amended (the "Code"), should be
aware  that  section  1042 requires the issuer  to  meet  certain
requirements  in  order  for the Notes  to  constitute  qualified
replacement property.  In general, qualified replacement property
is  a security issued by a domestic corporation that did not, for
the  taxable  year  preceding  the taxable  year  in  which  such
security  was  purchased,  have "passive  investment  income"  in
excess  of  25 percent of the gross receipts of such  corporation
for such preceding taxable year (the "Passive Income Test").  For
purposes   of   the  Passive  Income  Test,  where  the   issuing
corporation  is  in control of one or more corporations  or  such
issuing   corporation  is  controlled  by  one  or   more   other
corporations,   all  such  corporations  are   treated   as   one
corporation   (the  "Affiliated  Group")  for  the  purposes   of
computing the amount of passive investment income for purposes of
section 1042.  The Company believes that less than 25 percent  of
its Affiliated

                   (Floating Rate Notes)
                              Page 7
                         Pricing Supplement No. 3230
                         Dated October 16, 1998
                         Rule  424(b)(3)-Registration  Statement 
                         No. 333-07469

Group's  gross  receipts  (which includes  the  General  Electric
Company  and  its controlled subsidiaries) is passive  investment
income  for the taxable year ending December 31, 1997.  In making
this determination, the Company has made certain assumptions  and
used  procedures which it believes are reasonable.  However,  the
calculation and characterization of certain types of  income  (as
active or passive investment income) in certain of the Affiliated
Group's finance and insurance companies (the "Finance Companies")
is  not  entirely clear as there are no Treasury  regulations  or
rulings  promulgated by the Internal Revenue Service (the  "IRS")
that  explain the calculation and characterization of such income
in  circumstances  similar to those of the  Company's  Affiliated
Group.  Even if such categories of income were treated as passive
investment  income,  the  Company believes  that  the  Affiliated
Group's  passive investment income did not exceed  more  than  25
percent  of the Affiliated Group's gross receipts for the taxable
year  ending December 31, 1997.  No assurance can be given as  to
whether  the  Company will continue to meet  the  Passive  Income
Test.   It  is,  in addition, possible that the IRS may  disagree
with  the  manner  in  which  the  Company  has  calculated   the
Affiliated Group's gross receipts (including the characterization
thereof)  and  passive  investment  income  and  the  conclusions
reached herein.

Additional Information:

  General.

  At  June  27,  1998,  the Company had outstanding  indebtedness
  totaling  $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.


                   (Floating Rate Notes)
                              Page 8
                         Pricing Supplement No. 3230
                         Dated October 16, 1998
                         Rule  424(b)(3)-Registration  Statement
                         No.333-07469

Plan of Distribution.

    The  Notes  are  being  purchased  by  Goldman  Sachs  &  Co.
(hereinafter referred to as the "Underwriter"), as principal,  at
the  public offering price of 100% less an underwriting  discount
equal to 1.00% of the aggregate principal amount of the Notes.

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