PROSPECTUS                 Pricing Supplement No.    3406
Dated April 28, 1999       Dated July 16, 1999
PROSPECTUS SUPPLEMENT      Rule 424(b)(3)-Registration Statement
Dated May 3, 1999          No.'s 333-59707 and 333-76479

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

Trade Date:    July 16, 1999

Settlement Date (Original Issue Date):       July 23, 1999

Maturity Date: July 23, 2001

Principal Amount (in Specified Currency):   USD40,000,000

Price to Public (Issue Price):     100.00%

Agent's Discount or Commission:    0.175%

Net Proceeds to Issuer:       USD39,930,000

Interest Rate Per Annum:  5.945%

Interest Payment Date(s):

  X    March  15  and September 15 of each year  commencing
       September  15, 1999 (with respect to the period  from  and
       including  July  23, 1999 to but excluding  September  15,
       1999)  and  on  the  Maturity Date (with  respect  to  the
       period   from  and  including  March  15,  2001   to   but
       excluding July 23, 2001).

  ___  Other:

Form of Notes:

  X  DTC registered        ___ non-DTC registered


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)
                                Page 2
                           Pricing Supplement No.    3406
                           Dated July 16, 1999
                           Rule 424(b)(3)-Registration Statement
                           No.'s  333-59707 and 333-76479


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

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

                     (Fixed Rate)
                                Page 3
                           Pricing Supplement No.    3406
                           Dated July 16, 1999
                           Rule 424(b)(3)-Registration Statement
                           No.'s  333-59707 and 333-76479

Additional Information:

   General.

  At  March  27,  1999, the Company had outstanding  indebtedness
  totalling $167.367 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 27, 1999 excluding  subordinated  notes
  payable after one year was equal to $166.670 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
           1994   1995  1996  1997  1998     March 27, 1999
           1.63   1.51  1.53  1.48  1.50        1.53

   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.

  Lehman Brothers Inc. 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.