PROSPECTUS                 Pricing Supplement No. 3417
Dated April 28, 1999       Dated July 22, 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
             (Redeemable Floating/Fixed Rate Notes)

Trade Date:  July 22, 1999

Settlement Date (Original Issue Date):  August 10, 1999

Maturity Date:  August 10, 2007

Principal Amount (in Specified Currency):  USD25,000,000

Price to Public (Issue Price):  100%

Agent's Discount or Commission: 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.

Net Proceeds to Issuer (in Specified Currency):  USD25,000,000

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

Spread (Plus or Minus): plus 80 basis points
Spread Multiplier:  N/A

Index Maturity: 3 Months
Index Currency: U.S. Dollar

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

Interest  Payment  Period:  Quarterly until  August  10,  2001,
  commencing         on        November         10,         1999.
  Annually  thereafter with the first annual  coupon  payment  on
  August  10, 2002 and the last annual coupon payment  on  August
  10, 2007.  See "Additional Terms - Interest Rate" below.

Interest  Payment  Dates:  Quarterly  until  August  10,  2001,
  commencing         on        November         10,         1999.
  Annually  thereafter with the first annual  coupon  payment  on
  August  10, 2002 and the last annual coupon payment  on  August
  10, 2007.  See "Additional Terms - Interest Rate" 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.
             (Redeemable Floating/Fixed Rate Notes)
                              Page 2
                         Pricing Supplement No. 3417
                         Dated July 22, 1999
                         Rule 424(b)(3)-Registration Statement
                         No.'s 333-59707 and 333-76479



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: August 10, 2001
                        (See "Additional Terms-Redemption" below)
Initial Redemption Percentage:  100%

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
               (Redeemable Floating/Fixed Rate Notes)
                              Page 3
                         Pricing Supplement No. 3417
                         Dated July 22, 1999
                         Rule 424(b)(3)-Registration Statement
                         No.'s 333-59707 and 333-76479

Additional Terms:

The Calculation Agent for the Notes will be Deutsche Bank AG.

   Interest:

Interest  on  the Notes will be paid quarterly until  August  10,
2001, commencing on November 10, 1999, at a coupon rate equal  to
the  United  States  three month Libor  rate  plus  eighty  basis
points.  Thereafter,  interest on the Notes will be paid annually
at  a fixed rate of seven per cent, commencing on August 10, 2002
and ending on the Maturity Date.

   Optional Redemption:

The  Company may at its option elect to redeem the Notes in whole
on  August  10,  2001  at  100% of their  principal  amount  (the
"Redemption  Date").   In the event that the  Company  elects  to
redeem  the Notes, notice will be given to registered holders  at
least 30 days prior to the Redemption Date.

   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:

         ear 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.

Plan of Distribution:


Deutsche  Bank  Securities, Inc. is the agent in connection  with
the  distribution of the Notes. The Notes are being purchased  by
the  Agent at 100.00% of their principal amount and will be  sold
at varying prices to be determined at the time of sale.