PROSPECTUS Pricing Supplement No. 3149
Dated January 10, 1995 Dated June 2, 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 Rate Notes)
Trade Date: June 2, 1998
Settlement Date (Original Issue Date): June 5, 1998
Maturity Date: May 26, 2000
Principal Amount (in Specified Currency): US$25,000,000
Price to Public (Issue Price): 100.00%
Agent's Discount or Commission: 0.175%
Net Proceeds to Issuer: US$24,956,250
Interest Rate Per Annum: 5.78%
Interest Payment Date(s):
XX March 15 and September 15 of each year,
commencing on September 15, 1998 (with respect to
the period from and including June 5, 1998 to but
excluding September 15, 1998) and on the Maturity
Date (with respect to the period from and including
March 15, 2000 to but excluding May 26, 2000)
___ Other
Form of Notes:
X DTC registered ____ non-DTC registered
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
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.
<PAGE> (Fixed Rate Notes)
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Pricing Supplement No. 3149
Dated June 2, 1998
Rule 424(b)(3)-Registration
Statement No.333-07469
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
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.
<PAGE> (Fixed Rate Notes)
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Pricing Supplement No. 3149
Dated June 2, 1998
Rule 424(b)(3)-Registration
Statement No. 333-07469
Additional Information:
General.
At March 28, 1998, the Company had outstanding
indebtedness totalling $138.313 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 28,
1998 excluding subordinated notes payable after one year
was equal to $137.616 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
1993 1994 1995 1996 1997 March 28,1998
1.62 1.63 1.51 1.53 1.48 1.54
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 Report on Form 10-Q for the
quarter ended March 28, 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:
PaineWebber Incorporated 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.
