PROSPECTUS Pricing Supplement No.'s 3478, 3479,
3480, 3481, 3482, 3483 and 3484
Dated April 28, 1999 Dated October 28, 1999
PROSPECTUS SUPPLEMENT Rule 424(b)(3)-Registration Statement
Dated May 3, 1999 No. 333-59707 and 333-76479
GENERAL ELECTRIC CAPITAL CORPORATION
GLOBAL MEDIUM-TERM NOTES, SERIES A
(Fixed Rate Notes)
Trade Date: October 28, 1999
Settlement Date (Original Issue Date): November 2, 1999
Maturity Date: November 3, 2003
Principal Amount (in Specified Currency): USD525,000,000
Price to Public (Issue Price): 100.00%
Agent's Discount or Commission: 0.30%
Net Proceeds to Issuer: USD523,425,000
Interest Rate Per Annum: 6.81%
Interest Payment Date(s):
X March 15 and September 15 of each year commencing
March 15, 2000 (with respect to the period from and
including November 2, 1999 to but excluding March 15,
2000) and on the Maturity Date (with respect to the
period from and including September 15, 2003 to but
excluding November 3, 2003).
___ 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.
<PAGE> (Fixed Rate)
Page 2
Pricing Supplement No.'s 3478, 3479,
3480, 3481, 3482, 3483 and 3484
Dated October 28, 1999
Rule 424(b)(3)-Registration Statement
No. 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
<PAGE> (Fixed Rate)
Page 3
Pricing Supplement No.'s 3478, 3479,
3480, 3481, 3482, 3483 and 3484
Dated October 28, 1999
Rule 424(b)(3)-Registration Statement
No. 333-59707 and 333-76479
Additional Information:
General.
At September 25, 1999, the Company had outstanding
indebtedness totalling $177.082 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 September 25, 1999
excluding subordinated notes payable after one year was equal
to $176.385 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, Nine Months Ended
1994 1995 1996 1997 1998 September 25, 1999
1.63 1.51 1.53 1.48 1.50 1.62
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:
The Notes are being purchased by the underwriters listed below
(the "Underwriters"), individually as principal, at 100.00% of
the aggregate principal amount listed below less an
underwriting discount equal to 0.30% of the principal amount
of the Notes.
Chase Securities Inc. USD 75,000,000
Deutsche Bank Securities Inc. USD 75,000,000
Goldman, Sachs & Co. USD 75,000,000
J.P. Morgan Securities Inc. USD 75,000,000
Lehman Brothers Inc. USD 75,000,000
Merrill Lynch, Pierce,
Fenner & Smith Incorporated USD 75,000,000
Warburg Dillon Read LLC USD 75,000,000
The Company has agreed to indemnify the Underwriters against
certain liabilities, including liabilities under the
Securities Act of 1933, as amended.
