EXHIBIT 12
GENERAL ELECTRIC CAPITAL CORPORATION AND CONSOLIDATED AFFILIATES
Computation of Ratio of Earnings to Fixed Charges and Computation of Ratio of
Earnings to Combined Fixed Charges and Preferred Stock Dividends Nine
Months Ended September 30, 2000 (Unaudited)
<TABLE>
<CAPTION>
(Dollar Amounts In millions) Ratio of
Earnings to
Combined Fixed
Ratio of Charges and
Earnings to Preferred Stock
Fixed Charges Dividends
----------------- -----------------
<S> <C> <C>
Net earnings $ 3,729 $ 3,729
Provision for income taxes 1,508 1,508
Minority interest in net earnings of consolidated affiliates 62 62
-------- --------
Earnings before provision for income taxes and minority interest 5,299 5,299
-------- --------
Fixed charges:
Interest 7,903 7,903
One-third of rentals 291 291
-------- --------
Total fixed charges 8,194 8,194
Less interest capitalized, net of amortization (90) (90)
-------- --------
Earnings before provision for income taxes and minority interest,
plus fixed charges $ 13,403 $ 13,403
======== ========
Ratio of earnings to fixed charges 1.64
========
Preferred stock dividend requirements $ 94
Ratio of earnings before provision for income taxes to net earnings 1.40
--------
Preferred stock dividend factor on pre-tax basis 132
Fixed charges 8,194
--------
Total fixed charges and preferred stock dividend requirements $ 8,326
========
Ratio of earnings to combined fixed charges and preferred stock dividends 1.61
========
<FN>
For purposes of computing the ratios, fixed charges consist of interest on all
indebtedness and one-third of rentals, which management believes is a reasonable
approximation of the interest factor of such rentals.
</FN>
</TABLE>