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GE CAPITAL RESETS INTEREST RATE ON SERIES A EXTENDIBLE NOTES DUE 2011 AND ANNOUNCES INTENT TO REDEEM SUCH NOTES

 STAMFORD, Conn., Feb. 8 /PRNewswire/ -- GE Capital announced today that it will reset the interest rate on its Series A Extendible Notes due 2011 (the notes) to a rate of 3.00 percent per annum, effective March 1, 1993. This new interest rate shall be effective for one year until March 1, 1994 or such earlier date as the notes are redeemed.
 As previously announced, GE Capital also intends to redeem all of the outstanding notes during the first half of 1993 at 100 percent of their principal amount together with accrued interest to the redemption date. Further details of the redemption, including the redemption date, will be forthcoming.
 The trustee for the notes is Mercantile-Safe Deposit & Trust Company, 2 Hopkins Plaza, Baltimore, Md. 21013. The paying agent for the notes is the Bank of New York, 101 Barclay Street, New York, N.Y. 10286.
 GE Capital, headquartered in Stamford, a wholly owned subsidiary of General Electric Company (NYSE: GE), is a diversified financial services company with assets exceeding $92 billion. GE Capital's activities include equipment management, mid-market financing, specialized financing, and consumer services. GE is a diversified manufacturing, technology and services company with operations worldwide.
 -0- 2/8/93
 /CONTACT: Anthony B. Zehnder, 203-357-4728, or home, 203-657-3824, both of GE Capital Corp./
 (GE)


CO: GE Capital Corp.; General Electric Company ST: Connecticut IN: HOU SU:

240 02-05-93 16:32 EST TS-OS -- NY005 -- 3922 02/08/93 08:42 EST
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Date:Feb 8, 1993
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