Dated May 20, 2008

CALCULATION OF REGISTRATION FEE

Title of Each Class of Securities Offered

Maximum Aggregate Offering Price

Amount of Registration Fee

Senior Unsecured Notes

$1,00,000,000

$39,300.00

PROSPECTUS

Dated March 29, 2006

Pricing Supplement Number: 4824

Filed Pursuant to Rule 424(b)(3)

PROSPECTUS SUPPLEMENT

Dated March 29, 2006

Dated June 4, 2008

Registration Statement: No. 333-132807

GENERAL ELECTRIC CAPITAL CORPORATION

GLOBAL MEDIUM-TERM NOTES, SERIES A

(Senior Unsecured Floating Rate Notes)

Issuer:

General Electric Capital Corporation

Ratings:

Aaa/AAA

Trade Date:

June 4, 2008

Settlement Date (Original Issue Date):

June 9, 2008

Maturity Date:

June 9, 2010

Principal Amount:

US$ 1,000,000,000

Price to Public (Issue Price):

100.00%

Underwriters Commission:

0.06%

All-In Price:

99.94%

Net Proceeds to Issuer

US$ 999,400,000

Interest Rate Basis:

LIBOR, as determined by Reuters

Index Currency:

U.S. Dollars

Coupon:

Plus 40 basis points

Index Maturity:

Three Months

Index Payment Period:

Quarterly

Interest Payment Dates:

Quarterly on each March 9, June 9, September 9, and December 9, commencing September 9, 2008 and ending on the Maturity Date

Initial Interest Rate:

To be determined two London Business days prior to the Original Issue Date

Interest Reset Periods and Dates:

Quarterly on each Interest Payment Date

Interest Determination Dates:

Quarterly, two London Business Days prior to each Interest Reset Date

Day Count Convention:

Actual/360

Denominations:

Minimum of $1,000 with increments of $1,000 thereafter

Call Dates (if any):

N/A

Call Notice Period:

N/A

 

 

 

Page 2

Filed Pursuant to Rule 424(b)(3)

Dated June 4, 2008

Registration Statement: No. 333-132807

Put Dates (if any):

N/A

Put Notice Period:

N/A

CUSIP:

36962G3X0

Investing in the Notes involves risks. See "Risk of Foreign Currency Notes and Indexed Notes" on Page 2 of the accompanying prospectus supplement and "Risk Factors" on Page 2 of the accompanying prospectus.

Plan of Distribution:

The Notes are being purchased by the underwriters listed below (collectively, the "Underwriters"), as principal, at 100.00% of the aggregate principal amount less an underwriting discount equal to 0.06% of the principal amount of the Notes.

Institution

Lead Manager:

Commitment

Goldman, Sachs & Co.

$ 250,000,000

JP Morgan Securities Inc.

$ 250,000,000

Merrill Lynch, Pierce, Fenner & Smith Incorporated

$ 250,000,000

Morgan Stanley & Co. Incorporated

$ 250,000,000

Total

$ 1,000,000,000

The Company has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended.

Additional Information:

General

At March 31, 2008, the Company had outstanding indebtedness totaling $530.57 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 31, 2008, excluding subordinated notes payable after one year, was equal to $519.13 billion.

Consolidated Ratio of Earnings 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,

Quarter Ended

March 31, 2008

2003

2004

2005

2006

2007

1.73

1.83

1.67

1.63

1.56

1.41

 

 

 

Page 3

Filed Pursuant to Rule 424(b)(3)

Dated June 4, 2008

Registration Statement: No. 333-132807

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.

 

CAPITALIZED TERMS USED HEREIN WHICH ARE DEFINED IN THE PROSPECTUS SUPPLEMENT SHALL HAVE THE MEANINGS ASSIGNED TO THEM IN THE PROSPECTUS SUPPLEMENT.