Pricing Supplement Dated November [__], 2004

Pricing Supplement Dated January 5, 2009

(To Prospectus Supplement Dated November 24, 2008

and Prospectus Dated July 17, 2006)

Rule 424(b)(3)

File No. 333-135813

Pricing Supplement No. 2009-1

GENERAL ELECTRIC CAPITAL CORPORATION

GE Interest Plus®

Variable Denomination Floating Rate Notes

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Interest Rate:

 

Under $15,000

 

$15,000 to $49,999

 

$50,000 and Over

   

Rate 2.70%

Yield 2.73%

 

Rate 2.85%

Yield 2.89%

 

Rate 3.00%

Yield 3.04%

     

Initial Investment Incentive:

 

$25 for an initial investment of at least $500 or an initial investment of at least $250 along with enrollment in the automatic investment plan. An additional $25 if automatic deduction from a GE employee payroll or GE pension check is authorized within the first 30 days after an investment account is opened.

     

Effective Dates:

 

January 5, 2009 until such time as a different rate is determined by the GE Interest Plus Committee. Information on current interest rates is available at GEInterestPlus.com or by calling 800-433-4480, 24 hours a day, seven days a week.

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The rates for GE Interest Plus Notes are separate and distinct from the rate established for GE Interest Plus for Businesses, which is offered to business investors.