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THE COMPANY

General Electric Capital Corporation was incorporated in 1943 in the State of New York under the provisions of the New York Banking Law relating to investment companies, as successor to General Electric Contracts Corporation, which was formed in 1932. Until November 1987, our name was General Electric Credit Corporation. On July 2, 2001, we changed our state of incorporation to Delaware. All of our outstanding common stock is owned by General Electric Capital Services, Inc. (""GE Capital Services''), formerly General Electric Financial Services, Inc., the common stock of which is in turn wholly owned directly or indirectly by General Electric Company (""GE Company''). Financing and services oÅered by us are diversiÑed, a signiÑcant change from the original business of GECC, that is, Ñnancing distribution and sale of consumer and other GE Company products. GE Company manufactures few of the products Ñnanced by us.

2001

2002

2003

2004

2000

(Restated)

(Restated)

(Restated)

(Restated)

2000 1.50

2001 (Restated)

2002 (Restated)

2003 (Restated)

2004 (Restated)

1.71

1.65

1.85

1.88

We operate in four key operating segments: GE Commercial Finance, GE Consumer Finance, GE Insurance and GE Equipment and Other Services. These operations are subject to a variety of regulations in their respective jurisdictions.

Our services are oÅered primarily within the United States, Canada, Europe and the PaciÑc Basin. GECC's principal executive oÇces are at 260 Long Ridge Road, Stamford, Connecticut 06927-1600 (telephone number (203) 357-4000). At December 31, 2004, our employment totaled approximately 76,300.

Consolidated Ratio of Earnings to Fixed Charges

1.52

1.73

1.66

1.86

1.89

1.74

Year Ended December 31,

Three Months Ended March 31, 2005

1.73

Consolidated Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

Year Ended December 31,

Three Months Ended March 31, 2005

For purposes of computing the consolidated ratios of earnings to Ñxed charges and earnings to combined Ñxed charges and preferred stock dividends, earnings consist of net earnings adjusted for the provision for income taxes, minority interest, interest capitalized (net of amortization) and Ñxed charges. Fixed charges consist of interest on all indebtedness and one-third of rentals, which we believe is a reasonable approximation of the interest factor of such rentals.

USE OF PROCEEDS

Unless otherwise speciÑed in the prospectus supplement accompanying this prospectus, we will add the net proceeds from the sale of the securities to which this prospectus and the prospectus supplement relate to our general funds, which we will use for Ñnancing our operations. We can conduct additional Ñnancings at any time.

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