|   |           |   |
|--------|----------------|--------|
|   | FORM      10-Q |   |

|  (MarkOne)                                                                                        |                                                                                              |   |   |   |
|--------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------|--------|--------|--------|
| þ                                                                                                 | QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF                                          |
|                                                                                                   | THE      SECURITIES EXCHANGE ACT OF 1934                                                          |
|                                                                                                   |
| For      the quarterly period ended March      31, 2009                                                |
| OR                                                                                                     |
| ¨                                                                                                 | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OFTHE      SECURITIES EXCHANGE ACT OF 1934 |
|                                                                                                   |
| For      the transition period from ___________to      ___________                                     |
| _____________________________ Commission      file number 0-14804_____________________________    |
|                                                                                                   |
| GENERAL ELECTRIC CAPITAL SERVICES,      INC.(Exact      name of registrant as specified in itscharter) |

| Delaware                                                            |   | 06-1109503                                |
|---------------------------------------------------------------------|--------|-------------------------------------------|
| (State      or other jurisdiction of incorporation or organization) |   | (I.R.S.      Employer Identification No.) |
|                                                                |   |                                      |
| 3135      Easton Turnpike, Fairfield, Connecticut                   |   | 06828-0001                                |
| (Address      of principal executive offices)                       |   | (Zip      Code)                           |

| Large      accelerated filer ¨  | Accelerated      filer ¨ | Non-accelerated      filer þ | Smaller      reporting company ¨ |
|-------------------------------------------|-------------------------------|-----------------------------------|---------------------------------------|

----

| Part      I – Financial Information |                                                                                                  | Page   |
|-------------------------------------------|-------------------------------------------------------------------------------------------------------|--------|
|                                      |                                                                                                  |   |   |
| Item      1.                              | Financial      Statements                                                                             |   |   |
|                                      | Condensed Statement of Current      and Retained Earnings                                             |   | 3 |
|                                      | Condensed Statement of Financial      Position                                                        |   | 4 |
|                                      | Condensed Statement of Cash      Flows                                                                |   | 5 |
|                                      | Notes to Condensed, Consolidated      Financial Statements (Unaudited)                                |   | 6 |
| Item      2.                              | Management’s      Discussion and Analysis of Financial Condition and Results of      Operations |   | 31 |
| Item      3.                              | Quantitative      and Qualitative Disclosures About Market Risk                                       |   | 49 |
| Item      4.                              | Controls      and Procedures                                                                          |   | 49 |
|                                      |                                                                                                  |   |   |
| Part      II – Other Information    |                                                                                                  |   |
|                                      |                                                                                                  |   |   |
| Item      1.                              | Legal      Proceedings                                                                                |   | 50 |
| Item      1A.                             | Risk      Factors                                                                                     |   | 50 |
| Item      6.                              | Exhibits                                                                                              |   | 51 |
| Signatures                                |                                                                                                  | 52     |

----

|                                                                       | Three      months endedMarch      31 |    |
|----------------------------------------------------------------------------|--------------------------------------|---------|
| (In      millions)                                                         | 2009                                 |    | 2008 |   |
|                                                                       |                                 |    |   |   |   |   |
| Revenues                                                                   |                                 |    |   |   |   |   |
| Revenues      from services (Note 3)                                       | $                                    | 14,157  |   | $ | 17,671 |   |
| Sales      of goods                                                        |                                 | 273     |   |   | 367 |   |
| Total revenues                                                             |                                 | 14,430  |   |   | 18,038 |   |
|                                                                       |                                 |    |   |   |   |   |
| Costs      and expenses                                                    |                                 |    |   |   |   |   |
| Interest                                                                   |                                 | 5,121   |   |   | 6,176 |   |
| Operating      and administrative                                          |                                 | 3,948   |   |   | 4,658 |   |
| Cost      of goods sold                                                    |                                 | 224     |   |   | 317 |   |
| Investment      contracts, insurance losses and insurance annuity benefits |                                 | 773     |   |   | 848 |   |
| Provision      for losses on financing receivables                         |                                 | 2,336   |   |   | 1,343 |   |
| Depreciation      and amortization                                         |                                 | 2,181   |   |   | 2,126 |   |
| Total costs and      expenses                                              |                                 | 14,583  |   |   | 15,468 |   |
|                                                                       |                                 |    |   |   |   |   |
| Earnings      (loss) from continuing operations before income taxes        |                                 | (153    | ) |   | 2,570 |   |
| Benefit      (provision) for income taxes                                  |                                 | 1,160   |   |   | (83 | ) |
|                                                                       |                                 |    |   |   |   |   |
| Earnings      from continuing operations                                   |                                 | 1,007   |   |   | 2,487 |   |
| Loss      from discontinued operations, net of                             |                                 |    |   |   |   |   |
| taxes (Note 2)                                                             |                                 | (4      | ) |   | (61 | ) |
| Net      earnings                                                          |                                 | 1,003   |   |   | 2,426 |   |
| Less      net earnings attributable to noncontrolling interests            |                                 | 46      |   |   | 31 |   |
| Net      earnings attributable to GECS                                     |                                 | 957     |   |   | 2,395 |   |
| Dividends                                                                  |                                 | − |   |   | (1,130 | ) |
| Retained      earnings at beginning of period                              |                                 | 43,055  |   |   | 38,351 |   |
| Retained      earnings at end of period                                    | $                                    | 44,012  |   | $ | 39,616 |   |
|                                                                       |                                 |    |   |   |   |   |
| Amounts      attributable to GECS                                          |                                 |    |   |   |   |   |
| Earnings      from continuing operations                                   | $                                    | 961     |   | $ | 2,456 |   |
| Loss      from discontinued operations, net of taxes                       |                                 | (4      | ) |   | (61 | ) |
| Net      earnings attributable to GECS                                     | $                                    | 957     |   | $ | 2,395 |   |
|                                                                       |                                 |    |   |   |   |   |

----

Position

| (In      millions)                                                                   | March      31,2009 |    | December      31,2008 |   |
|--------------------------------------------------------------------------------------|--------------------|---------|-----------------------|--------|
|                                                                                 | (Unaudited)        |    |                  |   |
| Assets                                                                               |               |    |                  |   |   |   |
| Cash      and equivalents                                                            | $                  | 45,240  |                  | $      | 37,486 |   |
| Investment      securities (Note 5)                                                  |               | 41,783  |                  |   | 41,236 |   |
| Inventories                                                                          |               | 65      |                  |   | 77 |   |
| Financing      receivables – net (Notes 6 and 7)                               |               | 355,036 |                  |   | 372,456 |   |
| Other      receivables                                                               |               | 17,728  |                  |   | 18,636 |   |
| Property,      plant and equipment, less accumulated amortization of    $25,591      |               |    |                  |   |   |   |
| and $29,063                                                                          |               | 58,190  |                  |   | 64,097 |   |
| Goodwill      (Note 8)                                                               |               | 24,437  |                  |   | 25,365 |   |
| Other      intangible assets – net (Note 8)                                    |               | 3,416   |                  |   | 3,613 |   |
| Other      assets                                                                    |               | 88,180  |                  |   | 85,721 |   |
| Assets      of businesses held for sale                                              |               | − |                  |   | 10,556 |   |
| Assets      of discontinued operations (Note 2)                                      |               | 1,464   |                  |   | 1,659 |   |
| Total      assets                                                                    | $                  | 635,539 |                  | $      | 660,902 |   |
|                                                                                 |               |    |                  |   |   |   |
| Liabilities      and equity                                                          |               |    |                  |   |   |   |
| Short-term      borrowings (Note 9)                                                  | $                  | 175,676 |                  | $      | 193,533 |   |
| Accounts      payable                                                                |               | 11,718  |                  |   | 13,882 |   |
| Long-term      borrowings (Note 9)                                                   |               | 317,412 |                  |   | 321,068 |   |
| Investment      contracts, insurance liabilities and insurance annuity      benefits |               | 33,946  |                  |   | 34,369 |   |
| Other      liabilities                                                               |               | 23,846  |                  |   | 32,090 |   |
| Deferred      income taxes                                                           |               | 9,051   |                  |   | 8,533 |   |
| Liabilities      of businesses held for sale                                         |               | − |                  |   | 636 |   |
| Liabilities      of discontinued operations (Note 2)                                 |               | 1,165   |                  |   | 1,243 |   |
| Total      liabilities                                                               |               | 572,814 |                  |   | 605,354 |   |
|                                                                                 |               |    |                  |   |   |   |
| Capital      stock                                                                   |               | 11      |                  |   | 11 |   |
| Accumulated other comprehensive      income – net(a)                           |               |    |                  |   |   |   |
| Investment      securities                                                           |               | (3,733  | )                     |   | (3,097 | ) |
| Currency translation      adjustments                                                |               | (4,307  | )                     |   | (1,258 | ) |
| Cash flow hedges                                                                     |               | (2,438  | )                     |   | (3,134 | ) |
| Benefit plans                                                                        |               | (359    | )                     |   | (367 | ) |
| Additional      paid-in capital                                                      |               | 27,570  |                  |   | 18,069 |   |
| Retained      earnings                                                               |               | 44,012  |                  |   | 43,055 |   |
| Total      GECS shareowner’s equity                                            |               | 60,756  |                  |   | 53,279 |   |
| Noncontrolling      interests(b)                                                     |               | 1,969   |                  |   | 2,269 |   |
| Total      equity                                                                    |               | 62,725  |                  |   | 55,548 |   |
| Total      liabilities and equity                                                    | $                  | 635,539 |                  | $      | 660,902 |   |
|                                                                                 |               |    |                  |   |   |   |

| (a) | The      sum of accumulated other comprehensive income − net was      $(10,837) million and $(7,856) million at March 31, 2009 and December 31,      2008, respectively.                  |   |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | Included      accumulated other comprehensive income attributable to noncontrolling      interests of $147 million and $191 million at March 31, 2009 and December      31, 2008, respectively. |   |

----

|                                                                              | Three      months endedMarch      31 |    |
|-----------------------------------------------------------------------------------|--------------------------------------|---------|
| (In      millions)                                                                | 2009                                 |    | 2008 |   |
|                                                                              |                                 |    |   |   |   |   |
| Cash      flows – operating activities                                      |                                 |    |   |   |   |   |
| Net      earnings attributable to GECS                                            | $                                    | 957     |   | $ | 2,395 |   |
| Loss      from discontinued operations                                            |                                 | 4       |   |   | 61 |   |
| Adjustments      to reconcile net earnings attributable to GECS                   |                                 |    |   |   |   |   |
| to cash provided from operating      activities                                   |                                 |    |   |   |   |   |
| Depreciation and amortization      of property, plant and equipment               |                                 | 2,181   |   |   | 2,126 |   |
| Increase (decrease) in accounts      payable                                      |                                 | (1,655  | ) |   | 271 |   |
| Provision for losses on      financing receivables                                |                                 | 2,336   |   |   | 1,343 |   |
| All other operating      activities                                               |                                 | (7,297  | ) |   | (2,861 | ) |
| Cash      from (used for) operating activities – continuing    operations   |                                 | (3,474  | ) |   | 3,335 |   |
| Cash      from (used for) operating activities – discontinued    operations |                                 | (45     | ) |   | 367 |   |
| Cash      from (used for) operating activities                                    |                                 | (3,519  | ) |   | 3,702 |   |
|                                                                              |                                 |    |   |   |   |   |
| Cash      flows – investing activities                                      |                                 |    |   |   |   |   |
| Additions      to property, plant and equipment                                   |                                 | (1,896  | ) |   | (2,955 | ) |
| Dispositions      of property, plant and equipment                                |                                 | 1,183   |   |   | 3,212 |   |
| Increase      in loans to customers                                               |                                 | (51,129 | ) |   | (93,962 | ) |
| Principal      collections from customers – loans                           |                                 | 64,629  |   |   | 81,107 |   |
| Investment      in equipment for financing leases                                 |                                 | (2,503  | ) |   | (6,289 | ) |
| Principal      collections from customers – financing leases                |                                 | 4,474   |   |   | 4,568 |   |
| Net      change in credit card receivables                                        |                                 | 2,491   |   |   | 2,128 |   |
| Payments      for principal businesses purchased                                  |                                 | (6,822  | ) |   | (12,652 | ) |
| Proceeds      from principal business dispositions                                |                                 | 8,846   |   |   | 4,305 |   |
| All      other investing activities                                               |                                 | (2,082  | ) |   | (375 | ) |
| Cash      from (used for) investing activities – continuing    operations   |                                 | 17,191  |   |   | (20,913 | ) |
| Cash      from (used for) investing activities – discontinued    operations |                                 | 47      |   |   | (358 | ) |
| Cash      from (used for) investing activities                                    |                                 | 17,238  |   |   | (21,271 | ) |
|                                                                              |                                 |    |   |   |   |   |
| Cash      flows – financing activities                                      |                                 |    |   |   |   |   |
| Net      increase (decrease) in borrowings (maturities of 90 days or      less)   |                                 | (20,129 | ) |   | 3,842 |   |
| Newly      issued debt                                                            |                                 |    |   |   |   |   |
| Short-term (91 to 365      days)                                                  |                                 | 1,031   |   |   | 331 |   |
| Long-term (longer than one      year)                                             |                                 | 29,904  |   |   | 35,548 |   |
| Non-recourse, leveraged      lease                                                |                                 | − |   |   | 57 |   |
| Repayments      and other debt reductions                                         |                                 |    |   |   |   |   |
| Short-term (91 to 365      days)                                                  |                                 | (23,501 | ) |   | (18,380 | ) |
| Long-term (longer than one      year)                                             |                                 | (1,796  | ) |   | (1,465 | ) |
| Non-recourse, leveraged      lease                                                |                                 | (395    | ) |   | (348 | ) |
| Dividends      paid to shareowner                                                 |                                 | − |   |   | (1,130 | ) |
| Capital      contribution from GE                                                 |                                 | 9,500   |   |   | − |   |
| All      other financing activities                                               |                                 | (577    | ) |   | 498 |   |
| Cash      from (used for) financing activities – continuing    operations   |                                 | (5,963  | ) |   | 18,953 |   |
| Cash      from (used for) financing activities – discontinued    operations |                                 | − |   |   | − |   |
| Cash      from (used for) financing activities                                    |                                 | (5,963  | ) |   | 18,953 |   |
|                                                                              |                                 |    |   |   |   |   |
| Increase      in cash and equivalents                                             |                                 | 7,756   |   |   | 1,384 |   |
| Cash      and equivalents at beginning of year                                    |                                 | 37,666  |   |   | 9,739 |   |
| Cash      and equivalents at March 31                                             |                                 | 45,422  |   |   | 11,123 |   |
| Less      cash and equivalents of discontinued operations at March31              |                                 | 182     |   |   | 309 |   |
| Cash      and equivalents of continuing operations at March 31                    | $                                    | 45,240  |   | $ | 10,814 |   |
|                                                                              |                                 |    |   |   |   |   |

----

| ·   | Acquired      in-process research and development (IPR&D) is accounted for as an      asset, with the cost recognized as the research and development is      realized or abandoned. IPR&D was previously expensed at the time of      the acquisition. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Contingent      consideration is recorded at fair value as an element of purchase price      with subsequent adjustments recognized in operations. Contingent      consideration was previously accounted for as a subsequent adjustment of      purchase price. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Subsequent      decreases in valuation allowances on acquired deferred tax assets are      recognized in operations after the measurement period. Such changes were      previously considered to be subsequent changes in consideration and were      recorded as decreases in goodwill. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | Transaction      costs are expensed. These costs were previously treated as costs of the      acquisition. |
|--------------------|------------------------------------------------------------------------------------------------------------|

----

|                                                       | Three      months ended March 31 |   |
|------------------------------------------------------------|----------------------------------|--------|
| (In      millions)                                         | 2009                             |   | 2008 |   |
|                                                       |                             |   |   |   |   |   |
| Operations                                                 |                             |   |   |   |   |   |
| Total      revenues                                        | $                                | (6     | ) | $ | 295 |   |
|                                                       |                             |   |   |   |   |   |
| Loss      from discontinued operations before income taxes | $                                | (12    | ) | $ | (101 | ) |
| Income      tax benefit                                    |                             | 4      |   |   | 40 |   |
| Loss      from discontinued operations, net of taxes       | $                                | (8     | ) | $ | (61 | ) |

| Disposal                                             |   |   |   |   |    |   |
|------------------------------------------------------|--------|--------|--------|--------|---------|--------|
| Gain      on disposal before income taxes            | $      | 7      |   | $      | − |   |
| Income      tax expense                              |   | (3     | )      |   | − |   |
| Gain      on disposal, net of taxes                  | $      | 4      |   | $      | − |   |
|                                                 |   |   |   |   |    |   |
| Loss      from discontinued operations, net of taxes | $      | (4     | )      | $      | (61     | )      |

|                                   | At                 |   |
|----------------------------------------|--------------------|--------|
|  (In      millions)               | March      31,2009 |   | December      31,2008 |   |
|                                   |               |   |   |   |   |   |
| Assets                                 |               |   |   |   |   |   |
| Cash      and equivalents              | $                  | 182    |   | $ | 180 |   |
| Other      assets                      |               | 14     |   |   | 19 |   |
| Other                                  |               | 1,268  |   |   | 1,460 |   |
| Assets      of discontinued operations | $                  | 1,464  |   | $ | 1,659 |   |

|                                        | At                 |   |
|---------------------------------------------|--------------------|--------|
|  (In      millions)                    | March      31,2009 |   | December      31,2008 |   |
|                                        |               |   |   |   |   |   |
| Liabilities                                 |               |   |   |   |   |   |
| Liabilities      of discontinued operations | $                  | 1,165  |   | $ | 1,243 |   |

----

|                                         | Three      months ended March 31 |   |
|----------------------------------------------|----------------------------------|--------|
| (In      millions)                           | 2009                             |   | 2008 |   |
|                                         |                             |   |   |   |   |   |
| Interest      on loans                       | $                                | 5,073  |   | $ | 6,499 |   |
| Equipment      leased to others              |                             | 3,485  |   |   | 3,810 |   |
| Fees                                         |                             | 1,160  |   |   | 1,369 |   |
| Financing      leases                        |                             | 908    |   |   | 1,163 |   |
| Real      estate investments                 |                             | 347    |   |   | 1,161 |   |
| Premiums      earned by insurance activities |                             | 510    |   |   | 542 |   |
| Associated      companies                    |                             | 165    |   |   | 469 |   |
| Investment      income(a)                    |                             | 665    |   |   | 842 |   |
| Net      securitization gains                |                             | 326    |   |   | 386 |   |
| Other items(b)                               |                             | 1,518  |   |   | 1,430 |   |
| Total                                        | $                                | 14,157 |   | $ | 17,671 |   |
|                                         |                             |   |   |   |   |   |

| (a) | Included      other-than-temporary impairments on investment securities of $232 million      and $162 million in the first quarters of 2009 and 2008,      respectively.                                                                                                    |   |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | Included      a gain on the sale of a limited partnership interest in Penske Truck      Leasing Co., L.P. (PTL) and a related gain on the remeasurement of the      retained investment to fair value totaling $296 million in the first      quarter of 2009. See Note 13. |   |

|                                                              | At                 |    |
|-------------------------------------------------------------------|--------------------|---------|
|  (In      millions)                                          | March      31,2009 |    | December      31,2008 |   |
|                                                              |               |    |   |   |   |   |
| Unrecognized      tax benefits                                    | $                  | 4,480   |   | $ | 4,397 |   |
| Portion that, if recognized,      would reduce tax expense and    |               |    |   |   |   |   |
| effective tax rate(a)                                             |               | 2,729   |   |   | 2,669 |   |
| Accrued      interest on unrecognized tax benefits                |               | 911     |   |   | 864 |   |
| Accrued      penalties on unrecognized tax benefits               |               | 65      |   |   | 65 |   |
| Reasonably      possible reduction to the balance of unrecognized |               |    |   |   |   |   |
| tax benefits in succeeding 12      months                         |               | 0-1,050 |   |   | 0-1,000 |   |
| Portion that, if recognized,      would reduce tax expense        |               |    |   |   |   |   |
| and effective tax rate(a)                                         |               | 0-800   |   |   | 0-650 |   |
|                                                              |               |    |   |   |   |   |

| (a) | Some      portion of such reduction might be reported as discontinued      operations. |   |
|-----|----------------------------------------------------------------------------------------|--------|

----

| (In      millions)                      | Amortizedcost |   | Grossunrealizedgains |   | Grossunrealizedlosses |   | Estimatedfair      value |    |
|-----------------------------------------|---------------|--------|----------------------|--------|-----------------------|--------|--------------------------|---------|
|                                    |          |   |                 |   |                  |   |                     |    |   |   |   |   |
| March      31, 2009                     |          |   |                 |   |                  |   |                     |    |   |   |   |   |
| Debt                                    |          |   |                 |   |                  |   |                     |    |   |   |   |   |
| U.S. corporate                          | $             | 23,948 |                 | $      | 230                   |   | $                        | (3,176  | ) | $ | 21,002 |   |
| State and    municipal                  |          | 1,531  |                 |   | 21                    |   |                     | (293    | ) |   | 1,259 |   |
| Residential mortgage-backed(a)          |          | 4,844  |                 |   | 89                    |   |                     | (1,121  | ) |   | 3,812 |   |
| Commercial      mortgage-backed         |          | 3,072  |                 |   | 11                    |   |                     | (914    | ) |   | 2,169 |   |
| Asset-backed                            |          | 2,767  |                 |   | 2                     |   |                     | (531    | ) |   | 2,238 |   |
| Corporate –    non-U.S.           |          | 1,506  |                 |   | 16                    |   |                     | (202    | ) |   | 1,320 |   |
| Government –      non-U.S.        |          | 1,550  |                 |   | 49                    |   |                     | (23     | ) |   | 1,576 |   |
| U.S. government and federal      agency |          | 826    |                 |   | 62                    |   |                     | (138    | ) |   | 750 |   |
| Retained      interests(b)(c)           |          | 6,437  |                 |   | 115                   |   |                     | (108    | ) |   | 6,444 |   |
| Equity                                  |          |   |                 |   |                  |   |                     |    |   |   |   |   |
| Available-for-sale                      |          | 869    |                 |   | 33                    |   |                     | (113    | ) |   | 789 |   |
| Trading                                 |          | 424    |                 |   | −               |   |                     | − |   |   | 424 |   |
| Total                                   | $             | 47,774 |                 | $      | 628                   |   | $                        | (6,619  | ) | $ | 41,783 |   |
|                                    |          |   |                 |   |                  |   |                     |    |   |   |   |   |
| December      31, 2008                  |          |   |                 |   |                  |   |                     |    |   |   |   |   |
| Debt                                    |          |   |                 |   |                  |   |                     |    |   |   |   |   |
| U.S. corporate                          | $             | 22,183 |                 | $      | 512                   |   | $                        | (2,477  | ) | $ | 20,218 |   |
| State and    municipal                  |          | 1,556  |                 |   | 19                    |   |                     | (94     | ) |   | 1,481 |   |
| Residential mortgage-backed(a)          |          | 5,326  |                 |   | 70                    |   |                     | (1,052  | ) |   | 4,344 |   |
| Commercial      mortgage-backed         |          | 2,910  |                 |   | 14                    |   |                     | (788    | ) |   | 2,136 |   |
| Asset-backed                            |          | 2,881  |                 |   | 1                     |   |                     | (691    | ) |   | 2,191 |   |
| Corporate –    non-U.S.           |          | 1,441  |                 |   | 14                    |   |                     | (166    | ) |   | 1,289 |   |
| Government –      non-U.S.        |          | 1,300  |                 |   | 61                    |   |                     | (19     | ) |   | 1,342 |   |
| U.S. government and federal      agency |          | 739    |                 |   | 65                    |   |                     | (100    | ) |   | 704 |   |
| Retained      interests(b)(c)           |          | 6,395  |                 |   | 113                   |   |                     | (152    | ) |   | 6,356 |   |
| Equity                                  |          |   |                 |   |                  |   |                     |    |   |   |   |   |
| Available-for-sale                      |          | 921    |                 |   | 26                    |   |                     | (160    | ) |   | 787 |   |
| Trading                                 |          | 388    |                 |   | −               |   |                     | − |   |   | 388 |   |
| Total                                   | $             | 46,040 |                 | $      | 895                   |   | $                        | (5,699  | ) | $ | 41,236 |   |
|                                    |          |   |                 |   |                  |   |                     |    |   |   |   |   |

| (a)    | Substantially      collateralized by U.S. mortgages.                                                                                                                                                                                                     |   |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b)    | Included      $1,904 million and $1,752 million of retained interests at March 31, 2009      and December 31, 2008, respectively, accounted for in accordance with SFAS      155, Accounting for      Certain Hybrid Financial Instruments. See Note 13. |   |
| (c)    | Amortized      cost and estimated fair value included $23 million and $20 million of      trading securities at March 31, 2009 and December 31, 2008,      respectively.                                                                                 |   |
|   |                                                                                                                                                                                                                                                     |   |

----

|                                    | In      loss position for |    |
|-----------------------------------------|---------------------------|---------|
|                                    | Less      than 12 months  |    | 12      months or more |   |
| (In      millions)                      | Estimatedfair      value  |    | Grossunrealizedlosses |   | Estimatedfair      value |   | Grossunrealizedlosses |   |
|                                    |                      |    |   |   |   |   |   |   |   |   |   |   |
| March      31, 2009                     |                      |    |   |   |   |   |   |   |   |   |   |   |
| Debt                                    |                      |    |   |   |   |   |   |   |   |   |   |   |
| U.S. corporate                          | $                         | 7,224   |   | $ | (834 | ) | $ | 6,430 |   | $ | (2,342 | ) |
| State and    municipal                  |                      | 495     |   |   | (191 | ) |   | 248 |   |   | (102 | ) |
| Residential      mortgage-backed        |                      | 350     |   |   | (88 | ) |   | 1,856 |   |   | (1,033 | ) |
| Commercial      mortgage-backed         |                      | 407     |   |   | (113 | ) |   | 1,479 |   |   | (801 | ) |
| Asset-backed                            |                      | 1,133   |   |   | (155 | ) |   | 1,017 |   |   | (376 | ) |
| Corporate –    non-U.S.           |                      | 458     |   |   | (81 | ) |   | 374 |   |   | (121 | ) |
| Government –      non-U.S.        |                      | 187     |   |   | (5 | ) |   | 262 |   |   | (18 | ) |
| U.S. government and federal      agency |                      | − |   |   | − |   |   | 113 |   |   | (138 | ) |
| Retained      interests                 |                      | 1,537   |   |   | (34 | ) |   | 421 |   |   | (74 | ) |
| Equity                                  |                      | 182     |   |   | (106 | ) |   | 15 |   |   | (7 | ) |
| Total                                   | $                         | 11,973  |   | $ | (1,607 | ) | $ | 12,215 |   | $ | (5,012 | ) |
|                                    |                      |    |   |   |   |   |   |   |   |   |   |   |
| December      31, 2008                  |                      |    |   |   |   |   |   |   |   |   |   |   |
| Debt                                    |                      |    |   |   |   |   |   |   |   |   |   |   |
| U.S. corporate                          | $                         | 6,602   |   | $ | (1,108 | ) | $ | 5,629 |   | $ | (1,369 | ) |
| State and    municipal                  |                      | 570     |   |   | (44 | ) |   | 278 |   |   | (50 | ) |
| Residential      mortgage-backed        |                      | 1,355   |   |   | (107 | ) |   | 1,614 |   |   | (945 | ) |
| Commercial      mortgage-backed         |                      | 774     |   |   | (184 | ) |   | 1,218 |   |   | (604 | ) |
| Asset-backed                            |                      | 1,064   |   |   | (419 | ) |   | 1,063 |   |   | (272 | ) |
| Corporate –    non-U.S.           |                      | 454     |   |   | (106 | ) |   | 335 |   |   | (60 | ) |
| Government –      non-U.S.        |                      | 88      |   |   | (4 | ) |   | 275 |   |   | (15 | ) |
| U.S. government and federal      agency |                      | − |   |   | − |   |   | 150 |   |   | (100 | ) |
| Retained      interests                 |                      | 1,403   |   |   | (71 | ) |   | 274 |   |   | (81 | ) |
| Equity                                  |                      | 265     |   |   | (156 | ) |   | 9 |   |   | (4 | ) |
| Total                                   | $                         | 12,575  |   | $ | (2,199 | ) | $ | 10,845 |   | $ | (3,500 | ) |

----

|                               | Three      months ended March 31 |
|------------------------------------|----------------------------------|
| (In      millions)                 | 2009                             |   | 2008 |   |
|                               |                             |   |   |   |   |   |
| Gains                              | $                                | 24 |   | $ | 53 |   |
| Losses,      including impairments |                             | (239 | ) |   | (168 | ) |
| Net                                | $                                | (215 | ) | $ | (115 | ) |
|                               |                             |   |   |   |   |   |

|                                                        | At                 |
|-------------------------------------------------------------|--------------------|
| (In      millions)                                          | March      31,2009 |   | December      31,2008 |
|                                                        |               |   |   |   |   |   |
| Loans,      net of deferred income                          | $                  | 299,067 |   | $ | 310,203 |   |
| Investment      in financing leases, net of deferred income |               | 61,683 |   |   | 67,578 |   |
|                                                        |               | 360,750 |   |   | 377,781 |   |
| Less      allowance for losses (Note 7)                     |               | (5,714 | ) |   | (5,325 | ) |
| Financing      receivables – net(a)                   | $                  | 355,036 |   | $ | 372,456 |   |
|                                                        |               |   |   |   |   |   |

| (a) | Included      $5,538 million and $6,461 million related to consolidated, liquidating      securitization entities at March 31, 2009, and December 31, 2008,      respectively. In addition, financing receivables at March 31, 2009 and      December 31, 2008, included $2,877 million and $2,736 million,      respectively, relating to loans that had been acquired and accounted for      in accordance with SOP 03-3, Accounting for Certain Loans      or Debt Securities Acquired in a Transfer. |   |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|

----

|                                           | At                 |
|------------------------------------------------|--------------------|
| (In      millions)                             | March      31,2009 |   | December      31,2008 |
|                                           |               |   |   |   |   |   |
| CLL(a)                                         |               |   |   |   |   |   |
| Americas                                       | $                  | 100,985 |   | $ | 105,410 |   |
| Europe                                         |               | 41,208 |   |   | 37,767 |   |
| Asia                                           |               | 14,528 |   |   | 16,683 |   |
| Other                                          |               | 764 |   |   | 786 |   |
|                                           |               | 157,485 |   |   | 160,646 |   |
| Consumer(a)                                    |               |   |   |   |   |   |
| Non-U.S.      residential mortgages(b)         |               | 56,974 |   |   | 60,753 |   |
| Non-U.S.      installment and revolving credit |               | 22,256 |   |   | 24,441 |   |
| U.S.      installment and revolving credit     |               | 25,286 |   |   | 27,645 |   |
| Non-U.S.      auto                             |               | 15,343 |   |   | 18,168 |   |
| Other                                          |               | 10,309 |   |   | 11,541 |   |
|                                           |               | 130,168 |   |   | 142,548 |   |
|                                           |               |   |   |   |   |   |
| Real      Estate                               |               | 45,373 |   |   | 46,735 |   |
|                                           |               |   |   |   |   |   |
| Energy      Financial Services                 |               | 8,360 |   |   | 8,392 |   |
|                                           |               |   |   |   |   |   |
| GECAS(c)                                       |               | 15,501 |   |   | 15,429 |   |
|                                           |               |   |   |   |   |   |
| Other(d)                                       |               | 3,863 |   |   | 4,031 |   |
|                                           |               | 360,750 |   |   | 377,781 |   |
| Less      allowance for losses                 |               | (5,714 | ) |   | (5,325 | ) |
| Total                                          | $                  | 355,036 |   | $ | 372,456 |   |
|                                           |               |   |   |   |   |   |

| (a) | During      the first quarter of 2009, we transferred Artesia from CLL to Consumer.      Prior-period amounts were reclassified to conform to the current period’s      presentation.                                                                                                                                                                                                                                                                 |   |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | At      March 31, 2009, net of credit insurance, approximately 27% of this      portfolio comprised loans with introductory, below market rates that are      scheduled to adjust at future dates; with high loan-to-value ratios at      inception; whose terms permitted interest-only payments; or whose terms      resulted in negative amortization. At the origination date, loans with an      adjustable rate were underwritten to the reset value. |   |
| (c) | Included      loans and financing leases of $13,189 million and $13,078 million at March      31, 2009, and December 31, 2008, respectively, related to commercial      aircraft at Aviation Financial Services.                                                                                                                                                                                                                                            |   |
| (d) | Consisted      of loans and financing leases related to certain consolidated, liquidating      securitization entities.                                                                                                                                                                                                                                                                                                                                     |   |

----

|                                          | At                 |
|-----------------------------------------------|--------------------|
| (In      millions)                            | March      31,2009 |   | December      31,2008 |
|                                          |               |   |   |   |   |   |
| Loans      requiring allowance for losses     | $                  | 4,138 |   | $ | 2,712 |   |
| Loans      expected to be fully recoverable   |               | 1,682 |   |   | 871 |   |
| Total      impaired loans                     | $                  | 5,820 |   | $ | 3,583 |   |
|                                          |               |   |   |   |   |   |
| Allowance      for losses                     | $                  | 908 |   | $ | 635 |   |
| Average      investment during the period     |               | 4,665 |   |   | 2,064 |   |
| Interest      income earned while impaired(a) |               | 17 |   |   | 27 |   |
|                                          |               |   |   |   |   |   |

| (a) | Recognized      principally on cash basis. |
|-----|--------------------------------------------|

|  (In      millions)  | BalanceJanuary      1,2009 |   | Provisioncharged      tooperations |   | Currencyexchange |   | Other(a) |    | Grosswrite-offs |   | Recoveries |   | BalanceMarch      31,2009 |
|---------------------------|----------------------------|--------|------------------------------------|--------|------------------|--------|----------|---------|-----------------|--------|------------|--------|---------------------------|
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                      |   |   |   |   |   |   |   |   |
| CLL(b)                    |                       |   |                               |   |             |   |     |    |            |   |       |   |                      |   |   |   |   |   |   |   |   |
| Americas                  | $                          | 843    |                               | $      | 271              |   | $        | (1      | )               | $      | (8         | )      | $                         | (201 | ) | $ | 16 |   | $ | 920 |   |
| Europe                    |                       | 288    |                               |   | 106              |   |     | (10     | )               |   | (1         | )      |                      | (59 | ) |   | 3 |   |   | 327 |   |
| Asia                      |                       | 163    |                               |   | 50               |   |     | (18     | )               |   | 7          |   |                      | (28 | ) |   | 4 |   |   | 178 |   |
| Other                     |                       | 2      |                               |   | −          |   |     | − |            |   | 2          |   |                      | − |   |   | − |   |   | 4 |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                      |   |   |   |   |   |   |   |   |
| Consumer(b)               |                       |   |                               |   |             |   |     |    |            |   |       |   |                      |   |   |   |   |   |   |   |   |
| Non-U.S.      residential |                       |   |                               |   |             |   |     |    |            |   |       |   |                      |   |   |   |   |   |   |   |   |
| mortgages                 |                       | 383    |                               |   | 237              |   |     | (41     | )               |   | 4          |   |                      | (81 | ) |   | 24 |   |   | 526 |   |
| Non-U.S.      installment |                       |   |                               |   |             |   |     |    |            |   |       |   |                      |   |   |   |   |   |   |   |   |
| and revolving      credit |                       | 1,051  |                               |   | 433              |   |     | (62     | )               |   | 12         |   |                      | (493 | ) |   | 97 |   |   | 1,038 |   |
| U.S.      installment and |                       |   |                               |   |             |   |     |    |            |   |       |   |                      |   |   |   |   |   |   |   |   |
| revolvingcredit           |                       | 1,700  |                               |   | 905              |   |     | − |            |   | (229       | )      |                      | (695 | ) |   | 37 |   |   | 1,718 |   |
| Non-U.S.      auto        |                       | 222    |                               |   | 128              |   |     | (12     | )               |   | 19         |   |                      | (160 | ) |   | 52 |   |   | 249 |   |
| Other                     |                       | 226    |                               |   | 73               |   |     | (11     | )               |   | (23        | )      |                      | (77 | ) |   | 11 |   |   | 199 |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                      |   |   |   |   |   |   |   |   |
| Real      Estate          |                       | 301    |                               |   | 110              |   |     | (6      | )               |   | −    |   |                      | (9 | ) |   | − |   |   | 396 |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                      |   |   |   |   |   |   |   |   |
| Energy      Financial     |                       |   |                               |   |             |   |     |    |            |   |       |   |                      |   |   |   |   |   |   |   |   |
| Services                  |                       | 58     |                               |   | 10               |   |     | − |            |   | (2         | )      |                      | − |   |   | − |   |   | 66 |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                      |   |   |   |   |   |   |   |   |
| GECAS                     |                       | 60     |                               |   | −          |   |     | − |            |   | 1          |   |                      | − |   |   | − |   |   | 61 |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                      |   |   |   |   |   |   |   |   |
| Other                     |                       | 28     |                               |   | 13               |   |     | − |            |   | 1          |   |                      | (10 | ) |   | − |   |   | 32 |   |
| Total                     | $                          | 5,325  |                               | $      | 2,336            |   | $        | (161    | )               | $      | (217       | )      | $                         | (1,813 | ) | $ | 244 |   | $ | 5,714 |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                      |   |   |   |   |   |   |   |   |

| (a) | Other      primarily included the effects of securitization  activity.                                                                                                                      |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | During      the first quarter of 2009, we transferred Artesia from CLL to Consumer.      Prior-period amounts were reclassified to conform to the current period’s      presentation. |   |   |

----

| (In      millions)        | BalanceJanuary      1,2008 |   | Provisioncharged      tooperations |   | Currencyexchange |   | Other(a) |    | Grosswrite-offs |   | Recoveries |   | BalanceMarch      31,2008 |
|---------------------------|----------------------------|--------|------------------------------------|--------|------------------|--------|----------|---------|-----------------|--------|------------|--------|---------------------------|
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                      |   |   |   |   |   |   |   |   |
| CLL(b)                    |                       |   |                               |   |             |   |     |    |            |   |       |   |                      |   |   |   |   |   |   |   |   |
| Americas                  | $                          | 471    |                               | $      | 97               |   | $        | 1       |            | $      | 73         |   | $                         | (59 | ) | $ | 14 |   | $ | 597 |   |
| Europe                    |                       | 232    |                               |   | 39               |   |     | 13      |            |   | (38        | )      |                      | (34 | ) |   | 6 |   |   | 218 |   |
| Asia                      |                       | 226    |                               |   | 19               |   |     | 15      |            |   | 42         |   |                      | (187 | ) |   | 2 |   |   | 117 |   |
| Other                     |                       | 3      |                               |   | −          |   |     | 1       |            |   | (1         | )      |                      | − |   |   | − |   |   | 3 |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                      |   |   |   |   |   |   |   |   |
| Consumer(b)               |                       |   |                               |   |             |   |     |    |            |   |       |   |                      |   |   |   |   |   |   |   |   |
| Non-U.S.      residential |                       |   |                               |   |             |   |     |    |            |   |       |   |                      |   |   |   |   |   |   |   |   |
| mortgages                 |                       | 246    |                               |   | 31               |   |     | 10      |            |   | 1          |   |                      | (27 | ) |   | 20 |   |   | 281 |   |
| Non-U.S.      installment |                       |   |                               |   |             |   |     |    |            |   |       |   |                      |   |   |   |   |   |   |   |   |
| and revolving      credit |                       | 1,371  |                               |   | 429              |   |     | 78      |            |   | (1         | )      |                      | (617 | ) |   | 200 |   |   | 1,460 |   |
| U.S.      installment and |                       |   |                               |   |             |   |     |    |            |   |       |   |                      |   |   |   |   |   |   |   |   |
| revolvingcredit           |                       | 985    |                               |   | 585              |   |     | − |            |   | (161       | )      |                      | (505 | ) |   | 61 |   |   | 965 |   |
| Non-U.S.      auto        |                       | 324    |                               |   | 73               |   |     | 7       |            |   | (39        | )      |                      | (150 | ) |   | 77 |   |   | 292 |   |
| Other                     |                       | 167    |                               |   | 54               |   |     | 14      |            |   | −    |   |                      | (69 | ) |   | 17 |   |   | 183 |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                      |   |   |   |   |   |   |   |   |
| Real      Estate          |                       | 168    |                               |   | (1               | )      |     | 2       |            |   | 15         |   |                      | (4 | ) |   | − |   |   | 180 |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                      |   |   |   |   |   |   |   |   |
| Energy      Financial     |                       |   |                               |   |             |   |     |    |            |   |       |   |                      |   |   |   |   |   |   |   |   |
| Services                  |                       | 19     |                               |   | 1                |   |     | − |            |   | 2          |   |                      | − |   |   | − |   |   | 22 |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                      |   |   |   |   |   |   |   |   |
| GECAS                     |                       | 8      |                               |   | 16               |   |     | − |            |   | −    |   |                      | (1 | ) |   | − |   |   | 23 |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                      |   |   |   |   |   |   |   |   |
| Other                     |                       | 18     |                               |   | −          |   |     | − |            |   | 1          |   |                      | (5 | ) |   | − |   |   | 14 |   |
| Total                     | $                          | 4,238  |                               | $      | 1,343            |   | $        | 141     |            | $      | (106       | )      | $                         | (1,658 | ) | $ | 397 |   | $ | 4,355 |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                      |   |   |   |   |   |   |   |   |

| (a) | Other      primarily included the effects of securitization activity, dispositions      and acquisitions.                                                                                   |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | During      the first quarter of 2009, we transferred Artesia from CLL to Consumer.      Prior-period amounts were reclassified to conform to the current period’s      presentation. |

|                                           | At                 |   |
|------------------------------------------------|--------------------|--------|
| (In      millions)                             | March      31,2009 |   | December      31,2008 |   |
|                                           |               |   |   |   |   |   |
| Goodwill                                       | $                  | 24,437 |   | $ | 25,365 |   |
| Intangible      assets subject to amortization |               | 3,416  |   |   | 3,613 |   |
| Total                                          | $                  | 27,853 |   | $ | 28,978 |   |
|                                           |               |   |   |   |   |   |

----

|                                     | 2009   |   |
|------------------------------------------|--------|--------|
| (In      millions)                       | CLL    |   | Consumer |   | RealEstate |   | EnergyFinancialServices |   | GECAS |   | Total |   |
|                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance      January 1                   | $      | 12,458 | (a) | $ | 9,407 | (a) | $ | 1,183 |   | $ | 2,162 |   | $ | 155 |   | $ | 25,365 |   |
| Acquisitions/acquisition      accounting |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| adjustments                              |   | 217    |   |   | 4 |   |   | (7 | ) |   | (4 | ) |   | − |   |   | 210 |   |
| Dispositions,      currency exchange     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| and other                                |   | (646   | ) |   | (416 | ) |   | (36 | ) |   | (39 | ) |   | (1 | ) |   | (1,138 | ) |
| Balance      March 31                    | $      | 12,029 |   | $ | 8,995 |   | $ | 1,140 |   | $ | 2,119 |   | $ | 154 |   | $ | 24,437 |   |
|                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a) | Reflected      the transfer of Artesia during the first quarter of 2009, resulting in a      related movement of beginning goodwill balance of $326      million. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                  | At                  |
|---------------------------------------|---------------------|
|                                  | March      31, 2009 |   | December      31, 2008 |
| (In      millions)                    | Grosscarryingamount |   | Accumulatedamortization |   | Net |   | Grosscarryingamount |   | Accumulatedamortization |   | Net |
|                                  |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Customer-related                      | $                   | 2,005 |   | $ | (894 | ) | $ | 1,111 |   | $ | 1,790 |   | $ | (616 | ) | $ | 1,174 |
| Patents,      licenses and trademarks |                | 563 |   |   | (465 | ) |   | 98 |   |   | 564 |   |   | (460 | ) |   | 104 |
| Capitalized      software             |                | 2,205 |   |   | (1,536 | ) |   | 669 |   |   | 2,166 |   |   | (1,476 | ) |   | 690 |
| Lease      valuations                 |                | 1,716 |   |   | (650 | ) |   | 1,066 |   |   | 1,761 |   |   | (594 | ) |   | 1,167 |
| Present      value of future profits  |                | 869 |   |   | (444 | ) |   | 425 |   |   | 869 |   |   | (439 | ) |   | 430 |
| All      other                        |                | 210 |   |   | (163 | ) |   | 47 |   |   | 210 |   |   | (162 | ) |   | 48 |
| Total                                 | $                   | 7,568 |   | $ | (4,152 | ) | $ | 3,416 |   | $ | 7,360 |   | $ | (3,747 | ) | $ | 3,613 |
|                                  |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                         | At                 |
|----------------------------------------------|--------------------|
| (In      millions)                           | March      31,2009 |   | December      31,2008 |
|                                         |               |   |   |   |   |   |
| Short-term      borrowings                   |               |   |   |   |   |   |
|                                         |               |   |   |   |   |   |
| Commercial      paper                        |               |   |   |   |   |   |
| U.S.                                         |               |   |   |   |   |   |
| Unsecured(a)                                 | $                  | 49,755 |   | $ | 62,768 |   |
| Asset-backed(b)                              |               | 3,518 |   |   | 3,652 |   |
| Non-U.S.                                     |               | 7,772 |   |   | 9,033 |   |
| Current      portion of long-term debt(a)(c) |               | 79,018 |   |   | 69,682 |   |
| Bank      deposits(d)(e)                     |               | 25,770 |   |   | 29,634 |   |
| Bank      borrowings(f)                      |               | 2,462 |   |   | 10,028 |   |
| GE      Interest Plus notes(g)               |               | 5,049 |   |   | 5,633 |   |
| Other                                        |               | 2,332 |   |   | 3,103 |   |
| Total                                        |               | 175,676 |   |   | 193,533 |   |
|                                         |               |   |   |   |   |   |
| Long-term      borrowings                    |               |   |   |   |   |   |
|                                         |               |   |   |   |   |   |
| Senior      notes                            |               |   |   |   |   |   |
| Unsecured(a)                                 |               | 295,295 |   |   | 299,186 |   |
| Asset-backed(h)                              |               | 4,518 |   |   | 5,002 |   |
| Subordinated      notes(i)                   |               | 2,739 |   |   | 2,866 |   |
| Subordinated      debentures(j)              |               | 7,056 |   |   | 7,315 |   |
| Bank deposits(k)                             |               | 7,804 |   |   | 6,699 |   |
| Total                                        |               | 317,412 |   |   | 321,068 |   |
| Total      borrowings                        | $                  | 493,088 |   | $ | 514,601 |   |
|                                         |               |   |   |   |   |   |

| (a) | GE      Capital had issued and outstanding, $73,990 million ($36,965 million      commercial paper and $37,025 million long-term borrowings) and $35,243      million ($21,823 million commercial paper and $13,420 million long-term      borrowings) of senior, unsecured debt that was guaranteed by the Federal      Deposit Insurance Corporation (FDIC) under the Temporary Liquidity      Guarantee Program at March 31, 2009 and December 31, 2008, respectively.      GE Capital and GE are parties to an Eligible Entity Designation Agreement      and GE Capital is subject to the terms of a Master Agreement, each entered      into with the FDIC. The terms of these agreements include, among other      things, a requirement that GE and GE Capital reimburse the FDIC for any      amounts that the FDIC pays to holders of debt that is guaranteed by the      FDIC. |   |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | Consists      entirely of obligations of consolidated, liquidating securitization      entities. See Note 6.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| (c) | Included      $283 million and $326 million of asset-backed senior notes, issued by      consolidated, liquidating securitization entities at March 31, 2009, and      December 31, 2008, respectively.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |
| (d) | Included      $12,352 million and $11,793 million of deposits in non-U.S. banks at March      31, 2009, and December 31, 2008, respectively.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| (e) | Included      certificates of deposits distributed by brokers of $13,418 million and      $17,841 million at March 31, 2009, and December 31, 2008,      respectively.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |
| (f) | Term      borrowings from banks with a remaining term to maturity of less than 12      months.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |
| (g) | Entirely      variable denomination floating rate demand notes.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
| (h) | Included      $1,422 million and $2,104 million of asset-backed senior notes, issued by      consolidated, liquidating securitization entities at March 31, 2009, and      December 31, 2008, respectively. See Note 6.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |
| (i) | Included      $750 million of subordinated notes guaranteed by GE at March 31, 2009, and      December 31, 2008.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |
| (j) | Subordinated      debentures receive rating agency equity credit and were hedged at issuance      to the U.S. dollar equivalent of $7,725 million.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
| (k) | Entirely      certificates of deposits distributed by brokers with maturities greater      than one year.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |

----

----

| (In      millions)         | Level      1 |    | Level      2 |   | Level      3 |   | FIN 39 netting(a) |    | Net      balance |   |
|----------------------------|--------------|---------|--------------|--------|--------------|--------|-------------------|---------|------------------|--------|
| March      31, 2009        |         |    |         |   |         |   |              |    |             |   |   |   |   |   |   |
|                       |         |    |         |   |         |   |              |    |             |   |   |   |   |   |   |
| Assets                     |         |    |         |   |         |   |              |    |             |   |   |   |   |   |   |
| Investment      securities | $            | 2,511   |         | $      | 27,475       |   | $                 | 11,797  |             | $      | − |   | $ | 41,783 |   |
| Derivatives(b)             |         | – |         |   | 15,868       |   |              | 1,074   |             |   | (6,363 | ) |   | 10,579 |   |
| Other(c)                   |         | – |         |   | 889          |   |              | 512     |             |   | – |   |   | 1,401 |   |
| Total                      | $            | 2,511   |         | $      | 44,232       |   | $                 | 13,383  |             | $      | (6,363 | ) | $ | 53,763 |   |
|                       |         |    |         |   |         |   |              |    |             |   |   |   |   |   |   |
| Liabilities                |         |    |         |   |         |   |              |    |             |   |   |   |   |   |   |
| Derivatives                | $            | − |         | $      | 9,838        |   | $                 | 233     |             | $      | (6,530 | ) | $ | 3,541 |   |
| Other                      |         | – |         |   | 924          |   |              | – |             |   | – |   |   | 924 |   |
| Total                      | $            | − |         | $      | 10,762       |   | $                 | 233     |             | $      | (6,530 | ) | $ | 4,465 |   |

| December      31, 2008     |   |    |   |   |   |   |   |    |   |   |    |   |   |   |   |
|----------------------------|--------|---------|--------|--------|--------|--------|--------|---------|--------|--------|---------|--------|--------|--------|--------|
|                       |   |    |   |   |   |   |   |    |   |   |    |   |   |   |   |
| Assets                     |   |    |   |   |   |   |   |    |   |   |    |   |   |   |   |
| Investment      securities | $      | 1,141   |   | $      | 27,313 |   | $      | 12,782  |   | $      | – |   | $      | 41,236 |   |
| Derivatives(b)             |   | – |   |   | 18,109 |   |   | 1,094   |   |   | (7,088  | )      |   | 12,115 |   |
| Other(c)                   |   | − |   |   | 288    |   |   | 551     |   |   | – |   |   | 839    |   |
| Total                      | $      | 1,141   |   | $      | 45,710 |   | $      | 14,427  |   | $      | (7,088  | )      | $      | 54,190 |   |
|                       |   |    |   |   |   |   |   |    |   |   |    |   |   |   |   |
| Liabilities                |   |    |   |   |   |   |   |    |   |   |    |   |   |   |   |
| Derivatives                | $      | 2       |   | $      | 11,517 |   | $      | 165     |   | $      | (7,252  | )      | $      | 4,432  |   |
| Other                      |   | – |   |   | 323    |   |   | – |   |   | – |   |   | 323    |   |
| Total                      | $      | 2       |   | $      | 11,840 |   | $      | 165     |   | $      | (7,252  | )      | $      | 4,755  |   |
|                       |   |    |   |   |   |   |   |    |   |   |    |   |   |   |   |

| (a) | FASB      Interpretation (FIN) 39, Offsetting of Amounts Related      to Certain Contracts, permits the netting of derivative receivables      and payables when a legally enforceable master netting agreement exists.      Included fair value adjustments related to our own and counterparty credit      risk. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | The      fair value of derivatives included an adjustment for non-performance risk.      At March 31, 2009 and December 31, 2008, the cumulative adjustment was a      gain of $167 million and $164 million, respectively.                                                                                        |
| (c) | Included      private equity investments and loans designated under the fair value      option.                                                                                                                                                                                                                    |

----

| (In      millions)                           | January      1,2009 |   | Net      realized/unrealizedgains      (losses)included      inearnings(a) |   | Net      realized/unrealizedgains      (losses)included      inaccumulated othercomprehensiveincome |                           | Purchases,issuancesandsettlements |   | Transfersin      and/orout      ofLevel      3(b) |   | March      31,2009 |                           |   | Net      changein      unrealizedgains      (losses)relating      toinstrumentsstill      held at March 31,2009(c) |                           |
|----------------------------------------------|---------------------|--------|----------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------|--------------------------------|-----------------------------------|--------|---------------------------------------------------|--------|--------------------|--------------------------------|--------|--------------------------------------------------------------------------------------------------------------------|--------------------------------|
|                                         |                |   |                                                   |   |                                                                                                     |       |                              |   |                          |   |               |       |   |                                                                                                               |       |   |   |     |     |   |   |     |
| Investment      securities    | $                   | 12,782 |                                                                       | $      | 306                                                                                                      |                           | $                                 | (300   | )                                                 | $      | (302               | )                              | $      | (689                                                                                                               | )                              | $ | 11,797 |   |   | $ | 110 |   |
| Derivatives(d)(e)                            |                | 956    |                                                                       |   | 25                                                                                                       |                           |                              | (44    | )                                                 |   | (62                | )                              |   | 22                                                                                                                 |                           |   | 897 |   |   |   | (14 | ) |
| Other                                        |                | 551    |                                                                       |   | (10                                                                                                      | )                              |                              | (18    | )                                                 |   | (11                | )                              |   | −                                                                                                            |                           |   | 512 |   |   |   | (19 | ) |
| Total                                        | $                   | 14,289 |                                                                       | $      | 321                                                                                                      |                           | $                                 | (362   | )                                                 | $      | (375               | )                              | $      | (667                                                                                                               | )                              | $ | 13,206 |   |   | $ | 77 |   |
|                                         |                |   |                                                                       |   |                                                                                                     |                           |                              |   |                                              |   |               |                           |   |                                                                                                               |                           |   |   |   |   |   |   |   |

| (a) | Earnings      effects are primarily included in the “Revenues from services” and      “Interest” captions in the Condensed Statement of Current and Retained      Earnings.                                              |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Transfers      in and out of Level 3 are considered to occur at the beginning of the      period. Transfers out of Level 3 were a result of increased use of quotes      from independent pricing vendors based on recent trading      activity. |
| (c) | Represented      the amount of unrealized gains or losses for the period included in      earnings.                                                                                                                                              |
| (d) | Earnings      from Derivatives were more than offset by $30 million in losses from      related derivatives included in Level 2 and $10 million in losses from      qualifying fair value hedges.                                                |
| (e) | Represented      derivative assets net of derivative liabilities and included cash accruals      of $56 million not reflected in the fair value hierarchy      table.                                                                            |

----

| (In      millions)                           | January      1,2008 |   | Net      realized/unrealizedgains      (losses)included      inearnings(a) |   | Net      realized/unrealizedgains      (losses)included      inaccumulated othercomprehensiveincome |                           | Purchases,issuancesandsettlements |   | Transfersin      and/orout      ofLevel      3(b) |   | March      31,2008 |                           |   | Net      changein      unrealizedgains      (losses)relating      toinstrumentsstill      held at March 31,2008(c) |                           |
|----------------------------------------------|---------------------|--------|----------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------|--------------------------------|-----------------------------------|--------|---------------------------------------------------|--------|--------------------|--------------------------------|--------|--------------------------------------------------------------------------------------------------------------------|--------------------------------|
|                                         |                |   |                                                   |   |                                                                                                     |       |                              |   |                          |   |               |       |   |                                                                                                               |       |   |   |     |     |   |   |     |
| Investment      securities    | $                   | 12,122 |                                                                       | $      | 86                                                                                                       |                           | $                                 | (152   | )                                                 | $      | 375                |                           | $      | −                                                                                                            |                           | $ | 12,431 |   |   | $ | (38 | ) |
| Derivatives(d)(e)                            |                | 264    |                                                                       |   | 507                                                                                                      |                           |                              | 56     |                                              |   | (51                | )                              |   | −                                                                                                            |                           |   | 776 |   |   |   | 484 |   |
| Other                                        |                | 689    |                                                                       |   | (18                                                                                                      | )                              |                              | 33     |                                              |   | 10                 |                           |   | −                                                                                                            |                           |   | 714 |   |   |   | (18 | ) |
| Total                                        | $                   | 13,075 |                                                                       | $      | 575                                                                                                      |                           | $                                 | (63    | )                                                 | $      | 334                |                           | $      | −                                                                                                            |                           | $ | 13,921 |   |   | $ | 428 |   |
|                                         |                |   |                                                                       |   |                                                                                                     |                           |                              |   |                                              |   |               |                           |   |                                                                                                               |                           |   |   |   |   |   |   |   |

| (a) | Earnings      effects are primarily included in the “Revenues from services” and      “Interest” captions in the Condensed Statement of Current and Retained      Earnings. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Transfers      in and out of Level 3 are considered to occur at the beginning of the      period. No transfers occurred during the first quarter of      2008.                                      |
| (c) | Represented      the amount of unrealized gains or losses for the period included in      earnings.                                                                                                 |
| (d) | Earnings      from Derivatives were more than offset by $380 million in losses from      related derivatives included in Level 2 and $148 million in losses from      qualifying fair value hedges. |
| (e) | Represented      derivative assets net of derivative liabilities and includes cash accruals      of $11 million not reflected in the fair value hierarchy      table.                               |

|                                                               | Three      months ended March 31 |   |
|--------------------------------------------------------------------|----------------------------------|--------|
| (In      millions)                                                 | 2009                             |   | 2008 |   |
|                                                               |                             |   |   |   |   |   |
|                                                               |                             |   |   |   |   |   |
| Financing      receivables and loans held for sale                 | $                                | (324   | ) | $ | (155 | ) |
| Cost      and equity method investments                            |                             | (224   | ) |   | (66 | ) |
| Long-lived      assets(a)                                          |                             | (128   | ) |   | (26 | ) |
| Retained      investments in formerly consolidated subsidiaries(a) |                             | 226    |   |   | – |   |
| Total                                                              | $                                | (450   | ) | $ | (247 | ) |
|                                                               |                             |   |   |   |   |   |

| (a) | SFAS      157 was adopted for non-financial assets valued on a non-recurring basis      as of January 1, 2009. |
|-----|----------------------------------------------------------------------------------------------------------------|

----

|                                                        | At      March 31, 2009 |   |
|-------------------------------------------------------------|------------------------|--------|
|                                                        | Fair      value        |   |
| (In      millions)                                          | Assets                 |   | Liabilities |   |
|                                                        |                   |   |   |   |   |   |
| Derivatives      accounted for as hedges under SFAS 133     |                   |   |   |   |   |   |
| Interest      rate contracts                                | $                      | 7,895  |   | $ | 4,316 |   |
| Currency      exchange contracts                            |                   | 5,339  |   |   | 3,104 |   |
| Other      contracts                                        |                   | 71     |   |   | − |   |
|                                                        |                   | 13,305 |   |   | 7,420 |   |
|                                                        |                   |   |   |   |   |   |
| Derivatives      not accounted for as hedges under SFAS 133 |                   |   |   |   |   |   |
| Interest      rate contracts                                |                   | 1,740  |   |   | 1,796 |   |
| Currency      exchange contracts                            |                   | 1,660  |   |   | 739 |   |
| Other      contracts                                        |                   | 237    |   |   | 116 |   |
|                                                        |                   | 3,637  |   |   | 2,651 |   |
| FIN      39 netting adjustment(a)                           |                   | (6,363 | ) |   | (6,530 | ) |
|                                                        |                   |   |   |   |   |   |
| Total                                                       | $                      | 10,579 |   | $ | 3,541 |   |
|                                                        |                   |   |   |   |   |   |

| Derivatives      are classified in the captions “Other assets” and “Other liabilities” in      our financial statements. |
|--------------------------------------------------------------------------------------------------------------------------------------------------|

| (a) | FIN      39 permits      the netting of derivative receivables and payables when a legally      enforceable master netting agreement exists. Amounts included fair value      adjustments related to our own and counterparty credit risk. At March 31,      2009 and December 31, 2008, the cumulative adjustment for non-performance      risk was a gain of $167 million and $164 million,      respectively. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                             |                             |   | Three      months endedMarch      31, 2009 |   |
|----------------------------------|----------------------------------|--------|--------------------------------------------|--------|
| (In      millions)               | Financial      statement caption |   | Gain      (loss)on      hedgingderivatives |   | Gain      (loss)on      hedgeditems |   |
|                             |                             |   |                                       |   |   |   |   |   |
| Interest      rate contracts     | Interest                         |   | $                                          | (937   | ) | $ | 986 |   |
| Currency      exchange contracts | Interest                         |   |                                       | (967   | ) |   | 949 |   |
|                             |                             |   |                                       |   |   |   |   |   |

| Fair      value hedges resulted in $31 million of ineffectiveness of which $(27)      million reflects amounts excluded from the assessment of      effectiveness. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|  (In      millions)         | Gain      (loss)recognizedin      OCI |   | Financial      statement caption |                        | Gain      (loss)reclassifiedfromAOCI      intoearnings |   |
|----------------------------------|---------------------------------------|--------|----------------------------------|-----------------------------|--------------------------------------------------------|--------|
|                             |                                  |   |         |                        |                                         |   |   |     |
| Cash      flow hedges            |                                  |   |                             |                        |                                                   |   |   |   |
| Interest      rate contracts     | $                                     | 99     |                             | Interest                    |                                                   | $      | (486 | ) |
| Currency      exchange contracts |                                  | 569    |                             | Interest                    |                                                   |   | (1 | ) |
|                             |                                  |   |                             | Revenues      from services |                                                   |   | (269 | ) |
| Commodity      contracts         |                                  | 1      |                             |                        |                                                   |   |   |   |
|                             |                                  |   |                             |                        |                                                   |   |   |   |
| Total                            | $                                     | 669    |                             |                        |                                                   | $      | (756 | ) |

|                             | Gain      (loss)recognizedin      CTA |   |   |                        | Gain      (loss)reclassifiedfrom      CTA |   |
|----------------------------------|---------------------------------------|--------|--------|-----------------------------|-------------------------------------------|--------|
|                             |                                  |   |   |                        |                                      |   |   |   |
| Net      investment hedges       |                                  |   |   |                        |                                      |   |   |   |
| Currency      exchange contracts | $                                     | 2,355  |   | Revenues      from services |                                      | $      | (39 | ) |
|                             |                                  |   |   |                        |                                      |   |   |   |

| Of      the total pre-tax amount recorded in AOCI, $4,106 million related to cash      flow hedges of forecasted transactions of which we expect to transfer      $1,919 million to earnings as an expense in the next 12 months      contemporaneously with the earnings effects of the related forecasted      transactions. In the first quarter of 2009, we recognized insignificant      gains and losses related to hedged forecasted transactions and firm      commitments that did not occur by the end of the originally specified      period. At March 31, 2009, the maximum term of derivative instruments that      hedge forecasted transactions was 27 years and related to hedges of      anticipated interest payments associated with external    debt. |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                              | Three      months ended March 31 |
|---------------------------------------------------|----------------------------------|
| (In      millions)                                | 2009                             |   | 2008 |   |
|                                              |                             |   |   |   |   |   |
| Net      earnings attributable to GECS            | $                                | 957 |   | $ | 2,395 |   |
| Investment      securities – net            |                             | (636 | ) |   | (729 | ) |
| Currency      translation adjustments – net |                             | (3,049 | ) |   | 1,149 |   |
| Cash      flow hedges – net                 |                             | 696 |   |   | (1,659 | ) |
| Benefit      plans – net                    |                             | 8 |   |   | 13 |   |
| Total                                             | $                                | (2,024 | ) | $ | 1,169 |   |

----

|                                                      | At                  |    |
|-----------------------------------------------------------|---------------------|---------|
|                                                      | March      31, 2009 |    | December      31, 2008 |   |
| (In      millions)                                        | Assets              |    | Liabilities |   | Assets |   | Liabilities |   |
|                                                      |                |    |   |   |   |   |   |   |   |   |   |   |
| Consolidated, liquidating      securitization entities(a) | $                   | 3,813   |   | $ | 3,665 |   | $ | 4,000 |   | $ | 3,868 |   |
| Trinity(b)                                                |                | 8,348   |   |   | 10,747 |   |   | 9,192 |   |   | 11,623 |   |
| Penske Truck Leasing Co., L.P.      (PTL)(c)              |                | – |   |   | – |   |   | 7,444 |   |   | 1,339 |   |
| Other(d)                                                  |                | 5,007   |   |   | 3,556 |   |   | 5,790 |   |   | 4,272 |   |
|                                                      | $                   | 17,168  |   | $ | 17,968 |   | $ | 26,426 |   | $ | 21,102 |   |
|                                                      |                |    |   |   |   |   |   |   |   |   |   |   |

| (a) | If      the short-term credit rating of GE Capital or these entities were reduced      below A–1/P–1, we could be required to provide substitute liquidity for      those entities or provide funds to retire the outstanding commercial      paper. The maximum net amount that we could be required to provide in the      event of such a downgrade is determined by contract, and totaled $3,420      million at March 31, 2009. The borrowings of these entities are reflected      in our Statement of Financial Position.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | If      the long-term credit rating of GE Capital were to fall below AA-/Aa3 or      its short-term credit rating were to fall below A-1+/P-1, GE Capital could      be required to provide approximately $3,224 million to such entities as of      March 31, 2009, pursuant to letters of credit issued by GE Capital. To the      extent that the entities’ liabilities exceed the ultimate value of the      proceeds from the sale of their assets and the amount drawn under the      letters of credit, GE Capital could be required to provide such excess      amount. The borrowings of these entities are reflected in our Statement of      Financial Position.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| (c) | In      the first quarter of 2009, we sold a 1% limited partnership interest in      PTL, a previously consolidated VIE, to Penske Truck Leasing Corporation,      the general partner of PTL, whose majority shareowner is a member of GE’s      Board of Directors. The disposition of the shares, coupled with our      resulting minority position on the PTL advisory committee and related      changes in our contractual rights, resulted in the deconsolidation of PTL.      We recognized a pre-tax gain on the sale of $296 million, including a gain      on the remeasurement of our retained investment of $189 million. The      measurement of the fair value of our retained investment in PTL was based      on a methodology that incorporated both discounted cash flow information      and market data. In applying this methodology, we utilized different      sources of information, including actual operating results, future      business plans, economic projections and market observable pricing      multiples of similar businesses. The resulting fair value reflected our      position as a noncontrolling shareowner at the conclusion of the      transaction. |
| (d) | The      remaining assets and liabilities of VIEs that are included in our      consolidated financial statements were acquired in transactions subsequent      to adoption of FIN 46(R) on January 1, 2004. Assets of these entities      consist of amortizing securitizations of financial assets originated by      acquirees in Australia and Japan, and real estate partnerships. There are      no recourse arrangements between GE and these  entities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |

----

|                                                 | At                 |
|------------------------------------------------------|--------------------|
| (In      millions)                                   | March      31,2009 |   | December      31,2008 |
|                                                 |               |   |   |   |   |   |
| Other assets(a)                                      | $                  | 8,257 |   | $ | 1,897 |   |
| Financing      receivables                           |               | 642 |   |   | 974 |   |
| Total      investment                                |               | 8,899 |   |   | 2,871 |   |
| Contractual      obligations to fund new investments |               | 1,460 |   |   | 1,159 |   |
| Maximum      exposure to loss                        | $                  | 10,359 |   | $ | 4,030 |   |
|                                                 |               |   |   |   |   |   |

| (a) | At      March 31, 2009, our remaining investment in PTL of $6,108 million      comprised a 49.9% partnership interest of $935 million and loans and      advances of $5,173 million. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (In      millions)                        | Equipment | (a)(b) | Commercialreal      estate | (b)    | Creditcardreceivables |   | Otherassets | (b)    | Totalassets |   |
|-------------------------------------------|-----------|--------|----------------------------|--------|-----------------------|--------|-------------|--------|-------------|--------|
|                                      |      |   |                       |   |                  |   |        |   |        |   |   |   |   |   |   |
| March      31, 2009                       |      |   |                       |   |                  |   |        |   |        |   |   |   |   |   |   |
| Asset      amount outstanding             | $         | 13,365 |                       | $      | 7,758                 |   | $           | 23,049 |        | $      | 4,627 |   | $ | 48,799 |   |
| Included      within the amount above are |      |   |                       |   |                  |   |        |   |        |   |   |   |   |   |   |
| retained interests      of:               |      |   |                       |   |                  |   |        |   |        |   |   |   |   |   |   |
| Financing      receivables(c)             |      | 1,104  |                       |   | −               |   |        | 2,364  |        |   | − |   |   | 3,468 |   |
| Investment      securities                |      | 679    |                       |   | 251                   |   |        | 5,179  |        |   | 293 |   |   | 6,402 |   |
|                                      |      |   |                       |   |                  |   |        |   |        |   |   |   |   |   |   |
| December      31, 2008                    |      |   |                       |   |                  |   |        |   |        |   |   |   |   |   |   |
| Asset      amount outstanding             | $         | 13,298 |                       | $      | 7,970                 |   | $           | 26,046 |        | $      | 5,250 |   | $ | 52,564 |   |
| Included      within the amount above are |      |   |                       |   |                  |   |        |   |        |   |   |   |   |   |   |
| retained interests      of:               |      |   |                       |   |                  |   |        |   |        |   |   |   |   |   |   |
| Financing      receivables(c)             |      | 339    |                       |   | –               |   |        | 3,802  |        |   | – |   |   | 4,141 |   |
| Investment      securities                |      | 747    |                       |   | 222                   |   |        | 4,806  |        |   | 532 |   |   | 6,307 |   |
|                                      |      |   |                       |   |                  |   |        |   |        |   |   |   |   |   |   |

| (a) | Included      inventory floorplan receivables.                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | In      certain transactions entered into prior to December 31, 2004, we provided      contractual credit and liquidity support to third parties who purchased      debt in the QSPEs. We have not entered into additional arrangements since      that date. At March 31, 2009 and December 31, 2008, liquidity support      totaled $2,122 million and $2,143 million, respectively. Credit support      totaled $2,146 million and $2,164 million at March 31, 2009 and December      31, 2008, respectively. |
| (c) | Uncertificated      seller’s interests.                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |

----

|  (In      millions)               | Equipment |   | Commercialreal      estate |   | Credit      cardreceivables |   | Otherassets |   |   |   |
|----------------------------------------|-----------|--------|----------------------------|--------|-----------------------------|--------|-------------|--------|--------|--------|
|                                   |      |   |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| March      31, 2009                    |      |   |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| Discount      rate(a)                  |      | 13.9   | %                          |   | 22.7                        | %      |        | 13.9   | %      |   | 10.7 | % |   |   |   |
| Effect      of                         |      |   |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| 10%      adverse change                | $         | (12    | )                          | $      | (13                         | )      | $           | (56    | )      | $      | (1 | ) |   |   |   |
| 20%      adverse change                |      | (24    | )                          |   | (26                         | )      |        | (110   | )      |   | (2 | ) |   |   |   |
|                                   |      |   |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| Prepayment      rate(a)(b)             |      | 19.0   | %                          |   | 11.9                        | %      |        | 9.2    | %      |   | 52.9 | % |   |   |   |
| Effect      of                         |      |   |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| 10%      adverse change                | $         | (4     | )                          | $      | (2                          | )      | $           | (82    | )      | $      | − |   |   |   |   |
| 20%      adverse change                |      | (8     | )                          |   | (3                          | )      |        | (157   | )      |   | − |   |   |   |   |
|                                   |      |   |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| Estimate      of credit losses(a)      |      | 1.0    | %                          |   | 2.0                         | %      |        | 13.9   | %      |   | − | % |   |   |   |
| Effect      of                         |      |   |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| 10%      adverse change                | $         | (4     | )                          | $      | (2                          | )      | $           | (189   | )      | $      | − |   |   |   |   |
| 20%      adverse change                |      | (9     | )                          |   | (4                          | )      |        | (371   | )      |   | − |   |   |   |   |
|                                   |      |   |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| Remaining      weighted average        |      |   |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| asset      lives (in months)           |      | 10     |                       |   | 54                          |   |        | 10     |   |   | 4 |   |   |   |   |
| Net      credit losses for the quarter | $         | 37     |                       | $      | 3                           |   | $           | 446    |   | $      | 2 |   |   |   |   |
| Delinquencies                          |      | 126    |                       |   | 97                          |   |        | 1,326  |   |   | 86 |   |   |   |   |
|                                   |      |   |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| December      31, 2008                 |      |   |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| Discount      rate(a)                  |      | 17.6   | %                          |   | 25.8                        | %      |        | 15.1   | %      |   | 13.4 | % |   |   |   |
| Effect      of                         |      |   |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| 10%      adverse change                | $         | (15    | )                          | $      | (14                         | )      | $           | (53    | )      | $      | (1 | ) |   |   |   |
| 20%      adverse change                |      | (30    | )                          |   | (26                         | )      |        | (105   | )      |   | (3 | ) |   |   |   |
|                                   |      |   |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| Prepayment      rate(a)(b)             |      | 19.5   | %                          |   | 11.3                        | %      |        | 9.6    | %      |   | 52.0 | % |   |   |   |
| Effect      of                         |      |   |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| 10%      adverse change                | $         | (2     | )                          | $      | (3                          | )      | $           | (60    | )      | $      | – |   |   |   |   |
| 20%      adverse change                |      | (5     | )                          |   | (7                          | )      |        | (118   | )      |   | (1 | ) |   |   |   |
|                                   |      |   |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| Estimate      of credit losses(a)      |      | 0.7    | %                          |   | 1.3                         | %      |        | 16.2   | %      |   | − | % |   |   |   |
| Effect      of                         |      |   |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| 10%      adverse change                | $         | (5     | )                          | $      | (2                          | )      | $           | (223   | )      | $      | – |   |   |   |   |
| 20%      adverse change                |      | (10    | )                          |   | (4                          | )      |        | (440   | )      |   | – |   |   |   |   |
|                                   |      |   |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| Remaining      weighted average        |      |   |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| asset      lives (in months)           |      | 14     |                       |   | 55                          |   |        | 10     |   |   | 4 |   |   |   |   |
| Net      credit losses for the year    | $         | 89     |                       | $      | 1                           |   | $           | 1,512  |   | $      | 5 |   |   |   |   |
| Delinquencies                          |      | 139    |                       |   | 56                          |   |        | 1,833  |   |   | 80 |   |   |   |   |
|                                   |      |   |                       |   |                        |   |        |   |   |   |   |   |   |   |   |

| (a) | Based      on weighted averages.                                                                                                                                                        |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Represented      a payment rate on credit card receivables, inventory financing receivables      (included within equipment) and trade receivables (included within other      assets). |

----

| (In      millions)                                                         | Three      months endedMarch      31 |    |
|----------------------------------------------------------------------------|--------------------------------------|---------|
|                                                                       | 2009                                 |    | 2008 |   |
| Cash      flows on transfers                                               |                                 |    |   |   |   |   |
|                                                                       |                                 |    |   |   |   |   |
| Proceeds      from new transfers                                           | $                                    | − |   | $ | 1,323 |   |
| Proceeds      from collections reinvested in revolving period transfers    |                                 | 16,088  |   |   | 19,435 |   |
| Cash      flows on retained interests recorded as investment    securities |                                 | 1,598   |   |   | 1,486 |   |
|                                                                       |                                 |    |   |   |   |   |
| Effect      on Revenues from services                                      |                                 |    |   |   |   |   |
| Net      gain on sale                                                      | $                                    | 326     |   | $ | 386 |   |
| Change      in fair value on SFAS 155 retained interests                   |                                 | 87      |   |   | (75 | ) |
| Other-than-temporary      impairments                                      |                                 | (31     | ) |   | (110 | ) |

----

----

|                                                                            | Three      months endedMarch      31(Unaudited) |   |
|---------------------------------------------------------------------------------|-------------------------------------------------|--------|
| (In      millions)                                                              | 2009                                            |   | 2008 |   |
| Revenues                                                                        |                                            |   |   |   |   |   |
| CLL(a)                                                                          | $                                               | 5,578  |   | $ | 6,606 |   |
| Consumer(a)                                                                     |                                            | 4,747  |   |   | 6,440 |   |
| Real      Estate                                                                |                                            | 975    |   |   | 1,883 |   |
| Energy      Financial Services                                                  |                                            | 644    |   |   | 770 |   |
| GECAS                                                                           |                                            | 1,144  |   |   | 1,270 |   |
| Total segment      revenues                                                     |                                            | 13,088 |   |   | 16,969 |   |
| GECS      corporate items and eliminations                                      |                                            | 1,342  |   |   | 1,069 |   |
| Total      revenues in GECS                                                     | $                                               | 14,430 |   | $ | 18,038 |   |
|                                                                            |                                            |   |   |   |   |   |
| Segment      profit                                                             |                                            |   |   |   |   |   |
| CLL(a)                                                                          | $                                               | 222    |   | $ | 688 |   |
| Consumer(a)                                                                     |                                            | 727    |   |   | 991 |   |
| Real      Estate                                                                |                                            | (173   | ) |   | 476 |   |
| Energy      Financial Services                                                  |                                            | 75     |   |   | 133 |   |
| GECAS                                                                           |                                            | 268    |   |   | 391 |   |
| Total segment    profit                                                         |                                            | 1,119  |   |   | 2,679 |   |
| GECS corporate items and      eliminations(b)(c)                                |                                            | (158   | ) |   | (223 | ) |
| Earnings      from continuing operations attributable to GECS                   |                                            | 961    |   |   | 2,456 |   |
| Loss      from discontinued operations, net of taxes, attributable to      GECS |                                            | (4     | ) |   | (61 | ) |
| Total      net earnings attributable to GECS                                    | $                                               | 957    |   | $ | 2,395 |   |
|                                                                            |                                            |   |   |   |   |   |

| (a) | During      the first quarter of 2009, we transferred Banque Artesia Nederland N.V.      (Artesia) from CLL to Consumer. Prior-period amounts were reclassified to      conform to the current period’s presentation. |   |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | Included      restructuring and other charges of $0.1 billion in both the first three      months of 2009 and 2008, primarily related to CLL and      Consumer.                                                             |   |
| (c) | Included      $0.1 billion during the first three months of 2009, of net earnings      compared with an insignificant amount of losses during the first three      months of 2008, related to our treasury operations.      |   |

| See      accompanying notes to consolidated financial statements. |   |
|-------------------------------------------------------------------|--------|

----

|                | Three      months endedMarch      31 |   |
|---------------------|--------------------------------------|--------|
| (In      millions)  | 2009                                 |   | 2008 |   |
|                |                                 |   |   |   |   |   |
| Revenues            | $                                    | 5,578  |   | $ | 6,606 |   |
|                |                                 |   |   |   |   |   |
| Segment      profit | $                                    | 222    |   | $ | 688 |   |

|               | At                 |    |
|--------------------|--------------------|---------|
| (In      millions) | March      31,2009 |    | March      31,2008 |   | December      31,2008 |   |
|               |               |    |   |   |   |   |   |   |   |
| Total      assets  | $                  | 222,878 |   | $ | 243,928 |   | $ | 228,176 |   |

|                | Three      months endedMarch      31 |   |
|---------------------|--------------------------------------|--------|
| (In      millions)  | 2009                                 |   | 2008 |   |
|                |                                 |   |   |   |   |   |
| Revenues            |                                 |   |   |   |   |   |
| Americas            | $                                    | 2,282  |   | $ | 2,981 |   |
| Europe              |                                 | 1,141  |   |   | 1,417 |   |
| Asia                |                                 | 504    |   |   | 617 |   |
| Other               |                                 | 1,651  |   |   | 1,591 |   |
|                |                                 |   |   |   |   |   |
| Segment      profit |                                 |   |   |   |   |   |
| Americas            | $                                    | (13    | ) | $ | 572 |   |
| Europe              |                                 | 64     |   |   | 192 |   |
| Asia                |                                 | 10     |   |   | 45 |   |
| Other               |                                 | 161    |   |   | (121 | ) |

|               | At                 |    |
|--------------------|--------------------|---------|
| (In      millions) | March      31,2009 |    | March      31,2008 |   | December      31,2008 |   |
|               |               |    |   |   |   |   |   |   |   |
| Total      assets  |               |    |   |   |   |   |   |   |   |
| Americas           | $                  | 130,614 |   | $ | 137,670 |   | $ | 135,253 |   |
| Europe             |               | 52,711  |   |   | 59,473 |   |   | 49,734 |   |
| Asia               |               | 20,456  |   |   | 25,347 |   |   | 23,127 |   |
| Other              |               | 19,097  |   |   | 21,438 |   |   | 20,062 |   |

----

|                | Three      months endedMarch      31 |   |
|---------------------|--------------------------------------|--------|
| (In      millions)  | 2009                                 |   | 2008 |   |
|                |                                 |   |   |   |   |   |
| Revenues            | $                                    | 4,747  |   | $ | 6,440 |   |
|                |                                 |   |   |   |   |   |
| Segment      profit | $                                    | 727    |   | $ | 991 |   |

|               | At                 |    |
|--------------------|--------------------|---------|
| (In      millions) | March      31,2009 |    | March      31,2008 |   | December      31,2008 |   |
|               |               |    |   |   |   |   |   |   |   |
| Total      assets  | $                  | 164,617 |   | $ | 221,184 |   | $ | 187,927 |   |

|                | Three      months endedMarch      31 |   |
|---------------------|--------------------------------------|--------|
| (In      millions)  | 2009                                 |   | 2008 |   |
|                |                                 |   |   |   |   |   |
| Revenues            | $                                    | 975    |   | $ | 1,883 |   |
|                |                                 |   |   |   |   |   |
| Segment      profit | $                                    | (173   | ) | $ | 476 |   |

|               | At                 |   |
|--------------------|--------------------|--------|
| (In      millions) | March      31,2009 |   | March      31,2008 |   | December      31,2008 |   |
|               |               |   |   |   |   |   |   |   |   |
| Total      assets  | $                  | 81,858 |   | $ | 86,605 |   | $ | 85,266 |   |

----

|                | Three      months endedMarch      31 |   |
|---------------------|--------------------------------------|--------|
| (In      millions)  | 2009                                 |   | 2008 |   |
|                |                                 |   |   |   |   |   |
| Revenues            | $                                    | 644    |   | $ | 770 |   |
|                |                                 |   |   |   |   |   |
| Segment      profit | $                                    | 75     |   | $ | 133 |   |

|               | At                 |   |
|--------------------|--------------------|--------|
| (In      millions) | March      31,2009 |   | March      31,2008 |   | December      31,2008 |   |
|               |               |   |   |   |   |   |   |   |   |
| Total      assets  | $                  | 22,596 |   | $ | 20,837 |   | $ | 22,079 |   |

|                | Three      months endedMarch      31 |   |
|---------------------|--------------------------------------|--------|
| (In      millions)  | 2009                                 |   | 2008 |   |
|                |                                 |   |   |   |   |   |
| Revenues            | $                                    | 1,144  |   | $ | 1,270 |   |
|                |                                 |   |   |   |   |   |
| Segment      profit | $                                    | 268    |   | $ | 391 |   |

|               | At                 |   |
|--------------------|--------------------|--------|
| (In      millions) | March      31,2009 |   | March      31,2008 |   | December      31,2008 |   |
|               |               |   |   |   |   |   |   |   |   |
| Total      assets  | $                  | 50,301 |   | $ | 47,484 |   | $ | 49,455 |   |

|                                                 | Three      months endedMarch      31 |   |
|------------------------------------------------------|--------------------------------------|--------|
| (In      millions)                                   | 2009                                 |   | 2008 |   |
|                                                 |                                 |   |   |   |   |   |
| Loss      from discontinued operations, net of taxes | $                                    | (4     | ) | $ | (61 | ) |

----

| ·   | We      completed the exchange of our Consumer businesses in Austria and Finland,      the credit card and auto businesses in the U.K., and the credit card      business in Ireland for a 100% ownership interest in Interbanca S.p.A., an      Italian corporate bank; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | In      order to improve tangible capital and reduce leverage, General Electric      Company (GE), our parent, contributed $9.5 billion to us, of which $8.8      billion was subsequently contributed toGECC; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The      U.S. dollar was stronger at March 31, 2009, than at December 31, 2008,      decreasing the translated levels of our non-U.S. dollar assets and      liabilities; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | We      deconsolidated PTL following our partial sale during the first quarter of      2009; and |
|--------------------|--------------------------------------------------------------------------------------------------|

| ·   | Collections      on financing receivables exceededoriginations. |
|--------------------|-----------------------------------------------------------------|

----

----

----

----

|                      | Financing      receivables at |    | Nonearning      receivables at |   | Allowance      for losses at |   |
|---------------------------|-------------------------------|---------|--------------------------------|--------|------------------------------|--------|
| (In      millions)        | March      31,2009            |    | December      31,2008          |   | March      31,2009           |   | December      31,2008 |   | March      31,2009 |   | December      31,2008 |   |
|                      |                          |    |                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CLL(a)                    |                          |    |                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Americas                  | $                             | 100,985 |                           | $      | 105,410                      |   | $ | 2,706 |   | $ | 1,974 |   | $ | 920 |   | $ | 843 |   |
| Europe                    |                          | 41,208  |                           |   | 37,767                       |   |   | 437 |   |   | 345 |   |   | 327 |   |   | 288 |   |
| Asia                      |                          | 14,528  |                           |   | 16,683                       |   |   | 389 |   |   | 306 |   |   | 178 |   |   | 163 |   |
| Other                     |                          | 764     |                           |   | 786                          |   |   | 11 |   |   | 2 |   |   | 4 |   |   | 2 |   |
|                      |                          |    |                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Consumer(a)               |                          |    |                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-U.S.      residential |                          |    |                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| mortgages                 |                          | 56,974  |                           |   | 60,753                       |   |   | 3,874 |   |   | 3,321 |   |   | 526 |   |   | 383 |   |
| Non-U.S.      installment |                          |    |                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| and      revolving credit |                          | 22,256  |                           |   | 24,441                       |   |   | 445 |   |   | 413 |   |   | 1,038 |   |   | 1,051 |   |
| U.S.      installment and |                          |    |                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| revolving      credit     |                          | 25,286  |                           |   | 27,645                       |   |   | 833 |   |   | 758 |   |   | 1,718 |   |   | 1,700 |   |
| Non-U.S.      auto        |                          | 15,343  |                           |   | 18,168                       |   |   | 95 |   |   | 83 |   |   | 249 |   |   | 222 |   |
| Other                     |                          | 10,309  |                           |   | 11,541                       |   |   | 212 |   |   | 175 |   |   | 199 |   |   | 226 |   |
|                      |                          |    |                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Real Estate(b)            |                          | 45,373  |                           |   | 46,735                       |   |   | 554 |   |   | 194 |   |   | 396 |   |   | 301 |   |
|                      |                          |    |                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Energy      Financial     |                          |    |                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Services                  |                          | 8,360   |                           |   | 8,392                        |   |   | 241 |   |   | 241 |   |   | 66 |   |   | 58 |   |
|                      |                          |    |                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| GECAS                     |                          | 15,501  |                           |   | 15,429                       |   |   | 191 |   |   | 146 |   |   | 61 |   |   | 60 |   |
|                      |                          |    |                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other                     |                          | 3,863   |                           |   | 4,031                        |   |   | 61 |   |   | 38 |   |   | 32 |   |   | 28 |   |
| Total                     | $                             | 360,750 |                           | $      | 377,781                      |   | $ | 10,049 |   | $ | 7,996 |   | $ | 5,714 |   | $ | 5,325 |   |
|                      |                          |    |                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a) | During      the first quarter of 2009, we transferred Artesia from CLL to Consumer.      Prior-period amounts were reclassified to conform to the current period’s      presentation. |   |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | Financing      receivables included $645 million and $731 million of construction loans      at March 31, 2009 and December 31, 2008, respectively.                                         |   |

----

|                      | Nonearning      receivables asa      percent of financing receivables |   | Allowance      for losses  as a percent of nonearning    receivables |   | Allowance      for losses  as a percent of total financing      receivables |   |
|---------------------------|-----------------------------------------------------------------------|--------|--------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------|--------|
|                      | March      31,2009                                                    |   | December      31,2008                                                          |   | March      31,2009                                                                    |   | December      31,2008 |   | March      31,2009 |   | December      31,2008 |   |
|                      |                                                                  |   |                                                                           |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CLL(a)                    |                                                                  |   |                                                                           |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Americas                  |                                                                  | 2.7    | %                                                                              |   | 1.9                                                                                   | %      |   | 34.0 | % |   | 42.7 | % |   | 0.9 | % |   | 0.8 | % |
| Europe                    |                                                                  | 1.1    |                                                                           |   | 0.9                                                                                   |   |   | 74.8 |   |   | 83.5 |   |   | 0.8 |   |   | 0.8 |   |
| Asia                      |                                                                  | 2.7    |                                                                           |   | 1.8                                                                                   |   |   | 45.8 |   |   | 53.3 |   |   | 1.2 |   |   | 1.0 |   |
| Other                     |                                                                  | 1.4    |                                                                           |   | 0.3                                                                                   |   |   | 36.4 |   |   | 100.0 |   |   | 0.5 |   |   | 0.3 |   |
|                      |                                                                  |   |                                                                           |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Consumer(a)               |                                                                  |   |                                                                           |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-U.S.      residential |                                                                  |   |                                                                           |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| mortgages                 |                                                                  | 6.8    |                                                                           |   | 5.5                                                                                   |   |   | 13.6 |   |   | 11.5 |   |   | 0.9 |   |   | 0.6 |   |
| Non-U.S.      installment |                                                                  |   |                                                                           |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| and      revolving credit |                                                                  | 2.0    |                                                                           |   | 1.7                                                                                   |   |   | 233.3 |   |   | 254.5 |   |   | 4.7 |   |   | 4.3 |   |
| U.S.      installment and |                                                                  |   |                                                                           |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| revolving      credit     |                                                                  | 3.3    |                                                                           |   | 2.7                                                                                   |   |   | 206.2 |   |   | 224.3 |   |   | 6.8 |   |   | 6.1 |   |
| Non-U.S.      auto        |                                                                  | 0.6    |                                                                           |   | 0.5                                                                                   |   |   | 262.1 |   |   | 267.5 |   |   | 1.6 |   |   | 1.2 |   |
| Other                     |                                                                  | 2.1    |                                                                           |   | 1.5                                                                                   |   |   | 93.9 |   |   | 129.1 |   |   | 1.9 |   |   | 2.0 |   |
|                      |                                                                  |   |                                                                           |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Real      Estate          |                                                                  | 1.2    |                                                                           |   | 0.4                                                                                   |   |   | 71.5 |   |   | 155.2 |   |   | 0.9 |   |   | 0.6 |   |
|                      |                                                                  |   |                                                                           |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Energy      Financial     |                                                                  |   |                                                                           |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Services                  |                                                                  | 2.9    |                                                                           |   | 2.9                                                                                   |   |   | 27.4 |   |   | 24.1 |   |   | 0.8 |   |   | 0.7 |   |
|                      |                                                                  |   |                                                                           |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| GECAS                     |                                                                  | 1.2    |                                                                           |   | 0.9                                                                                   |   |   | 31.9 |   |   | 41.1 |   |   | 0.4 |   |   | 0.4 |   |
|                      |                                                                  |   |                                                                           |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other                     |                                                                  | 1.6    |                                                                           |   | 0.9                                                                                   |   |   | 52.5 |   |   | 73.7 |   |   | 0.8 |   |   | 0.7 |   |
|                      |                                                                  |   |                                                                           |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                     |                                                                  | 2.8    |                                                                           |   | 2.1                                                                                   |   |   | 56.9 |   |   | 66.6 |   |   | 1.6 |   |   | 1.4 |   |
|                      |                                                                  |   |                                                                           |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a) | During      the first quarter of 2009, we transferred Artesia from CLL to Consumer.      Prior-period amounts were reclassified to conform to the current period’s      presentation. |   |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|

----

|                                          | At                 |
|-----------------------------------------------|--------------------|
| (In      millions)                            | March      31,2009 |   | December      31,2008 |
|                                          |               |   |   |   |   |   |
| Loans      requiring allowance for losses     | $                  | 4,138 |   | $ | 2,712 |   |
| Loans      expected to be fully recoverable   |               | 1,682 |   |   | 871 |   |
| Total      impaired loans                     | $                  | 5,820 |   | $ | 3,583 |   |
|                                          |               |   |   |   |   |   |
| Allowance      for losses                     | $                  | 908 |   | $ | 635 |   |
| Average      investment during the period     |               | 4,665 |   |   | 2,064 |   |
| Interest      income earned while impaired(a) |               | 17 |   |   | 27 |   |
|                                          |               |   |   |   |   |   |

| (a) | Recognized      principally on cash basis. |
|-----|--------------------------------------------|

----

|                     | Delinquency      rates at |
|--------------------------|---------------------------|
|                     | March      31,2009(a)     |   | December      31,2008 |   | March      31,2008 |   |
|                     |                      |   |   |   |   |   |   |   |   |
| Equipment      Financing |                      | 2.84 | % |   | 2.17 | % |   | 1.36 | % |
| Consumer                 |                      | 8.20 |   |   | 7.43 |   |   | 5.66 |   |
| U.S.                     |                      | 7.12 |   |   | 7.14 |   |   | 5.75 |   |
| Non-U.S.                 |                      | 8.72 |   |   | 7.57 |   |   | 5.62 |   |
|                     |                      |   |   |   |   |   |   |   |   |

| (a) | Subject      to update. |
|-----|-------------------------|

----

----

| ·   | In      February 2009, GE announced the reduction of its quarterly stock dividend      by 68% from $0.31 per share to $0.10 per share, effective in the third      quarter of 2009, which will save the company approximately $4 billion      during the remainder of 2009 and approximately $9 billion annually      thereafter; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | In      September 2008, we reduced the GECS dividend to GE from 40% to 10% of GECS      earnings and GE suspended its stock repurchase program. Effective      January 2009, we fully suspended the GECS dividend to  GE; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | We      have completed our funding related to our long-term funding target of $45      billion for 2009; |
|--------------------|----------------------------------------------------------------------------------------------------------|

| ·   | In      October 2008, GE raised $15 billion in cash through common and preferred      stock offerings and contributed $15 billion to GECS, including $9.5      billion in the first quarter of 2009 (of which $8.8 billion was further      contributed to GE Capital through capital contribution and share      issuance), in order to improve tangible capital and reduce leverage. We do      not anticipate additional contributions in2009; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | We      reduced our commercial paper borrowings at GECS to $58 billion at March      31, 2009; |
|--------------------|------------------------------------------------------------------------------------------------|

| ·   | We      targeted to further reduce GECS commercial paper borrowings to $50 billion      by the end of 2009 and to maintain committed credit lines equal to GECS      commercial paper borrowings goingforward; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | GECS      registered to use the Federal Reserve’s Commercial Paper Funding Facility      (CPFF) for up to $83 billion, which is available through October 31,      2009; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | We      registered to use the Federal Deposit Insurance Corporation’s (FDIC)      Temporary Liquidity Guarantee Program (TLGP) for approximately $126      billion; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | We      are managing collections versus originations to help support liquidity      needs and are estimating $25 billion of excess collections in 2009;      and |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | We      have evaluated and are prepared, depending on market conditions and terms,      to securitize assets for which investors can use the Federal Reserve’s      Term Asset-Backed Securities Lending Facility  (TALF). |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | Controlling      new originations in GE Capital to reduce capital and funding      requirements; |
|--------------------|--------------------------------------------------------------------------------------------------|

| ·   | Using      part of our available cash balance; |
|--------------------|------------------------------------------------|

| ·   | Pursuing      alternative funding sources, including time deposits and asset-backed      fundings; |
|--------------------|----------------------------------------------------------------------------------------------------|

| ·   | Maintaining      availability of our bank credit lines equal to commercial paper      outstanding; and |
|--------------------|--------------------------------------------------------------------------------------------------------|

----

| ·   | Obtaining      additional capital from GE, including from funds retained as a result of      the reduction in GE’s dividend announced in February 2009 or future      dividend reductions. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | Recognition      of an other-than-temporary impairment charge is required if any of these      conditions are met: (1) we do not expect to recover the entire cost basis      of the security, (2) we intend to sell the security or (3) it is more      likely than not that we will be required to sell the security before we      recover its cost basis. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | If      the first condition above is met, but we do not intend to sell and are not      likely to be required to sell the security, we would be required to record      the difference between the security’s cost basis and its recoverable      amount in earnings and the difference between the security’s recoverable      amount and fair value in other comprehensive income. If either the second      or third criteria are met, then we would be required to recognize the      entire difference between the security’s cost basis and its fair value in      earnings. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|   | Exhibit      12    | Computation      of Ratio of Earnings to Fixed Charges and Computation of Ratio of Earnings      to Combined Fixed Charges and Preferred Stock  Dividends.* |
|--------|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | Exhibit      31(a) | Certification      Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange      Act of 1934, as Amended.*                                   |
|   | Exhibit      31(b) | Certification      Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange      Act of 1934, as Amended.*                                   |
|   | Exhibit      32    | Certification      Pursuant to 18 U.S.C. Section 1350.*                                                                                                     |
|   | Exhibit      99    | Financial      Measures That Supplement Generally Accepted Accounting      Principles.*                                                                     |
|   |               | *      Filed electronically herewith.                                                                                                                       |

----

| General      Electric Capital Services, Inc.(Registrant)    |
|----------------------------------------------------------------------------|
| May      1, 2009                                                           |   | /s/      Jamie S. Miller |   |
| Date                                                                       |   | Jamie      S. MillerSenior      Vice President and ControllerDuly      Authorized Officer and Principal Accounting Officer |
|                                                                       |   |   |

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