----

**Exhibit      12**

**General      Electric Capital Services, Inc. and consolidated      affiliates**

**Computation      of Ratio of Earnings to Fixed Charges**

**and**

**Computation      of Ratio of Earnings to Combined Fixed Charges and Preferred Stock      Dividends**

**Nine      months ended September 30, 2005**

|                                                                                                        | **Ratio                  of****earnings                  to****fixed                  charges** |   | **Ratio                  of****earnings                  to****combined****fixed                  charges****and                  preferred****stock                  dividends** |
|-------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| *(Dollars                  in millions)*                                                                    |                                                                                            |   |                                                                                                                                                                              |   |   |   |
|                                                                                                        |                                                                                            |   |                                                                                                                                                                              |   |   |   |
| Net                  earnings                                                                               | $                                                                                               | 7,252  |                                                                                                                                                                              | $ | 7,252 |   |
| Provision                  for income taxes                                                                 |                                                                                            | 1,662  |                                                                                                                                                                              |   | 1,662 |   |
| Minority                  interest in net earnings of consolidated affiliates                               |                                                                                            | 549    |                                                                                                                                                                              |   | 549 |   |
|                                                                                                        |                                                                                            |   |                                                                                                                                                                              |   |   |   |
| Earnings                  before provision for income taxes and minority interest                           |                                                                                            | 9,463  |                                                                                                                                                                              |   | 9,463 |   |
| Fixed                  charges:                                                                             |                                                                                            |   |                                                                                                                                                                              |   |   |   |
| Interest                                                                                                    |                                                                                            | 10,973 |                                                                                                                                                                              |   | 10,973 |   |
| One-third                  of rentals                                                                       |                                                                                            | 261    |                                                                                                                                                                              |   | 261 |   |
|                                                                                                        |                                                                                            |   |                                                                                                                                                                              |   |   |   |
| Total                  fixed charges                                                                        |                                                                                            | 11,234 |                                                                                                                                                                              |   | 11,234 |   |
|                                                                                                        |                                                                                            |   |                                                                                                                                                                              |   |   |   |
| Less                  interest capitalized, net of amortization                                             |                                                                                            | (51    | )                                                                                                                                                                                 |   | (51 | ) |
|                                                                                                        |                                                                                            |   |                                                                                                                                                                              |   |   |   |
| Earnings                  before provision for income taxes and minority interest,                          |                                                                                            |   |                                                                                                                                                                              |   |   |   |
| plus                  fixed charges                                                                         | $                                                                                               | 20,646 |                                                                                                                                                                              | $ | 20,646 |   |
|                                                                                                        |                                                                                            |   |                                                                                                                                                                              |   |   |   |
| Ratio                  of earnings to fixed charges                                                         |                                                                                            | 1.84   |                                                                                                                                                                              |   | 1.84 |   |
|                                                                                                        |                                                                                            |   |                                                                                                                                                                              |   |   |   |
| Preferred                  stock dividend requirements                                                      |                                                                                            |   |                                                                                                                                                                              | $ | - |   |
| Ratio                  of earnings before provision for income taxes to net                  earnings       |                                                                                            |   |                                                                                                                                                                              |   | 1.23 |   |
|                                                                                                        |                                                                                            |   |                                                                                                                                                                              |   |   |   |
| Preferred                  stock dividend factor on pre-tax basis                                           |                                                                                            |   |                                                                                                                                                                              |   | - |   |
| Fixed                  charges                                                                              |                                                                                            |   |                                                                                                                                                                              |   | 11,234 |   |
|                                                                                                        |                                                                                            |   |                                                                                                                                                                              |   |   |   |
| Total                  fixed charges and preferred stock dividend requirements                              |                                                                                            |   |                                                                                                                                                                              | $ | 11,234 |   |
|                                                                                                        |                                                                                            |   |                                                                                                                                                                              |   |   |   |
| Ratio                  of earnings to combined fixed charges and preferred stock                  dividends |                                                                                            |   |                                                                                                                                                                              |   | 1.84 |   |
|                                                                                                        |                                                                                            |   |                                                                                                                                                                              |   |   |   |

| For                  purposes of computing the ratios, we believe that fixed charges                  include                  interest on all indebtedness and one-third of rentals is a reasonable                  approximation of the interest factor of such rentals. |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|