|   |           |   |
|--------|----------------|--------|
|   | 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 June 30,      2008                                                 |
| 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 ¨ |
|-------------------------------------------|-------------------------------|-----------------------------------|---------------------------------------|

----

General Electric Capital Services, Inc.

| 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 |   | 17     |
| Item 4. Controls and      Procedures                                                                        |   | 28     |
|                                                                                                        |   |   |
| Part      II – Other Information                                                                      |   |   |
|                                                                                                        |   |   |
| Item 1. Legal      Proceedings                                                                              |   | 28     |
| Item 6. Exhibits                                                                                            |   | 30     |
| Signatures                                                                                                  |   | 31     |

----

|                                                      | Three      months endedJune      30 |   | Six      months endedJune      30 |   |
|-----------------------------------------------------------|-------------------------------------|--------|-----------------------------------|--------|
| (In      millions)                                        | 2008                                |   | 2007                              |   | 2008 |   | 2007 |   |
|                                                      |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Revenues                                                  |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Revenues      from services (Note 3)                      | $                                   | 18,555 |                              | $      | 17,207 |   | $ | 36,271 |   | $ | 34,660 |   |
| Sales      of goods                                       |                                | 528    |                              |   | 28 |   |   | 895 |   |   | 60 |   |
| Total revenues                                            |                                | 19,083 |                              |   | 17,235 |   |   | 37,166 |   |   | 34,720 |   |
|                                                      |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Costs      and expenses                                   |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Interest                                                  |                                | 6,348  |                              |   | 5,467 |   |   | 12,527 |   |   | 10,712 |   |
| Operating      and administrative                         |                                | 4,880  |                              |   | 4,643 |   |   | 9,566 |   |   | 8,961 |   |
| Cost      of goods sold                                   |                                | 461    |                              |   | 23 |   |   | 778 |   |   | 48 |   |
| Investment      contracts, insurance losses and insurance |                                |   |                              |   |   |   |   |   |   |   |   |   |
| annuitybenefits                                           |                                | 870    |                              |   | 925 |   |   | 1,718 |   |   | 1,855 |   |
| Provision      for losses on financing receivables        |                                | 1,490  |                              |   | 1,057 |   |   | 2,849 |   |   | 1,993 |   |
| Depreciation      and amortization                        |                                | 2,141  |                              |   | 1,935 |   |   | 4,267 |   |   | 3,857 |   |
| Minority      interest in net earnings of consolidated    |                                |   |                              |   |   |   |   |   |   |   |   |   |
| affiliates                                                |                                | 57     |                              |   | 42 |   |   | 88 |   |   | 135 |   |
| Total costs and      expenses                             |                                | 16,247 |                              |   | 14,092 |   |   | 31,793 |   |   | 27,561 |   |
|                                                      |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Earnings      from continuing operations before           |                                |   |                              |   |   |   |   |   |   |   |   |   |
| income taxes                                              |                                | 2,836  |                              |   | 3,143 |   |   | 5,373 |   |   | 7,159 |   |
| Provision      for income taxes                           |                                | (62    | )                                 |   | (722 | ) |   | (133 | ) |   | (1,314 | ) |
|                                                      |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Earnings      from continuing operations                  |                                | 2,774  |                              |   | 2,421 |   |   | 5,240 |   |   | 5,845 |   |
| Loss      from discontinued operations, net of            |                                |   |                              |   |   |   |   |   |   |   |   |   |
| taxes (Note 2)                                            |                                | (337   | )                                 |   | (255 | ) |   | (408 | ) |   | (656 | ) |
|                                                      |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Net      earnings                                         |                                | 2,437  |                              |   | 2,166 |   |   | 4,832 |   |   | 5,189 |   |
| Dividends                                                 |                                | (889   | )                                 |   | (932 | ) |   | (2,019 | ) |   | (4,804 | ) |
| Retained      earnings at beginning of period             |                                | 39,616 |                              |   | 34,651 |   |   | 38,351 |   |   | 35,500 |   |
| Retained      earnings at end of period                   | $                                   | 41,164 |                              | $      | 35,885 |   | $ | 41,164 |   | $ | 35,885 |   |
|                                                      |                                |   |                              |   |   |   |   |   |   |   |   |   |

----

Position

| (In      millions)                                                                   | June      30, 2008 |    | December      31, 2007 |
|--------------------------------------------------------------------------------------|--------------------|---------|------------------------|
|                                                                                 | (Unaudited)        |    |                   |
| Assets                                                                               |               |    |                   |   |   |   |
| Cash      and equivalents                                                            | $                  | 16,476  |                   | $ | 9,439 |   |
| Investment      securities                                                           |               | 45,541  |                   |   | 44,941 |   |
| Inventories                                                                          |               | 82      |                   |   | 63 |   |
| Financing      receivables – net (Note 5)                                      |               | 423,845 |                   |   | 384,067 |   |
| Other      receivables                                                               |               | 21,789  |                   |   | 22,078 |   |
| Property,      plant and equipment, less accumulated amortization of    $26,512      |               |    |                   |   |   |   |
| and $24,477                                                                          |               | 65,398  |                   |   | 63,746 |   |
| Goodwill      (Note 6)                                                               |               | 27,358  |                   |   | 25,427 |   |
| Other      intangible assets – net (Note 6)                                    |               | 4,261   |                   |   | 4,509 |   |
| Other      assets                                                                    |               | 82,511  |                   |   | 83,388 |   |
| Assets      of discontinued operations (Note 2)                                      |               | 8,511   |                   |   | 8,481 |   |
| Total      assets                                                                    | $                  | 695,772 |                   | $ | 646,139 |   |
|                                                                                 |               |    |                   |   |   |   |
| Liabilities      and equity                                                          |               |    |                   |   |   |   |
| Short-term      borrowings (Note 7)                                                  | $                  | 202,359 |                   | $ | 192,420 |   |
| Accounts      payable                                                                |               | 15,946  |                   |   | 14,714 |   |
| Long-term      borrowings (Note 7)                                                   |               | 342,488 |                   |   | 308,502 |   |
| Investment      contracts, insurance liabilities and insurance annuity      benefits |               | 34,685  |                   |   | 34,359 |   |
| Other      liabilities                                                               |               | 26,749  |                   |   | 26,522 |   |
| Deferred      income taxes                                                           |               | 9,163   |                   |   | 9,099 |   |
| Liabilities      of discontinued operations (Note 2)                                 |               | 2,096   |                   |   | 1,346 |   |
| Totalliabilities                                                                     |               | 633,486 |                   |   | 586,962 |   |
|                                                                                 |               |    |                   |   |   |   |
| Minority      interest in equity of consolidated affiliates                          |               | 2,172   |                   |   | 1,501 |   |
|                                                                                 |               |    |                   |   |   |   |
| Capital      stock                                                                   |               | 11      |                   |   | 11 |   |
| Accumulated      gains (losses) – net                                          |               |    |                   |   |   |   |
| Investment      securities                                                           |               | (1,204  | )                      |   | 110 |   |
| Currency translation      adjustments                                                |               | 8,268   |                   |   | 7,472 |   |
| Cash flow hedges                                                                     |               | (608    | )                      |   | (727 | ) |
| Benefit plans                                                                        |               | (87     | )                      |   | (105 | ) |
| Additional      paid-in capital                                                      |               | 12,570  |                   |   | 12,564 |   |
| Retained      earnings                                                               |               | 41,164  |                   |   | 38,351 |   |
| Total shareowner’s      equity                                                 |               | 60,114  |                   |   | 57,676 |   |
| Total      liabilities and equity                                                    | $                  | 695,772 |                   | $ | 646,139 |   |
|                                                                                 |               |    |                   |   |   |   |

----

| (In      millions)                                                                         | Six      months endedJune      30 |     |
|--------------------------------------------------------------------------------------------|-----------------------------------|----------|
|                                                                                       | 2008                              |     | 2007 |   |
| Cash      flows – operating activities                                               |                              |     |   |   |   |   |
| Net      earnings                                                                          | $                                 | 4,832    |   | $ | 5,189 |   |
| Loss      from discontinued operations                                                     |                              | 408      |   |   | 656 |   |
| Adjustments      to reconcile net earnings to cash provided from operating      activities |                              |     |   |   |   |   |
| Depreciation and amortization of      property, plant and equipment                        |                              | 4,267    |   |   | 3,857 |   |
| Increase in accounts      payable                                                          |                              | 1,089    |   |   | 278 |   |
| Provision for losses on      financing receivables                                         |                              | 2,849    |   |   | 1,993 |   |
| All other operating      activities                                                        |                              | (1,679   | ) |   | (2,869 | ) |
| Cash      from operating activities – continuing operations                          |                              | 11,766   |   |   | 9,104 |   |
| Cash      from operating activities – discontinued operations                        |                              | 497      |   |   | 3,739 |   |
| Cash      from operating activities                                                        |                              | 12,263   |   |   | 12,843 |   |
|                                                                                       |                              |     |   |   |   |   |
| Cash      flows – investing activities                                               |                              |     |   |   |   |   |
| Additions      to property, plant and equipment                                            |                              | (6,599   | ) |   | (7,496 | ) |
| Dispositions      of property, plant and equipment                                         |                              | 5,325    |   |   | 4,795 |   |
| Increase      in loans to customers                                                        |                              | (194,301 | ) |   | (171,172 | ) |
| Principal      collections from customers – loans                                    |                              | 171,203  |   |   | 155,508 |   |
| Investment      in equipment for financing leases                                          |                              | (13,452  | ) |   | (11,906 | ) |
| Principal      collections from customers – financing leases                         |                              | 12,237   |   |   | 11,291 |   |
| Net      change in credit card receivables                                                 |                              | (468     | ) |   | 4,606 |   |
| Payments      for principal businesses purchased                                           |                              | (12,762  | ) |   | (5,829 | ) |
| Proceeds      from principal business dispositions                                         |                              | 4,422    |   |   | 1,102 |   |
| All      other investing activities                                                        |                              | (3,571   | ) |   | 65 |   |
| Cash      used for investing activities – continuing operations                      |                              | (37,966  | ) |   | (19,036 | ) |
| Cash      used for investing activities – discontinued operations                    |                              | (453     | ) |   | (3,749 | ) |
| Cash      used for investing activities                                                    |                              | (38,419  | ) |   | (22,785 | ) |
|                                                                                       |                              |     |   |   |   |   |
| Cash      flows – financing activities                                               |                              |     |   |   |   |   |
| Net      increase (decrease) in borrowings (maturities of 90 days or      less)            |                              | 8,737    |   |   | (6,622 | ) |
| Newly      issued debt                                                                     |                              |     |   |   |   |   |
| Short-term (91 to 365      days)                                                           |                              | 313      |   |   | 775 |   |
| Long-term (longer than one      year)                                                      |                              | 61,026   |   |   | 46,940 |   |
| Non-recourse, leveraged      lease                                                         |                              | 57       |   |   | 24 |   |
| Repayments      and other debt reductions                                                  |                              |     |   |   |   |   |
| Short-term (91 to 365      days)                                                           |                              | (33,271  | ) |   | (20,274 | ) |
| Long-term (longer than one      year)                                                      |                              | (1,014   | ) |   | (3,640 | ) |
| Non-recourse, leveraged      lease                                                         |                              | (429     | ) |   | (609 | ) |
| Dividends      paid to shareowner                                                          |                              | (2,019   | ) |   | (4,632 | ) |
| All      other financing activities                                                        |                              | (163     | ) |   | (579 | ) |
| Cash      from financing activities – continuing operations                          |                              | 33,237   |   |   | 11,383 |   |
| Cash      used for financing activities – discontinued operations                    |                              | (5       | ) |   | (4 | ) |
| Cash      from financing activities                                                        |                              | 33,232   |   |   | 11,379 |   |
|                                                                                       |                              |     |   |   |   |   |
| Increase      in cash and equivalents                                                      |                              | 7,076    |   |   | 1,437 |   |
| Cash      and equivalents at beginning of year                                             |                              | 9,739    |   |   | 12,629 |   |
| Cash      and equivalents at June 30                                                       |                              | 16,815   |   |   | 14,066 |   |
| Less      cash and equivalents of discontinued operations at June 30                       |                              | 339      |   |   | 176 |   |
| Cash      and equivalents of continuing operations at June 30                              | $                                 | 16,476   |   | $ | 13,890 |   |
|                                                                                       |                              |     |   |   |   |   |

----

----

----

|                                                 | Three      months endedJune      30 |   | Six      months endedJune      30 |   |
|------------------------------------------------------|-------------------------------------|--------|-----------------------------------|--------|
| (In      millions)                                   | 2008                                |   | 2007                              |   | 2008 |   | 2007 |   |
|                                                 |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Operations                                           |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Total      revenues                                  | $                                   | 147    |                              | $      | (131 | ) | $ | 397 |   | $ | (282 | ) |
|                                                 |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Loss      from discontinued operations before        |                                |   |                              |   |   |   |   |   |   |   |   |   |
| income taxes                                         | $                                   | (196   | )                                 | $      | (651 | ) | $ | (296 | ) | $ | (1,327 | ) |
| Income      tax benefit                              |                                | 91     |                              |   | 395 |   |   | 120 |   |   | 670 |   |
| Loss      from discontinued operations, net of taxes | $                                   | (105   | )                                 | $      | (256 | ) | $ | (176 | ) | $ | (657 | ) |
|                                                 |                                |   |                              |   |   |   |   |   |   |   |   |   |

| Disposal                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| Loss      on disposal before income taxes            | $      | (222   | )      | $      | (11    | )      | $      | (222   | )      | $      | (11    | )      |
| Income      tax benefit (expense)                    |   | (10    | )      |   | 12     |   |   | (10    | )      |   | 12     |   |
| Gain      (loss) on disposal, net of taxes           | $      | (232   | )      | $      | 1      |   | $      | (232   | )      | $      | 1      |   |
|                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss      from discontinued operations, net of taxes | $      | (337   | )      | $      | (255   | )      | $      | (408   | )      | $      | (656   | )      |
|                                                 |   |   |   |   |   |   |   |   |   |   |   |   |

|                                   |   |   | At     |
|----------------------------------------|--------|--------|--------|
| (In      millions)                     |   |   |   |   | June      30,2008 |   | December      31,2007 |
|                                   |   |   |   |   |   |   |   |   |   |   |   |
| Assets                                 |   |   |   |   |   |   |   |   |   |   |   |
| Cash      and equivalents              |   |   |   |   |   |   | $ | 339 |   | $ | 300 |
| Financing      receivables – net |   |   |   |   |   |   |   | 6,875 |   |   | 6,675 |
| Other                                  |   |   |   |   |   |   |   | 1,297 |   |   | 1,506 |
| Assets      of discontinued operations |   |   |   |   |   |   | $ | 8,511 |   | $ | 8,481 |
|                                   |   |   |   |   |   |   |   |   |   |   |   |

|                                        |   |   | At     |
|---------------------------------------------|--------|--------|--------|
|  (In      millions)                    |   |   |   |   | June      30,2008 |   | December      31,2007 |
|                                        |   |   |   |   |   |   |   |   |   |   |   |   |
| Liabilities                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Liabilities      of discontinued operations |   |   |   |   |   |   | $ | 2,096 |   | $ | 1,346 |   |
|                                        |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                         | Three      months endedJune      30 |   | Six      months endedJune      30 |   |
|----------------------------------------------|-------------------------------------|--------|-----------------------------------|--------|
| (In      millions)                           | 2008                                |   | 2007                              |   | 2008 |   | 2007 |   |
|                                         |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Interest      on loans                       | $                                   | 6,777  |                              | $      | 5,826 |   | $ | 13,319 |   | $ | 11,472 |   |
| Equipment      leased to others              |                                | 3,909  |                              |   | 3,690 |   |   | 7,719 |   |   | 7,453 |   |
| Fees                                         |                                | 1,448  |                              |   | 1,709 |   |   | 2,814 |   |   | 3,218 |   |
| Investment      income(a)                    |                                | 1,061  |                              |   | 903 |   |   | 1,959 |   |   | 2,613 |   |
| Financing      leases                        |                                | 1,186  |                              |   | 1,215 |   |   | 2,349 |   |   | 2,353 |   |
| Real      estate investments                 |                                | 1,138  |                              |   | 967 |   |   | 2,299 |   |   | 2,056 |   |
| Premiums      earned by insurance activities |                                | 568    |                              |   | 519 |   |   | 1,110 |   |   | 1,070 |   |
| Associated      companies                    |                                | 647    |                              |   | 590 |   |   | 1,116 |   |   | 1,015 |   |
| Gross      securitization gains              |                                | 269    |                              |   | 547 |   |   | 594 |   |   | 1,118 |   |
| Other      items                             |                                | 1,552  |                              |   | 1,241 |   |   | 2,992 |   |   | 2,292 |   |
| Total                                        | $                                   | 18,555 |                              | $      | 17,207 |   | $ | 36,271 |   | $ | 34,660 |   |
|                                         |                                |   |                              |   |   |   |   |   |   |   |   |   |

| (a) | Included      gain on sale of Swiss Reinsurance Company common stock of $566 million      during first quarter of 2007. |   |
|-----|-------------------------------------------------------------------------------------------------------------------------|--------|

|                                                                                   |   |   | At     |   |
|----------------------------------------------------------------------------------------|--------|--------|--------|--------|
|  (In      millions)                                                               |   |   |   |   | June      30,2008 |   | December      31,2007 |   |
|                                                                                   |   |   |   |   |   |   |
| Unrecognized      tax benefits                                                         | $      | 3,893  |   | $      | 3,906 |   |
| Portion that, if recognized,      would reduce tax expense and effective tax rate(a)   |   | 2,412  |   |   | 2,475 |   |
| Accrued      interest on unrecognized tax benefits                                     |   | 797    |   |   | 670 |   |
| Accrued      penalties on unrecognized tax benefits                                    |   | 71     |   |   | 55 |   |
| Reasonably      possible reduction to the balance of unrecognized tax benefits      in |   |   |   |   |   |   |
| succeeding 12    months                                                                |   | 0-900  |   |   | 0-1,000 |   |
| Portion that, if recognized,      would reduce tax expense and effective tax rate(a)   |   | 0-650  |   |   | 0-750 |   |
|                                                                                   |   |   |   |   |   |   |

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

----

|                                                        |   |    | At     |
|-------------------------------------------------------------|--------|---------|--------|
|  (In      millions)                                    |   |    |   |   | June      30,2008 |   | December      31,2007 |
|                                                        |   |    |   |   |   |   |   |
| Loans,      net of deferred income                          | $      | 355,588 |   | $ | 313,290 |   |   |
| Investment      in financing leases, net of deferred income |   | 72,776  |   |   | 75,015 |   |   |
|                                                        |   | 428,364 |   |   | 388,305 |   |   |
| Less      allowance for losses                              |   | (4,519  | )      |   | (4,238 | ) |   |
| Financing      receivables – net(a)                   | $      | 423,845 |   | $ | 384,067 |   |   |
|                                                        |   |    |   |   |   |   |   |

| (a)    | Included      $8,170 million and $9,708 million related to consolidated, liquidating      securitization entities at June 30, 2008, and December 31, 2007,      respectively. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                          |

|                                           |   |   | At     |
|------------------------------------------------|--------|--------|--------|
|  (In      millions)                       |   |   |   |   | June      30,2008 |   | December      31,2007 |
|                                           |   |   |   |   |   |   |   |
| Goodwill                                       | $      | 27,358 |   | $ | 25,427 |   |   |
| Intangible      assets subject to amortization |   | 4,261  |   |   | 4,509 |   |   |
| Total                                          | $      | 31,619 |   | $ | 29,936 |   |   |

|                                  | 2008                |   |
|---------------------------------------|---------------------|--------|
| (In      millions)                    | GECommercialFinance |   | GEMoney |   | GEInfrastructure(a) |   | Total |   |
|                                  |                |   |   |   |   |   |   |   |
|                                  |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance      January 1                | $                   | 14,621 |   |   | $ | 10,273 |   |   | $ | 533 |   |   | $ | 25,427 |   |   |   |
| Acquisitions/purchase      accounting |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| adjustments                           |                | 836    |   |   |   | 509 |   |   |   | 340 |   |   |   | 1,685 |   |   |   |
| Dispositions,      currency exchange  |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| and other                             |                | 184    |   |   |   | 64 |   |   |   | (2 | ) |   |   | 246 |   |   |   |
| Balance      June 30                  | $                   | 15,641 |   |   | $ | 10,846 |   |   | $ | 871 |   |   | $ | 27,358 |   |   |   |
|                                  |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a) | Included      only portions of the segment that are financial services      businesses. |   |
|-----|-----------------------------------------------------------------------------------------|--------|

----

|                                  | At                  |
|---------------------------------------|---------------------|
|                                  | June      30, 2008  |   | December      31, 2007 |
| (In      millions)                    | Grosscarryingamount |   | Accumulatedamortization |   | Net |   | Grosscarryingamount |   | Accumulatedamortization |   | Net |
|                                  |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Customer-related                      | $                   | 2,131 |   | $ | (694 | ) | $ | 1,437 |   | $ | 2,395 |   | $ | (869 | ) | $ | 1,526 |
| Patents,      licenses and trademarks |                | 653 |   |   | (562 | ) |   | 91 |   |   | 428 |   |   | (309 | ) |   | 119 |
| Capitalized      software             |                | 2,044 |   |   | (1,274 | ) |   | 770 |   |   | 1,832 |   |   | (1,095 | ) |   | 737 |
| Lease      valuations                 |                | 1,760 |   |   | (437 | ) |   | 1,323 |   |   | 1,841 |   |   | (360 | ) |   | 1,481 |
| Present      value of future profits  |                | 825 |   |   | (386 | ) |   | 439 |   |   | 818 |   |   | (364 | ) |   | 454 |
| All      other                        |                | 367 |   |   | (166 | ) |   | 201 |   |   | 347 |   |   | (155 | ) |   | 192 |
| Total                                 | $                   | 7,780 |   | $ | (3,519 | ) | $ | 4,261 |   | $ | 7,661 |   | $ | (3,152 | ) | $ | 4,509 |

----

|                                      | At                |    |
|-------------------------------------------|-------------------|---------|
| (In      millions)                        | June      30,2008 |    | December      31,2007 |   |
|                                      |              |    |   |   |   |   |
| Short-term      borrowings                |              |    |   |   |   |   |
|                                      |              |    |   |   |   |   |
| Commercial      paper                     |              |    |   |   |   |   |
| U.S.                                      |              |    |   |   |   |   |
| Unsecured                                 | $                 | 69,475  |   | $ | 72,392 |   |
| Asset-backed(a)                           |              | 4,092   |   |   | 4,775 |   |
| Non-U.S.                                  |              | 27,172  |   |   | 28,711 |   |
| Current      portion of long-term debt(b) |              | 53,129  |   |   | 56,301 |   |
| Bank      deposits(c)(d)                  |              | 24,435  |   |   | 11,486 |   |
| Bank      borrowings(e)                   |              | 12,274  |   |   | 6,915 |   |
| GE      Interest Plus notes(f)            |              | 10,043  |   |   | 9,590 |   |
| Other                                     |              | 1,739   |   |   | 2,250 |   |
| Total                                     |              | 202,359 |   |   | 192,420 |   |
|                                      |              |    |   |   |   |   |
| Long-term      borrowings                 |              |    |   |   |   |   |
|                                      |              |    |   |   |   |   |
| Senior      notes                         |              |    |   |   |   |   |
| Unsecured                                 |              | 319,558 |   |   | 283,097 |   |
| Asset-backed(g)                           |              | 6,793   |   |   | 5,528 |   |
| Extendible      notes                     |              | 4,627   |   |   | 8,500 |   |
| Subordinated      notes(h)(i)             |              | 11,510  |   |   | 11,377 |   |
| Total                                     |              | 342,488 |   |   | 308,502 |   |
| Total      borrowings                     | $                 | 544,847 |   | $ | 500,922 |   |
|                                      |              |    |   |   |   |   |

| (a) | Consists      entirely of obligations of consolidated, liquidating securitization      entities.                                                                                                           |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Included      $550 million and $1,106 million of asset-backed senior notes, issued by      consolidated, liquidating securitization entities at June 30, 2008, and      December 31, 2007, respectively.   |
| (c) | Included      $16,122 million and $10,789 million of deposits in non-U.S. banks at June      30, 2008, and December 31, 2007, respectively.                                                                |
| (d) | Included      certificates of deposits distributed by brokers of $8,313 million and $697      million at June 30, 2008, and December 31, 2007,    respectively.                                            |
| (e) | Term      borrowings from banks with a remaining term to maturity of less than 12      months.                                                                                                             |
| (f) | Entirely      variable denomination floating rate demand notes.                                                                                                                                            |
| (g) | Included      $2,944 million and $3,410 million of asset-backed senior notes, issued by      consolidated, liquidating securitization entities at June 30, 2008, and      December 31, 2007, respectively. |
| (h) | Included      $750 million of subordinated notes guaranteed by GE at June 30, 2008, and      December 31, 2007.                                                                                            |
| (i) | Included      $8,191 million and $8,064 million of subordinated debentures receiving      rating agency equity credit at June 30, 2008, and December 31, 2007,      respectively.                          |

----

|   | Level 1 – | Quoted      prices for identical instruments in active  markets. |
|--------|---------------------------|------------------------------------------------------------------|

|   | Level 2 – | Quoted      prices for similar instruments in active markets; quoted prices for      identical or similar instruments in markets that are not active; and      model-derived valuations whose inputs are observable or whose significant      value drivers are observable. |
|--------|---------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Level 3 – | Significant      inputs to the valuation model areunobservable. |
|--------|---------------------------|-----------------------------------------------------------------|

----

----

| June      30, 2008(In      millions) |   | Level      1 |   |   | Level      2 |   |   | Level      3 |   |   | FIN      39netting(a) |   |   | Netbalance |
|--------------------------------------|--------|--------------|--------|--------|--------------|--------|--------|--------------|--------|--------|-----------------------|--------|--------|------------|
|                                 |   |         |   |   |         |   |   |         |   |   |                  |   |   |       |
| Assets                               |   |         |   |   |         |   |   |         |   |   |                  |   |   |       |
| Investment      securities           | $      | 1,659        |   | $      | 30,343       |   | $      | 13,539       |   | $      | –               |   | $      | 45,541     |
| Derivatives                          |   | 1            |   |   | 6,671        |   |   | 685          |   |   | (3,332                | )      |   | 4,025      |
| Other(b)                             |   | –      |   |   | 945          |   |   | 715          |   |   | –               |   |   | 1,660      |
| Total                                | $      | 1,660        |   | $      | 37,959       |   | $      | 14,939       |   | $      | (3,332                | )      | $      | 51,226     |
|                                 |   |         |   |   |         |   |   |         |   |   |                  |   |   |       |
| Liabilities                          |   |         |   |   |         |   |   |         |   |   |                  |   |   |       |
| Derivatives                          | $      | –      |   | $      | 7,006        |   | $      | 225          |   | $      | (3,340                | )      | $      | 3,891      |
| Other                                |   | –      |   |   | 994          |   |   | –      |   |   | –               |   |   | 994        |
| Total                                | $      | –      |   | $      | 8,000        |   | $      | 225          |   | $      | (3,340                | )      | $      | 4,885      |
|                                 |   |         |   |   |         |   |   |         |   |   |                  |   |   |       |

| (a) | FASB      Interpretation (FIN) 39, Offsetting of Amounts Related      to Certain Contracts, permits the netting of derivative receivables      and derivative payables when a legally enforceable master netting      agreement exists. Includes fair value adjustments related to our own and      counterparty credit risk. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Includes      private equity investments and loans designated under the fair value      option.                                                                                                                                                                                                                               |

| (In      millions)                           | April      1, 2008 |   | Netrealized/unrealizedgains(losses)included      inearnings(a) |   | Net      realized/unrealizedgains      (losses)included      inaccumulatednonownerchangesother      thanearnings |   | Purchases,issuancesandsettlements |   | Transfersin      and/orout      ofLevel      3(b) |   | June      30, 2008 |   | Netchange      inunrealizedgains(losses)relating      toinstrumentsstill      heldat      June 30, 2008(c) |
|----------------------------------------------|--------------------|--------|----------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|--------|---------------------------------------------------|--------|--------------------|--------|------------------------------------------------------------------------------------------------------------|
|                                         |               |   |                                                           |   |                                                                                                             |   |                              |   |                                              |   |               |   |                                                                                                       |   |   |   |   |   |   |   |   |   |
| Investment      securities    | $                  | 12,431 |                                                           | $      | 258                                                                                                              |   | $                                 | 3      |                                              | $      | 167                |   | $                                                                                                          | 680 |   | $ | 13,539 |   |   | $ | 6 |   |
| Derivatives(d)                               |               | 776    |                                                           |   | (219                                                                                                             | )      |                              | (31    | )                                                 |   | (50                | )      |                                                                                                       | – |   |   | 476 |   |   |   | (239 | ) |
| Other                                        |               | 714    |                                                           |   | 10                                                                                                               |   |                              | (5     | )                                                 |   | (55                | )      |                                                                                                       | 51 |   |   | 715 |   |   |   | 10 |   |
| Total                                        | $                  | 13,921 |                                                           | $      | 49                                                                                                               |   | $                                 | (33    | )                                                 | $      | 62                 |   | $                                                                                                          | 731 |   | $ | 14,730 |   |   | $ | (223 | ) |
|                                         |               |   |                                                           |   |                                                                                                             |   |                              |   |                                              |   |               |   |                                                                                                       |   |   |   |   |   |   |   |   |   |

| (a) | Earnings      effects are primarily included in “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.                                                                                                                                                             |
| (c) | Represents      the amount of total gains or losses for the period included in earnings      attributable to the change in unrealized gains (losses) relating to assets      and liabilities classified as Level 3 that are still held at June 30,      2008. |
| (d) | Represents      derivative assets net of derivative liabilities and includes cash accruals      of $16 million not reflected in the fair value hierarchy      table.                                                                                          |

----

| (In      millions)                           | January      1, 2008 |   | Netrealized/unrealizedgains(losses)included      inearnings(a) |   | Net      realized/unrealizedgains      (losses)included      inaccumulatednonownerchangesother      thanearnings |   | Purchases,issuancesandsettlements |   | Transfersin      and/orout      ofLevel      3(b) |   | June      30, 2008 |   | Netchange      inunrealizedgains(losses)relating      toinstrumentsstill      heldat      June 30, 2008(c) |
|----------------------------------------------|----------------------|--------|----------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|--------|---------------------------------------------------|--------|--------------------|--------|------------------------------------------------------------------------------------------------------------|
|                                         |                 |   |                                                           |   |                                                                                                             |   |                              |   |                                              |   |               |   |                                                                                                       |   |   |   |   |   |   |   |   |   |
| Investment      securities    | $                    | 12,122 |                                                           | $      | 344                                                                                                              |   | $                                 | (149   | )                                                 | $      | 542                |   | $                                                                                                          | 680 |   | $ | 13,539 |   |   | $ | (30 | ) |
| Derivatives(d)(e)                            |                 | 264    |                                                           |   | 288                                                                                                              |   |                              | 25     |                                              |   | (101               | )      |                                                                                                       | – |   |   | 476 |   |   |   | 272 |   |
| Other                                        |                 | 689    |                                                           |   | (8                                                                                                               | )      |                              | 29     |                                              |   | (46                | )      |                                                                                                       | 51 |   |   | 715 |   |   |   | (9 | ) |
| Total                                        | $                    | 13,075 |                                                           | $      | 624                                                                                                              |   | $                                 | (95    | )                                                 | $      | 395                |   | $                                                                                                          | 731 |   | $ | 14,730 |   |   | $ | 233 |   |
|                                         |                 |   |                                                           |   |                                                                                                             |   |                              |   |                                              |   |               |   |                                                                                                       |   |   |   |   |   |   |   |   |   |

| (a) | Earnings      effects are primarily included in “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.                                                                                                                                                             |
| (c) | Represents      the amount of total gains or losses for the period included in earnings      attributable to the change in unrealized gains (losses) relating to assets      and liabilities classified as Level 3 that are still held at June 30,      2008. |
| (d) | Earnings      from Derivatives were partially offset by $74 million in losses from      related derivatives included in Level 2 and $57 million in losses from      qualifying fair value hedges.                                                             |
| (e) | Represents      derivative assets net of derivative liabilities and includes cash accruals      of $16 million not reflected in the fair value hierarchy      table.                                                                                          |

|                                              | Three      months endedJune      30 |   | Six      months endedJune      30 |   |
|---------------------------------------------------|-------------------------------------|--------|-----------------------------------|--------|
| (In      millions)                                | 2008                                |   | 2007                              |   | 2008 |   | 2007 |   |
|                                              |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Net      earnings                                 | $                                   | 2,437  |                              | $      | 2,166 |   | $ | 4,832 |   | $ | 5,189 |   |
| Investment      securities – net            |                                | (585   | )                                 |   | (873 | ) |   | (1,314 | ) |   | (1,199 | ) |
| Currency      translation adjustments – net |                                | (353   | )                                 |   | 1,349 |   |   | 796 |   |   | 1,115 |   |
| Cash      flow hedges – net                 |                                | 1,778  |                              |   | 665 |   |   | 119 |   |   | 732 |   |
| Benefit      plans – net                    |                                | 5      |                              |   | (1 | ) |   | 18 |   |   | 14 |   |
| Total                                             | $                                   | 3,282  |                              | $      | 3,306 |   | $ | 4,451 |   | $ | 5,851 |   |

----

|                                |   |   | At     |
|-------------------------------------|--------|--------|--------|
| (In      millions)                  |   |   |   |   | June      30,2008 |   | December      31,2007 |
|                                |   |   |   |   |   |   |   |
| Receivables      secured by         |   |   |   |   |   |   |   |
| Equipment                           | $      | 7,001  |   | $ | 6,552 |   |   |
| Commercial real      estate         |   | 8,563  |   |   | 9,244 |   |   |
| Other assets                        |   | 12,065 |   |   | 12,880 |   |   |
| Credit      card receivables        |   | 22,612 |   |   | 22,793 |   |   |
| Trade      receivables              |   | 2,951  |   |   | 2,036 |   |   |
| Total      securitized assets(a)(b) | $      | 53,192 |   | $ | 53,505 |   |   |
|                                |   |   |   |   |   |   |   |

| (a) | At      June 30, 2008, and December 31, 2007, liquidity support amounted to $2,416      million and $2,810 million, respectively. Credit support amounted to      $2,429 million and $2,804 million at June 30, 2008, and December 31, 2007,      respectively. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Liabilities      for recourse obligations related to off-balance sheet assets were $2      million at both June 30, 2008, and December 31,  2007.                                                                                                               |

----

----

----

|                                                  | Three      months endedJune      30(Unaudited) |    | Six      months endedJune      30(Unaudited) |   |
|-------------------------------------------------------|------------------------------------------------|---------|----------------------------------------------|--------|
| (In      millions)                                    | 2008                                           |    | 2007                                         |   | 2008 |   | 2007 |   |
|                                                  |                                           |    |                                         |   |   |   |   |   |   |   |   |   |
|                                                  |                                           |    |                                         |   |   |   |   |   |   |   |   |   |
| Revenues                                              |                                           |    |                                         |   |   |   |   |   |   |   |   |   |
| GE      Commercial Finance                            | $                                              | 9,259   |                                         | $      | 8,138 |   | $ | 17,825 |   | $ | 16,169 |   |
| GE      Money                                         |                                           | 6,629   |                                         |   | 6,276 |   |   | 13,037 |   |   | 12,234 |   |
| GE      Infrastructure                                |                                           | 17,552  |                                         |   | 13,934 |   |   | 32,512 |   |   | 26,136 |   |
| Total segment      revenues                           |                                           | 33,440  |                                         |   | 28,348 |   |   | 63,374 |   |   | 54,539 |   |
| GECS      corporate items and eliminations(a)         |                                           | 1,051   |                                         |   | 1,255 |   |   | 2,120 |   |   | 3,111 |   |
| Total      revenues                                   |                                           | 34,491  |                                         |   | 29,603 |   |   | 65,494 |   |   | 57,650 |   |
| Less      portion of GE revenues not included in GECS |                                           | (15,408 | )                                            |   | (12,368 | ) |   | (28,328 | ) |   | (22,930 | ) |
| Total      revenues in GECS                           | $                                              | 19,083  |                                         | $      | 17,235 |   | $ | 37,166 |   | $ | 34,720 |   |
|                                                  |                                           |    |                                         |   |   |   |   |   |   |   |   |   |
| Segment      profit                                   |                                           |    |                                         |   |   |   |   |   |   |   |   |   |
| GE      Commercial Finance                            | $                                              | 1,390   |                                         | $      | 1,304 |   | $ | 2,548 |   | $ | 2,744 |   |
| GE      Money                                         |                                           | 1,056   |                                         |   | 1,158 |   |   | 2,051 |   |   | 2,381 |   |
| GE      Infrastructure                                |                                           | 3,174   |                                         |   | 2,563 |   |   | 5,762 |   |   | 4,771 |   |
| Total segment    profit                               |                                           | 5,620   |                                         |   | 5,025 |   |   | 10,361 |   |   | 9,896 |   |
| GECS      corporate items and eliminations(a)(b)      |                                           | (129    | )                                            |   | (491 | ) |   | (352 | ) |   | (236 | ) |
| Less      portion of GE segment profit not            |                                           |    |                                         |   |   |   |   |   |   |   |   |   |
| included in GECS                                      |                                           | (2,717  | )                                            |   | (2,113 | ) |   | (4,769 | ) |   | (3,815 | ) |
| Earnings      in GECS from continuing operations      |                                           | 2,774   |                                         |   | 2,421 |   |   | 5,240 |   |   | 5,845 |   |
| Loss      in GECS from discontinued operations,       |                                           |    |                                         |   |   |   |   |   |   |   |   |   |
| net of taxes                                          |                                           | (337    | )                                            |   | (255 | ) |   | (408 | ) |   | (656 | ) |
| Total      net earnings in GECS                       | $                                              | 2,437   |                                         | $      | 2,166 |   | $ | 4,832 |   | $ | 5,189 |   |
|                                                  |                                           |    |                                         |   |   |   |   |   |   |   |   |   |

| (a) | Included      the gain on sale of Swiss Re common stock $0.6 billion pre tax ($0.3      billion after tax) during the first quarter of 2007.                                                                                                            |   |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | Included      restructuring and other charges of $0.1 billion for the first six months      of 2008, compared with $0.2 billion for the second quarter and first six      months of 2007, primarily related to GE Money and GE Commercial      Finance. |   |

----

|                | Three      months endedJune      30 |   | Six      months endedJune      30 |   |
|---------------------|-------------------------------------|--------|-----------------------------------|--------|
| (In      millions)  | 2008                                |   | 2007                              |   | 2008 |   | 2007 |   |
|                |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Revenues            | $                                   | 9,259  |                              | $      | 8,138 |   | $ | 17,825 |   | $ | 16,169 |   |
|                |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Segment      profit | $                                   | 1,390  |                              | $      | 1,304 |   | $ | 2,548 |   | $ | 2,744 |   |
|                |                                |   |                              |   |   |   |   |   |   |   |   |   |

|                     | At                |
|--------------------------|-------------------|
|  (In      millions) | June      30,2008 |   | June      30,2007 |   | December      31,2007 |   |
|                     |              |   |   |   |   |   |   |   |   |   |   |
| Total      assets        | $                 | 338,546 |   | $ | 277,807 |   | $ | 310,412 |   |   |   |

|                      | Three      months endedJune      30 |   | Six      months endedJune      30 |   |
|---------------------------|-------------------------------------|--------|-----------------------------------|--------|
| (In      millions)        | 2008                                |   | 2007                              |   | 2008 |   | 2007 |   |
|                      |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Revenues      in GE       |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Capital    Solutions      | $                                   | 3,821  |                              | $      | 3,465 |   | $ | 7,455 |   | $ | 6,828 |   |
| Real Estate               |                                | 1,964  |                              |   | 1,557 |   |   | 3,847 |   |   | 3,172 |   |
|                      |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Segment      profit in GE |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Capital    Solutions      | $                                   | 503    |                              | $      | 463 |   | $ | 903 |   | $ | 858 |   |
| Real Estate               |                                | 484    |                              |   | 476 |   |   | 960 |   |   | 1,040 |   |

|                     | At                |
|--------------------------|-------------------|
|  (In      millions) | June      30,2008 |   | June      30,2007 |   | December      31,2007 |   |
|                     |              |   |   |   |   |   |   |   |   |   |   |
| Assets      in GE        |              |   |   |   |   |   |   |   |   |   |   |
| Capital    Solutions     | $                 | 124,040 |   | $ | 115,167 |   | $ | 122,527 |   |   |   |
| Real Estate              |              | 90,611 |   |   | 62,057 |   |   | 79,285 |   |   |   |

----

Money

|                | Three      months endedJune      30 |   | Six      months endedJune      30 |   |
|---------------------|-------------------------------------|--------|-----------------------------------|--------|
| (In      millions)  | 2008                                |   | 2007                              |   | 2008 |   | 2007 |   |
|                |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Revenues            | $                                   | 6,629  |                              | $      | 6,276 |   | $ | 13,037 |   | $ | 12,234 |   |
|                |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Segment      profit | $                                   | 1,056  |                              | $      | 1,158 |   | $ | 2,051 |   | $ | 2,381 |   |
|                |                                |   |                              |   |   |   |   |   |   |   |   |   |
|                |                                |   |                              |   |   |   |   |   |   |   |   |   |

|                     | At                |
|--------------------------|-------------------|
|  (In      millions) | June      30,2008 |   | June      30,2007 |   | December      31,2007 |   |
|                     |              |   |   |   |   |   |   |   |   |   |   |
| Total      assets        | $                 | 221,192 |   | $ | 189,258 |   | $ | 209,174 |   |   |   |

----

|                                       | Three      months endedJune      30 |    | Six      months endedJune      30 |   |
|--------------------------------------------|-------------------------------------|---------|-----------------------------------|--------|
| (In      millions)                         | 2008                                |    | 2007                              |   | 2008 |   | 2007 |   |
|                                       |                                |    |                              |   |   |   |   |   |   |   |   |   |
| Revenues                                   | $                                   | 17,552  |                              | $      | 13,934 |   | $ | 32,512 |   | $ | 26,136 |   |
| Less      portion of GE Infrastructure not |                                |    |                              |   |   |   |   |   |   |   |   |   |
| included in GECS                           |                                | (15,408 | )                                 |   | (12,368 | ) |   | (28,328 | ) |   | (22,930 | ) |
| Total revenues in      GECS                | $                                   | 2,144   |                              | $      | 1,566 |   | $ | 4,184 |   | $ | 3,206 |   |
|                                       |                                |    |                              |   |   |   |   |   |   |   |   |   |
| Segment      profit                        | $                                   | 3,174   |                              | $      | 2,563 |   | $ | 5,762 |   | $ | 4,771 |   |
| Less      portion of GE Infrastructure not |                                |    |                              |   |   |   |   |   |   |   |   |   |
| included in GECS                           |                                | (2,717  | )                                 |   | (2,113 | ) |   | (4,769 | ) |   | (3,815 | ) |
| Total segment profit in      GECS          | $                                   | 457     |                              | $      | 450 |   | $ | 993 |   | $ | 956 |   |
|                                       |                                |    |                              |   |   |   |   |   |   |   |   |   |
| Revenues      in GE                        |                                |    |                              |   |   |   |   |   |   |   |   |   |
| Aviation                                   | $                                   | 4,923   |                              | $      | 4,079 |   | $ | 9,243 |   | $ | 7,530 |   |
| Aviation Financial      Services           |                                | 1,081   |                              |   | 1,088 |   |   | 2,312 |   |   | 2,337 |   |
| Energy                                     |                                | 7,003   |                              |   | 5,195 |   |   | 12,643 |   |   | 9,862 |   |
| Energy Financial      Services             |                                | 989     |                              |   | 417 |   |   | 1,759 |   |   | 741 |   |
| Oil & Gas                              |                                | 1,895   |                              |   | 1,821 |   |   | 3,430 |   |   | 2,969 |   |
| Transportation                             |                                | 1,202   |                              |   | 1,107 |   |   | 2,350 |   |   | 2,235 |   |
|                                       |                                |    |                              |   |   |   |   |   |   |   |   |   |
| Segment      profit in GE                  |                                |    |                              |   |   |   |   |   |   |   |   |   |
| Aviation                                   | $                                   | 914     |                              | $      | 828 |   | $ | 1,689 |   | $ | 1,527 |   |
| Aviation Financial      Services           |                                | 252     |                              |   | 266 |   |   | 639 |   |   | 654 |   |
| Energy                                     |                                | 1,222   |                              |   | 895 |   |   | 2,129 |   |   | 1,584 |   |
| Energy Financial      Services             |                                | 178     |                              |   | 169 |   |   | 323 |   |   | 270 |   |
| Oil & Gas                              |                                | 255     |                              |   | 189 |   |   | 416 |   |   | 291 |   |
| Transportation                             |                                | 241     |                              |   | 217 |   |   | 495 |   |   | 431 |   |

----

|                                            | Three      months endedJune      30 |   | Six      months endedJune      30 |   |
|-------------------------------------------------|-------------------------------------|--------|-----------------------------------|--------|
| (In      millions)                              | 2008                                |   | 2007                              |   | 2008 |   | 2007 |   |
|                                            |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Loss      in GECS from discontinued operations, |                                |   |                              |   |   |   |   |   |   |   |   |   |
| net of taxes                                    | $                                   | (337   | )                                 | $      | (255 | ) | $ | (408 | ) | $ | (656 | ) |
|                                            |                                |   |                              |   |   |   |   |   |   |   |   |   |
|                                            |                                |   |                              |   |   |   |   |   |   |   |   |   |

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| ·   | During      the first six months of 2008, we completed the acquisition of Merrill      Lynch Capital and Bank BPH. |
|--------------------|--------------------------------------------------------------------------------------------------------------------|

| ·   | The      U.S. dollar was weaker at June 30, 2008, than at December 31, 2007,      increasing the translated levels of our non-U.S. dollar assets and      liabilities. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Overview      of Our Cash Flow |
|--------------------------------|

----

----

|                       | Delinquency      rates at |   |
|----------------------------|---------------------------|--------|
|                       | June      30, 2008(a)     |   | December      31, 2007 |   | June      30, 2007 |   |
|                       |                      |   |   |   |   |   |   |   |   |   |
| GE      Commercial Finance |                      | 1.48   | % |   |   | 1.21 | % |   |   | 1.28 | % |   |   |
| GE      Money              |                      | 5.92   |   |   |   | 5.38 |   |   |   | 5.22 |   |   |   |
| U.S.                       |                      | 5.55   |   |   |   | 5.52 |   |   |   | 4.50 |   |   |   |
| Non-U.S.                   |                      | 6.07   |   |   |   | 5.32 |   |   |   | 5.50 |   |   |   |
|                       |                      |   |   |   |   |   |   |   |   |   |   |   |   |

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

----

| · | Transaction      costs will generally be expensed. Certain such costs are presently treated      as costs of the acquisition. |
|--------|-------------------------------------------------------------------------------------------------------------------------------|

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

| · | Contingencies,      including contingent consideration, will generally be recorded at fair      value with subsequent adjustments recognized in operations. Contingent      consideration is presently accounted for as an adjustment of purchase      price. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Decreases      in valuation allowances on acquired deferred tax assets will be recognized      in operations. Such changes previously were considered to be subsequent      changes in consideration and were recorded as decreases in      goodwill. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Item 6. Exhibits

|   | 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(a) | Financial      Measures That Supplement Generally Accepted Accounting      Principles.*                                                                     |
|   | Exhibit      99(b) | Immaterial      Correction.*                                                                                                                                |
|   |               | *      Filed electronically herewith.                                                                                                                       |

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| General      Electric Capital Services, Inc.(Registrant)    |
|----------------------------------------------------------------------------|
| July      25, 2008                                                         |   | /s/      Jamie S. Miller |   |
| Date                                                                       |   | Jamie      S. MillerSenior      Vice President and ControllerDuly      Authorized Officer and Principal Accounting Officer |
|                                                                       |   |   |

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