**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**

**Six      months ended June 30, 2005**

|                                                                                                    | **Ratio                of****earnings                to****fixed                charges** |   | **Ratio                of****earnings                to****combined****fixed                charges****and                preferred****stock                dividends** |
|---------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| *(Dollars                in millions)*                                                                  |                                                                                      |   |                                                                                                                                                                    |   |   |   |
|                                                                                                    |                                                                                      |   |                                                                                                                                                                    |   |   |   |
| Net                earnings                                                                             | $                                                                                         | 4,567  |                                                                                                                                                                    | $ | 4,567 |   |
| Provision                for income taxes                                                               |                                                                                      | 986    |                                                                                                                                                                    |   | 986 |   |
| Minority                interest in net earnings of consolidated affiliates                             |                                                                                      | 336    |                                                                                                                                                                    |   | 336 |   |
|                                                                                                    |                                                                                      |   |                                                                                                                                                                    |   |   |   |
| Earnings                before provision for income taxes and minority interest                         |                                                                                      | 5,889  |                                                                                                                                                                    |   | 5,889 |   |
| Fixed                charges:                                                                           |                                                                                      |   |                                                                                                                                                                    |   |   |   |
| Interest                                                                                                |                                                                                      | 7,324  |                                                                                                                                                                    |   | 7,324 |   |
| One-third                of rentals                                                                     |                                                                                      | 176    |                                                                                                                                                                    |   | 176 |   |
|                                                                                                    |                                                                                      |   |                                                                                                                                                                    |   |   |   |
| Total                fixed charges                                                                      |                                                                                      | 7,500  |                                                                                                                                                                    |   | 7,500 |   |
|                                                                                                    |                                                                                      |   |                                                                                                                                                                    |   |   |   |
| Less                interest capitalized, net of amortization                                           |                                                                                      | (37    | )                                                                                                                                                                       |   | (37 | ) |
|                                                                                                    |                                                                                      |   |                                                                                                                                                                    |   |   |   |
| Earnings                before provision for income taxes and minority interest,                        |                                                                                      |   |                                                                                                                                                                    |   |   |   |
| plus                fixed charges                                                                       | $                                                                                         | 13,352 |                                                                                                                                                                    | $ | 13,352 |   |
|                                                                                                    |                                                                                      |   |                                                                                                                                                                    |   |   |   |
| Ratio                of earnings to fixed charges                                                       |                                                                                      | 1.78   |                                                                                                                                                                    |   | 1.78 |   |
|                                                                                                    |                                                                                      |   |                                                                                                                                                                    |   |   |   |
| Preferred                stock dividend requirements                                                    |                                                                                      |   |                                                                                                                                                                    | $ | - |   |
| Ratio                of earnings before provision for income taxes to net                earnings       |                                                                                      |   |                                                                                                                                                                    |   | 1.22 |   |
|                                                                                                    |                                                                                      |   |                                                                                                                                                                    |   |   |   |
| Preferred                stock dividend factor on pre-tax basis                                         |                                                                                      |   |                                                                                                                                                                    |   | - |   |
| Fixed                charges                                                                            |                                                                                      |   |                                                                                                                                                                    |   | 7,500 |   |
|                                                                                                    |                                                                                      |   |                                                                                                                                                                    |   |   |   |
| Total                fixed charges and preferred stock dividend requirements                            |                                                                                      |   |                                                                                                                                                                    | $ | 7,500 |   |
|                                                                                                    |                                                                                      |   |                                                                                                                                                                    |   |   |   |
| Ratio                of earnings to combined fixed charges and preferred stock                dividends |                                                                                      |   |                                                                                                                                                                    |   | 1.78 |   |
|                                                                                                    |                                                                                      |   |                                                                                                                                                                    |   |   |   |