**UNITED      STATES SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON,      D.C. 20549**

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

| (**Mark                One)**                                                                                                                  |                                                                                                                  |   |   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------|--------|--------|--------|
| **þ**                                                                                                                                     | QUARTERLY                REPORT PURSUANT TO SECTION 13 OR 15(d) OF                                                    |
|                                                                                                                                           | THE                SECURITIES EXCHANGE ACT OF 1934                                                                    |
|                                                                                                                                           |
| For                the quarterly period ended September 30, 2007                                                                               |
| 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 its                charter) |

| **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)                           |

** **
**(203)      373-2211**

**þ**

**¨**

| Large                accelerated filer **¨**** **  | Accelerated                filer **¨**  | Non-accelerated                filer **þ**  |
|-------------------------------------------------------------------|---------------------------------------------------|-------------------------------------------------------|

**¨**

**þ**

**REGISTRANT      MEETS THE CONDITIONS SET FORTH IN GENERAL INSTRUCTION H(1)(a) AND (b) OF      FORM 10-Q AND IS THEREFORE FILING THIS FORM 10-Q WITH THE REDUCED      DISCLOSURE FORMAT.**

----

**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 |   | 12     |
| Item                4. Controls and                Procedures                                                                                    |   | 23     |
|                                                                                                                                             |   |   |
| **Part                II – Other Information**                                                                                             |   |   |
|                                                                                                                                             |   |   |
| Item                1. Legal                Proceedings                                                                                          |   | 23     |
| Item                6. Exhibits                                                                                                                  |   | 24     |
| Signatures                                                                                                                                       |   | 25     |

**Forward-Looking      Statements**

----

**Part      I. Financial Information**

**Item      1. Financial Statements**

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

**Condensed      Statement of Current and Retained Earnings**

**(Unaudited)**

|                                                                | **Three                months ended****September                30** |   | **Nine                months ended****September                30** |   |
|---------------------------------------------------------------------|----------------------------------------------------------------------|--------|---------------------------------------------------------------------|--------|
| *(In                millions)*                                      | **2007**                                                             |   | **2006**                                                            |   | **2007** |   | **2006** |   |
|                                                                |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| **Revenues**                                                        |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| Revenues                from services (note 3)                      | $                                                                    | 17,843 |                                                                | $      | 15,067 |   | $ | 52,503 |   | $ | 43,131 |   |
| Sales                of goods                                       |                                                                 | 277    |                                                                |   | 519 |   |   | 337 |   |   | 1,786 |   |
| Total                revenues                                       |                                                                 | 18,120 |                                                                |   | 15,586 |   |   | 52,840 |   |   | 44,917 |   |
|                                                                |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| **Costs                and expenses**                               |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| Interest                                                            |                                                                 | 5,787  |                                                                |   | 4,729 |   |   | 16,499 |   |   | 12,922 |   |
| Operating                and administrative                         |                                                                 | 4,724  |                                                                |   | 4,207 |   |   | 13,685 |   |   | 12,318 |   |
| Cost                of goods sold                                   |                                                                 | 236    |                                                                |   | 480 |   |   | 284 |   |   | 1,652 |   |
| Investment                contracts, insurance losses and insurance |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| annuity                benefits                                     |                                                                 | 889    |                                                                |   | 867 |   |   | 2,744 |   |   | 2,503 |   |
| Provision                for losses on financing receivables        |                                                                 | 1,223  |                                                                |   | 793 |   |   | 3,216 |   |   | 2,200 |   |
| Depreciation                and amortization                        |                                                                 | 1,998  |                                                                |   | 1,656 |   |   | 5,855 |   |   | 4,717 |   |
| Minority                interest in net earnings of consolidated    |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| affiliates                                                          |                                                                 | 54     |                                                                |   | 56 |   |   | 189 |   |   | 181 |   |
| Total                costs and                expenses              |                                                                 | 14,911 |                                                                |   | 12,788 |   |   | 42,472 |   |   | 36,493 |   |
|                                                                |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| **Earnings                from continuing operations before**       |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| **income                taxes**                                     |                                                                 | 3,209  |                                                                |   | 2,798 |   |   | 10,368 |   |   | 8,424 |   |
| Benefit                (provision) for income taxes                 |                                                                 | 5      |                                                                |   | (277 | ) |   | (1,309 | ) |   | (1,081 | ) |
|                                                                |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| **Earnings                from continuing operations**              |                                                                 | 3,214  |                                                                |   | 2,521 |   |   | 9,059 |   |   | 7,343 |   |
| Earnings                (loss) from discontinued operations, net of |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| taxes                (note 2)                                       |                                                                 | (1,347 | )                                                                   |   | (9 | ) |   | (2,003 | ) |   | 429 |   |
|                                                                |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| **Net                earnings**                                     |                                                                 | 1,867  |                                                                |   | 2,512 |   |   | 7,056 |   |   | 7,772 |   |
| Dividends                                                           |                                                                 | (1,225 | )                                                                   |   | (1,082 | ) |   | (6,029 | ) |   | (8,812 | ) |
| Retained                earnings at beginning of period             |                                                                 | 35,885 |                                                                |   | 32,436 |   |   | 35,500 |   |   | 34,906 |   |
| Retained                earnings at end of period                   | $                                                                    | 36,527 |                                                                | $      | 33,866 |   | $ | 36,527 |   | $ | 33,866 |   |
|                                                                |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |

----

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

**Condensed      Statement of Financial Position**

| *(In                millions)*                                                                           | **September                30, 2007** |    | **December                31, 2006** |
|----------------------------------------------------------------------------------------------------------|---------------------------------------|---------|--------------------------------------|
|                                                                                                     | **(Unaudited)**                       |    |                                 |
| **Assets**                                                                                               |                                  |    |                                 |   |   |   |
| Cash                and equivalents                                                                      | $                                     | 12,760  |                                 | $ | 12,452 |   |
| Investment                securities                                                                     |                                  | 44,780  |                                 |   | 47,472 |   |
| Inventories                                                                                              |                                  | 69      |                                 |   | 54 |   |
| Financing                receivables – net (note 5)                                                |                                  | 361,684 |                                 |   | 328,589 |   |
| Other                receivables                                                                         |                                  | 21,530  |                                 |   | 21,690 |   |
| Property,                plant and equipment, less accumulated amortization of                $24,032    |                                  |    |                                 |   |   |   |
| and                $22,406                                                                               |                                  | 62,769  |                                 |   | 57,975 |   |
| Intangible                assets – net (note 6)                                                    |                                  | 29,050  |                                 |   | 25,930 |   |
| Other                assets                                                                              |                                  | 79,500  |                                 |   | 59,387 |   |
| Assets                of discontinued operations (note 2)                                                |                                  | 7,372   |                                 |   | 11,119 |   |
| Total                assets                                                                              | $                                     | 619,514 |                                 | $ | 564,668 |   |
|                                                                                                     |                                  |    |                                 |   |   |   |
| **Liabilities                and equity**                                                                |                                  |    |                                 |   |   |   |
| Short-term                borrowings (note 7)                                                            | $                                     | 177,508 |                                 | $ | 173,313 |   |
| Accounts                payable                                                                          |                                  | 12,685  |                                 |   | 13,803 |   |
| Long-term                borrowings (note 7)                                                             |                                  | 303,424 |                                 |   | 252,953 |   |
| Investment                contracts, insurance liabilities and insurance annuity                benefits |                                  | 34,408  |                                 |   | 34,807 |   |
| Other                liabilities                                                                         |                                  | 22,057  |                                 |   | 20,691 |   |
| Deferred                income taxes                                                                     |                                  | 9,831   |                                 |   | 12,570 |   |
| Liabilities                of discontinued operations (note 2)                                           |                                  | 2,116   |                                 |   | 485 |   |
| Total                liabilities                                                                         |                                  | 562,029 |                                 |   | 508,622 |   |
|                                                                                                     |                                  |    |                                 |   |   |   |
| Minority                interest in equity of consolidated affiliates                                    |                                  | 1,291   |                                 |   | 1,949 |   |
|                                                                                                     |                                  |    |                                 |   |   |   |
| Capital                stock                                                                             |                                  | 11      |                                 |   | 11 |   |
| Accumulated                gains (losses) – net                                                    |                                  |    |                                 |   |   |   |
| Investment                securities                                                                     |                                  | 380     |                                 |   | 1,594 |   |
| Currency                translation                adjustments                                           |                                  | 7,256   |                                 |   | 4,837 |   |
| Cash                flow hedges                                                                          |                                  | (258)   |                                 |   | (171 | ) |
| Benefit                plans                                                                             |                                  | (262)   |                                 |   | (278 | ) |
| Additional                paid-in capital                                                                |                                  | 12,540  |                                 |   | 12,527 |   |
| Retained                earnings                                                                         |                                  | 36,527  |                                 |   | 35,577 |   |
| Total                shareowner’s                equity                                            |                                  | 56,194  |                                 |   | 54,097 |   |
| Total                liabilities and equity                                                              | $                                     | 619,514 |                                 | $ | 564,668 |   |
|                                                                                                     |                                  |    |                                 |   |   |   |

----

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

**Condensed      Statement of Cash Flows**

**(Unaudited)**

| *(In                millions)*                                                                                 | **Nine                months ended****September                30** |     |
|----------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------|----------|
|                                                                                                           | **2007**                                                            |     | **2006** |   |
| **Cash                flows – operating activities**                                                     |                                                                |     |   |   |   |   |
| Net                earnings                                                                                    | $                                                                   | 7,056    |   | $ | 7,772 |   |
| Loss                (earnings) from discontinued operations                                                    |                                                                | 2,003    |   |   | (429 | ) |
| Adjustments                to reconcile net earnings to cash provided from operating                activities |                                                                |     |   |   |   |   |
| Depreciation                and amortization of                property, plant and equipment                   |                                                                | 5,855    |   |   | 4,717 |   |
| Decrease                in accounts                payable                                                     |                                                                | (611     | ) |   | (739 | ) |
| Provision                for losses on                financing receivables                                    |                                                                | 3,216    |   |   | 2,200 |   |
| All                other operating                activities                                                   |                                                                | (2,504   | ) |   | 800 |   |
| Cash                from operating activities – continuing operations                                    |                                                                | 15,015   |   |   | 14,321 |   |
| Cash                from operating activities – discontinued operations                                  |                                                                | 4,773    |   |   | 728 |   |
| **Cash                from operating activities**                                                              |                                                                | 19,788   |   |   | 15,049 |   |
|                                                                                                           |                                                                |     |   |   |   |   |
| **Cash                flows – investing activities**                                                     |                                                                |     |   |   |   |   |
| Additions                to property, plant and equipment                                                      |                                                                | (10,335  | ) |   | (8,588 | ) |
| Dispositions                of property, plant and equipment                                                   |                                                                | 7,228    |   |   | 4,426 |   |
| Increase                in loans to customers                                                                  |                                                                | (263,967 | ) |   | (235,582 | ) |
| Principal                collections from customers – loans                                              |                                                                | 237,622  |   |   | 213,141 |   |
| Investment                in equipment for financing leases                                                    |                                                                | (19,556  | ) |   | (18,819 | ) |
| Principal                collections from customers – financing leases                                   |                                                                | 18,057   |   |   | 16,762 |   |
| Net                change in credit card receivables                                                           |                                                                | 3,309    |   |   | 742 |   |
| Payments                for principal businesses purchased                                                     |                                                                | (7,522   | ) |   | (6,898 | ) |
| Proceeds                from sales of discontinued operations                                                  |                                                                | −  |   |   | 8,112 |   |
| Proceeds                from principal business dispositions                                                   |                                                                | 1,102    |   |   | − |   |
| All                other investing activities                                                                  |                                                                | (5,441   | ) |   | (3,144 | ) |
| Cash                used for investing activities – continuing operations                                |                                                                | (39,503  | ) |   | (29,848 | ) |
| Cash                used for investing activities – discontinued operations                              |                                                                | (4,807   | ) |   | (3,235 | ) |
| **Cash                used for investing activities**                                                          |                                                                | (44,310  | ) |   | (33,083 | ) |
|                                                                                                           |                                                                |     |   |   |   |   |
| **Cash                flows – financing activities**                                                     |                                                                |     |   |   |   |   |
| Net                decrease in borrowings (maturities of 90 days or less)                                      |                                                                | (8,467   | ) |   | (1,083 | ) |
| Newly                issued debt                                                                               |                                                                |     |   |   |   |   |
| Short-term                (91 to 365                days)                                                      |                                                                | 815      |   |   | 605 |   |
| Long-term                (longer than one                year)                                                 |                                                                | 75,993   |   |   | 59,140 |   |
| Non-recourse,                leveraged                lease                                                    |                                                                | 24       |   |   | 920 |   |
| Repayments                and other debt reductions                                                            |                                                                |     |   |   |   |   |
| Short-term                (91 to 365                days)                                                      |                                                                | (32,252  | ) |   | (24,859 | ) |
| Long-term                (longer than one                year)                                                 |                                                                | (3,697   | ) |   | (4,187 | ) |
| Non-recourse,                leveraged                lease                                                    |                                                                | (681     | ) |   | (597 | ) |
| Dividends                paid to shareowner                                                                    |                                                                | (5,871   | ) |   | (8,671 | ) |
| All                other financing activities                                                                  |                                                                | (1,068   | ) |   | (747 | ) |
| Cash                from financing activities – continuing operations                                    |                                                                | 24,796   |   |   | 20,521 |   |
| Cash                used for financing activities – discontinued operations                              |                                                                | (3       | ) |   | (263 | ) |
| **Cash                from financing activities**                                                              |                                                                | 24,793   |   |   | 20,258 |   |
|                                                                                                           |                                                                |     |   |   |   |   |
| **Increase                in cash and equivalents**                                                            |                                                                | 271      |   |   | 2,224 |   |
| Cash                and equivalents at beginning of year                                                       |                                                                | 12,629   |   |   | 10,106 |   |
| Cash                and equivalents at September 30                                                            |                                                                | 12,900   |   |   | 12,330 |   |
| Less                cash and equivalents of discontinued operations at September                30             |                                                                | 140      |   |   | 369 |   |
| **Cash                and equivalents of continuing operations at September                30**                | $                                                                   | 12,760   |   | $ | 11,961 |   |
|                                                                                                           |                                                                |     |   |   |   |   |

----

**Notes      to Condensed, Consolidated Financial Statements (Unaudited)**

**Planned      Sale of Lake and WMC**

----

**Completed      Sale of Insurance Businesses**

|                                                               | **Three                months ended****September                30** |   | **Nine                months ended****September                30** |   |
|--------------------------------------------------------------------|----------------------------------------------------------------------|--------|---------------------------------------------------------------------|--------|
| *(In                millions)*                                     | **2007**                                                             |   | **2006**                                                            |   | **2007** |   | **2006** |   |
|                                                               |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| **Operations**                                                     |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| Total                revenues                                      | $                                                                    | (186   | )                                                                   | $      | 1,015 |   | $ | (468 | ) | $ | 5,711 |   |
|                                                               |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| Earnings                (loss) from discontinued operations before |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| income                taxes                                        | $                                                                    | (601   | )                                                                   | $      | 93 |   | $ | (1,928 | ) | $ | 677 |   |
| Income                tax benefit (expense)                        |                                                                 | 175    |                                                                |   | (2 | ) |   | 845 |   |   | (109 | ) |
| Earnings                (loss) from discontinued operations before |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| disposal,                net of                taxes               | $                                                                    | (426   | )                                                                   | $      | 91 |   | $ | (1,083 | ) | $ | 568 |   |
|                                                               |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| **Disposal**                                                       |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| Loss                on disposal before income taxes                | $                                                                    | (1,549 | )                                                                   | $      | (163 | ) | $ | (1,560 | ) | $ | (152 | ) |
| Income                tax benefit                                  |                                                                 | 628    |                                                                |   | 63 |   |   | 640 |   |   | 13 |   |
| Loss                on disposal, net of taxes                      | $                                                                    | (921   | )                                                                   | $      | (100 | ) | $ | (920 | ) | $ | (139 | ) |
|                                                               |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| Earnings                (loss) from discontinued operations,       |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| net                of taxes                                        | $                                                                    | (1,347 | )                                                                   | $      | (9 | ) | $ | (2,003 | ) | $ | 429 |   |
|                                                               |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |

|                                             | **At**      |   |
|--------------------------------------------------|-------------|--------|
| *(In                millions)*                   | **9/30/07** |   | **12/31/06** |   |
|                                             |        |   |   |   |   |   |
| **Assets**                                       |        |   |   |   |   |   |
| Cash                and equivalents              | $           | 140    |   | $ | 177 |   |
| Financing                receivables – net |        | 5,330  |   |   | 5,643 |   |
| Other                assets                      |        | 424    |   |   | 4,823 |   |
| Other                                            |        | 1,478  |   |   | 476 |   |
| Assets                of discontinued operations | $           | 7,372  |   | $ | 11,119 |   |

|                                                  | **At**      |   |
|-------------------------------------------------------|-------------|--------|
| *(In                millions)*                        | **9/30/07** |   | **12/31/06** |   |
|                                                  |        |   |   |   |   |   |
| **Liabilities**                                       |        |   |   |   |   |   |
| Liabilities                of discontinued operations | $           | 2,116  |   | $ | 485 |   |

----

|                                                   | **Three                months ended****September                30** |   | **Nine                months ended****September                30** |   |
|--------------------------------------------------------|----------------------------------------------------------------------|--------|---------------------------------------------------------------------|--------|
| *(In                millions)*                         | **2007**                                                             |   | **2006**                                                            |   | **2007** |   | **2006** |   |
|                                                   |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| Interest                on loans                       | $                                                                    | 6,122  |                                                                | $      | 5,139 |   | $ | 17,594 |   | $ | 15,176 |   |
| Equipment                leased to others              |                                                                 | 3,754  |                                                                |   | 3,410 |   |   | 11,207 |   |   | 9,477 |   |
| Financing                leases                        |                                                                 | 1,136  |                                                                |   | 1,176 |   |   | 3,489 |   |   | 3,203 |   |
| Fees                                                   |                                                                 | 1,257  |                                                                |   | 990 |   |   | 3,801 |   |   | 3,003 |   |
| Real                estate investments                 |                                                                 | 1,364  |                                                                |   | 845 |   |   | 3,420 |   |   | 2,187 |   |
| Investment                income(a)                    |                                                                 | 860    |                                                                |   | 691 |   |   | 3,005 |   |   | 1,921 |   |
| Premiums                earned by insurance activities |                                                                 | 583    |                                                                |   | 536 |   |   | 1,653 |   |   | 1,512 |   |
| Associated                companies                    |                                                                 | 663    |                                                                |   | 541 |   |   | 1,678 |   |   | 1,470 |   |
| Gross                securitization gains              |                                                                 | 368    |                                                                |   | 331 |   |   | 1,486 |   |   | 865 |   |
| Other                items                             |                                                                 | 1,736  |                                                                |   | 1,408 |   |   | 5,170 |   |   | 4,317 |   |
| Total                                                  | $                                                                    | 17,843 |                                                                | $      | 15,067 |   | $ | 52,503 |   | $ | 43,131 |   |
|                                                   |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |

| (a) | Included                gain on sale of common stock in Swiss Re of $558 million during first                quarter of 2007. |   |
|-----|-------------------------------------------------------------------------------------------------------------------------------|--------|

** **

|                                                                                                          | **At**      |    |
|---------------------------------------------------------------------------------------------------------------|-------------|---------|
| *(In                millions)*                                                                                | **9/30/07** |    | **1/1/07** |   |
|                                                                                                          |        |    |   |   |   |   |
| Unrecognized                tax benefits                                                                      | $           | 4,012   |   | $ | 3,507 |   |
| Portion                that, if recognized,                would reduce tax expense and effective tax rate(a) |        | 2,597   |   |   | 2,403 |   |
| Accrued                interest on unrecognized tax benefits                                                  |        | 692     |   |   | 685 |   |
| Accrued                penalties on unrecognized tax benefits                                                 |        | 65      |   |   | 96 |   |
| Reasonably                possible reduction to the balance of unrecognized tax benefits                in    |        |    |   |   |   |   |
| succeeding                12                months                                                            |        | 0-1,100 |   |   | 0-500 |   |
| Portion                that, if recognized,                would reduce tax expense and effective tax rate(a) |        | 0-850   |   |   | 0-200 |   |
|                                                                                                          |        |    |   |   |   |   |

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

----

|                                                                  | **At**      |    |
|-----------------------------------------------------------------------|-------------|---------|
| *(In                millions)*                                        | **9/30/07** |    | **12/31/06** |   |
|                                                                  |        |    |   |   |   |   |
| Loans,                net of deferred income                          | $           | 290,759 |   | $ | 264,039 |   |
| Investment                in financing leases, net of deferred income |        | 74,890  |   |   | 68,569 |   |
|                                                                  |        | 365,649 |   |   | 332,608 |   |
| Less                allowance for losses                              |        | (3,965  | ) |   | (4,019 | ) |
| Financing                receivables – net(a)                   | $           | 361,684 |   | $ | 328,589 |   |
|                                                                  |        |    |   |   |   |   |

| (a) | Included                $10,383 million and $11,509 million related to consolidated, liquidating                securitization entities at September 30, 2007, and December 31, 2006,                respectively. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                     | **At**      |   |
|----------------------------------------------------------|-------------|--------|
| *(In                millions)*                           | **9/30/07** |   | **12/31/06** |   |
|                                                     |        |   |   |   |   |   |
| Goodwill                                                 | $           | 25,069 |   | $ | 22,754 |   |
| Intangible                assets subject to amortization |        | 3,981  |   |   | 3,176 |   |
| Total                                                    | $           | 29,050 |   | $ | 25,930 |   |

|                                            | **2007**                        |   |
|-------------------------------------------------|---------------------------------|--------|
| *(In                millions)*                  | **GE****Commercial****Finance** |   | **GE****Money** |   | **GE****Industrial(a)** |   | **GE****Infrastructure(a)** |   | **Total** |   |
|                                            |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance                January 1                |                            | $      | 11,315 |   |   |   | $ | 9,845 |   |   |   | $ | 1,430 |   |   |   | $ | 164 |   |   | $ | 22,754 |   |
| Acquisitions/purchase                accounting |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| adjustments                                     |                            |   | 1,646 |   |   |   |   | (15 | ) |   |   |   | 12 |   |   |   |   | 201 |   |   |   | 1,844 |   |
| Dispositions,                currency exchange  |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| and                other                        |                            |   | 189 |   |   |   |   | 330 |   |   |   |   | (49 | ) |   |   |   | 1 |   |   |   | 471 |   |
| Balance                September 30             |                            | $      | 13,150 |   |   |   |  $ | 10,160 |   |   |   |  $ | 1,393 |   |   |   |  $ | 366 |   |   |  $ | 25,069 |   |
|                                            |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

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

----

**Intangible      assets subject to amortization**

|                                            | **At**                          |
|-------------------------------------------------|---------------------------------|
|                                            | **9/30/07**                     |   | **12/31/06** |
| *(In                millions)*                  | **Gross****carrying****amount** |   | **Accumulated****amortization** |   | **Net** |   | **Gross****carrying****amount** |   | **Accumulated****amortization** |   | **Net** |
|                                            |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Patents,                licenses and trademarks | $                               | 578 |   | $ | (307 | ) | $ | 271 |   | $ | 413 |   | $ | (265 | ) | $ | 148 |
| Capitalized                software             |                            | 1,823 |   |   | (1,112 | ) |   | 711 |   |   | 1,645 |   |   | (965 | ) |   | 680 |
| All                other                        |                            | 4,575 |   |   | (1,576 | ) |   | 2,999 |   |   | 3,593 |   |   | (1,245 | ) |   | 2,348 |
| Total                                           | $                               | 6,976 |   | $ | (2,995 | ) | $ | 3,981 |   | $ | 5,651 |   | $ | (2,475 | ) | $ | 3,176 |

|                                             | **At**      |    |
|--------------------------------------------------|-------------|---------|
| *(In                millions)*                   | **9/30/07** |    | **12/31/06** |   |
|                                             |        |    |   |   |   |   |
| **Short-term                borrowings**         |        |    |   |   |   |   |
|                                             |        |    |   |   |   |   |
| Commercial                paper                  |        |    |   |   |   |   |
| U.S.                                             |        |    |   |   |   |   |
| Unsecured                                        | $           | 65,462  |   | $ | 67,423 |   |
| Asset-backed(a)                                  |        | 5,088   |   |   | 6,430 |   |
| Non-U.S.                                         |        | 27,238  |   |   | 26,328 |   |
| Current                portion of long-term debt |        | 52,866  |   |   | 44,550 |   |
| GE                Interest Plus notes(b)         |        | 9,646   |   |   | 9,161 |   |
| Other                                            |        | 17,208  |   |   | 19,421 |   |
| Total                                            |        | 177,508 |   |   | 173,313 |   |
|                                             |        |    |   |   |   |   |
| **Long-term                borrowings**          |        |    |   |   |   |   |
|                                             |        |    |   |   |   |   |
| Senior                notes                      |        |    |   |   |   |   |
| Unsecured                                        |        | 283,394 |   |   | 235,942 |   |
| Asset-backed(c)                                  |        | 5,346   |   |   | 5,810 |   |
| Extendible                notes                  |        | 6,000   |   |   | 6,000 |   |
| Subordinated                notes(d)             |        | 8,684   |   |   | 5,201 |   |
| Total                                            |        | 303,424 |   |   | 252,953 |   |
| **Total                borrowings**              | $           | 480,932 |   | $ | 426,266 |   |
|                                             |        |    |   |   |   |   |

| (a)  | Entirely                obligations of consolidated, liquidating securitization entities.                See note                9.                                                                                                                                                      |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)  | Entirely                variable denomination floating rate demand notes.                                                                                                                                                                                                                |
| (c)  | Included                $4,210 million and $4,684 million of asset-backed senior notes, issued                by                consolidated, liquidating securitization entities at September 30,                2007,                and December 31, 2006, respectively. See note 9.  |
| (d)       | Included                $750 million of subordinated notes guaranteed by GE at September                30, 2007,                and December 31, 2006.                                                                                                                                       |

----

*Employers’*
*Accounting for Defined Benefit Pension and Other      Postretirement Plans*
*ending      balance*

|                                                        | **Three                months ended****September                30** |   | **Nine                months ended****September                30** |   |
|-------------------------------------------------------------|----------------------------------------------------------------------|--------|---------------------------------------------------------------------|--------|
| *(In                millions)*                              | **2007**                                                             |   | **2006**                                                            |   | **2007** |   | **2006** |   |
|                                                        |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| Net                earnings                                 | $                                                                    | 1,867  |                                                                | $      | 2,512 |   | $ | 7,056 |   | $ | 7,772 |   |
| Investment                securities – net            |                                                                 | (15    | )                                                                   |   | 807 |   |   | (1,214 | ) |   | (566 | ) |
| Currency                translation adjustments – net |                                                                 | 1,304  |                                                                |   | 339 |   |   | 2,419 |   |   | 1,487 |   |
| Cash                flow hedges – net                 |                                                                 | (819   | )                                                                   |   | (162 | ) |   | (87 | ) |   | 204 |   |
| Benefit                plans – net                    |                                                                 | 2      |                                                                |   | (1 | ) |   | 16 |   |   | (14 | ) |
| Total                                                       | $                                                                    | 2,339  |                                                                | $      | 3,495 |   | $ | 8,190 |   | $ | 8,883 |   |

|                                                 | **At**      |   |
|------------------------------------------------------|-------------|--------|
| *(In                millions)*                       | **9/30/07** |   | **12/31/06** |   |
|                                                 |        |   |   |   |   |   |
| Receivables                secured by                |        |   |   |   |   |   |
| Equipment                                            | $           | 7,686  |   | $ | 9,590 |   |
| Commercial                real                estate |        | 10,871 |   |   | 11,324 |   |
| Residential                real estate(a)            |        | 3,806  |   |   | 4,680 |   |
| Other                assets                          |        | 14,264 |   |   | 14,743 |   |
| Credit                card receivables               |        | 21,234 |   |   | 12,947 |   |
| Trade                receivables                     |        | 2,966  |   |   | 176 |   |
| Total                securitized assets              | $           | 60,827 |   | $ | 53,460 |   |

----

|                                      | **At**      |   |
|-------------------------------------------|-------------|--------|
| *(In                millions)*            | **9/30/07** |   | **12/31/06** |   |
|                                      |        |   |   |   |   |   |
| Off-balance                sheet(a)(b)(c) | $           | 50,333 |   | $ | 41,813 |   |
| On-balance                sheet(d)(e)     |        | 10,494 |   |   | 11,647 |   |
| Total                securitized assets   | $           | 60,827 |   | $ | 53,460 |   |
|                                      |        |   |   |   |   |   |

| (a)       | Excluded                assets of $2,147 million and $2,649 million at September 30, 2007,                and                December 31, 2006, respectively, associated with the planned sale                of                WMC.                                                                                                                                                                                                                          |
|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)  | At                September 30, 2007, and December 31, 2006, liquidity support amounted                to                $2,868 million and $753 million, respectively. The December 31, 2006,                amount is net of $3,034 million deferred beyond one year. Credit                support                amounted to $2,544 million and $3,815 million at September 30, 2007,                and                December 31, 2006, respectively.  |
| (c)  | Liabilities                for recourse obligations related to off-balance sheet assets were                $2                million and $27 million at September 30, 2007, and December 31, 2006,                respectively.                                                                                                                                                                                                                              |
| (d)  | At                September 30, 2007, and December 31, 2006, liquidity support amounted                to                $5,211 million and $6,585 million, respectively. Credit support amounted                to $2,808 million and $2,926 million at September 30, 2007, and December                31, 2006, respectively.                                                                                                                              |
| (e)       | Included                $10,383 million and $11,509 million of financing receivables – net related                to consolidated, liquidating securitization entities at September                30,                2007, and December 31, 2006, respectively.                                                                                                                                                                                        |

**Item      2. Management’s Discussion and Analysis of Financial Condition and Results of      Operations**

**A.      Results of Operations**

----

**Overview**

----

**Segment      Operations**

----

**Summary      of Operating Segments**

|                                                               | **Three                months ended****September                30** |    | **Nine                months ended****September                30** |   |
|--------------------------------------------------------------------|----------------------------------------------------------------------|---------|---------------------------------------------------------------------|--------|
| *(In                millions)*                                     | **2007**                                                             |    | **2006**                                                            |   | **2007** |   | **2006** |   |
|                                                               |                                                                 |    |                                                                |   |   |   |   |   |   |   |   |   |
|                                                               |                                                                 |    |                                                                |   |   |   |   |   |   |   |   |   |
| **Revenues**                                                       |                                                                 |    |                                                                |   |   |   |   |   |   |   |   |   |
| GE                Commercial Finance                               | $                                                                    | 7,032   |                                                                | $      | 6,006 |   | $ | 19,698 |   | $ | 17,017 |   |
| GE                Money                                            |                                                                 | 6,207   |                                                                |   | 5,064 |   |   | 18,441 |   |   | 14,408 |   |
| GE                Industrial(a)                                    |                                                                 | 6,229   |                                                                |   | 6,256 |   |   | 18,285 |   |   | 18,696 |   |
| GE                Infrastructure(a)                                |                                                                 | 14,451  |                                                                |   | 12,113 |   |   | 40,587 |   |   | 33,578 |   |
| Total                segment                revenues               |                                                                 | 33,919  |                                                                |   | 29,439 |   |   | 97,011 |   |   | 83,699 |   |
| GECS                corporate items and eliminations(b)            |                                                                 | 1,087   |                                                                |   | 1,033 |   |   | 4,198 |   |   | 3,890 |   |
| Total                revenues                                      |                                                                 | 35,006  |                                                                |   | 30,472 |   |   | 101,209 |   |   | 87,589 |   |
| Less                portion of GE revenues not included in GECS(a) |                                                                 | (16,886 | )                                                                   |   | (14,886 | ) |   | (48,369 | ) |   | (42,672 | ) |
| Total                revenues in GECS                              | $                                                                    | 18,120  |                                                                | $      | 15,586 |   | $ | 52,840 |   | $ | 44,917 |   |
|                                                               |                                                                 |    |                                                                |   |   |   |   |   |   |   |   |   |
| **Segment                profit**                                  |                                                                 |    |                                                                |   |   |   |   |   |   |   |   |   |
| GE                Commercial Finance                               | $                                                                    | 1,450   |                                                                | $      | 1,290 |   | $ | 4,121 |   | $ | 3,521 |   |
| GE                Money                                            |                                                                 | 942     |                                                                |   | 830 |   |   | 3,323 |   |   | 2,369 |   |
| GE                Industrial(a)                                    |                                                                 | 513     |                                                                |   | 485 |   |   | 1,365 |   |   | 1,307 |   |
| GE                Infrastructure(a)                                |                                                                 | 2,615   |                                                                |   | 2,339 |   |   | 7,386 |   |   | 6,131 |   |
| Total                segment                profit                 |                                                                 | 5,520   |                                                                |   | 4,944 |   |   | 16,195 |   |   | 13,328 |   |
| GECS                corporate items and eliminations(b)(c)         |                                                                 | 198     |                                                                |   | (199 | ) |   | (38 | ) |   | (47 | ) |
| Less                portion of GE segment profit not               |                                                                 |    |                                                                |   |   |   |   |   |   |   |   |   |
| included                in GECS(a)                                 |                                                                 | (2,504  | )                                                                   |   | (2,224 | ) |   | (7,098 | ) |   | (5,938 | ) |
| Earnings                in GECS from continuing operations         |                                                                 | 3,214   |                                                                |   | 2,521 |   |   | 9,059 |   |   | 7,343 |   |
| Earnings                (loss) in GECS from discontinued           |                                                                 |    |                                                                |   |   |   |   |   |   |   |   |   |
| operations,                net of                taxes             |                                                                 | (1,347  | )                                                                   |   | (9 | ) |   | (2,003 | ) |   | 429 |   |
| Total                net earnings in GECS                          | $                                                                    | 1,867   |                                                                | $      | 2,512 |   | $ | 7,056 |   | $ | 7,772 |   |
|                                                               |                                                                 |    |                                                                |   |   |   |   |   |   |   |   |   |

| (a)  | As                disclosed in GE’s report on Form 8-K filed on October 12, 2007, GE has                concluded that the following policies and practices resulted in revenue                being recorded in incorrect periods. For certain product sales,                principally in the GE Healthcare, GE Infrastructure and GE Industrial                segments, GE recorded revenues upon shipment before risk of loss                for                damage in transit had been transferred to the customer. Separately,                in                GE’s Aviation business, for certain long-term agreements that provide                for                product repair and maintenance services on GE-manufactured aircraft                engines, GE’s accounting procedures were incorrect with respect to the                timing and amount of credits for certain used parts that were refurbished                and reused or resold. We have made appropriate adjustments for these                items                in this report for prior period financial information.  |   |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b)  | Included                the gain on sale of common stock in Swiss Re $0.6 billion pre tax                ($0.3                billion after tax) during the first quarter of 2007.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |
| (c)       | Included                restructuring and other charges for the first nine months of 2007                of $0.2                billion related to the portions of the segment that are financial                services                businesses. Such charges primarily related to business exits at GE                Commercial Finance; portfolio exits at GE Money; and a business exit                at GE                Industrial.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |

----

**GE      Commercial Finance**

|                              | **Three                months ended****September                30** |   | **Nine                months ended****September                30** |   |
|-----------------------------------|----------------------------------------------------------------------|--------|---------------------------------------------------------------------|--------|
| *(In                millions)*    | **2007**                                                             |   | **2006**                                                            |   | **2007** |   | **2006** |   |
|                              |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| **Revenues**                      | $                                                                    | 7,032  |                                                                | $      | 6,006 |   | $ | 19,698 |   | $ | 17,017 |   |
|                              |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| **Segment                profit** | $                                                                    | 1,450  |                                                                | $      | 1,290 |   | $ | 4,121 |   | $ | 3,521 |   |
|                              |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |

|                            | **At**      |    |        |   |         |
|---------------------------------|-------------|---------|-------------|--------|--------------|
| *(In                millions)*  | **9/30/07** |    | **9/30/06** |   | **12/31/06** |   |   |   |   |
|                            |        |    |        |   |         |   |   |   |   |   |   |   |
| **Total                assets** | $           | 275,699 |        | $      | 215,276      |   | $ | 233,536 |   |   |   |   |

|                                    | **Three                months ended****September                30** |   | **Nine                months ended****September                30** |   |
|-----------------------------------------|----------------------------------------------------------------------|--------|---------------------------------------------------------------------|--------|
| * (In                millions)*    | **2007**                                                             |   | **2006**                                                            |   | **2007** |   | **2006** |   |
|                                    |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| **Revenues                in GE**       |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| Capital                Solutions        | $                                                                    | 3,166  |                                                                | $      | 3,101 |   | $ | 9,128 |   | $ | 8,968 |   |
| Real                Estate              |                                                                 | 1,937  |                                                                |   | 1,328 |   |   | 5,109 |   |   | 3,450 |   |
|                                    |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| **Segment                profit in GE** |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| Capital                Solutions        | $                                                                    | 424    |                                                                | $      | 525 |   | $ | 1,258 |   | $ | 1,297 |   |
| Real                Estate              |                                                                 | 640    |                                                                |   | 440 |   |   | 1,680 |   |   | 1,215 |   |

|                                 | **At**      |    |        |   |         |
|--------------------------------------|-------------|---------|-------------|--------|--------------|
| * (In                millions)* | **9/30/07** |    | **9/30/06** |   | **12/31/06** |   |   |   |   |
|                                 |        |    |        |   |         |   |   |   |   |   |   |   |
| **Assets                in GE**      |        |    |        |   |         |   |   |   |   |   |   |   |
| Capital                Solutions     | $           | 113,564 |        | $      | 92,560       |   | $ | 94,523 |   |   |   |   |
| Real                Estate           |        | 72,197  |        |   | 48,525       |   |   | 53,786 |   |   |   |   |

----

**GE      Money**

|                              | **Three                months ended****September                30** |    | **Nine                months ended****September                30** |   |
|-----------------------------------|----------------------------------------------------------------------|---------|---------------------------------------------------------------------|--------|
| *(In                millions)*    | **2007**                                                             |    | **2006**                                                            |   | **2007** |   | **2006** |   |
|                              |                                                                 |    |                                                                |   |   |   |   |   |   |   |   |   |
| **Revenues**                      | $                                                                    | 6,207   |                                                                | $      | 5,064 |   | $ | 18,441 |   | $ | 14,408 |   |
|                              |                                                                 |    |                                                                |   |   |   |   |   |   |   |   |   |
| **Segment                profit** | $                                                                    | 942     |                                                                | $      | 830 |   | $ | 3,323 |   | $ | 2,369 |   |
|                              |                                                                 |    |                                                                |   |   |   |   |   |   |   |   |   |
|                              |                                                                 |    |                                                                |   |   |   |   |   |   |   |   |   |
|                              | **At**                                                               |    |                                                                |   |   |
| *(In                millions)*    | **9/30/07**                                                          |    | **9/30/06**                                                         |   | **12/31/06** |   |   |   |   |
|                              |                                                                 |    |                                                                |   |   |   |   |   |   |   |   |   |
| **Total                assets**   | $                                                                    | 198,519 |                                                                | $      | 165,319 |   | $ | 179,284 |   |   |   |   |

----

**GE      Industrial**

|                                                              | **Three                months ended****September                30** |   | **Nine                months ended****September                30** |   |
|-------------------------------------------------------------------|----------------------------------------------------------------------|--------|---------------------------------------------------------------------|--------|
| * (In                millions)*                              | **2007**                                                             |   | **2006**                                                            |   | **2007** |   | **2006** |   |
|                                                              |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| **Revenues**                                                      | $                                                                    | 6,229  |                                                                | $      | 6,256 |   | $ | 18,285 |   | $ | 18,696 |   |
| Less                portion of GE Industrial not included in GECS |                                                                 | (4,462 | )                                                                   |   | (4,408 | ) |   | (13,015 | ) |   | (13,417 | ) |
| Total                revenues in                GECS              | $                                                                    | 1,767  |                                                                | $      | 1,848 |   | $ | 5,270 |   | $ | 5,279 |   |
|                                                              |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| **Segment                profit**                                 | $                                                                    | 513    |                                                                | $      | 485 |   | $ | 1,365 |   | $ | 1,307 |   |
| Less                portion of GE Industrial not included in GECS |                                                                 | (429   | )                                                                   |   | (394 | ) |   | (1,208 | ) |   | (1,140 | ) |
| Total                segment profit in                GECS        | $                                                                    | 84     |                                                                | $      | 91 |   | $ | 157 |   | $ | 167 |   |
|                                                              |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| **Revenues                in GE**                                 |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| Consumer&                Industrial                           | $                                                                    | 3,323  |                                                                | $      | 3,421 |   | $ | 9,825 |   | $ | 10,586 |   |
| Enterprise                Solutions(a)                            |                                                                 | 2,656  |                                                                |   | 2,577 |   |   | 7,662 |   |   | 7,399 |   |
|                                                              |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| **Segment                profit in GE**                           |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| Consumer&                Industrial                           | $                                                                    | 251    |                                                                | $      | 235 |   | $ | 784 |   | $ | 720 |   |
| Enterprise                Solutions(a)                            |                                                                 | 287    |                                                                |   | 238 |   |   | 640 |   |   | 576 |   |
|                                                              |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |

| (a)  | During                the third quarter of 2007, we began reporting a new sub-segment business,                Enterprise Solutions, comprising Security, Sensing & Inspection,                Fanuc, Digital Energy and, on an after-tax basis, certain Equipment                Services’ businesses.  |   |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|

----

**GE      Infrastructure**

|                                                       | **Three                months ended****September                30** |    | **Nine                months ended****September                30** |   |
|------------------------------------------------------------|----------------------------------------------------------------------|---------|---------------------------------------------------------------------|--------|
| * (In                millions)*                       | **2007**                                                             |    | **2006**                                                            |   | **2007** |   | **2006** |   |
|                                                       |                                                                 |    |                                                                |   |   |   |   |   |   |   |   |   |
| **Revenues**                                               | $                                                                    | 14,451  |                                                                | $      | 12,113 |   | $ | 40,587 |   | $ | 33,578 |   |
| Less                portion of GE Infrastructure not       |                                                                 |    |                                                                |   |   |   |   |   |   |   |   |   |
| included                in GECS                            |                                                                 | (12,424 | )                                                                   |   | (10,478 | ) |   | (35,354 | ) |   | (29,255 | ) |
| Total                revenues in                GECS       | $                                                                    | 2,027   |                                                                | $      | 1,635 |   | $ | 5,233 |   | $ | 4,323 |   |
|                                                       |                                                                 |    |                                                                |   |   |   |   |   |   |   |   |   |
| **Segment                profit**                          | $                                                                    | 2,615   |                                                                | $      | 2,339 |   | $ | 7,386 |   | $ | 6,131 |   |
| Less                portion of GE Infrastructure not       |                                                                 |    |                                                                |   |   |   |   |   |   |   |   |   |
| included                in GECS                            |                                                                 | (2,075  | )                                                                   |   | (1,830 | ) |   | (5,890 | ) |   | (4,798 | ) |
| Total                segment profit in                GECS | $                                                                    | 540     |                                                                | $      | 509 |   | $ | 1,496 |   | $ | 1,333 |   |
|                                                       |                                                                 |    |                                                                |   |   |   |   |   |   |   |   |   |
| **Revenues                in GE**                          |                                                                 |    |                                                                |   |   |   |   |   |   |   |   |   |
| Aviation                                                   | $                                                                    | 4,240   |                                                                | $      | 3,133 |   | $ | 11,770 |   | $ | 9,430 |   |
| Aviation                Financial                Services  |                                                                 | 1,134   |                                                                |   | 1,075 |   |   | 3,471 |   |   | 2,990 |   |
| Energy                                                     |                                                                 | 5,205   |                                                                |   | 5,078 |   |   | 15,067 |   |   | 13,360 |   |
| Energy                Financial                Services    |                                                                 | 832     |                                                                |   | 524 |   |   | 1,573 |   |   | 1,189 |   |
| Oil&Gas                                                |                                                                 | 1,699   |                                                                |   | 1,033 |   |   | 4,668 |   |   | 2,901 |   |
| Transportation                                             |                                                                 | 1,109   |                                                                |   | 1,017 |   |   | 3,344 |   |   | 3,041 |   |
|                                                       |                                                                 |    |                                                                |   |   |   |   |   |   |   |   |   |
| **Segment                profit in GE**                    |                                                                 |    |                                                                |   |   |   |   |   |   |   |   |   |
| Aviation                                                   | $                                                                    | 736     |                                                                | $      | 689 |   | $ | 2,263 |   | $ | 2,044 |   |
| Aviation                Financial                Services  |                                                                 | 256     |                                                                |   | 261 |   |   | 910 |   |   | 777 |   |
| Energy                                                     |                                                                 | 823     |                                                                |   | 761 |   |   | 2,407 |   |   | 1,877 |   |
| Energy                Financial                Services    |                                                                 | 266     |                                                                |   | 234 |   |   | 536 |   |   | 497 |   |
| Oil&Gas                                                |                                                                 | 237     |                                                                |   | 163 |   |   | 528 |   |   | 327 |   |
| Transportation                                             |                                                                 | 253     |                                                                |   | 196 |   |   | 684 |   |   | 565 |   |

----

**Discontinued      Operations**

|                                                     | **Three                months ended****September                30** |   | **Nine                months ended****September                30** |   |
|----------------------------------------------------------|----------------------------------------------------------------------|--------|---------------------------------------------------------------------|--------|
| * (In                millions)*                     | **2007**                                                             |   | **2006**                                                            |   | **2007** |   | **2006** |   |
|                                                     |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| Earnings                (loss) in GECS from discontinued |                                                                 |   |                                                                |   |   |   |   |   |   |   |   |   |
| operations,                net of                taxes   | $                                                                    | (1,347 | )                                                                   | $      | (9 | ) | $ | (2,003 | ) | $ | 429 |   |

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**B.      Statement of Financial Position**

**Overview      of Financial Position**

| ·   | During                the third quarter of 2007, we have separately reported the assets                and                liabilities of Lake and WMC as discontinued operations for all periods                presented. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | During                the first nine months of 2007, we completed the acquisitions of Sanyo                Electric Credit Co., Ltd.; DISKO and ASL, the leasing businesses                of KG                Allgemeine Leasing GmbH & Co.; Trustreet Properties, Inc.; Dundee                REIT; Crow Holdings; and a controlling interest in Regency Energy                Partners                LP. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The                U.S. dollar was weaker at September 30, 2007, than at December 31,                2006,                increasing the translated levels of our non-U.S. dollar assets and                liabilities. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Investment      securities **
*Accounting      for Certain Hybrid Financial Instruments*

**Financing      receivables **

----

|                                 | **Delinquency                rates at** |    |
|--------------------------------------|-----------------------------------------|---------|
|                                 | **9/30/07**                             | **(a)** | **12/31/06** |   | **9/30/06** |   |
|                                 |                                    |    |   |   |   |   |
| GE                Commercial Finance | 1.35                                    | %       | 1.22 | % | 1.33 | % |
| GE                Money              | 5.24                                    |    | 5.21 |   | 5.33 |   |
|                                 |                                    |    |   |   |   |   |

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

**C.      Debt Instruments**

**D.      New Accounting Standard**

*Fair Value Measurements*

----

**Item      4. Controls and Procedures**

**Part      II. Other Information**

**Item      1. Legal Proceedings**

| ·   | For                certain product sales, principally in the GE Healthcare, GE Infrastructure                and GE Industrial segments, GE recorded revenues upon shipment before                risk                of loss from in-transit damage had been transferred to the customer.                In                connection with such product sales, GE failed to appropriately assess                the                accounting for transit risk of loss and transit insurance issues                and to                implement and monitor procedures to provide assurance that contract                terms                and customer accommodation practices complied with its revenue recognition                policies. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | In                GE’s Aviation business, for certain long-term agreements that provide                for                product repair and maintenance services on GE-manufactured aircraft                engines, GE’s accounting was incorrect with respect to the timing and                amount of credits for certain used parts that were refurbished and                reused                or resold. GE’s associated routines and controls failed to prevent or                detect these errors. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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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     | Financial                Measures that Supplement Generally Accepted Accounting                Principles.*                                                                                    |
|   |                               | *                Filed electronically herewith.                                                                                                                                                |

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**Signatures**

| General                Electric Capital Services, Inc.(Registrant)    |
|--------------------------------------------------------------------------------------|
| November                2, 2007                                                      |   | /s/                Philip D. Ameen |   |
| Date                                                                                 |   | Philip                D. AmeenSenior                Vice President and ControllerDuly                Authorized Officer and Principal Accounting                Officer |

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