UNITED STATES SECURITIES AND EXCHANGE COMMISSION

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

| (MarkOne)                                                                                           |                                                                                              |   |   |   |
|-----------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------|--------|--------|--------|
| þ                                                                                              | QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF                                          |
|                                                                                                | THE      SECURITIES EXCHANGE ACT OF 1934                                                          |
|                                                                                                |
| For      the quarterly period ended June      30, 2009                                              |
| OR                                                                                                  |
| ¨                                                                                              | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OFTHE      SECURITIES EXCHANGE ACT OF 1934 |
|                                                                                                |
| For      the transition period from ___________to ___________                                       |
| _____________________________ Commission      file number 1-6461_____________________________  |
|                                                                                                |
| GENERAL ELECTRIC CAPITAL      CORPORATION(Exact      name of registrant as specified in itscharter) |

| Delaware                                                            |   | 13-1500700                                |
|---------------------------------------------------------------------|--------|-------------------------------------------|
| (State      or other jurisdiction of incorporation or organization) |   | (I.R.S.      Employer Identification No.) |
|                                                                |   |                                      |
| 3135      Easton Turnpike, Fairfield, Connecticut                   |   | 06828-0001                                |
| (Address      of principal executive offices)                       |   | (Zip      Code)                           |

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

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| Part      I – Financial Information |                                                                                                  | Page   |
|-------------------------------------------|-------------------------------------------------------------------------------------------------------|--------|
|                                      |                                                                                                  |   |   |
| Item      1.                              | Financial      Statements                                                                             |   | 3 |
|                                      | 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 |   | 39 |
| Item      3.                              | Quantitative      and Qualitative Disclosures About Market Risk                                       |   | 60 |
| Item      4.                              | Controls      and Procedures                                                                          |   | 60 |
|                                      |                                                                                                  |   |   |
| Part      II – Other Information    |                                                                                                  |   |
|                                      |                                                                                                  |   |   |
| Item      6.                              | Exhibits                                                                                              |   | 60 |
| Signatures                                |                                                                                                  | 61     |

----

|                                                            | Three      months endedJune      30 |    | Six      months endedJune      30 |   |
|-----------------------------------------------------------------|-------------------------------------|---------|-----------------------------------|--------|
| (In      millions)                                              | 2009                                |    | 2008                              |   | 2009 |   | 2008 |   |
|                                                            |                                |    |                              |   |   |   |   |   |   |   |   |   |
| Revenues                                                        |                                |    |                              |   |   |   |   |   |   |   |   |   |
| Revenues      from services (Note 9)                            | $                                   | 12,357  |                              | $      | 17,621 |   | $ | 25,693 |   | $ | 34,377 |   |
| Sales      of goods                                             |                                | 205     |                              |   | 528 |   |   | 478 |   |   | 895 |   |
| Total revenues                                                  |                                | 12,562  |                              |   | 18,149 |   |   | 26,171 |   |   | 35,272 |   |
|                                                            |                                |    |                              |   |   |   |   |   |   |   |   |   |
| Costs      and expenses                                         |                                |    |                              |   |   |   |   |   |   |   |   |   |
| Interest                                                        |                                | 4,436   |                              |   | 6,267 |   |   | 9,526 |   |   | 12,346 |   |
| Operating      and administrative                               |                                | 3,454   |                              |   | 4,834 |   |   | 7,312 |   |   | 9,366 |   |
| Cost      of goods sold                                         |                                | 164     |                              |   | 461 |   |   | 388 |   |   | 778 |   |
| Investment      contracts, insurance losses and                 |                                |    |                              |   |   |   |   |   |   |   |   |   |
| insurance annuity      benefits                                 |                                | 45      |                              |   | 122 |   |   | 118 |   |   | 265 |   |
| Provision      for losses on financing receivables              |                                | 2,815   |                              |   | 1,470 |   |   | 5,137 |   |   | 2,803 |   |
| Depreciation      and amortization                              |                                | 1,939   |                              |   | 2,136 |   |   | 4,112 |   |   | 4,257 |   |
| Total costs and      expenses                                   |                                | 12,853  |                              |   | 15,290 |   |   | 26,593 |   |   | 29,815 |   |
|                                                            |                                |    |                              |   |   |   |   |   |   |   |   |   |
| Earnings      (loss) from continuing operations before          |                                |    |                              |   |   |   |   |   |   |   |   |   |
| income taxes                                                    |                                | (291    | )                                 |   | 2,859 |   |   | (422 | ) |   | 5,457 |   |
| Benefit      (provision) for income taxes                       |                                | 695     |                              |   | (46 | ) |   | 1,850 |   |   | (127 | ) |
|                                                            |                                |    |                              |   |   |   |   |   |   |   |   |   |
| Earnings      from continuing operations                        |                                | 404     |                              |   | 2,813 |   |   | 1,428 |   |   | 5,330 |   |
| Loss      from discontinued operations, net of taxes (Note 2)   |                                | (194    | )                                 |   | (336 | ) |   | (197 | ) |   | (382 | ) |
| Net      earnings                                               |                                | 210     |                              |   | 2,477 |   |   | 1,231 |   |   | 4,948 |   |
| Less      net earnings attributable to noncontrolling interests |                                | 29      |                              |   | 63 |   |   | 79 |   |   | 99 |   |
| Net      earnings attributable to GECC                          |                                | 181     |                              |   | 2,414 |   |   | 1,152 |   |   | 4,849 |   |
| Dividends                                                       |                                | − |                              |   | (889 | ) |   | − |   |   | (2,019 | ) |
| Retained      earnings at beginning of period(a)                |                                | 46,468  |                              |   | 41,818 |   |   | 45,497 |   |   | 40,513 |   |
| Retained      earnings at end of period                         | $                                   | 46,649  |                              | $      | 43,343 |   | $ | 46,649 |   | $ | 43,343 |   |
|                                                            |                                |    |                              |   |   |   |   |   |   |   |   |   |
| Amounts      attributable to GECC                               |                                |    |                              |   |   |   |   |   |   |   |   |   |
| Earnings      from continuing operations                        | $                                   | 375     |                              | $      | 2,750 |   | $ | 1,349 |   | $ | 5,231 |   |
| Loss      from discontinued operations, net of taxes            |                                | (194    | )                                 |   | (336 | ) |   | (197 | ) |   | (382 | ) |
| Net      earnings attributable to GECC                          | $                                   | 181     |                              | $      | 2,414 |   | $ | 1,152 |   | $ | 4,849 |   |
|                                                            |                                |    |                              |   |   |   |   |   |   |   |   |   |

| (a)    | Included      a cumulative effect adjustment to increase retained earnings by $25      million in 2009. |   |   |
|--------|---------------------------------------------------------------------------------------------------------|--------|--------|
|   |                                                                                                    |   |
|   | See      Note 3 for other-than-temporary impairment amounts.                                            |   |
|   | See      accompanying notes.                                                                            |   |

----

Position

| (In      millions)                                                                   | June      30,2009 |    | December      31,2008 |   |
|--------------------------------------------------------------------------------------|-------------------|---------|-----------------------|--------|
|                                                                                 | (Unaudited)       |    |                  |   |
| Assets                                                                               |              |    |                  |   |   |   |
| Cash      and equivalents                                                            | $                 | 49,141  |                  | $      | 36,430 |   |
| Investment      securities (Note 3)                                                  |              | 20,817  |                  |   | 19,318 |   |
| Inventories                                                                          |              | 73      |                  |   | 77 |   |
| Financing      receivables – net (Note 4)                                      |              | 358,006 |                  |   | 370,592 |   |
| Other      receivables                                                               |              | 21,784  |                  |   | 22,175 |   |
| Property,      plant and equipment, less accumulated amortization of    $26,315      |              |    |                  |   |   |   |
| and $29,026                                                                          |              | 58,618  |                  |   | 64,043 |   |
| Goodwill      (Note 5)                                                               |              | 27,160  |                  |   | 25,204 |   |
| Other      intangible assets – net (Note 5)                                    |              | 3,541   |                  |   | 3,174 |   |
| Other      assets                                                                    |              | 84,849  |                  |   | 84,201 |   |
| Assets      of businesses held for sale                                              |              | 232     |                  |   | 10,556 |   |
| Assets      of discontinued operations (Note 2)                                      |              | 1,462   |                  |   | 1,640 |   |
| Total      assets                                                                    | $                 | 625,683 |                  | $      | 637,410 |   |
|                                                                                 |              |    |                  |   |   |   |
| Liabilities      and equity                                                          |              |    |                  |   |   |   |
| Short-term      borrowings (Note 6)                                                  | $                 | 168,029 |                  | $      | 188,601 |   |
| Accounts      payable                                                                |              | 13,184  |                  |   | 14,863 |   |
| Long-term      borrowings (Note 6)                                                   |              | 330,067 |                  |   | 321,755 |   |
| Investment      contracts, insurance liabilities and insurance annuity      benefits |              | 9,526   |                  |   | 11,403 |   |
| Other      liabilities                                                               |              | 24,058  |                  |   | 30,629 |   |
| Deferred      income taxes                                                           |              | 5,961   |                  |   | 8,112 |   |
| Liabilities      of businesses held for sale                                         |              | 196     |                  |   | 636 |   |
| Liabilities      of discontinued operations (Note 2)                                 |              | 913     |                  |   | 799 |   |
| Total      liabilities                                                               |              | 551,934 |                  |   | 576,798 |   |
|                                                                                 |              |    |                  |   |   |   |
| Capital      stock                                                                   |              | 56      |                  |   | 56 |   |
| Accumulated other comprehensive      income – net(a)                           |              |    |                  |   |   |   |
| Investment      securities                                                           |              | (1,497  | )                     |   | (2,013 | ) |
| Currency translation      adjustments                                                |              | 370     |                  |   | (1,337 | ) |
| Cash flow hedges                                                                     |              | (1,937  | )                     |   | (3,253 | ) |
| Benefit plans                                                                        |              | (376    | )                     |   | (367 | ) |
| Additional      paid-in capital                                                      |              | 28,419  |                  |   | 19,671 |   |
| Retained      earnings                                                               |              | 46,649  |                  |   | 45,472 |   |
| Total      GECC shareowner’s equity                                            |              | 71,684  |                  |   | 58,229 |   |
| Noncontrolling      interests(b)                                                     |              | 2,065   |                  |   | 2,383 |   |
| Total      equity                                                                    |              | 73,749  |                  |   | 60,612 |   |
| Total      liabilities and equity                                                    | $                 | 625,683 |                  | $      | 637,410 |   |
|                                                                                 |              |    |                  |   |   |   |

| (a) | The      sum of accumulated other comprehensive income − net was      $(3,440) million and $(6,970) million at June 30, 2009 and December 31,      2008, respectively.                       |   |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | Included      accumulated other comprehensive income attributable to noncontrolling      interests of $(120) million and $(181) million at June 30, 2009 and      December 31, 2008, respectively. |   |

----

|                                                                              | Six      months endedJune      30 |     |
|-----------------------------------------------------------------------------------|-----------------------------------|----------|
| (In      millions)                                                                | 2009                              |     | 2008 |   |
|                                                                              |                              |     |   |   |   |   |
| Cash      flows – operating activities                                      |                              |     |   |   |   |   |
| Net      earnings attributable to GECC                                            | $                                 | 1,152    |   | $ | 4,849 |   |
| Loss      from discontinued operations                                            |                              | 197      |   |   | 382 |   |
| Adjustments      to reconcile net earnings attributable to GECC                   |                              |     |   |   |   |   |
| to cash provided from operating      activities                                   |                              |     |   |   |   |   |
| Depreciation and amortization      of property, plant and equipment               |                              | 4,112    |   |   | 4,257 |   |
| Increase (decrease) in accounts      payable                                      |                              | (1,789   | ) |   | 1,949 |   |
| Provision for losses on      financing receivables                                |                              | 5,137    |   |   | 2,803 |   |
| All other operating      activities                                               |                              | (11,484  | ) |   | (1,851 | ) |
| Cash      from (used for) operating activities – continuing    operations   |                              | (2,675   | ) |   | 12,389 |   |
| Cash      from (used for) operating activities – discontinued    operations |                              | (26      | ) |   | 474 |   |
| Cash      from (used for) operating activities                                    |                              | (2,701   | ) |   | 12,863 |   |
|                                                                              |                              |     |   |   |   |   |
| Cash      flows – investing activities                                      |                              |     |   |   |   |   |
| Additions      to property, plant and equipment                                   |                              | (3,269   | ) |   | (6,519 | ) |
| Dispositions      of property, plant and equipment                                |                              | 2,631    |   |   | 5,332 |   |
| Increase      in loans to customers                                               |                              | (114,353 | ) |   | (191,176 | ) |
| Principal      collections from customers – loans                           |                              | 132,489  |   |   | 165,348 |   |
| Investment      in equipment for financing leases                                 |                              | (4,609   | ) |   | (13,460 | ) |
| Principal      collections from customers – financing leases                |                              | 9,818    |   |   | 12,098 |   |
| Net      change in credit card receivables                                        |                              | 2,046    |   |   | (468 | ) |
| Proceeds      from principal business dispositions                                |                              | 8,846    |   |   | 4,422 |   |
| Payments      for principal businesses purchased                                  |                              | (5,637   | ) |   | (12,762 | ) |
| All      other investing activities                                               |                              | 2,928    |   |   | (1,638 | ) |
| Cash      from (used for) investing activities – continuing    operations   |                              | 30,890   |   |   | (38,823 | ) |
| Cash      from (used for) investing activities – discontinued    operations |                              | 30       |   |   | (438 | ) |
| Cash      from (used for) investing activities                                    |                              | 30,920   |   |   | (39,261 | ) |
|                                                                              |                              |     |   |   |   |   |
| Cash      flows – financing activities                                      |                              |     |   |   |   |   |
| Net      increase (decrease) in borrowings (maturities of 90 days or      less)   |                              | (34,239  | ) |   | 8,395 |   |
| Newly      issued debt                                                            |                              |     |   |   |   |   |
| Short-term (91 to 365      days)                                                  |                              | 2,804    |   |   | 313 |   |
| Long-term (longer than one      year)                                             |                              | 47,792   |   |   | 61,026 |   |
| Non-recourse, leveraged      lease                                                |                              | −  |   |   | 57 |   |
| Repayments      and other debt reductions                                         |                              |     |   |   |   |   |
| Short-term (91 to 365      days)                                                  |                              | (35,656  | ) |   | (33,251 | ) |
| Long-term (longer than one      year)                                             |                              | (2,866   | ) |   | (859 | ) |
| Non-recourse, leveraged      lease                                                |                              | (470     | ) |   | (429 | ) |
| Dividends      paid to shareowner                                                 |                              | −  |   |   | (2,019 | ) |
| Capital      contribution and share issuance                                      |                              | 8,750    |   |   | − |   |
| All      other financing activities                                               |                              | (1,619   | ) |   | 95 |   |
| Cash      from (used for) financing activities – continuing    operations   |                              | (15,504  | ) |   | 33,328 |   |
| Cash      used for financing activities – discontinued operations           |                              | −  |   |   | (3 | ) |
| Cash      from (used for) financing activities                                    |                              | (15,504  | ) |   | 33,325 |   |
|                                                                              |                              |     |   |   |   |   |
| Increase      in cash and equivalents                                             |                              | 12,715   |   |   | 6,927 |   |
| Cash      and equivalents at beginning of year                                    |                              | 36,610   |   |   | 8,907 |   |
| Cash      and equivalents at June 30                                              |                              | 49,325   |   |   | 15,834 |   |
| Less      cash and equivalents of discontinued operations at June 30              |                              | 184      |   |   | 333 |   |
| Cash      and equivalents of continuing operations at June 30                     | $                                 | 49,141   |   | $ | 15,501 |   |
|                                                                              |                              |     |   |   |   |   |

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

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

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

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

----

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

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

----

----

|                                                       | Three      months ended June 30 |   | Six      months ended June 30 |   |
|------------------------------------------------------------|---------------------------------|--------|-------------------------------|--------|
| (In      millions)                                         |                            | 2009   |                          |   | 2008 |   |   | 2009 |   |   | 2008 |   |
|                                                       |                            |   |                          |   |   |   |   |   |   |   |   |   |
| Operations                                                 |                            |   |                          |   |   |   |   |   |   |   |   |   |
| Total      revenues                                        | $                               | (2     | )                             | $      | 199 |   | $ | (8 | ) | $ | 494 |   |
|                                                       |                            |   |                          |   |   |   |   |   |   |   |   |   |
| Loss      from discontinued operations before income taxes | $                               | (101   | )                             | $      | (204 | ) | $ | (112 | ) | $ | (282 | ) |
| Income      tax benefit                                    |                            | 38     |                          |   | 101 |   |   | 42 |   |   | 133 |   |
| Loss      from discontinued operations, net of taxes       | $                               | (63    | )                             | $      | (103 | ) | $ | (70 | ) | $ | (149 | ) |
|                                                       |                            |   |                          |   |   |   |   |   |   |   |   |   |
| Disposal                                                   |                            |   |                          |   |   |   |   |   |   |   |   |   |
| Loss      on disposal before income taxes                  | $                               | (130   | )                             | $      | (224 | ) | $ | (123 | ) | $ | (224 | ) |
| Income      tax expense                                    |                            | (1     | )                             |   | (9 | ) |   | (4 | ) |   | (9 | ) |
| Loss      on disposal, net of taxes                        | $                               | (131   | )                             | $      | (233 | ) | $ | (127 | ) | $ | (233 | ) |
|                                                       |                            |   |                          |   |   |   |   |   |   |   |   |   |
| Loss      from discontinued operations, net of taxes       | $                               | (194   | )                             | $      | (336 | ) | $ | (197 | ) | $ | (382 | ) |

|                                   | At                |   |
|----------------------------------------|-------------------|--------|
| (In      millions)                     | June      30,2009 |   | December      31,2008 |   |
|                                   |              |   |   |   |   |   |
| Assets                                 |              |   |   |   |   |   |
| Cash      and equivalents              | $                 | 184    |   | $ | 180 |   |
| Other      assets                      |              | 13     |   |   | 19 |   |
| Other                                  |              | 1,265  |   |   | 1,441 |   |
| Assets      of discontinued operations | $                 | 1,462  |   | $ | 1,640 |   |

|                                        | At                |   |
|---------------------------------------------|-------------------|--------|
| (In      millions)                          | June      30,2009 |   | December      31,2008 |   |
|                                        |              |   |   |   |   |   |
| Liabilities                                 |              |   |   |   |   |   |
| Liabilities      of discontinued operations | $                 | 913    |   | $ | 799 |   |

----

|                                    | At                 |
|-----------------------------------------|--------------------|
|                                    | June      30, 2009 |   | December      31, 2008 |
|                                    |               |   | Gross |   | Gross |   |   |   |   |   | Gross |   | Gross |   |   |
|                                    | Amortized          |   | unrealized |   | unrealized |   | Estimated |   | Amortized |   | unrealized |   | unrealized |   | Estimated |
| (In      millions)                      | cost               |   | gains |   | losses |   | fair      value |   | cost |   | gains |   | losses |   | fair      value |
|                                    |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt                                    |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| U.S. corporate                          | $                  | 3,927 |   | $ | 53 |   | $ | (514 | ) | $ | 3,466 |   | $ | 4,456 |   | $ | 54 |   | $ | (637 | ) | $ | 3,873 |
| State andmunicipal                      |               | 1,204 |   |   |  4 |   |   |  (216 | ) |   |  992 |   |   | 915 |   |   | 5 |   |   | (70 | ) |   | 850 |
| Residential mortgage-backed(a)          |               | 3,526 |   |   |  20 |   |   | (994 | ) |   | 2,552 |   |   | 4,228 |   |   | 9 |   |   | (976 | ) |   | 3,261 |
| Commercial      mortgage-backed         |               | 1,649 |   |   |  − |   |   |  (487 | ) |   |  1,162 |   |   | 1,664 |   |   | − |   |   | (509 | ) |   | 1,155 |
| Asset-backed                            |               | 2,920 |   |   | 25 |   |   |  (345 | ) |   |  2,600 |   |   | 2,922 |   |   | 2 |   |   | (668 | ) |   | 2,256 |
| Corporate –    non-U.S.           |               | 707 |   |   |  14 |   |   | (48 | ) |   |  673 |   |   | 608 |   |   | 6 |   |   | (23 | ) |   | 591 |
| Government –    non-U.S.          |               | 1,490 |   |   |  6 |   |   |  (20 | ) |   |  1,476 |   |   | 936 |   |   | 2 |   |   | (15 | ) |   | 923 |
| U.S. government and federal      agency |               | 71 |   |   |  2 |   |   |  − |   |   |  73 |   |   | 26 |   |   | 3 |   |   | − |   |   | 29 |
| Retained      interests(b)(c)           |               | 6,154 |   |   | 167 |   |   |  (62 | ) |   |  6,259 |   |   | 5,144 |   |   | 73 |   |   | (136 | ) |   | 5,081 |
| Equity                                  |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Available-for-sale                      |               | 867 |   |   | 78 |   |   |  (25 | ) |   | 920 |   |   | 1,023 |   |   | 22 |   |   | (134 | ) |   | 911 |
| Trading                                 |               | 644 |   |   |  − |   |   |  − |   |   |  644 |   |   | 388 |   |   | − |   |   | − |   |   | 388 |
| Total                                   | $                  | 23,159 |   | $ | 369 |   | $ | (2,711 | ) | $ | 20,817 |   | $ | 22,310 |   | $ | 176 |   | $ | (3,168 | ) | $ | 19,318 |
|                                    |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a) | Substantially      collateralized by U.S. mortgages.                                                                                                                                                                                                   |   |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | Included      $1,861 million and $1,752 million of retained interests at June 30, 2009      and December 31, 2008, respectively, accounted for in accordance with SFAS      155, Accounting for      Certain Hybrid Financial Instruments. See Note12. |   |
| (c) | Amortized      cost and estimated fair value included $5 million of trading securities at      June 30, 2009.                                                                                                                                          |   |

----

|                                    | In      loss position for |    |
|-----------------------------------------|---------------------------|---------|
|                                    | Less      than 12 months  |    | 12      months or more |   |
| (In      millions)                      | Estimatedfair      value  |    | Grossunrealizedlosses |   | Estimatedfair      value |   | Grossunrealizedlosses |   |
|                                    |                      |    |   |   |   |   |   |   |   |   |   |   |
| June      30, 2009                      |                      |    |   |   |   |   |   |   |   |   |   |   |
| Debt                                    |                      |    |   |   |   |   |   |   |   |   |   |   |
| U.S. corporate                          | $                         | 478     |   | $ | (44 | ) | $ | 1,474 |   | $ | (470 | ) |
| State and    municipal                  |                      | 318     |   |   | (135 | ) |   | 283 |   |   | (81 | ) |
| Residential      mortgage-backed        |                      | 126     |   |   | (39 | ) |   | 1,713 |   |   | (955 | ) |
| Commercial      mortgage-backed         |                      | − |   |   | − |   |   | 1,155 |   |   | (487 | ) |
| Asset-backed                            |                      | 65      |   |   | (7 | ) |   | 1,369 |   |   | (338 | ) |
| Corporate –    non-U.S.           |                      | 198     |   |   | (27 | ) |   | 260 |   |   | (21 | ) |
| Government –      non-U.S.        |                      | 447     |   |   | (3 | ) |   | 280 |   |   | (17 | ) |
| U.S. government and federal      agency |                      | − |   |   | − |   |   | − |   |   | − |   |
| Retained      interests                 |                      | 204     |   |   | (5 | ) |   | 182 |   |   | (57 | ) |
| Equity                                  |                      | 91      |   |   | (23 | ) |   | 5 |   |   | (2 | ) |
| Total                                   | $                         | 1,927   |   | $ | (283 | ) | $ | 6,721 |   | $ | (2,428 | ) |
|                                    |                      |    |   |   |   |   |   |   |   |   |   |   |
| December      31, 2008                  |                      |    |   |   |   |   |   |   |   |   |   |   |
| Debt                                    |                      |    |   |   |   |   |   |   |   |   |   |   |
| U.S. corporate                          | $                         | 1,152   |   | $ | (397 | ) | $ | 1,253 |   | $ | (240 | ) |
| State and    municipal                  |                      | 302     |   |   | (21 | ) |   | 278 |   |   | (49 | ) |
| Residential      mortgage-backed        |                      | 1,216   |   |   | (64 | ) |   | 1,534 |   |   | (912 | ) |
| Commercial      mortgage-backed         |                      | 285     |   |   | (85 | ) |   | 870 |   |   | (424 | ) |
| Asset-backed                            |                      | 903     |   |   | (406 | ) |   | 1,031 |   |   | (262 | ) |
| Corporate –    non-U.S.           |                      | 60      |   |   | (7 | ) |   | 265 |   |   | (16 | ) |
| Government –      non-U.S.        |                      | − |   |   | − |   |   | 275 |   |   | (15 | ) |
| U.S. government and federal      agency |                      | − |   |   | − |   |   | − |   |   | − |   |
| Retained      interests                 |                      | 1,246   |   |   | (61 | ) |   | 238 |   |   | (75 | ) |
| Equity                                  |                      | 200     |   |   | (132 | ) |   | 6 |   |   | (2 | ) |
| Total                                   | $                         | 5,364   |   | $ | (1,173 | ) | $ | 5,750 |   | $ | (1,995 | ) |
|                                    |                      |    |   |   |   |   |   |   |   |   |   |   |

----

|                               | Three      months ended June 30 |   | Six      months ended June 30 |   |
|------------------------------------|---------------------------------|--------|-------------------------------|--------|
| (In      millions)                 |                            | 2009   |                          |   | 2008 |   |   | 2009 |   |   | 2008 |   |
|                               |                            |   |                          |   |   |   |   |   |   |   |   |   |
| Gains                              | $                               | 19     |                          | $      | 55 |   | $ | 27 |   | $ | 107 |   |
| Losses,      including impairments |                            | (58    | )                             |   | (62 | ) |   | (204 | ) |   | (100 | ) |
| Net                                | $                               | (39    | )                             | $      | (7 | ) | $ | (177 | ) | $ | 7 |   |

----

|                                                        | At                |
|-------------------------------------------------------------|-------------------|
| (In      millions)                                          | June      30,2009 |   | December      31,2008 |
|                                                        |              |   |   |   |   |   |
| Loans,      net of deferred income                          | $                 | 305,003 |   | $ | 308,821 |   |
| Investment      in financing leases, net of deferred income |              | 59,593 |   |   | 67,077 |   |
|                                                        |              | 364.596 |   |   | 375,898 |   |
| Less      allowance for losses                              |              | (6,590 | ) |   | (5,306 | ) |
| Financing      receivables – net(a)                   | $                 | 358,006 |   | $ | 370,592 |   |
|                                                        |              |   |   |   |   |   |

| (a) | Included      $4,967 million and $6,461 million related to consolidated, liquidating      securitization entities at June 30, 2009 and December 31, 2008,      respectively. In addition, financing receivables at June 30, 2009 and      December 31, 2008 included $3,011 million and $2,736 million,      respectively, relating to loans that had been acquired and accounted for      in accordance with SOP 03-3, Accounting for Certain Loans      or Debt Securities Acquired in a Transfer. |   |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|

----

|                                           | At                |
|------------------------------------------------|-------------------|
| (In      millions)                             | June      30,2009 |   | December      31,2008 |
|                                           |              |   |   |   |   |   |
| CLL(a)                                         |              |   |   |   |   |   |
| Americas                                       | $                 | 96,352 |   | $ | 104,462 |   |
| Europe                                         |              | 40,549 |   |   | 36,972 |   |
| Asia                                           |              | 14,057 |   |   | 16,683 |   |
| Other                                          |              | 751 |   |   | 786 |   |
|                                           |              | 151,709 |   |   | 158,903 |   |
| Consumer(a)                                    |              |   |   |   |   |   |
| Non-U.S.      residential mortgages(b)         |              | 62,587 |   |   | 60,753 |   |
| Non-U.S.      installment and revolving credit |              | 25,485 |   |   | 24,441 |   |
| U.S.      installment and revolving credit     |              | 23,939 |   |   | 27,645 |   |
| Non-U.S.      auto                             |              | 14,853 |   |   | 18,168 |   |
| Other                                          |              | 13,218 |   |   | 11,541 |   |
|                                           |              | 140,082 |   |   | 142,548 |   |
|                                           |              |   |   |   |   |   |
| Real      Estate                               |              | 46,018 |   |   | 46,735 |   |
|                                           |              |   |   |   |   |   |
| Energy      Financial Services                 |              | 8,471 |   |   | 8,355 |   |
|                                           |              |   |   |   |   |   |
| GECAS(c)                                       |              | 14,992 |   |   | 15,326 |   |
|                                           |              |   |   |   |   |   |
| Other(d)                                       |              | 3,324 |   |   | 4,031 |   |
|                                           |              | 364,596 |   |   | 375,898 |   |
| Less      allowance for losses                 |              | (6,590 | ) |   | (5,306 | ) |
| Total                                          | $                 | 358,006 |   | $ | 370,592 |   |
|                                           |              |   |   |   |   |   |

| (a) | During      the first quarter of 2009, we transferred Artesia from CLL to Consumer.      Prior-period amounts were reclassified to conform to the current-period’s      presentation.                                                                                                                                                                                                                                                                |   |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | At      June 30, 2009, net of credit insurance, approximately 26% of this      portfolio comprised loans with introductory, below market rates that are      scheduled to adjust at future dates; with high loan-to-value ratios at      inception; whose terms permitted interest-only payments; or whose terms      resulted in negative amortization. At the origination date, loans with an      adjustable rate were underwritten to the reset value. |   |
| (c) | Included      loans and financing leases of $12,901 million and $13,078 million at June      30, 2009 and December 31, 2008, respectively, related to commercial      aircraft at Aviation Financial Services.                                                                                                                                                                                                                                             |   |
| (d) | Consisted      of loans and financing leases related to certain consolidated, liquidating      securitization entities.                                                                                                                                                                                                                                                                                                                                    |   |

----

|                                          | At                |
|-----------------------------------------------|-------------------|
| (In      millions)                            | June      30,2009 |   | December      31,2008 |
|                                          |              |   |   |   |   |   |
| Loans      requiring allowance for losses     | $                 | 5,657 |   | $ | 2,712 |   |
| Loans      expected to be fully recoverable   |              | 2,425 |   |   | 871 |   |
| Total      impaired loans                     | $                 | 8,082 |   | $ | 3,583 |   |
|                                          |              |   |   |   |   |   |
| Allowance      for losses (specific reserves) | $                 | 1,321 |   | $ | 635 |   |
| Average      investment during the period     |              | 5,836 |   |   | 2,064 |   |
| Interest      income earned while impaired(a) |              | 55 |   |   | 48 |   |
|                                          |              |   |   |   |   |   |

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

| (In      millions)        | BalanceJanuary      1,2009 |   | Provisioncharged      tooperations |   | Other(a) |   | Grosswrite-offs |    | Recoveries |   | BalanceJune      30,2009 |   |
|---------------------------|----------------------------|--------|------------------------------------|--------|----------|--------|-----------------|---------|------------|--------|--------------------------|--------|
|                      |                       |   |                               |   |     |   |            |    |       |   |                     |   |   |   |   |   |   |   |
| CLL(b)                    |                       |   |                               |   |     |   |            |    |       |   |                     |   |   |   |   |   |   |   |
| Americas                  | $                          | 824    |                               | $      | 720      |   | $               | (35     | )          | $      | (435                     | )      | $ | 42 |   | $ | 1,116 |   |
| Europe                    |                       | 288    |                               |   | 290      |   |            | (1      | )          |   | (139                     | )      |   | 10 |   |   | 448 |   |
| Asia                      |                       | 163    |                               |   | 120      |   |            | (6      | )          |   | (85                      | )      |   | 7 |   |   | 199 |   |
| Other                     |                       | 2      |                               |   | 3        |   |            | 2       |       |   | (1                       | )      |   | − |   |   | 6 |   |
|                      |                       |   |                               |   |     |   |            |    |       |   |                     |   |   |   |   |   |   |   |
| Consumer(b)               |                       |   |                               |   |     |   |            |    |       |   |                     |   |   |   |   |   |   |   |
| Non-U.S.      residential |                       |   |                               |   |     |   |            |    |       |   |                     |   |   |   |   |   |   |   |
| mortgages                 |                       | 383    |                               |   | 561      |   |            | 59      |       |   | (231                     | )      |   | 59 |   |   | 831 |   |
| Non-U.S.      installment |                       |   |                               |   |     |   |            |    |       |   |                     |   |   |   |   |   |   |   |
| and revolving      credit |                       | 1,051  |                               |   | 900      |   |            | 65      |       |   | (1,098                   | )      |   | 229 |   |   | 1,147 |   |
| U.S.      installment and |                       |   |                               |   |     |   |            |    |       |   |                     |   |   |   |   |   |   |   |
| revolvingcredit           |                       | 1,700  |                               |   | 1,729    |   |            | (497    | )          |   | (1,438                   | )      |   | 81 |   |   | 1,575 |   |
| Non-U.S.      auto        |                       | 222    |                               |   | 245      |   |            | 13      |       |   | (302                     | )      |   | 91 |   |   | 269 |   |
| Other                     |                       | 226    |                               |   | 180      |   |            | (2      | )          |   | (205                     | )      |   | 51 |   |   | 250 |   |
|                      |                       |   |                               |   |     |   |            |    |       |   |                     |   |   |   |   |   |   |   |
| Real      Estate          |                       | 301    |                               |   | 344      |   |            | 10      |       |   | (85                      | )      |   | − |   |   | 570 |   |
|                      |                       |   |                               |   |     |   |            |    |       |   |                     |   |   |   |   |   |   |   |
| Energy      Financial     |                       |   |                               |   |     |   |            |    |       |   |                     |   |   |   |   |   |   |   |
| Services                  |                       | 58     |                               |   | 32       |   |            | 1       |       |   | −                  |   |   | − |   |   | 91 |   |
|                      |                       |   |                               |   |     |   |            |    |       |   |                     |   |   |   |   |   |   |   |
| GECAS                     |                       | 60     |                               |   | 1        |   |            | − |       |   | −                  |   |   | − |   |   | 61 |   |
|                      |                       |   |                               |   |     |   |            |    |       |   |                     |   |   |   |   |   |   |   |
| Other                     |                       | 28     |                               |   | 12       |   |            | 1       |       |   | (14                      | )      |   | − |   |   | 27 |   |
| Total                     | $                          | 5,306  |                               | $      | 5,137    |   | $               | (390    | )          | $      | (4,033                   | )      | $ | 570 |   | $ | 6,590 |   |
|                      |                       |   |                               |   |     |   |            |    |       |   |                     |   |   |   |   |   |   |   |

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

----

| (In      millions)        | BalanceJanuary      1,2008 |   | Provisioncharged      tooperations |   | Other(a) |   | Grosswrite-offs |    | Recoveries |   | BalanceJune      30,2008 |   |
|---------------------------|----------------------------|--------|------------------------------------|--------|----------|--------|-----------------|---------|------------|--------|--------------------------|--------|
|                      |                       |   |                               |   |     |   |            |    |       |   |                     |   |   |   |   |   |   |   |
| CLL(b)                    |                       |   |                               |   |     |   |            |    |       |   |                     |   |   |   |   |   |   |   |
| Americas                  | $                          | 451    |                               | $      | 251      |   | $               | 49      |       | $      | (239                     | )      | $ | 32 |   | $ | 544 |   |
| Europe                    |                       | 230    |                               |   | 94       |   |            | (38     | )          |   | (82                      | )      |   | 17 |   |   | 221 |   |
| Asia                      |                       | 226    |                               |   | 49       |   |            | (8      | )          |   | (162                     | )      |   | 3 |   |   | 108 |   |
| Other                     |                       | 3      |                               |   | 1        |   |            | (2      | )          |   | −                  |   |   | − |   |   | 2 |   |
|                      |                       |   |                               |   |     |   |            |    |       |   |                     |   |   |   |   |   |   |   |
| Consumer(b)               |                       |   |                               |   |     |   |            |    |       |   |                     |   |   |   |   |   |   |   |
| Non-U.S.      residential |                       |   |                               |   |     |   |            |    |       |   |                     |   |   |   |   |   |   |   |
| mortgages                 |                       | 246    |                               |   | 61       |   |            | 33      |       |   | (62                      | )      |   | 41 |   |   | 319 |   |
| Non-U.S.      installment |                       |   |                               |   |     |   |            |    |       |   |                     |   |   |   |   |   |   |   |
| and revolving      credit |                       | 1,371  |                               |   | 847      |   |            | 77      |       |   | (1,265                   | )      |   | 436 |   |   | 1,466 |   |
| U.S.      installment and |                       |   |                               |   |     |   |            |    |       |   |                     |   |   |   |   |   |   |   |
| revolvingcredit           |                       | 985    |                               |   | 1,144    |   |            | (304    | )          |   | (952                     | )      |   | 132 |   |   | 1,005 |   |
| Non-U.S.      auto        |                       | 324    |                               |   | 154      |   |            | (37     | )          |   | (299                     | )      |   | 144 |   |   | 286 |   |
| Other                     |                       | 167    |                               |   | 119      |   |            | 83      |       |   | (149                     | )      |   | 33 |   |   | 253 |   |
|                      |                       |   |                               |   |     |   |            |    |       |   |                     |   |   |   |   |   |   |   |
| Real      Estate          |                       | 168    |                               |   | 34       |   |            | 14      |       |   | (8                       | )      |   | 1 |   |   | 209 |   |
|                      |                       |   |                               |   |     |   |            |    |       |   |                     |   |   |   |   |   |   |   |
| Energy      Financial     |                       |   |                               |   |     |   |            |    |       |   |                     |   |   |   |   |   |   |   |
| Services                  |                       | 19     |                               |   | 1        |   |            | 2       |       |   | −                  |   |   | − |   |   | 22 |   |
|                      |                       |   |                               |   |     |   |            |    |       |   |                     |   |   |   |   |   |   |   |
| GECAS                     |                       | 8      |                               |   | 38       |   |            | − |       |   | (1                       | )      |   | − |   |   | 45 |   |
|                      |                       |   |                               |   |     |   |            |    |       |   |                     |   |   |   |   |   |   |   |
| Other                     |                       | 18     |                               |   | 10       |   |            | − |       |   | (8                       | )      |   | − |   |   | 20 |   |
| Total                     | $                          | 4,216  |                               | $      | 2,803    |   | $               | (131    | )          | $      | (3,227                   | )      | $ | 839 |   | $ | 4,500 |   |
|                      |                       |   |                               |   |     |   |            |    |       |   |                     |   |   |   |   |   |   |   |

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

|                                           | At                |
|------------------------------------------------|-------------------|
| (In      millions)                             | June      30,2009 |   | December      31,2008 |
|                                           |              |   |   |   |   |   |
| Goodwill                                       | $                 | 27,160 |   | $ | 25,204 |   |
|                                           |              |   |   |   |   |   |
| Other      intangible assets                   |              |   |   |   |   |   |
| Intangible assets subject to      amortization | $                 | 3,541 |   | $ | 3,174 |   |
|                                           |              |   |   |   |   |   |

----

| (In      millions)             | BalanceJanuary      1,2009 |   | Acquisitions/acquisitionaccountingadjustments |   | Dispositions,currencyexchangeand      other |   | BalanceJune      30,2009 |   |
|--------------------------------|----------------------------|--------|-----------------------------------------------|--------|---------------------------------------------|--------|--------------------------|--------|
|                           |                       |   |                                          |   |                                        |   |                     |   |   |   |   |   |
| CLL                            | $                          | 12,321 | (a)                                           | $      | 839                                         |   | $                        | (351   | ) | $ | 12,809 |   |
| Consumer                       |                       | 9,407  | (a)                                           |   | 1,352                                       |   |                     | 138    |   |   | 10,897 |   |
| Real      Estate               |                       | 1,159  |                                          |   | (7                                          | )      |                     | 26     |   |   | 1,178 |   |
| Energy      Financial Services |                       | 2,162  |                                          |   | (4                                          | )      |                     | (39    | ) |   | 2,119 |   |
| GECAS                          |                       | 155    |                                          |   | −                                     |   |                     | 2      |   |   | 157 |   |
| Total                          | $                          | 25,204 |                                          | $      | 2,180                                       |   | $                        | (224   | ) | $ | 27,160 |   |
|                           |                       |   |                                          |   |                                        |   |                     |   |   |   |   |   |

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

----

|                                  | At                  |
|---------------------------------------|---------------------|
|                                  | June      30, 2009  |   | December      31, 2008 |
| (In      millions)                    | Grosscarryingamount |   | Accumulatedamortization |   | Net |   | Grosscarryingamount |   | Accumulatedamortization |   | Net |
|                                  |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Customer-related                      | $                   | 1,774 |   | $ | (711 | ) | $ | 1,063 |   | $ | 1,790 |   | $ | (616 | ) | $ | 1,174 |
| Patents,      licenses and trademarks |                | 564 |   |   | (417 | ) |   | 147 |   |   | 564 |   |   | (460 | ) |   | 104 |
| Capitalized      software             |                | 2,262 |   |   | (1,591 | ) |   | 671 |   |   | 2,148 |   |   | (1,463 | ) |   | 685 |
| Lease      valuations                 |                | 1,748 |   |   | (702 | ) |   | 1,046 |   |   | 1,761 |   |   | (594 | ) |   | 1,167 |
| All      other                        |                | 878 |   |   | (264 | ) |   | 614 |   |   | 233 |   |   | (189 | ) |   | 44 |
| Total                                 | $                   | 7,226 |   | $ | (3,685 | ) | $ | 3,541 |   | $ | 6,496 |   | $ | (3,322 | ) | $ | 3,174 |
|                                  |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                            | At                |
|-------------------------------------------------|-------------------|
| (In      millions)                              | June      30,2009 |   | December      31,2008 |
|                                            |              |   |   |   |   |   |
| Short-term      borrowings                      |              |   |   |   |   |   |
|                                            |              |   |   |   |   |   |
| Commercial      paper                           |              |   |   |   |   |   |
| U.S.                                            |              |   |   |   |   |   |
| Unsecured(a)                                    | $                 | 35,162 |   | $ | 57,665 |   |
| Asset-backed(b)                                 |              | 3,032 |   |   | 3,652 |   |
| Non-U.S.                                        |              | 9,356 |   |   | 9,033 |   |
| Current      portion of long-term debt(a)(c)(d) |              | 82,417 |   |   | 69,680 |   |
| Bank      deposits(e)                           |              | 26,959 |   |   | 29,634 |   |
| Bank      borrowings(f)                         |              | 3,475 |   |   | 10,028 |   |
| GE      Interest Plus notes(g)                  |              | 5,964 |   |   | 5,633 |   |
| Other                                           |              | 1,664 |   |   | 3,276 |   |
| Total                                           |              | 168,029 |   |   | 188,601 |   |
|                                            |              |   |   |   |   |   |
| Long-term      borrowings                       |              |   |   |   |   |   |
|                                            |              |   |   |   |   |   |
| Senior      notes                               |              |   |   |   |   |   |
| Unsecured(a)(d)(h)                              |              | 306,053 |   |   | 299,651 |   |
| Asset-backed(i)                                 |              | 4,558 |   |   | 5,002 |   |
| Subordinated      notes(j)                      |              | 2,475 |   |   | 2,567 |   |
| Subordinated      debentures(k)                 |              | 7,534 |   |   | 7,315 |   |
| Bank      deposits(l)                           |              | 9,447 |   |   | 7,220 |   |
| Total                                           |              | 330,067 |   |   | 321,755 |   |
| Total      borrowings                           | $                 | 498,096 |   | $ | 510,356 |   |
|                                            |              |   |   |   |   |   |

| (a) | GE      Capital had issued and outstanding $69,132 million ($21,132 million      commercial paper and $48,000 million long-term borrowings) and $35,243      million ($21,823 million commercial paper and $13,420 million long-term      borrowings) of senior, unsecured debt that was guaranteed by the Federal      Deposit Insurance Corporation (FDIC) under the Temporary Liquidity      Guarantee Program at June 30, 2009 and December 31, 2008, respectively. GE      Capital and GE are parties to an Eligible Entity Designation Agreement and      GE Capital is subject to the terms of a Master Agreement, each entered      into with the FDIC. The terms of these agreements include, among other      things, a requirement that GE and GE Capital reimburse the FDIC for any      amounts that the FDIC pays to holders of GE Capital debt that is      guaranteed by the FDIC. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Consists      entirely of obligations of consolidated, liquidating securitization      entities. See Note 12.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| (c) | Included      $222 million and $326 million of asset-backed senior notes, issued by      consolidated, liquidating securitization entities at June 30, 2009 and      December 31, 2008, respectively.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| (d) | Included      $1,632 million ($113 million short-term and $1,519 million long-term) of      borrowings under European government-sponsored programs at June 30,      2009.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| (e) | Included      $18,757 million and $11,793 million of deposits in non-U.S. banks at June      30, 2009 and December 31, 2008, respectively, and included certificates of      deposits distributed by brokers of $8,202 million and $17,841 million at      June 30, 2009 and December 31, 2008, respectively.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| (f) | Term      borrowings from banks with an original term to maturity of less than 12      months.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| (g) | Entirely      variable denomination floating rate demand notes.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| (h) | Included      borrowings from GECS affiliates of $1,010 million and $1,006 million at      June 30, 2009 and December 31, 2008, respectively.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| (i) | Included      $1,309 million and $2,104 million of asset-backed senior notes, issued by      consolidated, liquidating securitization entities at June 30, 2009 and      December 31, 2008, respectively. See Note 12.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| (j) | Included      $117 million and $450 million of subordinated notes guaranteed by GE at      June 30, 2009 and December 31, 2008, respectively.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| (k) | Subordinated      debentures receive rating agency equity credit and were hedged at issuance      to the U.S. dollar equivalent of $7,725 million.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| (l) | Included      certificates of deposits distributed by brokers with maturities greater      than one year of $9,069 million and $6,699 million at June 30, 2009 and      December 31, 2008, respectively.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |

----

|                                                              | At                |   |
|-------------------------------------------------------------------|-------------------|--------|
|  (In      millions)                                          | June      30,2009 |   | December      31,2008 |   |
|                                                              |              |   |   |   |   |   |
| Unrecognized      tax benefits                                    | $                 | 3,590  |   | $ | 3,454 |   |
| Portion that, if recognized,      would reduce tax expense and    |              |   |   |   |   |   |
| effective tax rate(a)                                             |              | 1,853  |   |   | 1,734 |   |
| Accrued      interest on unrecognized tax benefits                |              | 719    |   |   | 693 |   |
| Accrued      penalties on unrecognized tax benefits               |              | 71     |   |   | 65 |   |
| Reasonably      possible reduction to the balance of unrecognized |              |   |   |   |   |   |
| tax benefits in succeeding 12      months                         |              | 0-150  |   |   | 0-350 |   |
| Portion that, if recognized,      would reduce tax expense        |              |   |   |   |   |   |
| and effective tax rate(a)                                         |              | 0-50   |   |   | 0-50 |   |
|                                                              |              |   |   |   |   |   |

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

|                                              | Three      months ended June 30 |   | Six      months ended June 30 |   |
|---------------------------------------------------|---------------------------------|--------|-------------------------------|--------|
| (In      millions)                                |                            | 2009   |                          |   | 2008 |   |   | 2009 |   |   | 2008 |   |
|                                              |                            |   |                          |   |   |   |   |   |   |   |   |   |
| Net      earnings attributable to GECC            | $                               | 181    |                          | $      | 2,414 |   | $ | 1,152 |   | $ | 4,849 |   |
| Investment      securities – net            |                            | 556    |                          |   | (240 | ) |   | 516 |   |   | (741 | ) |
| Currency      translation adjustments – net |                            | 4,731  |                          |   | (320 | ) |   | 1,707 |   |   | 789 |   |
| Cash      flow hedges – net                 |                            | 593    |                          |   | 1,792 |   |   | 1,316 |   |   | 114 |   |
| Benefit      plans – net                    |                            | (17    | )                             |   | 5 |   |   | (9 | ) |   | 18 |   |
| Total                                             | $                               | 6,044  |                          | $      | 3,651 |   | $ | 4,682 |   | $ | 5,029 |   |

----

|                            | Three      months ended June 30 |   | Six      months ended June 30 |   |
|---------------------------------|---------------------------------|--------|-------------------------------|--------|
| (In      millions)              |                            | 2009   |                          |   | 2008 |   |   | 2009 |   |   | 2008 |   |
|                            |                            |   |                          |   |   |   |   |   |   |   |   |   |
| Interest      on loans          | $                               | 5,008  |                          | $      | 6,675 |   | $ | 10,053 |   | $ | 13,105 |   |
| Equipment      leased to others |                            | 2,916  |                          |   | 3,896 |   |   | 6,389 |   |   | 7,691 |   |
| Fees                            |                            | 1,100  |                          |   | 1,399 |   |   | 2,259 |   |   | 2,731 |   |
| Financing      leases           |                            | 825    |                          |   | 1,190 |   |   | 1,726 |   |   | 2,339 |   |
| Real      estate investments    |                            | 369    |                          |   | 1,133 |   |   | 715 |   |   | 2,290 |   |
| Associated      companies       |                            | 309    |                          |   | 647 |   |   | 474 |   |   | 1,116 |   |
| Investment      income(a)       |                            | 599    |                          |   | 597 |   |   | 924 |   |   | 1,146 |   |
| Net      securitization gains   |                            | 360    |                          |   | 273 |   |   | 640 |   |   | 622 |   |
| Other      items(b)(c)          |                            | 871    |                          |   | 1,811 |   |   | 2,513 |   |   | 3,337 |   |
| Total                           | $                               | 12,357 |                          | $      | 17,621 |   | $ | 25,693 |   | $ | 34,377 |   |
|                            |                            |   |                          |   |   |   |   |   |   |   |   |   |

| (a) | Included      net other-than-temporary impairments on investment securities of $57      million and $62 million in the second quarters of 2009 and 2008,      respectively, and $198 million and $97 million in the first six months of      2009 and 2008, respectively. See Note 3. |   |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | Included      a gain on the sale of a limited partnership interest in PTL and a related      gain on the remeasurement of the retained investment to fair value      totaling $296 million in the first quarter of 2009. See Note      12.                                            |   |
| (c) | Included      a gain of $343 million on the remeasurement to fair value of our equity      method investment in BAC, following our acquisition of a controlling      interest in the second quarter of 2009. See Note 5.                                                              |   |

----

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

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

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

----

----

| (In      millions)               | Level      1 |    | Level      2 |   | Level      3 |   | FIN      39 netting(a) |    | Net      balance |   |
|----------------------------------|--------------|---------|--------------|--------|--------------|--------|------------------------|---------|------------------|--------|
| June      30, 2009               |         |    |         |   |         |   |                   |    |             |   |   |   |   |   |   |
|                             |         |    |         |   |         |   |                   |    |             |   |   |   |   |   |   |
| Assets                           |         |    |         |   |         |   |                   |    |             |   |   |   |   |   |   |
| Investment      securities       |         |    |         |   |         |   |                   |    |             |   |   |   |   |   |   |
| Debt                             |         |    |         |   |         |   |                   |    |             |   |   |   |   |   |   |
| U.S.      corporate              | $            | 191     |         | $      | 1,729        |   | $                      | 1,546   |             | $      | − |   | $ | 3,466 |   |
| State and      municipal         |         | 273     |         |   | 562          |   |                   | 157     |             |   | − |   |   | 992 |   |
| Residential      mortgage-backed |         | 58      |         |   | 2,443        |   |                   | 51      |             |   | − |   |   | 2,552 |   |
| Commercial      mortgage-backed  |         | − |         |   | 1,112        |   |                   | 50      |             |   | − |   |   | 1,162 |   |
| Asset-backed                     |         | − |         |   | 852          |   |                   | 1,748   |             |   | − |   |   | 2,600 |   |
| Corporate −      non-U.S.  |         | 143     |         |   | 78           |   |                   | 452     |             |   | − |   |   | 673 |   |
| Government −      non-U.S. |         | 1,283   |         |   | 51           |   |                   | 142     |             |   | − |   |   | 1,476 |   |
| U.S. government      and         |         |    |         |   |         |   |                   |    |             |   |   |   |   |   |   |
| federal      agency              |         | 2       |         |   | 71           |   |                   | − |             |   | − |   |   | 73 |   |
| Retained      interests          |         | − |         |   | −      |   |                   | 6,259   |             |   | − |   |   | 6,259 |   |
| Equity                           |         |    |         |   |         |   |                   |    |             |   |   |   |   |   |   |
| Available-for-sale               |         | 404     |         |   | 500          |   |                   | 16      |             |   | − |   |   | 920 |   |
| Trading                          |         | 644     |         |   | −      |   |                   | − |             |   | − |   |   | 644 |   |
| Derivatives(b)                   |         | − |         |   | 9,523        |   |                   | 553     |             |   | (4,900 | ) |   | 5,176 |   |
| Other(c)                         |         | − |         |   | −      |   |                   | 571     |             |   | − |   |   | 571 |   |
| Total                            | $            | 2,998   |         | $      | 16,921       |   | $                      | 11,545  |             | $      | (4,900 | ) | $ | 26,564 |   |
|                             |         |    |         |   |         |   |                   |    |             |   |   |   |   |   |   |
| Liabilities                      |         |    |         |   |         |   |                   |    |             |   |   |   |   |   |   |
| Derivatives                      | $            | − |         | $      | 9,127        |   | $                      | 222     |             | $      | (4,978 | ) | $ | 4,371 |   |
| Other                            |         | − |         |   | 30           |   |                   | − |             |   | − |   |   | 30 |   |
| Total                            | $            | − |         | $      | 9,157        |   | $                      | 222     |             | $      | (4,978 | ) | $ | 4,401 |   |

| December      31, 2008           |   |    |   |   |    |   |   |    |   |   |    |   |   |   |   |
|----------------------------------|--------|---------|--------|--------|---------|--------|--------|---------|--------|--------|---------|--------|--------|--------|--------|
|                             |   |    |   |   |    |   |   |    |   |   |    |   |   |   |   |
| Assets                           |   |    |   |   |    |   |   |    |   |   |    |   |   |   |   |
| Investment      securities       |   |    |   |   |    |   |   |    |   |   |    |   |   |   |   |
| Debt                             |   |    |   |   |    |   |   |    |   |   |    |   |   |   |   |
| U.S.      corporate              | $      | 525     |   | $      | 1,708   |   | $      | 1,640   |   | $      | − |   | $      | 3,873  |   |
| State and      municipal         |   | − |   |   | 603     |   |   | 247     |   |   | − |   |   | 850    |   |
| Residential      mortgage-backed |   | 30      |   |   | 3,113   |   |   | 118     |   |   | − |   |   | 3,261  |   |
| Commercial      mortgage-backed  |   | − |   |   | 1,098   |   |   | 57      |   |   | − |   |   | 1,155  |   |
| Asset-backed                     |   | − |   |   | 676     |   |   | 1,580   |   |   | − |   |   | 2,256  |   |
| Corporate −      non-U.S.  |   | 69      |   |   | 50      |   |   | 472     |   |   | − |   |   | 591    |   |
| Government −      non-U.S. |   | 495     |   |   | 11      |   |   | 417     |   |   | − |   |   | 923    |   |
| U.S. government      and         |   |    |   |   |    |   |   |    |   |   |    |   |   |   |   |
| federal      agency              |   | 5       |   |   | 24      |   |   | − |   |   | − |   |   | 29     |   |
| Retained      interests          |   | − |   |   | − |   |   | 5,081   |   |   | − |   |   | 5,081  |   |
| Equity                           |   |    |   |   |    |   |   |    |   |   |    |   |   |   |   |
| Available-for-sale               |   | 395     |   |   | 498     |   |   | 18      |   |   | − |   |   | 911    |   |
| Trading                          |   | 83      |   |   | 305     |   |   | − |   |   | − |   |   | 388    |   |
| Derivatives(b)                   |   | – |   |   | 17,721  |   |   | 544     |   |   | (7,054  | )      |   | 11,211 |   |
| Other(c)                         |   | − |   |   | 288     |   |   | 551     |   |   | – |   |   | 839    |   |
| Total                            | $      | 1,602   |   | $      | 26,095  |   | $      | 10,725  |   | $      | (7,054  | )      | $      | 31,368 |   |
|                             |   |    |   |   |    |   |   |    |   |   |    |   |   |   |   |
| Liabilities                      |   |    |   |   |    |   |   |    |   |   |    |   |   |   |   |
| Derivatives                      | $      | 2       |   | $      | 10,810  |   | $      | 162     |   | $      | (7,218  | )      | $      | 3,756  |   |
| Other                            |   | – |   |   | 323     |   |   | – |   |   | – |   |   | 323    |   |
| Total                            | $      | 2       |   | $      | 11,133  |   | $      | 162     |   | $      | (7,218  | )      | $      | 4,079  |   |
|                             |   |    |   |   |    |   |   |    |   |   |    |   |   |   |   |

| (a) | FASB      Interpretation (FIN) 39, Offsetting of Amounts Related      to Certain Contracts, permits the netting of derivative receivables      and payables when a legally enforceable master netting agreement exists.      Included fair value adjustments related to our own and counterparty credit      risk. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | The      fair value of derivatives included an adjustment for non-performance risk.      At June 30, 2009 and December 31, 2008, the cumulative adjustment was a      gain of $78 million and $164 million, respectively.                                                                                          |
| (c) | Included      private equity investments and loans designated under the fair value      option.                                                                                                                                                                                                                    |

----

| (In      millions)                           |          |          |               |   | Net      realized/  |   |        |          |           |   |          |   |   | Net      change     |             |
|----------------------------------------------|---------------|---------------|--------------------|--------|---------------------|--------|-------------|---------------|----------------|--------|---------------|--------|--------|---------------------|------------------|
|                                         |          |          |               |   | unrealized          |   |        |          |           |   |          |   |   | in      unrealized  |             |
|                                         |          |          |               |   | gains      (losses) |   |        |          |           |   |          |   |   | gains      (losses) |             |
|                                         |          |          | Net      realized/ |   | included      in    |   |        |          |           |   |          |   |   |                | relating      to |   |
|                                         |          |          | unrealized         |   | accumulated         |   | Purchases,  |          | Transfers      |   |          |   |   | instruments         |             |
|                                         |          |          | gains(losses)      |   | other               |   | issuances   |          | in      and/or |   |          |   |   | still      held at  |             |
|                                         | April      1, |          | included      in   |   | comprehensive       |   | and         |          | out      of    |   | June      30, |   |   | June      30,       |             |
|                                         | 2009     |          | earnings           | (a)    | income              |   | settlements |          | Level      3   | (b)    | 2009     |   |   | 2009           | (c)              |
|                                         |          |          |               |   |                |   |        |          |           |   |          |   |   |                |             |   |   |   |   |   |   |   |
| Investment      securities    |          |          |               |   |                |   |        |          |           |   |          |   |   |                |             |   |   |   |   |   |   |   |
| Debt                                         |          |          |               |   |                |   |        |          |           |   |          |   |   |                |             |   |   |   |   |   |   |   |
| U.S. corporate                               | $             | 1,376         |               | $      | 4                   |   | $           | 105           |           | $      | 57            |   | $      | 4                   |             | $ | 1,546 |   |   | $ | − |   |
| State and    municipal                       |          | 89            |               |   | −             |   |        |  45      |           |   |  (2      | )      |   | 25                  |             |   |  157 |   |   |   |  − |   |
| Residential                                  |          |          |               |   |                |   |        |          |           |   |          |   |   |                |             |   |   |   |   |   |   |   |
| mortgage-backed                              |          | 58            |               |   | −             |   |        |  − |           |   |  − |   |   | (7                  | )                |   |  51 |   |   |   |  − |   |
| Commercial                                   |          |          |               |   |                |   |        |          |           |   |          |   |   |                |             |   |   |   |   |   |   |   |
| mortgage-backed                              |          | 50            |               |   | −             |   |        |  − |           |   |  − |   |   | −             |             |   |  50 |   |   |   |  − |   |
| Asset-backed                                 |          | 1,550         |               |   | 1                   |   |        | 117           |           |   |  90      |   |   | (10                 | )                |   | 1,748 |   |   |   |  − |   |
| Corporate –    non-U.S.                |          |  444     |               |   | (5                  | )      |        | 47            |           |   | (34           | )      |   | −             |             |   | 452 |   |   |   | − |   |
| Government                                   |          |          |               |   |                |   |        |          |           |   |          |   |   |                |             |   |   |   |   |   |   |   |
| – non-U.S.                             |          | 124           |               |   | −             |   |        | 15            |           |   | 3             |   |   | −             |             |   | 142 |   |   |   |  − |   |
| U.S. government    and                       |          |          |               |   |                |   |        |          |           |   |          |   |   |                |             |   |   |   |   |   |   |   |
| federal agency                               |          |  − |               |   | −             |   |        | −       |           |   | −       |   |   | −             |             |   | − |   |   |   |  − |   |
| Retainedinterests                            |          | 5,420         |               |   | 327                 |   |        | 157           |           |   | 355           |   |   | −             |             |   | 6,259 |   |   |   | 124 |   |
| Equity                                       |          |          |               |   |                |   |        |          |           |   |          |   |   |                |             |   |   |   |   |   |   |   |
| Available-for-sale                           |          | 15            |               |   | 1                   |   |        | 1             |           |   | (1            | )      |   | −             |             |   | 16 |   |   |   | − |   |
| Trading                                      |          | −       |               |   | −             |   |        | −       |           |   | −       |   |   | −             |             |   |  − |   |   |   |  − |   |
| Derivatives(d)(e)                            |          | 398      |               |   | 52                  |   |        | (22           | )              |   | (60           | )      |   | 12                  |             |   | 380 |   |   |   | (35 | ) |
| Other                                        |          | 512      |               |   | (9                  | )      |        | 28            |           |   | 40            |   |   | −             |             |   | 571 |   |   |   | (11 | ) |
| Total                                        | $             | 10,036   |               | $      | 371                 |   | $           | 493           |           | $      | 448           |   | $      | 24                  |             | $ | 11,372 |   |   | $ | 78 |   |
|                                         |          |          |               |   |                |   |        |          |           |   |          |   |   |                |             |   |   |   |   |   |   |   |

| (a) | Earnings      effects are primarily included in the “Revenues from services” and      “Interest” captions in the Condensed Statement of Current and Retained      Earnings.                                              |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Transfers      in and out of Level 3 are considered to occur at the beginning of the      period. Transfers out of Level 3 were a result of increased use of quotes      from independent pricing vendors based on recent trading      activity. |
| (c) | Represented      the amount of unrealized gains or losses for the period included in      earnings.                                                                                                                                              |
| (d) | Gains      from derivatives were partially offset by $15 million in losses from      related derivatives included in Level 2.                                                                                                                    |
| (e) | Represented      derivative assets net of derivative liabilities and included cash accruals      of $49 million not reflected in the fair value hierarchy      table.                                                                            |

----

| (In      millions)                           |          |   |               |   | Net      realized/  |   |        |   |           |   |          |   |   | Net      change     |             |
|----------------------------------------------|---------------|--------|--------------------|--------|---------------------|--------|-------------|--------|----------------|--------|---------------|--------|--------|---------------------|------------------|
|                                         |          |   |               |   | unrealized          |   |        |   |           |   |          |   |   | in      unrealized  |             |
|                                         |          |   |               |   | gains      (losses) |   |        |   |           |   |          |   |   | gains      (losses) |             |
|                                         |          |   | Net      realized/ |   | included      in    |   |        |   |           |   |          |   |   |                | relating      to |   |
|                                         |          |   | unrealized         |   | accumulated         |   | Purchases,  |   | Transfers      |   |          |   |   | instruments         |             |
|                                         |          |   | gains(losses)      |   | other               |   | issuances   |   | in      and/or |   |          |   |   | still      held at  |             |
|                                         | April      1, |   | included      in   |   | comprehensive       |   | and         |   | out      of    |   | June      30, |   |   | June      30,       |             |
|                                         | 2008     |   | earnings           | (a)    | income              |   | settlements |   | Level      3   | (b)    | 2008          |   |   | 2008                | (c)              |
|                                         |          |   |               |   |                |   |        |   |           |   |          |   |   |                |             |   |   |   |   |   |   |   |
| Investment      securities    | $             | 8,894  |               | $      | 227                 |   | $           | 3      |           | $      | 185           |   | $      | 488                 |             | $ | 9,797 |   |   | $ | 6 |   |
| Derivatives(d)                               |          | 489    |               |   | 15                  |   |        | (31    | )              |   | (59           | )      |   | −             |             |   | 414 |   |   |   | (15 | ) |
| Other                                        |          | 714    |               |   | 10                  |   |        | (5     | )              |   | (55           | )      |   | 51                  |             |   | 715 |   |   |   | 10 |   |
| Total                                        | $             | 10,097 |               | $      | 252                 |   | $           | (33    | )              | $      | 71            |   | $      | 539                 |             | $ | 10,926 |   |   | $ | 1 |   |
|                                         |          |   |               |   |                |   |        |   |           |   |          |   |   |                |             |   |   |   |   |   |   |   |

| (a) | Earnings      effects are primarily included in the “Revenues from services” and      “Interest” captions in the Condensed Statement of Current and Retained      Earnings. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Transfers      in and out of Level 3 are considered to occur at the beginning of the      period.                                                                                                   |
| (c) | Represented      the amount of unrealized gains or losses for the period included in      earnings.                                                                                                 |
| (d) | Represented      derivative assets net of derivative liabilities and includes cash accruals      of $12 million not reflected in the fair value hierarchy      table.                               |

----

| (In      millions)                           |            |    |               |   | Net      realized/  |   |        |    |           |   |          |   |   | Net      change     |             |
|----------------------------------------------|-----------------|---------|--------------------|--------|---------------------|--------|-------------|---------|----------------|--------|---------------|--------|--------|---------------------|------------------|
|                                         |            |    |               |   | unrealized          |   |        |    |           |   |          |   |   | in      unrealized  |             |
|                                         |            |    |               |   | gains      (losses) |   |        |    |           |   |          |   |   | gains      (losses) |             |
|                                         |            |    | Net      realized/ |   | included      in    |   |        |    |           |   |          |   |   |                | relating      to |   |
|                                         |            |    | unrealized         |   | accumulated         |   | Purchases,  |    | Transfers      |   |          |   |   | instruments         |             |
|                                         |            |    | gains(losses)      |   | other               |   | issuances   |    | in      and/or |   |          |   |   | still      held at  |             |
|                                         | January      1, |    | included      in   |   | comprehensive       |   | and         |    | out      of    |   | June      30, |   |   | June      30,       |             |
|                                         | 2009       |    | earnings           | (a)    | income              |   | settlements |    | Level      3   | (b)    | 2009     |   |   | 2009           | (c)              |
|                                         |            |    |               |   |                |   |        |    |           |   |          |   |   |                |             |   |   |   |   |   |   |   |
| Investment      securities    |            |    |               |   |                |   |        |    |           |   |          |   |   |                |             |   |   |   |   |   |   |   |
| Debt                                         |            |    |               |   |                |   |        |    |           |   |          |   |   |                |             |   |   |   |   |   |   |   |
| U.S. corporate                               | $               | 1,640   |               | $      | 12                  |   | $           | − |           | $      | (3            | )      | $      | (103                | )                | $ | 1,546 |   |   | $ | − |   |
| State and    municipal                       |            | 247     |               |   | −             |   |        | (107    | )              |   | (8            | )      |   | 25                  |             |   | 157 |   |   |   | − |   |
| Residential                                  |            |    |               |   |                |   |        |    |           |   |          |   |   |                |             |   |   |   |   |   |   |   |
| mortgage-backed                              |            | 118     |               |   | −             |   |        | (9      | )              |   | (20           | )      |   | (38                 | )                |   | 51 |   |   |   | − |   |
| Commercial                                   |            |    |               |   |                |   |        |    |           |   |          |   |   |                |             |   |   |   |   |   |   |   |
| mortgage-backed                              |            | 57      |               |   | −             |   |        | (7      | )              |   | −       |   |   | −             |             |   | 50 |   |   |   | − |   |
| Asset-backed                                 |            | 1,580   |               |   | 8                   |   |        | 218     |           |   | 83            |   |   | (141                | )                |   | 1,748 |   |   |   | − |   |
| Corporate –    non-U.S.                |            |    |               |   |                |   |        |    |           |   |          |   |   |                |             |   |   |   |   |   |   |   |
| Government                                   |            | 472     |               |   | (15                 | )      |        | (12     | )              |   | 47            |   |   | (40                 | )                |   | 452 |   |   |   | − |   |
| – non-U.S.                             |            |    |               |   |                |   |        |    |           |   |          |   |   |                |             |   |   |   |   |   |   |   |
| U.S. government    and                       |            |    |               |   |                |   |        |    |           |   |          |   |   |                |             |   |   |   |   |   |   |   |
| federal agency                               |            | 418     |               |   | −             |   |        | (4      | )              |   | 3             |   |   | (275                | )                |   | 142 |   |   |   | − |   |
| Retainedinterests                            |            | 5,081   |               |   | 606                 |   |        | 198     |           |   | 374           |   |   | −             |             |   | 6,259 |   |   |   | 198 |   |
| Equity                                       |            |    |               |   |                |   |        |    |           |   |          |   |   |                |             |   |   |   |   |   |   |   |
| Available-for-sale                           |            | 17      |               |   | −             |   |        | − |           |   | (1            | )      |   | −             |             |   | 16 |   |   |   | − |   |
| Trading                                      |            | − |               |   | −             |   |        | − |           |   | −       |   |   | −             |             |   | − |   |   |   | − |   |
| Derivatives(d)(e)                            |            | 401     |               |   | 77                  |   |        | (66     | )              |   | (67           | )      |   | 35                  |             |   | 380 |   |   |   | (28 | ) |
| Other                                        |            | 551     |               |   | (19                 | )      |        | 10      |           |   | 29            |   |   | −             |             |   | 571 |   |   |   | (21 | ) |
| Total                                        | $               | 10,582  |               | $      | 669                 |   | $           | 221     |           | $      | 437           |   | $      | (537                | )                | $ | 11,372 |   |   | $ | 149 |   |
|                                         |            |    |               |   |                |   |        |    |           |   |          |   |   |                |             |   |   |   |   |   |   |   |

| (a) | Earnings      effects are primarily included in the “Revenues from services” and      “Interest” captions in the Condensed Statement of Current and Retained      Earnings.                                              |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Transfers      in and out of Level 3 are considered to occur at the beginning of the      period. Transfers out of Level 3 were a result of increased use of quotes      from independent pricing vendors based on recent trading      activity. |
| (c) | Represented      the amount of unrealized gains or losses for the period included in      earnings.                                                                                                                                              |
| (d) | Gains      from derivatives were partially offset by $44 million in losses from      related derivatives included in Level 2 and $5 million in losses from      qualifying fair value hedges.                                                    |
| (e) | Represented      derivative assets net of derivative liabilities and included cash accruals      of $49 million not reflected in the fair value hierarchy      table.                                                                            |

----

| (In      millions)                           |            |   |               |   | Net      realized/  |   |        |   |           |   |          |   |   | Net      change     |             |
|----------------------------------------------|-----------------|--------|--------------------|--------|---------------------|--------|-------------|--------|----------------|--------|---------------|--------|--------|---------------------|------------------|
|                                         |            |   |               |   | unrealized          |   |        |   |           |   |          |   |   | in      unrealized  |             |
|                                         |            |   |               |   | gains      (losses) |   |        |   |           |   |          |   |   | gains      (losses) |             |
|                                         |            |   | Net      realized/ |   | included      in    |   |        |   |           |   |          |   |   |                | relating      to |   |
|                                         |            |   | unrealized         |   | accumulated         |   | Purchases,  |   | Transfers      |   |          |   |   | instruments         |             |
|                                         |            |   | gains(losses)      |   | other               |   | issuances   |   | in      and/or |   |          |   |   | still      held at  |             |
|                                         | January      1, |   | included      in   |   | comprehensive       |   | and         |   | out      of    |   | June      30, |   |   | June      30,       |             |
|                                         | 2008       |   | earnings           | (a)    | income              |   | settlements |   | Level      3   | (b)    | 2008          |   |   | 2008                | (c)              |
|                                         |            |   |               |   |                |   |        |   |           |   |          |   |   |                |             |   |   |   |   |   |   |   |
| Investment      securities    | $               | 8,329  |               | $      | 381                 |   | $           | (99    | )              | $      | 698           |   | $      | 488                 |             | $ | 9,797 |   |   | $ | (28 | ) |
| Derivatives(d)(e)                            |            | 200    |               |   | 290                 |   |        | 26     |           |   | (102          | )      |   | −             |             |   | 414 |   |   |   | 272 |   |
| Other                                        |            | 689    |               |   | (8                  | )      |        | 28     |           |   | (45           | )      |   | 51                  |             |   | 715 |   |   |   | (9 | ) |
| Total                                        | $               | 9,218  |               | $      | 663                 |   | $           | (45    | )              | $      | 551           |   | $      | 539                 |             | $ | 10,926 |   |   | $ | 235 |   |
|                                         |            |   |               |   |                |   |        |   |           |   |          |   |   |                |             |   |   |   |   |   |   |   |

| (a) | Earnings      effects are primarily included in the “Revenues from services” and      “Interest” captions in the Condensed Statement of Current and Retained      Earnings. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Transfers      in and out of Level 3 are considered to occur at the beginning of the      period.                                                                                                   |
| (c) | Represented      the amount of unrealized gains or losses for the period included in      earnings.                                                                                                 |
| (d) | Earnings      from derivatives were partially offset by $36 million in losses from      related derivatives included in Level 2 and $57 million in losses from      qualifying fair value hedges.   |
| (e) | Represented      derivative assets net of derivative liabilities and includes cash accruals      of $12 million not reflected in the fair value hierarchy      table.                               |

----

|                                               | Three      months ended June 30 |   | Six      months ended June 30 |   |
|----------------------------------------------------|---------------------------------|--------|-------------------------------|--------|
| (In      millions)                                 |                            | 2009   |                          |   | 2008 |   |   | 2009 |   |   | 2008 |   |
|                                               |                            |   |                          |   |   |   |   |   |   |   |   |   |
| Financing      receivables and loans held for sale | $                               | (429   | )                             | $      | (269 | ) | $ | (715 | ) | $ | (424 | ) |
| Cost      and equity method investments            |                            | (256   | )                             |   | (76 | ) |   | (479 | ) |   | (142 | ) |
| Long-lived      assets(a)                          |                            | (180   | )                             |   | (7 | ) |   | (303 | ) |   | (35 | ) |
| Retained      investments in formerly consolidated |                            |   |                          |   |   |   |   |   |   |   |   |   |
| subsidiaries(a)                                    |                            | 11     |                          |   | − |   |   | 237 |   |   | − |   |
| Total                                              | $                               | (854   | )                             | $      | (352 | ) | $ | (1,260 | ) | $ | (601 | ) |
|                                               |                            |   |                          |   |   |   |   |   |   |   |   |   |

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

|                                     | At                 |   |
|------------------------------------------|--------------------|--------|
|                                     | June      30, 2009 |   | December      31, 2008 |   |
|                                     |               |   | Assets      (liabilities) |   |   |   | Assets      (liabilities) |   |
| (In      millions)                       | Notionalamount     |   | Carryingamount      (net) |   | Estimatedfair      value |   | Notionalamount |   | Carryingamount      (net) |   | Estimatedfair      value |   |
|                                     |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Assets                                   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans                                    | $                  | (a)    |   | $ | 298,978 |   | $ | 282,491 |   | $ | (a) |   | $ | 304,010 |   | $ | 291,465 |   |
| Other commercial      mortgages          |               | (a)    |   |   | 355 |   |   | 355 |   |   | (a) |   |   | 374 |   |   | 374 |   |
| Loans held for    sale                   |               | (a)    |   |   | 1,791 |   |   | 1,841 |   |   | (a) |   |   | 3,640 |   |   | 3,670 |   |
| Other      financial instruments(b) |               | (a)    |   |   | 2,424 |   |   | 2,499 |   |   | (a) |   |   | 2,609 |   |   | 2,781 |   |
| Liabilities                              |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Borrowings(c)(d)                         |               | (a)    |   |   | (498,096 | ) |   | (486,675 | ) |   | (a) |   |   | (510,356 | ) |   | (491,240 | ) |
| Guaranteed investment      contracts     |               | (a)    |   |   | (9,136 | ) |   | (9,054 | ) |   | (a) |   |   | (10,828 | ) |   | (10,677 | ) |
| Insurance – credit life(e)         |               | 1,364  |   |   | (62 | ) |   | (42 | ) |   | 1,052 |   |   | (46 | ) |   | (33 | ) |
|                                     |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a) | These      financial instruments do not have notional amounts.                                                                                                                                                                                                                           |   |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | Principally      cost method investments.                                                                                                                                                                                                                                                |   |
| (c) | See      Note 6.                                                                                                                                                                                                                                                                         |   |
| (d) | Fair      values exclude interest rate and currency derivatives designated as hedges      of borrowings. Had they been included, the fair value of borrowings at      June 30, 2009 and December 31, 2008 would have been reduced by $425      million and $3,776 million, respectively. |   |
| (e) | Net      of reinsurance of $2,500 million and $3,100 million at June 30, 2009 and      December 31, 2008, respectively.                                                                                                                                                                  |   |

----

|               | Notional      amount at                                    |   |
|--------------------|------------------------------------------------------------|--------|
| (In      millions) | June      30,2009                                          |   | December      31,2008 |   |
|               |                                                       |   |   |   |   |   |   |
|               | Ordinary course of business      lending commitments(a)(b) | $      | 10,703 |   | $ | 8,507 |   |
|               | Unused revolving credit      lines(c)                      |   |   |   |   |   |   |
|               | Commercial                                                 |   | 30,732 |   |   | 26,300 |   |
|               | Consumer − principally      credit cards             |   | 244,176 |   |   | 252,867 |   |
|               |                                                       |   |   |   |   |   |   |

| (a) | Excluded      investment commitments of $2,612 million and $3,501 million as of June 30,      2009 and December 31, 2008, respectively.                                                                                                                                                |   |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | Included      a $1,053 million and $1,067 million commitment as of June 30, 2009 and      December 31, 2008, respectively, associated with a secured financing      arrangement that can increase to a maximum of $4,943 million based on the      asset volume under the arrangement. |   |
| (c) | Excluded      inventory financing arrangements, which may be withdrawn at our option, of      $13,427 million and $14,503 million as of June 30, 2009 and December 31,      2008, respectively.                                                                                        |   |

----

|                                                        | At      June 30, 2009 |   |
|-------------------------------------------------------------|-----------------------|--------|
|                                                        | Fair      value       |   |
| (In      millions)                                          | Assets                |   | Liabilities |   |
|                                                        |                  |   |   |   |   |   |
| Derivatives      accounted for as hedges under SFAS 133     |                  |   |   |   |   |   |
| Interest      rate contracts                                | $                     | 3,870  |   | $ | 4,348 |   |
| Currency      exchange contracts                            |                  | 3,714  |   |   | 3,689 |   |
| Other      contracts                                        |                  | 32     |   |   | 7 |   |
|                                                        |                  | 7,616  |   |   | 8,044 |   |
|                                                        |                  |   |   |   |   |   |
| Derivatives      not accounted for as hedges under SFAS 133 |                  |   |   |   |   |   |
| Interest      rate contracts                                |                  | 891    |   |   | 812 |   |
| Currency      exchange contracts                            |                  | 1,318  |   |   | 417 |   |
| Other      contracts                                        |                  | 251    |   |   | 76 |   |
|                                                        |                  | 2,460  |   |   | 1,305 |   |
| FIN      39 netting adjustment(a)                           |                  | (4,900 | ) |   | (4,978 | ) |
|                                                        |                  |   |   |   |   |   |
| Total                                                       | $                     | 5,176  |   | $ | 4,371 |   |
|                                                        |                  |   |   |   |   |   |

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

| (a) | FIN      39 permits      the netting of derivative receivables and payables when a legally      enforceable master netting agreement exists. Amounts included fair value      adjustments related to our own and counterparty credit risk. At June 30,      2009 and December 31, 2008, the cumulative adjustment for non-performance      risk was a gain of $78 million and $164 million,    respectively. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                         |   |                             |   |   | Three      months endedJune      30, 2009  |   |   | Six      months endedJune      30, 2009 |   |
|------------------------------|--------|----------------------------------|--------|--------|--------------------------------------------|--------|--------|-----------------------------------------|--------|
| (In      millions)           |   | Financial      statement caption |   |   | Gain      (loss)on      hedgingderivatives |   |   | Gain      (loss)on      hedgeditems     |   |   | Gain      (loss)on      hedgingderivatives |   |   | Gain      (loss)on      hedgeditems |   |
|                         |   |                             |   |   |                                       |   |   |                                    |   |   |   |   |   |   |   |
| Interest      rate contracts |   | Interest                         |   | $      | (4,243                                     | )      | $      | 4,260                                   |   | $ | (5,180 | ) | $ | 5,246 |   |
| Currency      exchange       |   |                             |   |   |                                       |   |   |                                    |   |   |   |   |   |   |   |
| contracts                    |   | Interest                         |   |   | (91                                        | )      |   | 83                                      |   |   | (1,058 | ) |   | 1,032 |   |
|                         |   |                             |   |   |                                       |   |   |                                    |   |   |   |   |   |   |   |

| Fair      value hedges resulted in $9 million and $40 million of ineffectiveness of      which $(48) million and $(75) million reflects amounts excluded from the      assessment of effectiveness for the three and six months ended June 30,      2009, respectively. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Three      months ended June 30, 2009 |   | Gain      (loss)recognizedin      OCI |   | Financial      statement caption |                        | Gain      (loss)reclassifiedfromAOCI      intoearnings |   |
|---------------------------------------|--------|---------------------------------------|--------|----------------------------------|-----------------------------|--------------------------------------------------------|--------|
| (In      millions)                    |   |                                  |   |         |                        |                                         |   |   |     |
|                                  |   |                                  |   |                             |                        |                                                   |   |   |   |
| Cash      flow hedges                 |   |                                  |   |                             |                        |                                                   |   |   |   |
| Interest      rate contracts          |   | $                                     | 632    |                             | Interest                    |                                                   | $      | (603 | ) |
| Currency      exchange contracts      |   |                                  | 1,553  |                             | Interest                    |                                                   |   | 997 |   |
|                                  |   |                                  |   |                             | Revenues      from services |                                                   |   | 273 |   |
| Commodity      contracts              |   |                                  | 14     |                             |                        |                                                   |   |   |   |
|                                  |   |                                  |   |                             |                        |                                                   |   |   |   |
| Total                                 |   | $                                     | 2,199  |                             |                        |                                                   | $      | 667 |   |

|                             |   | Gain      (loss)recognizedin      CTA |   |                           |                        | Gain      (loss)reclassifiedfrom      CTA |   |
|----------------------------------|--------|---------------------------------------|--------|--------------------------------|-----------------------------|-------------------------------------------|--------|
|                             |   |                                  |   |       |                        |                            |   |   |     |
| Net      investment hedges       |   |                                  |   |                           |                        |                                      |   |   |   |
| Currency      exchange contracts |   | $                                     | (5,485 | )                              | Revenues      from services |                                      | $      | 9 |   |
|                             |   |                                  |   |                           |                        |                                      |   |   |   |

----

| Six      months ended June 30, 2009 |   | Gain      (loss)recognizedin      OCI |   | Financial      statement caption |                        | Gain      (loss)reclassifiedfromAOCI      intoearnings |   |
|-------------------------------------|--------|---------------------------------------|--------|----------------------------------|-----------------------------|--------------------------------------------------------|--------|
| (In      millions)                  |   |                                  |   |         |                        |                                         |   |   |     |
|                                |   |                                  |   |                             |                        |                                                   |   |   |   |
| Cash      flow hedges               |   |                                  |   |                             |                        |                                                   |   |   |   |
| Interest      rate contracts        |   | $                                     | 773    |                             | Interest                    |                                                   | $      | (1,090 | ) |
| Currency      exchange contracts    |   |                                  | 2,122  |                             | Interest                    |                                                   |   | 996 |   |
|                                |   |                                  |   |                             | Revenues      from services |                                                   |   | 4 |   |
| Commodity      contracts            |   |                                  | 15     |                             |                        |                                                   |   |   |   |
|                                |   |                                  |   |                             |                        |                                                   |   |   |   |
| Total                               |   | $                                     | 2,910  |                             |                        |                                                   | $      | (90 | ) |

|                             |   | Gain      (loss)recognizedin      CTA |   |                           |                        | Gain      (loss)reclassifiedfrom      CTA |   |
|----------------------------------|--------|---------------------------------------|--------|--------------------------------|-----------------------------|-------------------------------------------|--------|
|                             |   |                                  |   |       |                        |                            |   |   |     |
| Net      investment hedges       |   |                                  |   |                           |                        |                                      |   |   |   |
| Currency      exchange contracts |   | $                                     | (3,159 | )                              | Revenues      from services |                                      | $      | (30 | ) |
|                             |   |                                  |   |                           |                        |                                      |   |   |   |

| Of      the total pre-tax amount recorded in AOCI, $3,258 million related to cash      flow hedges of forecasted transactions of which we expect to transfer      $1,750 million to earnings as an expense in the next 12 months      contemporaneously with the earnings effects of the related forecasted      transactions. In the first six months of 2009, we recognized insignificant      gains and losses related to hedged forecasted transactions and firm      commitments that did not occur by the end of the originally specified      period. At June 30, 2009, the maximum term of derivative instruments that      hedge forecasted transactions was 27 years and related to hedges of      anticipated interest payments associated with external    debt. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |

----

----

|                                                      | At                 |    |
|-----------------------------------------------------------|--------------------|---------|
|                                                      | June      30, 2009 |    | December      31, 2008 |   |
| (In      millions)                                        | Assets             |    | Liabilities |   | Assets |   | Liabilities |   |
|                                                      |               |    |   |   |   |   |   |   |   |   |   |   |
| Consolidated, liquidating      securitization entities(a) | $                  | 3,271   |   | $ | 3,141 |   | $ | 4,000 |   | $ | 3,868 |   |
| Trinity(b)                                                |               | 7,720   |   |   | 9,341 |   |   | 9,192 |   |   | 11,623 |   |
| Penske Truck Leasing Co., L.P.      (PTL)(c)              |               | − |   |   | − |   |   | 7,444 |   |   | 1,339 |   |
| Other(d)                                                  |               | 3,636   |   |   | 2,644 |   |   | 4,503 |   |   | 3,329 |   |
|                                                      | $                  | 14,627  |   | $ | 15,126 |   | $ | 25,139 |   | $ | 20,159 |   |
|                                                      |               |    |   |   |   |   |   |   |   |   |   |   |

| (a) | If      the short-term credit rating of GE Capital or these entities were reduced      below A–1/P–1, we could be required to provide substitute liquidity for      those entities or provide funds to retire the outstanding commercial      paper. The maximum net amount that we could be required to provide in the      event of such a downgrade is determined by contract and totaled $3,120      million at June 30, 2009. The borrowings of these entities are reflected      in our Statement of Financial Position.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | If      the long-term credit rating of GE Capital were to fall below AA-/Aa3 or      its short-term credit rating were to fall below A-1+/P-1, GE Capital could      be required to provide approximately $2,802 million to such entities as of      June 30, 2009 pursuant to letters of credit issued by GE Capital. To the      extent that the entities’ liabilities exceed the ultimate value of the      proceeds from the sale of their assets and the amount drawn under the      letters of credit, GE Capital could be required to provide such excess      amount. The borrowings of these entities are reflected in our Statement of      Financial Position.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| (c) | In      the first quarter of 2009, we sold a 1% limited partnership interest in      PTL, a previously consolidated VIE, to Penske Truck Leasing Corporation,      the general partner of PTL, whose majority shareowner is a member of GE’s      Board of Directors. The disposition of the shares, coupled with our      resulting minority position on the PTL advisory committee and related      changes in our contractual rights, resulted in the deconsolidation of PTL.      We recognized a pre-tax gain on the sale of $296 million, including a gain      on the remeasurement of our retained investment of $189 million. The      measurement of the fair value of our retained investment in PTL was based      on a methodology that incorporated both discounted cash flow information      and market data. In applying this methodology, we utilized different      sources of information, including actual operating results, future      business plans, economic projections and market observable pricing      multiples of similar businesses. The resulting fair value reflected our      position as a noncontrolling shareowner at the conclusion of the      transaction. |
| (d) | A      majority of the remaining assets and liabilities of VIEs that are included      in our consolidated financial statements were acquired in transactions      subsequent to adoption of FIN 46(R) on January 1, 2004. Assets of these      entities consist of amortizing securitizations of financial assets      originated by acquirees in Australia and Japan, and real estate      partnerships. We have no recourse arrangements with these      entities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |

----

|                                                 | At                |
|------------------------------------------------------|-------------------|
| (In      millions)                                   | June      30,2009 |   | December      31,2008 |
|                                                 |              |   |   |   |   |   |
| Other assets(a)                                      | $                 | 8,171 |   | $ | 1,897 |   |
| Financing      receivables                           |              | 525 |   |   | 974 |   |
| Total      investment                                |              | 8,696 |   |   | 2,871 |   |
| Contractual      obligations to fund new investments |              | 1,487 |   |   | 1,159 |   |
| Maximum      exposure to loss                        | $                 | 10,183 |   | $ | 4,030 |   |
|                                                 |              |   |   |   |   |   |

| (a) | At      June 30, 2009, our remaining investment in PTL of $6,126 million comprised      a 49.9% partnership interest of $973 million and loans and advances of      $5,153 million. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (In      millions)                        | Equipment | (a)(b)  | Commercialreal      estate |   | Creditcardreceivables | (b)    | Otherassets |   | Totalassets |   |
|-------------------------------------------|-----------|---------|----------------------------|--------|-----------------------|--------|-------------|--------|-------------|--------|
|                                      |      |    |                       |   |                  |   |        |   |        |   |   |   |   |   |   |
| June      30, 2009                        |      |    |                       |   |                  |   |        |   |        |   |   |   |   |   |   |
| Asset      amount outstanding             | $         | 11,396  |                       | $      | 7,634                 |   | $           | 23,806 |        | $      | 1,976 |   | $ | 44,812 |   |
| Included      within the amount above are |      |    |                       |   |                  |   |        |   |        |   |   |   |   |   |   |
| retained interests      of:               |      |    |                       |   |                  |   |        |   |        |   |   |   |   |   |   |
| Financing      receivables(c)             |      | − |                       |   | −               |   |        | 2,565  |        |   | − |   |   | 2,565 |   |
| Investment      securities                |      | 219     |                       |   | 13                    |   |        | 5,940  |        |   | 48 |   |   | 6,220 |   |
|                                      |      |    |                       |   |                  |   |        |   |        |   |   |   |   |   |   |
| December      31, 2008                    |      |    |                       |   |                  |   |        |   |        |   |   |   |   |   |   |
| Asset      amount outstanding             | $         | 13,298  |                       | $      | 7,970                 |   | $           | 26,046 |        | $      | 2,782 |   | $ | 50,096 |   |
| Included      within the amount above are |      |    |                       |   |                  |   |        |   |        |   |   |   |   |   |   |
| retained interests      of:               |      |    |                       |   |                  |   |        |   |        |   |   |   |   |   |   |
| Financing      receivables(c)             |      | − |                       |   | –               |   |        | 3,802  |        |   | – |   |   | 3,802 |   |
| Investment      securities                |      | 148     |                       |   | 16                    |   |        | 4,806  |        |   | 61 |   |   | 5,031 |   |
|                                      |      |    |                       |   |                  |   |        |   |        |   |   |   |   |   |   |

| (a) | Included      inventory floorplan receivables.                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | As      permitted by the terms of the applicable trust documents, in June 2009, we      transferred $268 million of floorplan financing receivables to the GE      Dealer Floorplan Master Note Trust and $145 million of credit card      receivables to the GE Capital Credit Card Master Note Trust in exchange      for additional subordinated interests. These actions had the effect of      maintaining the ‘Aaa’ ratings of the securities issued by these      entities. |
| (c) | Uncertificated      seller’s interests.                                                                                                                                                                                                                                                                                                                                                                                                                                                  |

----

|  (In      millions)               | Equipment |    | Commercialreal      estate |   | Credit      cardreceivables |   | Otherassets |   |   |   |
|----------------------------------------|-----------|---------|----------------------------|--------|-----------------------------|--------|-------------|--------|--------|--------|
|                                   |      |    |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| June      30, 2009                     |      |    |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| Discount      rate(a)                  |      | 10.7    | %                          |   | 57.4                        | %      |        | 11.6   | %      |   | 9.2 | % |   |   |   |
| Effect      of                         |      |    |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| 10%      adverse change                | $         | (5      | )                          | $      | (1                          | )      | $           | (51    | )      | $      | − |   |   |   |   |
| 20%      adverse change                |      | (9      | )                          |   | (2                          | )      |        | (100   | )      |   | − |   |   |   |   |
|                                   |      |    |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| Prepayment      rate(a)(b)             |      | 6.00    | %                          |   | 0.7                         | %      |        | 8.9    | %      |   | 37.8 | % |   |   |   |
| Effect      of                         |      |    |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| 10%      adverse change                | $         | − |                       | $      | −                     |   | $           | (72    | )      | $      | − |   |   |   |   |
| 20%      adverse change                |      | (1      | )                          |   | −                     |   |        | (138   | )      |   | − |   |   |   |   |
|                                   |      |    |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| Estimate      of credit losses(a)      |      | 0.4     | %                          |   | 5.9                         | %      |        | 15.5   | %      |   | 0.2 | % |   |   |   |
| Effect      of                         |      |    |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| 10%      adverse change                | $         | − |                       | $      | −                     |   | $           | (216   | )      | $      | − |   |   |   |   |
| 20%      adverse change                |      | (1      | )                          |   | −                     |   |        | (428   | )      |   | − |   |   |   |   |
|                                   |      |    |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| Remaining      weighted average        |      |    |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| asset      lives (in months)           |      | 15      |                       |   | 79                          |   |        | 10     |   |   | 2 |   |   |   |   |
| Net      credit losses for the quarter | $         | − |                       | $      | 14                          |   | $           | 860    |   | $      | − |   |   |   |   |
| Delinquencies                          |      | − |                       |   | 12                          |   |        | 1,362  |   |   | 1 |   |   |   |   |
|                                   |      |    |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| December      31, 2008                 |      |    |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| Discount      rate(a)                  |      | 16.7    | %                          |   | 54.2                        | %      |        | 15.1   | %      |   | 13.4 | % |   |   |   |
| Effect      of                         |      |    |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| 10%      adverse change                | $         | (6      | )                          | $      | (1                          | )      | $           | (53    | )      | $      | − |   |   |   |   |
| 20%      adverse change                |      | (12     | )                          |   | (2                          | )      |        | (105   | )      |   | (1 | ) |   |   |   |
|                                   |      |    |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| Prepayment      rate(a)(b)             |      | 10.0    | %                          |   | 1.5                         | %      |        | 9.6    | %      |   | 43.8 | % |   |   |   |
| Effect      of                         |      |    |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| 10%      adverse change                | $         | (1      | )                          | $      | −                     |   | $           | (60    | )      | $      | – |   |   |   |   |
| 20%      adverse change                |      | (1      | )                          |   | −                     |   |        | (118   | )      |   | (1 | ) |   |   |   |
|                                   |      |    |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| Estimate      of credit losses(a)      |      | 0.4     | %                          |   | 4.9                         | %      |        | 16.2   | %      |   | 0.1 | % |   |   |   |
| Effect      of                         |      |    |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| 10%      adverse change                | $         | (1      | )                          | $      | −                     |   | $           | (223   | )      | $      | – |   |   |   |   |
| 20%      adverse change                |      | (3      | )                          |   | −                     |   |        | (440   | )      |   | – |   |   |   |   |
|                                   |      |    |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| Remaining      weighted average        |      |    |                       |   |                        |   |        |   |   |   |   |   |   |   |   |
| asset      lives (in months)           |      | 20      |                       |   | 70                          |   |        | 10     |   |   | 3 |   |   |   |   |
| Net      credit losses for the year    | $         | 4       |                       | $      | 7                           |   | $           | 1,512  |   | $      | − |   |   |   |   |
| Delinquencies                          |      | 27      |                       |   | 58                          |   |        | 1,833  |   |   | 8 |   |   |   |   |
|                                   |      |    |                       |   |                        |   |        |   |   |   |   |   |   |   |   |

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

----

|                                            | Three      months ended June 30 |   | Six      months ended June 30 |   |
|-------------------------------------------------|---------------------------------|--------|-------------------------------|--------|
| (In      millions)                              |                            | 2009   |                          |   | 2008 |   |   | 2009 |   |   | 2008 |   |
|                                            |                            |   |                          |   |   |   |   |   |   |   |   |   |
| Cash      flows on transfers                    |                            |   |                          |   |   |   |   |   |   |   |   |   |
| Proceeds      from new transfers                | $                               | 3,200  |                          | $      | 2,333 |   | $ | 3,200 |   | $ | 3,656 |   |
| Proceeds      from collections reinvested       |                            |   |                          |   |   |   |   |   |   |   |   |   |
| in revolving period      transfers              |                            | 10,086 |                          |   | 14,832 |   |   | 21,313 |   |   | 29,532 |   |
| Cash      flows on retained interests recorded  |                            |   |                          |   |   |   |   |   |   |   |   |   |
| as investment      securities                   |                            | 1,140  |                          |   | 1,002 |   |   | 2,017 |   |   | 1,851 |   |
|                                            |                            |   |                          |   |   |   |   |   |   |   |   |   |
| Effect      on Revenues from services           |                            |   |                          |   |   |   |   |   |   |   |   |   |
| Net      gain on sale                           | $                               | 360    |                          | $      | 273 |   | $ | 640 |   | $ | 622 |   |
| Change      in fair value of retained interests |                            |   |                          |   |   |   |   |   |   |   |   |   |
| recorded in    earnings                         |                            | 85     |                          |   | (18 | ) |   | 172 |   |   | (93 | ) |
| Other-than-temporary      impairments           |                            | (8     | )                             |   | (1 | ) |   | (16 | ) |   | (1 | ) |

----

----

----

|                                                          | Three      months endedJune      30(Unaudited) |   | Six      months endedJune      30(Unaudited) |   |
|---------------------------------------------------------------|------------------------------------------------|--------|----------------------------------------------|--------|
| (In      millions)                                            |                                           | 2009   |                                         |   | 2008 |   |   | 2009 |   |   | 2008 |   |
|                                                          |                                           |   |                                         |   |   |   |   |   |   |   |   |   |
| Revenues                                                      |                                           |   |                                         |   |   |   |   |   |   |   |   |   |
| CLL(a)                                                        | $                                              | 5,219  |                                         | $      | 7,217 |   | $ | 10,797 |   | $ | 13,823 |   |
| Consumer(a)                                                   |                                           | 4,883  |                                         |   | 6,656 |   |   | 9,630 |   |   | 13,096 |   |
| Real      Estate                                              |                                           | 1,013  |                                         |   | 1,964 |   |   | 1,988 |   |   | 3,847 |   |
| Energy      Financial Services                                |                                           | 490    |                                         |   | 989 |   |   | 1,134 |   |   | 1,759 |   |
| GECAS                                                         |                                           | 1,192  |                                         |   | 1,155 |   |   | 2,336 |   |   | 2,425 |   |
| Total segment      revenues                                   |                                           | 12,797 |                                         |   | 17,981 |   |   | 25,885 |   |   | 34,950 |   |
| GECC      corporate items and eliminations                    |                                           | (119   | )                                            |   | 202 |   |   | 504 |   |   | 510 |   |
| Total      revenues                                           |                                           | 12,678 |                                         |   | 18,183 |   |   | 26,389 |   |   | 35,460 |   |
| Less      portion of revenues not included in GECC            |                                           | (116   | )                                            |   | (34 | ) |   | (218 | ) |   | (188 | ) |
| Total      revenues in GECC                                   | $                                              | 12,562 |                                         | $      | 18,149 |   | $ | 26,171 |   | $ | 35,272 |   |
|                                                          |                                           |   |                                         |   |   |   |   |   |   |   |   |   |
| Segment      profit                                           |                                           |   |                                         |   |   |   |   |   |   |   |   |   |
| CLL(a)                                                        | $                                              | 232    |                                         | $      | 908 |   | $ | 454 |   | $ | 1,596 |   |
| Consumer(a)                                                   |                                           | 243    |                                         |   | 1,065 |   |   | 970 |   |   | 2,056 |   |
| Real      Estate                                              |                                           | (237   | )                                            |   | 484 |   |   | (410 | ) |   | 960 |   |
| Energy      Financial Services                                |                                           | 65     |                                         |   | 167 |   |   | 140 |   |   | 300 |   |
| GECAS                                                         |                                           | 287    |                                         |   | 279 |   |   | 555 |   |   | 670 |   |
| Total segment    profit                                       |                                           | 590    |                                         |   | 2,903 |   |   | 1,709 |   |   | 5,582 |   |
| GECC corporate items and      eliminations(b)(c)              |                                           | (171   | )                                            |   | (92 | ) |   | (279 | ) |   | (267 | ) |
| Less      portion of segment profit not included in GECC      |                                           | (44    | )                                            |   | (61 | ) |   | (81 | ) |   | (84 | ) |
| Earnings      from continuing operations attributable to GECC |                                           | 375    |                                         |   | 2,750 |   |   | 1,349 |   |   | 5,231 |   |
| Loss      from discontinued operations, net of taxes,         |                                           |   |                                         |   |   |   |   |   |   |   |   |   |
| attributable to    GECC                                       |                                           | (194   | )                                            |   | (336 | ) |   | (197 | ) |   | (382 | ) |
| Total      net earnings attributable to GECC                  | $                                              | 181    |                                         | $      | 2,414 |   | $ | 1,152 |   | $ | 4,849 |   |
|                                                          |                                           |   |                                         |   |   |   |   |   |   |   |   |   |

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

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

----

|                                          | Three      months endedJune      30 |   | Six      months endedJune      30 |   |
|-----------------------------------------------|-------------------------------------|--------|-----------------------------------|--------|
| (In      millions)                            | 2009                                |   | 2008                              |   | 2009 |   | 2008 |   |
|                                          |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Revenues                                      | $                                   | 5,219  |                              | $      | 7,217 |   | $ | 10,797 |   | $ | 13,823 |   |
| Less      portion of CLL not included in GECC |                                | (101   | )                                 |   | (27 | ) |   | (196 | ) |   | (187 | ) |
| Total revenues in      GECC                   | $                                   | 5,118  |                              | $      | 7,190 |   | $ | 10,601 |   | $ | 13,636 |   |
|                                          |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Segment      profit                           | $                                   | 232    |                              | $      | 908 |   | $ | 454 |   | $ | 1,596 |   |
| Less      portion of CLL not included in GECC |                                | (35    | )                                 |   | (54 | ) |   | (70 | ) |   | (81 | ) |
| Total segment profit in      GECC             | $                                   | 197    |                              | $      | 854 |   | $ | 384 |   | $ | 1,515 |   |

|                                          | At                |    |
|-----------------------------------------------|-------------------|---------|
| (In      millions)                            | June      30,2009 |    | June      30,2008 |   | December      31,2008 |   |
|                                          |              |    |   |   |   |   |   |   |   |
| Total      assets                             | $                 | 219,378 |   | $ | 241,375 |   | $ | 228,176 |   |
| Less      portion of CLL not included in GECC |              | (2,146  | ) |   | (1,506 | ) |   | (2,015 | ) |
| Total assets in      GECC                     | $                 | 217,232 |   | $ | 239,869 |   | $ | 226,161 |   |

|                | Three      months endedJune      30 |   | Six      months endedJune      30 |   |
|---------------------|-------------------------------------|--------|-----------------------------------|--------|
| (In      millions)  | 2009                                |   | 2008                              |   | 2009 |   | 2008 |   |
|                |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Revenues            |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Americas            | $                                   | 2,699  |                              | $      | 3,049 |   | $ | 4,981 |   | $ | 6,030 |   |
| Europe              |                                | 1,324  |                              |   | 1,545 |   |   | 2,465 |   |   | 2,962 |   |
| Asia                |                                | 586    |                              |   | 796 |   |   | 1,090 |   |   | 1,413 |   |
| Other               |                                | 610    |                              |   | 1,827 |   |   | 2,261 |   |   | 3,418 |   |
|                |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Segment      profit |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Americas            | $                                   | 169    |                              | $      | 534 |   | $ | 156 |   | $ | 1,106 |   |
| Europe              |                                | 138    |                              |   | 218 |   |   | 202 |   |   | 410 |   |
| Asia                |                                | 36     |                              |   | 174 |   |   | 46 |   |   | 219 |   |
| Other               |                                | (111   | )                                 |   | (18 | ) |   | 50 |   |   | (139 | ) |

|               | At                |    |
|--------------------|-------------------|---------|
| (In      millions) | June      30,2009 |    | June      30,2008 |   | December      31,2008 |   |
|               |              |    |   |   |   |   |   |   |   |
| Total      assets  |              |    |   |   |   |   |   |   |   |
| Americas           | $                 | 126,215 |   | $ | 135,435 |   | $ | 135,253 |   |
| Europe             |              | 53,723  |   |   | 60,072 |   |   | 49,734 |   |
| Asia               |              | 20,353  |   |   | 25,261 |   |   | 23,127 |   |
| Other              |              | 19,087  |   |   | 20,607 |   |   | 20,062 |   |

----

|                                               | Three      months endedJune      30 |    | Six      months endedJune      30 |   |
|----------------------------------------------------|-------------------------------------|---------|-----------------------------------|--------|
| (In      millions)                                 | 2009                                |    | 2008                              |   | 2009 |   | 2008 |   |
|                                               |                                |    |                              |   |   |   |   |   |   |   |   |   |
| Revenues                                           | $                                   | 4,883   |                              | $      | 6,656 |   | $ | 9,630 |   | $ | 13,096 |   |
| Less      portion of Consumer not included in GECC |                                | − |                              |   | − |   |   | − |   |   | − |   |
| Total revenues in      GECC                        | $                                   | 4,883   |                              | $      | 6,656 |   | $ | 9,630 |   | $ | 13,096 |   |
|                                               |                                |    |                              |   |   |   |   |   |   |   |   |   |
| Segment      profit                                | $                                   | 243     |                              | $      | 1,065 |   | $ | 970 |   | $ | 2,056 |   |
| Less      portion of Consumer not included in GECC |                                | (8      | )                                 |   | (5 | ) |   | (9 | ) |   | (7 | ) |
| Total segment profit in      GECC                  | $                                   | 235     |                              | $      | 1,060 |   | $ | 961 |   | $ | 2,049 |   |

|                                               | At                |    |
|----------------------------------------------------|-------------------|---------|
| (In      millions)                                 | June      30,2009 |    | June      30,2008 |   | December      31,2008 |   |
|                                               |              |    |   |   |   |   |   |   |   |
| Total      assets                                  | $                 | 180,538 |   | $ | 226,283 |   | $ | 187,927 |   |
| Less      portion of Consumer not included in GECC |              | (167    | ) |   | 135 |   |   | (167 | ) |
| Total assets in      GECC                          | $                 | 180,371 |   | $ | 226,418 |   | $ | 187,760 |   |

----

|                                                  | Three      months endedJune      30 |    | Six      months endedJune      30 |   |
|-------------------------------------------------------|-------------------------------------|---------|-----------------------------------|--------|
| (In      millions)                                    | 2009                                |    | 2008                              |   | 2009 |   | 2008 |   |
|                                                  |                                |    |                              |   |   |   |   |   |   |   |   |   |
| Revenues                                              | $                                   | 1,013   |                              | $      | 1,964 |   | $ | 1,988 |   | $ | 3,847 |   |
| Less      portion of Real Estate not included in GECC |                                | (13     | )                                 |   | (7 | ) |   | (19 | ) |   | − |   |
| Total revenues in      GECC                           | $                                   | 1,000   |                              | $      | 1,957 |   | $ | 1,969 |   | $ | 3,847 |   |
|                                                  |                                |    |                              |   |   |   |   |   |   |   |   |   |
| Segment      profit                                   | $                                   | (237    | )                                 | $      | 484 |   | $ | (410 | ) | $ | 960 |   |
| Less      portion of Real Estate not included in GECC |                                | − |                              |   | (1 | ) |   | (1 | ) |   | 6 |   |
| Total segment profit in      GECC                     | $                                   | (237    | )                                 | $      | 483 |   | $ | (411 | ) | $ | 966 |   |

|                                                  | At                |   |
|-------------------------------------------------------|-------------------|--------|
| (In      millions)                                    | June      30,2009 |   | June      30,2008 |   | December      31,2008 |   |
|                                                  |              |   |   |   |   |   |   |   |   |
| Total      assets                                     | $                 | 83,960 |   | $ | 90,611 |   | $ | 85,266 |   |
| Less      portion of Real Estate not included in GECC |              | (155   | ) |   | (131 | ) |   | (357 | ) |
| Total assets in      GECC                             | $                 | 83,805 |   | $ | 90,480 |   | $ | 84,909 |   |

|                                                                | Three      months endedJune      30 |    | Six      months endedJune      30 |   |
|---------------------------------------------------------------------|-------------------------------------|---------|-----------------------------------|--------|
| (In      millions)                                                  | 2009                                |    | 2008                              |   | 2009 |   | 2008 |   |
|                                                                |                                |    |                              |   |   |   |   |   |   |   |   |   |
| Revenues                                                            | $                                   | 490     |                              | $      | 989 |   | $ | 1,134 |   | $ | 1,759 |   |
| Less      portion of Energy Financial Services not included in GECC |                                | (1      | )                                 |   | 1 |   |   | (2 | ) |   | − |   |
| Total revenues in      GECC                                         | $                                   | 489     |                              | $      | 990 |   | $ | 1,132 |   | $ | 1,759 |   |
|                                                                |                                |    |                              |   |   |   |   |   |   |   |   |   |
| Segment      profit                                                 | $                                   | 65      |                              | $      | 167 |   | $ | 140 |   | $ | 300 |   |
| Less      portion of Energy Financial Services not included in GECC |                                | − |                              |   | 1 |   |   | − |   |   | 1 |   |
| Total segment profit in      GECC                                   | $                                   | 65      |                              | $      | 168 |   | $ | 140 |   | $ | 301 |   |

|                                                                | At                |   |
|---------------------------------------------------------------------|-------------------|--------|
| (In      millions)                                                  | June      30,2009 |   | June      30,2008 |   | December      31,2008 |   |
|                                                                |              |   |   |   |   |   |   |   |   |
| Total      assets                                                   | $                 | 22,956 |   | $ | 21,580 |   | $ | 22,079 |   |
| Less      portion of Energy Financial Services not included in GECC |              | (70    | ) |   | (52 | ) |   | (54 | ) |
| Total assets in      GECC                                           | $                 | 22,886 |   | $ | 21,528 |   | $ | 22,025 |   |

----

|                                            | Three      months endedJune      30 |   | Six      months endedJune      30 |   |
|-------------------------------------------------|-------------------------------------|--------|-----------------------------------|--------|
| (In      millions)                              | 2009                                |   | 2008                              |   | 2009 |   | 2008 |   |
|                                            |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Revenues                                        | $                                   | 1,192  |                              | $      | 1,155 |   | $ | 2,336 |   | $ | 2,425 |   |
| Less      portion of GECAS not included in GECC |                                | (1     | )                                 |   | (1 | ) |   | (1 | ) |   | (1 | ) |
| Total revenues in      GECC                     | $                                   | 1,191  |                              | $      | 1,154 |   | $ | 2,335 |   | $ | 2,424 |   |
|                                            |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Segment      profit                             | $                                   | 287    |                              | $      | 279 |   | $ | 555 |   | $ | 670 |   |
| Less      portion of GECAS not included in GECC |                                | (1     | )                                 |   | (2 | ) |   | (1 | ) |   | (3 | ) |
| Total segment profit in      GECC               | $                                   | 286    |                              | $      | 277 |   | $ | 554 |   | $ | 667 |   |

|                                            | At                |   |
|-------------------------------------------------|-------------------|--------|
| (In      millions)                              | June      30,2009 |   | June      30,2008 |   | December      31,2008 |   |
|                                            |              |   |   |   |   |   |   |   |   |
| Total      assets                               | $                 | 50,337 |   | $ | 48,383 |   | $ | 49,455 |   |
| Less      portion of GECAS not included in GECC |              | (197   | ) |   | (232 | ) |   | (198 | ) |
| Total assets in      GECC                       | $                 | 50,140 |   | $ | 48,151 |   | $ | 49,257 |   |

|                          | Three      months endedJune      30 |   | Six      months endedJune      30 |   |
|-------------------------------|-------------------------------------|--------|-----------------------------------|--------|
| (In      millions)            | 2009                                |   | 2008                              |   | 2009 |   | 2008 |   |
|                          |                                |   |                              |   |   |   |   |   |   |   |   |   |
| Loss      from discontinued   |                                |   |                              |   |   |   |   |   |   |   |   |   |
| operations, net of      taxes | $                                   | (194   | )                                 | $      | (336 | ) | $ | (197 | ) | $ | (382 | ) |

----

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

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

| ·   | The      U.S. dollar was weaker at June 30, 2009 than at December 31, 2008,      increasing the translated levels of our non-U.S. dollar assets and      liabilities; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

| ·   | We      purchased a controlling interest in BAC in the second quarter of 2009;      and |
|--------------------|-----------------------------------------------------------------------------------------|

| ·   | At      GECS, collections on financing receivables exceeded originations by      approximately $25 billion in the first half of  2009. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

----

|                      | Financing      receivables at |    | Nonearning      receivables at |   | Allowance      for losses at |   |
|---------------------------|-------------------------------|---------|--------------------------------|--------|------------------------------|--------|
| (In      millions)        | June      30,2009             |    | December      31,2008          |   | June      30,2009            |   | December      31,2008 |   | June      30,2009 |   | December      31,2008 |   |
|                      |                          |    |                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CLL(a)                    |                          |    |                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Americas                  | $                             | 96,352  |                           | $      | 104,462                      |   | $ | 3,023 |   | $ | 1,944 |   | $ | 1,116 |   | $ | 824 |   |
| Europe                    |                          | 40,549  |                           |   | 36,972                       |   |   | 1,065 |   |   | 345 |   |   | 448 |   |   | 288 |   |
| Asia                      |                          | 14,057  |                           |   | 16,683                       |   |   | 533 |   |   | 306 |   |   | 199 |   |   | 163 |   |
| Other                     |                          | 751     |                           |   | 786                          |   |   | 15 |   |   | 2 |   |   | 6 |   |   | 2 |   |
|                      |                          |    |                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Consumer(a)               |                          |    |                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-U.S.      residential |                          |    |                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| mortgages                 |                          | 62,587  |                           |   | 60,753                       |   |   | 4,878 |   |   | 3,321 |   |   | 831 |   |   | 383 |   |
| Non-U.S.      installment |                          |    |                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| and      revolving credit |                          | 25,485  |                           |   | 24,441                       |   |   | 524 |   |   | 413 |   |   | 1,147 |   |   | 1,051 |   |
| U.S.      installment and |                          |    |                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| revolving      credit     |                          | 23,939  |                           |   | 27,645                       |   |   | 818 |   |   | 758 |   |   | 1,575 |   |   | 1,700 |   |
| Non-U.S.      auto        |                          | 14,853  |                           |   | 18,168                       |   |   | 84 |   |   | 83 |   |   | 269 |   |   | 222 |   |
| Other                     |                          | 13,218  |                           |   | 11,541                       |   |   | 289 |   |   | 175 |   |   | 250 |   |   | 226 |   |
|                      |                          |    |                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Real Estate(b)            |                          | 46,018  |                           |   | 46,735                       |   |   | 1,325 |   |   | 194 |   |   | 570 |   |   | 301 |   |
|                      |                          |    |                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Energy      Financial     |                          |    |                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Services                  |                          | 8,471   |                           |   | 8,355                        |   |   | 241 |   |   | 241 |   |   | 91 |   |   | 58 |   |
|                      |                          |    |                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| GECAS                     |                          | 14,992  |                           |   | 15,326                       |   |   | 204 |   |   | 146 |   |   | 61 |   |   | 60 |   |
|                      |                          |    |                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other                     |                          | 3,324   |                           |   | 4,031                        |   |   | 70 |   |   | 38 |   |   | 27 |   |   | 28 |   |
| Total                     | $                             | 364,596 |                           | $      | 375,898                      |   | $ | 13,069 |   | $ | 7,966 |   | $ | 6,590 |   | $ | 5,306 |   |
|                      |                          |    |                           |   |                         |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a) | During      the first quarter of 2009, we transferred Artesia from CLL to Consumer.      Prior-period amounts were reclassified to conform to the current-period’s      presentation. |   |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | Financing      receivables included $660 million and $731 million of construction loans      at June 30, 2009 and December 31, 2008, respectively.                                          |   |

----

|                      | Nonearning      receivables asa      percent of financing receivables |   | Allowance      for losses  as a percent of nonearning    receivables |   | Allowance      for losses  as a percent of total financing      receivables |   |
|---------------------------|-----------------------------------------------------------------------|--------|--------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------|--------|
|                      | June      30,2009                                                     |   | December      31,2008                                                          |   | June      30,2009                                                                     |   | December      31,2008 |   | June      30,2009 |   | December      31,2008 |   |
|                      |                                                                  |   |                                                                           |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CLL(a)                    |                                                                  |   |                                                                           |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Americas                  |                                                                  | 3.1    | %                                                                              |   | 1.9                                                                                   | %      |   | 36.9 | % |   | 42.4 | % |   | 1.2 | % |   | 0.8 | % |
| Europe                    |                                                                  | 2.6    |                                                                           |   | 0.9                                                                                   |   |   | 42.1 |   |   | 83.5 |   |   | 1.1 |   |   | 0.8 |   |
| Asia                      |                                                                  | 3.8    |                                                                           |   | 1.8                                                                                   |   |   | 37.3 |   |   | 53.3 |   |   | 1.4 |   |   | 1.0 |   |
| Other                     |                                                                  | 2.0    |                                                                           |   | 0.3                                                                                   |   |   | 40.0 |   |   | 100.0 |   |   | 0.8 |   |   | 0.3 |   |
|                      |                                                                  |   |                                                                           |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Consumer(a)               |                                                                  |   |                                                                           |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-U.S.      residential |                                                                  |   |                                                                           |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| mortgages                 |                                                                  | 7.8    |                                                                           |   | 5.5                                                                                   |   |   | 17.0 |   |   | 11.5 |   |   | 1.3 |   |   | 0.6 |   |
| Non-U.S.      installment |                                                                  |   |                                                                           |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| and      revolving credit |                                                                  | 2.1    |                                                                           |   | 1.7                                                                                   |   |   | 218.9 |   |   | 254.5 |   |   | 4.5 |   |   | 4.3 |   |
| U.S.      installment and |                                                                  |   |                                                                           |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| revolving      credit     |                                                                  | 3.4    |                                                                           |   | 2.7                                                                                   |   |   | 192.5 |   |   | 224.3 |   |   | 6.6 |   |   | 6.1 |   |
| Non-U.S.      auto        |                                                                  | 0.6    |                                                                           |   | 0.5                                                                                   |   |   | 320.2 |   |   | 267.5 |   |   | 1.8 |   |   | 1.2 |   |
| Other                     |                                                                  | 2.2    |                                                                           |   | 1.5                                                                                   |   |   | 86.5 |   |   | 129.1 |   |   | 1.9 |   |   | 2.0 |   |
|                      |                                                                  |   |                                                                           |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Real      Estate          |                                                                  | 2.9    |                                                                           |   | 0.4                                                                                   |   |   | 43.0 |   |   | 155.2 |   |   | 1.2 |   |   | 0.6 |   |
|                      |                                                                  |   |                                                                           |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Energy      Financial     |                                                                  |   |                                                                           |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Services                  |                                                                  | 2.8    |                                                                           |   | 2.9                                                                                   |   |   | 37.8 |   |   | 24.1 |   |   | 1.1 |   |   | 0.7 |   |
|                      |                                                                  |   |                                                                           |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| GECAS                     |                                                                  | 1.4    |                                                                           |   | 1.0                                                                                   |   |   | 29.9 |   |   | 41.1 |   |   | 0.4 |   |   | 0.4 |   |
|                      |                                                                  |   |                                                                           |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other                     |                                                                  | 2.1    |                                                                           |   | 0.9                                                                                   |   |   | 38.6 |   |   | 73.7 |   |   | 0.8 |   |   | 0.7 |   |
|                      |                                                                  |   |                                                                           |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total(b)                  |                                                                  | 3.6    |                                                                           |   | 2.1                                                                                   |   |   | 50.4 |   |   | 66.6 |   |   | 1.8 |   |   | 1.4 |   |
|                      |                                                                  |   |                                                                           |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a) | During      the first quarter of 2009, we transferred Artesia from CLL to Consumer.      Prior-period amounts were reclassified to conform to the current-period’s      presentation.                 |   |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | Excluding      the effects of the acquisitions of Interbanca S.p.A. and BAC, the ratio of      allowance for losses as a percent of total financing receivables would      have been 1.9% at June 30, 2009. |   |

----

|                                          | At                |
|-----------------------------------------------|-------------------|
| (In      millions)                            | June      30,2009 |   | December      31,2008 |
|                                          |              |   |   |   |   |   |
| Loans      requiring allowance for losses     | $                 | 5,657 |   | $ | 2,712 |   |
| Loans      expected to be fully recoverable   |              | 2,425 |   |   | 871 |   |
| Total      impaired loans                     | $                 | 8,082 |   | $ | 3,583 |   |
|                                          |              |   |   |   |   |   |
| Allowance      for losses (specific reserves) | $                 | 1,321 |   | $ | 635 |   |
| Average      investment during the period     |              | 5,836 |   |   | 2,064 |   |
| Interest      income earned while impaired(a) |              | 55 |   |   | 48 |   |
|                                          |              |   |   |   |   |   |

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

----

|                     | Delinquency      rates at |
|--------------------------|---------------------------|
|                     | June      30,2009(a)      |   | December      31,2008 |   | June      30,2008 |   |
|                     |                      |   |   |   |   |   |   |   |   |
| Equipment      Financing |                      | 2.78 | % |   | 2.17 | % |   | 1.48 | % |
| Consumer                 |                      | 8.73 |   |   | 7.43 |   |   | 5.91 |   |
| U.S.                     |                      | 6.99 |   |   | 7.14 |   |   | 5.55 |   |
| Non-U.S.                 |                      | 9.45 |   |   | 7.57 |   |   | 6.05 |   |
|                     |                      |   |   |   |   |   |   |   |   |

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

----

----

| ·   | GECS      cash and cash equivalents were $50 billion at June 30, 2009, and committed      credit lines were $55.4 billion. GECS intends to maintain committed credit      lines and cash in excess of GECS commercial paper borrowings going      forward; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | We      achieved our targeted 2009 reduction of commercial paper borrowings ahead      of plan by reducing GECS commercial paper borrowings to $50 billion at      June 30, 2009; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | GECS      completed its funding related to its long-term debt funding target of $45      billion for 2009 and have issued $20 billion of its targeted long-term      debt funding for 2010; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | During      the first six months of 2009, GECS issued an aggregate of $9.2 billion of      long-term debt that is not guaranteed under the Federal Deposit Insurance      Corporation’s (FDIC) Temporary Liquidity Guarantee Program (TLGP).      Subsequent to June 30, 2009, we issued an additional $3 billion of debt      that is not guaranteed under theTLGP; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | GECS      is managing collections versus originations to help support liquidity      needs. In the first half of 2009, collections have exceeded originations      by approximately $25 billion; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | In      May 2009, we issued Series 2009-1, Class A Notes, in the amount of $1.0      billion utilizing our GE Capital Credit Card Master Note Trust      securitization platform. The Class A Notes were eligible collateral under      the Federal Reserve Bank of New York’s Term Asset-Backed Securities Loan      Facility (“TALF”). Depending on market conditions and terms, we may      securitize additional credit card assets, floorplan receivables, equipment      receivables and commercial mortgage loans, in transactions for which      investors can access TALF; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

| ·   | In      September 2008, GECS reduced its dividend to GE and GE suspended its stock      repurchase program. Effective January 2009, GECS fully suspended its      dividend to GE; |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

| ·   | GECS      registered in October 2008 to use the Federal Reserve’s Commercial Paper      Funding Facility (CPFF) for up to $83 billion, which is available through      February 1, 2010. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

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

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

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

| ·   | Using      our bank credit lines which, with our cash, we plan to maintain in excess      of our outstanding commercial paper;and |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------|

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

----

----

.

|   | Exhibit      12    | Computation      of Ratio of Earnings to Fixed Charges.*                                                                  |
|--------|--------------------|---------------------------------------------------------------------------------------------------------------------------|
|   | 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.                                                                                     |

----

Pursuant to the requirements of the Securities Exchange Act of1934, the registrant has duly caused this report to be signed on its behalf bythe undersigned thereunto duly authorized.

| General      Electric Capital Corporation(Registrant)    |
|-------------------------------------------------------------------------|
| August      3, 2009                                                     |   | /s/Michael      A. Neal |   |
| Date                                                                    |   | Michael      A. NealChief      Executive Officer  |
|                                                                    |   |   |

----