|   |           |   |
|--------|----------------|--------|
|   | FORM      10-K |   |

| (MarkOne)                                                                                              |                                                                                               |   |   |   |
|--------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------|--------|--------|--------|
| þ                                                                                                 | Annual      Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of      1934     |
|                                                                                                   |
| For      the fiscal year ended December 31, 2007                                                       |
| or                                                                                                     |
| ¨                                                                                                 | Transition      Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of      1934 |
|                                                                                                   |
| For      the transition period from ___________to ___________                                          |
| _____________________________ Commission      file number 0-14804_____________________________    |
|                                                                                                   |
| General      Electric Capital Services, Inc.(Exact      name of registrant as specified in itscharter) |

| Delaware                                                               |                | 06-1109503                                         |
|------------------------------------------------------------------------|---------------------|----------------------------------------------------|
| (State      or other jurisdiction of incorporation or organization)    |                | (I.R.S.      Employer Identification No.)          |
|                                                                   |                |                                               |   |   |
| 3135      Easton Turnpike, Fairfield, Connecticut                      |                | 06828                                              |   | 203/373-2211 |
| (Address      of principal executive offices)                          | (Zip      Code)     | (Registrant’s      telephone number,         |
|                                                                   |                | including      area code)                          |
| Securities      Registered Pursuant to Section 12(b) of the Act:  |
| Title      of each class                                               |                | Name      of each exchangeon      which registered |
|                                                                   |                |                                               |
| 7      ½% Guaranteed Subordinated Notes Due August 21, 2035       |                | New      York Stock Exchange                       |
|  Securities      Registered Pursuant to Section 12(g) of the Act: |
|                                                                   | Title of each class |                                               |
| Common      Stock, par value $1,000 per share                          |

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

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| TABLE      OF CONTENTS |
|------------------------|
|                   |   |
|                   |   | Page |
|                   |   |
| PART      I            |   |   |
|                   |   |   |
| Item 1.                | Business | 3 |
| Item 1A.               | Risk      Factors | 7 |
| Item 1B.               | Unresolved      Staff Comments | 9 |
| Item 2.                | Properties | 9 |
| Item 3.                | Legal      Proceedings | 9 |
| Item 4.                | Submission      of Matters to a Vote of Security Holders | 11 |
|                   |   |   |
| PART      II           |   |   |
|                   |   |   |
| Item 5.                | Market      for Registrant’s Common Equity, Related Stockholder Matters      and |   |
|                   | Issuer Purchases of Equity      Securities | 12 |
| Item 6.                | Selected      Financial Data | 12 |
| Item 7.                | Management’s      Discussion and Analysis of Financial Condition and Results of      Operations | 12 |
| Item 7A.               | Quantitative      and Qualitative Disclosures About Market Risk | 37 |
| Item 8.                | Financial      Statements and Supplementary Data | 38 |
| Item 9.                | Changes      in and Disagreements With Accountants on Accounting and Financial      Disclosure | 82 |
| Item 9A.               | Controls      and Procedures | 82 |
| Item 9B.               | Other      Information | 83 |
|                   |   |   |
| PART      III          |   |   |
|                   |   |   |
| Item 10.               | Directors,      Executive Officers and Corporate Governance | 83 |
| Item 11.               | Executive      Compensation | 83 |
| Item 12.               | Security      Ownership of Certain Beneficial Owners and Management and Related      Stockholder Matters | 83 |
| Item 13.               | Certain      Relationships and Related Transactions, and Director      Independence | 83 |
| Item 14.               | Principal      Accounting Fees and Services | 83 |
|                   |   |   |
| PART      IV           |   |   |
|                   |   |   |
| Item 15.               | Exhibits,      Financial Statement Schedules | 84 |
|                   | Signatures  |   |

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Item 1. Business.

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Item 1A. RiskFactors.

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Item 1B. Unresolved StaffComments.

Item 2. Properties.

Item 3. Legal Proceedings.

As previously reported, in January 2005the staff of the U.S. Securities and Exchange Commission (SEC) informed us thatit had commenced an investigation and requested certain documents andinformation with respect to the use of hedge accounting for derivatives by GEand GE Capital. In August 2005 the SEC staff advised GE that the SEC had issueda formal order of investigation in the matter. The SEC staff has taken testimonyin this matter and has requested information about other GE accounting policiesand practices, including items related to revenue recognition.

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| ·   | Strengthening      its expertise and technical controllership resources in corporate      accounting and its internal audit staff devoted to complex accounting      matters; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Implementing      improved procedures for its corporate accounting and internal audit staff      for review of accounting for unusual  transactions; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Enhancing      its operational controllership resources, structure and processes to      oversee GE businesses to better ensure controllership policies are fully      executed; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Enhancing      and clarifying its global accounting policies and procedures for revenue      recognition and its related training programs and      communication; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | Improving      the processes and procedures around documentation of critical accounting      areas and judgments and accounting changes, and enhancing communication of      these matters to senior management and GE’s audit    committee; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Continuing      to stress leadership communication about integrity, accuracy and      transparency; and |
|--------------------|---------------------------------------------------------------------------------------------------------|

| ·   | Evaluating      responsibility, where errors have occurred, with respect to the employees      involved in the transactions related to such errors and making appropriate      personnel determinations based on such  evaluations. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Item 5. Market for Registrant’sCommon Equity, Related Stockholder Matters and Issuer Purchases Of EquitySecurities.

Item 6. Selected FinancialData.

| (In      millions)                                  | 2007   |    | 2006   |   | 2005    |   | 2004   |    | 2003   |   |
|-----------------------------------------------------|--------|---------|--------|--------|---------|--------|--------|---------|--------|--------|
|                                                |   |    |   |   |    |   |   |    |   |   |   |   |   |   |   |
| Revenues                                            | $      | 72,186  |   | $      | 61,626  |   | $      | 55,207  |   | $      | 50,682 |   | $ | 41,795 |   |
| Earnings      from continuing operations            |   |    |   |   |    |   |   |    |   |   |   |   |   |   |   |
| before accounting      changes                      |   | 12,428  |   |   | 10,255  |   |   | 9,004   |   |   | 7,661 |   |   | 5,871 |   |
| Earnings      (loss) from discontinued operations,  |   |    |   |   |    |   |   |    |   |   |   |   |   |   |   |
| net of taxes                                        |   | (2,127  | )      |   | 403     |   |   | (1,427  | )      |   | 1,067 |   |   | 2,442 |   |
| Earnings      before accounting changes             |   | 10,301  |   |   | 10,658  |   |   | 7,577   |   |   | 8,728 |   |   | 8,313 |   |
| Net      earnings                                   |   | 10,301  |   |   | 10,658  |   |   | 7,577   |   |   | 8,728 |   |   | 7,974 |   |
| Shareowner’s      equity                      |   | 57,676  |   |   | 54,097  |   |   | 50,812  |   |   | 54,379 |   |   | 45,790 |   |
| Short-term      borrowings                          |   | 192,421 |   |   | 173,313 |   |   | 157,664 |   |   | 154,280 |   |   | 153,733 |   |
| Long-term      borrowings                           |   | 308,504 |   |   | 252,953 |   |   | 204,382 |   |   | 201,190 |   |   | 162,829 |   |
| Return      on average shareowner’s equity(a) |   | 22.4    | %      |   | 21.9    | %      |   | 19.1    | %      |   | 16.7 | % |   | 14.5 | % |
| GECS      ratio of earnings to fixed charges        |   | 1.59    |   |   | 1.64    |   |   | 1.71    |   |   | 1.83 |   |   | 1.70 |   |
| GECC      ratio of debt to equity                   |   | 8.10:1  |   |   | 7.52:1  |   |   | 7.09:1  |   |   | 6.45:1 |   |   | 6.62:1 |   |
| Financing      receivables – net              | $      | 385,604 |   | $      | 328,589 |   | $      | 281,686 |   | $      | 275,798 |   | $ | 241,569 |   |
| Total      assets                                   |   | 646,139 |   |   | 564,668 |   |   | 540,584 |   |   | 618,614 |   |   | 554,877 |   |
|                                                |   |    |   |   |    |   |   |    |   |   |   |   |   |   |   |

| (a) | Represents      earnings from continuing operations before accounting changes divided by      average total shareowner’s equity, excluding effects of discontinued      operations (on an annual basis, calculated using a five-point average).      Average total shareowner’s equity, excluding effects of discontinued      operations, as of the end of each of the years in the five-year period      ended December 31, 2007, is described in the Supplemental Information      section. |   |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|

Item 7. Management’s Discussion andAnalysis of Financial Condition and Results of Operations.

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| • | Liquidity      risk is the risk of being unable to accommodate liability maturities, fund      asset growth and meet contractual obligations through access to funding at      reasonable market rates. Additional information about our liquidity and      how we manage this risk can be found in the Financial Resources and      Liquidity section and in notes 11 and18. |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| • | Credit      risk is the risk of financial loss arising from a customer or counterparty      failure to meet its contractual obligations. We face credit risk in our      investing, lending and leasing activities (see the Financial Resources and      Liquidity and Critical Accounting Estimates sections and notes 1, 5, 6, 7      and 20) and derivative financial instruments activities (see note      18). |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | Market      risk is the potential loss in value of investment and other asset and      liability portfolios, including financial instruments and residual values      of leased assets. This risk is caused by changes in market variables, such      as interest and currency exchange rates and equity and commodity prices.      We are exposed to market risk in the normal course of our business      operations as a result of our ongoing investing and funding activities.      Additional information can be found in the Financial Resources and      Liquidity section and in notes 5, 6, 8 and18. |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (In      millions)                                                      | 2007   |    | 2006   |   | 2005    |   |
|-------------------------------------------------------------------------|--------|---------|--------|--------|---------|--------|
|                                                                    |   |    |   |   |    |   |
| Revenues                                                                |   |    |   |   |    |   |   |   |   |
| GE      Commercial Finance(a)                                           | $      | 34,288  |   | $      | 30,853  |   | $ | 27,273 |   |
| GE      Money                                                           |   | 25,019  |   |   | 19,783  |   |   | 17,072 |   |
| GE      Infrastructure                                                  |   | 57,925  |   |   | 46,965  |   |   | 41,695 |   |
| Total segment      revenues                                             |   | 117,232 |   |   | 97,601  |   |   | 86,040 |   |
| GECS      corporate items and eliminations(b)                           |   | 5,635   |   |   | 4,973   |   |   | 5,818 |   |
| Total      revenues                                                     |   | 122,867 |   |   | 102,574 |   |   | 91,858 |   |
| Less      portion of GE revenues not included in GECS                   |   | (50,681 | )      |   | (40,948 | )      |   | (36,651 | ) |
| Total      revenues in GECS                                             | $      | 72,186  |   | $      | 61,626  |   | $ | 55,207 |   |
|                                                                    |   |    |   |   |    |   |   |   |   |
| Segment      profit                                                     |   |    |   |   |    |   |   |   |   |
| GE      Commercial Finance(a)                                           | $      | 6,039   |   | $      | 5,297   |   | $ | 4,487 |   |
| GE      Money                                                           |   | 4,280   |   |   | 3,267   |   |   | 2,527 |   |
| GE      Infrastructure                                                  |   | 10,810  |   |   | 8,848   |   |   | 7,711 |   |
| Total segment    profit                                                 |   | 21,129  |   |   | 17,412  |   |   | 14,725 |   |
| GECS      corporate items and eliminations(b)(c)                        |   | 174     |   |   | (178    | )      |   | 515 |   |
| Less      portion of GE segment profit not included in GECS             |   | (8,875  | )      |   | (6,979  | )      |   | (6,236 | ) |
| Earnings      in GECS from continuing operations                        |   | 12,428  |   |   | 10,255  |   |   | 9,004 |   |
| Earnings      (loss) in GECS from discontinued operations, net of taxes |   | (2,127  | )      |   | 403     |   |   | (1,427 | ) |
| Total      net earnings in GECS                                         | $      | 10,301  |   | $      | 10,658  |   | $ | 7,577 |   |
|                                                                    |   |    |   |   |    |   |   |   |   |

| (a) | During      the fourth quarter of 2007, we transferred the Equipment Services business      from the GE Industrial segment to the GE Commercial Finance segment, where      a portion of the business is reported in CapitalSolutions. |   |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | Included      the gain on sale of Swiss Re common stock $0.6 billion pre tax ($0.3      billion after tax) in 2007.                                                                                                                    |   |
| (c) | Included      restructuring and other charges for 2007 of $0.4 billion related to GE      Commercial Finance ($0.3 billion), primarily business exits and GE Money      ($0.1 billion), primarily portfolio exits.                     |   |

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

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| (In      millions)  | 2007   |   | 2006   |   | 2005   |   |
|---------------------|--------|--------|--------|--------|--------|--------|
|                |   |   |   |   |   |   |   |   |   |
| Revenues            | $      | 34,288 |   | $      | 30,853 |   | $ | 27,273 |   |
|                |   |   |   |   |   |   |   |   |   |
| Segment      profit | $      | 6,039  |   | $      | 5,297  |   | $ | 4,487 |   |

| December      31 (In millions) | 2007   |    | 2006   |   |    |   |
|--------------------------------|--------|---------|--------|--------|---------|--------|
|                           |   |    |   |   |    |   |   |   |   |
| Total      assets              | $      | 310,412 |   | $      | 252,901 |   |   |   |   |

| (In      millions)             | 2007   |    | 2006   |   | 2005    |   |
|--------------------------------|--------|---------|--------|--------|---------|--------|
|                           |   |    |   |   |    |   |   |   |   |
| Revenues      in GE            |   |    |   |   |    |   |   |   |   |
| CapitalSolutions               | $      | 14,354  |   | $      | 14,169  |   | $ | 13,162 |   |
| Real Estate                    |   | 7,021   |   |   | 5,020   |   |   | 3,492 |   |
|                           |   |    |   |   |    |   |   |   |   |
| Segment      profit in GE      |   |    |   |   |    |   |   |   |   |
| CapitalSolutions               | $      | 1,889   |   | $      | 1,789   |   | $ | 1,522 |   |
| Real Estate                    |   | 2,285   |   |   | 1,841   |   |   | 1,282 |   |
|                           |   |    |   |   |    |   |   |   |   |
| December      31 (In millions) | 2007   |    | 2006   |   |    |   |   |
|                           |   |    |   |   |    |   |   |   |   |
| Assets      in GE              |   |    |   |   |    |   |   |   |   |
| CapitalSolutions               | $      | 122,527 |   | $      | 100,882 |   |   |   |   |
| Real Estate                    |   | 79,285  |   |   | 53,786  |   |   |   |   |

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| (In      millions)                 | 2007   |    | 2006   |   | 2005    |   |
|------------------------------------|--------|---------|--------|--------|---------|--------|
|                               |   |    |   |   |    |   |   |   |   |
| Revenues                           | $      | 25,019  |   | $      | 19,783  |   | $ | 17,072 |   |
|                               |   |    |   |   |    |   |   |   |   |
| Segment      profit                | $      | 4,280   |   | $      | 3,267   |   | $ | 2,527 |   |
|                               |   |    |   |   |    |   |   |   |   |
| December      31(In      millions) | 2007   |    | 2006   |   |    |   |   |
|                               |   |    |   |   |    |   |   |   |   |
| Total      assets                  | $      | 210,952 |   | $      | 179,284 |   |   |   |   |

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| (In      millions)                                          | 2007   |    | 2006   |   | 2005    |   |
|-------------------------------------------------------------|--------|---------|--------|--------|---------|--------|
|                                                        |   |    |   |   |    |   |   |   |   |
| Revenues                                                    | $      | 57,925  |   | $      | 46,965  |   | $ | 41,695 |   |
| Less      portion of GE Infrastructure not included in GECS |   | (50,681 | )      |   | (40,948 | )      |   | (36,651 | ) |
| Total revenues in      GECS                                 | $      | 7,244   |   | $      | 6,017   |   | $ | 5,044 |   |
|                                                        |   |    |   |   |    |   |   |   |   |
| Segment      profit                                         | $      | 10,810  |   | $      | 8,848   |   | $ | 7,711 |   |
| Less      portion of GE Infrastructure not included in GECS |   | (8,875  | )      |   | (6,979  | )      |   | (6,236 | ) |
| Total segment profit in      GECS                           | $      | 1,935   |   | $      | 1,869   |   | $ | 1,475 |   |
|                                                        |   |    |   |   |    |   |   |   |   |
| Revenues      in GE                                         |   |    |   |   |    |   |   |   |   |
| Aviation                                                    | $      | 16,819  |   | $      | 13,017  |   | $ | 11,826 |   |
| Aviation Financial      Services                            |   | 4,605   |   |   | 4,177   |   |   | 3,504 |   |
| Energy                                                      |   | 21,825  |   |   | 18,793  |   |   | 16,501 |   |
| Energy Financial      Services                              |   | 2,405   |   |   | 1,664   |   |   | 1,349 |   |
| Oil & Gas                                               |   | 6,849   |   |   | 4,340   |   |   | 3,598 |   |
| Transportation                                              |   | 4,523   |   |   | 4,159   |   |   | 3,577 |   |
|                                                        |   |    |   |   |    |   |   |   |   |
| Segment      profit in GE                                   |   |    |   |   |    |   |   |   |   |
| Aviation                                                    | $      | 3,222   |   | $      | 2,802   |   | $ | 2,525 |   |
| Aviation Financial      Services                            |   | 1,155   |   |   | 1,108   |   |   | 764 |   |
| Energy                                                      |   | 3,824   |   |   | 2,906   |   |   | 2,662 |   |
| Energy Financial      Services                              |   | 724     |   |   | 695     |   |   | 646 |   |
| Oil & Gas                                               |   | 860     |   |   | 548     |   |   | 411 |   |
| Transportation                                              |   | 936     |   |   | 774     |   |   | 524 |   |

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| (In      millions)                                                      | 2007   |    | 2006   |   | 2005   |   |
|-------------------------------------------------------------------------|--------|---------|--------|--------|--------|--------|
|                                                                    |   |    |   |   |   |   |   |   |   |
| Earnings      (loss) in GECS from discontinued operations, net of taxes | $      | (2,127) |   | $      | 403    |   | $ | (1,427 | ) |

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| · | During      2007, we separately reported the assets and liabilities of Lake and WMC as      discontinued operations for all periods presented. As of December 31,      2007, we have completed the sale of WMC, reducing assets and liabilities      of discontinued operations by $4.5 billion and $0.1 billion,      respectively. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

| · | The      U.S. dollar was weaker at December 31, 2007, than it was at December 31,      2006, increasing the translated levels of our non-U.S. dollar assets and      liabilities. Overall, on average, the U.S. dollar in 2007 was weaker than      during the comparable 2006 period, resulting in increasing the translated      levels of our operations as noted in the preceding Operations      section. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| December      31           | 2007   |   | 2006   |   | 2005   |   |
|----------------------------|--------|--------|--------|--------|--------|--------|
|                       |   |   |   |   |   |   |   |   |   |
| GE      Commercial Finance |   | 1.21   | %      |   | 1.22   | %      |   | 1.31 | % |
| GE      Money              |   | 5.36   |   |   | 5.21   |   |   | 5.34 |   |
| U.S.                       |   | 5.52   |   |   | 4.93   |   |   | 5.00 |   |
| Non-U.S.                   |   | 5.30   |   |   | 5.32   |   |   | 5.47 |   |

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| • | It      is our policy to minimize exposure to interest rate changes. We fund our      financial investments using debt or a combination of debt and hedging      instruments so that the interest rates and terms of our borrowings match      the expected yields and terms on our assets. To test the effectiveness of      our positions, we assumed that, on January 1, 2008, interest rates      increased by 100 basis points across the yield curve (a “parallel shift”      in that curve) and further assumed that the increase remained in place for      2008. We estimated, based on the year-end 2007 portfolio and holding      everything else constant, that our 2008 net earnings would decline by $0.1      billion. |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | It      is our policy to minimize currency exposures and to conduct operations      either within functional currencies or using the protection of hedge      strategies. We analyzed year-end 2007 consolidated currency exposures,      including derivatives designated and effective as hedges, to identify      assets and liabilities denominated in other than their relevant functional      currencies. For such assets and liabilities, we then evaluated the effects      of a 10% shift in exchange rates between those currencies and the U.S.      dollar. This analysis indicated that there would be an inconsequential      effect on 2008 earnings of such a shift in exchange  rates. |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                              | Payments      due by period |   |   |
|---------------------------------------------------|-----------------------------|--------|--------|
| (In      billions)                                | Total                       |   | 2008   |   | 2009-2010 |   | 2011-2012 |   | 2013      andthereafter |   |   |
|                                              |                        |   |   |   |   |   |   |   |   |   |
| Borrowings      (note 11)                         | $                           | 500.9  |   | $ | 192.4 |   | $ | 117.8 |   |   | $ | 71.5 |   |   | $ | 119.2 |   |   |
|                                              |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest      on borrowings                       |                        | 146.0  |   |   | 23.0 |   |   | 32.0 |   |   |   | 19.0 |   |   |   | 72.0 |   |   |
|                                              |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating      lease obligations (note 4)         |                        | 3.7    |   |   | 0.8 |   |   | 1.2 |   |   |   | 0.7 |   |   |   | 1.0 |   |   |
|                                              |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Purchase      obligations(a)(b)                   |                        | 39.0   |   |   | 23.0 |   |   | 9.0 |   |   |   | 7.0 |   |   |   | − |   |   |
|                                              |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Insurance      liabilities (note      12)(c) |                        | 24.0   |   |   | 2.0 |   |   | 6.0 |   |   |   | 3.0 |   |   |   | 13.0 |   |   |
|                                              |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other      liabilities(d)                         |                        | 21.0   |   |   | 18.0 |   |   | 1.0 |   |   |   | − |   |   |   | 2.0 |   |   |
|                                              |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Contractual      obligations of                   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| discontinued operations(e)                        |                        | 1.0    |   |   | 1.0 |   |   | – |   |   |   | – |   |   |   | – |   |   |
|                                              |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a) | Included      all take-or-pay arrangements, capital expenditures, contractual      commitments to purchase equipment that will be leased to others, software      acquisition/license commitments and any contractually required cash      payments for acquisitions.                                                                                                                                    |   |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | Excluded      funding commitments entered into in the ordinary course of business.      Further information on these commitments and other guarantees is provided      in note 20.                                                                                                                                                                                                                       |   |
| (c) | Included      guaranteed investment contracts, structured settlements and single premium      immediate annuities based on scheduled payouts, as well as those contracts      with reasonably determinable cash flows such as deferred annuities,      universal life, term life, long-term care, whole life and other life      insurance contracts.                                                    |   |
| (d) | Included      an estimate of future expected funding requirements related to our pension      benefit plans. Because their future cash outflows are uncertain, the      following non-current liabilities are excluded from the table above:      deferred taxes, derivatives, deferred revenue and other sundry items. See      notes 13 and 18 for further information on certain of these      items. |   |
| (e) | Included      payments for other liabilities.                                                                                                                                                                                                                                                                                                                                                            |   |

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| • | Earnings      and profitability, revenue growth, the breadth and diversity of sources of      income and return on assets |
|---------|---------------------------------------------------------------------------------------------------------------------------|

| • | Asset      quality, including delinquency and write-off ratios and reserve      coverage |
|---------|------------------------------------------------------------------------------------------|

| • | Funding      and liquidity, including cash generated from operating activities,      leverage ratios such as debt-to-capital, market access, back-up liquidity      from banks and other sources, composition of total debt and interest      coverage |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | Capital      adequacy, including required capital and tangible leverage      ratios |
|---------|-------------------------------------------------------------------------------------|

| • | Franchise      strength, including competitive advantage and market conditions and      position |
|---------|--------------------------------------------------------------------------------------------------|

| • | Strength      of management, including experience, corporate governance and strategic      thinking |
|---------|-----------------------------------------------------------------------------------------------------|

| • | Financial      reporting quality, including clarity, completeness and transparency of all      financial performancecommunications |
|---------|------------------------------------------------------------------------------------------------------------------------------------|

----

| • | Swap,      forward and option contracts are required to be executed under standard      master-netting agreements containing mutual downgrade provisions that      provide the ability of the counterparty to require assignment or      termination if the long-term credit rating of GECS were to fall below      A-/A3. Our related obligation, net of master-netting agreements would have      been $3.0 billion at December 31,2007. |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | If      GE Capital’s ratio of earnings to fixed charges, which was 1.56:1 at the      end of 2007, were to deteriorate to 1.10:1, GE has committed to contribute      capital to GE Capital. GE also guaranteed certain issuances of our      subordinated debt having a face amount of $0.8 billion at December 31,      2007 and 2006. |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | In      connection with certain subordinated debentures for which GECS receives      equity credit by rating agencies, GE has agreed to forego dividends,      distributions or other payments from GECS during events of default or      interest extensions under such subordinated debentures. There were $8.1      billion of such debentures outstanding at December 31,    2007. |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | If      the short-term credit rating of GE Capital or certain consolidated      entities discussed further in note 19 were to be reduced below A-1/P-1, GE      Capital would be required to provide substitute liquidity for those      entities or provide funds to retire the outstanding commercial paper. The      maximum net amount that GE Capital would be required to provide in the      event of such a downgrade is determined by contract, and amounted to $7.2      billion at January 1, 2008. |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| • | One      group of consolidated entities holds high quality investment securities      funded by the issuance of GICs. 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 up to $6.2      billion of capital to suchentities. |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

----

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

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

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

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

| • | Average      total shareowner’s equity, excluding effects of discontinued      operations |
|---------|-------------------------------------------------------------------------------------------------|

| • | Delinquency      rates on certain financing receivables of the GE Commercial Finance and GE      Money segments for 2007, 2006 and2005 |
|---------|----------------------------------------------------------------------------------------------------------------------------------------|

----

| December      31(In      millions)                      | 2007   |    | 2006   |   | 2005    |   | 2004   |   | 2003   |   |
|---------------------------------------------------------|--------|---------|--------|--------|---------|--------|--------|--------|--------|--------|
|                                                    |   |    |   |   |    |   |   |   |   |   |   |   |   |   |   |
| Average      total shareowner’s equity(b)         | $      | 55,144  |   | $      | 50,769  |   | $      | 54,229 |   | $      | 48,989 |   | $ | 41,980 |   |
| Less      the effects of                                |   |    |   |   |    |   |   |   |   |   |   |   |   |   |   |
| Cumulative earnings      from                           |   |    |   |   |    |   |   |   |   |   |   |   |   |   |   |
| discontinued      operations                            |   | – |   |   | – |   |   | 2,094  |   |   | 2,985 |   |   | 1,543 |   |
| Average net investment in      discontinued             |   |    |   |   |    |   |   |   |   |   |   |   |   |   |   |
| operations                                              |   | (394    | )      |   | 4,008   |   |   | 5,066  |   |   | – |   |   | – |   |
| Average      total shareowner’s equity, excluding |   |    |   |   |    |   |   |   |   |   |   |   |   |   |   |
| effects of discontinued      operations(a)              | $      | 55,538  |   | $      | 46,761  |   | $      | 47,069 |   | $      | 46,004 |   | $ | 40,437 |   |
|                                                    |   |    |   |   |    |   |   |   |   |   |   |   |   |   |   |

| (a) | Used      for computing return on average shareowner’s equity shown in the Selected      Financial Data section. |   |
|-----|------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | On      an annual basis, calculated using a five-point average.                                                        |   |

| December      31 | 2007   |   | 2006   |   | 2005   |   |
|------------------|--------|--------|--------|--------|--------|--------|
|             |   |   |   |   |   |   |
| Managed          | 1.21   | %      | 1.22   | %      | 1.31   | %      |
| Off-book         | 0.71   |   | 0.52   |   | 0.76   |   |
| On-book          | 1.33   |   | 1.42   |   | 1.53   |   |

----

| December      31 | 2007   |   | 2006   |   | 2005   |   |
|------------------|--------|--------|--------|--------|--------|--------|
|             |   |   |   |   |   |   |
| Managed          | 5.36   | %      | 5.21   | %      | 5.34   | %      |
| U.S.             | 5.52   |   | 4.93   |   | 5.00   |   |
| Non-U.S.         | 5.30   |   | 5.32   |   | 5.47   |   |
| Off–book   | 6.59   |   | 5.49   |   | 5.28   |   |
| U.S.             | 6.64   |   | 5.49   |   | 5.28   |   |
| Non-U.S.         | (a     | )      | (a     | )      | (a     | )      |
| On–book    | 5.20   |   | 5.19   |   | 5.35   |   |
| U.S.             | 4.78   |   | 4.70   |   | 4.89   |   |
| Non-U.S.         | 5.31   |   | 5.32   |   | 5.47   |   |

| (a) | Not      meaningful. |   |
|-----|----------------------|--------|

Item 7A. Quantitative andQualitative Disclosures About Market Risk.

----

Item 8. Financial Statements andSupplementary Data.

----

----

| For      the years ended December 31 (In millions)                                    | 2007   |   | 2006   |   | 2005   |   |
|---------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                                                  |   |   |   |   |   |   |   |   |   |
| Revenues                                                                              |   |   |   |   |   |   |   |   |   |
| Revenues      from services (note 3)                                                  | $      | 71,468 |   | $      | 59,242 |   | $ | 52,679 |   |
| Sales      of goods                                                                   |   | 718    |   |   | 2,384  |   |   | 2,528 |   |
| Total revenues                                                                        |   | 72,186 |   |   | 61,626 |   |   | 55,207 |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |
| Costs      and expenses                                                               |   |   |   |   |   |   |   |   |   |
| Interest                                                                              |   | 22,731 |   |   | 17,857 |   |   | 14,045 |   |
| Operating      and administrative (note 4)                                            |   | 18,532 |   |   | 16,619 |   |   | 15,632 |   |
| Cost      of goods sold                                                               |   | 628    |   |   | 2,204  |   |   | 2,369 |   |
| Investment      contracts, insurance losses and insurance annuity      benefits  |   | 3,647  |   |   | 3,419  |   |   | 3,574 |   |
| Provision      for losses on financing receivables (note 7)                           |   | 4,546  |   |   | 3,130  |   |   | 3,239 |   |
| Depreciation      and amortization (note 8)                                           |   | 8,129  |   |   | 6,506  |   |   | 5,996 |   |
| Minority      interest in net earnings of consolidated affiliates                     |   | 209    |   |   | 238    |   |   | 202 |   |
| Total costs and      expenses                                                         |   | 58,422 |   |   | 49,973 |   |   | 45,057 |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |
| Earnings      from continuing operations before income taxes                          |   | 13,764 |   |   | 11,653 |   |   | 10,150 |   |
| Provision      for income taxes (note 13)                                             |   | (1,336 | )      |   | (1,398 | )      |   | (1,146 | ) |
|                                                                                  |   |   |   |   |   |   |   |   |   |
| Earnings      from continuing operations                                              |   | 12,428 |   |   | 10,255 |   |   | 9,004 |   |
| Earnings      (loss) from discontinued operations, net of taxes (note 2)              |   | (2,127 | )      |   | 403    |   |   | (1,427 | ) |
| Net      earnings                                                                     | $      | 10,301 |   | $      | 10,658 |   | $ | 7,577 |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |
| Statement      of Changes in Shareowner’s Equity                                |   |   |   |   |   |   |   |   |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |
| (In      millions)                                                                    | 2007   |   | 2006   |   | 2005   |   |
| Changes in shareowner’s      equity (note 15)                                   |   |   |   |   |   |   |   |   |   |
| Balance      at January 1                                                             | $      | 54,097 |   | $      | 50,812 |   | $ | 54,379 |   |
| Dividends      and other transactions with shareowner                                 |   | (7,413 | )      |   | (9,836 | )      |   | (7,800 | ) |
| Changes      other than transactions with shareowner                                  |   |   |   |   |   |   |   |   |   |
| Investment securities –      net                                                |   | (1,484 | )      |   | (160   | )      |   | (591 | ) |
| Currency translation adjustments      – net                                     |   | 2,635  |   |   | 2,550  |   |   | (2,817 | ) |
| Cash flow hedges –      net                                                     |   | (556   | )      |   | 172    |   |   | 93 |   |
| Benefit plans –    net                                                          |   | 173    |   |   | 20     |   |   | (29 | ) |
| Total changes other than      earnings                                                |   | 768    |   |   | 2,582  |   |   | (3,344 | ) |
| Increases attributable to net      earnings                                           |   | 10,301 |   |   | 10,658 |   |   | 7,577 |   |
| Total changes other than      transactions with shareowner                            |   | 11,069 |   |   | 13,240 |   |   | 4,233 |   |
| Cumulative      effect of changes in accounting principles(a)                         |   | (77    | )      |   | (119   | )      |   | – |   |
| Balance      at December 31                                                           | $      | 57,676 |   | $      | 54,097 |   | $ | 50,812 |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |

| (a) | The      effect of the 2006 accounting change was previously included in the      caption “Benefit plans – net.” |   |
|-----|------------------------------------------------------------------------------------------------------------------------------------|--------|

| See      accompanying notes. |   |
|------------------------------|--------|
|                         |   |

----

| At      December 31 (In millions, except share amounts)                                                                                                                                 | 2007   |    | 2006   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------|--------|--------|
|                                                                                                                                                                                    |   |    |   |   |   |   |
| Assets                                                                                                                                                                                  |   |    |   |   |   |   |
| Cash      and equivalents                                                                                                                                                               | $      | 9,455   |   | $      | 12,452 |   |
| Investment      securities (note 5)                                                                                                                                                     |   | 45,093  |   |   | 47,472 |   |
| Inventories                                                                                                                                                                             |   | 63      |   |   | 54 |   |
| Financing      receivables – net (notes 6 and 7)                                                                                                                                  |   | 385,604 |   |   | 328,589 |   |
| Other      receivables                                                                                                                                                                  |   | 22,091  |   |   | 21,690 |   |
| Property,      plant and equipment – net (note 8)                                                                                                                                 |   | 63,753  |   |   | 57,975 |   |
| Goodwill      (note 9)                                                                                                                                                                  |   | 25,427  |   |   | 22,754 |   |
| Other      intangible assets – net (note 9)                                                                                                                                       |   | 4,545   |   |   | 3,176 |   |
| Other      assets (note 10)                                                                                                                                                             |   | 83,405  |   |   | 59,387 |   |
| Assets      of discontinued operations (note 2)                                                                                                                                         |   | 6,703   |   |   | 11,119 |   |
| Total      assets                                                                                                                                                                       | $      | 646,139 |   | $      | 564,668 |   |
|                                                                                                                                                                                    |   |    |   |   |   |   |
| Liabilities      and equity                                                                                                                                                             |   |    |   |   |   |   |
| Short-term      borrowings (note 11)                                                                                                                                                    | $      | 192,421 |   | $      | 173,313 |   |
| Accounts      payable                                                                                                                                                                   |   | 14,774  |   |   | 13,803 |   |
| Long-term      borrowings (note 11)                                                                                                                                                     |   | 308,504 |   |   | 252,953 |   |
| Investment      contracts, insurance liabilities and insurance annuity benefits (note      12)                                                                                          |   | 34,359  |   |   | 34,807 |   |
| Other      liabilities                                                                                                                                                                  |   | 26,625  |   |   | 20,691 |   |
| Deferred      income taxes (note 13)                                                                                                                                                    |   | 8,753   |   |   | 12,570 |   |
| Liabilities      of discontinued operations (note 2)                                                                                                                                    |   | 1,526   |   |   | 485 |   |
| Totalliabilities                                                                                                                                                                        |   | 586,962 |   |   | 508,622 |   |
|                                                                                                                                                                                    |   |    |   |   |   |   |
| Minority      interest in equity of consolidated affiliates (note 14)                                                                                                                   |   | 1,501   |   |   | 1,949 |   |
|                                                                                                                                                                                    |   |    |   |   |   |   |
| Cumulative      preferred stock, $10,000 par value (80,000 shares authorized;51,000 shares issued and held      primarily by consolidatedaffiliates at December 31, 2007      and 2006) |   | 10      |   |   | 10 |   |
| Common      stock, $1,000 par value (1,260 shares authorized atDecember 31, 2007 and 2006, and      1,064 shares issued andoutstanding at December 31, 2007      and 2006)              |   | 1       |   |   | 1 |   |
| Accumulated      gains (losses) – net                                                                                                                                             |   |    |   |   |   |   |
| Investment      securities                                                                                                                                                              |   | 110     |   |   | 1,594 |   |
| Currency translation      adjustments                                                                                                                                                   |   | 7,472   |   |   | 4,837 |   |
| Cash flow hedges                                                                                                                                                                        |   | (727    | )      |   | (171 | ) |
| Benefit plans                                                                                                                                                                           |   | (105    | )      |   | (278 | ) |
| Additional      paid-in capital                                                                                                                                                         |   | 12,564  |   |   | 12,527 |   |
| Retained      earnings                                                                                                                                                                  |   | 38,351  |   |   | 35,577 |   |
| Total shareowner’s equity (note      15)                                                                                                                                          |   | 57,676  |   |   | 54,097 |   |
| Total      liabilities and equity                                                                                                                                                       | $      | 646,139 |   | $      | 564,668 |   |
|                                                                                                                                                                                    |   |    |   |   |   |   |

| The      sum of accumulated gains (losses) on investment securities, currency      translation adjustments, cash flow hedges and benefit plans constitutes      “Accumulated nonowner changes other than earnings,” as shown in note 15,      and was $6,750 million and $5,982 million at December 31, 2007 and 2006,      respectively. |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| See      accompanying notes.                                                                                                                                                                                                                                                                                                                          |   |

----

| For      the years ended December 31 (In millions)                                | 2007   |    | 2006   |   | 2005    |   |
|-----------------------------------------------------------------------------------|--------|---------|--------|--------|---------|--------|
|                                                                              |   |    |   |   |    |   |   |   |   |
| Cash      flows – operating activities                                      |   |    |   |   |    |   |   |   |   |
| Net      earnings                                                                 | $      | 10,301  |   | $      | 10,658  |   | $ | 7,577 |   |
| Loss      (earnings) from discontinued operations                                 |   | 2,127   |   |   | (403    | )      |   | 1,427 |   |
| Adjustments      to reconcile net earnings to cash provided                       |   |    |   |   |    |   |   |   |   |
| from operating      activities                                                    |   |    |   |   |    |   |   |   |   |
| Depreciation and amortization      of property, plant and equipment               |   | 8,129   |   |   | 6,506   |   |   | 5,996 |   |
| Deferred income      taxes                                                        |   | 59      |   |   | 1,007   |   |   | (944 | ) |
| Decrease (increase) in      inventories                                           |   | 2       |   |   | (23     | )      |   | 30 |   |
| Increase (decrease) in accounts      payable                                      |   | 1,784   |   |   | 185     |   |   | (310 | ) |
| Provision for losses on      financing receivables                                |   | 4,546   |   |   | 3,130   |   |   | 3,239 |   |
| All other operating activities      (note 16)                                     |   | (524    | )      |   | 723     |   |   | 1,918 |   |
| Cash      from operating activities – continuing operations                 |   | 26,424  |   |   | 21,783  |   |   | 18,933 |   |
| Cash      from (used for) operating activities – discontinued    operations |   | 3,839   |   |   | (2,245  | )      |   | 5,881 |   |
| Cash      from operating activities                                               |   | 30,263  |   |   | 19,538  |   |   | 24,814 |   |
|                                                                              |   |    |   |   |    |   |   |   |   |
| Cash      flows – investing activities                                      |   |    |   |   |    |   |   |   |   |
| Additions      to property, plant and equipment                                   |   | (15,219 | )      |   | (13,170 | )      |   | (11,597 | ) |
| Dispositions      of property, plant and equipment                                |   | 8,460   |   |   | 6,796   |   |   | 6,019 |   |
| Net      increase in financing receivables (note 16)                              |   | (45,368 | )      |   | (40,563 | )      |   | (16,388 | ) |
| Proceeds      from sales of discontinued operations                               |   | 117     |   |   | 9,022   |   |   | 8,106 |   |
| Proceeds      from principal business dispositions                                |   | 1,699   |   |   | 386     |   |   | 209 |   |
| Payments      for principal businesses purchased                                  |   | (7,570  | )      |   | (7,299  | )      |   | (7,167 | ) |
| All      other investing activities (note 16)                                     |   | (8,931  | )      |   | (5,945  | )      |   | (2,444 | ) |
| Cash      used for investing activities – continuing operations             |   | (66,812 | )      |   | (50,773 | )      |   | (23,262 | ) |
| Cash      used for investing activities – discontinued operations           |   | (3,726  | )      |   | (487    | )      |   | (6,585 | ) |
| Cash      used for investing activities                                           |   | (70,538 | )      |   | (51,260 | )      |   | (29,847 | ) |
|                                                                              |   |    |   |   |    |   |   |   |   |
| Cash      flows – financing activities                                      |   |    |   |   |    |   |   |   |   |
| Net      increase (decrease) in borrowings (maturities of 90 days or      less)   |   | 3,398   |   |   | 6,464   |   |   | (4,040 | ) |
| Newly      issued debt (maturities longer than 90 days) (note 16)                 |   | 92,016  |   |   | 88,276  |   |   | 65,055 |   |
| Repayments      and other reductions (maturities longer                           |   |    |   |   |    |   |   |   |   |
| than 90 days) (note      16)                                                      |   | (49,528 | )      |   | (49,244 | )      |   | (49,706 | ) |
| Dividends      paid to shareowner                                                 |   | (7,291  | )      |   | (9,847  | )      |   | (7,816 | ) |
| All      other financing activities (note 16)                                     |   | (1,204  | )      |   | (1,174  | )      |   | (1,128 | ) |
| Cash      from financing activities – continuing operations                 |   | 37,391  |   |   | 34,475  |   |   | 2,365 |   |
| Cash      from (used for) financing activities – discontinued    operations |   | (6      | )      |   | (230    | )      |   | 407 |   |
| Cash      from financing activities                                               |   | 37,385  |   |   | 34,245  |   |   | 2,772 |   |
|                                                                              |   |    |   |   |    |   |   |   |   |
| Increase      (decrease) in cash and equivalents during year                      |   | (2,890  | )      |   | 2,523   |   |   | (2,261 | ) |
| Cash      and equivalents at beginning of year                                    |   | 12,629  |   |   | 10,106  |   |   | 12,367 |   |
| Cash      and equivalents at end of year                                          |   | 9,739   |   |   | 12,629  |   |   | 10,106 |   |
| Less      cash and equivalents of discontinued operations at end of    year       |   | 284     |   |   | 177     |   |   | 3,139 |   |
| Cash      and equivalents of continuing operations at end of year                 | $      | 9,455   |   | $      | 12,452  |   | $ | 6,967 |   |
|                                                                              |   |    |   |   |    |   |   |   |   |
| Supplemental      disclosure of cash flows information                            |   |    |   |   |    |   |   |   |   |
| Cash      paid during the year for interest                                       | $      | (21,874 | )      | $      | (17,095 | )      | $ | (15,518 | ) |
| Cash      recovered (paid) during the year for income taxes                       |   | 1,124   |   |   | (666    | )      |   | (1,425 | ) |
|                                                                              |   |    |   |   |    |   |   |   |   |

| See      accompanying notes. |
|------------------------------|

----

| • | Consolidated This      represents the adding together of all affiliates, giving effect to the      elimination of transactions betweenaffiliates. |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------|

| • | Operating Segments These      comprise our three businesses, focused on the broad markets they serve: GE      Commercial Finance, GE Money, and GE Infrastructure. For segment reporting      purposes, certain financial services businesses including Aviation      Financial Services, Energy Financial Services and Transportation Finance      are reported in the GE Infrastructure segment because GE Infrastructure      actively manages such businesses and reports their results for internal      performance measurement purposes. During the fourth quarter of 2007, we      transferred the Equipment Services business from the GE Industrial segment      to the GE Commercial Finance segment, where a portion of the business is      reported in Capital Solutions. Prior period information has been      reclassified to be consistent with the current    organization. |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

----

----

----

| (In      millions)                                                                   | 2007   |   | 2006   |   | 2005   |   |
|--------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                                                 |   |   |   |   |   |   |   |   |   |
| Operations                                                                           |   |   |   |   |   |   |   |   |   |
| Total      revenues                                                                  | $      | (368   | )      | $      | 6,892  |   | $ | 19,989 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |
| Earnings      (loss) from discontinued operations before income taxes                | $      | (2,211 | )      | $      | 599    |   | $ | (1,457 | ) |
| Income      tax benefit (expense)                                                    |   | 956    |   |   | (15    | )      |   | 412 |   |
| Earnings      (loss) from discontinued operations before disposal, net of      taxes | $      | (1,255 | )      | $      | 584    |   | $ | (1,045 | ) |
|                                                                                 |   |   |   |   |   |   |   |   |   |
| Disposal                                                                             |   |   |   |   |   |   |   |   |   |
| Gain      (loss) on disposal before income taxes                                     | $      | (1,510 | )      | $      | (75    | )      | $ | 629 |   |
| Income      tax benefit (expense)                                                    |   | 638    |   |   | (106   | )      |   | (1,011 | ) |
| Loss      on disposal, net of taxes                                                  | $      | (872   | )      | $      | (181   | )      | $ | (382 | ) |
|                                                                                 |   |   |   |   |   |   |   |   |   |
| Earnings      (loss) from discontinued operations, net of taxes                      | $      | (2,127 | )      | $      | 403    |   | $ | (1,427 | ) |
|                                                                                 |   |   |   |   |   |   |   |   |   |

| December      31 (In millions)              |   |   | 2007   |   | 2006   |   |
|---------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                        |   |   |   |   |   |   |   |   |   |
| Assets                                      |   |   |   |   |   |   |   |   |   |
| Cash      and equivalents                   |   |   |   | $      | 284    |   | $ | 177 |   |
| Financing      receivables – net      |   |   |   |   | 5,138  |   |   | 5,643 |   |
| Other      assets                           |   |   |   |   | 115    |   |   | 4,823 |   |
| Other                                       |   |   |   |   | 1,166  |   |   | 476 |   |
| Assets      of discontinued operations      |   |   |   | $      | 6,703  |   | $ | 11,119 |   |
|                                        |   |   |   |   |   |   |   |   |   |
| Liabilities                                 |   |   |   |   |   |   |   |   |   |
| Liabilities      of discontinued operations |   |   |   | $      | 1,526  |   | $ | 485 |   |
|                                        |   |   |   |   |   |   |   |   |   |

----

| (In      millions)                           | 2007   |   | 2006   |   | 2005   |   |
|----------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                         |   |   |   |   |   |   |   |   |   |
| Interest      on loans                       | $      | 24,034 |   | $      | 20,755 |   | $ | 18,078 |   |
| Equipment      leased to others              |   | 15,260 |   |   | 12,940 |   |   | 11,587 |   |
| Fees                                         |   | 6,544  |   |   | 5,383  |   |   | 4,902 |   |
| Investment      income(a)                    |   | 4,724  |   |   | 3,115  |   |   | 3,134 |   |
| Financing      leases                        |   | 4,699  |   |   | 4,298  |   |   | 3,990 |   |
| Real      estate investments                 |   | 4,669  |   |   | 3,138  |   |   | 1,919 |   |
| Premiums      earned by insurance activities |   | 2,232  |   |   | 2,084  |   |   | 2,333 |   |
| Associated      companies                    |   | 2,172  |   |   | 2,079  |   |   | 1,320 |   |
| Gross      securitization gains              |   | 1,812  |   |   | 1,187  |   |   | 1,051 |   |
| Other      items                             |   | 5,322  |   |   | 4,263  |   |   | 4,365 |   |
| Total                                        | $      | 71,468 |   | $      | 59,242 |   | $ | 52,679 |   |
|                                         |   |   |   |   |   |   |   |   |   |

| (a) | Included      gain on sale of Swiss Re common stock of $566 million in    2007. |   |
|-----|---------------------------------------------------------------------------------|--------|

| (In      millions)          | 2007   |   | 2006   |   | 2005   |   |
|-----------------------------|--------|--------|--------|--------|--------|--------|
|                        |   |   |   |   |   |   |
| Equipment      for sublease | $      | 422    |   | $      | 405    |   | $ | 385 |   |
| Other      rental expense   |   | 600    |   |   | 522    |   |   | 533 |   |

| (In      millions) |   |   |   |   |   |   |   |   |   |
|--------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|               |   |   |   |   |   |   |   |   |   |
| 2008               |   | 2009   |   | 2010   |   | 2011   |   | 2012   |   |
| $                  | 752    |   | $      | 691    |   | $      | 515    |   | $      | 395 |   | $ | 337 |   |

----

| December      31 (In millions)          | Amortizedcost |   | Grossunrealizedgains |   | Grossunrealizedlosses |   | Estimatedfair      value |    |
|-----------------------------------------|---------------|--------|----------------------|--------|-----------------------|--------|--------------------------|---------|
|                                    |          |   |                 |   |                  |   |                     |    |   |   |   |   |
| 2007                                    |          |   |                 |   |                  |   |                     |    |   |   |   |   |
| Debt                                    |          |   |                 |   |                  |   |                     |    |   |   |   |   |
| U.S. corporate                          | $             | 21,936 |                 | $      | 725                   |   | $                        | (669    | ) | $ | 21,992 |   |
| State and    municipal                  |          | 1,106  |                 |   | 28                    |   |                     | (8      | ) |   | 1,126 |   |
| Residential mortgage-backed(a)          |          | 5,677  |                 |   | 22                    |   |                     | (225    | ) |   | 5,474 |   |
| Commercial      mortgage-backed         |          | 2,930  |                 |   | 15                    |   |                     | (49     | ) |   | 2,896 |   |
| Asset-backed                            |          | 2,307  |                 |   | 3                     |   |                     | (89     | ) |   | 2,221 |   |
| Corporate –    non-U.S.           |          | 1,489  |                 |   | 47                    |   |                     | (11     | ) |   | 1,525 |   |
| Government –      non-U.S.        |          | 1,082  |                 |   | 70                    |   |                     | (10     | ) |   | 1,142 |   |
| U.S. government and federal      agency |          | 832    |                 |   | 55                    |   |                     | (37     | ) |   | 850 |   |
| Retained      interests(b)(c)           |          | 5,691  |                 |   | 178                   |   |                     | (57     | ) |   | 5,812 |   |
| Equity                                  |          |   |                 |   |                  |   |                     |    |   |   |   |   |
| Available-for-sale                      |          | 1,524  |                 |   | 265                   |   |                     | (120    | ) |   | 1,669 |   |
| Trading                                 |          | 386    |                 |   | −               |   |                     | − |   |   | 386 |   |
| Total                                   | $             | 44,960 |                 | $      | 1,408                 |   | $                        | (1,275  | ) | $ | 45,093 |   |
|                                    |          |   |                 |   |                  |   |                     |    |   |   |   |   |
| 2006                                    |          |   |                 |   |                  |   |                     |    |   |   |   |   |
| Debt                                    |          |   |                 |   |                  |   |                     |    |   |   |   |   |
| U.S. corporate                          | $             | 21,129 |                 | $      | 1,039                 |   | $                        | (202    | ) | $ | 21,966 |   |
| State and    municipal                  |          | 826    |                 |   | 38                    |   |                     | (4      | ) |   | 860 |   |
| Residential mortgage-backed(a)          |          | 6,476  |                 |   | 18                    |   |                     | (21     | ) |   | 6,473 |   |
| Commercial      mortgage-backed         |          | 2,322  |                 |   | 18                    |   |                     | (25     | ) |   | 2,315 |   |
| Asset-backed                            |          | 2,071  |                 |   | 5                     |   |                     | (11     | ) |   | 2,065 |   |
| Corporate –    non-U.S.           |          | 1,664  |                 |   | 92                    |   |                     | (5      | ) |   | 1,751 |   |
| Government –      non-U.S.        |          | 1,296  |                 |   | 105                   |   |                     | (3      | ) |   | 1,398 |   |
| U.S. government and federal      agency |          | 842    |                 |   | 47                    |   |                     | (6      | ) |   | 883 |   |
| Retained      interests                 |          | 3,794  |                 |   | 434                   |   |                     | (13     | ) |   | 4,215 |   |
| Equity                                  |          |   |                 |   |                  |   |                     |    |   |   |   |   |
| Available-for-sale                      |          | 4,446  |                 |   | 1,060                 |   |                     | (14     | ) |   | 5,492 |   |
| Trading                                 |          | 54     |                 |   | −               |   |                     | − |   |   | 54 |   |
| Total                                   | $             | 44,920 |                 | $      | 2,856                 |   | $                        | (304    | ) | $ | 47,472 |   |
|                                    |          |   |                 |   |                  |   |                     |    |   |   |   |   |

| (a)    | Substantially      collateralized by U.S. mortgages.                                                                                                                                            |   |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b)    | Included      $2,339 million of retained interests at December 31, 2007, accounted for      in accordance with SFAS 155, Accounting for Certain Hybrid      Financial Instruments. See note 19. |   |
| (c)    | Amortized      cost and estimated fair value included $25 million of trading securities      at December 31, 2007.                                                                              |   |
|   |                                                                                                                                                                                            |   |

----

|                                    | In      loss position for |   |
|-----------------------------------------|---------------------------|--------|
|                                    | Less      than 12 months  |   | 12      months or more |   |
| December      31 (In millions)          | Estimatedfair      value  |   | Grossunrealizedlosses |   | Estimatedfair      value |   | Grossunrealizedlosses |   |
|                                    |                      |   |   |   |   |   |   |   |   |   |   |   |
| 2007                                    |                      |   |   |   |   |   |   |   |   |   |   |   |
| Debt                                    |                      |   |   |   |   |   |   |   |   |   |   |   |
| U.S. corporate                          | $                         | 5,766  |   | $ | (274 | ) | $ | 4,341 |   | $ | (395 | ) |
| State and    municipal                  |                      | 198    |   |   | (3 | ) |   | 131 |   |   | (5 | ) |
| Residential      mortgage-backed        |                      | 3,268  |   |   | (160 | ) |   | 1,223 |   |   | (65 | ) |
| Commercial      mortgage-backed         |                      | 1,483  |   |   | (33 | ) |   | 848 |   |   | (16 | ) |
| Asset-backed                            |                      | 1,417  |   |   | (62 | ) |   | 478 |   |   | (27 | ) |
| Corporate –    non-U.S.           |                      | 505    |   |   | (8 | ) |   | 124 |   |   | (3 | ) |
| Government –      non-U.S.        |                      | 29     |   |   | (1 | ) |   | 311 |   |   | (9 | ) |
| U.S. government and federal      agency |                      | 255    |   |   | (37 | ) |   | – |   |   | – |   |
| Retained      interests                 |                      | 548    |   |   | (50 | ) |   | 10 |   |   | (7 | ) |
| Equity                                  |                      | 442    |   |   | (104 | ) |   | 17 |   |   | (16 | ) |
| Total                                   | $                         | 13,911 |   | $ | (732 | ) | $ | 7,483 |   | $ | (543 | ) |
|                                    |                      |   |   |   |   |   |   |   |   |   |   |   |
| 2006                                    |                      |   |   |   |   |   |   |   |   |   |   |   |
| Debt                                    |                      |   |   |   |   |   |   |   |   |   |   |   |
| U.S. corporate                          | $                         | 2,483  |   | $ | (52 | ) | $ | 4,242 |   | $ | (150 | ) |
| State and    municipal                  |                      | 149    |   |   | (2 | ) |   | 70 |   |   | (2 | ) |
| Residential      mortgage-backed        |                      | 1,149  |   |   | (3 | ) |   | 776 |   |   | (18 | ) |
| Commercial      mortgage-backed         |                      | 442    |   |   | (2 | ) |   | 1,010 |   |   | (23 | ) |
| Asset-backed                            |                      | 260    |   |   | (2 | ) |   | 611 |   |   | (9 | ) |
| Corporate –    non-U.S.           |                      | 112    |   |   | (3 | ) |   | 93 |   |   | (2 | ) |
| Government –      non-U.S.        |                      | 33     |   |   | (3 | ) |   | – |   |   | – |   |
| U.S. government and federal      agency |                      | 66     |   |   | (1 | ) |   | 247 |   |   | (5 | ) |
| Retained      interests                 |                      | 360    |   |   | (12 | ) |   | 13 |   |   | (1 | ) |
| Equity                                  |                      | 34     |   |   | (12 | ) |   | 3,894 |   |   | (2 | ) |
| Total                                   | $                         | 5,088  |   | $ | (92 | ) | $ | 10,956 |   | $ | (212 | ) |

----

| (In      millions) | Amortizedcost |   | Estimatedfair      value |   |
|--------------------|---------------|--------|--------------------------|--------|
|               |          |   |                     |   |   |   |
| Due      in        |          |   |                     |   |   |   |
| 2008               | $             | 1,830  |                     | $      | 1,831 |   |
| 2009-2012          |          | 4,227  |                     |   | 4,245 |   |
| 2013-2017          |          | 3,580  |                     |   | 3,607 |   |
| 2018 and later     |          | 16,808 |                     |   | 16,952 |   |

| (In      millions)                 | 2007   |   | 2006   |   | 2005   |   |
|------------------------------------|--------|--------|--------|--------|--------|--------|
|                               |   |   |   |   |   |   |   |   |   |
| Gains(a)                           | $      | 1,026  |   | $      | 313    |   | $ | 509 |   |
| Losses,      including impairments |   | (141   | )      |   | (181   | )      |   | (132 | ) |
| Net                                | $      | 885    |   | $      | 132    |   | $ | 377 |   |
|                               |   |   |   |   |   |   |   |   |   |

| (a) | Included      gain on sale of Swiss Re common stock of $566 million in    2007. |   |
|-----|---------------------------------------------------------------------------------|--------|

----

| December      31 (In millions)                              | 2007   |    | 2006   |   |
|-------------------------------------------------------------|--------|---------|--------|--------|
|                                                        |   |    |   |   |   |   |
| Loans,      net of deferred income                          | $      | 314,918 |   | $      | 264,039 |   |
| Investment      in financing leases, net of deferred income |   | 75,015  |   |   | 68,569 |   |
|                                                        |   | 389,933 |   |   | 332,608 |   |
| Less      allowance for losses (note 7)                     |   | (4,329  | )      |   | (4,019 | ) |
| Financing      receivables – net                      | $      | 385,604 |   | $      | 328,589 |   |

| December      31 (In millions)                 | 2007   |    | 2006   |   |
|------------------------------------------------|--------|---------|--------|--------|
|                                           |   |    |   |   |   |   |
| GE      Commercial Finance                     |   |    |   |   |   |   |
| Equipment      and leasing                     | $      | 89,239  |   | $      | 76,057 |   |
| Commercial      and industrial                 |   | 58,853  |   |   | 50,186 |   |
| Real      estate                               |   | 39,816  |   |   | 27,944 |   |
|                                           |   | 187,908 |   |   | 154,187 |   |
|                                           |   |    |   |   |   |   |
| GE      Money                                  |   |    |   |   |   |   |
| Non-U.S.      residential mortgages(a)         |   | 73,759  |   |   | 58,237 |   |
| Non-U.S.      installment and revolving credit |   | 33,924  |   |   | 29,976 |   |
| U.S.      installment and revolving credit     |   | 29,570  |   |   | 29,007 |   |
| Non-U.S.      auto                             |   | 27,368  |   |   | 25,088 |   |
| Other                                          |   | 10,198  |   |   | 8,059 |   |
|                                           |   | 174,819 |   |   | 150,367 |   |
|                                           |   |    |   |   |   |   |
| GE Infrastructure(b)(c)                        |   | 22,095  |   |   | 21,200 |   |
|                                           |   |    |   |   |   |   |
| Other(d)                                       |   | 5,111   |   |   | 6,854 |   |
|                                           |   | 389,933 |   |   | 332,608 |   |
| Less      allowance for losses                 |   | (4,329  | )      |   | (4,019 | ) |
| Total                                          | $      | 385,604 |   | $      | 328,589 |   |
|                                           |   |    |   |   |   |   |

| (a)       | At      December 31, 2007, 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.          |   |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b)  | Included      loans and financing leases of $11,685 million and $11,165 million at      December 31, 2007 and 2006, respectively, related to commercial aircraft      at Aviation Financial Services and loans and financing leases of $7,898      million and $7,574 million at December 31, 2007 and 2006, respectively,      related to Energy Financial Services. |   |
| (c)       | Included      only portions of the segment that are financial services      businesses.                                                                                                                                                                                                                                                                               |   |
| (d)       | Included      loans and financing leases of $5,106 million and $6,853 million at      December 31, 2007 and 2006, respectively, related to certain consolidated,      liquidating securitization entities.                                                                                                                                                            |   |

----

|                                    | Total      financing leases |    | Direct financing      leases(a) |   | Leveraged leases(b) |   |
|-----------------------------------------|-----------------------------|---------|---------------------------------|--------|---------------------|--------|
| December      31 (In millions)          | 2007                        |    | 2006                            |   | 2007                |   | 2006 |   | 2007 |   | 2006 |   |
|                                    |                        |    |                            |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      minimum lease payments       |                        |    |                            |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| receivable                              | $                           | 92,137  |                            | $      | 88,598              |   | $ | 72,399 |   | $ | 64,637 |   | $ | 19,738 |   | $ | 23,961 |   |
| Less      principal and interest on     |                        |    |                            |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| third-party nonrecourse      debt       |                        | (14,102 | )                               |   | (17,309             | )      |   | – |   |   | – |   |   | (14,102 | ) |   | (17,309 | ) |
| Net      rentals receivable             |                        | 78,035  |                            |   | 71,289              |   |   | 72,399 |   |   | 64,637 |   |   | 5,636 |   |   | 6,652 |   |
| Estimated      unguaranteed residual    |                        |    |                            |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| value of leased      assets             |                        | 10,306  |                            |   | 10,062              |   |   | 7,500 |   |   | 7,068 |   |   | 2,806 |   |   | 2,994 |   |
| Less      deferred income               |                        | (13,326 | )                               |   | (12,782             | )      |   | (10,650 | ) |   | (9,634 | ) |   | (2,676 | ) |   | (3,148 | ) |
| Investment      in financing leases,    |                        |    |                            |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| net of deferred      income             |                        | 75,015  |                            |   | 68,569              |   |   | 69,249 |   |   | 62,071 |   |   | 5,766 |   |   | 6,498 |   |
| Less      amounts to arrive at net      |                        |    |                            |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| investment                              |                        |    |                            |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Allowance for      losses               |                        | (571    | )                               |   | (392                | )      |   | (559 | ) |   | (370 | ) |   | (12 | ) |   | (22 | ) |
| Deferred taxes                          |                        | (7,089  | )                               |   | (8,314              | )      |   | (2,654 | ) |   | (3,410 | ) |   | (4,435 | ) |   | (4,904 | ) |
| Net      investment in financing leases | $                           | 67,355  |                            | $      | 59,863              |   | $ | 66,036 |   | $ | 58,291 |   | $ | 1,319 |   | $ | 1,572 |   |
|                                    |                        |

| (a)  | Included      $802 million and $665 million of initial direct costs on direct financing      leases at December 31, 2007 and 2006, respectively.                                                                                                                  |   |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b)       | Included      pre-tax income of $412 million and $306 million and income tax of $156      million and $115 million during 2007 and 2006, respectively. Net      investment credits recognized on leveraged leases during 2007 and 2006      were inconsequential. |   |

----

| (In      millions) | Totalloans |    | Net      rentalsreceivable |   |
|--------------------|------------|---------|----------------------------|--------|
|               |       |    |                       |   |   |   |
| Due      in        |       |    |                       |   |   |   |
| 2008               | $          | 94,720  |                       | $      | 22,455 |   |
| 2009               |       | 36,401  |                       |   | 15,534 |   |
| 2010               |       | 28,258  |                       |   | 12,057 |   |
| 2011               |       | 21,267  |                       |   | 8,778 |   |
| 2012               |       | 19,364  |                       |   | 5,435 |   |
| 2013 and later     |       | 114,908 |                       |   | 13,776 |   |
| Total              | $          | 314,918 |                       | $      | 78,035 |   |

| December      31 (In millions)                | 2007   |   | 2006   |   |
|-----------------------------------------------|--------|--------|--------|--------|
|                                          |   |   |   |   |
| Loans      requiring allowance for losses     | $      | 1,004  |   | $      | 1,147 |   |
| Loans      expected to be fully recoverable   |   | 391    |   |   | 497 |   |
|                                          | $      | 1,395  |   | $      | 1,644 |   |
|                                          |   |   |   |   |   |   |
| Allowance      for losses                     | $      | 366    |   | $      | 393 |   |
| Average      investment during year           |   | 1,594  |   |   | 1,687 |   |
| Interest      income earned while impaired(a) |   | 19     |   |   | 34 |   |
|                                          |   |   |   |   |   |   |

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

----

| (In      millions)                   | 2007   |    | 2006   |   | 2005    |   |
|--------------------------------------|--------|---------|--------|--------|---------|--------|
|                                 |   |    |   |   |    |   |
| Balance      at January 1            |   |    |   |   |    |   |   |   |   |
| GE      Commercial Finance           | $      | 896     |   | $      | 1,117   |   | $ | 1,587 |   |
| GE      Money                        |   |    |   |   |    |   |   |   |   |
| U.S.                                 |   | 909     |   |   | 735     |   |   | 833 |   |
| Non-U.S.                             |   | 2,146   |   |   | 1,912   |   |   | 2,017 |   |
| GE      Infrastructure(a)            |   | 44      |   |   | 220     |   |   | 583 |   |
| Other                                |   | 24      |   |   | 22      |   |   | 5 |   |
|                                 |   | 4,019   |   |   | 4,006   |   |   | 5,025 |   |
|                                 |   |    |   |   |    |   |   |   |   |
| Provision      charged to operations |   |    |   |   |    |   |   |   |   |
| GE      Commercial Finance           |   | 525     |   |   | 119     |   |   | 276 |   |
| GE      Money                        |   |    |   |   |    |   |   |   |   |
| U.S.                                 |   | 2,032   |   |   | 1,226   |   |   | 1,183 |   |
| Non-U.S.                             |   | 1,974   |   |   | 1,832   |   |   | 1,552 |   |
| GE      Infrastructure(a)            |   | 6       |   |   | (64     | )      |   | 210 |   |
| Other                                |   | 9       |   |   | 17      |   |   | 18 |   |
|                                 |   | 4,546   |   |   | 3,130   |   |   | 3,239 |   |
|                                 |   |    |   |   |    |   |   |   |   |
| Securitization                       |   | (800    | )      |   | (195    | )      |   | (277 | ) |
| Other                                |   | 360     |   |   | 200     |   |   | (147 | ) |
|                                 |   |    |   |   |    |   |   |   |   |
| Gross      write-offs                |   |    |   |   |    |   |   |   |   |
| GE      Commercial Finance           |   | (677    | )      |   | (563    | )      |   | (901 | ) |
| GE      Money                        |   |    |   |   |    |   |   |   |   |
| U.S.                                 |   | (1,584  | )      |   | (1,111  | )      |   | (1,264 | ) |
| Non-U.S.                             |   | (3,334  | )      |   | (2,990  | )      |   | (2,532 | ) |
| GE      Infrastructure(a)            |   | (23     | )      |   | (112    | )      |   | (572 | ) |
| Other                                |   | (17     | )      |   | (29     | )      |   | (39 | ) |
|                                 |   | (5,635  | )      |   | (4,805  | )      |   | (5,308 | ) |
|                                 |   |    |   |   |    |   |   |   |   |
| Recoveries                           |   |    |   |   |    |   |   |   |   |
| GE      Commercial Finance           |   | 149     |   |   | 194     |   |   | 187 |   |
| GE      Money                        |   |    |   |   |    |   |   |   |   |
| U.S.                                 |   | 369     |   |   | 275     |   |   | 258 |   |
| Non-U.S.                             |   | 1,319   |   |   | 1,212   |   |   | 1,025 |   |
| GE      Infrastructure(a)            |   | – |   |   | – |   |   | – |   |
| Other                                |   | 2       |   |   | 2       |   |   | 4 |   |
|                                 |   | 1,839   |   |   | 1,683   |   |   | 1,474 |   |
|                                 |   |    |   |   |    |   |   |   |   |
| Balance      at December 31          |   |    |   |   |    |   |   |   |   |
| GE      Commercial Finance           |   | 1,105   |   |   | 896     |   |   | 1,117 |   |
| GE      Money                        |   |    |   |   |    |   |   |   |   |
| U.S.                                 |   | 1,024   |   |   | 909     |   |   | 735 |   |
| Non-U.S.                             |   | 2,155   |   |   | 2,146   |   |   | 1,912 |   |
| GE      Infrastructure(a)            |   | 27      |   |   | 44      |   |   | 220 |   |
| Other                                |   | 18      |   |   | 24      |   |   | 22 |   |
| Total                                | $      | 4,329   |   | $      | 4,019   |   | $ | 4,006 |   |
|                                 |   |    |   |   |    |   |   |   |   |

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

----

| December      31                                                                           | 2007    |   |   | 2006    |   |
|--------------------------------------------------------------------------------------------|---------|--------|--------|---------|--------|
|                                                                                       |    |   |   |    |   |
| Allowance      for losses on financing receivables as a percentage of total      financing |    |   |   |    |   |
| receivables                                                                                |    |   |   |    |   |
| GE      Commercial Finance                                                                 | 0.59    | %      |   | 0.58    | %      |
| GE      Money                                                                              | 1.82    |   |   | 2.03    |   |
| U.S.                                                                                       | 3.43    |   |   | 3.09    |   |
| Non-U.S.                                                                                   | 1.49    |   |   | 1.77    |   |
| GE      Infrastructure(a)                                                                  | 0.12    |   |   | 0.21    |   |
| Other                                                                                      | 0.35    |   |   | 0.35    |   |
| Total                                                                                      | 1.11    |   |   | 1.21    |   |
|                                                                                       |    |   |   |    |   |
| Nonearning      financing receivables as a percentage of total financing      receivables  |    |   |   |    |   |
| GE      Commercial Finance                                                                 | 0.9     | %      |   | 1.0     | %      |
| GE      Money                                                                              | 2.1     |   |   | 2.1     |   |
| U.S.                                                                                       | 1.8     |   |   | 1.7     |   |
| Non-U.S.                                                                                   | 2.2     |   |   | 2.2     |   |
| GE      Infrastructure(a)                                                                  | – |   |   | – |   |
| Other                                                                                      | 1.4     |   |   | 1.2     |   |
| Total                                                                                      | 1.4     |   |   | 1.5     |   |
|                                                                                       |    |   |   |    |   |

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

----

| December      31 (Dollars in millions)                | Estimatedusefullives-new(years) |   | 2007   |   | 2006   |   |
|-------------------------------------------------------|---------------------------------|--------|--------|--------|--------|--------|
|                                                  |                            |   |   |   |   |   |   |   |
| Original cost(a)                                      |                            |   |   |   |   |   |   |   |
| Land      and improvements, buildings, structures and |                            |   |   |   |   |   |   |   |
| related    equipment                                  | 2-40                            | (b)    | $      | 6,083  |   | $      | 5,027 |   |
| Equipment      leased to others                       |                            |   |   |   |   |   |   |   |
| Aircraft                                              | 20                              |   |   | 37,271 |   |   | 36,146 |   |
| Vehicles                                              | 1-14                            |   |   | 32,079 |   |   | 26,937 |   |
| Mobile equipment                                 | 12–25                     |   |   | 2,964  |   |   | 4,059 |   |
| Railroad rolling      stock                           | 5-36                            |   |   | 3,866  |   |   | 3,509 |   |
| Construction and      manufacturing                   | 2-25                            |   |   | 3,031  |   |   | 1,932 |   |
| All other                                             | 2–40                      |   |   | 2,961  |   |   | 2,771 |   |
| Total                                                 |                            |   | $      | 88,255 |   | $      | 80,381 |   |
|                                                  |                            |   |   |   |   |   |   |   |
| Net carrying value(a)                                 |                            |   |   |   |   |   |   |   |
| Land      and improvements, buildings, structures and |                            |   |   |   |   |   |   |   |
| related    equipment                                  |                            |   | $      | 3,710  |   | $      | 2,759 |   |
| Equipment      leased to others                       |                            |   |   |   |   |   |   |   |
| Aircraft(c)                                           |                            |   |   | 30,414 |   |   | 29,886 |   |
| Vehicles                                              |                            |   |   | 20,701 |   |   | 17,132 |   |
| Mobile equipment                                      |                            |   |   | 1,976  |   |   | 2,546 |   |
| Railroad rolling      stock                           |                            |   |   | 2,789  |   |   | 2,395 |   |
| Construction and      manufacturing                   |                            |   |   | 2,055  |   |   | 1,291 |   |
| All other                                             |                            |   |   | 2,108  |   |   | 1,966 |   |
| Total                                                 |                            |   | $      | 63,753 |   | $      | 57,975 |   |
|                                                  |                            |   |   |   |   |   |   |   |

| (a) | Included      $1,513 million and $1,763 million of original cost of assets leased to GE      with accumulated amortization of $315 million and $293 million at December      31, 2007 and 2006, respectively.                                                                                                                                                         |   |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | Estimated      useful lives exclude land.                                                                                                                                                                                                                                                                                                                             |   |
| (c) | The      Aviation Financial Services business of GE Infrastructure recognized      impairment losses of $110 million in 2007 and $51 million in 2006 recorded      in the caption “Depreciation and amortization” in the Statement of      Earnings to reflect adjustments to fair value based on current market      values from independent appraisers. |   |

| (In      millions) |   |   |   |
|--------------------|--------|--------|--------|
|               |   |   |   |
| Due      in        |   |   |   |
| 2008               | $      | 12,423 |   |
| 2009               |   | 7,594  |   |
| 2010               |   | 6,024  |   |
| 2011               |   | 4,601  |   |
| 2012               |   | 3,582  |   |
| 2013 and later     |   | 10,709 |   |
| Total              | $      | 44,933 |   |

----

| December      31 (In millions)                 | 2007   |   | 2006   |   |
|------------------------------------------------|--------|--------|--------|--------|
|                                           |   |   |   |   |   |   |
| Goodwill                                       | $      | 25,427 |   | $      | 22,754 |   |   |
| Intangible      assets subject to amortization |   | 4,545  |   |   | 3,176 |   |
| Total                                          | $      | 29,972 |   | $      | 25,930 |   |

|                                  | 2007                |   |    |
|---------------------------------------|---------------------|--------|---------|
| (In      millions)                    | GECommercialFinance |   | GEMoney |   | GEInfrastructure(a) |   | Total |   |   |
|                                  |                |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance      January 1                | $                   | 12,745 |    |   | $ | 9,845 |   |   | $ | 164 |   |   | $ | 22,754 |   |   |
| Acquisitions/purchase      accounting |                | 1,568  |    |   |   | 2 |   |   |   | 368 |   |   |   | 1,938 |   |   |
| adjustments                           |                |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Dispositions,      currency exchange  |                |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| and other                             |                | 308    |    |   |   | 426 |   |   |   | 1 |   |   |   | 735 |   |   |
| Balance      December 31              | $                   | 14,621 |    |   | $ | 10,273 |   |   | $ | 533 |   |   | $ | 25,427 |   |   |

|                                  | 2006                |   |    |
|---------------------------------------|---------------------|--------|---------|
| (In      millions)                    | GECommercialFinance |   | GEMoney |   | GEInfrastructure(a) |   | Total |   |   |
|                                  |                |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance      January 1                | $                   | 12,027 |    |   | $ | 9,184 |   |   | $ | 126 |   |   | $ | 21,337 |   |   |
| Acquisitions/purchase      accounting |                |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| adjustments                           |                | 566    |    |   |   | 309 |   |   |   | 39 |   |   |   | 914 |   |   |
| Dispositions,      currency exchange  |                |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| and other                             |                | 152    |    |   |   | 352 |   |   |   | (1 | ) |   |   | 503 |   |   |
| Balance      December 31              | $                   | 12,745 |    |   | $ | 9,845 |   |   | $ | 164 |   |   | $ | 22,754 |   |   |
|                                  |                |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |

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

----

|                           | 2007                |   | 2006                    |   |
|--------------------------------|---------------------|--------|-------------------------|--------|
| December      31 (In millions) | Grosscarryingamount |   | Accumulatedamortization |   | Net |   | Grosscarryingamount |   | Accumulatedamortization |   | Net |   |
|                           |                |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Customer-related               |                | $      | 2,185                   |   |   | $ | (867 | ) |   | $ | 1,318 |   |   | $ | 1,410 |   |   | $ | (654 | ) |   | $ | 756 |   |
| Patents,      licenses and     |                |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| trademarks                     |                |   | 602                     |   |   |   | (315 | ) |   |   | 287 |   |   |   | 413 |   |   |   | (265 | ) |   |   | 148 |   |
| Capitalized      software      |                |   | 1,857                   |   |   |   | (1,105 | ) |   |   | 752 |   |   |   | 1,645 |   |   |   | (965 | ) |   |   | 680 |   |
| Lease      valuations          |                |   | 1,909                   |   |   |   | (376 | ) |   |   | 1,533 |   |   |   | 851 |   |   |   | (132 | ) |   |   | 719 |   |
| Present      value of future   |                |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| profits                        |                |   | 818                     |   |   |   | (364 | ) |   |   | 454 |   |   |   | 829 |   |   |   | (297 | ) |   |   | 532 |   |
| All      other                 |                |   | 350                     |   |   |   | (149 | ) |   |   | 201 |   |   |   | 500 |   |   |   | (159 | ) |   |   | 341 |   |
| Total                          |                | $      | 7,721                   |   |   | $ | (3,176 | ) |   | $ | 4,545 |   |   | $ | 5,648 |   |   | $ | (2,472 | ) |   | $ | 3,176 |   |

----

| December      31 (In millions)  | 2007   |   | 2006   |   |
|---------------------------------|--------|--------|--------|--------|
|                            |   |   |   |   |   |   |
| Investments                     |   |   |   |   |   |   |
| Real estate(a)                  | $      | 40,488 |   | $      | 27,252 |   |
| Associated    companies         |   | 17,026 |   |   | 12,053 |   |
| Assets held for sale(b)         |   | 10,690 |   |   | 7,738 |   |
| Cost method(c)                  |   | 2,742  |   |   | 2,348 |   |
| Other                           |   | 1,020  |   |   | 931 |   |
|                            |   | 71,966 |   |   | 50,322 |   |
|                            |   |   |   |   |   |   |
| Derivative      instruments     |   | 3,271  |   |   | 1,981 |   |
| Advances      to suppliers      |   | 2,046  |   |   | 1,714 |   |
| Deferred      acquisition costs |   | 1,282  |   |   | 1,380 |   |
| Other                           |   | 4,840  |   |   | 3,990 |   |
| Total                           | $      | 83,405 |   | $      | 59,387 |   |
|                            |   |   |   |   |   |   |

| (a) | Our      investment in real estate consisted principally of two categories: real      estate held for investment and equity method investments. Both categories      contained a wide range of properties including the following at December      31, 2007: office buildings (49%), apartment buildings (14%), industrial      properties (11%), retail facilities (9%), franchise properties (7%),      parking facilities (2%) and other (8%). At December 31, 2007, investments      were located in the Americas (48%), Europe (33%) and Asia      (19%).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | Assets      were classified as held for sale on the date a decision was made to      dispose of them through sale, securitization or other means. Such assets      consisted primarily of real estate properties and credit card receivables,      and were accounted for at the lower of carrying amount or estimated fair      value less costs to sell. These amounts are net of valuation allowances of      $153 million and $3 million at December 31, 2007 and 2006,      respectively.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
| (c) | The      fair value of and unrealized loss on those investments in a continuous      loss position for less than 12 months at December 31, 2007, were $546      million and $93 million, respectively, which included $282 million fair      value and $15 million unrealized losses related to our investment in FGIC      Corporation (FGIC) preferred stock and $36 million fair value and $29      million unrealized losses related to our investment in FGIC common stock.      The fair value of and unrealized loss on those investments in a continuous      loss position for 12 months or more at December 31, 2007, were $18 million      and $8 million, respectively. The fair value of and unrealized loss on      those investments in a continuous loss position for less than 12 months at      December 31, 2006, were $113 million and $25 million, respectively. The      fair value of and unrealized loss on those investments in a continuous      loss position for 12 months or more at December 31, 2006, were $38 million      and $8 million, respectively. |   |

----

|                                      | 2007   |    | 2006         |   |
|-------------------------------------------|--------|---------|--------------|--------|
|                                      |   |    | Average      |   |   |   | Average |   |
| December      31 (Dollars in millions)    | Amount |    | rate         | (a)    | Amount |   | rate | (a) |
|                                      |   |    |         |   |   |   |   |   |
| Commercial      paper                     |   |    |    |   |   |   |   |   |   |   |
| U.S.                                      |   |    |         |   |   |   |   |   |   |   |
| Unsecured                                 | $      | 72,392  |         | 4.69   | % | $ | 67,423 |   | 5.37 | % |
| Asset-backed(b)                           |   | 4,775   |         | 4.94   |   |   | 6,430 |   | 5.35 |   |
| Non-U.S.                                  |   | 28,711  |         | 4.99   |   |   | 26,328 |   | 4.38 |   |
| Current      portion of long-term debt(c) |   | 56,302  |         | 5.01   |   |   | 44,550 |   | 4.86 |   |
| Bank      deposits(d)                     |   | 11,486  |         | 3.04   |   |   | 9,731 |   | 3.50 |   |
| GE      Interest Plus notes(e)            |   | 9,590   |         | 5.23   |   |   | 9,161 |   | 5.43 |   |
| Other                                     |   | 9,165   |         |   |   |   | 9,690 |   |   |   |
| Total                                     | $      | 192,421 |         |   |   | $ | 173,313 |   |   |   |
|                                      |   |    |         |   |   |   |   |   |

| (a) | Based      on year-end balances and year-end local currency interest rates. Current      portion of long-term debt included the effects of related interest rate      and currency swaps, if any, directly associated with the original debt      issuance. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Entirely      obligations of consolidated, liquidating securitization entities. See note      6.                                                                                                                                                            |
| (c) | Included      $1,106 million of asset-backed, liquidating securitization entities at      December 31, 2007 and none at December 31, 2006.                                                                                                                  |
| (d) | Included      $10,789 million and $9,731 million of deposits in non-U.S. banks at      December 31, 2007 and 2006, respectively.                                                                                                                            |
| (e) | Entirely      variable denomination floating rate demand  notes.                                                                                                                                                                                            |

|                                   | 2007    |   |       |    |
|----------------------------------------|---------|--------|------------|---------|
|                                   | Average |   |       |    |   |   |   |   |
| December      31 (Dollars in millions) | rate    | (a)    | Maturities |    | 2007 |   | 2006 |   |
|                                   |    |   |       |    |   |   |   |   |
| Senior      notes                      |    |   |       |    |   |   |   |   |   |   |
| Unsecured                              | 5.23    | %      | 2009-2055  |    | $ | 283,099 |   | $ | 235,942 |   |
| Asset-backed(b)                        | 5.13    |   | 2009-2035  |    |   | 5,528 |   |   | 5,810 |   |
| Extendible      notes                  | 5.10    |   | 2009-2012  |    |   | 8,500 |   |   | 6,000 |   |
| Subordinated      notes(c)(d)          | 6.08    |   | 2009-2067  |    |   | 11,377 |   |   | 5,201 |   |
| Total                                  |    |   | $          | 308,504 |   | $ | 252,953 |   |
|                                   |    |   |       |    |   |   |   |   |

| (a) | Based      on year-end balances and year-end local currency interest rates, including      the effects of related interest rate and currency swaps, if any, directly      associated with the original debt issuance. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Included      $3,410 million and $4,684 million of asset-backed senior notes, issued by      consolidated, liquidating securitization entities at December 31, 2007 and      2006, respectively. See note 6.          |
| (c) | Included      $750 million of subordinated notes guaranteed by GE at December 31, 2007      and 2006.                                                                                                                 |
| (d) | Included      $8,064 million and $2,019 million of subordinated debentures receiving      rating agency equity credit at December 31, 2007 and 2006,      respectively.                                               |

----

| (In      millions) |   |   |   |   |   |   |   |   |   |
|--------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|               |   |   |   |   |   |   |   |   |   |
| 2008               |   | 2009   |   | 2010   |   | 2011   |   | 2012   |   |
|               |   |   |   |   |   |   |   |   |   |
| $                  | 56,302 | (a)    | $      | 63,459 | (b)    | $      | 54,373 |   | $      | 32,143 |   | $ | 39,394 |   |
|               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a) | Fixed      and floating rate notes of $793 million contain put options with exercise      dates in 2008, and which have final maturity dates in 2009 ($100 million)      and beyond 2012 ($693 million).   |   |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | Floating      rate extendible notes of $6,500 million are due in 2009, but are      extendible at the option of the investors to a final maturity in 2011      ($4,000 million) and 2012 ($2,500 million). |   |

| December      31 (In millions) | 2007   |   | 2006   |   |
|--------------------------------|--------|--------|--------|--------|
|                           |   |   |   |   |   |   |
| Cash      flow hedges          | $      | 497    |   | $      | 763 |   |
| Fair      value hedges         |   | (75    | )      |   | (147 | ) |
| Total                          | $      | 422    |   | $      | 616 |   |
|                           |   |   |   |   |   |   |
| Interest      rate swaps       | $      | (1,559 | )      | $      | (860 | ) |
| Currency      swaps            |   | 1,981  |   |   | 1,476 |   |
| Total                          | $      | 422    |   | $      | 616 |   |

----

| December      31 (In millions)                    | 2007   |   | 2006   |   |
|---------------------------------------------------|--------|--------|--------|--------|
|                                              |   |   |   |   |
| Investment      contracts                         | $      | 4,536  |   | $      | 5,089 |   |
| Guaranteed      investment contracts              |   | 11,705 |   |   | 11,870 |   |
| Total investment      contracts                   |   | 16,241 |   |   | 16,959 |   |
|                                              |   |   |   |   |   |   |
| Life      insurance benefits(a)                   |   | 14,360 |   |   | 14,054 |   |
| Unpaid      claims and claims adjustment expenses |   | 2,782  |   |   | 2,714 |   |
| Unearned      premiums                            |   | 656    |   |   | 740 |   |
| Universal      life benefits                      |   | 320    |   |   | 340 |   |
| Total                                             | $      | 34,359 |   | $      | 34,807 |   |
|                                              |   |   |   |   |   |   |

| (a) | Life      insurance benefits are accounted for mainly by a net-level-premium method      using estimated yields generally ranging from 3.0% to 8.5% in both 2007      and 2006. |   |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|

| (In      millions)                                             | 2007   |   | 2006   |   | 2005   |   |
|----------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                           |   |   |   |   |   |   |
| Current      tax expense                                       | $      | 1,277  |   | $      | 391    |   | $ | 2,090 |   |
| Deferred      tax expense (benefit) from temporary differences |   | 59     |   |   | 1,007  |   |   | (944 | ) |
|                                                           | $      | 1,336  |   | $      | 1,398  |   | $ | 1,146 |   |

----

----

|                                                                                   | At       |    |
|----------------------------------------------------------------------------------------|----------|---------|
| (In      millions)                                                                     | 12/31/07 |    | 1/1/07 |   |
|                                                                                   |     |    |   |   |   |   |
| Unrecognized      tax benefits                                                         | $        | 3,906   |   | $ | 3,507 |   |
| Portion that, if recognized,      would reduce tax expense and effective tax rate(a)   |     | 2,475   |   |   | 2,403 |   |
| Accrued      interest on unrecognized tax benefits                                     |     | 670     |   |   | 685 |   |
| Accrued      penalties on unrecognized tax benefits                                    |     | 55      |   |   | 96 |   |
| Reasonably      possible reduction to the balance of unrecognized tax benefits      in |     |    |   |   |   |   |
| succeeding 12    months                                                                |     | 0-1,000 |   |   | 0-500 |   |
| Portion that, if recognized,      would reduce tax expense and effective tax rate(a)   |     | 0-750   |   |   | 0-200 |   |
|                                                                                   |     |    |   |   |   |   |

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

| (In      millions)                                   |   | 2007   |   |
|------------------------------------------------------|--------|--------|--------|
|                                                 |   |   |   |
| Balance      at January 1, 2007                      | $      | 3,507  |   |
| Additions      for tax positions of the current year |   | 71     |   |
| Additions      for tax positions of prior years      |   | 1,051  |   |
| Reductions      for tax positions of prior years     |   | (401   | )      |
| Settlements      with tax authorities                |   | (291   | )      |
| Expiration      of the statute of limitations        |   | (31    | )      |
| Balance      at December 31, 2007                    | $      | 3,906  |   |
|                                                 |   |   |   |

|                                             | 2007   |   | 2006    |   | 2005    |   |
|--------------------------------------------------|--------|--------|---------|--------|---------|--------|
|                                             |   |   |    |   |    |   |
| U.S.      federal statutory income tax rate      | 35.0   | %      | 35.0    | %      | 35.0    | %      |
| Increase      (reduction) in rate resulting from |   |   |    |   |    |   |
| Tax on global activities      including exports  | (21.2  | )      | (21.1   | )      | (22.2   | )      |
| U.S. business      credits                       | (1.5   | )      | (2.2    | )      | (2.7    | )      |
| SES transaction                                  | (4.0   | )      | – |   | – |   |
| All other – net                            | 1.4    |   | 0.3     |   | 1.2     |   |
|                                             | (25.3  | )      | (23.0   | )      | (23.7   | )      |
| Actual      income tax rate                      | 9.7    | %      | 12.0    | %      | 11.3    | %      |

----

| December      31 (In millions)             | 2007   |   | 2006   |   |
|--------------------------------------------|--------|--------|--------|--------|
|                                       |   |   |   |   |   |   |
| Assets                                     |   |   |   |   |   |   |
| Allowance      for losses                  | $      | 1,588  |   | $      | 1,514 |   |
| Non-U.S.      loss carryforwards(a)        |   | 810    |   |   | 652 |   |
| Cash      flow hedges                      |   | 494    |   |   | 50 |   |
| Other      – net                     |   | 6,059  |   |   | 5,336 |   |
| Total      deferred income tax assets      |   | 8,951  |   |   | 7,552 |   |
|                                       |   |   |   |   |   |   |
| Liabilities                                |   |   |   |   |   |   |
| Financing      leases                      |   | 7,089  |   |   | 8,314 |   |
| Operating      leases                      |   | 4,478  |   |   | 4,327 |   |
| Intangible      assets                     |   | 1,426  |   |   | 1,287 |   |
| Other      – net                     |   | 4,711  |   |   | 6,194 |   |
| Total      deferred income tax liabilities |   | 17,704 |   |   | 20,122 |   |
|                                       |   |   |   |   |   |   |
| Net      deferred income tax liability     | $      | 8,753  |   | $      | 12,570 |   |
|                                       |   |   |   |   |   |   |

| (a) | Net      of valuation allowances of $225 million and $171 million for 2007 and      2006, respectively. Of the net deferred tax asset as of December 31, 2007,      of $810 million, $16 million relates to net operating loss carryforwards      that expire in various years ending from December 31, 2008, through      December 31, 2010, $30 million relates to net operating losses that expire      in various years ending from December 31, 2011, through December 31, 2022,      and $764 million relates to net operating loss carryforwards that may be      carried forward indefinitely. |   |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|

| December      31 (In millions)                       | 2007   |   | 2006   |   |
|------------------------------------------------------|--------|--------|--------|--------|
|                                                 |   |   |   |   |   |   |
| Minority      interest in consolidated affiliates(a) | $      | 1,270  |   | $      | 717 |   |
| Minority      interest in preferred stock(b)         |   | 231    |   |   | 1,232 |   |
|                                                 | $      | 1,501  |   | $      | 1,949 |   |
|                                                 |   |   |   |   |   |   |

| (a) | Included      minority interest in partnerships and common shares of consolidated      affiliates.                                                                                                                       |   |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | The      preferred stock primarily pays cumulative dividends at variable rates.      Dividend rates in local currency on the preferred stock ranged from 3.88%      to 5.52% during 2007 and 3.28% to 5.49% during 2006. |   |

----

| (In      millions)                                                  | 2007   |    | 2006   |   | 2005   |   |
|---------------------------------------------------------------------|--------|---------|--------|--------|--------|--------|
|                                                                |   |    |   |   |   |   |   |   |   |
| Cumulative      preferred stock issued                              | $      | 10      |   | $      | 10     |   | $ | 10 |   |
|                                                                |   |    |   |   |   |   |   |   |   |
| Common      stock issued                                            | $      | 1       |   | $      | 1      |   | $ | 1 |   |
|                                                                |   |    |   |   |   |   |   |   |   |
| Accumulated      nonowner changes other than earnings               |   |    |   |   |   |   |   |   |   |
| Balance      at January 1                                           | $      | 5,982   |   | $      | 3,519  |   | $ | 6,863 |   |
| Investment      securities – net of deferred taxes            |   |    |   |   |   |   |   |   |   |
| of $(510), $101 and      $(301)                                     |   | (974    | )      |   | 273    |   |   | (240 | ) |
| Currency      translation adjustments – net of deferred taxes |   |    |   |   |   |   |   |   |   |
| of $(1,364), $(1,476) and      $691                                 |   | 2,648   |   |   | 2,682  |   |   | (2,817 | ) |
| Cash      flow hedges – net of deferred taxes                 |   |    |   |   |   |   |   |   |   |
| of $(263), $75 and      $336                                        |   | (28     | )      |   | 585    |   |   | 557 |   |
| Benefit      plans – net of deferred taxes                    |   |    |   |   |   |   |   |   |   |
| of $68, $(16) and $2(a)                                             |   | 173     |   |   | 20     |   |   | (29 | ) |
| Reclassification      adjustments                                   |   |    |   |   |   |   |   |   |   |
| Investment securities – net of      deferred taxes            |   |    |   |   |   |   |   |   |   |
| of $(375), $(233) and      $(189)                                   |   | (510    | )      |   | (433   | )      |   | (351 | ) |
| Currency translation      adjustments                               |   | (13     | )      |   | (132   | )      |   | – |   |
| Cash flow hedges – net of      deferred taxes                 |   |    |   |   |   |   |   |   |   |
| of $(97), $(65) and      $(257)                                     |   | (528    | )      |   | (413   | )      |   | (464 | ) |
| Cumulative effect of change in      accounting principle -          |   |    |   |   |   |   |   |   |   |
| net of deferred taxes of      $(58)                                 |   | – |   |   | (119   | )      |   | – |   |
| Balance      at December 31(b)                                      | $      | 6,750   |   | $      | 5,982  |   | $ | 3,519 |   |
|                                                                |   |    |   |   |   |   |   |   |   |
| Additional      paid-in capital                                     |   |    |   |   |   |   |   |   |   |
| Balance      at January 1                                           | $      | 12,527  |   | $      | 12,376 |   | $ | 12,360 |   |
| Contributions(c)                                                    |   | 37      |   |   | 151    |   |   | 16 |   |
| Balance      at December 31                                         | $      | 12,564  |   | $      | 12,527 |   | $ | 12,376 |   |
|                                                                |   |    |   |   |   |   |   |   |   |
| Retained      earnings                                              |   |    |   |   |   |   |   |   |   |
| Balance      at January 1(d)                                        | $      | 35,500  |   | $      | 34,906 |   | $ | 35,145 |   |
| Net      earnings                                                   |   | 10,301  |   |   | 10,658 |   |   | 7,577 |   |
| Dividends(c)                                                        |   | (7,450  | )      |   | (9,987 | )      |   | (7,816 | ) |
| Balance      at December 31                                         | $      | 38,351  |   | $      | 35,577 |   | $ | 34,906 |   |
|                                                                |   |    |   |   |   |   |   |   |   |
| Total      equity                                                   |   |    |   |   |   |   |   |   |   |
| Balance      at December 31                                         | $      | 57,676  |   | $      | 54,097 |   | $ | 50,812 |   |
|                                                                |   |    |   |   |   |   |   |   |   |

| (a) | For      2007, included $148 million of gains (losses) arising during the year and      $25 million of amortization of gains (losses) – net of deferred taxes of      $54 million and $14 million, respectively.                                                                                                                                                                                                                                       |   |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | At      December 31, 2007, included additions of equity of $625 million related to      hedges of our investments in subsidiaries that have functional currencies      other than the U.S. dollar and reductions of $727 million related to cash      flow hedges of forecasted transactions, of which we expect to transfer      $124 million to earnings as an expense in 2008 along with the earnings      effects of the related forecasted transaction. |   |
| (c) | Total      dividends and other transactions with shareowner reduced equity by $7,413      million in 2007, $9,836 million in 2006 and $7,800 million in      2005.                                                                                                                                                                                                                                                                                           |   |
| (d) | 2007      opening balance change reflects cumulative effect of change in accounting      principle of $(77) million related to adoption of FSP FAS      13-2.                                                                                                                                                                                                                                                                                                |   |

----

----

| December      31 (In millions)                                         | 2007   |     | 2006   |   | 2005     |   |
|------------------------------------------------------------------------|--------|----------|--------|--------|----------|--------|
|                                                                   |   |     |   |   |     |   |   |   |   |
| All      other operating activities                                    |   |     |   |   |     |   |   |   |   |
| Net      change in other assets                                        | $      | (1,513   | )      | $      | (1,711   | )      | $ | (969 | ) |
| Amortization      of intangible assets                                 |   | 888      |   |   | 604      |   |   | 444 |   |
| Realized      gains on sale of investment securities                   |   | (885     | )      |   | (132     | )      |   | (377 | ) |
| Other                                                                  |   | 986      |   |   | 1,962    |   |   | 2,820 |   |
|                                                                   | $      | (524     | )      | $      | 723      |   | $ | 1,918 |   |
|                                                                   |   |     |   |   |     |   |   |   |   |
| Net      increase in financing receivables                             |   |     |   |   |     |   |   |   |   |
| Increase      in loans to customers                                    | $      | (410,336 | )      | $      | (372,582 | )      | $ | (311,585 | ) |
| Principal      collections from customers – loans                |   | 322,419  |   |   | 297,165  |   |   | 264,182 |   |
| Investment      in equipment for financing leases                      |   | (26,489  | )      |   | (25,618  | )      |   | (23,508 | ) |
| Principal      collections from customers – financing leases     |   | 20,868   |   |   | 18,791   |   |   | 21,770 |   |
| Net      change in credit card receivables                             |   | (38,378  | )      |   | (25,790  | )      |   | (21,391 | ) |
| Sales      of financing receivables                                    |   | 86,548   |   |   | 67,471   |   |   | 54,144 |   |
|                                                                   | $      | (45,368  | )      | $      | (40,563  | )      | $ | (16,388 | ) |
|                                                                   |   |     |   |   |     |   |   |   |   |
| All      other investing activities                                    |   |     |   |   |     |   |   |   |   |
| Purchases      of securities by insurance activities                   | $      | (13,279  | )      | $      | (11,891  | )      | $ | (8,825 | ) |
| Dispositions      and maturities of securities by insurance activities |   | 15,602   |   |   | 11,635   |   |   | 10,792 |   |
| Other      assets – investments                                  |   | (10,220  | )      |   | (6,237   | )      |   | (919 | ) |
| Other                                                                  |   | (1,034   | )      |   | 548      |   |   | (3,492 | ) |
|                                                                   | $      | (8,931   | )      | $      | (5,945   | )      | $ | (2,444 | ) |
|                                                                   |   |     |   |   |     |   |   |   |   |
| Newly      issued debt having maturities longer than 90 days           |   |     |   |   |     |   |   |   |   |
| Short-term      (91 to 365 days)                                       | $      | 1,226    |   | $      | 1,237    |   | $ | 4,675 |   |
| Long-term      (longer than one year)                                  |   | 90,766   |   |   | 86,024   |   |   | 60,177 |   |
| Proceeds      – nonrecourse, leveraged lease                     |   | 24       |   |   | 1,015    |   |   | 203 |   |
|                                                                   | $      | 92,016   |   | $      | 88,276   |   | $ | 65,055 |   |
|                                                                   |   |     |   |   |     |   |   |   |   |
| Repayments      and other reductions of debt having maturities         |   |     |   |   |     |   |   |   |   |
| longer than 90    days                                                 |   |     |   |   |     |   |   |   |   |
| Short-term      (91 to 365 days)                                       | $      | (43,938  | )      | $      | (42,268  | )      | $ | (38,132 | ) |
| Long-term      (longer than one year)                                  |   | (4,481   | )      |   | (5,572   | )      |   | (10,743 | ) |
| Principal      payments – nonrecourse, leveraged lease           |   | (1,109   | )      |   | (1,404   | )      |   | (831 | ) |
|                                                                   | $      | (49,528  | )      | $      | (49,244  | )      | $ | (49,706 | ) |
|                                                                   |   |     |   |   |     |   |   |   |   |
| All      other financing activities                                    |   |     |   |   |     |   |   |   |   |
| Proceeds      from sales of investment contracts                       | $      | 12,641   |   | $      | 16,418   |   | $ | 15,806 |   |
| Redemption      of investment contracts                                |   | (13,862  | )      |   | (17,603  | )      |   | (16,934 | ) |
| Other                                                                  |   | 17       |   |   | 11       |   |   | – |   |
|                                                                   | $      | (1,204   | )      | $      | (1,174   | )      | $ | (1,128 | ) |
|                                                                   |   |     |   |   |     |   |   |   |   |

----

|                      | Total      revenues |   | Intersegment      revenues(a) |   | External      revenues |   |
|---------------------------|---------------------|--------|-------------------------------|--------|------------------------|--------|
| (In      millions)        | 2007                |   | 2006                          |   | 2005                   |   | 2007 |   | 2006 |   | 2005 |   | 2007 |   | 2006 |   | 2005 |   |
|                      |                |   |                          |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| GE Commercial Finance(b)  | $                   | 34,288 |                          | $      | 30,853                 |   | $ | 27,273 |   | $ | 113 |   | $ | 180 |   | $ | 221 |   | $ | 34,175 |   | $ | 30,673 |   | $ | 27,052 |   |
| GE      Money             |                | 25,019 |                          |   | 19,783                 |   |   | 17,072 |   |   | 9 |   |   | 37 |   |   | 52 |   |   | 25,010 |   |   | 19,746 |   |   | 17,020 |   |
| GE      Infrastructure(c) |                | 7,244  |                          |   | 6,017                  |   |   | 5,044 |   |   | – |   |   | 6 |   |   | – |   |   | 7,244 |   |   | 6,011 |   |   | 5,044 |   |
| GECS      corporate items |                |   |                          |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| and eliminations          |                | 5,635  |                          |   | 4,973                  |   |   | 5,818 |   |   | (122 | ) |   | (223 | ) |   | (273 | ) |   | 5,757 |   |   | 5,196 |   |   | 6,091 |   |
| Total                     | $                   | 72,186 |                          | $      | 61,626                 |   | $ | 55,207 |   | $ | – |   | $ | – |   | $ | – |   | $ | 72,186 |   | $ | 61,626 |   | $ | 55,207 |   |
|                      |                |   |                          |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a) | Sales      from one component to another generally are priced at equivalent      commercial selling prices.                                                           |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | During      the fourth quarter of 2007, we transferred the Equipment Services business      from the GE Industrial segment to the GE Commercial Finance      segment. |
| (c) | Included      only portions of the segment that are financial services      businesses.                                                                               |

|                                       | Depreciation      and amortizationFor      the years ended December 31 |   | Provision      for income taxes |   |
|--------------------------------------------|------------------------------------------------------------------------|--------|---------------------------------|--------|
| (In      millions)                         | 2007                                                                   |   | 2006                            |   | 2005 |   | 2007 |   | 2006 |   | 2005 |   |
|                                       |                                                                   |   |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| GE      Commercial Finance                 | $                                                                      | 6,820  |                            | $      | 5,170 |   | $ | 4,560 |   | $ | 414 |   | $ | 954 |   | $ | 1,035 |   |
| GE      Money                              |                                                                   | 488    |                            |   | 388 |   |   | 338 |   |   | 505 |   |   | 413 |   |   | 390 |   |
| GE      Infrastructure(a)                  |                                                                   | 1,567  |                            |   | 1,421 |   |   | 1,439 |   |   | 281 |   |   | 199 |   |   | (202 | ) |
| GECS      corporate items and eliminations |                                                                   | 128    |                            |   | 114 |   |   | 86 |   |   | 136 |   |   | (168 | ) |   | (77 | ) |
| Total                                      | $                                                                      | 9,003  |                            | $      | 7,093 |   | $ | 6,423 |   | $ | 1,336 |   | $ | 1,398 |   | $ | 1,146 |   |
|                                       |                                                                   |   |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

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

|                                       | Interest      on loans |   | Interest      expense |   |
|--------------------------------------------|------------------------|--------|-----------------------|--------|
| (In      millions)                         | 2007                   |   | 2006                  |   | 2005 |   | 2007 |   | 2006 |   | 2005 |   |
|                                       |                   |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| GE      Commercial Finance                 | $                      | 8,460  |                  | $      | 7,376 |   | $ | 6,042 |   | $ | 11,428 |   | $ | 8,487 |   | $ | 6,429 |   |
| GE      Money                              |                   | 14,510 |                  |   | 12,299 |   |   | 11,068 |   |   | 8,888 |   |   | 6,542 |   |   | 5,265 |   |
| GE      Infrastructure(a)                  |                   | 754    |                  |   | 686 |   |   | 541 |   |   | 2,320 |   |   | 2,067 |   |   | 1,706 |   |
| GECS      corporate items and eliminations |                   | 310    |                  |   | 394 |   |   | 427 |   |   | 95 |   |   | 761 |   |   | 645 |   |
| Total                                      | $                      | 24,034 |                  | $      | 20,755 |   | $ | 18,078 |   | $ | 22,731 |   | $ | 17,857 |   | $ | 14,045 |   |
|                                       |                   |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

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

----

|                                       | Assets(b)(c)At      December 31 |    | Property,      plant and equipmentadditions(d)For      the years ended December 31 |   |
|--------------------------------------------|---------------------------------|---------|------------------------------------------------------------------------------------|--------|
| (In      millions)                         | 2007                            |    | 2006                                                                               |   | 2005 |   | 2007 |   | 2006 |   | 2005 |   |
|                                       |                            |    |                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| GE      Commercial Finance                 | $                               | 310,412 |                                                                               | $      | 252,901 |   | $ | 207,984 |   | $ | 13,050 |   | $ | 10,892 |   | $ | 8,792 |   |
| GE      Money                              |                            | 210,952 |                                                                               |   | 179,284 |   |   | 148,171 |   |   | 184 |   |   | 225 |   |   | 156 |   |
| GE      Infrastructure(a)                  |                            | 64,375  |                                                                               |   | 60,658 |   |   | 53,852 |   |   | 4,600 |   |   | 3,375 |   |   | 2,874 |   |
| GECS      corporate items and eliminations |                            | 60,400  |                                                                               |   | 71,825 |   |   | 130,577 |   |   | 8 |   |   | 54 |   |   | 13 |   |
| Total                                      | $                               | 646,139 |                                                                               | $      | 564,668 |   | $ | 540,584 |   | $ | 17,842 |   | $ | 14,546 |   | $ | 11,835 |   |
|                                       |                            |    |                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a) | Included      only portions of the segment that are financial services      businesses.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Assets      of discontinued operations are included in GECS corporate items and      eliminations for all periods presented.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| (c) | Total      assets of the GE Commercial Finance, GE Money and GE Infrastructure      operating segments at December 31, 2007, include investment in and      advances to associated companies of $1,878 million, $11,115 million and      $3,922 million, respectively, which contributed approximately $241      million, $1,430 million and $501 million, respectively, to segment pre-tax      income for the year ended December 31, 2007. Aggregate summarized      financial information for significant associated companies assuming a 100%      ownership interest included: total assets of $132,946 million, primarily      financing receivables of $82,837 million; total liabilities of $116,565      million, primarily bank deposits of $63,511 million; revenues totaling      $16,870 million; and net earnings totaling $3,298  million. |
| (d) | Additions      to property, plant and equipment include amounts relating to principal      businesses purchased.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |

----

|                              | 2007           |   | 2006                      |   |
|-----------------------------------|----------------|--------|---------------------------|--------|
|                              |           |   | Assets      (liabilities) |   |   |   | Assets      (liabilities) |   |
| December      31 (In millions)    | Notionalamount |   | Carryingamount      (net) |   | Estimatedfair      value |   | Notionalamount |   | Carryingamount      (net) |   | Estimatedfair      value |   |
| Assets                            |           |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans                             | $              | (a)    |                      | $      | 311,160 |   | $ | 309,065 |   | $ | (a) |   | $ | 260,412 |   | $ | 259,883 |   |
| Other commercial    and           |           |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| residential      mortgages        |           |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| held for sale                     |           | (a)    |                      |   | 4,891 |   |   | 4,939 |   |   | (a) |   |   | 2,644 |   |   | 2,703 |   |
| Loans held for    sale            |           | (a)    |                      |   | 3,808 |   |   | 3,809 |   |   | (a) |   |   | 3,498 |   |   | 3,498 |   |
| Other financial instruments(b)    |           | (a)    |                      |   | 2,778 |   |   | 3,164 |   |   | (a) |   |   | 2,439 |   |   | 2,883 |   |
| Liabilities                       |           |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Borrowings(c)(d)                  |           | (a)    |                      |   | (500,925 | ) |   | (503,610 | ) |   | (a) |   |   | (426,266 | ) |   | (432,261 | ) |
| Investment contract      benefits |           | (a)    |                      |   | (4,536 | ) |   | (4,914 | ) |   | (a) |   |   | (5,089 | ) |   | (5,080 | ) |
| Guaranteed      investment        |           |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| contracts                         |           | (a)    |                      |   | (11,705 | ) |   | (11,630 | ) |   | (a) |   |   | (11,870 | ) |   | (11,756 | ) |
| Insurance – credit life(e)  |           | 1,500  |                      |   | (35 | ) |   | (24 | ) |   | 2,634 |   |   | (81 | ) |   | (61 | ) |
|                              |           |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a) | These      financial instruments do not have notional amounts.                                               |   |
|-----|--------------------------------------------------------------------------------------------------------------|--------|
| (b) | Principally      cost method investments.                                                                    |   |
| (c) | Included      effects of interest rate and cross-currency derivatives.                                       |   |
| (d) | See      note 11.                                                                                            |   |
| (e) | Net      of reinsurance of $2,815 million and $840 million at December 31, 2007 and      2006, respectively. |   |

----

|                                                    | Notional      amount |    |
|---------------------------------------------------------|----------------------|---------|
| December      31 (In millions)                          | 2007                 |    | 2006 |   |
|                                                    |                 |    |   |   |   |   |
| Ordinary      course of business lending commitments(a) | $                    | 12,854  |   | $ | 9,945 |   |
| Unused      revolving credit lines(b)                   |                 |    |   |   |   |   |
| Commercial                                              |                 | 26,305  |   |   | 24,963 |   |
| Consumer – principally credit      cards          |                 | 454,089 |   |   | 476,831 |   |
|                                                    |                 |    |   |   |   |   |

| (a) | Excluded      investment commitments of $4,393 million and $2,881 million as of December      31, 2007 and 2006, respectively.                                                         |   |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | Excluded      inventory financing arrangements, which may be withdrawn at our option, of      $12,848 million and $11,044 million as of December 31, 2007 and 2006,      respectively. |   |

----

| December      31 (In millions)                          | 2007   |   | 2006   |   | 2005   |   |
|---------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                    |   |   |   |   |   |   |   |   |   |
| Cash      flow hedges                                   |   |   |   |   |   |   |   |   |   |
| Ineffectiveness                                         | $      | (3     | )      | $      | 10     |   | $ | (27 | ) |
| Amounts      excluded from the measure of effectiveness |   | (17    | )      |   | (16    | )      |   | (5 | ) |
|                                                    |   |   |   |   |   |   |   |   |   |
| Fair      value hedges                                  |   |   |   |   |   |   |   |   |   |
| Ineffectiveness                                         |   | 7      |   |   | (47    | )      |   | 4 |   |
| Amounts      excluded from the measure of effectiveness |   | (13    | )      |   | 33     |   |   | (8 | ) |

----

|                                                                    | Credit      rating |
|-------------------------------------------------------------------------|--------------------|
|                                                                    | Moody’s      |   | S&P |
|                                                                    |               |   |   |
| Foreign      exchange forwards and other derivatives less than one year | P-1                |   | A-1 |
| All      derivatives between one and five years                         | Aa3(a)             |   | AA-(a) |
| All      derivatives greater than five years                            | Aaa(a)             |   | AAA(a) |
|                                                                    |               |   |   |

| (a) | Counterparties      that have an obligation to provide collateral to cover credit exposure in      accordance with a credit support agreement must have a minimum A3/A-      rating. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (In      millions)  |   |        |
|---------------------|--------|-------------|
|                |   |        |
| Minimum      rating |   | Exposure(a) |   |
| Moody’s       |   | S&P     |   | With      collateralarrangements |   | Without      collateralarrangements |   |
|                |   |        |   |   |   |   |   |   |   |
| Aaa                 |   | AAA         |   | $ | 100 |   | $ | 75 |   |
| Aa3                 |   | AA–   |   |   | 50 |   |   | 50 |   |
| A3                  |   | A–    |   |   | 5 |   |   | – |   |
|                |   |        |   |   |   |   |   |   |   |

| (a) | For      derivatives with maturities less than one year, counterparties are      permitted to have unsecured exposure up to $150 million with a minimum      rating of A-1/P-1. |   |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|

----

| December      31 (In millions)      | 2007   |   | 2006   |   |
|-------------------------------------|--------|--------|--------|--------|
|                                |   |   |   |   |
| Receivables      secured by         |   |   |   |   |   |   |
| Equipment                           | $      | 6,552  |   | $      | 7,568 |   |
| Commercial real    estate           |   | 9,244  |   |   | 7,865 |   |
| Residential real      estate        |   | 204    |   |   | – |   |
| Other assets                        |   | 12,880 |   |   | 13,257 |   |
| Credit      card receivables        |   | 22,793 |   |   | 13,497 |   |
| Trade      receivables              |   | 3,245  |   |   | 176 |   |
| Total      securitized assets(a)(b) | $      | 54,918 |   | $      | 42,363 |   |
|                                |   |   |   |   |   |   |

| (a) | At      December 31, 2007 and 2006, liquidity support amounted to $2,810 million      and $753 million, respectively. The December 31, 2006, amount is net of      $3,034 million deferred beyond one year. Credit support amounted to $2,804      million and $3,815 million at December 31, 2007 and 2006,      respectively. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Liabilities      for recourse obligations related to off-balance sheet assets were $2      million and $15 million at December 31, 2007 and 2006,      respectively.                                                                                                                                                            |

| December      31 (In millions) | 2007   |   | 2006   |   |
|--------------------------------|--------|--------|--------|--------|
|                           |   |   |   |   |   |   |
| Retained      interests        | $      | 5,812  |   | $      | 4,273 |   |
| Servicing      assets          |   | 8      |   |   | 14 |   |
| Servicing      liabilities     |   | (10    | )      |   | (5 | ) |
| Recourse      liabilities      |   | (2     | )      |   | (15 | ) |
| Total                          | $      | 5,808  |   | $      | 4,267 |   |

| • | Retained interests. When      we securitize receivables, we determine fair value of retained interests      based on discounted cash flow models that incorporate, among other things,      assumptions about loan pool credit losses, prepayment speeds and discount      rates. These assumptions are based on our experience, market trends and      anticipated performance related to the particular assets securitized. We      classify retained interests in securitized receivables as investment      securities and mark them to fair value each reporting period, updating our      models for current assumptions. These assets decrease as cash is received      in payment. We recorded a loss in operations of $106 million in 2007 to      reflect decreases in fair value on retained interests in accordance with      SFAS 155, Accounting for      Certain Hybrid Financial Instruments. When the carrying amounts of      other retained interests exceed their fair value, we evaluate whether the      unrealized loss is other than temporary and, if it is, record any      indicated loss in operations. We recorded $113 million and $37 million of      other than temporary losses in operations during 2007 and 2006,      respectively. |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| • | Servicing. Following a      securitization transaction, we also may provide servicing for a      market-based fee based on remaining outstanding principal balances. Where      the fee does not represent adequate compensation, a servicing asset or      liability is recorded, as appropriate. Their value is subject to credit,      prepayment and interest rate risk. |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | Recourse liabilities.      Certain transactions involve credit support agreements. As a result, we      provide for expected credit losses at amounts that approximate fair      value. |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (Dollars      in millions)               |   | Equipment |   |   | Commercialreal      estate |   |   | Credit      cardreceivables |   |   | Other      assets |   |
|------------------------------------------|--------|-----------|--------|--------|----------------------------|--------|--------|-----------------------------|--------|--------|-------------------|--------|
|                                     |   |      |   |   |                       |   |   |                        |   |   |              |   |
| 2007                                     |   |      |   |   |                       |   |   |                        |   |   |              |   |
| Cash      proceeds from securitization   | $      | 2,648     |   | $      | 3,245                      |   | $      | 12,359                      |   | $      | 2,400             |   |
| Proceeds      from collections           |   |      |   |   |                       |   |   |                        |   |   |              |   |
| reinvested in new      receivables       |   | −   |   |   | −                    |   |   | 24,109                      |   |   | 32,509            |   |
| Cash      received on retained interests |   | 155       |   |   | 117                        |   |   | 3,268                       |   |   | 449               |   |
| Cash      received from servicing and    |   |      |   |   |                       |   |   |                        |   |   |              |   |
| other sources                            |   | 24        |   |   | 26                         |   |   | 354                         |   |   | 168               |   |
| Weighted      average lives (in months)  |   | 24        |   |   | 78                         |   |   | 8                           |   |   | 41                |   |
|                                     |   |      |   |   |                       |   |   |                        |   |   |              |   |
| Assumptions      as of sale date(a)      |   |      |   |   |                       |   |   |                        |   |   |              |   |
| Discount rate                            |   | 12.6      | %      |   | 12.8                       | %      |   | 13.4                        | %      |   | 12.0              | %      |
| Prepayment rate(b)                       |   | 11.7      |   |   | 6.8                        |   |   | 11.0                        |   |   | 14.5              |   |
| Estimate of credit      losses           |   | 0.8       |   |   | 0.4                        |   |   | 6.8                         |   |   | 1.4               |   |
|                                     |   |      |   |   |                       |   |   |                        |   |   |              |   |
| 2006                                     |   |      |   |   |                       |   |   |                        |   |   |              |   |
| Cash      proceeds from securitization   | $      | 2,784     |   | $      | 4,427                      |   | $      | 5,251                       |   | $      | 6,826             |   |
| Proceeds      from collections           |   |      |   |   |                       |   |   |                        |   |   |              |   |
| reinvested in new      receivables       |   | –   |   |   | –                    |   |   | 16,360                      |   |   | 30,584            |   |
| Cash      received on retained interests |   | 236       |   |   | 80                         |   |   | 2,307                       |   |   | 341               |   |
| Cash      received from servicing and    |   |      |   |   |                       |   |   |                        |   |   |              |   |
| other sources                            |   | 45        |   |   | 26                         |   |   | 219                         |   |   | 113               |   |
| Weighted      average lives (in months)  |   | 23        |   |   | 75                         |   |   | 7                           |   |   | 36                |   |
|                                     |   |      |   |   |                       |   |   |                        |   |   |              |   |
| Assumptions as of sale date(a)           |   |      |   |   |                       |   |   |                        |   |   |              |   |
| Discount rate                            |   | 8.3       | %      |   | 12.8                       | %      |   | 12.0                        | %      |   | 7.0               | %      |
| Prepayment rate(b)                       |   | 10.4      |   |   | 7.6                        |   |   | 12.5                        |   |   | 9.9               |   |
| Estimate of credit      losses           |   | 1.4       |   |   | 0.5                        |   |   | 6.8                         |   |   | 0.2               |   |
|                                     |   |      |   |   |                       |   |   |                        |   |   |              |   |

| (a) | Based      on weighted averages.                            |   |
|-----|-------------------------------------------------------------|--------|
| (b) | Represented      a payment rate on credit card receivables. |   |

----

| (Dollars      in millions)        |   | Equipment |   |   | Commercialreal      estate |   |   | Credit      cardreceivables |   |   | Other      assets |   |
|-----------------------------------|--------|-----------|--------|--------|----------------------------|--------|--------|-----------------------------|--------|--------|-------------------|--------|
| 2007                              |   |      |   |   |                       |   |   |                        |   |   |              |   |
| Discount rate(a)                  |   | 12.8      | %      |   | 15.2                       | %      |   | 14.8                        | %      |   | 14.5              | %      |
| Effect      of                    |   |      |   |   |                       |   |   |                        |   |   |              |   |
| 10% Adverse    change             | $      | (7        | )      | $      | (20                        | )      | $      | (36                         | )      | $      | (5                | )      |
| 20% Adverse    change             |   | (13       | )      |   | (38                        | )      |   | (72                         | )      |   | (9                | )      |
| Prepayment rate(a)(b)             |   | 11.7      | %      |   | 3.4                        | %      |   | 10.8                        | %      |   | 16.2              | %      |
| Effect      of                    |   |      |   |   |                       |   |   |                        |   |   |              |   |
| 10% Adverse    change             | $      | (2        | )      | $      | (5                         | )      | $      | (80                         | )      | $      | (3                | )      |
| 20% Adverse    change             |   | (3        | )      |   | (9                         | )      |   | (148                        | )      |   | (5                | )      |
| Estimate of credit      losses(a) |   | 1.7       | %      |   | 1.0                        | %      |   | 9.0                         | %      |   | 0.5               | %      |
| Effect      of                    |   |      |   |   |                       |   |   |                        |   |   |              |   |
| 10% Adverse    change             | $      | (5        | )      | $      | (8                         | )      | $      | (110                        | )      | $      | (1                | )      |
| 20% Adverse    change             |   | (8        | )      |   | (13                        | )      |   | (222                        | )      |   | (2                | )      |
| Remaining      weighted           |   |      |   |   |                       |   |   |                        |   |   |              |   |
| average lives (in      months)    |   | 22        |   |   | 53                         |   |   | 8                           |   |   | 26                |   |
| Net      credit losses            | $      | 36        |   | $      | 1                          |   | $      | 941                         |   | $      | 19                |   |
| Delinquencies                     |   | 51        |   |   | 12                         |   |   | 1,514                       |   |   | 4                 |   |
|                              |   |      |   |   |                       |   |   |                        |   |   |              |   |
| 2006                              |   |      |   |   |                       |   |   |                        |   |   |              |   |
| Discount rate(a)                  |   | 8.9       | %      |   | 13.2                       | %      |   | 11.2                        | %      |   | 6.4               | %      |
| Effect      of                    |   |      |   |   |                       |   |   |                        |   |   |              |   |
| 10% Adverse    change             | $      | (10       | )      | $      | (19                        | )      | $      | (15                         | )      | $      | (5                | )      |
| 20% Adverse    change             |   | (21       | )      |   | (35                        | )      |   | (30                         | )      |   | (10               | )      |
| Prepayment rate(a)(b)             |   | 11.7      | %      |   | 3.0                        | %      |   | 12.0                        | %      |   | 12.7              | %      |
| Effect      of                    |   |      |   |   |                       |   |   |                        |   |   |              |   |
| 10% Adverse    change             | $      | (5        | )      | $      | (7                         | )      | $      | (59                         | )      | $      | (5                | )      |
| 20% Adverse    change             |   | (9        | )      |   | (13                        | )      |   | (110                        | )      |   | (10               | )      |
| Estimate of credit      losses(a) |   | 2.3       | %      |   | 0.8                        | %      |   | 6.6                         | %      |   | 0.2               | %      |
| Effect      of                    |   |      |   |   |                       |   |   |                        |   |   |              |   |
| 10% Adverse    change             | $      | (7        | )      | $      | (6                         | )      | $      | (48                         | )      | $      | (3                | )      |
| 20% Adverse    change             |   | (14       | )      |   | (8                         | )      |   | (95                         | )      |   | (6                | )      |
| Remaining      weighted           |   |      |   |   |                       |   |   |                        |   |   |              |   |
| average lives (in      months)    |   | 31        |   |   | 47                         |   |   | 8                           |   |   | 18                |   |
| Net      credit losses            | $      | 58        |   | $      | –                    |   | $      | 576                         |   | $      | –           |   |
| Delinquencies                     |   | 121       |   |   | 13                         |   |   | 741                         |   |   | 12                |   |
|                              |   |      |   |   |                       |   |   |                        |   |   |              |   |

| (a) | Based      on weighted averages.                            |   |
|-----|-------------------------------------------------------------|--------|
| (b) | Represented      a payment rate on credit card receivables. |   |

----

| • | Credit support. We have      provided $7,117 million of credit support on behalf of certain customers      or associated companies, predominantly joint ventures and partnerships,      using arrangements such as standby letters of credit and performance      guarantees. These arrangements enable these customers and associated      companies to execute transactions or obtain desired financing arrangements      with third parties. Should the customer or associated company fail to      perform under the terms of the transaction or financing arrangement, we      would be required to perform on their behalf. Under most such      arrangements, our guarantee is secured, usually by the asset being      purchased or financed, but possibly by certain other assets of the      customer or associated company. The length of these credit support      arrangements parallels the length of the related financing arrangements or      transactions. The liability for such credit support was $42 million at      December 31, 2007. |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | Indemnification      agreements. These are agreements that require us to fund up to $364      million under residual value guarantees on a variety of leased equipment      and $1,687 million of other indemnification commitments arising primarily      from sales of businesses or assets. Under most of our residual value      guarantees, our commitment is secured by the leased asset at termination      of the lease. The liability for these indemnification agreements was $31      million at December 31, 2007. |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | Contingent      consideration. These are agreements to provide additional      consideration in a business combination to the seller if contractually      specified conditions related to the acquired entity are achieved. At      December 31, 2007, we had total maximum exposure for future estimated      payments of $178 million, of which none was earned and      payable. |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                          | First      quarter |   | Second      quarter |   | Third      quarter |   | Fourth      quarter |   |
|-------------------------------|--------------------|--------|---------------------|--------|--------------------|--------|---------------------|--------|
| (In      millions)            | 2007               |   | 2006                |   | 2007               |   | 2006                |   | 2007 |   | 2006 |   | 2007 |   | 2006 |   |
|                          |               |   |                |   |               |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      revenues           | $                  | 17,485 |                | $      | 14,394             |   | $                   | 17,235 |   | $ | 14,937 |   | $ | 18,120 |   | $ | 15,586 |   | $ | 19,346 |   | $ | 16,709 |   |
| Earnings      from continuing |               |   |                |   |               |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| operations before      income |               |   |                |   |               |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| taxes                         | $                  | 4,016  |                | $      | 2,765              |   | $                   | 3,143  |   | $ | 2,861 |   | $ | 3,209 |   | $ | 2,798 |   | $ | 3,396 |   | $ | 3,229 |   |
| Benefit      (provision) for  |               |   |                |   |               |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| income taxes                  |               | (592   | )                   |   | (448               | )      |                | (722   | ) |   | (356 | ) |   | 5 |   |   | (277 | ) |   | (27 | ) |   | (317 | ) |
| Earnings      from continuing |               |   |                |   |               |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| operations                    |               | 3,424  |                |   | 2,317              |   |                | 2,421  |   |   | 2,505 |   |   | 3,214 |   |   | 2,521 |   |   | 3,369 |   |   | 2,912 |   |
| Earnings      (loss) from     |               |   |                |   |               |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| discontinued      operations, |               |   |                |   |               |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| net of taxes                  |               | (401   | )                   |   | 351                |   |                | (255   | ) |   | 87 |   |   | (1,347 | ) |   | (9 | ) |   | (124 | ) |   | (26 | ) |
| Net      earnings             | $                  | 3,023  |                | $      | 2,668              |   | $                   | 2,166  |   | $ | 2,592 |   | $ | 1,867 |   | $ | 2,512 |   | $ | 3,245 |   | $ | 2,886 |   |

Item 9. Changes in andDisagreements With Accountants on Accounting and FinancialDisclosure.

Item 9A. Controls andProcedures.

----

Item 9B. OtherInformation.

Item 10. Directors, ExecutiveOfficers and Corporate Governance.

Item 11. ExecutiveCompensation.

Item 12. Security Ownership of CertainBeneficial Owners and Management and Related StockholderMatters.

Item 13. Certain Relationships andRelated Transactions, and Director Independence.

Item 14. PrincipalAccounting Fees and Services.

| (In      millions)      |   | 2007    |   |   | 2006    |   |
|-------------------------|--------|---------|--------|--------|---------|--------|
|                    |   |    |   |   |    |   |
| Type      of fees       |   |    |   |   |    |   |
| Audit      fees         | $      | 40.9    |   | $      | 32.5    |   |
| Audit-related      fees |   | 9.6     |   |   | 7.3     |   |
| Tax      fees           |   | 7.3     |   |   | 3.5     |   |
| All      other fees     |   | – |   |   | – |   |
|                    | $      | 57.8    |   | $      | 43.3    |   |

----

Item 15. Exhibits, Financial StatementSchedules.

| (a) 1. | Financial      Statements                |
|-------------|------------------------------------------|
|        |
|        | Included      in Part II of this report: |
|        |
|        |                                     | Report      of Independent Registered Public Accounting FirmStatement      of Earnings for each of the years in the three-year period ended December      31, 2007Statement      of Changes in Shareowner’s Equity for each of the years in the three-year      period ended December 31, 2007Statement      of Financial Position at December 31, 2007 and 2006Statement      of Cash Flows for each of the years in the three-year period ended      December 31, 2007Notes      to Consolidated Financial Statements |
|        |
|        | Incorporated      by reference:          |
|        |
|        |                                     | The      consolidated financial statements of General Electric Company, set forth      in the Annual Report on Form 10-K of General Electric Company (S.E.C. File      No. 001-00035) for the year ended December 31, 2007 (pages 39 through 113)      and Exhibit 12 (Ratio of Earnings to Fixed Charges) of General Electric      Company. |
|        |
| (a) 2. | Financial      Statement Schedules       |
|        |
|        | Schedule      I                          | Condensed      financial information of registrant. |
|        |                                     |   |
|        |                                     | All      other schedules are omitted because of the absence of conditions under      which they are required or because the required information is shown in      the financial statements or notesthereto. |

| (a) 3. | Exhibit      Index                                                                                                                                                                          |
|-------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|        |
|        | The      exhibits listed below, as part of Form 10-K, are numbered in conformity      with the numbering used in Item 601 of Regulation S-K of the Securities      and Exchange Commission. |

----

|   | ExhibitNumber |   | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|--------|---------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |
|   | 3(i)          |   | A      complete copy of the Certificate of Incorporation of GECS as last amended      on July 22, 1999, and currently in effect, consisting of the following:      (a) the Certificate of Incorporation of GECS as in effect immediately      prior to the filing of a Certificate of Amendment on July 22, 1999      (Incorporated by reference to Exhibit 3(i) of the GECS’ Form 10-K Report      for the year ended December 31, 1993); and (b) a Certificate of Amendment      filed with the Office of the Secretary of State, State of Delaware on July      22, 1999 (Incorporated by reference to Exhibit 3(i) of GECS’ Form 10-Q      Report for the quarter ended June 26, 1999). |
|   |
|   | 3(ii)         |   | A      complete copy of the By-Laws of GECS as last amended on September 19,      2002, and currently in effect (Incorporated by reference to Exhibit 3(ii)      of GECS’ Form 10-K Report for the year ended December 31,      2003).                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   |
|   | 4(a)          |   | Amended      and Restated General Electric Capital Corporation Standard Global Multiple      Series Indenture Provisions dated as of February 27, 1997 (Incorporated by      reference to Exhibit 4(a) to GECC’s Registration Statement on Form S-3,      File No. 333-59707).                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   |
|   | 4(b)          |   | Third      Amended and Restated Indenture dated as of February 27, 1997, between GECC      and The Bank of New York as successor trustee (Incorporated by reference      to Exhibit 4(c) to GECC’s Registration Statement on Form S-3, File No.      333-59707).                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |
|   | 4(c)          |   | First      Supplemental Indenture dated as of May 3, 1999, supplemental to Third      Amended and Restated Indenture dated as of February 27, 1997 (Incorporated      by reference to Exhibit 4(dd) to GECC’s Post-Effective Amendment No. 1 to      Registration Statement on Form S-3, File No.333-76479).                                                                                                                                                                                                                                                                                                                                                                                      |
|   |
|   | 4(d)          |   | Second      Supplemental Indenture dated as of July 2, 2001, supplemental to Third      Amended and Restated Indenture dated as of February 27, 1997 (Incorporated      by reference to Exhibit 4(f) to GECC’s Post-Effective Amendment No. 1 to      Registration Statement on Form S-3, File No.333-40880).                                                                                                                                                                                                                                                                                                                                                                                     |
|   |
|   | 4(e)          |   | Third      Supplemental Indenture dated as of November 22, 2002, supplemental to      Third Amended and Restated Indenture dated as of February 27, 1997      (Incorporated by reference to Exhibit 4(cc) to Post-Effective Amendment      No. 1 to GECC’s Registration Statement on Form S-3, File No.      333-100527).                                                                                                                                                                                                                                                                                                                                                                         |
|   |          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | 4(f)          |   | Eighth      Amended and Restated Fiscal and Paying Agency Agreement among GECC, GE      Capital Australia Funding Pty Ltd, GE Capital European Funding, GE Capital      Canada Funding Company, GE Capital UK Funding and JPMorgan Chase Bank,      N.A. and J.P. Morgan Bank Luxembourg S.A. dated as of May 12, 2006      (Incorporated by reference to Exhibit 4(f) to GECS’ Form 10-K Report for      the year ended December 31, 2006).                                                                                                                                                                                                                                                      |

----

|   | 4(g) |   | Form      of Global Medium-Term Note, Series A, Fixed Rate Registered Note      (Incorporated by reference to Exhibit 4(m) to GECC’s Registration      Statement on Form S-3, File No. 333-100527).                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|--------|------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |
|   | 4(h) |   | Form      of Global Medium-Term Note, Series A, Floating Rate Registered Note      (Incorporated by reference to Exhibit 4(n) to GECC’s Registration      Statement on Form S-3, File No. 333-100527).                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   |
|   | 4(i) |   | Form      of Euro Medium-Term Note and Debt Security – Permanent Global Fixed Rate      Bearer Note (Incorporated by reference to Exhibit 4(i) to GECS’ Form 10-K      Report for the year ended December 31, 2006).                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |
|   | 4(j) |   | Form      of Euro Medium-Term Note and Debt Security – Permanent Global Floating      Rate Bearer Note (Incorporated by reference to Exhibit 4(j) to GECS’ Form      10-K Report for the year ended December 31, 2006).                                                                                                                                                                                                                                                                                                                                                                                                            |
|   |
|   | 4(k) |   | Form      of Euro Medium-Term Note and Debt Security – Temporary Global Fixed Rate      Bearer Note (Incorporated by reference to Exhibit 4(k) to GECS’ Form 10-K      Report for the year ended December 31, 2006).                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |
|   | 4(l) |   | Form      of Euro Medium-Term Note and Debt Security – Temporary Global Floating      Rate Bearer Note (Incorporated by reference to Exhibit 4(l) to GECS’ Form      10-K Report for the year ended December 31, 2006).                                                                                                                                                                                                                                                                                                                                                                                                            |
|   |
|   | 4(m) |   | Form      of Euro Medium-Term Note and Debt Security – Definitive Fixed Rate Bearer      Note (Incorporated by reference to Exhibit 4(m) to GECS’ Form 10-K Report      for the year ended December 31, 2006).                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |
|   | 4(n) |   | Form      of Euro Medium-Term Note and Debt Security – Definitive Floating Rate      Bearer Note (Incorporated by reference to Exhibit 4(n) to GECS’ Form 10-K      Report for the year ended December 31, 2006).                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |
|   | 4(o) |   | Agreement      to furnish to the Securities and Exchange Commission upon request a copy      of instruments defining the rights of holders of certain long-term debt of      the registrant and all subsidiaries for which consolidated or      unconsolidated financial statements are required to be    filed.*                                                                                                                                                                                                                                                                                                                              |
|   |
|   | 4(p) |   | Letter      from the Senior Vice President and Chief Financial Officer of General      Electric Company to General Electric Capital Corporation (GECC) dated      September 15, 2006, with respect to returning dividends, distributions or      other payments to GECC in certain circumstances described in the Indenture      for Subordinated Debentures dated September 1, 2006, between GECC and the      Bank of New York (as successor to JPMorgan Chase Bank, N.A.) (Incorporated      by reference to Exhibit 4(c) to GECC’s Post-Effective Amendment No. 2 to      Registration Statement on Form S-3, File No.  333-132807). |

----

|                                                                                                                                                                                 |   |   |                                                                                                                                                                                                                                                                                                                                          |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                 | 10(a)  |   | Transaction      Agreement by and between Swiss Reinsurance Company and General Electric      Company dated November 18, 2005 (Incorporated by reference to Exhibit      10(gg) of General Electric Company’s Form 10-K Report for the year ended      December 31, 2005).                                                              |
|                                                                                                                                                                                 |   |   |                                                                                                                                                                                                                                                                                                                                          |
|                                                                                                                                                                                 | 12(a)  |   | Computation      of Ratio of Earnings to Fixed Charges.*                                                                                                                                                                                                                                                                                      |
|                                                                                                                                                                                 |
|                                                                                                                                                                                 | 12(b)  |   | Computation      of Ratio of Earnings to Combined Fixed Charges and Preferred Stock      Dividends.*                                                                                                                                                                                                                                          |
|                                                                                                                                                                                 |
|                                                                                                                                                                                 | 23(ii) |   | Consent      of KPMG LLP.*                                                                                                                                                                                                                                                                                                                    |
|                                                                                                                                                                                 |
|                                                                                                                                                                                 | 24     |   | Power      of Attorney.*                                                                                                                                                                                                                                                                                                                      |
|                                                                                                                                                                                 |
|                                                                                                                                                                                 | 31(a)  |   | Certification      Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange      Act of 1934, as amended.*                                                                                                                                                                                                                     |
|                                                                                                                                                                                 |
|                                                                                                                                                                                 | 31(b)  |   | Certification      Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange      Act of 1934, as amended.*                                                                                                                                                                                                                     |
|                                                                                                                                                                                 |
|                                                                                                                                                                                 | 32     |   | Certification      Pursuant to 18 U.S.C. Section 1350.*                                                                                                                                                                                                                                                                                       |
|                                                                                                                                                                                 |   |   |                                                                                                                                                                                                                                                                                                                                          |
|                                                                                                                                                                                 | 99(a)  |   | Income      Maintenance Agreement dated March 28, 1991, between General Electric      Company and General Electric Capital Corporation. (Incorporated by      reference to Exhibit 99(h) to GECC’s Registration Statement on Form S-3,      File No. 333-100527).                                                                       |
|                                                                                                                                                                                 |
|                                                                                                                                                                                 | 99(b)  |   | The      consolidated financial statements of General Electric Company, set forth      in the Annual Report on Form 10-K of General Electric Company (S.E.C. File      No. 001-00035) for the year ended December 31, 2007, (pages 39 through      113) and Exhibit 12 (Ratio of Earnings to Fixed Charges) of General      Electric Company. |
|                                                                                                                                                                                 |
|           *              Filed      electronically herewith. |

----

| For      the years ended December 31 (In millions)                 |   | 2007   |   |   | 2006   |   |   | 2005   |   |
|--------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                                               |   |   |   |   |   |   |   |   |   |
| Revenues                                                           | $      | 607    |   | $      | 147    |   | $      | 330    |   |
|                                                               |   |   |   |   |   |   |   |   |   |
| Expenses                                                           |   |   |   |   |   |   |   |   |   |
| Interest                                                           |   | 548    |   |   | 582    |   |   | 405    |   |
| Operating      and administrative                                  |   | 198    |   |   | 283    |   |   | 678    |   |
| Total expenses                                                     |   | 746    |   |   | 865    |   |   | 1,083  |   |
|                                                               |   |   |   |   |   |   |   |   |   |
| Loss      before income taxes and equity in earnings of affiliates |   | (139   | )      |   | (718   | )      |   | (753   | )      |
| Income      tax benefit (expense)                                  |   | (119   | )      |   | 938    |   |   | (814   | )      |
| Equity      in earnings of affiliates                              |   | 10,559 |   |   | 10,438 |   |   | 9,144  |   |
|                                                               |   |   |   |   |   |   |   |   |   |
| Net    earnings                                                    |   | 10,301 |   |   | 10,658 |   |   | 7,577  |   |
| Dividends                                                          |   | (7,450 | )      |   | (9,987 | )      |   | (7,816 | )      |
| Retained      earnings at January 1(a)                             |   | 35,500 |   |   | 34,906 |   |   | 35,145 |   |
|                                                               |   |   |   |   |   |   |   |   |   |
| Retained earnings at December      31                              | $      | 38,351 |   | $      | 35,577 |   | $      | 34,906 |   |
|                                                               |   |   |   |   |   |   |   |   |   |

| (a) | 2007      opening balance change reflects cumulative effect of change in accounting      principle of $(77) million related to adoption of FSP FAS      13-2. |   |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|

| See      accompanying notes. |   |
|------------------------------|--------|

----

| At      December 31 (In millions, except share amounts)                          |   | 2007   |   |   | 2006   |   |
|----------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                                             |   |   |   |   |   |   |
| Assets                                                                           |   |   |   |   |   |   |
| Cash      and equivalents                                                        | $      | 199    |   | $      | 1,022  |   |
| Investment      in and advances to affiliates                                    |   | 65,051 |   |   | 59,737 |   |
| Other      assets                                                                |   | 206    |   |   | 3,026  |   |
| Total      assets                                                                | $      | 65,456 |   | $      | 63,785 |   |
|                                                                             |   |   |   |   |   |   |
| Liabilities      and equity                                                      |   |   |   |   |   |   |
| Borrowings                                                                       | $      | 6,490  |   | $      | 8,119  |   |
| Other      liabilities                                                           |   | 790    |   |   | 1,069  |   |
| Totalliabilities                                                                 |   | 7,280  |   |   | 9,188  |   |
|                                                                             |   |   |   |   |   |   |
| Cumulative      preferred stock, $10,000 par value (80,000 shares    authorized; |   |   |   |   |   |   |
| 51,000 shares issued and held      primarily by consolidated affiliates at       |   |   |   |   |   |   |
| December 31, 2007 and      2006)                                                 |   | 510    |   |   | 510    |   |
| Common      stock, $1,000 par value (1,260 shares authorized at                  |   |   |   |   |   |   |
| December 31, 2007 and 2006, and      1,064 shares issued and outstanding at      |   |   |   |   |   |   |
| December 31, 2007 and      2006)                                                 |   | 1      |   |   | 1      |   |
| Accumulated      gains (losses) – net                                      |   |   |   |   |   |   |
| Investment      securities                                                       |   | 110    |   |   | 1,594  |   |
| Currency translation      adjustments                                            |   | 7,472  |   |   | 4,837  |   |
| Cash flow hedges                                                                 |   | (727   | )      |   | (171   | )      |
| Benefit plans                                                                    |   | (105   | )      |   | (278   | )      |
| Additional      paid-in capital                                                  |   | 12,564 |   |   | 12,527 |   |
| Retained      earnings                                                           |   | 38,351 |   |   | 35,577 |   |
| Total shareowner’s      equity                                             |   | 58,176 |   |   | 54,597 |   |
| Total      liabilities and equity                                                | $      | 65,456 |   | $      | 63,785 |   |
|                                                                             |   |   |   |   |   |   |

| The      sum of accumulated gains (losses) on investment securities, currency      translation adjustments, cash flow hedges and benefit plans constitutes      “Accumulated nonowner changes other than earnings,” and was $6,750 million      and $5,982 million at December 31, 2007 and 2006,      respectively. |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| See      accompanying notes.                                                                                                                                                                                                                                                                                                     |   |

----

| For      the years ended December 31 (In millions)                   | 2007   |   | 2006   |   | 2005   |   |
|----------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                                 |   |   |   |   |   |   |
| Cash      from operating activities                                  | $      | 8,640  |   | $      | 7,716  |   | $ | 7,324 |   |
| Cash      flows -      investing activities                          |   |   |   |   |   |   |   |   |   |
| Decrease      (increase) in investment in and advances to affiliates |   | (2,354 | )      |   | 4,019  |   |   | 559 |   |
| Net      decrease (increase) in other assets                         |   | 1,969  |   |   | (1,581 | )      |   | 489 |   |
|                                                                 |   |   |   |   |   |   |   |   |   |
| Cash      from (used for) investing activities                       |   | (385   | )      |   | 2,438  |   |   | 1,048 |   |
|                                                                 |   |   |   |   |   |   |   |   |   |
| Cash      flows -      financing activities                          |   |   |   |   |   |   |   |   |   |
| Net      increase (decrease) in borrowings                           |   | (1,804 | )      |   | (39    | )      |   | 142 |   |
| Dividends      paid to shareowner                                    |   | (7,291 | )      |   | (9,847 | )      |   | (7,816 | ) |
| All      other financing activities                                  |   | 17     |   |   | 11     |   |   | – |   |
|                                                                 |   |   |   |   |   |   |   |   |   |
| Cash      used for financing activities                              |   | (9,078 | )      |   | (9,875 | )      |   | (7,674 | ) |
|                                                                 |   |   |   |   |   |   |   |   |   |
|                                                                 |   |   |   |   |   |   |   |   |   |
| Increase      (decrease) in cash and equivalents during year         |   | (823   | )      |   | 279    |   |   | 698 |   |
| Cash      and equivalents at beginning of year                       |   | 1,022  |   |   | 743    |   |   | 45 |   |
| Cash      and equivalents at end of year                             | $      | 199    |   | $      | 1,022  |   | $ | 743 |   |
|                                                                 |   |   |   |   |   |   |   |   |   |
|                                                                 |   |
| See      accompanying notes.                                         |   |

----

----

|                   |   | General      Electric Capital Services, Inc. |
|------------------------|--------|----------------------------------------------|
|                   |   |                                         |
| February      19, 2008 |   | By: /s/      Jeffrey R. Immelt          |   |
|                   |   | Jeffrey      R. Immelt                       |
|                   |   | Chief      Executive Officer                 |

----

| Signature                                 |                                 | Title                                     |   | Date                   |
|-------------------------------------------|--------------------------------------|-------------------------------------------|--------|------------------------|
|                                      |                                 |                                      |   |                   |
| /s/      Jeffrey R. Immelt                |                                 | Chief      Executive Officer              |   | February      19, 2008 |
| Jeffrey      R. Immelt                    |                                 | (Principal      Executive Officer)        |   |                   |
|                                      |                                 |                                      |   |                   |
| /s/      Keith S. Sherin                  |                                 | Chief      Financial Officer              |   | February      19, 2008 |
| Keith      S. Sherin                      |                                 | (Principal      Financial Officer)        |   |                   |
|                                      |                                 |                                      |   |                   |
| /s/      Philip D. Ameen                  |                                 | Senior      Vice President and Controller |   | February      19, 2008 |
| Philip      D. Ameen                      |                                 | (Principal      Accounting Officer)       |   |                   |
|                                      |                                 |                                      |   |                   |
|                                      |                                 |                                      |   |                   |
| CHARLES      E. ALEXANDER*                |                                 | Director                                  |   |                   |
| JEFFREY      S. BORNSTEIN*                |                                 | Director                                  |   |                   |
| KATHRYN      A. CASSIDY*                  |                                 | Director                                  |   |                   |
| JAMES      A. COLICA*                     |                                 | Director                                  |   |                   |
| PAMELA      DALEY*                        |                                 | Director                                  |   |                   |
| BRACKETT      B. DENNISTON*               |                                 | Director                                  |   |                   |
| JEFFREY      R. IMMELT*                   |                                 | Director                                  |   |                   |
| JAMES      W. IRELAND*                    |                                 | Director                                  |   |                   |
| JOHN      KRENICKI, JR.*                  |                                 | Director                                  |   |                   |
| MICHAEL      A. NEAL*                     |                                 | Director                                  |   |                   |
| DAVID      R. NISSEN*                     |                                 | Director                                  |   |                   |
| RONALD      R. PRESSMAN*                  |                                 | Director                                  |   |                   |
| DEBORAH      M. REIF*                     |                                 | Director                                  |   |                   |
| JOHN      G. RICE*                        |                                 | Director                                  |   |                   |
| JOHN      M. SAMUELS*                     |                                 | Director                                  |   |                   |
| KEITH      S. SHERIN*                     |                                 | Director                                  |   |                   |
| LLOYD      G. TROTTER*                    |                                 | Director                                  |   |                   |
| ROBERT      C. WRIGHT*                    |                                 | Director                                  |   |                   |
|                                      |                                 |                                      |   |                   |
| A      MAJORITY OF THE BOARD OF DIRECTORS |                                 |                                      |
|                                      |                                 |                                      |   |                   |
| *By:                                      | /s/      Philip D. Ameen             |                                      |   | February      19, 2008 |
|                                      | Philip      D. AmeenAttorney-in-fact |                                      |   |                   |

----