<PAGE>



                                                                      EXHIBIT 24

                                POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS,  that each of the  undersigned,  being directors
and/or  officers  of  General  Electric  Capital  Services,   Inc.,  a  Delaware
corporation (the "Corporation"),  hereby constitutes and appoints Gary C. Wendt,
James A. Parke, Joan C. Amble and Nancy E. Barton and each of them, his true and
lawful   attorney-in-fact  and  agent,  with  full  power  of  substitution  and
resubstitution,  for  him  and in his  name,  place  and  stead  in any  and all
capacities, to sign one or more Annual Reports for the Corporation's fiscal year
ended December 31, 1997, on Form 10-K under the Securities Exchange Act of 1934,
as amended,  or such other form as such  attorney-in-fact  may deem necessary or
desirable, any amendments thereto, and all additional amendments thereto in such
form as they or any one of them  may  approve,  and to file  the  same  with all
exhibits thereto and other documents in connection therewith with the Securities
and Exchange Commission,  granting unto said  attorneys-in-fact  and agents, and
each of them,  full power and authority to do and perform each and every act and
thing  requisite  and necessary to be done to the end that such Annual Report or
Annual  Reports  shall  comply  with the  Securities  Exchange  Act of 1934,  as
amended, and the applicable Rules and Regulations of the Securities and Exchange
Commission  adopted or issued pursuant thereto,  as fully and to all intents and
purposes as he might or could do in person,  hereby ratifying and confirming all
that  said  attorneys-in-fact  and  agents,  or  any of  them  or  their  or his
substitute  or  resubstitute,  may  lawfully  do or cause  to be done by  virtue
hereof.

IN WITNESS WHEREOF,  each of the undersigned has hereunto set his hand this 25th
day of March, 1998.



/s/ Gary C. Wendt                                 /s/ James A. Parke
----------------------                            ----------------------
Gary C. Wendt,                                    James A. Parke,
Chairman of the Board,                            Senior Vice President, Finance
President and Chief Executive Officer             (Principal Financial Officer)
(Principal Executive Officer)



                           /s/ Joan C. Amble
                           ----------------------
                           Joan C. Amble,
                           Vice President and Controller
                           (Principal Accounting Officer)




                                                                   (Page 1 of 2)


<PAGE>



/s/ Kaj Ahlmann
--------------------------                            --------------------------
Kaj Ahlmann,                                          W. James McNerney, Jr.,
Director                                              Director


/s/ Nigel D.T. Andrews                                /s/ John H. Myers
--------------------------                            --------------------------
Nigel D.T. Andrews,                                   John H. Myers,
Director                                              Director


/s/ James R. Bunt                                     /s/ Robert L. Nardelli
--------------------------                            --------------------------
James R. Bunt,                                        Robert L. Nardelli,
Director                                              Director


/s/ David M. Cote                                     /s/ Denis J. Nayden
--------------------------                            --------------------------
David M. Cote,                                        Denis J. Nayden,
Director                                              Director


/s/ Dennis D. Dammerman
--------------------------                            --------------------------
Dennis D. Dammerman,                                  Michael A. Neal,
Director                                              Director


                                                      /s/ John M. Samuels
--------------------------                            --------------------------
Paolo Fresco,                                         John M. Samuels,
Director                                              Director


/s/ Benjamin W. Heineman, Jr.                         /s/ Edward D. Stewart
--------------------------                            --------------------------
Benjamin W. Heineman, Jr.,                            Edward D. Stewart,
Director                                              Director


/s/ Jeffrey R. Immelt                                 /s/ John F. Welch, Jr.
--------------------------                            --------------------------
Jeffrey R. Immelt,                                    John F. Welch, Jr.,
Director                                              Director



A MAJORITY OF THE BOARD OF DIRECTORS

                                                                   (Page 2 of 2)