| (Mark      One)                                                                                                |
|----------------------------------------------------------------------------------------------------------------|
| þ Annual      Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of      1934     |
|                                                                                                           |
| For      the fiscal year ended December 31, 2008                                                               |
| 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 incharter)             |

| Delaware                                                            |   |            |   | 06-1109503                                                   |
|---------------------------------------------------------------------|--------|-----------------|--------|--------------------------------------------------------------|
| (State      or other jurisdiction of incorporation or organization) |   |            |   | (I.R.S.      Employer Identification No.)                    |
|                                                                |   |            |   |                                                         |
| 3135      Easton Turnpike, Fairfield, CT                            |   | 06828-0001      |   | 203/373-2211                                                 |
| (Address      of principal executive offices)                       |   | (Zip      Code) |   | (Registrant’s      Telephone No., 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 NotesDue      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 pershare                     |

| 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 | 10 |
| Item 2.                | Properties | 10 |
| Item 3.                | Legal      Proceedings | 10 |
| 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 | 43 |
| Item 8.                | Financial      Statements and Supplementary Data | 43 |
| Item 9.                | Changes      in and Disagreements With Accountants on Accounting and Financial      Disclosure | 91 |
| Item 9A.               | Controls      and Procedures | 91 |
| Item 9B.               | Other      Information | 91 |
|                   |   |   |
| PART      III          |   |   |
|                   |   |   |
| Item 10.               | Directors,      Executive Officers and Corporate Governance | 92 |
| Item 11.               | Executive      Compensation | 92 |
| Item 12.               | Security      Ownership of Certain Beneficial Owners and Management and Related      Stockholder Matters | 92 |
| Item 13.               | Certain      Relationships and Related Transactions, and Director      Independence | 92 |
| Item 14.               | Principal      Accounting Fees and Services | 92 |
|                   |   |   |
| PART      IV           |   |   |
|                   |   |   |
| Item 15.               | Exhibits,      Financial Statement Schedules | 93 |
|                   | Signatures  | 100 |

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Item 1. Business.

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Item 1A. Risk Factors

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Item 1B. Unresolved StaffComments.

Item 2. Properties.

Item 3. Legal Proceedings.

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Item 4. Submission of Matters to a Voteof Security Holders.

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

| (In    millions)                                    | 2008   |    | 2007   |   | 2006    |   | 2005   |    | 2004   |   |
|-----------------------------------------------------|--------|---------|--------|--------|---------|--------|--------|---------|--------|--------|
|                                                |   |    |   |   |    |   |   |    |   |   |   |   |   |   |   |
| Revenues                                            | $      | 71,287  |   | $      | 71,936  |   | $      | 61,351  |   | $      | 54,889 |   | $ | 50,320 |   |
| Earnings      from continuing operations            |   | 7,774   |   |   | 12,417  |   |   | 10,219  |   |   | 8,929 |   |   | 7,614 |   |
| Earnings      (loss) from discontinued              |   |    |   |   |    |   |   |    |   |   |   |   |   |   |   |
| operations, net of      taxes                       |   | (719    | )      |   | (2,116  | )      |   | 439     |   |   | (1,352 | ) |   | 1,114 |   |
| Net      earnings                                   |   | 7,055   |   |   | 10,301  |   |   | 10,658  |   |   | 7,577 |   |   | 8,728 |   |
| Shareowner’s      equity                      |   | 53,279  |   |   | 57,676  |   |   | 54,097  |   |   | 50,812 |   |   | 54,379 |   |
| Short-term      borrowings                          |   | 193,533 |   |   | 192,420 |   |   | 173,312 |   |   | 157,663 |   |   | 154,277 |   |
| Long-term      borrowings                           |   | 321,068 |   |   | 308,502 |   |   | 252,950 |   |   | 204,379 |   |   | 201,186 |   |
| Return      on average shareowner’s equity(a) |   | 13.6    | %      |   | 22.4    | %      |   | 21.9    | %      |   | 19.0 | % |   | 16.6 | % |
| GECS      ratio of earnings to fixed charges        |   | 1.22    |   |   | 1.59    |   |   | 1.64    |   |   | 1.70 |   |   | 1.82 |   |
| GECC      ratio of debt to equity                   |   | 8.76:1  | (b)    |   | 8.10:1  |   |   | 7.52:1  |   |   | 7.09:1 |   |   | 6.45:1 |   |
| Financing      receivables – net              | $      | 372,456 |   | $      | 384,067 |   | $      | 326,890 |   | $      | 280,180 |   | $ | 273,759 |   |
| Total      assets                                   |   | 660,902 |   |   | 646,485 |   |   | 565,258 |   |   | 540,584 |   |   | 618,614 |   |
|                                                |   |    |   |   |    |   |   |    |   |   |   |   |   |   |   |

| (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, 2008, is described in the Supplemental Information      section in Part II, Item 7. “Management’s Discussion and Analysis of      Financial Condition and Results of Operations” of this Form 10-K      Report. |   |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | 7.07:1      net of cash and equivalents and with classification of hybrid debt as      equity.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |

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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 of this Item and in notes 12 and 20 to the consolidated      financial statements in Part II, Item 8. “Financial Statements and      Supplementary Data” of this Form 10-KReport. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | 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 and derivative financial      instruments activities (see the Financial Resources and Liquidity and      Critical Accounting Estimates sections of this Item and notes 1, 5, 6, 7,      20 and 22 to the consolidated financial statements in Part II, Item 8.      “Financial Statements and Supplementary Data” of this Form 10-K      Report). |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | 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 of this Item and in notes 5, 6, 8, 19 and 20 to the      consolidated financial statements in Part II, Item 8. “Financial      Statements and Supplementary Data” of this Form 10-K    Report. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Government      and regulatory risk is the risk that the government or regulatory      authorities will implement new laws or rules, amend existing laws or      rules, or interpret or enforce them in ways that would cause us to have to      change our business models or practices. We manage these risks through the      GECS Board, our Policy Compliance Review Board and our Corporate Risk      Committee. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Our      real estate investment portfolio includes approximately 3,200 properties      located in 900 cities and 22 countries, with 71% of this portfolio outside      the U.S., primarily located in Europe, the U.K., Asia, Canada and Mexico,      across a wide variety of property types including office,      industrial/warehouse, andmultifamily. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Our      real estate lending portfolio is secured by approximately 4,800 properties      in 1,900 cities and 25 countries, with 44% of the assets securing this      portfolio located outside the U.S., across a wide variety of property      types including office, multifamily andhotel. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The      single tenant financing portfolio has approximately 4,200 properties and      1,360 cities in the U.S. and Canada, and an average loan size under $3      million. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (In      millions)                                         | 2008   |   | 2007   |   | 2006   |   |
|------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                       |   |   |   |   |   |   |
| Revenues                                                   |   |   |   |   |   |   |   |   |   |
| CLL                                                        | $      | 26,742 |   | $      | 27,267 |   | $ | 25,833 |   |
| GE      Money                                              |   | 25,012 |   |   | 24,769 |   |   | 19,508 |   |
| Real      Estate                                           |   | 6,646  |   |   | 7,021  |   |   | 5,020 |   |
| Energy      Financial Services                             |   | 3,707  |   |   | 2,405  |   |   | 1,664 |   |
| GECAS                                                      |   | 4,901  |   |   | 4,839  |   |   | 4,353 |   |
| Total segment      revenues                                |   | 67,008 |   |   | 66,301 |   |   | 56,378 |   |
| GECS      corporate items and eliminations(a)              |   | 4,279  |   |   | 5,635  |   |   | 4,973 |   |
| Total      revenues in GECS                                | $      | 71,287 |   | $      | 71,936 |   | $ | 61,351 |   |
|                                                       |   |   |   |   |   |   |   |   |   |
| Segment      profit                                        |   |   |   |   |   |   |   |   |   |
| CLL                                                        | $      | 1,805  |   | $      | 3,801  |   | $ | 3,503 |   |
| GE      Money                                              |   | 3,664  |   |   | 4,269  |   |   | 3,231 |   |
| Real      Estate                                           |   | 1,144  |   |   | 2,285  |   |   | 1,841 |   |
| Energy      Financial Services                             |   | 825    |   |   | 677    |   |   | 648 |   |
| GECAS                                                      |   | 1,194  |   |   | 1,211  |   |   | 1,174 |   |
| Total segment    profit                                    |   | 8,632  |   |   | 12,243 |   |   | 10,397 |   |
| GECS      corporate items and eliminations(a)(b)(c)        |   | (858   | )      |   | 174    |   |   | (178 | ) |
| Earnings      in GECS from continuing operations           |   | 7,774  |   |   | 12,417 |   |   | 10,219 |   |
| Earnings      (loss) in GECS from discontinued operations, |   |   |   |   |   |   |   |   |   |
| net of taxes                                               |   | (719   | )      |   | (2,116 | )      |   | 439 |   |
| Total      net earnings in GECS                            | $      | 7,055  |   | $      | 10,301 |   | $ | 10,658 |   |
|                                                       |   |   |   |   |   |   |   |   |   |

| (a) | Included      a gain on sale of Swiss Re common stock of $0.6 billion pre tax ($0.3      billion after tax) in 2007.                                                                                                                                                                                  |   |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | Included      restructuring and other charges for 2008 and 2007 of $0.5 billion and $0.4      billion, respectively; related to CLL ($0.3 billion and $0.2 billion),      primarily business exits and GE Money ($0.2 billion and $0.1 billion),      primarily planned business and portfolio exits. |   |
| (c) | Included      $0.5 billion and $0.2 billion during 2008 and 2007, respectively, of      net earnings related to our treasury operations.                                                                                                                                                         |   |

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

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| (In      millions)            | 2008   |    | 2007   |   | 2006    |   |
|-------------------------------|--------|---------|--------|--------|---------|--------|
|                          |   |    |   |   |    |   |
| Revenues                      | $      | 26,742  |   | $      | 27,267  |   | $ | 25,833 |   |
|                          |   |    |   |   |    |   |   |   |   |
| Segment      profit           | $      | 1,805   |   | $      | 3,801   |   | $ | 3,503 |   |
|                          |   |    |   |   |    |   |   |
|                          |   |    |   |   |    |   |   |
| December 31(In      millions) | 2008   |    | 2007   |   |    |   |   |
|                          |   |    |   |   |    |   |   |
| Total      assets             | $      | 232,486 |   | $      | 229,608 |   |   |   |   |
|                          |   |    |   |   |    |   |
|                          |   |    |   |   |    |   |
| (In      millions)            | 2008   |    | 2007   |   | 2006    |   |
|                          |   |    |   |   |    |   |   |   |   |
| Revenues                      |   |    |   |   |    |   |   |   |   |
| CapitalSolutions              | $      | 14,626  |   | $      | 14,354  |   | $ | 14,169 |   |
|                          |   |    |   |   |    |   |   |   |   |
| Segment      profit           |   |    |   |   |    |   |   |   |   |
| CapitalSolutions              | $      | 1,312   |   | $      | 1,889   |   | $ | 1,789 |   |
|                          |   |    |   |   |    |   |
|                          |   |    |   |   |    |   |
| December 31(In      millions) | 2008   |    | 2007   |   |    |   |   |
|                          |   |    |   |   |    |   |   |   |   |
| Total      assets             |   |    |   |   |    |   |   |   |   |
| CapitalSolutions              | $      | 119,051 |   | $      | 122,527 |   |   |   |   |

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|  (In      millions)      | 2008   |    | 2007   |   | 2006    |   |
|-------------------------------|--------|---------|--------|--------|---------|--------|
|                          |   |    |   |   |    |   |   |   |   |
| Revenues                      | $      | 25,012  |   | $      | 24,769  |   | $ | 19,508 |   |
|                          |   |    |   |   |    |   |   |   |   |
| Segment      profit           | $      | 3,664   |   | $      | 4,269   |   | $ | 3,231 |   |
|                          |   |    |   |   |    |   |
|                          |   |    |   |   |    |   |
| December 31(In      millions) | 2008   |    | 2007   |   |    |   |   |
|                          |   |    |   |   |    |   |   |   |   |
| Total      assets             | $      | 183,617 |   | $      | 209,178 |   |   |   |   |

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| (In      millions)            | 2008   |   | 2007   |   | 2006   |   |
|-------------------------------|--------|--------|--------|--------|--------|--------|
|                          |   |   |   |   |   |   |
| Revenues                      | $      | 6,646  |   | $      | 7,021  |   | $ | 5,020 |   |
|                          |   |   |   |   |   |   |   |   |   |
| Segment      profit           | $      | 1,144  |   | $      | 2,285  |   | $ | 1,841 |   |
|                          |   |   |   |   |   |   |
|                          |   |   |   |   |   |   |
| December 31(In      millions) | 2008   |   | 2007   |   |   |   |   |
|                          |   |   |   |   |   |   |   |
| Total      assets             | $      | 85,266 |   | $      | 79,285 |   |   |   |   |

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| (In      millions)            | 2008   |   | 2007   |   | 2006   |   |
|-------------------------------|--------|--------|--------|--------|--------|--------|
|                          |   |   |   |   |   |   |
| Revenues                      | $      | 3,707  |   | $      | 2,405  |   | $ | 1,664 |   |
|                          |   |   |   |   |   |   |   |   |   |
| Segment      profit           | $      | 825    |   | $      | 677    |   | $ | 648 |   |
|                          |   |   |   |   |   |   |   |
|                          |   |   |   |   |   |   |   |
| December 31(In      millions) | 2008   |   | 2007   |   |   |   |   |
|                          |   |   |   |   |   |   |   |
| Total      assets             | $      | 22,079 |   | $      | 18,705 |   |   |   |   |

| (In      millions)            | 2008   |   | 2007   |   | 2006   |   |
|-------------------------------|--------|--------|--------|--------|--------|--------|
|                          |   |   |   |   |   |   |
| Revenues                      | $      | 4,901  |   | $      | 4,839  |   | $ | 4,353 |   |
|                          |   |   |   |   |   |   |   |   |   |
| Segment      profit           | $      | 1,194  |   | $      | 1,211  |   | $ | 1,174 |   |
|                          |   |   |   |   |   |   |
|                          |   |   |   |   |   |   |
| December 31(In      millions) | 2008   |   | 2007   |   |   |   |   |
|                          |   |   |   |   |   |   |   |
| Total      assets             | $      | 49,455 |   | $      | 47,189 |   |   |   |   |

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| (In      millions)                                         | 2008   |   | 2007   |   | 2006   |   |
|------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                       |   |   |   |   |   |   |   |   |   |
| Earnings      (loss) in GECS from discontinued operations, |   |   |   |   |   |   |   |   |   |
| net of taxes                                               | $      | (719   | )      | $      | (2,116 | )      | $ | 439 |   |

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| (In      billions)          | 2008   |   | 2007   |   | 2006   |   |
|-----------------------------|--------|--------|--------|--------|--------|--------|
|                        |   |   |   |   |   |   |   |   |   |
| U.S.                        | $      | 33.5   |   | $      | 35.5   |   | $ | 33.8 |   |
| Europe                      |   | 21.2   |   |   | 20.0   |   |   | 15.4 |   |
| Pacific      Basin          |   | 10.0   |   |   | 10.0   |   |   | 7.3 |   |
| Americas                    |   | 5.2    |   |   | 4.7    |   |   | 3.8 |   |
| Middle      East and Africa |   | 0.4    |   |   | 0.3    |   |   | 0.2 |   |
| Other      Global           |   | 1.0    |   |   | 1.4    |   |   | 0.9 |   |
| Total                       | $      | 71.3   |   | $      | 71.9   |   | $ | 61.4 |   |

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|                           | Financingreceivables |    | Nonearningreceivables |   | Allowance      forlosses |   |
|--------------------------------|----------------------|---------|-----------------------|--------|--------------------------|--------|
| December      31 (In millions) | 2008                 |    | 2007                  |   | 2008                     |   | 2007 |   | 2008 |   | 2007 |   |
|                           |                 |    |                  |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CLL                            |                 |    |                  |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equipment      and             |                 |    |                  |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| leasing      and other         | $                    | 99,769  |                  | $      | 96,817                   |   | $ | 1,526 |   | $ | 939 |   | $ | 894 |   | $ | 661 |   |
| Commercial      and            |                 |    |                  |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| industrial                     |                 | 64,332  |                  |   | 58,863                   |   |   | 1,128 |   |   | 757 |   |   | 415 |   |   | 276 |   |
|                           |                 |    |                  |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| GE      Money                  |                 |    |                  |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-U.S.      residential      |                 |    |                  |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| mortgages                      |                 | 59,595  |                  |   | 73,042                   |   |   | 3,317 |   |   | 2,465 |   |   | 382 |   |   | 246 |   |
| Non-U.S.      installment      |                 |    |                  |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| and      revolving credit      |                 | 24,441  |                  |   | 34,669                   |   |   | 413 |   |   | 533 |   |   | 1,051 |   |   | 1,371 |   |
| U.S.      installment and      |                 |    |                  |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| revolving      credit          |                 | 27,645  |                  |   | 27,914                   |   |   | 758 |   |   | 515 |   |   | 1,700 |   |   | 985 |   |
| Non-U.S.      auto             |                 | 18,168  |                  |   | 27,368                   |   |   | 83 |   |   | 75 |   |   | 222 |   |   | 324 |   |
| Other                          |                 | 9,244   |                  |   | 10,198                   |   |   | 152 |   |   | 91 |   |   | 214 |   |   | 162 |   |
|                           |                 |    |                  |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Real Estate(a)                 |                 | 46,735  |                  |   | 32,228                   |   |   | 194 |   |   | 25 |   |   | 301 |   |   | 168 |   |
|                           |                 |    |                  |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Energy      Financial          |                 |    |                  |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Services                       |                 | 8,392   |                  |   | 7,898                    |   |   | 241 |   |   | - |   |   | 58 |   |   | 19 |   |
|                           |                 |    |                  |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| GECAS                          |                 | 15,429  |                  |   | 14,197                   |   |   | 146 |   |   | - |   |   | 60 |   |   | 8 |   |
|                           |                 |    |                  |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other                          |                 | 4,031   |                  |   | 5,111                    |   |   | 38 |   |   | 71 |   |   | 28 |   |   | 18 |   |
| Total                          | $                    | 377,781 |                  | $      | 388,305                  |   | $ | 7,996 |   | $ | 5,471 |   | $ | 5,325 |   | $ | 4,238 |   |
|                           |                 |    |                  |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a) | Financing      receivables included $731 million and $452 million of construction loans      at December 31, 2008 and 2007, respectively. |   |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------|--------|

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|                      | Nonearningreceivables      asa      percent of financingreceivables |   | Allowance      for losses as      a percent of nonearning receivables |   | Allowance      for losses as      a percent oftotal      financingreceivables |   |
|---------------------------|---------------------------------------------------------------------|--------|----------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------|--------|
| December      31          | 2008                                                                |   | 2007                                                                       |   | 2008                                                                               |   | 2007 |   | 2008 |   | 2007 |   |
|                      |                                                                |   |                                                                       |   |                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CLL                       |                                                                |   |                                                                       |   |                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equipment      and        |                                                                |   |                                                                       |   |                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| leasing      and other    |                                                                | 1.5    | %                                                                          |   | 1.0                                                                                | %      |   | 58.6 | % |   | 70.4 | % |   | 0.9 | % |   | 0.7 | % |
| Commercial      and       |                                                                |   |                                                                       |   |                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| industrial                |                                                                | 1.8    |                                                                       |   | 1.3                                                                                |   |   | 36.8 |   |   | 36.5 |   |   | 0.6 |   |   | 0.5 |   |
|                      |                                                                |   |                                                                       |   |                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| GE      Money             |                                                                |   |                                                                       |   |                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-U.S.      residential |                                                                |   |                                                                       |   |                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| mortgages                 |                                                                | 5.6    |                                                                       |   | 3.4                                                                                |   |   | 11.5 |   |   | 10.0 |   |   | 0.6 |   |   | 0.3 |   |
| Non-U.S.      installment |                                                                |   |                                                                       |   |                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| and      revolving credit |                                                                | 1.7    |                                                                       |   | 1.5                                                                                |   |   | 254.5 |   |   | 257.2 |   |   | 4.3 |   |   | 4.0 |   |
| U.S.      installment and |                                                                |   |                                                                       |   |                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| revolving      credit     |                                                                | 2.7    |                                                                       |   | 1.8                                                                                |   |   | 224.3 |   |   | 191.3 |   |   | 6.1 |   |   | 3.5 |   |
| Non-U.S.      auto        |                                                                | 0.5    |                                                                       |   | 0.3                                                                                |   |   | 267.5 |   |   | 432.0 |   |   | 1.2 |   |   | 1.2 |   |
| Other                     |                                                                | 1.6    |                                                                       |   | 0.9                                                                                |   |   | 140.8 |   |   | 178.0 |   |   | 2.3 |   |   | 1.6 |   |
|                      |                                                                |   |                                                                       |   |                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Real      Estate          |                                                                | 0.4    |                                                                       |   | 0.1                                                                                |   |   | 155.2 |   |   | 672.0 |   |   | 0.6 |   |   | 0.5 |   |
|                      |                                                                |   |                                                                       |   |                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Energy      Financial     |                                                                |   |                                                                       |   |                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Services                  |                                                                | 2.9    |                                                                       |   | −                                                                            |   |   | 24.1 |   |   | − |   |   | 0.7 |   |   | 0.2 |   |
|                      |                                                                |   |                                                                       |   |                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| GECAS                     |                                                                | 0.9    |                                                                       |   | −                                                                            |   |   | 41.1 |   |   | − |   |   | 0.4 |   |   | 0.1 |   |
|                      |                                                                |   |                                                                       |   |                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other                     |                                                                | 0.9    |                                                                       |   | 1.4                                                                                |   |   | 73.7 |   |   | 25.4 |   |   | 0.7 |   |   | 0.4 |   |
|                      |                                                                |   |                                                                       |   |                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                     |                                                                | 2.1    |                                                                       |   | 1.4                                                                                |   |   | 66.6 |   |   | 77.5 |   |   | 1.4 |   |   | 1.1 |   |

| December      31 (In millions)                |   | 2008   |   |   | 2007   |   |
|-----------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                          |   |   |   |   |   |   |
| Loans      requiring allowance for losses     | $      | 2,712  |   | $      | 986    |   |
| Loans      expected to be fully recoverable   |   | 871    |   |   | 391    |   |
| Total      impaired loans                     | $      | 3,583  |   | $      | 1,377  |   |
|                                          |   |   |   |   |   |   |
| Allowance      for losses                     | $      | 635    |   | $      | 361    |   |
| Average      investment during year           |   | 2,064  |   |   | 1,576  |   |
| Interest      income earned while impaired(a) |   | 27     |   |   | 19     |   |
|                                          |   |   |   |   |   |   |

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

----

| December      31         |   | 2008   |   |   | 2007   |   |   | 2006   |   |
|--------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                     |   |   |   |   |   |   |   |   |   |
| Equipment      Financing |   | 2.17   | %      |   | 1.21   | %      |   | 1.22   | %      |
| Consumer                 |   | 7.47   |   |   | 5.38   |   |   | 5.22   |   |
| U.S.                     |   | 7.14   |   |   | 5.52   |   |   | 4.93   |   |
| Non-U.S.                 |   | 7.64   |   |   | 5.32   |   |   | 5.34   |   |

----

----

| ·   | Reduced      the GECS dividend to GE from 40% to 10% of GECS earnings and suspended the      GE stock repurchase program. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------|

| ·   | Raised      $15 billion in cash through common and preferred stock offerings in      October 2008 and contributed $5.5 billion to GE Capital. In February 2009,      the GE Board authorized a capital contribution of up to $9.5 billion to GE      Capital, which is expected to be made in the first quarter of      2009. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Reduced      commercial paper borrowings at GECS to $72 billion at December 31,      2008. |
|--------------------|--------------------------------------------------------------------------------------------|

| ·   | Targeted      to further reduce GECS commercial paper borrowings to $50 billion by the      end of 2009 and to target committed credit lines equal to GECS commercial      paper borrowings going forward. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Grown      our alternative funding to $54 billion at December 31, 2008, including $36      billion of bank deposits. |
|--------------------|----------------------------------------------------------------------------------------------------------------------|

| ·   | Registered      to use the Federal Reserve’s Commercial Paper Funding Facility (CPFF) for      up to $98 billion, which is available through October 31,      2009. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Registered      to use the Federal Deposit Insurance Corporation’s (FDIC) Temporary      Liquidity Guarantee Program (TLGP) for approximately $126      billion. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | We      are managing collections versus originations to help support liquidity      needs and are estimating $25 billion of excess collections in      2009. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | 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 of our borrowings match the      expected yields on our assets. To test the effectiveness of our positions,      we assumed that, on January 1, 2009, 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 2009. We      estimated, based on the year-end 2008 portfolio and holding everything      else constant, that our 2009 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 2008 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 2009 earnings of such a shift in exchange  rates. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | Changes      in benefit plans reduced shareowner’s equity by $0.3 billion in 2008,      reflecting declines in the fair value of plan assets as a result of market      conditions and adverse changes in the economic environment. This compared      with increases of $0.2 billion and an insignificant amount in 2007 and      2006, respectively. In addition, adoption of SFAS 158, Employers' Accounting for      Defined Benefit Pension and Other Postretirement Plans, at December      31, 2006, reduced shareowner’s equity by $0.1  billion. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Currency      translation adjustments decreased shareowner’s equity by $8.7 billion in      2008 and increased equity by $2.6 billion in both 2007 and 2006. Changes      in currency translation adjustments reflect the effects of changes in      currency exchange rates on our net investment in non-U.S. subsidiaries      that have functional currencies other than the U.S. dollar. At the end of      2008, the U.S. dollar was stronger against most major currencies,      including the pound sterling, the Australian dollar and the euro, compared      with a weaker dollar against those currencies at the end of 2007 and 2006.      The dollar was weaker against the Japanese yen in 2008 and      2007. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Net      unrealized losses on investment securities reduced shareowner’s equity by      $3.2 billion in 2008, reflecting adverse market conditions on the fair      value of securities classified as available for sale, primarily corporate      debt and mortgage-backed securities. The change in fair value of      investment securities decreased shareowner’s equity by $1.5 billion and      $0.2 billion in 2007 and 2006, respectively. Further information about      investment securities is provided in note 5 to the consolidated financial      statements in Part II, Item 8. “Financial Statements and Supplementary      Data” of this Form 10-K Report. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Changes      in the fair value of derivatives designated as cash flow hedges decreased      shareowner’s equity by $2.4 billion in 2008, primarily reflecting the      effect of lower interest rates on interest rate and currency swaps. The      change in the fair value of derivatives designated as cash flow hedges      decreased equity by $0.6 billion in 2007 and increased equity by $0.2      billion in 2006. Further information about the fair value of derivatives      is provided in note 20 to the consolidated financial statements in Part      II, Item 8. “Financial Statements and Supplementary Data” of this Form      10-K Report. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                              | Payments      due by period |   |
|---------------------------------------------------|-----------------------------|--------|
| (In      billions)                                | Total                       |   | 2009 |   | 2010-2011 |   | 2012-2013 |   | 2014      andthereafter |   |
|                                              |                        |   |   |   |   |   |   |   |   |
| Borrowings      (note 12)                         | $                           | 514.6  |   | $ | 193.5 |   | $ | 115.7 |   |   | $ | 75.0 |   |   | $ | 130.4 |   |
| Interest      on borrowings                       |                        | 138.0  |   |   | 20.0 |   |   | 28.0 |   |   |   | 17.0 |   |   |   | 73.0 |   |
| Operating      lease obligations (note 4)         |                        | 3.6    |   |   | 0.8 |   |   | 1.1 |   |   |   | 0.7 |   |   |   | 1.0 |   |
| Purchase      obligations(a)(b)                   |                        | 30.0   |   |   | 15.0 |   |   | 11.0 |   |   |   | 4.0 |   |   |   | − |   |
| Insurance      liabilities (note      13)(c) |                        | 22.0   |   |   | 3.0 |   |   | 5.0 |   |   |   | 3.0 |   |   |   | 11.0 |   |
| Other      liabilities(d)                         |                        | 33.0   |   |   | 27.0 |   |   | 3.0 |   |   |   | − |   |   |   | 3.0 |   |
| 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 22 to the consolidated financial statements in Part II, Item 8.      “Financial Statements and Supplementary Data” of this Form 10-K      Report.                                                                                                                                                                                                                  |   |
| (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 14 and 20 to the consolidated financial statements in Part II, Item      8. “Financial Statements and Supplementary Data” of this Form 10-K Report      for further information on certain of these items. |   |
| (e) | Included      payments for other liabilities.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |

----

| ·   | 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, retained cash flow to debt,      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 agreements containing mutual downgrade provisions that provide the      ability of the counterparty to require assignment or termination if the      long-term credit rating of the applicable GE entity were to fall below      A-/A3. In certain of these master netting agreements, the counterparty      also has the ability to require assignment or termination if the      short-term rating of the applicable GE entity were to fall below A-1/P-1.      The fair value of our exposure after consideration of netting arrangements      and collateral under the agreements was estimated to be $3.5 billion at      December 31, 2008. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | If      GE Capital’s ratio of earnings to fixed charges, which was 1.24:1 at the      end of 2008, 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,      2008 and 2007. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | In      connection with certain subordinated debentures for which GECC receives      equity credit by rating agencies, GE has agreed to promptly return to GECC      dividends, distributions or other payments it receives from GECC during      events of default or interest deferral periods under such subordinated      debentures. There were $7.3 billion of such debentures outstanding at      December 31, 2008. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | If      the short-term credit rating of GE Capital or certain consolidated      entities discussed further in note 21 to the consolidated financial      statements in Part II, Item 8. “Financial Statements and Supplementary      Data” of this Form 10-K Report 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 $3.8      billion at December 31, 2008. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | One      group of consolidated entities holds 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 would be required to provide approximately $3.5      billion of capital to such entities as of December 31, 2008, pursuant to      letters of credit issued by GECC. To the extent that the entities’      liabilities exceed the ultimate value of the proceeds from the sale of      their assets and the amount drawn under the letters of credit, GE Capital      could be required to provide such excess amount. As of December 31, 2008,      the value of these entities’ liabilities was $10.7 billion and the fair      value of their assets was $9.2 billion (which included unrealized losses      on investment securities of $2.1 billion). With respect to these      investment securities, we intend to hold them at least until such time as      their individual fair values exceed their amortized cost and we have the      ability to hold all such debt securities until  maturity. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Another      consolidated entity also issues GICs where proceeds are loaned to GE      Capital. 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 approximately $4.7 billion as      of December 31, 2008 to repay holders ofGICs. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Weregularly review investment securities for impairment using both quantitativeand qualitative criteria. Quantitative criteria include the length of time andmagnitude of the amount that each security is in an unrealized loss positionand, for securities with fixed maturities, whether the issuer is in compliancewith terms and covenants of the security. Qualitative criteria include thefinancial health of and specific prospects for the issuer, as well as our intentand ability to hold the security to maturity or until forecasted recovery. Ourother-than-temporary impairment reviews involve our finance, risk and assetmanagement functions as well as the portfolio management and researchcapabilities of our internal and third-party asset managers. See note 19 in PartII, Item 8. “Financial Statements and Supplementary Data” of this Form 10-KReport, which discusses the determination of fair value of investmentsecurities.

----

----

----

| ·   | 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. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | 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. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

----

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

| ·   | Ratio      of debt to equity at GE Capital, net of cash and equivalents and with      classification of hybrid debt asequity |
|--------------------|------------------------------------------------------------------------------------------------------------------------------|

| ·   | Delinquency      rates on managed equipment financing loans and leases and managed consumer      financing receivables for 2008, 2007 and2006 |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------|

| December      31(In      millions)                      | 2008   |    | 2007   |   | 2006    |   | 2005   |    | 2004   |   |
|---------------------------------------------------------|--------|---------|--------|--------|---------|--------|--------|---------|--------|--------|
|                                                    |   |    |   |   |    |   |   |    |   |   |   |   |   |   |   |
| Average      total shareowner’s equity(b)         | $      | 56,897  |   | $      | 55,144  |   | $      | 50,769  |   | $      | 54,229 |   | $ | 48,989 |   |
| Less      the effects of                                |   |    |   |   |    |   |   |    |   |   |   |   |   |   |   |
| Cumulative earnings      from                           |   |    |   |   |    |   |   |    |   |   |   |   |   |   |   |
| discontinued      operations                            |   | − |   |   | – |   |   | – |   |   | 2,094 |   |   | 2,985 |   |
| Average net investment in      discontinued             |   |    |   |   |    |   |   |    |   |   |   |   |   |   |   |
| operations                                              |   | (412    | )      |   | (394    | )      |   | 4,008   |   |   | 5,066 |   |   | – |   |
| Average      total shareowner’s equity, excluding |   |    |   |   |    |   |   |    |   |   |   |   |   |   |   |
| effects of discontinued      operations(a)              | $      | 57,309  |   | $      | 55,538  |   | $      | 46,761  |   | $      | 47,069 |   | $ | 46,004 |   |
|                                                    |   |    |   |   |    |   |   |    |   |   |   |   |   |   |   |

| (a) | Used      for computing return on average shareowner’s equity shown in the Selected      Financial Data section in Part II, Item 6. “Selected Financial      Data.” |   |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | On      an annual basis, calculated using a five-point average.                                                                                                                       |   |

----

| December      31 (Dollars in millions) |   |   |   |   | 2008    |   |
|----------------------------------------|--------|--------|--------|--------|---------|--------|
|                                   |   |   |   |   |    |   |
| GE      Capital debt                   |   |   |   | $      | 510,356 |   |
| Less      cash and equivalents         |   |   |   |   | (36,430 | )      |
| Less      hybrid debt                  |   |   |   |   | (7,725  | )      |
|                                   |   |   |   | $      | 466,201 |   |
|                                   |   |   |   |   |    |   |
| GE      Capital equity                 |   |   |   | $      | 58,229  |   |
| Plus      hybrid debt                  |   |   |   |   | 7,725   |   |
|                                   |   |   |   | $      | 65,954  |   |
|                                   |   |   |   |   |    |   |
| Ratio                                  |   |   |   |   | 7.07:1  |   |

| December      31 | 2008   |   | 2007   |   | 2006   |   |
|------------------|--------|--------|--------|--------|--------|--------|
|             |   |   |   |   |   |   |
| Managed          | 2.17   | %      | 1.21   | %      | 1.22   | %      |
| Off-book         | 1.20   |   | 0.71   |   | 0.52   |   |
| On-book          | 2.34   |   | 1.33   |   | 1.42   |   |

| December      31 | 2008   |   | 2007   |   | 2006   |   |
|------------------|--------|--------|--------|--------|--------|--------|
|             |   |   |   |   |   |   |
| Managed          | 7.47   | %      | 5.38   | %      | 5.22   | %      |
| U.S.             | 7.14   |   | 5.52   |   | 4.93   |   |
| Non-U.S.         | 7.64   |   | 5.32   |   | 5.34   |   |
| Off–book   | 8.24   |   | 6.64   |   | 5.49   |   |
| U.S.             | 8.24   |   | 6.64   |   | 5.49   |   |
| Non-U.S.         | (a     | )      | (a     | )      | (a     | )      |
| On–book    | 7.35   |   | 5.22   |   | 5.20   |   |
| U.S.             | 6.39   |   | 4.78   |   | 4.70   |   |
| Non-U.S.         | 7.64   |   | 5.32   |   | 5.34   |   |

| (a) | Not      applicable. |   |
|-----|----------------------|--------|

----

Item 7A. Quantitative andQualitative Disclosures About Market Risk.

Item 8. Financial Statements andSupplementary Data.

----

----

| For      the years ended December 31 (In millions)                                    | 2008   |    | 2007   |   | 2006   |   |
|---------------------------------------------------------------------------------------|--------|---------|--------|--------|--------|--------|
|                                                                                  |   |    |   |   |   |   |   |   |   |
| Revenues                                                                              |   |    |   |   |   |   |   |   |   |
| Revenues      from services (note 3)                                                  | $      | 69,514  |   | $      | 71,218 |   | $ | 58,967 |   |
| Sales      of goods                                                                   |   | 1,773   |   |   | 718    |   |   | 2,384 |   |
| Total revenues                                                                        |   | 71,287  |   |   | 71,936 |   |   | 61,351 |   |
|                                                                                  |   |    |   |   |   |   |   |   |   |
| Costs      and expenses                                                               |   |    |   |   |   |   |   |   |   |
| Interest                                                                              |   | 25,116  |   |   | 22,706 |   |   | 17,840 |   |
| Operating      and administrative (note 4)                                            |   | 18,755  |   |   | 18,411 |   |   | 16,473 |   |
| Cost      of goods sold                                                               |   | 1,517   |   |   | 628    |   |   | 2,204 |   |
| Investment      contracts, insurance losses and insurance annuity      benefits  |   | 3,421   |   |   | 3,647  |   |   | 3,419 |   |
| Provision      for losses on financing receivables (note 7)                           |   | 7,518   |   |   | 4,431  |   |   | 3,062 |   |
| Depreciation      and amortization (note 8)                                           |   | 9,330   |   |   | 8,126  |   |   | 6,504 |   |
| Minority      interest in net earnings of consolidated affiliates                     |   | 231     |   |   | 209    |   |   | 238 |   |
| Total costs and      expenses                                                         |   | 65,888  |   |   | 58,158 |   |   | 49,740 |   |
|                                                                                  |   |    |   |   |   |   |   |   |   |
| Earnings      from continuing operations before income taxes                          |   | 5,399   |   |   | 13,778 |   |   | 11,611 |   |
| Benefit      (provision) for income taxes (note 14)                                   |   | 2,375   |   |   | (1,361 | )      |   | (1,392 | ) |
|                                                                                  |   |    |   |   |   |   |   |   |   |
| Earnings      from continuing operations                                              |   | 7,774   |   |   | 12,417 |   |   | 10,219 |   |
| Earnings      (loss) from discontinued operations, net of taxes (note 2)              |   | (719    | )      |   | (2,116 | )      |   | 439 |   |
| Net      earnings                                                                     | $      | 7,055   |   | $      | 10,301 |   | $ | 10,658 |   |
|                                                                                  |   |    |   |   |   |   |   |   |   |
| Statement      of Changes in Shareowner’s Equity                                |   |    |   |   |   |   |   |   |   |
|                                                                                  |   |    |   |   |   |   |   |   |   |
| (In      millions)                                                                    | 2008   |    | 2007   |   | 2006   |   |
| Changes in shareowner’s      equity (note 16)                                   |   |    |   |   |   |   |   |   |   |
| Balance      at January 1                                                             | $      | 57,676  |   | $      | 54,097 |   | $ | 50,812 |   |
| Dividends      and other transactions with shareowner                                 |   | 3,154   |   |   | (7,413 | )      |   | (9,836 | ) |
| Other      comprehensive income                                                       |   |    |   |   |   |   |   |   |   |
| Investment securities –      net                                                |   | (3,207  | )      |   | (1,484 | )      |   | (160 | ) |
| Currency translation adjustments      – net                                     |   | (8,730  | )      |   | 2,635  |   |   | 2,550 |   |
| Cash flow hedges –      net                                                     |   | (2,407  | )      |   | (556   | )      |   | 172 |   |
| Benefit plans –    net                                                          |   | (262    | )      |   | 173    |   |   | 20 |   |
| Total other comprehensive      income                                                 |   | (14,606 | )      |   | 768    |   |   | 2,582 |   |
| Increases      attributable to net earnings                                           |   | 7,055   |   |   | 10,301 |   |   | 10,658 |   |
| Comprehensive      income                                                             |   | (7,551  | )      |   | 11,069 |   |   | 13,240 |   |
| Cumulative      effect of changes in accounting principles                            |   | − |   |   | (77    | )      |   | (119 | ) |
| Balance      at December 31                                                           | $      | 53,279  |   | $      | 57,676 |   | $ | 54,097 |   |
|                                                                                  |   |    |   |   |   |   |   |   |   |

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

----

| At      December 31 (In millions, except share amounts)                          | 2008   |    | 2007   |   |
|----------------------------------------------------------------------------------|--------|---------|--------|--------|
|                                                                             |   |    |   |   |   |   |
| Assets                                                                           |   |    |   |   |   |   |
| Cash      and equivalents                                                        | $      | 37,486  |   | $      | 9,439 |   |
| Investment      securities (note 5)                                              |   | 41,236  |   |   | 44,941 |   |
| Inventories                                                                      |   | 77      |   |   | 63 |   |
| Financing      receivables – net (notes 6 and 7)                           |   | 372,456 |   |   | 384,067 |   |
| Other      receivables                                                           |   | 18,636  |   |   | 22,078 |   |
| Property,      plant and equipment – net (note 8)                          |   | 64,097  |   |   | 63,746 |   |
| Goodwill      (note 9)                                                           |   | 25,365  |   |   | 25,427 |   |
| Other      intangible assets – net (note 9)                                |   | 3,613   |   |   | 4,509 |   |
| Other      assets (note 10)                                                      |   | 85,721  |   |   | 83,392 |   |
| Assets      of businesses held for sale (note 11)                                |   | 10,556  |   |   | − |   |
| Assets      of discontinued operations (note 2)                                  |   | 1,659   |   |   | 8,823 |   |
| Total      assets                                                                | $      | 660,902 |   | $      | 646,485 |   |
|                                                                             |   |    |   |   |   |   |
| Liabilities      and equity                                                      |   |    |   |   |   |   |
| Short-term      borrowings (note 12)                                             | $      | 193,533 |   | $      | 192,420 |   |
| Accounts      payable                                                            |   | 13,882  |   |   | 14,714 |   |
| Long-term      borrowings (note 12)                                              |   | 321,068 |   |   | 308,502 |   |
| Investment      contracts, insurance liabilities and insurance                   |   |    |   |   |   |   |
| annuity benefits (note      13)                                                  |   | 34,369  |   |   | 34,359 |   |
| Other      liabilities                                                           |   | 32,090  |   |   | 26,522 |   |
| Deferred      income taxes (note 14)                                             |   | 8,533   |   |   | 9,099 |   |
| Liabilities      of businesses held for sale (note 11)                           |   | 636     |   |   | − |   |
| Liabilities      of discontinued operations (note 2)                             |   | 1,243   |   |   | 1,692 |   |
| Total      liabilities                                                           |   | 605,354 |   |   | 587,308 |   |
|                                                                             |   |    |   |   |   |   |
| Minority      interest in equity of consolidated affiliates (note 15)            |   | 2,269   |   |   | 1,501 |   |
|                                                                             |   |    |   |   |   |   |
| Cumulative      preferred stock, $10,000 par value (80,000 shares    authorized; |   |    |   |   |   |   |
| 51,000 shares issued and held      primarily by consolidated                     |   |    |   |   |   |   |
| affiliates at December 31, 2008      and 2007)                                   |   | 10      |   |   | 10 |   |
| Common      stock, $1,000 par value (1,260 shares authorized at                  |   |    |   |   |   |   |
| December 31, 2008 and 2007, and      1,062 and 1,064 shares issued and           |   |    |   |   |   |   |
| outstanding at December 31, 2008      and 2007, respectively)                    |   | 1       |   |   | 1 |   |
| Accumulated      gains (losses) – net                                      |   |    |   |   |   |   |
| Investment      securities                                                       |   | (3,097  | )      |   | 110 |   |
| Currency translation      adjustments                                            |   | (1,258  | )      |   | 7,472 |   |
| Cash flow hedges                                                                 |   | (3,134  | )      |   | (727 | ) |
| Benefit plans                                                                    |   | (367    | )      |   | (105 | ) |
| Additional      paid-in capital                                                  |   | 18,069  |   |   | 12,564 |   |
| Retained      earnings                                                           |   | 43,055  |   |   | 38,351 |   |
| Total shareowner’s equity (note      16)                                   |   | 53,279  |   |   | 57,676 |   |
| Total      liabilities and equity                                                | $      | 660,902 |   | $      | 646,485 |   |
|                                                                             |   |    |   |   |   |   |

| The      sum of accumulated gains (losses) on investment securities, currency      translation adjustments, cash flow hedges and benefit plans constitutes      “Accumulated other comprehensive income,” as shown in note 16, and was      $(7,856) million and $6,750 million at December 31, 2008 and 2007,      respectively. |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| See      accompanying notes.                                                                                                                                                                                                                                                                                                                  |   |

----

| For      the years ended December 31 (In millions)                                | 2008   |    | 2007   |   | 2006    |   |
|-----------------------------------------------------------------------------------|--------|---------|--------|--------|---------|--------|
|                                                                              |   |    |   |   |    |   |   |   |   |
| Cash      flows – operating activities                                      |   |    |   |   |    |   |   |   |   |
| Net      earnings                                                                 | $      | 7,055   |   | $      | 10,301  |   | $ | 10,658 |   |
| Loss      (earnings) from discontinued operations                                 |   | 719     |   |   | 2,116   |   |   | (439 | ) |
| Adjustments      to reconcile net earnings to cash provided                       |   |    |   |   |    |   |   |   |   |
| from operating      activities                                                    |   |    |   |   |    |   |   |   |   |
| Depreciation and amortization      of property, plant and equipment               |   | 9,330   |   |   | 8,126   |   |   | 6,504 |   |
| Deferred income      taxes                                                        |   | (867    | )      |   | 93      |   |   | 936 |   |
| Decrease (increase) in      inventories                                           |   | (14     | )      |   | 2       |   |   | (23 | ) |
| Increase (decrease) in accounts      payable                                      |   | (1,045  | )      |   | 485     |   |   | (154 | ) |
| Provision for losses on      financing receivables                                |   | 7,518   |   |   | 4,431   |   |   | 3,062 |   |
| All other operating activities      (note 17)                                     |   | 8,508   |   |   | (539    | )      |   | 1,035 |   |
| Cash      from operating activities – continuing operations                 |   | 31,204  |   |   | 25,015  |   |   | 21,579 |   |
| Cash      from (used for) operating activities – discontinued    operations |   | 765     |   |   | 4,039   |   |   | (2,041 | ) |
| Cash      from operating activities                                               |   | 31,969  |   |   | 29,054  |   |   | 19,538 |   |
|                                                                              |   |    |   |   |    |   |   |   |   |
| Cash      flows – investing activities                                      |   |    |   |   |    |   |   |   |   |
| Additions      to property, plant and equipment                                   |   | (13,321 | )      |   | (15,217 | )      |   | (13,168 | ) |
| Dispositions      of property, plant and equipment                                |   | 10,975  |   |   | 8,457   |   |   | 6,795 |   |
| Net      increase in financing receivables (note 17)                              |   | (17,375 | )      |   | (44,164 | )      |   | (40,270 | ) |
| Proceeds      from sales of discontinued operations                               |   | 5,220   |   |   | 117     |   |   | 9,022 |   |
| Proceeds      from principal business dispositions                                |   | 4,928   |   |   | 1,699   |   |   | 386 |   |
| Payments      for principal businesses purchased                                  |   | (24,961 | )      |   | (7,570  | )      |   | (7,299 | ) |
| All      other investing activities (note 17)                                     |   | 5,979   |   |   | (8,730  | )      |   | (5,995 | ) |
| Cash      used for investing activities – continuing operations             |   | (28,555 | )      |   | (65,408 | )      |   | (50,529 | ) |
| Cash      used for investing activities – discontinued operations           |   | (881    | )      |   | (3,921  | )      |   | (731 | ) |
| Cash      used for investing activities                                           |   | (29,436 | )      |   | (69,329 | )      |   | (51,260 | ) |
|                                                                              |   |    |   |   |    |   |   |   |   |
| Cash      flows – financing activities                                      |   |    |   |   |    |   |   |   |   |
| Net      increase (decrease) in borrowings (maturities of 90 days or      less)   |   | (31,282 | )      |   | 3,397   |   |   | 6,470 |   |
| Newly      issued debt (maturities longer than 90 days) (note 17)                 |   | 122,507 |   |   | 92,019  |   |   | 88,280 |   |
| Repayments      and other reductions (maturities longer                           |   |    |   |   |    |   |   |   |   |
| than 90 days) (note      17)                                                      |   | (67,114 | )      |   | (49,528 | )      |   | (49,253 | ) |
| Dividends      paid to shareowner                                                 |   | (2,351  | )      |   | (7,291  | )      |   | (9,847 | ) |
| All      other financing activities (note 17)                                     |   | 3,638   |   |   | (1,204  | )      |   | (1,174 | ) |
| Cash      from financing activities – continuing operations                 |   | 25,398  |   |   | 37,393  |   |   | 34,476 |   |
| Cash      used for financing activities – discontinued operations           |   | (4      | )      |   | (8      | )      |   | (231 | ) |
| Cash      from financing activities                                               |   | 25,394  |   |   | 37,385  |   |   | 34,245 |   |
|                                                                              |   |    |   |   |    |   |   |   |   |
| Increase      (decrease) in cash and equivalents during year                      |   | 27,927  |   |   | (2,890  | )      |   | 2,523 |   |
| Cash      and equivalents at beginning of year                                    |   | 9,739   |   |   | 12,629  |   |   | 10,106 |   |
| Cash      and equivalents at end of year                                          |   | 37,666  |   |   | 9,739   |   |   | 12,629 |   |
| Less      cash and equivalents of discontinued operations at end of    year       |   | 180     |   |   | 300     |   |   | 190 |   |
| Cash      and equivalents of continuing operations at end of year                 | $      | 37,486  |   | $      | 9,439   |   | $ | 12,439 |   |
|                                                                              |   |    |   |   |    |   |   |   |   |
| Supplemental      disclosure of cash flows information                            |   |    |   |   |    |   |   |   |   |
| Cash      paid during the year for interest                                       | $      | (24,663 | )      | $      | (21,874 | )      | $ | (17,095 | ) |
| Cash      recovered (paid) during the year for income taxes                       |   | (610    | )      |   | 1,124   |   |   | (666 | ) |
|                                                                              |   |    |   |   |    |   |   |   |   |

| 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 five businesses, focused on the broad markets they serve:      Commercial Lending and Leasing (CLL), GE Money, Real Estate, Energy      Financial Services and GE Commercial Aviation Services (GECAS). Prior      period information has been reclassified to be consistent with the current      organization. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

----

----

----

| (In      millions)                                                    | 2008   |   | 2007   |   | 2006    |   |
|-----------------------------------------------------------------------|--------|--------|--------|--------|---------|--------|
|                                                                  |   |   |   |   |    |   |   |   |   |
| Operations                                                            |   |   |   |   |    |   |   |   |   |
| Total      revenues                                                   | $      | 692    |   | $      | (117    | )      | $ | 7,167 |   |
|                                                                  |   |   |   |   |    |   |   |   |   |
| Earnings      (loss) from discontinued operations before income taxes | $      | (571   | )      | $      | (2,225  | )      | $ | 641 |   |
| Income      tax benefit (expense)                                     |   | 212    |   |   | 981     |   |   | (21 | ) |
| Earnings      (loss) from discontinued operations                     |   |   |   |   |    |   |   |   |   |
| before disposal, net of      taxes                                    | $      | (359   | )      | $      | (1,244  | )      | $ | 620 |   |
|                                                                  |   |   |   |   |    |   |   |   |   |
| Disposal                                                              |   |   |   |   |    |   |   |   |   |
| Loss      on disposal before income taxes                             | $      | (1,479 | )      | $      | (1,510  | )      | $ | (75 | ) |
| Income      tax benefit (expense)                                     |   | 1,119  |   |   | 638     |   |   | (106 | ) |
| Loss      on disposal, net of taxes                                   | $      | (360   | )      | $      | (872    | )      | $ | (181 | ) |
|                                                                  |   |   |   |   |    |   |   |   |   |
| Earnings      (loss) from discontinued operations, net of taxes       | $      | (719   | )      | $      | (2,116  | )      | $ | 439 |   |
|                                                                  |   |   |   |   |    |   |   |   |   |
| December      31 (In millions)                                        |   |   | 2008   |   | 2007    |   |
|                                                                  |   |   |   |   |    |   |   |   |   |
| Assets                                                                |   |   |   |   |    |   |   |   |   |
| Cash      and equivalents                                             |   |   |   | $      | 180     |   | $ | 300 |   |
| Financing      receivables – net                                |   |   |   |   | − |   |   | 6,675 |   |
| Other      assets                                                     |   |   |   |   | 19      |   |   | 129 |   |
| Other                                                                 |   |   |   |   | 1,460   |   |   | 1,719 |   |
| Assets      of discontinued operations                                |   |   |   | $      | 1,659   |   | $ | 8,823 |   |
|                                                                  |   |   |   |   |    |   |   |   |   |
| Liabilities                                                           |   |   |   |   |    |   |   |   |   |
| Liabilities      of discontinued operations                           |   |   |   | $      | 1,243   |   | $ | 1,692 |   |
|                                                                  |   |   |   |   |    |   |   |   |   |

| (In      millions)                           | 2008   |   | 2007   |   | 2006   |   |
|----------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                         |   |   |   |   |   |   |   |   |   |
| Interest      on loans                       | $      | 27,109 |   | $      | 23,599 |   | $ | 20,358 |   |
| Equipment      leased to others              |   | 15,568 |   |   | 15,260 |   |   | 12,940 |   |
| Fees                                         |   | 6,126  |   |   | 6,533  |   |   | 5,358 |   |
| Financing      leases                        |   | 4,374  |   |   | 4,699  |   |   | 4,298 |   |
| Real      estate investments                 |   | 3,505  |   |   | 4,669  |   |   | 3,138 |   |
| Premiums      earned by insurance activities |   | 2,255  |   |   | 2,232  |   |   | 2,084 |   |
| Associated      companies                    |   | 2,217  |   |   | 2,172  |   |   | 2,079 |   |
| Investment      income(a)                    |   | 2,191  |   |   | 4,724  |   |   | 3,115 |   |
| Net      securitization gains                |   | 1,133  |   |   | 1,804  |   |   | 1,187 |   |
| Other      items                             |   | 5,036  |   |   | 5,526  |   |   | 4,410 |   |
| Total                                        | $      | 69,514 |   | $      | 71,218 |   | $ | 58,967 |   |
|                                         |   |   |   |   |   |   |   |   |   |

| (a) | Included      gain on sale of Swiss Re common stock of $566 million in 2007 and      other-than-temporary impairments on investment securities of $1,420      million, $127 million and $139 million in 2008, 2007 and 2006,      respectively. |   |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|

----

| (In      millions)          | 2008   |   | 2007   |   | 2006   |   |
|-----------------------------|--------|--------|--------|--------|--------|--------|
|                        |   |   |   |   |   |   |
| Equipment      for sublease | $      | 358    |   | $      | 364    |   | $ | 346 |   |
| Other      rental expense   |   | 634    |   |   | 591    |   |   | 517 |   |

| (In      millions) |   |   |   |   |   |   |   |   |   |
|--------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|               |   |   |   |   |   |   |   |   |   |
| 2009               |   | 2010   |   | 2011   |   | 2012   |   | 2013   |   |
| $                  | 774    |   | $      | 621    |   | $      | 508    |   | $      | 435 |   | $ | 303 |   |

----

| December      31 (In millions)          | Amortizedcost |   | Grossunrealizedgains |   | Grossunrealizedlosses |   | Estimatedfair      value |    |
|-----------------------------------------|---------------|--------|----------------------|--------|-----------------------|--------|--------------------------|---------|
|                                    |          |   |                 |   |                  |   |                     |    |   |   |   |   |
| 2008                                    |          |   |                 |   |                  |   |                     |    |   |   |   |   |
| Debt                                    |          |   |                 |   |                  |   |                     |    |   |   |   |   |
| U.S. corporate                          | $             | 22,183 |                 | $      | 512                   |   | $                        | (2,477  | ) | $ | 20,218 |   |
| State and    municipal                  |          | 1,556  |                 |   | 19                    |   |                     | (94     | ) |   | 1,481 |   |
| Residential mortgage-backed(a)          |          | 5,326  |                 |   | 70                    |   |                     | (1,052  | ) |   | 4,344 |   |
| Commercial      mortgage-backed         |          | 2,910  |                 |   | 14                    |   |                     | (788    | ) |   | 2,136 |   |
| Asset-backed                            |          | 2,881  |                 |   | 1                     |   |                     | (691    | ) |   | 2,191 |   |
| Corporate –    non-U.S.           |          | 1,441  |                 |   | 14                    |   |                     | (166    | ) |   | 1,289 |   |
| Government –      non-U.S.        |          | 1,300  |                 |   | 61                    |   |                     | (19     | ) |   | 1,342 |   |
| U.S. government and federal      agency |          | 739    |                 |   | 65                    |   |                     | (100    | ) |   | 704 |   |
| Retained      interests(b)(c)           |          | 6,395  |                 |   | 113                   |   |                     | (152    | ) |   | 6,356 |   |
| Equity                                  |          |   |                 |   |                  |   |                     |    |   |   |   |   |
| Available-for-sale                      |          | 921    |                 |   | 26                    |   |                     | (160    | ) |   | 787 |   |
| Trading                                 |          | 388    |                 |   | −               |   |                     | − |   |   | 388 |   |
| Total                                   | $             | 46,040 |                 | $      | 895                   |   | $                        | (5,699  | ) | $ | 41,236 |   |
|                                    |          |   |                 |   |                  |   |                     |    |   |   |   |   |
| 2007                                    |          |   |                 |   |                  |   |                     |    |   |   |   |   |
| Debt                                    |          |   |                 |   |                  |   |                     |    |   |   |   |   |
| U.S. corporate                          | $             | 21,896 |                 | $      | 725                   |   | $                        | (669    | ) | $ | 21,952 |   |
| 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)                |          | 5,579  |                 |   | 178                   |   |                     | (57     | ) |   | 5,700 |   |
| Equity                                  |          |   |                 |   |                  |   |                     |    |   |   |   |   |
| Available-for-sale                      |          | 1,524  |                 |   | 265                   |   |                     | (120    | ) |   | 1,669 |   |
| Trading                                 |          | 386    |                 |   | −               |   |                     | − |   |   | 386 |   |
| Total                                   | $             | 44,808 |                 | $      | 1,408                 |   | $                        | (1,275  | ) | $ | 44,941 |   |
|                                    |          |   |                 |   |                  |   |                     |    |   |   |   |   |

| (a)    | Substantially      collateralized by U.S. mortgages.                                                                                                                                                                                           |   |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b)    | Included      $1,752 million and $2,227 million of retained interests at December 31,      2008 and 2007, respectively, accounted for in accordance with SFAS 155,      Accounting for Certain      Hybrid Financial Instruments. See note 21. |   |
| (c)    | Amortized      cost and estimated fair value included $20 million and $25 million of      trading securities at December 31, 2008 and 2007,      respectively.                                                                                 |   |
|   |                                                                                                                                                                                                                                           |   |

----

|                                    | In      loss position for |    |
|-----------------------------------------|---------------------------|---------|
|                                    | Less      than 12 months  |    | 12      months or more |   |
| December      31 (In millions)          | Estimatedfair      value  |    | Grossunrealizedlosses |   | Estimatedfair      value |   | Grossunrealizedlosses |   |
|                                    |                      |    |   |   |   |   |   |   |   |   |   |   |
| 2008                                    |                      |    |   |   |   |   |   |   |   |   |   |   |
| Debt                                    |                      |    |   |   |   |   |   |   |   |   |   |   |
| U.S. corporate                          | $                         | 6,602   |   | $ | (1,108 | ) | $ | 5,629 |   | $ | (1,369 | ) |
| State and    municipal                  |                      | 570     |   |   | (44 | ) |   | 278 |   |   | (50 | ) |
| Residential      mortgage-backed        |                      | 1,355   |   |   | (107 | ) |   | 1,614 |   |   | (945 | ) |
| Commercial      mortgage-backed         |                      | 774     |   |   | (184 | ) |   | 1,218 |   |   | (604 | ) |
| Asset-backed                            |                      | 1,064   |   |   | (419 | ) |   | 1,063 |   |   | (272 | ) |
| Corporate –    non-U.S.           |                      | 454     |   |   | (106 | ) |   | 335 |   |   | (60 | ) |
| Government –      non-U.S.        |                      | 88      |   |   | (4 | ) |   | 275 |   |   | (15 | ) |
| U.S. government and federal      agency |                      | − |   |   | − |   |   | 150 |   |   | (100 | ) |
| Retained      interests                 |                      | 1,403   |   |   | (71 | ) |   | 274 |   |   | (81 | ) |
| Equity                                  |                      | 265     |   |   | (156 | ) |   | 9 |   |   | (4 | ) |
| Total                                   | $                         | 12,575  |   | $ | (2,199 | ) | $ | 10,845 |   | $ | (3,500 | ) |
|                                    |                      |    |   |   |   |   |   |   |   |   |   |   |
| 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 | ) |

----

| (In      millions) | Amortizedcost |   | Estimatedfair      value |   |
|--------------------|---------------|--------|--------------------------|--------|
|               |          |   |                     |   |   |   |
| Due      in        |          |   |                     |   |   |   |
| 2009               | $             | 1,820  |                     | $      | 1,777 |   |
| 2010-2013          |          | 4,999  |                     |   | 4,634 |   |
| 2014-2018          |          | 3,841  |                     |   | 3,366 |   |
| 2019 and later     |          | 16,559 |                     |   | 15,257 |   |

| (In      millions)                 | 2008   |   | 2007   |   | 2006   |   |
|------------------------------------|--------|--------|--------|--------|--------|--------|
|                               |   |   |   |   |   |   |   |   |   |
| Gains(a)                           | $      | 212    |   | $      | 1,026  |   | $ | 313 |   |
| Losses,      including impairments |   | (1,472 | )      |   | (141   | )      |   | (181 | ) |
| Net                                | $      | (1,260 | )      | $      | 885    |   | $ | 132 |   |
|                               |   |   |   |   |   |   |   |   |   |

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

| December      31 (In millions)                              | 2008   |    | 2007   |   |
|-------------------------------------------------------------|--------|---------|--------|--------|
|                                                        |   |    |   |   |   |   |
| Loans,      net of deferred income                          | $      | 310,203 |   | $      | 313,290 |   |
| Investment      in financing leases, net of deferred income |   | 67,578  |   |   | 75,015 |   |
|                                                        |   | 377,781 |   |   | 388,305 |   |
| Less      allowance for losses (note 7)                     |   | (5,325  | )      |   | (4,238 | ) |
| Financing      receivables – net                      | $      | 372,456 |   | $      | 384,067 |   |

----

| December      31 (In millions)                 | 2008   |    | 2007   |   |
|------------------------------------------------|--------|---------|--------|--------|
|                                           |   |    |   |   |   |   |
| CLL                                            |   |    |   |   |   |   |
| Equipment      and leasing and other           | $      | 99,769  |   | $      | 96,817 |   |
| Commercial      and industrial                 |   | 64,332  |   |   | 58,863 |   |
|                                           |   | 164,101 |   |   | 155,680 |   |
| GE      Money                                  |   |    |   |   |   |   |
| Non-U.S.      residential mortgages(a)         |   | 59,595  |   |   | 73,042 |   |
| Non-U.S.      installment and revolving credit |   | 24,441  |   |   | 34,669 |   |
| U.S.      installment and revolving credit     |   | 27,645  |   |   | 27,914 |   |
| Non-U.S.      auto                             |   | 18,168  |   |   | 27,368 |   |
| Other                                          |   | 9,244   |   |   | 10,198 |   |
|                                           |   | 139,093 |   |   | 173,191 |   |
|                                           |   |    |   |   |   |   |
| Real      Estate                               |   | 46,735  |   |   | 32,228 |   |
|                                           |   |    |   |   |   |   |
| Energy      Financial Services                 |   | 8,392   |   |   | 7,898 |   |
|                                           |   |    |   |   |   |   |
| GECAS(b)                                       |   | 15,429  |   |   | 14,197 |   |
|                                           |   |    |   |   |   |   |
| Other(c)                                       |   | 4,031   |   |   | 5,111 |   |
|                                           |   | 377,781 |   |   | 388,305 |   |
| Less      allowance for losses                 |   | (5,325  | )      |   | (4,238 | ) |
| Total                                          | $      | 372,456 |   | $      | 384,067 |   |
|                                           |   |    |   |   |   |   |

| (a) | At      December 31, 2008, net of credit insurance, approximately 26% of this      portfolio comprised loans with introductory, below market rates that are      scheduled to adjust at future dates; with high loan-to-value ratios at      inception; whose terms permitted interest-only payments; or whose terms      resulted in negative amortization. At the origination date, loans with an      adjustable rate were underwritten to the reset value. |   |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | Included      loans and financing leases of $13,078 million and $11,685 million at      December 31, 2008 and 2007, respectively, related to commercial aircraft      at Aviation Financial Services.                                                                                                                                                                                                                                                          |   |
| (c) | Included      loans and financing leases of $4,031 million and $5,106 million at      December 31, 2008 and 2007, respectively, related to certain consolidated,      liquidating securitization entities.                                                                                                                                                                                                                                                     |   |

----

|                                    | Total      financing leases |    | Direct financing      leases(a) |   | Leveraged leases(b) |   |
|-----------------------------------------|-----------------------------|---------|---------------------------------|--------|---------------------|--------|
| December      31 (In millions)          | 2008                        |    | 2007                            |   | 2008                |   | 2007 |   | 2008 |   | 2007 |   |
|                                    |                        |    |                            |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      minimum lease payments       |                        |    |                            |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| receivable                              | $                           | 81,115  |                            | $      | 92,137              |   | $ | 63,309 |   | $ | 72,399 |   | $ | 17,806 |   | $ | 19,738 |   |
| Less      principal and interest on     |                        |    |                            |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| third-party nonrecourse      debt       |                        | (12,720 | )                               |   | (14,102             | )      |   | − |   |   | – |   |   | (12,720 | ) |   | (14,102 | ) |
| Net      rentals receivable             |                        | 68,395  |                            |   | 78,035              |   |   | 63,309 |   |   | 72,399 |   |   | 5,086 |   |   | 5,636 |   |
| Estimated      unguaranteed residual    |                        |    |                            |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| value of leased      assets             |                        | 10,255  |                            |   | 10,306              |   |   | 7,425 |   |   | 7,500 |   |   | 2,830 |   |   | 2,806 |   |
| Less      deferred income               |                        | (11,072 | )                               |   | (13,326             | )      |   | (8,733 | ) |   | (10,650 | ) |   | (2,339 | ) |   | (2,676 | ) |
| Investment      in financing leases,    |                        |    |                            |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| net of deferred      income             |                        | 67,578  |                            |   | 75,015              |   |   | 62,001 |   |   | 69,249 |   |   | 5,577 |   |   | 5,766 |   |
| Less      amounts to arrive at net      |                        |    |                            |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| investment                              |                        |    |                            |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Allowance for      losses               |                        | (498    | )                               |   | (571                | )      |   | (440 | ) |   | (559 | ) |   | (58 | ) |   | (12 | ) |
| Deferred taxes                          |                        | (7,317  | )                               |   | (7,089              | )      |   | (3,082 | ) |   | (2,654 | ) |   | (4,235 | ) |   | (4,435 | ) |
| Net      investment in financing leases | $                           | 59,763  |                            | $      | 67,355              |   | $ | 58,479 |   | $ | 66,036 |   | $ | 1,284 |   | $ | 1,319 |   |
|                                    |                        |

| (a)  | Included      $824 million and $802 million of initial direct costs on direct financing      leases at December 31, 2008 and 2007, respectively.                                                                                                                  |   |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b)       | Included      pre-tax income of $268 million and $412 million and income tax of $106      million and $156 million during 2008 and 2007, respectively. Net      investment credits recognized on leveraged leases during 2008 and 2007      were inconsequential. |   |

| (In      millions) | Totalloans |    | Net      rentalsreceivable |   |
|--------------------|------------|---------|----------------------------|--------|
|               |       |    |                       |   |   |   |
| Due      in        |       |    |                       |   |   |   |
| 2009               | $          | 86,957  |                       | $      | 19,819 |   |
| 2010               |       | 36,970  |                       |   | 13,725 |   |
| 2011               |       | 30,902  |                       |   | 10,624 |   |
| 2012               |       | 26,421  |                       |   | 7,150 |   |
| 2013               |       | 21,624  |                       |   | 4,752 |   |
| 2014 and later     |       | 107,329 |                       |   | 12,325 |   |
| Total              | $          | 310,203 |                       | $      | 68,395 |   |

| December      31 (In millions)                | 2008   |   | 2007   |   |
|-----------------------------------------------|--------|--------|--------|--------|
|                                          |   |   |   |   |
| Loans      requiring allowance for losses     | $      | 2,712  |   | $      | 986 |   |
| Loans      expected to be fully recoverable   |   | 871    |   |   | 391 |   |
| Total impaired    loans                       | $      | 3,583  |   | $      | 1,377 |   |
|                                          |   |   |   |   |   |   |
| Allowance      for losses                     | $      | 635    |   | $      | 361 |   |
| Average      investment during year           |   | 2,064  |   |   | 1,576 |   |
| Interest      income earned while impaired(a) |   | 27     |   |   | 19 |   |
|                                          |   |   |   |   |   |   |

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

----

| (In      millions)        | BalanceJanuary      1,2008 |   | Provisioncharged      tooperations |   | Currencyexchange |   | Other(a) |    | Grosswrite-offs |   | Recoveries |   | BalanceDecember      31,2008 |    |
|---------------------------|----------------------------|--------|------------------------------------|--------|------------------|--------|----------|---------|-----------------|--------|------------|--------|------------------------------|---------|
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |    |   |   |   |   |   |   |   |   |
| CLL                       |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |    |   |   |   |   |   |   |   |   |
| Equipment      and        |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |    |   |   |   |   |   |   |   |   |
| leasing      and other    | $                          | 661    |                               | $      | 838              |   | $        | 24      |            | $      | 91         |   | $                            | (815    | ) | $ | 95 |   | $ | 894 |   |   |
| Commercial      and       |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |    |   |   |   |   |   |   |   |   |
| industrial                |                       | 276    |                               |   | 544              |   |     | (12     | )               |   | 4          |   |                         | (416    | ) |   | 19 |   |   | 415 |   |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |    |   |   |   |   |   |   |   |   |
| GE      Money             |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |    |   |   |   |   |   |   |   |   |
| Non-U.S.      residential |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |    |   |   |   |   |   |   |   |   |
| mortgages                 |                       | 246    |                               |   | 323              |   |     | (40     | )               |   | 2          |   |                         | (218    | ) |   | 69 |   |   | 382 |   |   |
| Non-U.S.      installment |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |    |   |   |   |   |   |   |   |   |
| and revolving      credit |                       | 1,371  |                               |   | 1,748            |   |     | (194    | )               |   | (223       | )      |                         | (2,551  | ) |   | 900 |   |   | 1,051 |   |   |
| U.S.      installment and |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |    |   |   |   |   |   |   |   |   |
| revolvingcredit           |                       | 985    |                               |   | 3,217            |   |     | − |            |   | (624       | )      |                         | (2,173  | ) |   | 295 |   |   | 1,700 |   |   |
| Non-U.S.      auto        |                       | 324    |                               |   | 376              |   |     | (48     | )               |   | (76        | )      |                         | (637    | ) |   | 283 |   |   | 222 |   |   |
| Other                     |                       | 162    |                               |   | 220              |   |     | (17     | )               |   | 28         |   |                         | (248    | ) |   | 69 |   |   | 214 |   |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |    |   |   |   |   |   |   |   |   |
| Real      Estate          |                       | 168    |                               |   | 135              |   |     | (7      | )               |   | 16         |   |                         | (12     | ) |   | 1 |   |   | 301 |   |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |    |   |   |   |   |   |   |   |   |
| Energy      Financial     |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |    |   |   |   |   |   |   |   |   |
| Services                  |                       | 19     |                               |   | 36               |   |     | − |            |   | 3          |   |                         | − |   |   | − |   |   | 58 |   |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |    |   |   |   |   |   |   |   |   |
| GECAS                     |                       | 8      |                               |   | 53               |   |     | − |            |   | −    |   |                         | (1      | ) |   | − |   |   | 60 |   |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |    |   |   |   |   |   |   |   |   |
| Other                     |                       | 18     |                               |   | 28               |   |     | − |            |   | −    |   |                         | (18     | ) |   | − |   |   | 28 |   |
| Total                     | $                          | 4,238  |                               | $      | 7,518            |   | $        | (294    | )               | $      | (779       | )      | $                            | (7,089  | ) | $ | 1,731 |   | $ | 5,325 |   |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |    |   |   |   |   |   |   |   |   |

| (a) | Other      primarily included the effects of acquisitions, dispositions,      reclassifications to held for sale and securitization      activity. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (In      millions)        | BalanceJanuary      1,2007 |   | Provisioncharged      tooperations |   | Currencyexchange |   | Other(a) |    | Grosswrite-offs |   | Recoveries |   | BalanceDecember      31,2007 |
|---------------------------|----------------------------|--------|------------------------------------|--------|------------------|--------|----------|---------|-----------------|--------|------------|--------|------------------------------|
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |
| CLL                       |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |
| Equipment      and        |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |
| leasing      and other    | $                          | 427    |                               | $      | 309              |   | $        | 25      |            | $      | 207        |   | $                            | (422 | ) | $ | 115 |   | $ | 661 |   |
| Commercial      and       |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |
| industrial                |                       | 314    |                               |   | 192              |   |     | 10      |            |   | (36        | )      |                         | (230 | ) |   | 26 |   |   | 276 |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |
| GE      Money             |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |
| Non-U.S.      residential |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |
| mortgages                 |                       | 415    |                               |   | (139             | )      |     | 10      |            |   | (3         | )      |                         | (129 | ) |   | 92 |   |   | 246 |   |
| Non-U.S.      installment |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |
| and revolving      credit |                       | 1,253  |                               |   | 1,669            |   |     | 92      |            |   | (115       | )      |                         | (2,324 | ) |   | 796 |   |   | 1,371 |   |
| U.S.      installment and |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |
| revolvingcredit           |                       | 876    |                               |   | 1,960            |   |     | − |            |   | (703       | )      |                         | (1,505 | ) |   | 357 |   |   | 985 |   |
| Non-U.S.      auto        |                       | 279    |                               |   | 279              |   |     | 23      |            |   | 34         |   |                         | (653 | ) |   | 362 |   |   | 324 |   |
| Other                     |                       | 158    |                               |   | 122              |   |     | 4       |            |   | 6          |   |                         | (198 | ) |   | 70 |   |   | 162 |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |
| Real      Estate          |                       | 155    |                               |   | 24               |   |     | 3       |            |   | 3          |   |                         | (25 | ) |   | 8 |   |   | 168 |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |
| Energy      Financial     |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |
| Services                  |                       | 29     |                               |   | (10              | )      |     | − |            |   | −    |   |                         | − |   |   | − |   |   | 19 |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |
| GECAS                     |                       | 15     |                               |   | 16               |   |     | − |            |   | −    |   |                         | (23 | ) |   | − |   |   | 8 |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |
| Other                     |                       | 24     |                               |   | 9                |   |     | − |            |   | −    |   |                         | (17 | ) |   | 2 |   |   | 18 |   |
| Total                     | $                          | 3,945  |                               | $      | 4,431            |   | $        | 167     |            | $      | (607       | )      | $                            | (5,526 | ) | $ | 1,828 |   | $ | 4,238 |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |

| (a) | Other      primarily included the effects of acquisitions and securitization      activity. |
|-----|---------------------------------------------------------------------------------------------|

----

| (In      millions)        | BalanceJanuary      1,2006 |   | Provisioncharged      tooperations |   | Currencyexchange |   | Other(a) |    | Grosswrite-offs |   | Recoveries |   | BalanceDecember      31,2006 |
|---------------------------|----------------------------|--------|------------------------------------|--------|------------------|--------|----------|---------|-----------------|--------|------------|--------|------------------------------|
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |
| CLL                       |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |
| Equipment      and        |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |
| leasing      and other    | $                          | 590    |                               | $      | 67               |   | $        | 9       |            | $      | (8         | )      | $                            | (369 | ) | $ | 138 |   | $ | 427 |   |
| Commercial      and       |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |
| industrial                |                       | 338    |                               |   | 57               |   |     | 10      |            |   | 13         |   |                         | (155 | ) |   | 51 |   |   | 314 |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |
| GE      Money             |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |
| Non-U.S.      residential |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |
| mortgages                 |                       | 397    |                               |   | 69               |   |     | 34      |            |   | (8         | )      |                         | (177 | ) |   | 100 |   |   | 415 |   |
| Non-U.S.      installment |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |
| and revolving      credit |                       | 1,060  |                               |   | 1,382            |   |     | 60      |            |   | 36         |   |                         | (2,010 | ) |   | 725 |   |   | 1,253 |   |
| U.S.      installment and |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |
| revolvingcredit           |                       | 701    |                               |   | 1,175            |   |     | − |            |   | (217       | )      |                         | (1,045 | ) |   | 262 |   |   | 876 |   |
| Non-U.S.      auto        |                       | 238    |                               |   | 284              |   |     | 24      |            |   | 12         |   |                         | (591 | ) |   | 312 |   |   | 279 |   |
| Other                     |                       | 165    |                               |   | 80               |   |     | 18      |            |   | 8          |   |                         | (184 | ) |   | 71 |   |   | 158 |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |
| Real      Estate          |                       | 189    |                               |   | (5               | )      |     | 1       |            |   | 4          |   |                         | (39 | ) |   | 5 |   |   | 155 |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |
| Energy      Financial     |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |
| Services                  |                       | 41     |                               |   | (12              | )      |     | − |            |   | −    |   |                         | − |   |   | − |   |   | 29 |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |
| GECAS                     |                       | 179    |                               |   | (52              | )      |     | − |            |   | −    |   |                         | (112 | ) |   | − |   |   | 15 |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |
| Other                     |                       | 22     |                               |   | 17               |   |     | − |            |   | 12         |   |                         | (29 | ) |   | 2 |   |   | 24 |   |
| Total                     | $                          | 3,920  |                               | $      | 3,062            |   | $        | 156     |            | $      | (148       | )      | $                            | (4,711 | ) | $ | 1,666 |   | $ | 3,945 |   |
|                      |                       |   |                               |   |             |   |     |    |            |   |       |   |                         |   |   |   |   |   |   |   |   |

| (a) | Other      primarily included the effects of acquisitions and securitization      activity. |
|-----|---------------------------------------------------------------------------------------------|

----

| December      31 (Dollars in millions)                | Depreciablelives-new(in      years) |   | 2008   |   | 2007   |   |
|-------------------------------------------------------|-------------------------------------|--------|--------|--------|--------|--------|
|                                                  |                                |   |   |   |   |   |   |   |
| Original cost(a)                                      |                                |   |   |   |   |   |   |   |
| Land      and improvements, buildings, structures and |                                |   |   |   |   |   |   |   |
| related    equipment                                  | 2-40                                | (b)    | $      | 7,076  |   | $      | 6,051 |   |
| Equipment      leased to others                       |                                |   |   |   |   |   |   |   |
| Aircraft                                              | 20                                  |   |   | 40,478 |   |   | 37,271 |   |
| Vehicles                                              | 1−14                          |   |   | 32,098 |   |   | 32,079 |   |
| Railroad rolling      stock                           | 5-36                                |   |   | 4,402  |   |   | 3,866 |   |
| Construction and      manufacturing                   | 2-25                                |   |   | 3,363  |   |   | 3,031 |   |
| Mobile equipment                                      | 12–25                         |   |   | 2,954  |   |   | 2,964 |   |
| All other                                             | 2–40                          |   |   | 2,789  |   |   | 2,961 |   |
| Total                                                 |                                |   | $      | 93,160 |   | $      | 88,223 |   |
|                                                  |                                |   |   |   |   |   |   |   |
| Net carrying value(a)                                 |                                |   |   |   |   |   |   |   |
| Land      and improvements, buildings, structures and |                                |   |   |   |   |   |   |   |
| related    equipment                                  |                                |   | $      | 4,527  |   | $      | 3,703 |   |
| Equipment      leased to others                       |                                |   |   |   |   |   |   |   |
| Aircraft(c)                                           |                                |   |   | 32,288 |   |   | 30,414 |   |
| Vehicles                                              |                                |   |   | 18,149 |   |   | 20,701 |   |
| Railroad rolling      stock                           |                                |   |   | 2,915  |   |   | 2,789 |   |
| Construction and      manufacturing                   |                                |   |   | 2,333  |   |   | 2,055 |   |
| Mobile equipment                                      |                                |   |   | 2,022  |   |   | 1,976 |   |
| All other                                             |                                |   |   | 1,863  |   |   | 2,108 |   |
| Total                                                 |                                |   | $      | 64,097 |   | $      | 63,746 |   |
|                                                  |                                |   |   |   |   |   |   |   |

| (a) | Included      $1,748 million and $1,513 million of original cost of assets leased to GE      with accumulated amortization of $491 million and $315 million at December      31, 2008 and 2007, respectively.                                                                                            |   |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | Depreciable      lives exclude land.                                                                                                                                                                                                                                                                     |   |
| (c) | GECAS      recognized impairment losses of $72 million in 2008 and $110 million in      2007 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        |   |   |   |
| 2009               | $      | 9,103  |   |
| 2010               |   | 7,396  |   |
| 2011               |   | 5,542  |   |
| 2012               |   | 4,157  |   |
| 2013               |   | 3,109  |   |
| 2014 and later     |   | 8,714  |   |
| Total              | $      | 38,021 |   |

| December      31 (In millions)                 | 2008   |   | 2007   |   |
|------------------------------------------------|--------|--------|--------|--------|
|                                           |   |   |   |   |   |   |
| Goodwill                                       | $      | 25,365 |   | $      | 25,427 |   |
| Intangible      assets subject to amortization |   | 3,613  |   |   | 4,509 |   |
| Total                                          | $      | 28,978 |   | $      | 29,936 |   |

----

|                                  | 2008   |   |
|---------------------------------------|--------|--------|
| (In    millions)                      | CLL    |   | GEMoney |   | RealEstate |   | EnergyFinancialServices |   | GECAS |   | Total |   |
|                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance      January 1                | $      | 12,015 |   | $ | 10,273 |   | $ | 1,087 |   | $ | 1,890 |   | $ | 162 |   | $ | 25,427 |   |
| Acquisitions/purchase      accounting |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   adjustments               |   | 1,048  |   |   | 475 |   |   | 170 |   |   | 330 |   |   | 1 |   |   | 2,024 |   |
| Dispositions,      currency exchange  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| and other                             |   | (279   | ) |   | (1,667 | ) |   | (74 | ) |   | (58 | ) |   | (8 | ) |   | (2,086 | ) |
| Balance      December 31              | $      | 12,784 |   | $ | 9,081 |   | $ | 1,183 |   | $ | 2,162 |   | $ | 155 |   | $ | 25,365 |   |

|                                  | 2007   |   |
|---------------------------------------|--------|--------|
| (In      millions)                    | CLL    |   | GEMoney |   | RealEstate |   | EnergyFinancialServices |   | GECAS |   | Total |   |
|                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance      January 1                | $      | 10,190 |   | $ | 9,845 |   | $ | 1,036 |   | $ | 1,540 |   | $ | 143 |   | $ | 22,754 |   |
| Acquisitions/purchase      accounting |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| adjustments                           |   | 1,577  |   |   | 2 |   |   | (9 | ) |   | 350 |   |   | 18 |   |   | 1,938 |   |
| Dispositions,      currency exchange  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| and other                             |   | 248    |   |   | 426 |   |   | 60 |   |   | – |   |   | 1 |   |   | 735 |   |
| Balance      December 31              | $      | 12,015 |   | $ | 10,273 |   | $ | 1,087 |   | $ | 1,890 |   | $ | 162 |   | $ | 25,427 |   |

----

|                           | 2008                |   | 2007                    |   |
|--------------------------------|---------------------|--------|-------------------------|--------|
| December      31 (In millions) | Grosscarryingamount |   | Accumulatedamortization |   | Net |   | Grosscarryingamount |   | Accumulatedamortization |   | Net |   |
|                           |                |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Customer-related               |                | $      | 1,746                   |   |   | $ | (613 | ) | $ | 1,133 |   |   | $ | 2,395 |   | $ | (869 | ) | $ | 1,526 |   |   |
| Patents,      licenses and     |                |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| trademarks                     |                |   | 589                     |   |   |   | (460 | ) |   | 129 |   |   |   | 428 |   |   | (309 | ) |   | 119 |   |   |
| Capitalized      software      |                |   | 2,170                   |   |   |   | (1,476 | ) |   | 694 |   |   |   | 1,832 |   |   | (1,095 | ) |   | 737 |   |   |
| Lease      valuations          |                |   | 1,805                   |   |   |   | (594 | ) |   | 1,211 |   |   |   | 1,841 |   |   | (360 | ) |   | 1,481 |   |   |
| Present      value of future   |                |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Profits                        |                |   | 831                     |   |   |   | (401 | ) |   | 430 |   |   |   | 818 |   |   | (364 | ) |   | 454 |   |   |
| All      other                 |                |   | 181                     |   |   |   | (165 | ) |   | 16 |   |   |   | 347 |   |   | (155 | ) |   | 192 |   |   |
| Total                          |                | $      | 7,322                   |   |   | $ | (3,709 | ) | $ | 3,613 |   |   | $ | 7,661 |   | $ | (3,152 | ) | $ | 4,509 |   |   |

| December      31 (In millions)  | 2008   |   | 2007   |   |
|---------------------------------|--------|--------|--------|--------|
|                            |   |   |   |   |   |   |
| Investments                     |   |   |   |   |   |   |
| Real estate(a)(b)               | $      | 36,679 |   | $      | 40,488 |   |
| Associated    companies         |   | 18,694 |   |   | 17,025 |   |
| Assets held for sale(c)         |   | 5,038  |   |   | 10,690 |   |
| Cost method(b)                  |   | 2,482  |   |   | 2,742 |   |
| Other                           |   | 1,854  |   |   | 1,018 |   |
|                            |   | 64,747 |   |   | 71,963 |   |
|                            |   |   |   |   |   |   |
| Derivative      instruments     |   | 12,115 |   |   | 3,271 |   |
| Advances      to suppliers      |   | 2,187  |   |   | 2,046 |   |
| Deferred      acquisition costs |   | 1,230  |   |   | 1,282 |   |
| Other(d)                        |   | 5,442  |   |   | 4,830 |   |
| Total                           | $      | 85,721 |   | $      | 83,392 |   |
|                            |   |   |   |   |   |   |

| (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, 2008: office buildings (45%), apartment buildings (17%), industrial      properties (11%), retail facilities (9%), franchise properties (7%),      parking facilities (2%) and other (9%). At December 31, 2008, investments      were located in the Americas (47%), Europe (31%) and Asia      (22%).                                                                                                                                                                                                                                                                         |   |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | The      fair value of and unrealized loss on cost method investments in a      continuous loss position for less than 12 months at December 31, 2008,      were $565 million and $98 million, respectively. The fair value of and      unrealized loss on cost method investments in a continuous loss position      for 12 months or more at December 31, 2008, were $64 million and $4      million, respectively. The fair value of and unrealized loss on cost      method investments in a continuous loss position for less than 12 months      at December 31, 2007, were $546 million and $93 million, respectively. The      fair value of and unrealized loss on cost method investments in a      continuous loss position for 12 months or more at December 31, 2007, were      $18 million and $8 million, respectively. |   |
| (c) | 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 credit card receivables, loans and real estate      properties, 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 $112 million and $153 million at December 31, 2008      and 2007, respectively.                                                                                                                                                                                                                                                                                                                                |   |
| (d) | Included      $485 million at December 31, 2008, of unamortized fees related to our      participation in the Temporary Liquidity Guarantee Program and the      Commercial Paper Funding Facility.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |

----

| December      31 (In millions)               | 2008   |   |
|----------------------------------------------|--------|--------|
|                                         |   |   |   |
| Assets                                       |   |   |   |
| Cash      and equivalents                    | $      | 35     |   |
| Financing      receivables −net        |   | 9,915  |   |
| Intangible      assets −      net      |   | 394    |   |
| Other                                        |   | 212    |   |
| Assets      of businesses held for sale      | $      | 10,556 |   |
|                                         |   |   |   |
| Liabilities                                  |   |   |   |
| Liabilities      of businesses held for sale | $      | 636    |   |
|                                         |   |   |   |

----

|                                      | 2008   |    | 2007    |   |
|-------------------------------------------|--------|---------|---------|--------|
|                                      |   |    | Average |   |   |   | Average |   |
| December      31 (Dollars in millions)    | Amount |    | rate    | (a)    | Amount |   | rate | (a) |
|                                      |   |    |    |   |   |   |   |   |
| Commercial      paper                     |   |    |    |   |   |   |   |   |   |   |
| U.S.                                      |   |    |    |   |   |   |   |   |   |   |
| Unsecured(b)                              | $      | 62,768  |    | 2.12   | % | $ | 72,392 |   | 4.69 | % |
| Asset-backed(c)                           |   | 3,652   |    | 2.57   |   |   | 4,775 |   | 4.94 |   |
| Non-U.S.                                  |   | 9,033   |    | 4.12   |   |   | 28,711 |   | 4.99 |   |
| Current      portion of long-term debt(d) |   | 69,682  |    | 3.83   |   |   | 56,301 |   | 5.01 |   |
| Bank      deposits(e)      (f)            |   | 29,634  |    | 3.47   |   |   | 11,486 |   | 3.04 |   |
| Bank      borrowings(g)                   |   | 10,028  |    | 2.75   |   |   | 6,915 |   | 5.31 |   |
| GE      Interest Plus notes(h)            |   | 5,633   |    | 3.58   |   |   | 9,590 |   | 5.23 |   |
| Other                                     |   | 3,103   |    |   |   |   | 2,250 |   |   |   |
| Total                                     | $      | 193,533 |    |   |   | $ | 192,420 |   |   |   |
|                                      |   |    |    |   |   |   |   |   |   |   |

| (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) | At      December 31, 2008, GE Capital had issued and outstanding, $21,823 million      of senior, unsecured debt that was guaranteed by the Federal Deposit      Insurance Corporation (FDIC) under the Temporary Liquidity Guarantee      Program. GE Capital and GE entered into an Eligible Entity Designation      Agreement and GE Capital is subject to the terms of a Master Agreement,      each entered into with the FDIC. The terms of these agreements include,      among other things, a requirement that GE and GE Capital reimburse the      FDIC for any amounts that the FDIC pays to holders of debt that is      guaranteed by the FDIC. |
| (c) | Consists      entirely of obligations of consolidated, liquidating securitization      entities. See note 6.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| (d) | Included      $326 million and $1,106 million related to asset-backed senior notes,      issued by consolidated, liquidating securitization entities at December      31, 2008 and 2007, respectively.                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| (e) | Included      $11,793 million and $10,789 million of deposits in non-U.S. banks at      December 31, 2008 and 2007, respectively.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| (f) | Included      certificates of deposits distributed by brokers of $17,841 million and      $697 million at December 31, 2008 and 2007,  respectively.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| (g) | Term      borrowings from banks with a remaining term to maturity of less than 12      months.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| (h) | Entirely      variable denomination floating rate demand  notes.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |

----

|                                   | 2008    |   |       |   |
|----------------------------------------|---------|--------|------------|--------|
|                                   | Average |   |       |   |   |   |   |   |
| December      31 (Dollars in millions) | rate    | (a)    | Maturities |   | 2008 |   | 2007 |   |
|                                   |    |   |       |   |   |   |   |   |
| Senior      notes                      |    |   |       |   |   |   |   |   |   |   |
| Unsecured(b)                           | 4.80    | %      | 2010-2055  |   | $ | 299,186 |   | $ | 283,097 |   |
| Asset-backed(c)                        | 5.12    |   | 2010-2035  |   |   | 5,002 |   |   | 5,528 |   |
| Extendible      notes                  | − |   | −    |   |   | − |   |   | 8,500 |   |
| Subordinated      notes(d)             | 5.70    |   | 2012-2037  |   |   | 2,866 |   |   | 3,313 |   |
| Subordinated      debentures(e)        | 6.00    |   | 2066-2067  |   |   | 7,315 |   |   | 8,064 |   |
| Bank      deposits(f)                  | 4.49    |   | 2010-2018  |   |   | 6,699 |   |   | − |   |
| Total                                  |    |   |       |   | $ | 321,068 |   | $ | 308,502 |   |
|                                   |    |   |       |   |   |   |   |   |   |   |
|                                   |    |   |       |   |   |   |   |   |   |   |

| (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) | At      December 31, 2008, GE Capital had issued and outstanding, $21,823 million      of senior, unsecured debt that was guaranteed by the FDIC under the      Temporary Liquidity Guarantee Program. GE Capital and GE entered into an      Eligible Entity Designation Agreement and GE Capital is subject to the      terms of a Master Agreement, each entered into with the FDIC. The terms of      these agreements include, among other things, a requirement that GE and GE      Capital reimburse the FDIC for any amounts that the FDIC pays to holders      of debt that is guaranteed by the FDIC. |
| (c) | Included      $2,104 million and $3,410 million of asset-backed senior notes, issued by      consolidated, liquidating securitization entities at December 31, 2008 and      2007, respectively. See note 6.                                                                                                                                                                                                                                                                                                                                                                                                    |
| (d) | Included      $750 million of subordinated notes guaranteed by GE at December 31, 2008      and 2007.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| (e) | Subordinated      debentures receive rating agency equity credit and were hedged at issuance      to the U.S. dollar equivalent of $7,725 million.                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| (f) | Entirely      certificates of deposits with maturities greater than one      year.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |

| (In      millions) |   |   |   |   |   |   |   |   |   |
|--------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|               |   |   |   |   |   |   |   |   |   |
| 2009               |   | 2010   |   | 2011   |   | 2012   |   | 2013   |   |
|               |   |   |   |   |   |   |   |   |   |
| $                  | 69,682 | (a)    | $      | 62,894 |   | $      | 52,835 |   | $      | 47,573 |   | $ | 27,426 |   |
|               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a) | Fixed      and floating rate notes of $734 million contain put options with exercise      dates in 2009, and which have final maturity beyond 2013. |   |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------|--------|

----

| December      31 (In millions) | 2008   |   | 2007   |   |
|--------------------------------|--------|--------|--------|--------|
|                           |   |   |   |   |   |   |
| Cash      flow hedges          | $      | (4,529 | )      | $      | 497 |   |
| Fair      value hedges         |   | 8,304  |   |   | (75 | ) |
| Total                          | $      | 3,775  |   | $      | 422 |   |
| Interest      rate swaps       | $      | 3,425  |   | $      | (1,559 | ) |
| Currency      swaps            |   | 350    |   |   | 1,981 |   |
| Total                          | $      | 3,775  |   | $      | 422 |   |

| December      31 (In millions)                    | 2008   |   | 2007   |   |
|---------------------------------------------------|--------|--------|--------|--------|
|                                              |   |   |   |   |
| Investment      contracts                         | $      | 4,212  |   | $      | 4,536 |   |
| Guaranteed      investment contracts              |   | 10,828 |   |   | 11,705 |   |
| Total investment      contracts                   |   | 15,040 |   |   | 16,241 |   |
| Life      insurance benefits(a)                   |   | 16,259 |   |   | 15,416 |   |
| Unpaid      claims and claims adjustment expenses |   | 2,145  |   |   | 1,726 |   |
| Unearned      premiums                            |   | 623    |   |   | 656 |   |
| Universal      life benefits                      |   | 302    |   |   | 320 |   |
| Total                                             | $      | 34,369 |   | $      | 34,359 |   |
|                                              |   |   |   |   |   |   |

| (a) | Life      insurance benefits are accounted for mainly by a net-level-premium method      using estimated yields generally ranging from 3.0% to 8.50% in both 2008      and 2007. |   |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|

| (In      millions)                                             | 2008   |   | 2007   |   | 2006   |   |
|----------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                           |   |   |   |   |   |   |
| Current      tax expense (benefit)                             | $      | (1,508 | )      | $      | 1,268  |   | $ | 456 |   |
| Deferred      tax expense (benefit) from temporary differences |   | (867   | )      |   | 93     |   |   | 936 |   |
| Total                                                          | $      | (2,375 | )      | $      | 1,361  |   | $ | 1,392 |   |

----

----

| December      31 (In millions)                                                         | 2008   |          | 2007   |   |
|----------------------------------------------------------------------------------------|--------|---------------|--------|--------|
|                                                                                   |   |          |   |   |   |   |
| Unrecognized      tax benefits                                                         | $      | 4,397         |   | $      | 3,906 |   |
| Portion that, if recognized,      would reduce tax expense and effective tax rate(a)   |   | 2,669         |   |   | 2,475 |   |
| Accrued      interest on unrecognized tax benefits                                     |   | 864           |   |   | 670 |   |
| Accrued      penalties on unrecognized tax benefits                                    |   | 65            |   |   | 55 |   |
| Reasonably      possible reduction to the balance of unrecognized tax benefits      in |   |          |   |   |   |   |
| succeeding 12    months                                                                |   | 0–1,000 |   |   | 0–1,000 |   |
| Portion that, if recognized,      would reduce tax expense and effective tax rate(a)   |   | 0–650   |   |   | 0–750 |   |
|                                                                                   |   |          |   |   |   |   |

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

| (In      millions)                                   |   | 2008   |   |   | 2007   |   |
|------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                 |   |   |   |   |   |   |
| Balance      at January 1                            | $      | 3,906  |   | $      | 3,507  |   |
| Additions      for tax positions of the current year |   | 420    |   |   | 71     |   |
| Additions      for tax positions of prior years      |   | 330    |   |   | 1,051  |   |
| Reductions      for tax positions of prior years     |   | (169   | )      |   | (401   | )      |
| Settlements      with tax authorities                |   | (74    | )      |   | (291   | )      |
| Expiration      of the statute of limitations        |   | (16    | )      |   | (31    | )      |
| Balance      at December 31                          | $      | 4,397  |   | $      | 3,906  |   |
|                                                 |   |   |   |   |   |   |

|                                               | 2008    |   | 2007   |   | 2006    |   |
|----------------------------------------------------|---------|--------|--------|--------|---------|--------|
|                                               |    |   |   |   |    |   |
| 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(a) | (74.4   | )      | (21.0  | )      | (21.1   | )      |
| U.S. business      credits                         | (3.8    | )      | (1.5   | )      | (2.2    | )      |
| SES transaction                                    | − |   | (4.0   | )      | – |   |
| All other – net                              | (0.8    | )      | 1.4    |   | 0.3     |   |
|                                               | (79.0   | )      | (25.1  | )      | (23.0   | )      |
| Actual      income tax rate                        | (44.0   | )%     | 9.9    | %      | 12.0    | %      |
|                                               |    |   |   |   |    |   |

| (a) | 2008      included (6.5)% from indefinite reinvestment of prior-year      earnings. |   |
|-----|-------------------------------------------------------------------------------------|--------|

----

| December      31 (In millions)             | 2008   |   | 2007   |   |
|--------------------------------------------|--------|--------|--------|--------|
|                                       |   |   |   |   |   |   |
| Assets                                     |   |   |   |   |   |   |
| Allowance      for losses                  | $      | 2,459  |   | $      | 1,478 |   |
| Cash      flow hedges                      |   | 2,260  |   |   | 496 |   |
| Net      unrealized losses on securities   |   | 1,634  |   |   | 14 |   |
| Non-U.S.      loss carryforwards(a)        |   | 979    |   |   | 805 |   |
| Other      – net                     |   | 3,848  |   |   | 3,500 |   |
| Total      deferred income tax assets      |   | 11,180 |   |   | 6,293 |   |
|                                       |   |   |   |   |   |   |
| Liabilities                                |   |   |   |   |   |   |
| Financing      leases                      |   | 7,317  |   |   | 7,089 |   |
| Operating      leases                      |   | 4,882  |   |   | 4,478 |   |
| Investment      in global subsidiaries     |   | 2,127  |   |   | (1,203 | ) |
| Intangible      assets                     |   | 1,360  |   |   | 1,427 |   |
| Other      – net                     |   | 4,027  |   |   | 3,601 |   |
| Total      deferred income tax liabilities |   | 19,713 |   |   | 15,392 |   |
|                                       |   |   |   |   |   |   |
| Net      deferred income tax liability     | $      | 8,533  |   | $      | 9,099 |   |
|                                       |   |   |   |   |   |   |

| (a) | Net      of valuation allowances of $260 million and $196 million for 2008 and      2007, respectively. Of the net deferred tax asset as of December 31, 2008,      of $979 million, $24 million relates to net operating loss carryforwards      that expire in various years ending from December 31, 2009, through      December 31, 2011; $73 million relates to net operating losses that expire      in various years ending from December 31, 2012, through December 31, 2023;      and $882 million relates to net operating loss carryforwards that may be      carried forward indefinitely. |   |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|

| December      31 (In millions)                       | 2008   |   | 2007   |   |
|------------------------------------------------------|--------|--------|--------|--------|
|                                                 |   |   |   |   |   |   |
| Minority      interest in consolidated affiliates(a) | $      | 1,992  |   | $      | 1,220 |   |
| Minority      interest in preferred stock(b)         |   | 277    |   |   | 281 |   |
|                                                 | $      | 2,269  |   | $      | 1,501 |   |
|                                                 |   |   |   |   |   |   |

| (a) | Included      minority interest in partnerships and common shares of consolidated      affiliates. |   |
|-----|----------------------------------------------------------------------------------------------------|--------|
| (b) | The      preferred stock pays cumulative dividends at an average rate of      6.81%.               |   |

----

| (In      millions)                                                  | 2008   |    | 2007   |   | 2006    |   |
|---------------------------------------------------------------------|--------|---------|--------|--------|---------|--------|
|                                                                |   |    |   |   |    |   |   |   |   |
| Cumulative      preferred stock issued                              | $      | 10      |   | $      | 10      |   | $ | 10 |   |
|                                                                |   |    |   |   |    |   |   |   |   |
| Common      stock issued                                            | $      | 1       |   | $      | 1       |   | $ | 1 |   |
|                                                                |   |    |   |   |    |   |   |   |   |
| Accumulated      other comprehensive income                         |   |    |   |   |    |   |   |   |   |
| Balance      at January 1                                           | $      | 6,750   |   | $      | 5,982   |   | $ | 3,519 |   |
| Investment      securities – net of deferred taxes            |   |    |   |   |    |   |   |   |   |
| of $(2,494), $(510) and      $101                                   |   | (3,759  | )      |   | (974    | )      |   | 273 |   |
| Currency      translation adjustments – net of deferred taxes |   |    |   |   |    |   |   |   |   |
| of $4,138, $(1,364) and      $(1,476)                               |   | (8,611  | )      |   | 2,648   |   |   | 2,682 |   |
| Cash      flow hedges – net of deferred taxes                 |   |    |   |   |    |   |   |   |   |
| of $(1,910), $(263) and      $75                                    |   | (2,621  | )      |   | (28     | )      |   | 585 |   |
| Benefit      plans – net of deferred taxes                    |   |    |   |   |    |   |   |   |   |
| of $(116), $68 and $(16)(a)                                         |   | (262    | )      |   | 173     |   |   | 20 |   |
| Reclassification      adjustments                                   |   |    |   |   |    |   |   |   |   |
| Investment securities – net of      deferred taxes            |   |    |   |   |    |   |   |   |   |
| of $708, $(375) and      $(233)                                     |   | 552     |   |   | (510    | )      |   | (433 | ) |
| Currency translation      adjustments                               |   | (119    | )      |   | (13     | )      |   | (132 | ) |
| Cash flow hedges – net of      deferred taxes                 |   |    |   |   |    |   |   |   |   |
| of $316, $(97) and      $(65)                                       |   | 214     |   |   | (528    | )      |   | (413 | ) |
| Cumulative effect of change in      accounting principle -          |   |    |   |   |    |   |   |   |   |
| net of deferred taxes of      $(58)                                 |   | − |   |   | – |   |   | (119 | ) |
| Balance      at December 31(b)                                      | $      | (7,856  | )      | $      | 6,750   |   | $ | 5,982 |   |
|                                                                |   |    |   |   |    |   |   |   |   |
| Additional      paid-in capital                                     |   |    |   |   |    |   |   |   |   |
| Balance      at January 1                                           | $      | 12,564  |   | $      | 12,527  |   | $ | 12,376 |   |
| Contributions(c)                                                    |   | 5,505   |   |   | 37      |   |   | 151 |   |
| Balance      at December 31                                         | $      | 18,069  |   | $      | 12,564  |   | $ | 12,527 |   |
|                                                                |   |    |   |   |    |   |   |   |   |
| Retained      earnings                                              |   |    |   |   |    |   |   |   |   |
| Balance      at January 1(d)                                        | $      | 38,351  |   | $      | 35,500  |   | $ | 34,906 |   |
| Net      earnings                                                   |   | 7,055   |   |   | 10,301  |   |   | 10,658 |   |
| Dividends(c)                                                        |   | (2,351  | )      |   | (7,450  | )      |   | (9,987 | ) |
| Balance      at December 31                                         | $      | 43,055  |   | $      | 38,351  |   | $ | 35,577 |   |
|                                                                |   |    |   |   |    |   |   |   |   |
| Total      equity                                                   |   |    |   |   |    |   |   |   |   |
| Balance      at December 31                                         | $      | 53,279  |   | $      | 57,676  |   | $ | 54,097 |   |
|                                                                |   |    |   |   |    |   |   |   |   |

| (a) | For      2008, included $(270) million of gains (losses) arising during the year      and $8 million of amortization of gains (losses) – net of deferred taxes      of $(120) million and $4 million, respectively.                                                                                                                                                                                                                                                                  |   |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | At      December 31, 2008, included additions to equity of $2,865 million related      to hedges of our investments in financial services subsidiaries that have      functional currencies other than the U.S. dollar and reductions of $3,134      million related to cash flow hedges of forecasted transactions, of which      we expect to transfer $1,798 million to earnings as an expense in 2009      along with the earnings effects of the related forecasted      transaction. |   |
| (c) | Total      dividends and other transactions with the shareowner increased equity by      $3,154 million in 2008, and reduced equity by $7,413 million in 2007 and      $9,836 million in 2006.                                                                                                                                                                                                                                                                                             |   |
| (d) | 2007      opening balance change reflects cumulative effect of change in accounting      principle of $(77) million related to adoption of FSP FAS 13-2. The      cumulative effect of adopting SFAS 159 at January 1, 2008, was      insignificant. See note 1.                                                                                                                                                                                                                           |   |

----

----

| December      31 (In millions)                                         | 2008   |     | 2007   |   | 2006     |   |
|------------------------------------------------------------------------|--------|----------|--------|--------|----------|--------|
|                                                                   |   |     |   |   |     |   |   |   |   |
| All      other operating activities                                    |   |     |   |   |     |   |   |   |   |
| Net      change in other assets                                        | $      | (1,461   | )      | $      | (1,507   | )      | $ | (1,709 | ) |
| Amortization      of intangible assets                                 |   | 994      |   |   | 879      |   |   | 599 |   |
| Realized      losses (gains) on investment securities                  |   | 1,260    |   |   | (885     | )      |   | (132 | ) |
| Change      in other liabilities                                       |   | 4,514    |   |   | 3,378    |   |   | 3,345 |   |
| Other                                                                  |   | 3,201    |   |   | (2,404   | )      |   | (1,068 | ) |
|                                                                   | $      | 8,508    |   | $      | (539     | )      | $ | 1,035 |   |
|                                                                   |   |     |   |   |     |   |   |   |   |
| Net      increase in financing receivables                             |   |     |   |   |     |   |   |   |   |
| Increase      in loans to customers                                    | $      | (411,913 | )      | $      | (408,611 | )      | $ | (371,835 | ) |
| Principal      collections from customers – loans                |   | 363,455  |   |   | 322,074  |   |   | 296,708 |   |
| Investment      in equipment for financing leases                      |   | (21,671  | )      |   | (26,489  | )      |   | (25,618 | ) |
| Principal      collections from customers – financing leases     |   | 20,159   |   |   | 20,868   |   |   | 18,791 |   |
| Net      change in credit card receivables                             |   | (34,498  | )      |   | (38,405  | )      |   | (25,787 | ) |
| Sales      of financing receivables                                    |   | 67,093   |   |   | 86,399   |   |   | 67,471 |   |
|                                                                   | $      | (17,375  | )      | $      | (44,164  | )      | $ | (40,270 | ) |
|                                                                   |   |     |   |   |     |   |   |   |   |
| All      other investing activities                                    |   |     |   |   |     |   |   |   |   |
| Purchases      of securities by insurance activities                   | $      | (4,190   | )      | $      | (13,279  | )      | $ | (11,891 | ) |
| Dispositions      and maturities of securities by insurance activities |   | 4,690    |   |   | 15,602   |   |   | 11,635 |   |
| Other      assets – investments                                  |   | (205     | )      |   | (10,218  | )      |   | (6,242 | ) |
| Change      in other receivables                                       |   | 3,331    |   |   | (2,456   | )      |   | (55 | ) |
| Other                                                                  |   | 2,353    |   |   | 1,621    |   |   | 558 |   |
|                                                                   | $      | 5,979    |   | $      | (8,730   | )      | $ | (5,995 | ) |
|                                                                   |   |     |   |   |     |   |   |   |   |
| Newly      issued debt having maturities longer than 90 days           |   |     |   |   |     |   |   |   |   |
| Short-term      (91 to 365 days)                                       | $      | 34,445   |   | $      | 1,226    |   | $ | 1,237 |   |
| Long-term      (longer than one year)                                  |   | 87,949   |   |   | 90,769   |   |   | 86,028 |   |
| Proceeds      – nonrecourse, leveraged lease                     |   | 113      |   |   | 24       |   |   | 1,015 |   |
|                                                                   | $      | 122,507  |   | $      | 92,019   |   | $ | 88,280 |   |
|                                                                   |   |     |   |   |     |   |   |   |   |
| Repayments      and other reductions of debt having maturities         |   |     |   |   |     |   |   |   |   |
| longer than 90    days                                                 |   |     |   |   |     |   |   |   |   |
| Short-term      (91 to 365 days)                                       | $      | (66,015  | )      | $      | (43,937  | )      | $ | (42,273 | ) |
| Long-term      (longer than one year)                                  |   | (462     | )      |   | (4,482   | )      |   | (5,576 | ) |
| Principal      payments – nonrecourse, leveraged lease           |   | (637     | )      |   | (1,109   | )      |   | (1,404 | ) |
|                                                                   | $      | (67,114  | )      | $      | (49,528  | )      | $ | (49,253 | ) |
|                                                                   |   |     |   |   |     |   |   |   |   |
| All      other financing activities                                    |   |     |   |   |     |   |   |   |   |
| Proceeds      from sales of investment contracts                       | $      | 11,433   |   | $      | 12,641   |   | $ | 16,418 |   |
| Redemption      of investment contracts                                |   | (13,304  | )      |   | (13,862  | )      |   | (17,603 | ) |
| Capital      contribution                                              |   | 5,500    |   |   | −  |   |   | − |   |
| Other                                                                  |   | 9        |   |   | 17       |   |   | 11 |   |
|                                                                   | $      | 3,638    |   | $      | (1,204   | )      | $ | (1,174 | ) |
|                                                                   |   |     |   |   |     |   |   |   |   |

----

|                      | Total      revenues |   | Intersegment      revenues(a) |   | External      revenues |   |
|---------------------------|---------------------|--------|-------------------------------|--------|------------------------|--------|
| (In      millions)        | 2008                |   | 2007                          |   | 2006                   |   | 2008 |   | 2007 |   | 2006 |   | 2008 |   | 2007 |   | 2006 |   |
|                      |                |   |                          |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CLL                       | $                   | 26,742 |                          | $      | 27,267                 |   | $ | 25,833 |   | $ | 66 |   | $ | 94 |   | $ | 147 |   | $ | 26,676 |   | $ | 27,173 |   | $ | 25,686 |   |
| GE      Money             |                | 25,012 |                          |   | 24,769                 |   |   | 19,508 |   |   | 39 |   |   | 9 |   |   | 37 |   |   | 24,973 |   |   | 24,760 |   |   | 19,471 |   |
| Real      Estate          |                | 6,646  |                          |   | 7,021                  |   |   | 5,020 |   |   | 12 |   |   | 19 |   |   | 33 |   |   | 6,634 |   |   | 7,002 |   |   | 4,987 |   |
| Energy      Financial     |                |   |                          |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Services                  |                | 3,707  |                          |   | 2,405                  |   |   | 1,664 |   |   | − |   |   | – |   |   | – |   |   | 3,707 |   |   | 2,405 |   |   | 1,664 |   |
| GECAS                     |                | 4,901  |                          |   | 4,839                  |   |   | 4,353 |   |   | − |   |   | – |   |   | 6 |   |   | 4,901 |   |   | 4,839 |   |   | 4,347 |   |
| GECS      corporate items |                |   |                          |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| and eliminations          |                | 4,279  |                          |   | 5,635                  |   |   | 4,973 |   |   | (117 | ) |   | (122 | ) |   | (223 | ) |   | 4,396 |   |   | 5,757 |   |   | 5,196 |   |
| Total                     | $                   | 71,287 |                          | $      | 71,936                 |   | $ | 61,351 |   | $ | − |   | $ | – |   | $ | – |   | $ | 71,287 |   | $ | 71,936 |   | $ | 61,351 |   |
|                      |                |   |                          |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a) | Sales      from one component to another generally are priced at equivalent      commercial selling prices. |
|-----|-------------------------------------------------------------------------------------------------------------|

----

|                           | Depreciation      and amortizationFor      the years ended December 31 |   | Provision      (benefit) forincome      taxes |   |
|--------------------------------|------------------------------------------------------------------------|--------|-----------------------------------------------|--------|
| (In      millions)             | 2008                                                                   |   | 2007                                          |   | 2006 |   | 2008 |   | 2007 |   | 2006 |   |
|                           |                                                                   |   |                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CLL                            | $                                                                      | 7,088  |                                          | $      | 6,111 |   | $ | 4,773 |   | $ | (285 | ) | $ | 175 |   | $ | 674 |   |
| GE      Money                  |                                                                   | 542    |                                          |   | 477 |   |   | 380 |   |   | (1,444 | ) |   | 530 |   |   | 407 |   |
| Real      Estate               |                                                                   | 930    |                                          |   | 709 |   |   | 397 |   |   | (394 | ) |   | 270 |   |   | 311 |   |
| Energy      Financial Services |                                                                   | 156    |                                          |   | 78 |   |   | 38 |   |   | 107 |   |   | 187 |   |   | 224 |   |
| GECAS                          |                                                                   | 1,522  |                                          |   | 1,489 |   |   | 1,383 |   |   | 102 |   |   | 63 |   |   | (56 | ) |
| GECS      corporate items      |                                                                   |   |                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| and eliminations               |                                                                   | 84     |                                          |   | 128 |   |   | 114 |   |   | (461 | ) |   | 136 |   |   | (168 | ) |
| Total                          | $                                                                      | 10,322 |                                          | $      | 8,992 |   | $ | 7,085 |   | $ | (2,375 | ) | $ | 1,361 |   | $ | 1,392 |   |
|                           |                                                                   |   |                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                           | Interest on loans(a) |   | Interest expense(b) |   |
|--------------------------------|----------------------|--------|---------------------|--------|
| (In      millions)             | 2008                 |   | 2007                |   | 2006 |   | 2008 |   | 2007 |   | 2006 |   |
|                           |                 |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CLL                            | $                    | 7,596  |                | $      | 6,658 |   | $ | 6,080 |   | $ | 9,205 |   | $ | 8,665 |   | $ | 6,766 |   |
| GE      Money                  |                 | 15,849 |                |   | 14,075 |   |   | 11,902 |   |   | 9,965 |   |   | 8,863 |   |   | 6,525 |   |
| Real      Estate               |                 | 2,598  |                |   | 1,802 |   |   | 1,296 |   |   | 3,568 |   |   | 2,685 |   |   | 1,644 |   |
| Energy      Financial Services |                 | 351    |                |   | 252 |   |   | 179 |   |   | 765 |   |   | 695 |   |   | 598 |   |
| GECAS                          |                 | 486    |                |   | 502 |   |   | 507 |   |   | 1,591 |   |   | 1,703 |   |   | 1,546 |   |
| GECS      corporate items      |                 |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| and eliminations               |                 | 229    |                |   | 310 |   |   | 394 |   |   | 22 |   |   | 95 |   |   | 761 |   |
| Total                          | $                    | 27,109 |                | $      | 23,599 |   | $ | 20,358 |   | $ | 25,116 |   | $ | 22,706 |   | $ | 17,840 |   |
|                           |                 |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a) | Represents      one component of Revenues from services, see note 3. |
|-----|----------------------------------------------------------------------|
| (b) | Represents      total interest expense, see Statement of  Earnings.  |

|                           | Assets(a)(b)At      December 31 |    | Property,      plant and equipmentadditions(c)For      the years ended December 31 |   |
|--------------------------------|---------------------------------|---------|------------------------------------------------------------------------------------|--------|
| (In      millions)             | 2008                            |    | 2007                                                                               |   | 2006 |   | 2008 |   | 2007 |   | 2006 |   |
|                           |                            |    |                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CLL                            | $                               | 232,486 |                                                                               | $      | 229,608 |   | $ | 197,596 |   | $ | 10,956 |   | $ | 13,024 |   | $ | 10,873 |   |
| GE      Money                  |                            | 183,617 |                                                                               |   | 209,178 |   |   | 177,441 |   |   | 250 |   |   | 182 |   |   | 222 |   |
| Real      Estate               |                            | 85,266  |                                                                               |   | 79,285 |   |   | 53,786 |   |   | 6 |   |   | 26 |   |   | 19 |   |
| Energy      Financial Services |                            | 22,079  |                                                                               |   | 18,705 |   |   | 15,252 |   |   | 944 |   |   | 1,273 |   |   | (7 | ) |
| GECAS                          |                            | 49,455  |                                                                               |   | 47,189 |   |   | 46,925 |   |   | 3,157 |   |   | 3,327 |   |   | 3,382 |   |
| GECS      corporate items      |                            |    |                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| and eliminations               |                            | 87,999  |                                                                               |   | 62,520 |   |   | 74,258 |   |   | 13 |   |   | 8 |   |   | 54 |   |
| Total                          | $                               | 660,902 |                                                                               | $      | 646,485 |   | $ | 565,258 |   | $ | 15,326 |   | $ | 17,840 |   | $ | 14,543 |   |
|                           |                            |    |                                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a) | Assets      of discontinued operations are included in GECS corporate items and      eliminations for all periods presented.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Total      assets of the CLL, GE Money, Energy Financial Services and GECAS operating      segments at December 31, 2008, include investment in and advances to      associated companies of $1,847 million, $10,739 million, $5,518 million      and $590 million, respectively, which contributed approximately $101      million, $1,128 million, $931 million and $57 million, respectively, to      segment pre-tax income for the year ended December 31, 2008. Aggregate      summarized financial information for significant associated companies      assuming a 100% ownership interest included: total assets of $143,436      million, primarily financing receivables of $85,498 million; total      liabilities of $121,815 million, primarily bank deposits of $65,514      million; revenues totaling $13,745 million; and net earnings totaling      $2,774 million. |
| (c) | Additions      to property, plant and equipment include amounts relating to principal      businesses purchased.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |

----

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

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

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

----

----

| December      31, 2008(In      millions) |   | Level      1 |   |   | Level      2 |   |   | Level      3 |   |   | FIN      39netting(a) |   |   | Netbalance |
|------------------------------------------|--------|--------------|--------|--------|--------------|--------|--------|--------------|--------|--------|-----------------------|--------|--------|------------|
|                                     |   |         |   |   |         |   |   |         |   |   |                  |   |   |       |
| Assets                                   |   |         |   |   |         |   |   |         |   |   |                  |   |   |       |
| Investment      securities               | $      | 1,141        |   | $      | 27,313       |   | $      | 12,782       |   | $      | −               |   | $      | 41,236     |
| Derivatives(b)                           |   | −      |   |   | 18,109       |   |   | 1,094        |   |   | (7,088                | )      |   | 12,115     |
| Other(c)                                 |   | −      |   |   | 288          |   |   | 551          |   |   | −               |   |   | 839        |
| Total                                    | $      | 1,141        |   | $      | 45,710       |   | $      | 14,427       |   | $      | (7,088                | )      | $      | 54,190     |
|                                     |   |         |   |   |         |   |   |         |   |   |                  |   |   |       |
| Liabilities                              |   |         |   |   |         |   |   |         |   |   |                  |   |   |       |
| Derivatives                              | $      | 2            |   | $      | 11,517       |   | $      | 165          |   | $      | (7,252                | )      | $      | 4,432      |
| Other                                    |   | −      |   |   | 323          |   |   | −      |   |   | −               |   |   | 323        |
| Total                                    | $      | 2            |   | $      | 11,840       |   | $      | 165          |   | $      | (7,252                | )      | $      | 4,755      |
|                                     |   |         |   |   |         |   |   |         |   |   |                  |   |   |       |

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

| (In      millions)         | January      1, 2008 |   | Netrealized/unrealizedgains(losses)included      inearnings(a) |   | Net      realized/unrealizedgains      (losses)included      inaccumulatednonownerchangesother      thanearnings |   | Purchases,issuancesandsettlements |   | Transfersin      and/orout      ofLevel      3(b) |   | December      31, 2008 |   | Netchange      inunrealizedgains(losses)relating      toinstrumentsstill      heldat      December 31, 2008(c) |
|----------------------------|----------------------|--------|----------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|--------|---------------------------------------------------|--------|------------------------|--------|----------------------------------------------------------------------------------------------------------------|
|                       |                 |   |                                                           |   |                                                                                                             |   |                              |   |                                              |   |                   |   |                                                                                                           |   |   |   |   |   |   |   |   |   |
| Investment      securities | $                    | 12,122 |                                                           | $      | 598                                                                                                              |   | $                                 | (1,586 | )                                                 | $      | 653                    |   | $                                                                                                              | 995 |   | $ | 12,782 |   |   | $ | 8 |   |
| Derivatives(d)(e)          |                 | 264    |                                                           |   | 820                                                                                                              |   |                              | 141    |                                              |   | (256                   | )      |                                                                                                           | (13 | ) |   | 956 |   |   |   | 589 |   |
| Other                      |                 | 689    |                                                           |   | (67                                                                                                              | )      |                              | (29    | )                                                 |   | (93                    | )      |                                                                                                           | 51 |   |   | 551 |   |   |   | (67 | ) |
| Total                      | $                    | 13,075 |                                                           | $      | 1,351                                                                                                            |   | $                                 | (1,474 | )                                                 | $      | 304                    |   | $                                                                                                              | 1,033 |   | $ | 14,289 |   |   | $ | 530 |   |
|                       |                 |   |                                                           |   |                                                                                                             |   |                              |   |                                              |   |                   |   |                                                                                                           |   |   |   |   |   |   |   |   |   |

| (a) | Earnings      effects are primarily included in the “Revenues from services” and      “Interest” captions in the Statement of Earnings.                                                                                                                                                                  |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Transfers      in and out of Level 3 are considered to occur at the beginning of the      period. Transfers into Level 3 were a result of increased use of      non-binding broker quotes that could not be validated with other market      observable data, resulting from continued deterioration in the credit      markets. |
| (c) | Represented      the amount of total gains or losses for the period included in earnings      attributable to the change in unrealized gains (losses) relating to assets      and liabilities classified as Level 3 that are still held at December 31,      2008.                                                               |
| (d) | Earnings      from Derivatives were partially offset by $760 million in losses from      related derivatives included in Level 2 and $4 million in losses from      underlying debt obligations in qualifying fair value    hedges.                                                                                              |
| (e) | Represented      derivative assets net of derivative liabilities and included cash accruals      of $27 million not reflected in the fair value hierarchy      table.                                                                                                                                                            |

----

|                             | 2008           |   | 2007                      |   |
|----------------------------------|----------------|--------|---------------------------|--------|
|                             |           |   | Assets      (liabilities) |   |   |   | Assets      (liabilities) |   |
| December      31 (In millions)   | Notionalamount |   | Carryingamount      (net) |   | Estimatedfair      value |   | Notionalamount |   | Carryingamount      (net) |   | Estimatedfair      value |   |
| Assets                           |           |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans                            | $              | (a)    |                      | $      | 305,376 |   | $ | 292,797 |   | $ | (a) |   | $ | 309,623 |   | $ | 307,425 |   |
| Other commercial      mortgages  |           | (a)    |                      |   | 1,501 |   |   | 1,427 |   |   | (a) |   |   | 4,891 |   |   | 4,939 |   |
| Loans held for    sale           |           | (a)    |                      |   | 3,640 |   |   | 3,670 |   |   | (a) |   |   | 3,808 |   |   | 3,809 |   |
| Other financial                  |           |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| instruments(b)                   |           | (a)    |                      |   | 2,637 |   |   | 2,810 |   |   | (a) |   |   | 2,764 |   |   | 3,150 |   |
| Liabilities                      |           |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Borrowings(c)(d)                 |           | (a)    |                      |   | (514,601 | ) |   | (504,439 | ) |   | (a) |   |   | (500,922 | ) |   | (503,607 | ) |
| Investment    contract           |           |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| benefits                         |           | (a)    |                      |   | (4,212 | ) |   | (4,536 | ) |   | (a) |   |   | (4,536 | ) |   | (4,914 | ) |
| Guaranteed      investment       |           |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| contracts                        |           | (a)    |                      |   | (10,828 | ) |   | (10,677 | ) |   | (a) |   |   | (11,705 | ) |   | (11,630 | ) |
| Insurance – credit life(e) |           | 1,165  |                      |   | (44 | ) |   | (31 | ) |   | 1,500 |   |   | (35 | ) |   | (24 | ) |
|                             |           |   |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (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 12.                                                                                              |   |
| (e) | Net      of reinsurance of $3,103 million and $2,815 million at December 31, 2008      and 2007, respectively. |   |

----

|                                                       | Notional      amount |    |
|------------------------------------------------------------|----------------------|---------|
| December      31 (In millions)                             | 2008                 |    | 2007 |   |
|                                                       |                 |    |   |   |   |   |
| Ordinary course of business      lending commitments(a)(b) | $                    | 8,507   |   | $ | 11,731 |   |
| Unused      revolving credit lines(c)                      |                 |    |   |   |   |   |
| Commercial                                                 |                 | 25,011  |   |   | 24,554 |   |
| Consumer – principally credit      cards             |                 | 252,867 |   |   | 477,285 |   |
|                                                       |                 |    |   |   |   |   |

| (a) | Excluded      investment commitments of $3,501 million and $4,864 million as of December      31, 2008 and 2007, respectively.                                                               |   |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (b) | Included      a $1,067 million secured commitment associated with an arrangement that      can increase to a maximum of $4,943 million based on the asset volume      under the arrangement. |   |
| (c) | Excluded      inventory financing arrangements, which may be withdrawn at our option, of      $14,503 million and $14,654 million as of December 31, 2008 and 2007,      respectively.       |   |

----

| December      31 (In millions)                          | 2008   |   | 2007   |   | 2006   |   |
|---------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                    |   |   |   |   |   |   |   |   |   |
| Cash      flow hedges                                   |   |   |   |   |   |   |   |   |   |
| Ineffectiveness                                         | $      | 8      |   | $      | (3     | )      | $ | 10 |   |
| Amounts      excluded from the measure of effectiveness |   | 5      |   |   | (17    | )      |   | (16 | ) |
|                                                    |   |   |   |   |   |   |   |   |   |
| Fair      value hedges                                  |   |   |   |   |   |   |   |   |   |
| Ineffectiveness                                         |   | (600   | )      |   | 7      |   |   | (47 | ) |
| Amounts      excluded from the measure of effectiveness |   | (26    | )      |   | (13    | )      |   | 33 |   |

----

|                                                                    | 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. Exposure to a counterparty is determined net of      collateral. |   |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|

----

| ·   | Securitization      entities that hold financing receivables and other financial assets. Since      they were consolidated in 2003, these assets have continued to run off;      totaled $4,000 million at December 31, 2008; and are included in note 6      ($5,013 million in 2007). There has been no significant difference between      the performance of these financing receivables and our on-book receivables      on a blended basis. The liabilities of these securitization entities,      which consist primarily of commercial paper, totaled $3,868 million at      December 31, 2008, and are included in note 12 ($4,834 million in 2007).      Contractually the cash flows from these financing receivables must first      be used to pay down outstanding commercial paper and interest thereon as      well as other expenses of the entity. Excess cash flows are available to      GE. The creditors of these entities have no claim on the other assets of      GE. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Trinity,      a group of sponsored special purpose entities, which invests in a      portfolio of mainly investment-grade investment securities using proceeds      raised from guaranteed investment contracts (GICs) it issues to investors      (principally municipalities). At December 31, 2008, these entities held      $8,190 million of investment securities, included in note 5, and $1,002      million of cash and other assets ($11,101 million and $517 million,      respectively, at December 31, 2007). The associated guaranteed investment      contract liabilities, included in note 13, were $10,828 million and      $11,705 million at the end of December 31, 2008 and 2007,      respectively. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Penske      Truck Leasing Co., L.P. (Penske), a rental truck leasing joint venture.      The total consolidated assets and liabilities of Penske at December 31,      2008, were $7,444 million and $1,339 million, respectively, ($8,075      million and $1,482 million at December 31, 2007, respectively). Penske’s      main consolidated asset is property, plant and equipment leased to others,      included in note 8, which totaled $5,499 million at December 31, 2008,      ($6,100 million at December 31, 2007). There are no recourse arrangements      between GE and Penske. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|  December      31 (In millions)  | Equipment | (a)(b) | Commercialreal      estate | (b)    | Creditcardreceivables |   | Otherassets | (b)    | Totalassets |   |
|---------------------------------------|-----------|--------|----------------------------|--------|-----------------------|--------|-------------|--------|-------------|--------|
|                                  |      |   |                       |   |                  |   |        |   |        |   |   |   |   |   |   |
| 2008                                  |      |   |                       |   |                  |   |        |   |        |   |   |   |   |   |   |
| Asset      amount outstanding         | $         | 13,298 |                       | $      | 7,970                 |   | $           | 26,046 |        | $      | 5,250 |   | $ | 52,564 |   |
| Included      within the amount above |      |   |                       |   |                  |   |        |   |        |   |   |   |   |   |   |
| are      retained interests of:       |      |   |                       |   |                  |   |        |   |        |   |   |   |   |   |   |
| Financing      receivables(c)         |      | 339    |                       |   | –               |   |        | 3,802  |        |   | – |   |   | 4,141 |   |
| Investment      securities            |      | 747    |                       |   | 222                   |   |        | 4,806  |        |   | 532 |   |   | 6,307 |   |
|                                  |      |   |                       |   |                  |   |        |   |        |   |   |   |   |   |   |
| 2007                                  |      |   |                       |   |                  |   |        |   |        |   |   |   |   |   |   |
| Asset      amount outstanding         | $         | 15,566 |                       | $      | 9,244                 |   | $           | 26,248 |        | $      | 5,067 |   | $ | 56,125 |   |
| Included      within the amount above |      |   |                       |   |                  |   |        |   |        |   |   |   |   |   |   |
| are      retained interests of:       |      |   |                       |   |                  |   |        |   |        |   |   |   |   |   |   |
| Financing      receivables(c)         |      | 764    |                       |   | –               |   |        | 3,455  |        |   | – |   |   | 4,219 |   |
| Investment      securities            |      | 763    |                       |   | 454                   |   |        | 3,922  |        |   | 535 |   |   | 5,674 |   |
|                                  |      |   |                       |   |                  |   |        |   |        |   |   |   |   |   |   |

| (a) | Includes      inventory floorplan receivables.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | In      certain equipment and commercial real estate transactions entered into      prior to December 31, 2004, we provided contractual credit and liquidity      support to third parties who purchased debt in the QSPEs. We have not      entered into additional arrangements since that date. At December 31, 2008      and 2007, liquidity support amounted to $2,143 million and $2,810 million,      respectively. Credit support amounted to $2,164 million and $2,804 million      at December 31, 2008 and 2007, respectively. Liabilities with recourse      obligations related to off-balance sheet assets were $8 million and $3      million at December 31, 2008 and 2007, respectively. The maximum exposure      to loss under these obligations was $124 million and $99 million at      December 31, 2008 and 2007, respectively. |
| (c) | Uncertificated      sellers interests.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |

----

| (In      millions)                | Equipment |   | Commercialreal      estate |   | Creditcardreceivables |   | Otherassets |   |   |   |
|-----------------------------------|-----------|--------|----------------------------|--------|-----------------------|--------|-------------|--------|--------|--------|
|                              |      |   |                       |   |                  |   |        |   |   |   |   |   |   |   |   |
| 2008                              |      |   |                       |   |                  |   |        |   |   |   |   |   |   |   |   |
| Discount      rate(a)             |      | 17.6   | %                          |   | 25.8                  | %      |        | 15.1   | %      |   | 13.4 | % |   |   |   |
| Effect      of                    |      |   |                       |   |                  |   |        |   |   |   |   |   |   |   |   |
| 10%      adverse change           | $         | (15    | )                          | $      | (14                   | )      | $           | (53    | )      | $      | (1 | ) |   |   |   |
| 20%      adverse change           |      | (30    | )                          |   | (26                   | )      |        | (105   | )      |   | (3 | ) |   |   |   |
|                              |      |   |                       |   |                  |   |        |   |   |   |   |   |   |   |   |
| Prepayment      rate(a)(b)        |      | 19.5   | %                          |   | 11.3                  | %      |        | 9.6    | %      |   | 52.0 | % |   |   |   |
| Effect      of                    |      |   |                       |   |                  |   |        |   |   |   |   |   |   |   |   |
| 10%      adverse change           | $         | (2     | )                          | $      | (3                    | )      | $           | (60    | )      | $      | – |   |   |   |   |
| 20%      adverse change           |      | (5     | )                          |   | (7                    | )      |        | (118   | )      |   | (1 | ) |   |   |   |
|                              |      |   |                       |   |                  |   |        |   |   |   |   |   |   |   |   |
| Estimate      of credit losses(a) |      | 0.7    | %                          |   | 1.3                   | %      |        | 16.2   | %      |   | − | % |   |   |   |
| Effect      of                    |      |   |                       |   |                  |   |        |   |   |   |   |   |   |   |   |
| 10%      adverse change           | $         | (5     | )                          | $      | (2                    | )      | $           | (223   | )      | $      | – |   |   |   |   |
| 20%      adverse change           |      | (10    | )                          |   | (4                    | )      |        | (440   | )      |   | – |   |   |   |   |
|                              |      |   |                       |   |                  |   |        |   |   |   |   |   |   |   |   |
| Remaining      weighted average   |      |   |                       |   |                  |   |        |   |   |   |   |   |   |   |   |
| asset      lives (in months)      |      | 14     |                       |   | 55                    |   |        | 10     |   |   | 4 |   |   |   |   |
| Net      credit losses            | $         | 91     |                       | $      | 1                     |   | $           | 1,815  |   | $      | 5 |   |   |   |   |
| Delinquencies                     |      | 139    |                       |   | 56                    |   |        | 1,833  |   |   | 80 |   |   |   |   |
|                              |      |   |                       |   |                  |   |        |   |   |   |   |   |   |   |   |
| 2007                              |      |   |                       |   |                  |   |        |   |   |   |   |   |   |   |   |
| Discount      rate(a)             |      | 13.7   | %                          |   | 15.2                  | %      |        | 14.8   | %      |   | 14.9 | % |   |   |   |
| Effect      of                    |      |   |                       |   |                  |   |        |   |   |   |   |   |   |   |   |
| 10%      adverse change           | $         | (11    | )                          | $      | (20                   | )      | $           | (36    | )      | $      | (3 | ) |   |   |   |
| 20%      adverse change           |      | (22    | )                          |   | (38                   | )      |        | (72    | )      |   | (6 | ) |   |   |   |
|                              |      |   |                       |   |                  |   |        |   |   |   |   |   |   |   |   |
| Prepayment      rate(a)(b)        |      | 16.4   | %                          |   | 3.4                   | %      |        | 10.8   | %      |   | 35.1 | % |   |   |   |
| Effect      of                    |      |   |                       |   |                  |   |        |   |   |   |   |   |   |   |   |
| 10%      adverse change           | $         | (7     | )                          | $      | (5                    | )      | $           | (80    | )      | $      | (2 | ) |   |   |   |
| 20%      adverse change           |      | (12    | )                          |   | (9                    | )      |        | (148   | )      |   | (4 | ) |   |   |   |
|                              |      |   |                       |   |                  |   |        |   |   |   |   |   |   |   |   |
| Estimate      of credit losses(a) |      | 1.2    | %                          |   | 1.0                   | %      |        | 9.0    | %      |   | 0.1 | % |   |   |   |
| Effect      of                    |      |   |                       |   |                  |   |        |   |   |   |   |   |   |   |   |
| 10%      adverse change           | $         | (5     | )                          | $      | (8                    | )      | $           | (110   | )      | $      | (1 | ) |   |   |   |
| 20%      adverse change           |      | (9     | )                          |   | (13                   | )      |        | (222   | )      |   | (1 | ) |   |   |   |
|                              |      |   |                       |   |                  |   |        |   |   |   |   |   |   |   |   |
| Remaining      weighted average   |      |   |                       |   |                  |   |        |   |   |   |   |   |   |   |   |
| lives      (in months)            |      | 16     |                       |   | 53                    |   |        | 8      |   |   | 24 |   |   |   |   |
| Net      credit losses            | $         | 55     |                       | $      | 1                     |   | $           | 941    |   | $      | − |   |   |   |   |
| Delinquencies                     |      | 53     |                       |   | 12                    |   |        | 1,514  |   |   | 27 |   |   |   |   |
|                              |      |   |                       |   |                  |   |        |   |   |   |   |   |   |   |   |

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

----

|  (In      millions)                                                   |   | 2008   |   |   | 2007   |   |   | 2006    |   |
|----------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|---------|--------|
|                                                                       |   |   |   |   |   |   |   |    |   |
| Cash      flows on transfers                                               |   |   |   |   |   |   |   |    |   |
|                                                                       |   |   |   |   |   |   |   |    |   |
| Proceeds      from new transfers                                           | $      | 6,655  |   | $      | 22,767 |   | $      | 19,288  |   |
| Proceeds      from collections reinvested in revolving period transfers    |   | 70,144 |   |   | 61,625 |   |   | 46,944  |   |
| Cash      flows on retained interests recorded as investment    securities |   | 5,935  |   |   | 4,265  |   |   | 2,964   |   |
|                                                                       |   |   |   |   |   |   |   |    |   |
| Effect      on GECS revenues from services                                 |   |   |   |   |   |   |   |    |   |
| Net      gain on sale                                                      | $      | 1,133  |   | $      | 1,805  |   | $      | 1,187   |   |
| Change      in fair value on SFAS 155 retained interests                   |   | (113   | )      |   | (102   | )      |   | – |   |
| Other-than-temporary      impairments                                      |   | (330   | )      |   | (114   | )      |   | (37     | )      |

| ·   | Credit support. We have      provided $8,187 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 $65 million for      December 31, 2008. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | Indemnification      agreements. These are agreements that require us to fund up to $401      million under residual value guarantees on a variety of leased equipment.      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 $325 million at December 31, 2008. We had      $1,703 million of other indemnification commitments arising primarily from      sales of businesses or assets. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | 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, 2008, we had total maximum exposure for future estimated      payments of $41 million, of which none was earned and    payable. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  (In      millions)             | First      quarter |   | Second      quarter |   | Third      quarter |   | Fourth      quarter |   |
|--------------------------------------|--------------------|--------|---------------------|--------|--------------------|--------|---------------------|--------|
|                                 | 2008               |   | 2007                |   | 2008               |   | 2007                |   | 2008 |   | 2007 |   | 2008 |   | 2007 |   |
|                                 |               |   |                |   |               |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      revenues                  | $                  | 18,038 |                | $      | 17,409             |   | $                   | 19,032 |   | $ | 17,170 |   | $ | 18,431 |   | $ | 18,066 |   | $ | 15,786 |   | $ | 19,291 |   |
| Earnings      (loss) from continuing |               |   |                |   |               |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| operations before      income        |               |   |                |   |               |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| taxes                                | $                  | 2,539  |                | $      | 4,002              |   | $                   | 2,847  |   | $ | 3,144 |   | $ | 1,553 |   | $ | 3,223 |   | $ | (1,540 | ) | $ | 3,409 |   |
| Benefit      (provision) for         |               |   |                |   |               |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| income taxes                         |               | (83    | )                   |   | (595               | )      |                | (73    | ) |   | (728 | ) |   | 457 |   |   | (4 | ) |   | 2,074 |   |   | (34 | ) |
| Earnings      from continuing        |               |   |                |   |               |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| operations                           |               | 2,456  |                |   | 3,407              |   |                | 2,774  |   |   | 2,416 |   |   | 2,010 |   |   | 3,219 |   |   | 534 |   |   | 3,375 |   |
| Loss      from discontinued          |               |   |                |   |               |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| operations,                          |               |   |                |   |               |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| net of taxes                         |               | (61    | )                   |   | (384               | )      |                | (337   | ) |   | (250 | ) |   | (170 | ) |   | (1,352 | ) |   | (151 | ) |   | (130 | ) |
| Net      earnings                    | $                  | 2,395  |                | $      | 3,023              |   | $                   | 2,437  |   | $ | 2,166 |   | $ | 1,840 |   | $ | 1,867 |   | $ | 383 |   | $ | 3,245 |   |

Item 9. Changes in and DisagreementsWith Accountants on Accounting and Financial Disclosure.

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)      |   | 2008    |   |   | 2007    |   |
|-------------------------|--------|---------|--------|--------|---------|--------|
|                    |   |    |   |   |    |   |
| Type      of fees       |   |    |   |   |    |   |
| Audit      fees         | $      | 37.2    |   | $      | 40.9    |   |
| Audit-related      fees |   | 10.0    |   |   | 9.6     |   |
| Tax      fees           |   | 4.9     |   |   | 7.3     |   |
| All      other fees     |   | − |   |   | – |   |
| Total                   | $      | 52.1    |   | $      | 57.8    |   |

----

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 periodended December 31,      2008Statement      of Changes in Shareowner’s Equity for each of the years in the three-year      period ended December 31, 2008Statement      of Financial Position at December 31, 2008 and 2007Statement      of Cash Flows for each of the years in the three-year period      endedDecember 31, 2008Notes      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, 2008 (pages 21 through      141), Exhibit 12(a) (Computation of Ratio of Earnings to Fixed Charges)      and Exhibit 12(b) (Computation of Ratio of Earnings to Combined Fixed      Charges and Preferred Stock Dividends) 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 notes thereto. |
|        |
| (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 U.S.      Securities and Exchange Commission. |
|        |                                                                                                                                                                                             |
|        | ExhibitNumber                                                                                                                                                                                    |   | Description |
|        |
|        | 3(i)                                                                                                                                                                                             |   | A      complete copy of the Certificate of Incorporation of GECS as last amended      on April 1, 2008, 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); (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 quarterly period ended June 26, 1999); and (c) a      Certificate of Correction to the Certificate of Amendment date July 22,      1999 filed with the Office of the Secretary of State, State of Delaware on      April 1, 2008 (Incorporated by reference to Exhibit 3(i) of GECS Form 10-Q      Report for the quarterly period ended March 31, 2008 (Commission file      number 0-14804)). |
|        |
|        | 3(ii)                                                                                                                                                                                            |   | A      complete copy of the Amended and Restated By-Laws of GECS as last amended      on February 21, 2008, and currently in effect (Incorporated by reference      to Exhibit 3(ii) of GECS’ Form 10-Q Report for the quarterly period ended      March 31, 2008 (Commission file number 0-14804)). |
|        |
|        | 4(a)                                                                                                                                                                                             |   | Amended      and Restated General Electric Capital Corporation (GECC) 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 (Commission file number      1-6461)). |
|        |
|        | 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 (Commission file number1-6461)). |

----

|   |
|--------|
|   | 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 (Commission file      number 1-6461)). |
|   |
|   | 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 (Commission file      number 1-6461)). |
|   |
|   | 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 GECC's Post-Effective      Amendment No. 1 to Registration Statement on Form S-3, File No.      333-100527 (Commission file number 1-6461)). |
|   |
|   | 4(f) |   | Fourth      Supplemental Indenture dated as of August 24, 2007, supplemental to Third      Amended and Restated Indenture dated as of February 27, 1997 (Incorporated      by reference to Exhibit 4(g) to GECC’s Registration Statement on Form S-3,      File No. 333-156929 (Commission file number 1-6461)). |
|   |
|   | 4(g) |   | Fifth      Supplemental Indenture dated as of December 2, 2008, supplemental to Third      Amended and Restated Indenture dated as of February 27, 1997 (Incorporated      by reference to Exhibit 4(h) to GECC’s Registration Statement on Form S-3,      File No. 333-156929 (Commission file number 1-6461)). |
|   |
|   | 4(h) |   | 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 The Bank of New York, as      fiscal and paying agent, dated as of May 12, 2006 (Incorporated by      reference to Exhibit 4(q) to GECC’s Registration Statement on Form S-3,      File No. 333-156929 (Commission file number 1-6461)). |
|   |
|   | 4(i) |   | Form      of Global Medium-Term Note, Series A, Fixed Rate Registered Note      (Incorporated by reference to Exhibit 4(r) to GECC’s Registration      Statement on Form S-3, File No. 333-156929 (Commission file number      1-6461)). |
|   |
|   | 4(j) |   | Form      of Global Medium-Term Note, Series A, Floating Rate Registered Note      (Incorporated by reference to Exhibit 4(s) to GECC’s Registration      Statement on Form S-3, File No. 333-156929 (Commission file number      1-6461)). |
|   |
|   | 4(k) |   | Form      of Global Medium-Term Note, Series G, Fixed Rate DTC Registered Note      (Incorporated by reference to Exhibit 4(bb) to GECC’s Registration      Statement on Form S-3, File No. 333-156929, (Commission file number      1-6461). |
|   |   |   |   |
|   | 4(l) |   | Form      of Global Medium-Term Note, Series G, Floating Rate DTC Registered Note      (Incorporated by reference to Exhibit 4(cc) to GECC’s Registration      Statement on Form S-3, File No. 333-156929 (Commission file number      1-6461)). |
|   |   |   |   |
|   | 4(m) |   | Form      of GE Capital Fixed Rate InterNote (Incorporated by reference to Exhibit      4(pp) to GECC’s Registration Statement on Form S-3, File No. 333-156929      (Commission file number 1-6461)). |
|   |   |   |   |
|   | 4(n) |   | 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 (Commission file number      0-14804)). |
|   |
|   | 4(o) |   | 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 (Commission file number      0-14804)). |
|   |
|   | 4(p) |   | 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 (Commission file number      0-14804)). |

----

|   |
|--------|
|   | 4(q) |   | 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 (Commission file number      0-14804)). |
|   |
|   | 4(r) |   | 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 (Commission file number      0-14804)). |
|   |
|   | 4(s) |   | 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 (Commission file number      0-14804)). |
|   |   |   |   |
|   | 4(t) |   | Master      Agreement, Temporary Liquidity Guarantee Program dated December 1, 2008      between GECC and Federal Deposit Insurance Corporation (Incorporated by      reference to Exhibit 4(oo) to GECC’s Registration Statement on Form S-3,      File No. 333-156929 (Commission file number 1-6461)). |
|   |
|   | 4(u) |   | 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 trustee (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, (Commission file number      1-6461). |
|   |
|   | 4(v) |   | 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.* |
|   |
|   | 10 |   | 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.* |
|   |
|   | 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, 2008, (pages 21 through      141) and Exhibit 12 (Ratio of Earnings to Fixed Charges) of General      Electric Company. |
|   |
|   | *    Filed      electronically herewith. |
|   |

----

| For      the years ended December 31 (In millions)                 |   | 2008   |   |   | 2007   |   |   | 2006   |   |
|--------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                                               |   |   |   |   |   |   |   |   |   |
| Revenues                                                           | $      | 20     |   | $      | 607    |   | $      | 147    |   |
|                                                               |   |   |   |   |   |   |   |   |   |
| Expenses                                                           |   |   |   |   |   |   |   |   |   |
| Interest                                                           |   | 377    |   |   | 548    |   |   | 582    |   |
| Operating      and administrative                                  |   | 199    |   |   | 198    |   |   | 283    |   |
| Total expenses                                                     |   | 576    |   |   | 746    |   |   | 865    |   |
|                                                               |   |   |   |   |   |   |   |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |
| Loss      before income taxes and equity in earnings of affiliates |   | (556   | )      |   | (139   | )      |   | (718   | )      |
| Income      tax benefit (expense)                                  |   | 195    |   |   | (119   | )      |   | 938    |   |
| Equity      in earnings of affiliates                              |   | 7,416  |   |   | 10,559 |   |   | 10,438 |   |
|                                                               |   |   |   |   |   |   |   |   |   |
| Net    earnings                                                    |   | 7,055  |   |   | 10,301 |   |   | 10,658 |   |
| Dividends                                                          |   | (2,351 | )      |   | (7,450 | )      |   | (9,987 | )      |
| Retained      earnings at January 1(a)                             |   | 38,351 |   |   | 35,500 |   |   | 34,906 |   |
|                                                               |   |   |   |   |   |   |   |   |   |
| Retained earnings at December      31                              | $      | 43,055 |   | $      | 38,351 |   | $      | 35,577 |   |
|                                                               |   |   |   |   |   |   |   |   |   |

| (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)                            |   | 2008   |   |   | 2007   |   |
|------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                                               |   |   |   |   |   |   |
| Assets                                                                             |   |   |   |   |   |   |
| Cash      and equivalents                                                          | $      | 5      |   | $      | 199    |   |
| Investment      in and advances to affiliates                                      |   | 61,205 |   |   | 65,051 |   |
| Other      assets                                                                  |   | 957    |   |   | 206    |   |
| Total      assets                                                                  | $      | 62,167 |   | $      | 65,456 |   |
|                                                                               |   |   |   |   |   |   |
| Liabilities      and equity                                                        |   |   |   |   |   |   |
| Borrowings                                                                         | $      | 6,396  |   | $      | 6,490  |   |
| Other      liabilities                                                             |   | 1,992  |   |   | 790    |   |
| Totalliabilities                                                                   |   | 8,388  |   |   | 7,280  |   |
|                                                                               |   |   |   |   |   |   |
| Cumulative      preferred stock, $10,000 par value (80,000 shares    authorized;   |   |   |   |   |   |   |
| 51,000 shares issued and held      primarily by consolidated affiliates at         |   |   |   |   |   |   |
| December 31, 2008 and      2007)                                                   |   | 510    |   |   | 510    |   |
| Common      stock, $1,000 par value (1,260 shares authorized at                    |   |   |   |   |   |   |
| December 31, 2008 and 2007, and      1,062 and 1,064 shares issued and outstanding |   |   |   |   |   |   |
| at December 31, 2008 and      2007)                                                |   | 1      |   |   | 1      |   |
| Accumulated      gains (losses) – net                                        |   |   |   |   |   |   |
| Investment      securities                                                         |   | (3,097 | )      |   | 110    |   |
| Currency translation      adjustments                                              |   | (1,258 | )      |   | 7,472  |   |
| Cash flow hedges                                                                   |   | (3,134 | )      |   | (727   | )      |
| Benefit plans                                                                      |   | (367   | )      |   | (105   | )      |
| Additional      paid-in capital                                                    |   | 18,069 |   |   | 12,564 |   |
| Retained      earnings                                                             |   | 43,055 |   |   | 38,351 |   |
| Total shareowner’s      equity                                               |   | 53,779 |   |   | 58,176 |   |
| Total      liabilities and equity                                                  | $      | 62,167 |   | $      | 65,456 |   |
|                                                                               |   |   |   |   |   |   |

| The      sum of accumulated gains (losses) on investment securities, currency      translation adjustments, cash flow hedges and benefit plans constitutes      “Accumulated other comprehensive income,” and was $(7,856) million and      $6,750 million at December 31, 2008 and 2007,respectively. |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                               |   |
| See      accompanying notes.                                                                                                                                                                                                                                                                                       |   |

----

| For      the years ended December 31 (In millions)                   | 2008   |   | 2007   |   | 2006   |   |
|----------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                                 |   |   |   |   |   |   |
| Cash      from operating activities                                  | $      | 2,925  |   | $      | 8,640  |   | $ | 7,716 |   |
| Cash      flows -      investing activities                          |   |   |   |   |   |   |   |   |   |
| Decrease      (increase) in investment in and advances to affiliates |   | (3,555 | )      |   | (2,354 | )      |   | 4,019 |   |
| Net      decrease (increase) in other assets                         |   | (2,628 | )      |   | 1,969  |   |   | (1,581 | ) |
|                                                                 |   |   |   |   |   |   |   |   |   |
| Cash      from (used for) investing activities                       |   | (6,183 | )      |   | (385   | )      |   | 2,438 |   |
|                                                                 |   |   |   |   |   |   |   |   |   |
| Cash      flows -      financing activities                          |   |   |   |   |   |   |   |   |   |
| Net      decrease in borrowings                                      |   | (94    | )      |   | (1,804 | )      |   | (39 | ) |
| Dividends      paid to shareowner                                    |   | (2,351 | )      |   | (7,291 | )      |   | (9,847 | ) |
| All      other financing activities                                  |   | 5,509  |   |   | 17     |   |   | 11 |   |
|                                                                 |   |   |   |   |   |   |   |   |   |
| Cash      from (used for) financing activities                       |   | 3,064  |   |   | (9,078 | )      |   | (9,875 | ) |
|                                                                 |   |   |   |   |   |   |   |   |   |
|                                                                 |   |   |   |   |   |   |   |   |   |
| Increase      (decrease) in cash and equivalents during year         |   | (194   | )      |   | (823   | )      |   | 279 |   |
| Cash      and equivalents at beginning of year                       |   | 199    |   |   | 1,022  |   |   | 743 |   |
| Cash      and equivalents at end of year                             | $      | 5      |   | $      | 199    |   | $ | 1,022 |   |
|                                                                 |   |   |   |   |   |   |   |   |   |
|                                                                 |   |
| See      accompanying notes.                                         |   |

----

----

|                   |   | General      Electric Capital Services, Inc. |
|------------------------|--------|----------------------------------------------|
|                   |   |                                         |
| February      18, 2009 |   | By: /s/      Jeffrey R. Immelt          |   |
|                   |   | Jeffrey      R. Immelt                       |
|                   |   | Chief      Executive Officer                 |

----

| Signature                                 |                                 | Title                                     |   | Date                   |
|-------------------------------------------|--------------------------------------|-------------------------------------------|--------|------------------------|
|                                      |                                 |                                      |   |                   |
| /s/      Jeffrey R. Immelt                |                                 | Chief      Executive Officer              |   | February      18, 2009 |
| Jeffrey      R. Immelt                    |                                 | (Principal      Executive Officer)        |   |                   |
|                                      |                                 |                                      |   |                   |
| /s/      Keith S. Sherin                  |                                 | Chief      Financial Officer              |   | February      18, 2009 |
| Keith      S. Sherin                      |                                 | (Principal      Financial Officer)        |   |                   |
|                                      |                                 |                                      |   |                   |
| /s/      Jamie S. Miller                  |                                 | Senior      Vice President and Controller |   | February      18, 2009 |
| Jamie      S. Miller                      |                                 | (Principal      Accounting Officer)       |   |                   |
|                                      |                                 |                                      |   |                   |
|                                      |                                 |                                      |   |                   |
| JEFFREY      S. BORNSTEIN*                |                                 | Director                                  |   |                   |
| WILLIAM      H. CARY*                     |                                 | 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                                  |   |                   |
| RONALD      R. PRESSMAN*                  |                                 | Director                                  |   |                   |
| JOHN      G. RICE*                        |                                 | Director                                  |   |                   |
| JOHN      M. SAMUELS*                     |                                 | Director                                  |   |                   |
| KEITH      S. SHERIN*                     |                                 | Director                                  |   |                   |
|                                      |                                 |                                      |   |                   |
| A      MAJORITY OF THE BOARD OF DIRECTORS |                                 |                                      |
|                                      |                                 |                                      |   |                   |
| *By:                                      | /s/      Jamie S. Miller             |                                      |   | February      18, 2009 |
|                                      | Jamie      S. MillerAttorney-in-fact |                                      |   |                   |

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