| FORM 10-K                                                                                            |
|------------------------------------------------------------------------------------------------------|
| (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, 2010                                                          |
| or                                                                                                   |
| ¨ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
|                                                                                                 |
| For the transition period from ___________to ___________                                             |
|                                                                                                 |
| Commission file number 0-14804                                                                       |
|                                                                                                 |
| General Electric Capital Services, Inc.(Exact name of registrant as specified in charter)            |

| 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 exchange on which registered |
| 7½% 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 per share                    |

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

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| Part I   |                                                                                           | Page   |
|----------|------------------------------------------------------------------------------------------------|--------|
|     |                                                                                           |   |   |
| Item 1.  | Business                                                                                       |   | 3 |
| Item 1A. | Risk Factors                                                                                   |   | 7 |
| Item 1B. | Unresolved Staff Comments                                                                      |   | 12 |
| Item 2.  | Properties                                                                                     |   | 12 |
| Item 3.  | Legal Proceedings                                                                              |   | 12 |
| Item 4.  | Submission of Matters to a Vote of Security Holders                                            |   | 13 |
|     |                                                                                           |   |   |
| Part II  |                                                                                           |   |
|     |                                                                                           |   |   |
| Item 5.  | Market for Registrant’s Common Equity, Related Stockholder Matters and                   |   |   |
|     | Issuer Purchases of Equity Securities                                                          |   | 13 |
| Item 6.  | Selected Financial Data                                                                        |   | 13 |
| Item 7.  | Management’s Discussion and Analysis of Financial Condition and Results of Operations    |   | 14 |
| Item 7A. | Quantitative and Qualitative Disclosures About Market Risk                                     |   | 54 |
| Item 8.  | Financial Statements and Supplementary Data                                                    |   | 55 |
| Item 9.  | Changes in and Disagreements With Accountants on Accounting and Financial Disclosure           |   | 125 |
| Item 9A. | Controls and Procedures                                                                        |   | 126 |
| Item 9B. | Other Information                                                                              |   | 126 |
|     |                                                                                           |   |   |
| Part III |                                                                                           |   |
|     |                                                                                           |   |   |
| Item 10. | Directors, Executive Officers and Corporate Governance                                         |   | 126 |
| Item 11. | Executive Compensation                                                                         |   | 126 |
| Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters |   | 126 |
| Item 13. | Certain Relationships and Related Transactions, and Director Independence                      |   | 126 |
| Item 14. | Principal Accounting Fees and Services                                                         |   | 127 |
|     |                                                                                           |   |   |
| Part IV  |                                                                                           |   |
|     |                                                                                           |   |   |
| Item 15. | Exhibits and Financial Statement Schedules                                                     |   | 127 |
|     | Signatures                                                                                     |   | 135 |
|     |                                                                                           |   |   |

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| (In millions)                                                         |   | 2010     |   |   | 2009       |   |   | 2008     |   |   | 2007     |   |   | 2006       |   |
|-----------------------------------------------------------------------|--------|---------------|--------|--------|-----------------|--------|--------|---------------|--------|--------|---------------|--------|--------|-----------------|--------|
|                                                                  |   |          |   |   |            |   |   |          |   |   |          |   |   |            |   |
| Revenues                                                              | $      | 50,499   |   | $      | 52,658     |   | $      | 70,353   |   | $      | 71,004   |   | $      | 60,628     |   |
| Earnings from continuing operations                                   |   |          |   |   |            |   |   |          |   |   |          |   |   |            |   |
|     attributable to GECS                          |   | 3,130    |   |   | 1,315      |   |   | 7,712    |   |   | 12,354   |   |   | 10,131     |   |
| Earnings (loss) from discontinued                                     |   |          |   |   |            |   |   |          |   |   |          |   |   |            |   |
|     operations, net of taxes attributable to GECS |   |  (975)   |   |   |  100  |   |   |  (657)   |   |   |  (2,053) |   |   |  527  |   |
| Net earnings attributable to GECS                                     |   | 2,155    |   |   | 1,415      |   |   | 7,055    |   |   | 10,301   |   |   | 10,658     |   |
| GECS Shareowner's equity                                              |   | 68,984   |   |   | 70,833     |   |   | 53,279   |   |   | 57,676   |   |   | 54,097     |   |
| Short-term borrowings                                                 |   | 118,797  |   |   | 130,754    |   |   | 159,904  |   |   | 175,436  |   |   | 157,057    |   |
| Nonrecourse borrowings of consolidated                                |   |          |   |   |            |   |   |          |   |   |          |   |   |            |   |
|    securitization entities                             |   | 30,060   |   |   | 3,883      |   |   | 6,168    |   |   | 8,825    |   |   | 11,868     |   |
| Bank deposits                                                         |   | 37,298   |   |   | 33,519     |   |   | 36,854   |   |   | 11,968   |   |   | 9,824      |   |
| Long-term borrowings                                                  |   | 284,407  |   |   | 325,429    |   |   | 311,504  |   |   | 304,467  |   |   | 247,268    |   |
| Return on average GECS shareowner's equity(a)                         |   | 4.96     | %      |   | 2.25       | %      |   | 14.17    | %      |   | 23.31    | %      |   | 20.38      | %      |
| GECS ratio of earnings to fixed charges                               |   | 1.12     |   |   | 0.83       |   |   | 1.22     |   |   | 1.60     |   |   | 1.64       |   |
| GECC ratio of debt to equity                                          |   | 6.39:1        | (b)    |   | 6.66:1          | (b)    |   | 8.79:1        |   |   | 8.14:1        |   |   | 7.50:1          |   |
| Financing receivables - net                                           |   | 319,277  |   |   | 326,941    |   |   | 366,207  |   |   | 377,249  |   |   | 322,037    |   |
| Total assets                                                          | $      | 608,678  |   | $      | 650,324    |   | $      | 660,974  |   | $      | 646,543  |   | $      | 565,296    |   |
|                                                                  |   |          |   |   |            |   |   |          |   |   |          |   |   |            |   |
|                                                                  |   |          |   |   |            |   |   |          |   |   |          |   |   |            |   |

| (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, 2010, 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)   | Ratios of 4.94:1 and 5.17:1 for 2010 and 2009, respectively, net of cash and equivalents and with classification of hybrid debt as equity. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | In February 2011, the Board created a Risk Committee. This Committee oversees GE’s key risks, including strategic, operational, market, liquidity, funding, credit and product risk and the guidelines, policies and processes for monitoring and mitigating such risks. Starting in March 2011, as part of its overall risk oversight responsibilities for GE, the Risk Committee will also oversee risks related to GECS (including GECC), which previously was subject to direct Audit Committee oversight. The Risk Committee is expected to meet at least four times a year. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The Audit Committee oversees GE’s and GE Capital’s policies and processes relating to the financial statements, the financial reporting process, compliance and auditing. The GE Audit Committee receives an annual risk update, which focuses on the key risks affecting GE as well as reporting on the company’s risk assessment and risk management guidelines, policies and processes. In addition to monitoring ongoing compliance issues and matters, the GE Audit Committee also annually conducts an assessment of compliance issues and programs. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The Public Responsibilities Committee oversees risks related to GE’s public policy initiatives, the environment and similar matters. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The Management Development and Compensation Committee oversees the risks associated with management resources, structure, succession planning, management development and selection processes, including evaluating the effect compensation structure may have on risk decisions. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The Nominating and Corporate Governance Committee oversees risks related to the company’s governance structure and processes and risks arising from related person transactions. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | Strategic. Strategic risk relates to the company’s future business plans and strategies, including the risks associated with the markets and industries in which we operate, demand for our products and services, competitive threats, technology and product innovation, mergers and acquisitions and public policy. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Operational. Operational risk relates to the effectiveness of our people, integrity of our internal systems and processes, as well as external events that affect the operation of our businesses. It includes product life cycle and execution, product performance, information management and data security, business disruption, human resources and reputation. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Financial. Financial risk relates to our ability to meet financial obligations and mitigate credit risk, liquidity risk and exposure to broad market risks, including volatility in foreign currency exchange rates and interest rates and commodity prices. 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 and 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 industrial businesses, as well as in our GE Capital investing, lending and leasing activities and derivative financial instruments activities. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Legal and Compliance. Legal and compliance risk relates to changes in the government and regulatory environment, compliance requirements with policies and procedures, including those relating to financial reporting, environmental health and safety, and intellectual property risks. Government and regulatory risk is the risk that the government or regulatory actions will impose additional cost on us or cause us to have to change our business models or practices. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (In millions)                                               |   | 2010    |   | 2009  |         | 2008  |
|-------------------------------------------------------------|--------|--------------|--------|------------|--------------|------------|
|                                                        |   |         |   |       |         |       |   |   |
| Revenues                                                    |   |         |   |       |         |       |   |   |
| CLL(a)                                                      | $      | 18,447  |   | $          | 20,762  |       | $ | 26,856  |
| Consumer(a)                                                 |   | 17,822  |   |       | 17,634  |       |   | 24,177  |
| Real Estate                                                 |   | 3,744   |   |       | 4,009   |       |   | 6,646  |
| Energy Financial Services                                   |   | 1,957   |   |       | 2,117   |       |   | 3,707  |
| GECAS(a)                                                    |   | 5,127   |   |       | 4,594   |       |   | 4,688  |
|       Total segment revenues  |   | 47,097  |   |       | 49,116  |       |   | 66,074  |
| GECS corporate items and eliminations                       |   | 3,402   |   |       | 3,542   |       |   | 4,279  |
| Total revenues in GECS                                      | $      | 50,499  |   | $          | 52,658  |       | $ | 70,353  |
|                                                        |   |         |   |       |         |       |   |   |
| Segment profit (loss)                                       |   |         |   |       |         |       |   |   |
| CLL(a)                                                      | $      | 1,554   |   | $          | 963     |       | $ | 1,838  |
| Consumer(a)                                                 |   | 2,629   |   |       | 1,419   |       |   | 3,623  |
| Real Estate                                                 |   | (1,741)      |   |       | (1,541)      |       |   | 1,144  |
| Energy Financial Services                                   |   | 367     |   |       | 212     |       |   | 825  |
| GECAS(a)                                                    |   | 1,195   |   |       | 1,016   |       |   | 1,140  |
|       Total segment profit    |   | 4,004   |   |       | 2,069   |       |   | 8,570  |
| GECS corporate items and eliminations(b)(c)                 |   | (874)        |   |       | (754)        |       |   | (858) |
| Earnings from continuing operations attributable to GECS    |   | 3,130   |   |       | 1,315   |       |   | 7,712  |
| Earnings (loss) from discontinued operations, net of taxes, |   |         |   |       |         |       |   |   |
|       attributable to GECS    |   | (975)        |   |       | 100     |       |   | (657) |
| Total net earnings attributable to GECS                     | $      | 2,155   |   | $          | 1,415   |       | $ | 7,055  |
|                                                        |   |         |   |       |         |       |   |   |
|                                                        |   |         |   |       |         |       |   |   |

| (a)   | During the first quarter of 2010, we transferred the Transportation Financial Services business from GECAS to CLL and the Consumer business in Italy from Consumer to CLL. Prior-period amounts were reclassified to conform to the current-period presentation. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Included restructuring and other charges for 2010 and 2009 of $0.2 billion and $0.4 billion, respectively; related to CLL ($0.2 billion and $0.3 billion), primarily business exits and Consumer (an insignificant amount and $0.1 billion), primarily restructuring and other charges. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | Included $0.1 billion of net losses during both 2010 and 2009, related to our treasury operations. |
|-----|----------------------------------------------------------------------------------------------------|

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| (In millions)              | 2010  |          | 2009  |   | 2008     |
|----------------------------|------------|---------------|------------|--------|---------------|
|                       |       |          |       |   |          |   |   |   |
| Revenues                   | $          | 18,447   |       | $      | 20,762   |   | $ | 26,856  |
|                       |       |          |       |   |          |   |   |   |
| Segment profit             | $          | 1,554    |       | $      | 963      |   | $ | 1,838  |
|                       |       |          |       |   |          |   |   |   |
|                       |       |          |       |   |          |
| December 31 (In millions)  | 2010  |          | 2009  |   |          |
|                       |       |          |       |   |          |   |   |   |
| Total assets               | $          | 202,650  |       | $      | 210,742  |   |   |   |
|                       |       |          |       |   |          |   |   |   |
|                       |       |          |       |   |          |   |   |   |
| (In millions)              | 2010  |          | 2009  |   | 2008     |
|                       |       |          |       |   |          |   |   |   |
| Revenues                   |       |          |       |   |          |   |   |   |
|    Americas | $          | 9,867    |       | $      | 10,191   |   | $ | 11,594  |
|    Europe   |       | 4,140    |       |   | 4,938    |   |   | 6,011  |
|    Asia     |       | 2,202    |       |   | 2,157    |   |   | 2,400  |
|    Other    |       | 2,238    |       |   | 3,476    |   |   | 6,851  |
|                       |       |          |       |   |          |   |   |   |
| Segment profit (loss)      |       |          |       |   |          |   |   |   |
|    Americas | $          | 1,263    |       | $      | 659      |   | $ | 1,195  |
|    Europe   |       | 393      |       |   | 362      |   |   | 723  |
|    Asia     |       | 246      |       |   | 132      |   |   | 147  |
|    Other    |       | (348)         |       |   | (190)         |   |   | (227) |
|                       |       |          |       |   |          |   |   |   |
| December 31 (In millions)  | 2010  |          | 2009  |   |          |
|                       |       |          |       |   |          |   |   |   |
| Total assets               |       |          |       |   |          |   |   |   |
|    Americas | $          | 114,685  |       | $      | 115,628  |   |   |   |
|    Europe   |       | 50,026   |       |   | 54,651   |   |   |   |
|    Asia     |       | 18,269   |       |   | 19,451   |   |   |   |
|    Other    |       | 19,670   |       |   | 21,012   |   |   |   |

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| (In millions)             | 2010  |          | 2009  |   |          | 2008  |
|---------------------------|------------|---------------|------------|--------|---------------|------------|
|                      |       |          |       |   |          |       |   |   |
| Revenues                  | $          | 17,822   |       | $      | 17,634   |       | $ | 24,177  |
|                      |       |          |       |   |          |       |   |   |
| Segment profit            | $          | 2,629    |       | $      | 1,419    |       | $ | 3,623  |
|                      |       |          |       |   |          |       |   |   |
|                      |       |          |       |   |          |       |   |   |
| December 31 (In millions) | 2010  |          | 2009  |   |          |
|                      |       |          |       |   |          |       |   |   |
| Total assets              | $          | 154,469  |       | $      | 160,494  |       |   |   |
|                      |       |          |       |   |          |       |   |   |

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| (In millions)             | 2010  |         | 2009  |   | 2008    |
|---------------------------|------------|--------------|------------|--------|--------------|
|                      |       |         |       |   |         |   |   |   |
| Revenues                  | $          | 3,744   |       | $      | 4,009   |   | $ | 6,646  |
|                      |       |         |       |   |         |   |   |   |
| Segment profit (loss)     | $          | (1,741)      |       | $      | (1,541)      |   | $ | 1,144  |
|                      |       |         |       |   |         |   |   |   |
|                      |       |         |       |   |         |   |   |   |
| December 31 (In millions) | 2010  |         | 2009  |   |         |
|                      |       |         |       |   |         |   |   |   |
| Total assets              | $          | 72,630  |       | $      | 81,505  |   |   |   |
|                      |       |         |       |   |         |   |   |   |

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| (In millions)             | 2010  |         | 2009  |   | 2008    |
|---------------------------|------------|--------------|------------|--------|--------------|
|                      |       |         |       |   |         |   |   |   |
| Revenues                  | $          | 1,957   |       | $      | 2,117   |   | $ | 3,707  |
|                      |       |         |       |   |         |   |   |   |
| Segment profit            | $          | 367     |       | $      | 212     |   | $ | 825  |
|                      |       |         |       |   |         |   |   |   |
|                      |       |         |       |   |         |   |   |   |
| December 31 (In millions) | 2010  |         | 2009  |   |         |
|                      |       |         |       |   |         |   |   |   |
| Total assets              | $          | 19,549  |       | $      | 22,616  |   |   |   |
|                      |       |         |       |   |         |   |   |   |

| (In millions)             | 2010  |         | 2009  |   | 2008    |
|---------------------------|------------|--------------|------------|--------|--------------|
|                      |       |         |       |   |         |   |   |   |
| Revenues                  | $          | 5,127   |       | $      | 4,594   |   | $ | 4,688  |
|                      |       |         |       |   |         |   |   |   |
| Segment profit            | $          | 1,195   |       | $      | 1,016   |   | $ | 1,140  |
|                      |       |         |       |   |         |   |   |   |
|                      |       |         |       |   |         |   |   |   |
| December 31 (In millions) | 2010  |         | 2009  |   |         |
|                      |       |         |       |   |         |   |   |   |
| Total assets              | $          | 49,106  |       | $      | 48,178  |   |   |   |
|                      |       |         |       |   |         |   |   |   |

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| (In millions)                                    | 2010  |   | 2009  |   | 2008  |
|--------------------------------------------------|------------|--------|------------|--------|------------|
|                                             |       |   |       |   |       |   |   |   |
| Earnings (loss) from discontinued operations,    |       |   |       |   |       |   |   |   |
|       net of taxes | $          | (975)  |       | $      | 100   |   | $ | (657) |

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|  (In billions)    |   | 2010       |   |   | 2009  |   |   | 2008  |
|------------------------|--------|-----------------|--------|--------|------------|--------|--------|------------|
|                   |   |            |   |   |       |   |   |       |
| U.S.                   | $      | 24.1       |   | $      | 26.0  |   | $      | 33.2  |
| Europe                 |   | 12.5       |   |   | 14.9  |   |   | 21.2  |
| Pacific Basin          |   | 7.3        |   |   | 7.1   |   |   | 10.0  |
| Americas               |   | 5.2        |   |   | 3.6   |   |   | 4.6   |
| Middle East and Africa |   | 0.5        |   |   | 0.5   |   |   | 0.4   |
| Other Global           |   |  0.9  |   |   | 0.6   |   |   | 1.0   |
| Total                  | $      | 50.5       |   | $      | 52.7  |   | $      | 70.4  |

| December 31 (In billions) |   | 2010   |   |   | 2009   |
|---------------------------|--------|-------------|--------|--------|-------------|
|                      |   |        |   |   |        |
| U.S.                      | $      | 323.9  |   | $      | 327.7  |
| Europe                    |   | 139.0  |   |   | 162.3  |
| Pacific Basin             |   | 54.3   |   |   | 60.2   |
| Americas                  |   | 32.8   |   |   | 30.7   |
| Other Global              |   | 53.5   |   |   | 54.3   |
| Total                     | $      | 603.5  |   | $      | 635.2  |

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|                                                   | Financing receivables at |          | Nonearning receivables at |   | Allowance for losses at |
|--------------------------------------------------------|--------------------------|---------------|---------------------------|--------|-------------------------|
|                                                   | December 31,             |          | January 1,                |   | December 31,            |   | December 31, |   | January 1, |   | December 31, |   | December 31, |   | January 1, |   | December 31, |
| (In millions)                                          | 2010                     |          | 2010(a)                   |   | 2009               |   | 2010 |   | 2010(a) |   | 2009  |   | 2010 |   | 2010(a) |   | 2009  |
|                                                   |                     |          |                      |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial                                             |                     |          |                      |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CLL(b)                                                 |                     |          |                      |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Americas                                               | $                        | 86,596   |                      | $      | 99,666             |   | $ | 87,496  |   | $ | 2,571  |   | $ | 3,437  |   | $ | 3,155  |   | $ | 1,287  |   | $ | 1,245  |   | $ | 1,179  |
| Europe                                                 |                     | 37,498   |                      |   | 43,403             |   |   | 41,455  |   |   | 1,241  |   |   | 1,441  |   |   | 1,441  |   |   | 429  |   |   | 575  |   |   | 575  |
| Asia                                                   |                     | 11,943   |                      |   | 13,159             |   |   | 13,202  |   |   | 406  |   |   | 559  |   |   | 576  |   |   | 222  |   |   | 234  |   |   | 244  |
| Other                                                  |                     | 2,626    |                      |   | 2,836              |   |   | 2,836  |   |   | 8  |   |   | 24  |   |   | 24  |   |   | 7  |   |   | 11  |   |   | 11  |
| Total CLL                                              |                     | 138,663  |                      |   | 159,064            |   |   | 144,989  |   |   | 4,226  |   |   | 5,461  |   |   | 5,196  |   |   | 1,945  |   |   | 2,065  |   |   | 2,009  |
|                                                   |                     |          |                      |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Energy                                                 |                     |          |                      |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Financial                                  |                     |          |                      |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      Services                 |                     | 7,011    |                      |   | 7,790              |   |   | 7,790  |   |   | 62  |   |   | 78  |   |   | 78  |   |   | 22  |   |   | 28  |   |   | 28  |
|                                                   |                     |          |                      |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| GECAS(b)                                               |                     | 12,615   |                      |   | 13,254             |   |   | 13,254  |   |   |  –   |   |   | 153  |   |   | 153  |   |   | 20  |   |   | 104  |   |   | 104  |
|                                                   |                     |          |                      |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other(c)                                               |                     | 1,788    |                      |   | 2,614              |   |   | 2,614  |   |   | 102  |   |   | 72  |   |   | 72  |   |   | 58  |   |   | 34  |   |   | 34  |
| Total                                                  |                     |          |                      |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial                                 |                     | 160,077  |                      |   | 182,722            |   |   | 168,647  |   |   | 4,390  |   |   | 5,764  |   |   | 5,499  |   |   | 2,045  |   |   | 2,231  |   |   | 2,175  |
|                                                   |                     |          |                      |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Real Estate                                            |                     |          |                      |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt(d)                                                |                     | 30,249   |                      |   | 36,257             |   |   | 36,565  |   |   | 961  |   |   | 939  |   |   | 939  |   |   | 1,292  |   |   | 1,355  |   |   | 1,358  |
| Business                                               |                     |          |                      |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   properties(e)                              |                     | 9,962    |                      |   | 12,416             |   |   | 8,276  |   |   | 386  |   |   | 419  |   |   | 313  |   |   | 196  |   |   | 181  |   |   | 136  |
| Total Real Estate                                      |                     | 40,211   |                      |   | 48,673             |   |   | 44,841  |   |   | 1,347  |   |   | 1,358  |   |   | 1,252  |   |   | 1,488  |   |   | 1,536  |   |   | 1,494  |
|                                                   |                     |          |                      |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Consumer(b)                                            |                     |          |                      |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-U.S.                                               |                     |          |                      |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   residential                                |                     |          |                      |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     mortgages(f)                   |                     | 45,536   |                      |   | 54,921             |   |   | 54,921  |   |   | 3,812  |   |   | 4,331  |   |   | 4,331  |   |   | 828  |   |   | 926  |   |   | 926  |
| Non-U.S.                                               |                     |          |                      |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     installment                    |                     |          |                      |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|       and revolving      |                     |          |                      |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|         credit |                     | 20,368   |                      |   | 23,443             |   |   | 23,443  |   |   | 290  |   |   | 409  |   |   | 409  |   |   | 945  |   |   | 1,116  |   |   | 1,116  |
| U.S. installment                                       |                     |          |                      |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   and revolving                              |                     |          |                      |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     credit                         |                     | 43,974   |                      |   | 44,008             |   |   | 20,027  |   |   | 1,201  |   |   | 1,624  |   |   | 832  |   |   | 2,333  |   |   | 3,153  |   |   | 1,551  |
| Non-U.S. auto                                          |                     | 8,877    |                      |   | 12,762             |   |   | 12,762  |   |   | 48  |   |   | 66  |   |   | 66  |   |   | 174  |   |   | 303  |   |   | 303  |
| Other                                                  |                     | 8,306    |                      |   | 10,156             |   |   | 10,156  |   |   | 478  |   |   | 610  |   |   | 610  |   |   | 259  |   |   | 291  |   |   | 291  |
| Total Consumer                                         |                     | 127,061  |                      |   | 145,290            |   |   | 121,309  |   |   | 5,829  |   |   | 7,040  |   |   | 6,248  |   |   | 4,539  |   |   | 5,789  |   |   | 4,187  |
| Total                                                  | $                        | 327,349  |                      | $      | 376,685            |   | $ | 334,797  |   | $ | 11,566  |   | $ | 14,162  |   | $ | 12,999  |   | $ | 8,072  |   | $ | 9,556  |   | $ | 7,856  |
|                                                   |                     |          |                      |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                   |                     |          |                      |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a)   | Reflects the effects of our adoption of ASU 2009-16 & 17 on January 1, 2010. See Notes 4 and 16 to the consolidated financial statements in Part II, Item 8. “Financial Statements and Supplementary Data” of this Form 10-K Report. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | During the first quarter of 2010, we transferred the Transportation Financial Services business from GECAS to CLL and the Consumer business in Italy from Consumer to CLL. Prior-period amounts were reclassified to conform to the current-period presentation. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | Primarily consisted of loans and financing leases in former consolidated, liquidating securitization entities, which became wholly owned affiliates in December 2010. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d)   | Financing receivables included $218 million and $317 million of construction loans at December 31, 2010 and December 31, 2009, respectively. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------|

| (e)   | Our Business properties portfolio is underwritten primarily by the credit quality of the borrower and secured by tenant and owner-occupied commercial properties. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (f)   | At December 31, 2010, net of credit insurance, approximately 24% of our secured Consumer non-U.S. residential mortgage portfolio comprised loans with introductory, below market rates that are scheduled to adjust at future dates; with high loan-to-value ratios at inception (greater than 90%); whose terms permitted interest-only payments; or whose terms resulted in negative amortization. At origination, we underwrite loans with an adjustable rate to the reset value. Of these loans, 82% are in our U.K. and France portfolios, which comprise mainly loans with interest-only payments and introductory below market rates, have a delinquency rate of 15%, have a loan-to-value ratio at origination of 75% and have re-indexed loan-to-value ratios of 83% and 60%, respectively. At December 31, 2010, 4% (based on dollar values) of these loans in our U.K. and France portfolios have been restructured. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|                                       | Nonearning financing receivables      |       | Allowance for losses as a percent of |            | Allowance for losses as a percent of |         |
|--------------------------------------------|---------------------------------------|------------|--------------------------------------|-----------------|--------------------------------------|--------------|
|                                       | as a percent of financing receivables |       | nonearning financing receivables     |            | total financing receivables          |         |
|                                       | December 31,                          | January 1, |                                 | December 31,    |                                 | December 31, |   | January 1, |   | December 31, |   | December 31, |   | January 1, |   | December 31, |   |
|                                       | 2010                             |       | 2010(a)                              |            | 2009                            |         | 2010  |   | 2010(a) |   | 2009  |   | 2010  |   | 2010(a) |   | 2009  |   |
|                                       |                                  |       |                                 |            |                                 |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial                                 |                                  |       |                                 |            |                                 |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CLL(b)                                     |                                  |       |                                 |            |                                 |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Americas                                   |  3.0                        | %          |  3.4                       | %               |  3.6                       | %            |  50.1  | % |  36.2  | % |  37.4  | % |  1.5  | % |  1.2  | % |  1.3  | % |
| Europe                                     |  3.3                        |       |                                 |  3.3  |                                 |         |  3.5  |   |   |  34.6  |   |   |  39.9  |   |   |  39.9  |   |   |  1.1  |   |   |  1.3  |   |   |  1.4  |   |
| Asia                                       |  3.4                        |       |                                 |  4.2  |                                 |         |  4.4  |   |   |  54.7  |   |   |  41.9  |   |   |  42.4  |   |   |  1.9  |   |   |  1.8  |   |   |  1.8  |   |
| Other                                      |  0.3                        |       |                                 |  0.8  |                                 |         |  0.8  |   |   |  87.5  |   |   |  45.8  |   |   |  45.8  |   |   |  0.3  |   |   |  0.4  |   |   |  0.4  |   |
| Total CLL                                  |  3.0                        |       |                                 |  3.4  |                                 |         |  3.6  |   |   |  46.0  |   |   |  37.8  |   |   |  38.7  |   |   |  1.4  |   |   |  1.3  |   |   |  1.4  |   |
|                                       |                                  |       |                                 |            |                                 |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Energy                                     |                                  |       |                                 |            |                                 |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Financial                      |                                  |       |                                 |            |                                 |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Services           |  0.9                        |       |                                 |  1.0  |                                 |         |  1.0  |   |   |  35.5  |   |   |  35.9  |   |   |  35.9  |   |   |  0.3  |   |   |  0.4  |   |   |  0.4  |   |
|                                       |                                  |       |                                 |            |                                 |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| GECAS(b)                                   |  -                          |       |                                 |  1.2  |                                 |         |  1.2  |   |   |  -  |   |   |  68.0  |   |   |  68.0  |   |   |  0.2  |   |   |  0.8  |   |   |  0.8  |   |
|                                       |                                  |       |                                 |            |                                 |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other                                      |  5.7                        |       |                                 |  2.8  |                                 |         |  2.8  |   |   |  56.9  |   |   |  47.2  |   |   |  47.2  |   |   |  3.2  |   |   |  1.3  |   |   |  1.3  |   |
|                                       |                                  |       |                                 |            |                                 |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                      |                                  |       |                                 |            |                                 |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Commercial                     |  2.7                        |       |                                 |  3.2  |                                 |         |  3.3  |   |   |  46.6  |   |   |  38.7  |   |   |  39.6  |   |   |  1.3  |   |   |  1.2  |   |   |  1.3  |   |
|                                       |                                  |       |                                 |            |                                 |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Real Estate                                |                                  |       |                                 |            |                                 |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt                                       |  3.2                        |       |                                 |  2.6  |                                 |         |  2.6  |   |   |  134.4  |   |   |  144.3  |   |   |  144.6  |   |   |  4.3  |   |   |  3.7  |   |   |  3.7  |   |
| Business                                   |                                  |       |                                 |            |                                 |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   properties                     |  3.9                        |       |                                 |  3.4  |                                 |         |  3.8  |   |   |  50.8  |   |   |  43.2  |   |   |  43.5  |   |   |  2.0  |   |   |  1.5  |   |   |  1.6  |   |
|                                       |                                  |       |                                 |            |                                 |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Real Estate                          |  3.3                        |       |                                 |  2.8  |                                 |         |  2.8  |   |   |  110.5  |   |   |  113.1  |   |   |  119.3  |   |   |  3.7  |   |   |  3.2  |   |   |  3.3  |   |
|                                       |                                  |       |                                 |            |                                 |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Consumer(b)                                |                                  |       |                                 |            |                                 |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-U.S.                                   |                                  |       |                                 |            |                                 |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   residential                    |                                  |       |                                 |            |                                 |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     mortgages          |  8.4                        |       |                                 |  7.9  |                                 |         |  7.9  |   |   |  21.7  |   |   |  21.4  |   |   |  21.4  |   |   |  1.8  |   |   |  1.7  |   |   |  1.7  |   |
| Non-U.S.                                   |                                  |       |                                 |            |                                 |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   installment and                |                                  |       |                                 |            |                                 |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     revolving          |                                  |       |                                 |            |                                 |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|       credit |  1.4                        |       |                                 |  1.7  |                                 |         |  1.7  |   |   |  325.9  |   |   |  272.9  |   |   |  272.9  |   |   |  4.6  |   |   |  4.8  |   |   |  4.8  |   |
| U.S. installment                           |                                  |       |                                 |            |                                 |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  and revolving                        |                                  |       |                                 |            |                                 |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     credit             |  2.7                        |       |                                 |  3.7  |                                 |         |  4.2  |   |   |  194.3  |   |   |  194.2  |   |   |  186.4  |   |   |  5.3  |   |   |  7.2  |   |   |  7.7  |   |
| Non-U.S. auto                              |  0.5                        |       |                                 |  0.5  |                                 |         |  0.5  |   |   |  362.5  |   |   |  459.1  |   |   |  459.1  |   |   |  2.0  |   |   |  2.4  |   |   |  2.4  |   |
| Other                                      |  5.8                        |       |                                 |  6.0  |                                 |         |  6.0  |   |   |  54.2  |   |   |  47.7  |   |   |  47.7  |   |   |  3.1  |   |   |  2.9  |   |   |  2.9  |   |
|                                       |                                  |       |                                 |            |                                 |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Consumer                             |  4.6                        |       |                                 |  4.8  |                                 |         |  5.2  |   |   |  77.9  |   |   |  82.2  |   |   |  67.0  |   |   |  3.6  |   |   |  4.0  |   |   |  3.5  |   |
|                                       |                                  |       |                                 |            |                                 |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                      |  3.5                        |       |                                 |  3.8  |                                 |         |  3.9  |   |   |  69.8  |   |   |  67.5  |   |   |  60.4  |   |   |  2.5  |   |   |  2.5  |   |   |  2.3  |   |
|                                       |                                  |       |                                 |            |                                 |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                       |                                  |       |                                 |            |                                 |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a)   | Reflects the effects of our adoption of ASU 2009-16 & 17 on January 1, 2010. See Notes 4 and 16 to the consolidated financial statements in Part II, Item 8. “Financial Statements and Supplementary Data” of this Form 10-K Report. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | During the first quarter of 2010, we transferred the Transportation Financial Services business from GECAS to CLL and the Consumer business in Italy from Consumer to CLL. Prior-period amounts were reclassified to conform to the current-period presentation. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

|                      | Nonaccrual  |                 | Nonearning  |
|---------------------------|-------------|----------------------|-------------|
|                      | financing   |                 | financing   |
| (In millions)             | receivables |                 | receivables |
|                      |        |                 |        |   |   |
| December 31, 2010         |        |                 |        |   |   |
|                      |        |                 |        |   |   |
| Commercial                |        |                 |        |   |   |
| CLL                       | $           | 5,246           |        | $ | 4,226  |
| Energy Financial Services |        | 78              |        |   | 62  |
| GECAS                     |        |  –   |        |   |  –   |
| Other                     |        | 139             |        |   | 102  |
| Total Commercial          |        | 5,463           |        |   | 4,390  |
|                      |        |                 |        |   |   |
| Real Estate               |        | 9,719           |        |   | 1,347  |
|                      |        |                 |        |   |   |
| Consumer                  |        | 6,211           |        |   | 5,829  |
| Total                     | $           | 21,393          |        | $ | 11,566  |
|                      |        |                 |        |   |   |

----

| (In millions)                                  | At           |
|------------------------------------------------|--------------|
|                                           | December 31, |   | January 1, |   | December 31, |
|                                           | 2010    |   | 2010(a) |   | 2009  |
| Loans requiring allowance for losses           |         |   |   |   |   |   |   |   |
|    Commercial(b)                | $            | 2,733  |   | $ | 2,853  |   | $ | 2,876  |
|    Real Estate                  |         | 6,812  |   |   | 5,339  |   |   | 5,284  |
|    Consumer                     |         | 2,448  |   |   | 1,300  |   |   | 936  |
| Total loans requiring allowance for losses     |         | 11,993  |   |   | 9,492  |   |   | 9,096  |
|                                           |         |   |   |   |   |   |   |   |
| Loans expected to be fully recoverable         |         |   |   |   |   |   |   |   |
|    Commercial(b)                |         | 3,087  |   |   | 2,232  |   |   | 2,110  |
|    Real Estate                  |         | 3,005  |   |   | 1,284  |   |   | 1,234  |
|    Consumer                     |         | 106  |   |   | 397  |   |   | 397  |
| Total loans expected to be fully recoverable   |         | 6,198  |   |   | 3,913  |   |   | 3,741  |
| Total impaired loans                           | $            | 18,191  |   | $ | 13,405  |   | $ | 12,837  |
|                                           |         |   |   |   |   |   |   |   |
| Allowance for losses (specific reserves)       |         |   |   |   |   |   |   |   |
|    Commercial(b)                | $            | 1,031  |   | $ | 1,031  |   | $ | 1,073  |
|    Real Estate                  |         | 1,150  |   |   | 1,038  |   |   | 1,017  |
|    Consumer                     |         | 555  |   |   | 301  |   |   | 235  |
| Total allowance for losses (specific reserves) | $            | 2,736  |   | $ | 2,370  |   | $ | 2,325  |
|                                           |         |   |   |   |   |   |   |   |
| Average investment during the period           | $            | 15,543  |   |   | (d) |   | $ | 8,462  |
| Interest income earned while impaired(c)       |         | 392  |   |   | (d) |   |   | 219  |
|                                           |         |   |   |   |   |   |   |   |
|                                           |         |   |   |   |   |   |   |   |

| (a)   | Reflects the effects of our adoption of ASU 2009-16 & 17 on January 1, 2010. See Notes 4 and 16 to the consolidated financial statements in Part II, Item 8. “Financial Statements and Supplementary Data” of this Form 10-K Report. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | Includes CLL, Energy Financial Services, GECAS and Other. |
|-----------------|-----------------------------------------------------------|

| (c)   | Recognized principally on a cash basis for the years ended December 31, 2010 and 2009, respectively. |
|-----------------|------------------------------------------------------------------------------------------------------|

| (d)   | Not applicable. |
|-----------------|-----------------|

----

|                              | At           |
|-----------------------------------|--------------|
|                              | December 31, |   | December 31, |
| (In millions)                     | 2010    |   | 2009  |
|                              |         |   |   |   |   |
| Method used to measure impairment |         |   |   |   |   |
| Discounted cash flow              | $            | 7,650  |   | $ | 6,971  |
| Collateral value                  |         | 10,541  |   |   | 5,866  |
| Total                             | $            | 18,191  |   | $ | 12,837  |

|        | December 31, |      | December 31, |   |
|-------------|--------------|-----------|--------------|--------|
|        | 2010    |      | 2009    |   |
|        |         |      |         |   |   |   |
| CLL         |         | 2.1  | %            |   | 3.1  | % |
|        |         |      |         |   |   |   |
| Consumer    |         | 8.1  |         |   | 9.4  |   |
|        |         |      |         |   |   |   |
| Real Estate |         | 4.4  |         |   | 4.3  |   |
|        |         |      |         |   |   |   |

----

----

----

----

| ·   | 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 interest rate profile on our assets. To test the effectiveness of our fixed rate positions, we assumed that, on January 1, 2011, 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 2011. We estimated, based on the year-end 2010 portfolio and holding all other assumptions constant, that our 2011 consolidated earnings would decline by $0.1 billion as a result of this parallel shift in the yield curve. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | 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 2010 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, holding all other assumptions constant. This analysis indicated that there would be an insignificant effect on 2011 earnings of such a shift in exchange rates. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | One group of consolidated entities holds investment securities funded by the issuance of GICs. If the long-term credit rating of GECC were to fall below AA-/Aa3 or its short-term credit rating were to fall below A-1+/P-1, GECC would be required to provide approximately $1.5 billion to such entities as of December 31, 2010, pursuant to letters of credit issued by GECC, as compared to $2.4 billion at December 31, 2009. Furthermore, to the extent that the entities’ liabilities exceed the ultimate value of the proceeds from the sale of its assets and the amount drawn under the letters of credit, GECC is required to provide such excess amount. As of December 31, 2010, the value of these entities’ liabilities was $5.7 billion and the fair value of its assets was $6.0 billion (which included unrealized losses on investment securities of $0.7 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 GECC. If the long-term credit rating of GECC were to fall below AA-/Aa3 or its short-term credit rating were to fall below A-1+/P-1, GECC could be required to provide up to approximately $2.3 billion as of December 31, 2010, to repay holders of GICs, compared to $3.0 billion at December 31, 2009. These obligations are included in long-term borrowings in our Statement of Financial Position in the consolidated financial statements in Part II, Item 8. “Financial Statements and Supplementary Data” of this Form 10-K Report. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | If the short-term credit rating of GECC were reduced below A-1/P-1, GECC would be required to partially cash collateralize certain covered bonds. The maximum amount that would be required to be provided in the event of such a downgrade is determined by contract and amounted to $0.8 billion at both December 31, 2010 and 2009. These obligations are included in long-term borrowings in our Statement of Financial Position in the consolidated financial statements in Part II, Item 8. “Financial Statements and Supplementary Data” of this Form 10-K Report. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Currency translation adjustments decreased shareowner’s equity by $2.7 billion in 2010, increased equity by $2.6 billion in 2009 and decreased equity by $8.7 billion in 2008. 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 2010, the U.S. dollar was stronger against most major currencies, including the pound sterling and the euro and weaker against the Australian dollar, compared with a weaker dollar against those currencies at the end of 2009 and a stronger dollar against those currencies at the end of 2008. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | The change in fair value of investment securities increased shareowner’s equity by an insignificant amount in 2010, reflecting improved market conditions related to U.S. corporate securities and lower market interest rates and adjustments to reflect the effect of the unrealized gains on insurance-related assets and equity. The change in fair value of investment securities increased shareowner’s equity by $2.7 billion and decreased shareholders’ equity by $3.2 billion in 2009 and 2008, respectively. Further information about investment securities is provided in Note 3 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 increased shareowner’s equity by $0.5 billion in 2010, primarily related to the effective portion of the change in fair value of designated interest rate and cross currency hedges and other comprehensive income (OCI) released to earnings to match the underlying forecasted cash flows. The change in the fair value of derivatives designated as cash flow hedges increased equity by $1.4 billion and decreased equity by $2.4 billion in 2009 and 2008, respectively. Further information about the fair value of derivatives is provided in Note 15 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 |
|----------------------------------------------------|------------------------|
|                                               |                   |   |   |   |   |   |   |   |   |   |   |   | 2016 and |
| (In billions)                                      | Total                  |   | 2011  |   | 2012-2013 |   | 2014-2015 |   | thereafter |
|                                               |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Borrowings and bank deposits (Note 8)              | $                      |  470.6  |   | $ |  154.7  |   | $ |  140.6  |   | $ |  56.9  |   | $ |  118.4  |
| Interest on borrowings and                         |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     bank deposits              |                   |  111.4  |   |   |  12.7  |   |   |  17.6  |   |   |  11.6  |   |   |  69.5  |
| Operating lease obligations (Note 13)              |                   |  2.4  |   |   |  0.5  |   |   |  0.8  |   |   |  0.4  |   |   |  0.7  |
| Purchase obligations(a)(b)                         |                   |  24.8  |   |   |  13.5  |   |   |  7.3  |   |   |  3.9  |   |   |  0.1  |
| Insurance liabilities (Note 9)(c)                  |                   |  24.8  |   |   |  2.8  |   |   |  3.8  |   |   |  3.3  |   |   |  14.9  |
| Other liabilities(d)                               |                   |  24.3  |   |   |  19.7  |   |   |  2.8  |   |   |  1.0  |   |   |  0.8  |
| Contractual obligations of                         |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     discontinued operations(e) |                   |  1.9  |   |   |  1.9  |   |   |  –   |   |   |  –   |   |   |  –   |
|                                               |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                               |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a) | Included all take-or-pay arrangements, capital expenditures, contractual commitments to purchase equipment that will be leased to others, contractual commitments related to factoring agreements, 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 18 to the consolidated financial statements in Part II, Item 8. “Financial Statements and Supplementary Data” of this Form 10-K Report. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | Included contracts with reasonably determinable cash flows such as structured settlements, certain property and casualty contracts, and guaranteed investment contracts. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d)   | Included an estimate of future expected funding requirements related to our pension and postretirement benefit plans and included liabilities for unrecognized tax benefits. 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. For further information on certain of these items, see Notes 10 and 15 to the consolidated financial statements in Part II, Item 8. “Financial Statements and Supplementary Data” of this Form 10-K Report. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e)   | Included payments for other liabilities. |
|-----------------|------------------------------------------|

----

----

----

----

----

----

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

| ·   | Ratio of debt to equity at GECC, net of cash and equivalents and with classification of hybrid debt as equity |
|--------------------|---------------------------------------------------------------------------------------------------------------|

| ·   | GE Capital ending net investment (ENI), excluding cash and equivalents, at January 1, 2010 and December 31, 2010 |
|--------------------|------------------------------------------------------------------------------------------------------------------|

----

| December 31 (In millions)                                      | 2010  |          | 2009  |   | 2008          |   | 2007  |               | 2006  |
|----------------------------------------------------------------|------------|---------------|------------|--------|--------------------|--------|------------|--------------------|------------|
|                                                           |       |          |       |   |               |   |       |               |       |   |   |   |   |   |
| Average total GECS shareowner's equity(b)                      | $          | 68,490   |       | $      |  64,690  |   | $          |  56,897  |       | $ |  55,144  |   | $ |  50,769  |
| Less the effects of the average net                            |       |          |       |   |               |   |       |               |       |   |   |   |   |   |
|     investment in discontinued operations  |       |  (5,431) |       |   |  (6,238)      |   |       |  (2,464)      |       |   |  (2,147) |   |   |  (1,058) |
| Average total GECS shareowner's equity,                        |       |          |       |   |               |   |       |               |       |   |   |   |   |   |
|     excluding effects of                   |       |          |       |   |               |   |       |               |       |   |   |   |   |   |
|       discontinued operations(a) | $          | 63,059   |       | $      |  58,452  |   | $          |  54,433  |       | $ |  52,997  |   | $ |  49,711  |
|                                                           |       |          |       |   |               |   |       |               |       |   |   |   |   |   |
|                                                           |       |          |       |   |               |   |       |               |       |   |   |   |   |   |

| (a) | Used for computing return on average shareowner’s equity and return on average total capital invested (ROTC). |
|-----|---------------------------------------------------------------------------------------------------------------------|

| (b) | On an annual basis, calculated using a five-point average. |
|-----|------------------------------------------------------------|

| December 31 (Dollars in millions)                 | 2010  |          | 2009  |
|---------------------------------------------------|------------|---------------|------------|
|                                              |       |          |       |   |   |
| GECC debt                                         | $          | 465,350  |       | $ | 490,707  |
|     Less cash and equivalents |       | 59,553   |       |   | 61,923  |
|     Less hybrid debt          |       | 7,725    |       |   | 7,725  |
|                                              | $          | 398,072  |       | $ | 421,059  |
|                                              |       |          |       |   |   |
| GECC equity                                       | $          | 72,881   |       | $ | 73,718  |
|     Plus hybrid debt          |       | 7,725    |       |   | 7,725  |
|                                              | $          | 80,606   |       | $ | 81,443  |
|                                              |       |          |       |   |   |
| Ratio                                             |       | 4.94:1        |       |   | 5.17:1 |
|                                              |       |          |       |   |   |

----

|                                                                       |         |
|----------------------------------------------------------------------------|--------------|
|                                                                       | December 31, |   | January 1, |
| (In billions)                                                              | 2010    |   | 2010  |
|                                                                       |         |   |   |   |   |
| GECC total assets                                                          | $            | 581.1  |   | $ | 653.6  |
|       Less assets of discontinued operations |         | 5.2  |   |   | 15.1  |
|       Less non-interest bearing liabilities  |         | 38.9  |   |   | 50.3  |
| GE Capital ENI                                                             |         | 537.0  |   |   | 588.2  |
|       Less cash and equivalents              |         | 59.6  |   |   | 61.9  |
| GE Capital ENI, excluding cash and equivalents                             | $            | 477.4  |   | $ | 526.3  |
|                                                                       |         |   |   |   |   |

----

| /s/ Jeffrey R. Immelt                            |   | /s/ Keith S. Sherin                      |
|--------------------------------------------------|--------|------------------------------------------|
| Jeffrey R. Immelt                                |   | Keith S. Sherin                          |
| Chairman of the Board andChief Executive Officer |   | Vice Chairman andChief Financial Officer |

----

----

----

|                                                                                                          |   |
|---------------------------------------------------------------------------------------------------------------|--------|
| For the years ended December 31 (In millions)                                                                 |   | 2010  |   |   | 2009  |   |   | 2008  |
|                                                                                                          |   |   |   |   |   |   |   |   |
| Revenues                                                                                                      |   |   |   |   |   |   |   |   |
| Revenues from services (Note 12)(a)                                                                           | $      |  50,219  |   | $ |  52,037  |   | $ |  68,580  |
| Other-than-temporary impairment on investment securities;                                                     |   |   |   |   |   |   |   |   |
|    Total other-than-temporary impairment on investment securities                              |   |  (460) |   |   |  (674) |   |   |  –   |
|       Less:  Portion of other-than-temporary impairment recognized in |   |   |   |   |   |   |   |   |
|          accumulated other comprehensive income                  |   |  207  |   |   |  325  |   |   |  –   |
|    Net other-than-temporary impairment on investment securities                                |   |   |   |   |   |   |   |   |
|       recognized in earnings                                                    |   |  (253) |   |   |  (349) |   |   |  –   |
| Revenues from services (Note 12)                                                                              |   |  49,966  |   |   |  51,688  |   |   |  68,580  |
| Sales of goods                                                                                                |   |  533  |   |   |  970  |   |   |  1,773  |
|    Total revenues                                                                              |   |  50,499  |   |   |  52,658  |   |   |  70,353  |
|                                                                                                          |   |   |   |   |   |   |   |   |
| Costs and expenses                                                                                            |   |   |   |   |   |   |   |   |
| Interest                                                                                                      |   |  14,956  |   |   |  17,482  |   |   |  24,665  |
| Operating and administrative (Note 13)                                                                        |   |  14,729  |   |   |  14,797  |   |   |  18,580  |
| Cost of goods sold                                                                                            |   |  501  |   |   |  808  |   |   |  1,517  |
| Investment contracts, insurance losses and insurance annuity benefits                                         |   |  3,197  |   |   |  3,193  |   |   |  3,421  |
| Provision for losses on financing receivables (Note 4)                                                        |   |  7,191  |   |   |  10,627  |   |   |  7,233  |
| Depreciation and amortization (Note 5)                                                                        |   |  7,753  |   |   |  8,308  |   |   |  9,319  |
|    Total costs and expenses                                                                    |   |  48,327  |   |   |  55,215  |   |   |  64,735  |
|                                                                                                          |   |   |   |   |   |   |   |   |
| Earnings (loss) from continuing operations before income taxes                                                |   |  2,172  |   |   |  (2,557) |   |   |  5,618  |
| Benefit for income taxes (Note 10)                                                                            |   |  974  |   |   |  3,887  |   |   |  2,325  |
|                                                                                                          |   |   |   |   |   |   |   |   |
| Earnings from continuing operations                                                                           |   |  3,146  |   |   |  1,330  |   |   |  7,943  |
| Earnings (loss) from discontinued operations, net of taxes (Note 2)                                           |   |  (975) |   |   |  100  |   |   |  (657) |
| Net earnings                                                                                                  |   |  2,171  |   |   |  1,430  |   |   |  7,286  |
| Less net earnings attributable to noncontrolling interests                                                    |   |  16  |   |   |  15  |   |   |  231  |
| Net earnings attributable to GECS                                                                             | $      |  2,155  |   | $ |  1,415  |   | $ |  7,055  |
|                                                                                                          |   |   |   |   |   |   |   |   |
| Amounts attributable to GECS                                                                                  |   |   |   |   |   |   |   |   |
| Earnings from continuing operations                                                                           | $      |  3,130  |   | $ |  1,315  |   | $ |  7,712  |
| Earnings (loss) from discontinued operations, net of taxes                                                    |   |  (975) |   |   |  100  |   |   |  (657) |
| Net earnings attributable to GECS                                                                             | $      |  2,155  |   | $ |  1,415  |   | $ |  7,055  |
|                                                                                                          |   |   |   |   |   |   |   |   |
|                                                                                                          |   |   |   |   |   |   |   |   |

| (a)   | Excluding net other-than-temporary impairment on investment securities since April 1, 2009. |
|-----------------|---------------------------------------------------------------------------------------------|

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

----

| (In millions)                                                               | 2010  |               | 2009  |   | 2008          |
|-----------------------------------------------------------------------------|------------|--------------------|------------|--------|--------------------|
|                                                                        |       |               |       |   |               |   |   |   |
| Changes in shareowner's equity (Note 11)                                    |       |               |       |   |               |   |   |   |
| Balance at January 1                                                        | $          |  70,833  |       | $      |  53,279  |   | $ |  57,676  |
| Dividends and other transactions with shareowner                            |       |  85      |       |   |  9,488   |   |   |  3,154  |
| Other comprehensive income (loss)                                           |       |               |       |   |               |   |   |   |
|     Investment securities - net                         |       |  14      |       |   |  2,661   |   |   |  (3,207) |
|     Currency translation adjustments - net              |       |  (2,735)      |       |   |  2,630   |   |   |  (8,730) |
|     Cash flow hedges - net                              |       |  488     |       |   |  1,365   |   |   |  (2,407) |
|     Benefit plans - net                                 |       |  54      |       |   |  (67)         |   |   |  (262) |
|       Total other comprehensive income (loss) |       |  (2,179)      |       |   |  6,589   |   |   |  (14,606) |
| Increases from net earnings attributable to GECS                            |       |  2,155   |       |   |  1,415   |   |   |  7,055  |
| Comprehensive income (loss)                                                 |       |  (24)         |       |   |  8,004   |   |   |  (7,551) |
| Cumulative effect of changes in accounting principles(a)                    |       |  (1,910)      |       |   |  62      |   |   |  –   |
| Balance at December 31                                                      |       |  68,984  |       |   |  70,833  |   |   |  53,279  |
| Noncontrolling interests(b)                                                 |       |  1,164   |       |   |  2,048   |   |   |  2,269  |
| Total equity balance at December 31                                         | $          |  70,148  |       | $      |  72,881  |   | $ |  55,548  |
|                                                                        |       |               |       |   |               |   |   |   |
|                                                                        |       |               |       |   |               |   |   |   |

| (a) | On January 1, 2010, we adopted amendments to ASC 860, Transfers and Servicing, and ASC 810, Consolidation, and recorded a cumulative effect adjustment. See Notes 11 and 17. We adopted amendments to ASC 320, Investments – Debt and Equity Securities, and recorded a cumulative effect adjustment to increase retained earnings as of April 1, 2009. See Notes 3 and 11. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | See Note 11 for an explanation of the changes in noncontrolling interests for 2010 and 2009. |
|-----------------|----------------------------------------------------------------------------------------------|

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

----

| At December 31 (In millions, except share amounts)                                                           | 2010  |                | 2009  |   |
|--------------------------------------------------------------------------------------------------------------|------------|---------------------|------------|--------|
|                                                                                                         |       |                |       |   |   |   |
| Assets                                                                                                       |       |                |       |   |   |   |
| Cash and equivalents                                                                                         | $          |  60,272   |       | $      |  62,584  |   |
| Investment securities (Note 3)                                                                               |       |  43,921   |       |   |  51,315  |   |
| Inventories                                                                                                  |       |  66       |       |   |  71  |   |
| Financing receivables – net (Notes 4 and 16)                                                           |       |  319,277  |       |   |  326,941  |   |
| Other receivables                                                                                            |       |  14,299   |       |   |  18,631  |   |
| Property, plant and equipment – net (Note 5)                                                           |       |  53,770   |       |   |  56,475  |   |
| Goodwill (Note 6)                                                                                            |       |  27,593   |       |   |  28,463  |   |
| Other intangible assets – net (Note 6)                                                                 |       |  1,885    |       |   |  3,301  |   |
| Other assets (Note 7)                                                                                        |       |  79,240   |       |   |  87,340  |   |
| Assets of businesses held for sale (Note 2)                                                                  |       |  3,127    |       |   |  125  |   |
| Assets of discontinued operations (Note 2)                                                                   |       |  5,228    |       |   |  15,078  |   |
| Total assets(a)                                                                                              | $          |  608,678  |       | $      |  650,324  |   |
|                                                                                                         |       |                |       |   |   |   |
| Liabilities and equity                                                                                       |       |                |       |   |   |   |
| Short-term borrowings (Note 8)                                                                               | $          |  118,797  |       | $      |  130,754  |   |
| Accounts payable                                                                                             |       |  7,036    |       |   |  13,099  |   |
| Non-recourse borrowings of consolidated securitization entities (Note 8)                                     |       |  30,060   |       |   |  3,883  |   |
| Bank deposits (Note 8)                                                                                       |       |  37,298   |       |   |  33,519  |   |
| Long-term borrowings (Note 8)                                                                                |       |  284,407  |       |   |  325,429  |   |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 9)                          |       |  29,993   |       |   |  32,009  |   |
| Other liabilities                                                                                            |       |  21,127   |       |   |  23,671  |   |
| Deferred income taxes (Note 10)                                                                              |       |  7,077    |       |   |  6,701  |   |
| Liabilities of businesses held for sale (Note 2)                                                             |       |  592      |       |   |  55  |   |
| Liabilities of discontinued operations (Note 2)                                                              |       |  2,143    |       |   |  8,323  |   |
| Total liabilities(a)                                                                                         |       |  538,530  |       |   |  577,443  |   |
|                                                                                                         |       |                |       |   |   |   |
| Cumulative preferred stock, $10,000 par value (80,000 shares authorized; 51,000 shares                       |       |                |       |   |   |   |
|     issued and held primarily by consolidated affiliates at December 31, 2010 and 2009)  |       |  10       |       |   |  10  |   |
| Common stock, $1,000 par value (1,260 shares authorized at December 31, 2010 and 2009,                       |       |                |       |   |   |   |
|     and 1,062 shares issued and outstanding at December 31, 2010 and 2009, respectively) |       |  1        |       |   |  1  |   |
| Accumulated other comprehensive income – net(b)                                                        |       |                |       |   |   |   |
|    Investment securities                                                                      |       |  (639)         |       |   |  (436) |   |
|    Currency translation adjustments                                                           |       |  (1,411)       |       |   |  1,372  |   |
|    Cash flow hedges                                                                           |       |  (1,281)       |       |   |  (1,769) |   |
|    Benefit plans                                                                              |       |  (380)         |       |   |  (434) |   |
| Additional paid-in capital                                                                                   |       |  27,616   |       |   |  27,581  |   |
| Retained earnings                                                                                            |       |  45,068   |       |   |  44,508  |   |
| Total GECS shareowner's equity                                                                               |       |  68,984   |       |   |  70,833  |   |
| Noncontrolling interests(c)                                                                                  |       |  1,164    |       |   |  2,048  |   |
| Total equity (Note 11)                                                                                       |       |  70,148   |       |   |  72,881  |   |
| Total liabilities and equity                                                                                 | $          |  608,678  |       | $      |  650,324  |   |
|                                                                                                         |       |                |       |   |   |   |
|                                                                                                         |       |                |       |   |   |   |

| (a) | Our consolidated assets at December 31, 2010 include total assets of $48,138 million of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs. These assets include net financing receivables of $38,612 million and investment securities of $6,670 million. Our consolidated liabilities at December 31, 2010 include liabilities of certain VIEs for which the VIE creditors do not have recourse to General Electric Capital Services, Inc. (GECS). These liabilities include non-recourse borrowings of consolidated securitization entities (CSEs) of $29,444 million. See Note 17. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | The sum of accumulated other comprehensive income – net was $(3,711) million and $(1,267) million at December 31, 2010 and 2009, respectively. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | Included accumulated other comprehensive income – net attributable to noncontrolling interests of $(127) million and $(181) million at December 31, 2010 and 2009, respectively. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| For the years ended December 31 (In millions)                                                      | 2010  |                      |   | 2009  |                      |   | 2008  |
|----------------------------------------------------------------------------------------------------|------------|---------------------------|--------|------------|---------------------------|--------|------------|
|                                                                                               |       |                      |   |       |                      |   |       |   |
| Cash flows – operating activities                                                            |       |                      |   |       |                      |   |       |   |
| Net earnings                                                                                       | $          |  2,171          |   | $          | 1,430                |   | $          | 7,286  |
| Less net earnings attributable to noncontrolling interests                                         |       |  16             |   |       |  15             |   |       |  231  |
| Net earnings attributable to GECS                                                                  |       |  2,155          |   |       |  1,415          |   |       |  7,055  |
| (Earnings) loss from discontinued operations                                                       |       |  975            |   |       |  (100)               |   |       |  657  |
| Adjustments to reconcile net earnings attributable to GECS                                         |       |                      |   |       |                      |   |       |   |
|    to cash provided from operating activities                                       |       |                      |   |       |                      |   |       |   |
|       Depreciation and amortization of property, plant and equipment |       |  7,753          |   |       |  8,308          |   |       |  9,319  |
|       Deferred income taxes                                          |       |  1,423          |   |       |  (2,333)             |   |       |  (865) |
|       Decrease (increase) in inventories                             |       |  5              |   |       |  (6)                 |   |       |  (14) |
|       Increase (decrease) in accounts payable                        |       |  (194)               |   |       |  (338)               |   |       |  (1,030) |
|       Provision for losses on financing receivables                       |       |  7,191          |   |       |  10,627         |   |       |  7,233  |
|       All other operating activities (Note 19)                       |       |  1,862          |   |       |  (10,164)            |   |       |  8,650  |
| Cash from (used for) operating activities – continuing operations                            |       |  21,170         |   |       |  7,409          |   |       |  31,005  |
| Cash from (used for) operating activities – discontinued operations                          |       |  331            |   |       |  17             |   |       |  964  |
| Cash from (used for) operating activities                                                          |       |  21,501         |   |       |  7,426          |   |       |  31,969  |
|                                                                                               |       |                      |   |       |                      |   |       |   |
| Cash flows – investing activities                                                            |       |                      |   |       |                      |   |       |   |
| Additions to property, plant and equipment                                                         |       |  (7,674)             |   |       |  (6,443)             |   |       |  (13,321) |
| Dispositions of property, plant and equipment                                                      |       |  7,208          |   |       |  6,478          |   |       |  10,954  |
| Net decrease (increase) in financing receivables (Note 19)                                         |       |  26,298         |   |       |  43,179         |   |       |  (17,034) |
| Proceeds from sales of discontinued operations                                                     |       |  2,510          |   |       |  –   |   |       |  5,220  |
| Proceeds from principal business dispositions                                                      |       |  1,171          |   |       |  9,088          |   |       |  4,928  |
| Payments for principal businesses purchased                                                        |       |  (559)               |   |       |  (7,414)             |   |       |  (24,961) |
| All other investing activities (Note 19)                                                           |       |  7,401          |   |       |  (1,236)             |   |       |  6,452  |
| Cash from (used for) investing activities – continuing operations                            |       |  36,355         |   |       |  43,652         |   |       |  (27,762) |
| Cash from (used for) investing activities – discontinued operations                          |       |  (2,045)             |   |       |  1,553          |   |       |  (1,041) |
| Cash from (used for) investing activities                                                          |       |  34,310         |   |       |  45,205         |   |       |  (28,803) |
|                                                                                               |       |                      |   |       |                      |   |       |   |
| Cash flows – financing activities                                                            |       |                      |   |       |                      |   |       |   |
| Net increase (decrease) in borrowings (maturities of 90 days or less)                              |       |  (652)               |   |       |  (27,256)            |   |       |  (45,572) |
| Net increase (decrease) in bank deposits                                                           |       |  4,603          |   |       |  (3,784)             |   |       |  20,623  |
| Newly issued debt (maturities longer than 90 days) (Note19)                                        |       |  37,970         |   |       |  81,065         |   |       |  116,172  |
| Repayments and other debt reductions (maturities longer than 90 days) (Note 19)                    |       |  (97,600)            |   |       |  (83,341)            |   |       |  (67,057) |
| Dividends paid to shareowner                                                                       |       |  –   |   |       |  –   |   |       |  (2,351) |
| Capital contributions from GE                                                                      |       |  –   |   |       |  9,500          |   |       |  5,500  |
| Purchases of subsidiary shares from noncontrolling interests                                       |       |  (633)               |   |       |  –   |   |       |  –   |
| All other financing activities (Note 19)                                                           |       |  (3,317)             |   |       |  (2,691)             |   |       |  (1,862) |
| Cash from (used for) financing activities – continuing operations                            |       |  (59,629)            |   |       |  (26,507)            |   |       |  25,453  |
| Cash from (used for) financing activities – discontinued operations                          |       |  (116)               |   |       |  131            |   |       |  (59) |
| Cash from (used for) financing activities                                                          |       |  (59,745)            |   |       |  (26,376)            |   |       |  25,394  |
|                                                                                               |       |                      |   |       |                      |   |       |   |
| Effect of currency exchange rate changes on cash and equivalents                                   |       |  (208)               |   |       |  619            |   |       |  (633) |
|                                                                                               |       |                      |   |       |                      |   |       |   |
| Increase (decrease) in cash and equivalents                                                        |       |  (4,142)             |   |       |  26,874         |   |       |  27,927  |
| Cash and equivalents at beginning of year                                                          |       |  64,540         |   |       |  37,666         |   |       |  9,739  |
| Cash and equivalents at end of year                                                                |       |  60,398         |   |       |  64,540         |   |       |  37,666  |
| Less cash and equivalents of discontinued operations at end of year                                |       |  126            |   |       |  1,956          |   |       |  255  |
| Cash and equivalents of continuing operations at end of year                                       | $          |  60,272         |   | $          |  62,584         |   | $          |  37,411  |
|                                                                                               |       |                      |   |       |                      |   |       |   |
| Supplemental disclosure of cash flows information                                                  |       |                      |   |       |                      |   |       |   |
| Cash paid during the year for interest                                                             | $          |  (16,401)            |   | $          |  (18,833)            |   | $          |  (24,663) |
| Cash recovered (paid) during the year for income taxes                                             |       |  104            |   |       |  543            |   |       |  (610) |
|                                                                                               |       |                      |   |       |                      |   |       |   |
|                                                                                               |       |                      |   |       |                      |   |       |   |

----

----

----

----

----

----

----

| 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 are unobservable. |
|---------------------------------------|-------------------------------------------------------------|

----

----

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

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

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

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

----

| ·   | Upon gaining control of an entity in which an equity method or cost basis investment was held, the carrying value of that investment is adjusted to fair value with the related gain or loss recorded in earnings. Previously, this fair value adjustment would not have been made. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|  December 31 (In millions)         |       |              |       |
|-----------------------------------------|------------|-------------------|------------|
|                                    | 2010  |              | 2009  |
| Assets                                  |       |              |       |   |   |
| Financing receivables - net             | $          |  1,917  |       | $ |  42  |
| Intangible assets - net                 |       |  187    |       |   |  10  |
| Other                                   |       |  1,023  |       |   |  73  |
| Assets of businesses held for sale      | $          |  3,127  |       | $ |  125  |
|                                    |       |              |       |   |   |
| Liabilities                             |       |              |       |   |   |
| Liabilities of businesses held for sale | $          |  592    |       | $ |  55  |
|                                    |       |              |       |   |   |

|  (In millions)                                              |       |           |       |   |                 |
|------------------------------------------------------------------|------------|----------------|------------|--------|----------------------|
|                                                             | 2010  |           | 2009  |   | 2008            |
| Operations                                                       |       |           |       |   |                 |   |   |   |
| Total revenues                                                   | $          | 1,417     |       | $      | 1,501           |   | $ | 1,626  |
|                                                             |       |           |       |   |                 |   |   |   |
| Earnings (loss) from discontinued operations before income taxes | $          |  97  |       | $      |  207       |   | $ |  (560) |
| Benefit (provision) for income taxes                             |       | 112       |       |   | (22)                 |   |   | 263  |
| Earnings (loss) from discontinued operations, net of taxes       | $          | 209       |       | $      | 185             |   | $ | (297) |
|                                                             |       |           |       |   |                 |   |   |   |
| Disposal                                                         |       |           |       |   |                 |   |   |   |
| Loss on disposal before income taxes                             | $          | (1,420)        |       | $      | (178)                |   | $ | (1,479) |
| Benefit for income taxes                                         |       | 236       |       |   | 93              |   |   | 1,119  |
| Loss on disposal, net of taxes                                   | $          | (1,184)        |       | $      | (85)                 |   | $ | (360) |
|                                                             |       |           |       |   |                 |   |   |   |
| Earnings (loss) from discontinued operations, net of taxes       | $          | (975)          |       | $      | 100             |   | $ | (657) |
|                                                             |       |           |       |   |                 |   |   |   |
|  December 31 (In millions)                                  |       |           |       |   |                 |
|                                                             |       |           | 2010  |   | 2009            |
|                                                             |       |           |       |   |                 |   |   |   |
| Assets                                                           |       |           |       |   |                 |   |   |   |
| Financing receivables - net                                      |       |           |       | $      | 3,546           |   | $ | 9,985  |
| Cash and equivalents                                             |       |           |       |   | 126             |   |   | 1,956  |
| Intangible assets                                                |       |           |       |   | 8               |   |   | 676  |
| Investment securities                                            |       |           |       |   | –    |   |   | 598  |
| All other assets                                                 |       |           |       |   | 1,548           |   |   | 1,863  |
| Assets of discontinued operations                                |       |           |       | $      | 5,228           |   | $ | 15,078  |
|                                                             |       |           |       |   |                 |   |   |   |
|  December 31 (In millions)                                  |       |           |       |   |                 |
|                                                             |       |           | 2010  |   | 2009            |
|                                                             |       |           |       |   |                 |   |   |   |
| Liabilities                                                      |       |           |       |   |                 |   |   |   |
| Short-term borrowings                                            |       |           |       | $      |  –   |   | $ | 5,314  |
| Long-term borrowings                                             |       |           |       |   |  –   |   |   | 1,434  |
| All other liabilities                                            |       |           |       |   | 2,143           |   |   | 1,575  |
| Liabilities of discontinued operations                           |       |           |       | $      | 2,143           |   | $ | 8,323  |
|                                                             |       |           |       |   |                 |   |   |   |

----

----

----

|                                                           | 2010  |         | 2009  |
|----------------------------------------------------------------|------------|--------------|------------|
|                                                           |       |         | Gross      |   | Gross |   |   |   |   |   | Gross |   | Gross |   |   |
|                                                           | Amortized  |         | unrealized |   | unrealized |   | Estimated |   | Amortized |   | unrealized |   | unrealized |   | Estimated |
| December 31 (In millions)                                      | cost       |         | gains      |   | losses |   | fair value |   | cost |   | gains |   | losses |   | fair value |
|                                                           |       |         |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                           |       |         |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt                                                           |       |         |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    U.S. corporate                               | $          | 21,224  |       | $ | 1,582  |   | $ | (234) |   | $ | 22,572  |   | $ | 22,413  |   | $ | 956  |   | $ | (728) |   | $ | 22,641  |
|    State and municipal                          |       | 2,904   |       |   | 46  |   |   | (226) |   |   | 2,724  |   |   | 2,621  |   |   | 42  |   |   | (269) |   |   | 2,394  |
|    Residential                                  |       |         |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        mortgage-backed(a)   |       | 3,084   |       |   | 102  |   |   | (377) |   |   | 2,809  |   |   | 4,005  |   |   | 79  |   |   | (766) |   |   | 3,318  |
|    Commercial                                   |       |         |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        mortgage-backed      |       | 2,883   |       |   | 169  |   |   | (128) |   |   | 2,924  |   |   | 3,057  |   |   | 89  |   |   | (441) |   |   | 2,705  |
|    Asset-backed                                 |       | 3,407   |       |   | 16  |   |   | (193) |   |   | 3,230  |   |   | 2,990  |   |   | 48  |   |   | (304) |   |   | 2,734  |
|    Corporate – non-U.S.                   |       | 2,880   |       |   | 118  |   |   | (131) |   |   | 2,867  |   |   | 2,003  |   |   | 75  |   |   | (55) |   |   | 2,023  |
|    Government – non-U.S.                  |       | 2,242   |       |   | 82  |   |   | (58) |   |   | 2,266  |   |   | 2,621  |   |   | 57  |   |   | (27) |   |   | 2,651  |
|    U.S. government and                          |       |         |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|         federal agency |       | 3,358   |       |   | 57  |   |   | (47) |   |   | 3,368  |   |   | 2,526  |   |   | 46  |   |   | –   |   |   | 2,572  |
| Retained interests(b)                                          |       | 55      |       |   | 10  |   |   | (26) |   |   | 39  |   |   | 8,479  |   |   | 392  |   |   | (40) |   |   | 8,831  |
| Equity                                                         |       |         |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Available-for-sale                           |       | 500     |       |   | 213  |   |   | (8) |   |   | 705  |   |   | 489  |   |   | 242  |   |   | (5) |   |   | 726  |
|    Trading                                      |       | 417     |       |   | –   |   |   | –   |   |   | 417  |   |   | 720  |   |   | –   |   |   | –   |   |   | 720  |
| Total                                                          | $          | 42,954  |       | $ | 2,395  |   | $ | (1,428) |   | $ | 43,921  |   | $ | 51,924  |   | $ | 2,026  |   | $ | (2,635) |   | $ | 51,315  |
|                                                           |       |         |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                           |       |         |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a) | Substantially collateralized by U.S. mortgages. Of our total residential mortgage-backed securities (RMBS) portfolio at December 31, 2010, $1,318 million relates to securities issued by government-sponsored entities and $1,491 million relates to securities of private label issuers. Securities issued by private label issuers are collateralized primarily by pools of individual direct mortgage loans of financial institutions. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Included $1,918 million of retained interests at December 31, 2009 accounted for at fair value in accordance with ASC 815, Derivatives and Hedging. See Note 17. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                 | In loss position for |                |
|------------------------------------------------------|----------------------|---------------------|
|                                                 | Less than 12 months  |                | 12 months or more |   |
|                                                 |                 |                | Gross |  (a) |   |   | Gross | (a) |
|                                                 | Estimated            | unrealized          | Estimated | unrealized |
| December 31 (In millions)                            | fair value           | losses              | fair value | losses |
|                                                 |                 |                |   |   |   |   |   |   |   |   |   |   |
| 2010                                            |                 |                |   |   |   |   |   |   |   |   |   |   |
| Debt                                                 |                 |                |   |   |   |   |   |   |   |   |   |   |
|    U.S. corporate                     | $                    | 2,181          |   | $ | (78) |   | $ | 1,519  |   | $ | (156) |   |
|    State and municipal                |                 | 920            |   |   | (31) |   |   | 570  |   |   | (195) |   |
|    Residential mortgage-backed        |                 | 102            |   |   | (3) |   |   | 1,024  |   |   | (374) |   |
|    Commercial mortgage-backed         |                 | 174            |   |   | (2) |   |   | 817  |   |   | (126) |   |
|    Asset-backed                       |                 | 113            |   |   | (5) |   |   | 910  |   |   | (188) |   |
|    Corporate – non-U.S.         |                 | 386            |   |   | (11) |   |   | 804  |   |   | (120) |   |
|    Government – non-U.S.        |                 | 661            |   |   | (6) |   |   | 107  |   |   | (52) |   |
|    U.S. government and federal agency |                 | 1,822          |   |   | (47) |   |   | –   |   |   | –   |   |
| Retained interests                                   |                 | –   |   |   | –   |   |   | 34  |   |   | (26) |   |
| Equity                                               |                 | 49             |   |   | (8) |   |   | –   |   |   | –   |   |
| Total                                                | $                    | 6,408          |   | $ | (191) |   | $ | 5,785  |   | $ | (1,237) |   |
|                                                 |                 |                |   |   |   |   |   |   |   |   |   |   |
| 2009                                            |                 |                |   |   |   |   |   |   |   |   |   |   |
| Debt                                                 |                 |                |   |   |   |   |   |   |   |   |   |   |
|    U.S. corporate                     | $                    | 2,773          |   | $ | (76) |   | $ | 4,785  |   | $ | (652) |   |
|    State and municipal                |                 | 937            |   |   | (141) |   |   | 575  |   |   | (128) |   |
|    Residential mortgage-backed        |                 | 118            |   |   | (14) |   |   | 1,678  |   |   | (752) |   |
|    Commercial mortgage-backed         |                 | 167            |   |   | (5) |   |   | 1,296  |   |   | (436) |   |
|    Asset-backed                       |                 | 126            |   |   | (11) |   |   | 1,339  |   |   | (293) |   |
|    Corporate – non-U.S.         |                 | 371            |   |   | (18) |   |   | 536  |   |   | (37) |   |
|    Government – non-U.S.        |                 | 325            |   |   | (2) |   |   | 224  |   |   | (25) |   |
|    U.S. government and federal agency |                 | –   |   |   | –   |   |   | –   |   |   | –   |   |
| Retained interests                                   |                 | 208            |   |   | (16) |   |   | 27  |   |   | (24) |   |
| Equity                                               |                 | 92             |   |   | (2) |   |   | 10  |   |   | (3) |   |
| Total                                                | $                    | 5,117          |   | $ | (285) |   | $ | 10,470  |   | $ | (2,350) |   |
|                                                 |                 |                |   |   |   |   |   |   |   |   |   |   |
|                                                 |                 |                |   |   |   |   |   |   |   |   |   |   |

| (a)   | At December 31, 2010, other-than-temporary impairments previously recognized through other comprehensive income (OCI) on securities still held amounted to $(478) million, of which $(368) million related to RMBS. Gross unrealized losses related to those securities at December 31, 2010 amounted to $(328) million, of which $(232) million related to RMBS. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|                                   | Amortized |               | Estimated  |
|----------------------------------------|-----------|--------------------|------------|
| (In millions)                          | cost      |               | fair value |
|                                   |      |               |       |   |   |
| Due in                                 |      |               |       |   |   |
|     2011           | $         |  3,072   |       | $ |  3,169  |
|     2012-2015      |      |  7,433   |       |   |  7,683  |
|     2016-2020      |      |  4,371   |       |   |  4,516  |
|     2021 and later |      |  17,732  |       |   |  18,429  |
|                                   |      |               |       |   |   |

| (In millions)                 | 2010  |            | 2009  |   | 2008  |
|-------------------------------|------------|-----------------|------------|--------|------------|
|                          |       |            |       |   |       |   |   |   |
| Gains                         | $          |  190  |       | $      | 164   |   | $ |  212  |
| Losses, including impairments |       |  (281)     |       |   | (637)      |   |   |  (1,472) |
|     Net   | $          |  (91)      |       | $      | (473)      |   | $ |  (1,260) |
|                          |       |            |       |   |       |   |   |   |
|                          |       |            |       |   |       |   |   |   |

----

|                                                   | At           |
|--------------------------------------------------------|--------------|
|                                                   | December 31, |   | January 1, |   | December 31, |
| (In millions)                                          | 2010    |   | 2010(a) |   | 2009  |
|                                                   |         |   |   |   |   |   |   |   |
| Loans, net of deferred income(b)                       | $            | 281,639  |   | $ | 321,589  |   | $ | 280,465  |
| Investment in financing leases, net of deferred income |         | 45,710  |   |   | 55,096  |   |   | 54,332  |
|                                                   |         | 327,349  |   |   | 376,685  |   |   | 334,797  |
| Less allowance for losses                              |         | (8,072) |   |   | (9,556) |   |   | (7,856) |
| Financing receivables – net(c)                   | $            | 319,277  |   | $ | 367,129  |   | $ | 326,941  |
|                                                   |         |   |   |   |   |   |   |   |
|                                                   |         |   |   |   |   |   |   |   |

| (a)   | Reflects the effects of our adoption of ASU 2009-16 & 17 on January 1, 2010. |
|-----------------|----------------------------------------------------------------------------------|

| (b)   | Excludes deferred income of $2,328 million and $2,338 million at December 31, 2010 and December 31, 2009, respectively. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------|

| (c)   | Financing receivables at December 31, 2010 and December 31, 2009 included $1,503 million and $2,635 million, respectively, relating to loans that had been acquired in a transfer but have been subject to credit deterioration since origination per ASC 310, Receivables. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                     | Total financing leases |         | Direct financing leases(a) |   | Leveraged leases(b) |
|----------------------------------------------------------|------------------------|--------------|----------------------------|--------|---------------------|
| December 31 (In millions)                                | 2010              |         | 2009                  |   | 2010           |   | 2009  |   | 2010  |   | 2009  |
|                                                     |                   |         |                       |   |                |   |   |   |   |   |   |   |   |   |   |   |   |
| Total minimum lease payments receivable                  | $                      | 53,677  |                       | $      | 63,997         |   | $ | 41,534  |   | $ | 49,985  |   | $ | 12,143  |   | $ | 14,012  |
|  Less principal and interest on third-party         |                   |         |                       |   |                |   |   |   |   |   |   |   |   |   |   |   |   |
|     non-recourse debt                |                   | (8,110)      |                       |   | (9,660)             |   |   |  –   |   |   |  –   |   |   | (8,110) |   |   | (9,660) |
| Net rentals receivables                                  |                   | 45,567  |                       |   | 54,337         |   |   | 41,534  |   |   | 49,985  |   |   | 4,033  |   |   | 4,352  |
| Estimated unguaranteed residual value of                 |                   |         |                       |   |                |   |   |   |   |   |   |   |   |   |   |   |   |
|     leased assets                    |                   | 8,496   |                       |   | 9,604          |   |   | 5,992  |   |   | 6,815  |   |   | 2,504  |   |   | 2,789  |
| Less deferred income                                     |                   | (8,353)      |                       |   | (9,609)             |   |   | (6,616) |   |   | (7,630) |   |   | (1,737) |   |   | (1,979) |
| Investment in financing leases, net of                   |                   |         |                       |   |                |   |   |   |   |   |   |   |   |   |   |   |   |
|     deferred income                  |                   | 45,710  |                       |   | 54,332         |   |   | 40,910  |   |   | 49,170  |   |   | 4,800  |   |   | 5,162  |
| Less amounts to arrive at net investment                 |                   |         |                       |   |                |   |   |   |   |   |   |   |   |   |   |   |   |
|       Allowance for losses |                   | (402)        |                       |   | (654)               |   |   | (384) |   |   | (534) |   |   | (18) |   |   | (120) |
|       Deferred taxes       |                   | (6,168)      |                       |   | (6,210)             |   |   |  (2,266) |   |   | (2,485) |   |   |  (3,902) |   |   | (3,725) |
| Net investment in financing leases                       | $                      | 39,140  |                       | $      | 47,468         |   | $ | 38,260  |   | $ | 46,151  |   | $ | 880  |   | $ | 1,317  |
|                                                     |                   |         |                       |   |                |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                     |                   |         |                       |   |                |   |   |   |   |   |   |   |   |   |   |   |   |

| (a) | Included $520 million and $599 million of initial direct costs on direct financing leases at December 31, 2010 and 2009, respectively. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Included pre-tax income of $133 million and $164 million and income tax of $51 million and $64 million during 2010 and 2009, respectively. Net investment credits recognized on leveraged leases during 2010 and 2009 were insignificant. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                             | Total  |          | Net rentals |
|--------------------------------------------------|--------|---------------|-------------|
| (In millions)                                    | loans  |          | receivable  |
|                                             |   |          |        |   |   |
| Due in                                           |   |          |        |   |   |
|     2011                     | $      | 67,741   |        | $ | 13,978  |
|     2012                     |   | 29,947   |        |   | 8,921  |
|     2013                     |   | 22,877   |        |   | 6,961  |
|     2014                     |   | 21,074   |        |   | 4,610  |
|     2015                     |   | 15,280   |        |   | 3,043  |
|     2016 and later           |   | 73,296   |        |   | 8,054  |
|                                             |   | 230,215  |        |   | 45,567  |
|     Consumer revolving loans |   | 51,424   |        |   | –  |
| Total                                            | $      | 281,639  |        | $ | 45,567  |
|                                             |   |          |        |   |   |

----

|                                      | December 31, |          | January 1, |   | December 31,  |
|-------------------------------------------|--------------|---------------|------------|--------|---------------|
| (In millions)                             | 2010    |          | 2010(a)    |   | 2009     |
|                                      |         |          |       |   |          |   |   |   |
| CLL(b)                                    |         |          |       |   |          |   |   |   |
| Americas                                  | $            | 86,596   |       | $      | 99,666   |   | $ | 87,496  |
| Europe                                    |         | 37,498   |       |   | 43,403   |   |   | 41,455  |
| Asia                                      |         | 11,943   |       |   | 13,159   |   |   | 13,202  |
| Other                                     |         | 2,626    |       |   | 2,836    |   |   | 2,836  |
| Total CLL                                 |         | 138,663  |       |   | 159,064  |   |   | 144,989  |
|                                      |         |          |       |   |          |   |   |   |
| Energy Financial Services                 |         | 7,011    |       |   | 7,790    |   |   | 7,790  |
|                                      |         |          |       |   |          |   |   |   |
| GECAS(b)                                  |         | 12,615   |       |   | 13,254   |   |   | 13,254  |
|                                      |         |          |       |   |          |   |   |   |
| Other(c)                                  |         | 1,788    |       |   | 2,614    |   |   | 2,614  |
| Total Commercial Financing Receivables    |         | 160,077  |       |   | 182,722  |   |   | 168,647  |
|                                      |         |          |       |   |          |   |   |   |
| Real Estate                               |         |          |       |   |          |   |   |   |
| Debt                                      |         | 30,249   |       |   | 36,257   |   |   | 36,565  |
| Business properties                       |         | 9,962    |       |   | 12,416   |   |   | 8,276  |
| Total Real Estate Financing Receivables   |         | 40,211   |       |   | 48,673   |   |   | 44,841  |
|                                      |         |          |       |   |          |   |   |   |
| Consumer(b)                               |         |          |       |   |          |   |   |   |
| Non-U.S. residential mortgages            |         | 45,536   |       |   | 54,921   |   |   | 54,921  |
| Non-U.S. installment and revolving credit |         | 20,368   |       |   | 23,443   |   |   | 23,443  |
| U.S. installment and revolving credit     |         | 43,974   |       |   | 44,008   |   |   | 20,027  |
| Non-U.S. auto                             |         | 8,877    |       |   | 12,762   |   |   | 12,762  |
| Other                                     |         | 8,306    |       |   | 10,156   |   |   | 10,156  |
| Total Consumer Financing Receivables      |         | 127,061  |       |   | 145,290  |   |   | 121,309  |
|                                      |         |          |       |   |          |   |   |   |
| Total Financing Receivables               |         | 327,349  |       |   | 376,685  |   |   | 334,797  |
|                                      |         |          |       |   |          |   |   |   |
| Less allowance for losses                 |         | (8,072)       |       |   | (9,556)       |   |   | (7,856) |
| Total Financing Receivables – net   | $            | 319,277  |       | $      | 367,129  |   | $ | 326,941  |
|                                      |         |          |       |   |          |   |   |   |
|                                      |         |          |       |   |          |   |   |   |

| (a) | Reflects the effects of our adoption of ASU 2009-16 & 17 on January 1, 2010. |
|-----|----------------------------------------------------------------------------------|

| (b) | During the first quarter of 2010, we transferred the Transportation Financial Services business from GECAS to CLL and the Consumer business in Italy from Consumer to CLL. Prior-period amounts were reclassified to conform to the current-period presentation. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | Primarily consisted of loans and financing leases in former consolidated, liquidating, securitization entities, which became wholly owned affiliates in December 2010. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                   | Balance      |        | Adoption of    |   | Balance       |   | Provision  |        |     |   |          |   |          |          | Balance      |
|----------------------------------------|--------------|-------------|----------------|--------|---------------|--------|------------|-------------|----------|--------|---------------|--------|---------------|---------------|--------------|
|                                   | December 31, |        | ASU 2009       |   | January 1,    |   | charged to |        |     |   | Gross         |   |          |          | December 31, |
| (In millions)                          | 2009         |        | 16 & 17(a) |   | 2010          |   | operations |        | Other(b) |   | write-offs(c) |   | Recoveries(c) |          | 2010         |
|                                   |         |        |           |   |          |   |       |        |     |   |          |   |          |          |         |   |   |   |   |   |   |   |   |
| Commercial                             |         |        |           |   |          |   |       |        |     |   |          |   |          |          |         |   |   |   |   |   |   |   |   |
| CLL(d)                                 |         |        |           |   |          |   |       |        |     |   |          |   |          |          |         |   |   |   |   |   |   |   |   |
| Americas                               | $            | 1,179  |           | $      | 66       |   | $          | 1,245  |     | $      | 1,058    |   | $             | (10)          |         | $ | (1,136) |   | $ | 130  |   | $ | 1,287  |
| Europe                                 |         | 575    |           |   | –  |   |       | 575    |     |   | 272      |   |          | (40)          |         |   | (440) |   |   | 62  |   |   | 429  |
| Asia                                   |         | 244    |           |   | (10)          |   |       | 234    |     |   | 153      |   |          | (6)           |         |   | (181) |   |   | 22  |   |   | 222  |
| Other                                  |         | 11     |           |   | –  |   |       | 11     |     |   | (4)           |   |          | 1        |         |   | (1) |   |   | –  |   |   | 7  |
| Total CLL                              |         | 2,009  |           |   | 56       |   |       | 2,065  |     |   | 1,479    |   |          | (55)          |         |   | (1,758) |   |   | 214  |   |   | 1,945  |
|                                   |         |        |           |   |          |   |       |        |     |   |          |   |          |          |         |   |   |   |   |   |   |   |   |
|                                   |         |        |           |   |          |   |       |        |     |   |          |   |          |          |         |   |   |   |   |   |   |   |   |
| Energy Financial                       |         |        |           |   |          |   |       |        |     |   |          |   |          |          |         |   |   |   |   |   |   |   |   |
|     Services       |         | 28     |           |   | –  |   |       | 28     |     |   | 65       |   |          | –  |         |   | (72) |   |   | 1  |   |   | 22  |
|                                   |         |        |           |   |          |   |       |        |     |   |          |   |          |          |         |   |   |   |   |   |   |   |   |
| GECAS(d)                               |         | 104    |           |   | –  |   |       | 104    |     |   | 12       |   |          | –  |         |   | (96) |   |   | –  |   |   | 20  |
|                                   |         |        |           |   |          |   |       |        |     |   |          |   |          |          |         |   |   |   |   |   |   |   |   |
| Other                                  |         | 34     |           |   | –  |   |       | 34     |     |   | 32       |   |          | –  |         |   | (9) |   |   | 1  |   |   | 58  |
| Total Commercial                       |         | 2,175  |           |   | 56       |   |       | 2,231  |     |   | 1,588    |   |          | (55)          |         |   | (1,935) |   |   | 216  |   |   | 2,045  |
|                                   |         |        |           |   |          |   |       |        |     |   |          |   |          |          |         |   |   |   |   |   |   |   |   |
| Real Estate                            |         |        |           |   |          |   |       |        |     |   |          |   |          |          |         |   |   |   |   |   |   |   |   |
| Debt                                   |         | 1,358  |           |   | (3)           |   |       | 1,355  |     |   | 764      |   |          | 9        |         |   | (838) |   |   | 2  |   |   | 1,292  |
| Business properties                    |         | 136    |           |   | 45       |   |       | 181    |     |   | 146      |   |          | (7)           |         |   | (126) |   |   | 2  |   |   | 196  |
| Total Real Estate                      |         | 1,494  |           |   | 42       |   |       | 1,536  |     |   | 910      |   |          | 2        |         |   | (964) |   |   | 4  |   |   | 1,488  |
|                                   |         |        |           |   |          |   |       |        |     |   |          |   |          |          |         |   |   |   |   |   |   |   |   |
| Consumer(d)                            |         |        |           |   |          |   |       |        |     |   |          |   |          |          |         |   |   |   |   |   |   |   |   |
| Non-U.S. residential                   |         |        |           |   |          |   |       |        |     |   |          |   |          |          |         |   |   |   |   |   |   |   |   |
|    mortgages            |         | 926    |           |   | –  |   |       | 926    |     |   | 272      |   |          | (40)          |         |   | (408) |   |   | 78  |   |   | 828  |
| Non-U.S. installment                   |         |        |           |   |          |   |       |        |     |   |          |   |          |          |         |   |   |   |   |   |   |   |   |
|    and revolving credit |         | 1,116  |           |   | –  |   |       | 1,116  |     |   | 1,053    |   |          | (70)          |         |   | (1,745) |   |   | 591  |   |   | 945  |
| U.S. installment and                   |         |        |           |   |          |   |       |        |     |   |          |   |          |          |         |   |   |   |   |   |   |   |   |
|    revolving credit     |         | 1,551  |           |   | 1,602    |   |       | 3,153  |     |   | 3,018    |   |          | (6)           |         |   | (4,300) |   |   | 468  |   |   | 2,333  |
| Non-U.S. auto                          |         | 303    |           |   | –  |   |       | 303    |     |   | 85       |   |          | (60)          |         |   | (324) |   |   | 170  |   |   | 174  |
| Other                                  |         | 291    |           |   | –  |   |       | 291    |     |   | 265      |   |          | 7        |         |   | (394) |   |   | 90  |   |   | 259  |
| Total Consumer                         |         | 4,187  |           |   | 1,602    |   |       | 5,789  |     |   | 4,693    |   |          | (169)         |         |   | (7,171) |   |   | 1,397  |   |   | 4,539  |
| Total                                  | $            | 7,856  |           | $      | 1,700    |   | $          | 9,556  |     | $      | 7,191    |   | $             | (222)         |         | $ | (10,070) |   | $ | 1,617  |   | $ | 8,072  |
|                                   |         |        |           |   |          |   |       |        |     |   |          |   |          |          |         |   |   |   |   |   |   |   |   |
|                                   |         |        |           |   |          |   |       |        |     |   |          |   |          |          |         |   |   |   |   |   |   |   |   |

| (a) | Reflects the effects of our adoption of ASU 2009-16 & 17 on January 1, 2010. |
|-----|----------------------------------------------------------------------------------|

| (b) | Other primarily included the effects of currency exchange. |
|-----|------------------------------------------------------------|

| (c) | Net write-offs (write-offs less recoveries) in certain portfolios may exceed the beginning allowance for losses as our revolving credit portfolios turn over more than once per year or, in all portfolios, can reflect losses that are incurred subsequent to the beginning of the fiscal year due to information becoming available during the current year, which may identify further deterioration on existing financing receivables. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | During the first quarter of 2010, we transferred the Transportation Financial Services business from GECAS to CLL and the Consumer business in Italy from Consumer to CLL. Prior-period amounts were reclassified to conform to the current-period presentation. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                   | Balance    |        | Provision  |   |         |   |       |                 |       |   | Balance      |
|----------------------------------------|------------|-------------|------------|--------|--------------|--------|------------|----------------------|------------|--------|--------------|
|                                   | January 1, |        | charged to |   |         |   | Gross      |                 |       |   | December 31, |
| (In millions)                          | 2009  |        | operations |   | Other        | (a)    | write-offs | (b)                  | Recoveries | (b)    | 2009    |
|                                   |       |        |       |   |         |   |       |                 |       |   |         |   |   |   |   |   |   |
| Commercial                             |       |        |       |   |         |   |       |                 |       |   |         |   |   |   |   |   |   |
| CLL(c)                                 |       |        |       |   |         |   |       |                 |       |   |         |   |   |   |   |   |   |
| Americas                               | $          | 843    |       | $      | 1,399   |   | $          | (39)                 |       | $      | (1,117)      |   | $ | 93  |   | $ | 1,179  |
| Europe                                 |       | 311    |       |   | 625     |   |       | (14)                 |       |   | (431)        |   |   | 84  |   |   | 575  |
| Asia                                   |       | 163    |       |   | 257     |   |       | 3               |       |   | (203)        |   |   | 24  |   |   | 244  |
| Other                                  |       | 4      |       |   | 9       |   |       | 2               |       |   | (4)          |   |   |  –   |   |   | 11  |
| Total CLL                              |       | 1,321  |       |   | 2,290   |   |       | (48)                 |       |   | (1,755)      |   |   | 201  |   |   | 2,009  |
|                                   |       |        |       |   |         |   |       |                 |       |   |         |   |   |   |   |   |   |
| Energy Financial                       |       |        |       |   |         |   |       |                 |       |   |         |   |   |   |   |   |   |
|    Services             |       | 58     |       |   | 33      |   |       | 4               |       |   | (67)         |   |   |  –   |   |   | 28  |
|                                   |       |        |       |   |         |   |       |                 |       |   |         |   |   |   |   |   |   |
| GECAS(c)                               |       | 58     |       |   | 65      |   |       | (3)                  |       |   | (16)         |   |   |  –   |   |   | 104  |
|                                   |       |        |       |   |         |   |       |                 |       |   |         |   |   |   |   |   |   |
| Other                                  |       | 28     |       |   | 29      |   |       |  –   |       |   | (24)         |   |   | 1  |   |   | 34  |
| Total Commercial                       |       | 1,465  |       |   | 2,417   |   |       | (47)                 |       |   | (1,862)      |   |   | 202  |   |   | 2,175  |
|                                   |       |        |       |   |         |   |       |                 |       |   |         |   |   |   |   |   |   |
| Real Estate                            |       |        |       |   |         |   |       |                 |       |   |         |   |   |   |   |   |   |
| Debt                                   |       | 282    |       |   | 1,295   |   |       | 13              |       |   | (232)        |   |   |  –   |   |   | 1,358  |
| Business properties                    |       | 19     |       |   | 147     |   |       |  –   |       |   | (32)         |   |   | 2  |   |   | 136  |
| Total Real Estate                      |       | 301    |       |   | 1,442   |   |       | 13              |       |   | (264)        |   |   | 2  |   |   | 1,494  |
|                                   |       |        |       |   |         |   |       |                 |       |   |         |   |   |   |   |   |   |
| Consumer(c)                            |       |        |       |   |         |   |       |                 |       |   |         |   |   |   |   |   |   |
| Non-U.S. residential                   |       |        |       |   |         |   |       |                 |       |   |         |   |   |   |   |   |   |
|    mortgages            |       | 346    |       |   | 909     |   |       | 86              |       |   | (508)        |   |   | 93  |   |   | 926  |
| Non-U.S. installment                   |       |        |       |   |         |   |       |                 |       |   |         |   |   |   |   |   |   |
|    and revolving credit |       | 1,010  |       |   | 1,751   |   |       | 43              |       |   | (2,252)      |   |   | 564  |   |   | 1,116  |
| U.S. installment and                   |       |        |       |   |         |   |       |                 |       |   |         |   |   |   |   |   |   |
|    revolving credit     |       | 1,616  |       |   | 3,367   |   |       | (975)                |       |   | (2,612)      |   |   | 155  |   |   | 1,551  |
| Non-U.S. auto                          |       | 197    |       |   | 395     |   |       | 31              |       |   | (530)        |   |   | 210  |   |   | 303  |
| Other                                  |       | 225    |       |   | 346     |   |       | 44              |       |   | (389)        |   |   | 65  |   |   | 291  |
| Total Consumer                         |       | 3,394  |       |   | 6,768   |   |       | (771)                |       |   | (6,291)      |   |   | 1,087  |   |   | 4,187  |
| Total                                  | $          | 5,160  |       | $      | 10,627  |   | $          | (805)                |       | $      | (8,417)      |   | $ | 1,291  |   | $ | 7,856  |
|                                   |       |        |       |   |         |   |       |                 |       |   |         |   |   |   |   |   |   |
|                                   |       |        |       |   |         |   |       |                 |       |   |         |   |   |   |   |   |   |

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

| (b)   | Net write-offs (write-offs less recoveries) in certain portfolios may exceed the beginning allowance for losses as our revolving credit portfolios turn over more than once per year or, in all portfolios, can reflect losses that are incurred subsequent to the beginning of the fiscal year due to information becoming available during the current year, which may identify further deterioration on existing financing receivables. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | During the first quarter of 2010, we transferred the Transportation Financial Services business from GECAS to CLL and the Consumer business in Italy from Consumer to CLL. Prior-period amounts were reclassified to conform to the current-period presentation. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                   | Balance    |        | Provision  |   |        |   |       |                 |       |   | Balance              |
|----------------------------------------|------------|-------------|------------|--------|-------------|--------|------------|----------------------|------------|--------|----------------------|
|                                   | January 1, |        | charged to |   |        |   | Gross      |                 |       |   | December 31,         |
| (In millions)                          | 2008  |        | operations |   | Other       | (a)    | write-offs | (b)                  | Recoveries | (b)    | 2008            |
|                                   |       |        |       |   |        |   |       |                 |       |   |                 |   |   |   |   |   |   |
| Commercial                             |       |        |       |   |        |   |       |                 |       |   |                 |   |   |   |   |   |   |
| CLL(c)                                 |       |        |       |   |        |   |       |                 |       |   |                 |   |   |   |   |   |   |
| Americas                               | $          | 471    |       | $      | 909    |   | $          | 111             |       | $      | (728)                |   | $ | 80  |   | $ | 843  |
| Europe                                 |       | 256    |       |   | 344    |   |       | (34)                 |       |   | (334)                |   |   | 79  |   |   | 311  |
| Asia                                   |       | 226    |       |   | 152    |   |       | 34              |       |   | (256)                |   |   | 7  |   |   | 163  |
| Other                                  |       | 3      |       |   | 4      |   |       | (3)                  |       |   |  –   |   |   |  –   |   |   | 4  |
| Total CLL                              |       | 956    |       |   | 1,409  |   |       | 108             |       |   | (1,318)              |   |   | 166  |   |   | 1,321  |
|                                   |       |        |       |   |        |   |       |                 |       |   |                 |   |   |   |   |   |   |
| Energy Financial                       |       |        |       |   |        |   |       |                 |       |   |                 |   |   |   |   |   |   |
|    Services             |       | 19     |       |   | 36     |   |       | 3               |       |   |  –   |   |   |  –   |   |   | 58  |
|                                   |       |        |       |   |        |   |       |                 |       |   |                 |   |   |   |   |   |   |
| GECAS(c)                               |       | 8      |       |   | 51     |   |       |  –   |       |   | (1)                  |   |   |  –   |   |   | 58  |
|                                   |       |        |       |   |        |   |       |                 |       |   |                 |   |   |   |   |   |   |
| Other                                  |       | 18     |       |   | 28     |   |       | (1)                  |       |   | (18)                 |   |   | 1  |   |   | 28  |
| Total Commercial                       |       | 1,001  |       |   | 1,524  |   |       | 110             |       |   | (1,337)              |   |   | 167  |   |   | 1,465  |
|                                   |       |        |       |   |        |   |       |                 |       |   |                 |   |   |   |   |   |   |
| Real Estate                            |       |        |       |   |        |   |       |                 |       |   |                 |   |   |   |   |   |   |
| Debt                                   |       | 158    |       |   | 121    |   |       | 9               |       |   | (6)                  |   |   |  –   |   |   | 282  |
| Business properties                    |       | 10     |       |   | 14     |   |       |  –   |       |   | (6)                  |   |   | 1  |   |   | 19  |
| Total Real Estate                      |       | 168    |       |   | 135    |   |       | 9               |       |   | (12)                 |   |   | 1  |   |   | 301  |
|                                   |       |        |       |   |        |   |       |                 |       |   |                 |   |   |   |   |   |   |
| Consumer(c)                            |       |        |       |   |        |   |       |                 |       |   |                 |   |   |   |   |   |   |
| Non-U.S. residential                   |       |        |       |   |        |   |       |                 |       |   |                 |   |   |   |   |   |   |
|    mortgages            |       | 232    |       |   | 296    |   |       | (40)                 |       |   | (210)                |   |   | 68  |   |   | 346  |
| Non-U.S. installment                   |       |        |       |   |        |   |       |                 |       |   |                 |   |   |   |   |   |   |
|    and revolving credit |       | 1,278  |       |   | 1,664  |   |       | (409)                |       |   | (2,392)              |   |   | 869  |   |   | 1,010  |
| U.S. installment and                   |       |        |       |   |        |   |       |                 |       |   |                 |   |   |   |   |   |   |
|    revolving credit     |       | 937    |       |   | 3,050  |   |       | (624)                |       |   | (2,056)              |   |   | 309  |   |   | 1,616  |
| Non-U.S. auto                          |       | 298    |       |   | 335    |   |       | (121)                |       |   | (544)                |   |   | 229  |   |   | 197  |
| Other                                  |       | 165    |       |   | 229    |   |       | 9               |       |   | (247)                |   |   | 69  |   |   | 225  |
| Total Consumer                         |       | 2,910  |       |   | 5,574  |   |       | (1,185)              |       |   | (5,449)              |   |   | 1,544  |   |   | 3,394  |
| Total                                  | $          | 4,079  |       | $      | 7,233  |   | $          | (1,066)              |       | $      | (6,798)              |   | $ | 1,712  |   | $ | 5,160  |
|                                   |       |        |       |   |        |   |       |                 |       |   |                 |   |   |   |   |   |   |
|                                   |       |        |       |   |        |   |       |                 |       |   |                 |   |   |   |   |   |   |

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

| (b)   | Net write-offs (write-offs less recoveries) in certain portfolios may exceed the beginning allowance for losses as our revolving credit portfolios turn over more than once per year or, in all portfolios, can reflect losses that are incurred subsequent to the beginning of the fiscal year due to information becoming available during the current year, which may identify further deterioration on existing financing receivables. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | During the first quarter of 2010, we transferred the Transportation Financial Services business from GECAS to CLL and the Consumer business in Italy from Consumer to CLL. Prior-period amounts were reclassified to conform to the current-period presentation. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                   | Depreciable |   |       |   |               |   |   |
|--------------------------------------------------------|-------------|--------|------------|--------|--------------------|--------|--------|
|                                                   | lives-new   |   |       |   |               |   |   |
| December 31 (Dollars in millions)                      | (in years)  |   | 2010  |   | 2009          |
|                                                   |        |   |       |   |               |   |   |   |
| Original cost(b)                                       |        |   |       |   |               |   |   |   |
| Land and improvements, buildings, structures and       |        |   |       |   |               |   |   |   |
|     related equipment              |        | 1-37   | (a)        | $      |  3,523   |   | $      |  5,713  |
| Equipment leased to others                             |        |   |       |   |               |   |   |   |
|     Aircraft                       |        | 19-21  |       |   |  45,674  |   |   |  42,634  |
|     Vehicles                       |        | 1-23   |       |   |  17,216  |   |   |  21,589  |
|     Railroad rolling stock         |        | 5-50   |       |   |  4,331   |   |   | 4,290  |
|     Marine shipping containers     |        | 3-30   |       |   |  2,748   |   |   | 2,727  |
|     Construction and manufacturing |        | 1-30   |       |   |  2,586   |   |   | 2,759  |
|     All other                      |        | 4-25   |       |   |  3,107   |   |   | 2,921  |
| Total                                                  |        |   |       | $      |  79,185  |   | $      |  82,633  |
|                                                   |        |   |       |   |               |   |   |   |
| Net carrying value(b)                                  |        |   |       |   |               |   |   |   |
| Land and improvements, buildings, structures and       |        |   |       |   |               |   |   |   |
|     related equipment              |        |   |       | $      |  1,667   |   | $      |  3,543  |
| Equipment leased to others                             |        |   |       |   |               |   |   |   |
|     Aircraft(c)                    |        |   |       |   |  34,665  |   |   |  32,983  |
|     Vehicles                       |        |   |       |   |  9,077   |   |   |  11,519  |
|     Railroad rolling stock         |        |   |       |   |  2,960   |   |   |  2,887  |
|     Marine shipping containers     |        |   |       |   |  1,924   |   |   |  1,894  |
|     Construction and manufacturing |        |   |       |   |  1,454   |   |   |  1,697  |
|     All other                      |        |   |       |   |  2,023   |   |   |  1,952  |
| Total                                                  |        |   |       | $      |  53,770  |   | $      |  56,475  |
|                                                   |        |   |       |   |               |   |   |   |
|                                                   |        |   |       |   |               |   |   |   |

| (a)   | Depreciable lives exclude land. |
|-----------------|---------------------------------|

| (b)   | Included $1,571 million and $1,609 million of original cost of assets leased to GE with accumulated amortization of $531 million and $572 million at December 31, 2010 and 2009, respectively. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | GECAS recognized impairment losses of $438 million in 2010 and $127 million in 2009 recorded in the caption “Depreciation and amortization” in the Statement of Earnings to reflect adjustments to fair value based on an evaluation of average current market values (obtained from third parties) of similar type and age aircraft, which are adjusted for the attributes of the specific aircraft under lease. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (In millions)                          |   |               |
|----------------------------------------|--------|--------------------|
|                                   |   |               |
| Due in                                 |   |               |
|     2011           | $      |  7,242   |
|     2012           |   |  5,846   |
|     2013           |   |  4,686   |
|     2014           |   |  3,840   |
|     2015           |   |  2,964   |
|     2016 and later |   |  9,170   |
| Total                                  | $      |  33,748  |
|                                   |   |               |

| December 31 (In millions)                                         | 2010  |         | 2009  |
|-------------------------------------------------------------------|------------|--------------|------------|
|                                                              |       |         |       |   |   |
| Goodwill                                                          | $          | 27,593  |       | $ | 28,463  |
|                                                              |       |         |       |   |   |
| Other intangible assets                                           |       |         |       |   |   |
|     Intangible assets subject to amortization | $          | 1,885   |       | $ | 3,301  |

|                             | 2010  |         | 2009    |
|----------------------------------|------------|--------------|--------------|
|                             |       |         |         |   |   |   | Dispositions, |   |   |   |   |   |   |   |   |   |   | Dispositions, |   |   |   |
|                             |       |         |         |   |   | currency |   |   |   |   |   |   |   |   |   | currency |   |   |   |
|                             | Balance    |         |         |   | exchange |   | Balance |   | Balance |   |   |   | exchange |   | Balance |
| (In millions)                    | January 1  |         | Acquisitions |   | and other |   | December 31 |   | January 1 |   | Acquisitions |   | and other |   | December 31 |
|                             |       |         |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CLL                              | $          | 14,053  | (a)          | $ | 19  |   | $ | (179) |   | $ | 13,893  |   | $ | 12,476  | (a) | $ | 1,399  |   | $ | 178  |   | $ | 14,053  |
| Consumer                         |       | 10,945  | (a)          |   |  –   |   |   | (43) |   |   | 10,902  |   |   | 9,382  | (a) |   | 1,605  |   |   | (42) |   |   | 10,945  |
| Real Estate                      |       | 1,189   |         |   |  –   |   |   | (100) |   |   | 1,089  |   |   | 1,183  |   |   |  –   |   |   | 6  |   |   | 1,189  |
| Energy Financial                 |       |         |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Services |       | 2,119   |         |   |  –   |   |   | (557) |   |   | 1,562  |   |   | 2,162  |   |   |  –   |   |   | (43) |   |   | 2,119  |
| GECAS                            |       | 157     |         |   |  –   |   |   | (10) |   |   | 147  |   |   | 155  |   |   |  –   |   |   | 2  |   |   | 157  |
| Total                            | $          | 28,463  |         | $ | 19  |   | $ | (889) |   | $ | 27,593  |   | $ | 25,358  |   | $ | 3,004  |   | $ | 101  |   | $ | 28,463  |
|                             |       |         |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                             |       |         |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a) | Reflected the transfer of the Consumer Business in Italy during the first quarter of 2010 from Consumer to CLL, resulting in a related movement of beginning goodwill balance of $18 million. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|                               | At         |
|------------------------------------|------------|
|                               | 2010  |   | 2009  |
|                               | Gross      |   |   |   |   |   | Gross |   |   |   |   |
|                               | carrying   |   | Accumulated |   |   |   | carrying |   | Accumulated |   |   |
| December 31 (In millions)          | amount     |   | amortization |   | Net |   | amount |   | amortization |   | Net |
|                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Customer-related                   | $          | 1,112  |   | $ | (588) |   | $ | 524  |   | $ | 1,687  |   | $ | (679) |   | $ | 1,008  |
| Patents, licenses and trademarks   |       | 599  |   |   | (532) |   |   | 67  |   |   | 594  |   |   | (459) |   |   | 135  |
| Capitalized software               |       | 2,035  |   |   | (1,535) |   |   | 500  |   |   | 2,169  |   |   | (1,565) |   |   | 604  |
| Lease valuations                   |       | 1,646  |   |   | (917) |   |   | 729  |   |   | 1,754  |   |   | (793) |   |   | 961  |
| Present value of future profits(a) |       | 461  |   |   | (461) |   |   | –   |   |   | 921  |   |   | (470) |   |   | 451  |
| All other                          |       | 333  |   |   | (268) |   |   | 65  |   |   | 444  |   |   | (302) |   |   | 142  |
| Total                              | $          | 6,186  |   | $ | (4,301) |   | $ | 1,885  |   | $ | 7,569  |   | $ | (4,268) |   | $ | 3,301  |
|                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a) | Balance at December 31, 2010 reflects an adjustment of $423 million to the present value of future profits in our run-off insurance operation to reflect the effects that would have been recognized had the related unrealized investment securities holding gains and losses actually been realized in accordance with ASC 320-10-S99-2. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| December 31 (In millions)                       |   | 2010  |         | 2009  |
|-------------------------------------------------|--------|------------|--------------|------------|
|                                            |   |       |         |       |   |   |
| Investments                                     |   |       |         |       |   |   |
|     Real estate(a)(b)       |   | $          | 31,555  |       | $ | 36,957  |
|     Associated companies    |   |       | 25,662  |       |   | 25,374  |
|     Assets held for sale(c) |   |       | 3,540   |       |   | 3,691  |
|     Cost method(b)          |   |       | 1,937   |       |   | 1,972  |
|     Other                   |   |       | 2,251   |       |   | 1,984  |
|                                            |   |       | 64,945  |       |   | 69,978  |
|                                            |   |       |         |       |   |   |
| Derivative instruments                          |   |       | 7,077   |       |   | 7,679  |
| Deferred borrowing costs(d)                     |   |       | 1,982   |       |   | 2,559  |
| Advances to suppliers                           |   |       | 1,853   |       |   | 2,224  |
| Deferred acquisition costs(e)                   |   |       | 60      |       |   | 1,054  |
| Other                                           |   |       | 3,323   |       |   | 3,846  |
| Total                                           |   | $          | 79,240  |       | $ | 87,340  |
|                                            |   |       |         |       |   |   |
|                                            |   |       |         |       |   |   |

| (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, 2010: office buildings (45%), apartment buildings (16%), industrial properties (11%), retail facilities (7%), franchise properties (8%) and other (13%). At December 31, 2010, investments were located in the Americas (48%), Europe (28%) and Asia (24%). |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (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, 2010, were $396 million and $55 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, 2010, were $16 million and $2 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, 2009, were $423 million and $67 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, 2009, were $48 million and $13 million, respectively. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | Assets were classified as held for sale on the date a decision was made to dispose of them through sale or other means. At December 31, 2010 and 2009, such assets consisted primarily of loans, aircraft, equipment 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 $115 million and $145 million at December 31, 2010 and 2009, respectively. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d)   | Included $916 million and $1,642 million at December 31, 2010 and 2009, respectively, of unamortized fees related to our participation in the Temporary Liquidity Guarantee Program. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e)   | Balance at December 31, 2010 reflects an adjustment of $860 million to deferred acquisition costs in our run-off insurance operation to reflect the effects that would have been recognized had the related unrealized investment securities holding gains and losses actually been realized in accordance with ASC 320-10-S99-2. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Short-term Borrowings                        |       |   | 2010  |          |       | 2009  |   |
|----------------------------------------------|------------|--------|------------|---------------|------------|------------|--------|
|                                         |       |   |       |          |       | Average    |   |   |   |   | Average |   |
| December 31 (In millions)                    |       |   | Amount     |          | rate(a)    |       |   | Amount |   | rate(a) |   |
|                                         |       |   |       |          |       |       |   |   |   |   |   |   |
| Commercial paper                             |       |   |       |          |       |       |   |   |   |   |   |   |
|     U.S.                 |       |   | $          | 32,547   |       | 0.28  | %      | $ | 37,775  |   | 0.20  | % |
|     Non-U.S.             |       |   |       | 9,497    |       | 1.41  |   |   | 9,525  |   | 0.86  |   |
| Current portion of long-term                 |       |   |       |          |       |       |   |   |   |   |   |   |
|     borrowings(b)(c)(d)  |       |   |       | 65,612   |       | 3.24  |   |   | 69,878  |   | 3.27  |   |
| GE Interest Plus notes(e)                    |       |   |       | 9,058    |       | 1.59  |   |   | 7,541  |   | 2.40  |   |
| Other(d)                                     |       |   |       | 2,083    |       |       |   |   | 6,035  |   |   |   |
| Total short-term borrowings                  |       |   | $          | 118,797  |       |       |   | $ | 130,754  |   |   |   |
|                                         |       |   |       |          |       |       |   |   |   |   |   |   |
|                                         |       |   |       |          |       |       |   |   |   |   |   |   |
| Long-term Borrowings                         |       |   | 2010  |          | 2009  |       |
|                                         |       |   |       |          |       | Average    |   |   |   |   | Average |   |
| December 31 (In millions)                    | Maturities |   | Amount     |          | rate(a)    |       | Amount |   | rate(a) |   |
|                                         |       |   |       |          |       |       |   |   |   |   |   |   |
| Senior notes(b)(c)                           | 2012-2055  |   | $          | 262,789  |       | 3.29  | %      | $ | 304,344  |   | 3.31  | % |
| Subordinated notes(f)                        | 2012-2037  |   |       | 2,575    |       | 5.48  |   |   | 2,686  |   | 5.77  |   |
| Subordinated debentures(g)                   | 2066-2067  |   |       | 7,298    |       | 6.63  |   |   | 7,647  |   | 6.48  |   |
| Other(d)(h)                                  |       |   |       | 11,745   |       |       |   |   | 10,752  |   |   |   |
| Total long-term borrowings                   |       |   | $          | 284,407  |       |       |   | $ | 325,429  |   |   |   |
|                                         |       |   |       |          |       |       |   |   |   |
| Non-recourse borrowings of consolidated      |       |   |       |          |       |       |   |   |   |   |   |   |
|    securitization entities(i) | 2011-2021  |   | $          | 30,060   |       | 2.88  |   | $ | 3,883  |   | 0.57 |   |
|                                         |       |   |       |          |       |       |   |   |   |   |   |   |
| Bank deposits(j)                             |       |   | $          | 37,298   |       |       |   | $ | 33,519  |   |   |   |
|                                         |       |   |       |          |       |       |   |   |   |   |   |   |
| Total borrowings and bank deposits           |       |   | $          | 470,562  |       |       |   | $ | 493,585  |   |   |   |
|                                         |       |   |       |          |       |       |   |   |   |   |   |   |
|                                         |       |   |       |          |       |       |   |   |   |   |   |   |

| (a)   | Based on year-end balances and year-end local currency interest rates. Current portion of long-term debt included the effects of related fair value interest rate and currency hedges, if any, directly associated with the original debt issuance. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | GECC had issued and outstanding $53,495 million and $59,336 million of senior, unsecured debt that was guaranteed by the Federal Deposit Insurance Corporation (FDIC) under the Temporary Liquidity Guarantee Program at December 31, 2010 and 2009, respectively. Of the above amounts, $18,455 million and $5,841 million are included in current portion of long-term borrowings at December 31, 2010 and 2009, respectively. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | Included in total long-term borrowings were $2,395 million and $3,138 million of obligations to holders of GICs at December 31, 2010 and 2009, respectively. If the long-term credit rating of GECC were to fall below AA-/Aa3 or its short-term credit rating were to fall below A-1+/P-1, GECC could be required to provide up to approximately $2,300 million as of December 31, 2010, to repay holders of GICs. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d)   | Included $11,135 million and $10,604 million of funding secured by real estate, aircraft and other collateral at December 31, 2010 and 2009, respectively, of which $4,671 million and $5,667 million is non-recourse to GECS at December 31, 2010 and 2009, respectively. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e)   | Entirely variable denomination floating-rate demand notes. |
|-----------------|------------------------------------------------------------|

| (f)   | Included $417 million of subordinated notes guaranteed by GE at both December 31, 2010 and 2009. |
|-----------------|--------------------------------------------------------------------------------------------------|

| (g)   | Subordinated debentures receive rating agency equity credit and were hedged at issuance to the U.S. dollar equivalent of $7,725 million. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------|

| (h)   | Included $1,984 million and $1,649 million of covered bonds at December 31, 2010 and 2009, respectively. If the short-term credit rating of GECC were reduced below A-1/P-1, GECC would be required to partially cash collateralize these bonds in an amount up to $764 million at December 31, 2010. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (i)   | Included at December 31, 2010 was $10,499 million of current portion of long-term borrowings and $19,561 million of long-term borrowings related to former QSPEs consolidated on January 1, 2010 upon our adoption of ASU 2009-16 & 17, previously consolidated liquidating securitization entities and other on-book securitization borrowings. Included at December 31, 2009, was $2,424 million of commercial paper, $378 million of current portion of long-term borrowings and $1,081 million of long-term borrowings issued by consolidated liquidating securitization entities. See Note 17. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (j)   | Included $18,781 million and $15,848 million of deposits in non-U.S. banks at December 31, 2010 and 2009, respectively, and $11,329 million and $10,476 million of certificates of deposits distributed by brokers with maturities greater than one year at December 31, 2010 and 2009, respectively. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (In millions) | 2011  |         | 2012  |   | 2013    |   | 2014  |         | 2015  |
|---------------|------------|--------------|------------|--------|--------------|--------|------------|--------------|------------|
|          |       |         |       |   |         |   |       |         |       |   |   |   |   |   |
|          | $          | 65,612  | (a)        | $      | 83,299  |   | $          | 35,004  |       | $ | 29,619  |   | $ | 21,755  |
|          |       |         |       |   |         |   |       |         |       |   |   |   |   |   |
|          |       |         |       |   |         |   |       |         |       |   |   |   |   |   |

| (a)   | Fixed and floating rate notes of $710 million contain put options with exercise dates in 2011, and which have final maturity beyond 2015. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------|

| December 31 (In millions)                          |   | 2010  |         | 2009  |
|----------------------------------------------------|--------|------------|--------------|------------|
|                                               |   |       |         |       |   |   |
| Investment contracts                               |   | $          | 3,726   |       | $ | 3,940  |
| Guaranteed investment contracts                    |   |       | 5,502   |       |   | 8,310  |
|     Total investment contracts |   |       | 9,228   |       |   | 12,250  |
| Life insurance benefits(a)                         |   |       | 17,640  |       |   | 16,847  |
| Unpaid claims and claims adjustment expenses       |   |       | 2,437   |       |   | 2,102  |
| Unearned premiums                                  |   |       | 426     |       |   | 532  |
| Universal life benefits                            |   |       | 262     |       |   | 278  |
| Total                                              |   | $          | 29,993  |       | $ | 32,009  |
|                                               |   |       |         |       |   |   |
|                                               |   |       |         |       |   |   |

| (a) | Life insurance benefits are accounted for mainly by a net-level-premium method using estimated yields generally ranging from 3.0% to 8.5% in both 2010 and 2009. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (In millions)                                             | 2010  |              | 2009  |   | 2008     |
|-----------------------------------------------------------|------------|-------------------|------------|--------|---------------|
|                                                      |       |              |       |   |          |   |   |   |
| Current tax expense (benefit)                             | $          |  (2,397)     |       | $      |  (1,554) |   | $ |  (1,460) |
| Deferred tax expense (benefit) from temporary differences |       |  1,423  |       |   |  (2,333) |   |   |  (865) |
| Total                                                     | $          |  (974)       |       | $      |  (3,887) |   | $ |  (2,325) |
|                                                      |       |              |       |   |          |   |   |   |

----

| December 31 (In millions)                                                                         |   | 2010  |        | 2009  |
|---------------------------------------------------------------------------------------------------|--------|------------|-------------|------------|
|                                                                                              |   |       |        |       |   |   |
| Unrecognized tax benefits                                                                         |   | $          | 3,904  |       | $ | 4,763  |
|    Portion that, if recognized, would reduce tax expense and effective tax rate(a) |   |       | 2,276  |       |   | 2,726  |
| Accrued interest on unrecognized tax benefits                                                     |   |       | 833    |       |   | 919  |
| Accrued penalties on unrecognized tax benefits                                                    |   |       | 73     |       |   | 73  |
| Reasonably possible reduction to the balance of unrecognized                                      |   |       |        |       |   |   |
|    tax benefits in succeeding 12 months                                            |   |       | 0-1,200     |       |   | 0-1,300 |
|    Portion that, if recognized, would reduce tax expense and effective tax rate(a) |   |       | 0-250       |       |   | 0-900 |
|                                                                                              |   |       |        |       |   |   |
|                                                                                              |   |       |        |       |   |   |

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

| (In millions)                                   | 2010  |        | 2009  |
|-------------------------------------------------|------------|-------------|------------|
|                                            |       |        |       |   |   |
| Balance at January 1                            | $          | 4,763  |       | $ | 4,397  |
| Additions for tax positions of the current year |       | 43     |       |   | 517  |
| Additions for tax positions of prior years      |       | 355    |       |   | 86  |
| Reductions for tax positions of prior years     |       | (1,212)     |       |   | (174) |
| Settlements with tax authorities                |       | (34)        |       |   | (57) |
| Expiration of the statute of limitations        |       | (11)        |       |   | (6) |
| Balance at December 31                          | $          | 3,904  |       | $ | 4,763  |
|                                            |       |        |       |   |   |

----

|                                                                  | 2010  |       | 2009  |   | 2008   |   |
|-----------------------------------------------------------------------|------------|------------|------------|--------|-------------|--------|
|                                                                  |       |       |       |   |        |   |   |   |   |
| 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) |       | (54.1)     |       |   | 96.0   |   |   | (70.7) |   |
|     U.S. business credits                         |       | (13.4)     |       |   | 12.4   |   |   | (3.7) |   |
|     All other - net                               |       | (12.3)     |       |   | 8.6    |   |   | (2.0) |   |
|                                                                  |       | (79.8)     |       |   | 117.0  |   |   | (76.4) |   |
| Actual income tax rate                                                |       | (44.8)     | %          |   | 152.0  | %      |   | (41.4) | % |
|                                                                  |       |       |       |   |        |   |   |   |   |
|                                                                  |       |       |       |   |        |   |   |   |   |

| (a)   | 2009 and 2008 included 27.4% and (6.2)%, respectively, from indefinite reinvestment of prior-year earnings. |
|-----------------|-------------------------------------------------------------------------------------------------------------|

| Deferred Income Taxes |
|-----------------------|

| Principal components of our net liability representing deferred income tax balances are as follows: |
|-----------------------------------------------------------------------------------------------------|

| December 31 (In millions)             | 2010  |         | 2009  |
|---------------------------------------|------------|--------------|------------|
|                                  |       |         |       |   |   |
| Assets                                |       |         |       |   |   |
| Allowance for losses                  | $          | 2,822   |       | $ | 3,052  |
| Cash flow hedges                      |       | 612     |       |   | 818  |
| Net unrealized losses on securities   |       | 276     |       |   | 193  |
| Non-U.S. loss carryforwards(a)        |       | 2,320   |       |   | 1,244  |
| Other - net                           |       | 6,885   |       |   | 5,701  |
| Total deferred income tax assets      |       | 12,915  |       |   | 11,008  |
|                                  |       |         |       |   |   |
| Liabilities                           |       |         |       |   |   |
| Financing leases                      |       | 6,168   |       |   | 6,210  |
| Operating leases                      |       | 4,812   |       |   | 5,557  |
| Investment in global subsidiaries     |       | 1,406   |       |   | 342  |
| Intangible assets                     |       | 1,567   |       |   | 1,568  |
| Other - net                           |       | 6,039   |       |   | 4,032  |
| Total deferred income tax liabilities |       | 19,992  |       |   | 17,709  |
|                                  |       |         |       |   |   |
| Net deferred income tax liability     | $          | 7,077   |       | $ | 6,701  |
|                                  |       |         |       |   |   |
|                                  |       |         |       |   |   |

| (a) | Net of valuation allowances of $419 million and $344 million for 2010 and 2009, respectively. Of the net deferred tax asset as of December 31, 2010, of $2,320 million, $15 million relates to net operating loss carryforwards that expire in various years ending from December 31, 2011, through December 31, 2013; $240 million relates to net operating losses that expire in various years ending from December 31, 2014, through December 31, 2025; and $2,065 million relates to net operating loss carryforwards that may be carried forward indefinitely. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (In millions)                                                          |   | 2010           |   |   | 2009           |   |   | 2008           |
|------------------------------------------------------------------------|--------|---------------------|--------|--------|---------------------|--------|--------|---------------------|
|                                                                   |   |                |   |   |                |   |   |                |
| Cumulative preferred stock issued                                      | $      | 10             |   | $      | 10             |   | $      | 10             |
|                                                                   |   |                |   |   |                |   |   |                |
| Common stock issued                                                    | $      | 1              |   | $      | 1              |   | $      | 1              |
|                                                                   |   |                |   |   |                |   |   |                |
| Accumulated other comprehensive income                                 |   |                |   |   |                |   |   |                |
| Balance at January 1(a)                                                | $      | (1,532)             |   | $      | (7,856)             |   | $      | 6,750          |
| Investment securities - net of deferred taxes                          |   |                |   |   |                |   |   |                |
|     of $72, $1,000 and  $(2,494)(b)      |   | (45)                |   |   | 2,681          |   |   | (3,759)             |
| Currency translation adjustments - net of deferred taxes               |   |                |   |   |                |   |   |                |
|     of $2,699, $(676) and $4,138                   |   | (2,735)             |   |   | 2,630          |   |   | (8,611)             |
| Cash flow hedges - net of deferred taxes                               |   |                |   |   |                |   |   |                |
|     of $(498), $881 and $(2,235)                   |   | (488)               |   |   | 828            |   |   | (4,747)             |
| Benefit plans - net of deferred taxes                                  |   |                |   |   |                |   |   |                |
|     of $27, $(14) and $(116)(c)                    |   | 54             |   |   | (67)                |   |   | (262)               |
| Reclassification adjustments                                           |   |                |   |   |                |   |   |                |
|     Investment securities - net of deferred taxes  |   |                |   |   |                |   |   |                |
|       of $32, $493 and $708              |   | 59             |   |   | (20)                |   |   | 552            |
|     Currency translation adjustments               |   | –   |   |   | –   |   |   | (119)               |
|     Cash flow hedges - net of deferred taxes       |   |                |   |   |                |   |   |                |
|         of $720, $396 and $641 |   | 976            |   |   | 537            |   |   | 2,340          |
| Balance at December 31                                                 | $      | (3,711)             |   | $      | (1,267)             |   | $      | (7,856)             |
|                                                                   |   |                |   |   |                |   |   |                |
| Additional paid-in capital                                             |   |                |   |   |                |   |   |                |
| Balance at January 1                                                   | $      | 27,581         |   | $      | 18,069         |   | $      | 12,564         |
| Contributions and other(d)                                             |   | 35             |   |   | 9,512          |   |   | 5,505          |
| Balance at December 31                                                 | $      | 27,616         |   | $      | 27,581         |   | $      | 18,069         |
|                                                                   |   |                |   |   |                |   |   |                |
| Retained earnings                                                      |   |                |   |   |                |   |   |                |
| Balance at January 1(e)                                                | $      | 42,863         |   | $      | 43,117         |   | $      | 38,351         |
| Net earnings                                                           |   | 2,155          |   |   | 1,415          |   |   | 7,055          |
| Dividends(d)                                                           |   | –   |   |   | –   |   |   | (2,351)             |
| Other(d)(f)                                                            |   | 50             |   |   | (24)                |   |   | –   |
| Balance at December 31                                                 | $      | 45,068         |   | $      | 44,508         |   | $      | 43,055         |
|                                                                   |   |                |   |   |                |   |   |                |
| Total equity                                                           |   |                |   |   |                |   |   |                |
| GECS shareowner's equity balance at December 31                        | $      | 68,984         |   | $      | 70,833         |   | $      | 53,279         |
| Noncontrolling interests balance at December 31(g)                     |   | 1,164          |   |   | 2,048          |   |   | 2,269          |
| Total equity balance at December 31                                    | $      | 70,148         |   | $      | 72,881         |   | $      | 55,548         |
|                                                                   |   |                |   |   |                |   |   |                |
|                                                                   |   |                |   |   |                |   |   |                |

| (a)   | The 2010 opening balance was adjusted as of January 1, 2010, for the cumulative effect of changes in accounting principles of $265 million related to the adoption of ASU 2009-16 & 17. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | Includes adjustments of $1,171 million as of December 31, 2010 to deferred acquisition costs, present value of future profits, and investment contracts, insurance liabilities and insurance annuity benefits in our run-off insurance operation to reflect the effects that would have been recognized had the related unrealized investment securities holding gains and losses actually been realized in accordance with ASC 320-10-S99-2. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | For 2010, included $15 million of prior service costs arising during the year and $39 million of amortization of actuarial gains (losses) – net of deferred taxes of $15 million and $12 million, respectively. For 2009, included $(93) million of gains (losses) arising during the year and $26 million of amortization of gains (losses) – net of deferred taxes of $(25) million and $11 million, respectively. 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. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d)   | Total dividends and other transactions with the shareowner increased equity by $85 million in 2010, $9,488 million in 2009 and $3,154 million in 2008. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e)   | The 2010 opening balance was adjusted as of January 1, 2010, for the cumulative effect of changes in accounting principles of $1,645 million related to the adoption of ASU 2009-16 & 17. The 2009 opening balance was adjusted as of April 1, 2009, for the cumulative effect of changes in accounting principles of $62 million related to adopting amendments on impairment guidance in ASC 320, Investments  – Debt and Equity Securities. The cumulative effect of adopting ASC 825 at January 1, 2008, was insignificant. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (f)   | Included the effects of accretion of redeemable securities to their redemption value of $38 million and $(23) million in 2010 and 2009, respectively. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| (g)   | On January 1, 2009, we adopted an amendment to ASC 810, Consolidation, that requires us to classify noncontrolling interests (previously referred to as “minority interest”) as part of shareowner’s equity and to disclose the amount of other comprehensive income attributable to noncontrolling interests. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| December 31 (In millions)                              | 2010  |        | 2009  |
|--------------------------------------------------------|------------|-------------|------------|
|                                                   |       |        |       |   |   |
| Noncontrolling interests in consolidated affiliates(a) | $          | 887    |       | $ | 1,771  |
| Preferred stock(b)                                     |       | 277    |       |   | 277  |
|                                                   | $          | 1,164  |       | $ | 2,048  |
|                                                   |       |        |       |   |   |
|                                                   |       |        |       |   |   |

| (a) | Included noncontrolling interests in partnerships and common shares of consolidated affiliates. |
|-----|-------------------------------------------------------------------------------------------------|

| (b)   | The preferred stock pays cumulative dividends at an average rate of 6.81%. |
|-----------------|----------------------------------------------------------------------------|

|              | Year ended December 31, |
|-------------------|-------------------------|
| (In millions)     |                    | 2010  |   |   | 2009  |
|              |                    |   |   |   |   |
|              |                    |   |   |   |   |
| Beginning balance | $                       | 2,048  |   | $ | 2,269  |
| Net earnings      |                    | 16  |   |   | 15  |
| Dispositions(a)   |                    | (979) |   |   | (331) |
| Dividends         |                    | (7) |   |   | (11) |
| AOCI and other(b) |                    | 86  |   |   | 106  |
| Ending balance    | $                       | 1,164  |   | $ | 2,048  |
|              |                    |   |   |   |   |
|              |                    |   |   |   |   |

| (a)   | Includes the effects of deconsolidating both Regency $(979) million during the second quarter of 2010 and Penske Truck Leasing Co., L.P. (PTL) $(331) million during the first quarter of 2009. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | Changes to the individual components of AOCI attributable to noncontrolling interests were insignificant. |
|-----------------|-----------------------------------------------------------------------------------------------------------|

----

| (In millions)                           | 2010  |                      | 2009  |   | 2008    |
|-----------------------------------------|------------|---------------------------|------------|--------|--------------|
|                                    |       |                      |       |   |         |   |   |   |
| Interest on loans(a)                    | $          | 21,344               |       | $      | 19,205  |   | $ | 26,378  |
| Equipment leased to others              |       | 11,116               |       |   | 12,231  |   |   | 15,568  |
| Fees(a)                                 |       | 4,785                |       |   | 4,516   |   |   | 6,062  |
| Financing leases(a)                     |       | 2,805                |       |   | 3,317   |   |   | 4,374  |
| Investment income(a)(b)                 |       | 2,185                |       |   | 3,379   |   |   | 2,189  |
| Associated companies                    |       | 2,035                |       |   | 1,007   |   |   | 2,058  |
| Premiums earned by insurance activities |       | 2,014                |       |   | 2,065   |   |   | 2,255  |
| Real estate investments                 |       | 1,240                |       |   | 1,543   |   |   | 3,505  |
| Net securitization gains(a)             |       | –    |       |   | 1,589   |   |   | 1,133  |
| Other items(c)                          |       | 2,442                |       |   | 2,836   |   |   | 5,058  |
| Total                                   | $          | 49,966               |       | $      | 51,688  |   | $ | 68,580  |
|                                    |       |                      |       |   |         |   |   |   |
|                                    |       |                      |       |   |         |   |   |   |

| (a) | On January 1, 2010, we adopted ASU 2009-16 & 17 which required us to consolidate substantially all of our former QSPEs. As a result, 2010 Revenues from services include interest, investment and fee income from these entities, which were not presented on a consolidated basis in 2009. During 2010, we recognized no gains from securitization transactions, as they were recorded as on-book financings. See Note 17. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Included net other-than-temporary impairments on investment securities of $253 million and $581 million for the twelve months ended December 31, 2010 and 2009, respectively. See Note 3. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | Included a gain on the sale of a limited partnership interest in PTL and a related gain on the remeasurement of the retained investment to fair value totaling $296 million in the first quarter of 2009. See Note 17. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (In millions)          | 2010  |      | 2009  |   | 2008  |
|------------------------|------------|-----------|------------|--------|------------|
|                   |       |      |       |   |       |   |   |   |
| Equipment for sublease | $          | 184  |       | $      | 280   |   | $ | 358  |
| Other rental expense   |       | 456  |       |   | 522   |   |   | 634  |
|                   |       |      |       |   |       |   |   |   |

| (In millions) |
|---------------|
|          |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 2011     |   | 2012  |   | 2013  |   | 2014  |   | 2015  |
| $             | 517  |   | $ | 466  |   | $ | 306  |   | $ | 223  |   | $ | 180  |
|          |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                         |    |                |    |   |                |   |   |                |   | Netting     |                |   |   |
|------------------------------------------------------------------------------|---------|---------------------|---------|--------|---------------------|--------|--------|---------------------|--------|-------------|---------------------|--------|--------|
| (In millions)                                                                | Level 1 | (a)                 | Level 2 | (a)    | Level 3             | (b)    |   | adjustment          | (c)    | Net balance |
|                                                                         |    |                |    |   |                |   |   |                |   |        |                |   |   |   |
| December 31, 2010                                                            |    |                |    |   |                |   |   |                |   |        |                |   |   |   |
|                                                                         |    |                |    |   |                |   |   |                |   |        |                |   |   |   |
| Assets                                                                       |    |                |    |   |                |   |   |                |   |        |                |   |   |   |
| Investment securities                                                        |    |                |    |   |                |   |   |                |   |        |                |   |   |   |
|      Debt                                           |    |                |    |   |                |   |   |                |   |        |                |   |   |   |
|        U.S. corporate                     | $       | –   |    | $      | 19,374         |   | $      | 3,198          |   | $           | –   |   | $      | 22,572  |
|        State and municipal                |    | –   |    |   | 2,499          |   |   | 225            |   |        | –   |   |   | 2,724  |
|        Residential mortgage-backed        |    | 47             |    |   | 2,696          |   |   | 66             |   |        | –   |   |   | 2,809  |
|        Commercial mortgage-backed         |    | –   |    |   | 2,875          |   |   | 49             |   |        | –   |   |   | 2,924  |
|        Asset-backed                       |    | –   |    |   | 690            |   |   | 2,540          |   |        | –   |   |   | 3,230  |
|        Corporate - non-U.S.               |    | 89             |    |   | 1,292          |   |   | 1,486          |   |        | –   |   |   | 2,867  |
|        Government - non-U.S.              |    | 776            |    |   | 1,334          |   |   | 156            |   |        | –   |   |   | 2,266  |
|        U.S. government and federal agency |    | –   |    |   | 3,158          |   |   | 210            |   |        | –   |   |   | 3,368  |
|      Retained interests(d)                          |    | –   |    |   | –   |   |   | 39             |   |        | –   |   |   | 39  |
|      Equity                                         |    |                |    |   |                |   |   |                |   |        |                |   |   |   |
|        Available-for-sale                 |    | 661            |    |   | 20             |   |   | 24             |   |        | –   |   |   | 705  |
|        Trading                            |    | 417            |    |   | –   |   |   | –   |   |        | –   |   |   | 417  |
| Derivatives(e)                                                               |    | –   |    |   | 10,393         |   |   | 330            |   |        | (3,646)             |   |   | 7,077  |
| Other(f)                                                                     |    | –   |    |   | –   |   |   | 450            |   |        | –   |   |   | 450  |
| Total                                                                        | $       | 1,990          |    | $      | 44,331         |   | $      | 8,773          |   | $           | (3,646)             |   | $      | 51,448  |
|                                                                         |    |                |    |   |                |   |   |                |   |        |                |   |   |   |
| Liabilities                                                                  |    |                |    |   |                |   |   |                |   |        |                |   |   |   |
| Derivatives                                                                  | $       | –   |    | $      | 6,250          |   | $      | 102            |   | $           | (3,637)             |   | $      | 2,715  |
| Other                                                                        |    | –   |    |   | 31             |   |   | –   |   |        | –   |   |   | 31  |
| Total                                                                        | $       | –   |    | $      | 6,281          |   | $      | 102            |   | $           | (3,637)             |   | $      | 2,746  |
|                                                                         |    |                |    |   |                |   |   |                |   |        |                |   |   |   |
| December 31, 2009                                                            |    |                |    |   |                |   |   |                |   |        |                |   |   |   |
|                                                                         |    |                |    |   |                |   |   |                |   |        |                |   |   |   |
| Assets                                                                       |    |                |    |   |                |   |   |                |   |        |                |   |   |   |
| Investment securities                                                        |    |                |    |   |                |   |   |                |   |        |                |   |   |   |
|     Debt                                                 |    |                |    |   |                |   |   |                |   |        |                |   |   |   |
|        U.S. corporate                     | $       | 554            |    | $      | 19,033         |   | $      | 3,054          |   | $           | –   |   | $      | 22,641  |
|        State and municipal                |    | –   |    |   | 2,189          |   |   | 205            |   |        | –   |   |   | 2,394  |
|        Residential mortgage-backed        |    | –   |    |   | 3,195          |   |   | 123            |   |        | –   |   |   | 3,318  |
|        Commercial mortgage-backed         |    | –   |    |   | 2,647          |   |   | 58             |   |        | –   |   |   | 2,705  |
|        Asset-backed                       |    | –   |    |   | 860            |   |   | 1,874          |   |        | –   |   |   | 2,734  |
|        Corporate - non-U.S.               |    | 154            |    |   | 755            |   |   | 1,114          |   |        | –   |   |   | 2,023  |
|        Government - non-U.S.              |    | 1,114          |    |   | 1,374          |   |   | 163            |   |        | –   |   |   | 2,651  |
|        U.S. government and federal agency |    | 9              |    |   | 2,307          |   |   | 256            |   |        | –   |   |   | 2,572  |
|      Retained interests                             |    | –   |    |   | –   |   |   | 8,831          |   |        | –   |   |   | 8,831  |
|      Equity                                         |    |                |    |   |                |   |   |                |   |        |                |   |   |   |
|        Available-for-sale                 |    | 523            |    |   | 184            |   |   | 19             |   |        | –   |   |   | 726  |
|        Trading                            |    | 720            |    |   | –   |   |   | –   |   |        | –   |   |   | 720  |
| Derivatives(e)                                                               |    | –   |    |   | 10,526         |   |   | 771            |   |        | (3,618)             |   |   | 7,679  |
| Other(f)                                                                     |    | –   |    |   | –   |   |   | 554            |   |        | –   |   |   | 554  |
| Total                                                                        | $       | 3,074          |    | $      | 43,070         |   | $      | 17,022         |   | $           | (3,618)             |   | $      | 59,548  |
|                                                                         |    |                |    |   |                |   |   |                |   |        |                |   |   |   |
| Liabilities                                                                  |    |                |    |   |                |   |   |                |   |        |                |   |   |   |
| Derivatives                                                                  | $       | –   |    | $      | 7,037          |   | $      | 220            |   | $           | (3,630)             |   | $      | 3,627  |
| Other                                                                        |    | –   |    |   | 32             |   |   | –   |   |        | –   |   |   | 32  |
| Total                                                                        | $       | –   |    | $      | 7,069          |   | $      | 220            |   | $           | (3,630)             |   | $      | 3,659  |
|                                                                         |    |                |    |   |                |   |   |                |   |        |                |   |   |   |
|                                                                         |    |                |    |   |                |   |   |                |   |        |                |   |   |   |

| (a) | Included in Level 1 at December 31, 2010 was $76 million of available-for-sale equity transferred from Level 2 due to the expiration of sale restrictions on the security. Additionally, $110 million of government non-U.S. bonds were reclassified from Level 1 to Level 2. Other transfers to and from Level 1 and Level 2 were insignificant. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Level 3 investment securities valued using non-binding broker quotes totaled $1,054 million and $1,042 million at December 31, 2010 and 2009, respectively, and were classified as available-for-sale securities. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | The netting of derivative receivables and payables is permitted when a legally enforceable master netting agreement exists. Included fair value adjustments related to our own and counterparty credit risk. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d)   | Substantially all of our retained interests were consolidated in connection with our adoption of ASU 2009-16 & 17 on January 1, 2010. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------|

| (e)   | The fair value of derivatives included an adjustment for non-performance risk. At December 31, 2010 and 2009, the cumulative adjustment was a loss of $9 million and a gain of $12 million, respectively. See Note 15 for additional information on the composition of our derivative portfolio. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (f)   | Included private equity investments and loans designated under the fair value option. |
|-----------------|---------------------------------------------------------------------------------------|

----

|                                                                  |       |                |          |   | Net realized/       |   |        |                |      |   |                |   |   | Net change          |   |
|-----------------------------------------------------------------------|------------|---------------------|---------------|--------|---------------------|--------|-------------|---------------------|-----------|--------|---------------------|--------|--------|---------------------|--------|
|                                                                  |       |                |          |   | unrealized          |   |        |                |      |   |                |   |   | in unrealized       |   |
|                                                                  |       |                |          |   | gains (losses)      |   |        |                |      |   |                |   |   | gains (losses)      |   |
|                                                                  |       |                | Net realized/ |   | included in         |   |        |                |      |   |                |   |   | relating to         |   |
|                                                                  |       |                | unrealized    |   | accumulated         |   | Purchases,  |                | Transfers |   |                |   |   | instruments         |   |
|                                                                  |       |                | gains(losses) |   | other               |   | issuances   |                | in and/or |   |                |   |   | still held at       |   |
|                                                                  | January 1, |                | included in   |   | comprehensive       |   | and         |                | out of    |   | December 31,        |   |   | December 31,        |   |
| (In millions)                                                         | 2010  | (a)                 | earnings      | (b)    | income              |   | settlements |                | Level 3   | (c)    | 2010           |   |   | 2010           | (d)    |
|                                                                  |       |                |          |   |                |   |        |                |      |   |                |   |   |                |   |   |   |   |   |   |   |   |
| Investment securities                                  |       |                |          |   |                |   |        |                |      |   |                |   |   |                |   |   |   |   |   |   |   |   |
|     Debt                                          |       |                |          |   |                |   |        |                |      |   |                |   |   |                |   |   |   |   |   |   |   |   |
|       U.S. corporate                    | $          | 3,053          |          | $      | 78             |   | $           | 277            |      | $      | (201)               |   | $      | (9)                 |   | $ | 3,198  |   |   | $ | –   |   |
|       State and municipal               |       | 205            |          |   | –   |   |        | 25             |      |   | (5)                 |   |   | –   |   |   | 225  |   |   |   | –   |   |
|       Residential                       |       |                |          |   |                |   |        |                |      |   |                |   |   |                |   |   |   |   |   |   |   |   |
|          mortgage-backed |       | 123            |          |   | (1)                 |   |        | 13             |      |   | 2              |   |   | (71)                |   |   | 66  |   |   |   | –   |   |
|       Commercial                        |       |                |          |   |                |   |        |                |      |   |                |   |   |                |   |   |   |   |   |   |   |   |
|          mortgage-backed |       | 1,041          |          |   | 30             |   |        | (2)                 |      |   | (1,017)             |   |   | (3)                 |   |   | 49  |   |   |   | –   |   |
|       Asset-backed                      |       | 1,872          |          |   | 25             |   |        | 14             |      |   | 733            |   |   | (104)               |   |   | 2,540  |   |   |   | –   |   |
|       Corporate - non-U.S.              |       | 1,331          |          |   | (38)                |   |        | (39)                |      |   | 250            |   |   | (18)                |   |   | 1,486  |   |   |   | –   |   |
|       Government -                      |       |                |          |   |                |   |        |                |      |   |                |   |   |                |   |   |   |   |   |   |   |   |
|          non-U.S.        |       | 163            |          |   | –   |   |        | (8)                 |      |   | –   |   |   | 1              |   |   | 156  |   |   |   | –   |   |
|       U.S. government and               |       |                |          |   |                |   |        |                |      |   |                |   |   |                |   |   |   |   |   |   |   |   |
|          federal agency  |       | 256            |          |   | –   |   |        | (44)                |      |   | (2)                 |   |   | –   |   |   | 210  |   |   |   | –   |   |
|     Retained interests                            |       | 45             |          |   | (1)                 |   |        | 3              |      |   | (8)                 |   |   | –   |   |   | 39  |   |   |   | –   |   |
|     Equity                                        |       |                |          |   |                |   |        |                |      |   |                |   |   |                |   |   |   |   |   |   |   |   |
|       Available-for-sale                |       | 19             |          |   | –   |   |        | 3              |      |   | –   |   |   | 2              |   |   | 24  |   |   |   | 1  |   |
|       Trading                           |       | –   |          |   | –   |   |        | –   |      |   | –   |   |   | –   |   |   | –   |   |   |   | –   |   |
| Derivatives(e)(f)                                                     |       | 205            |          |   | 186            |   |        | 15             |      |   | (66)                |   |   | (113)               |   |   | 227  |   |   |   | 15  |   |
| Other                                                                 |       | 480            |          |   | 2              |   |        | (31)                |      |   | (1)                 |   |   | –   |   |   | 450  |   |   |   | –   |   |
| Total                                                                 | $          | 8,793          |          | $      | 281            |   | $           | 226            |      | $      | (315)               |   | $      | (315)               |   | $ | 8,670  |   |   | $ | 16  |   |
|                                                                  |       |                |          |   |                |   |        |                |      |   |                |   |   |                |   |   |   |   |   |   |   |   |
|                                                                  |       |                |          |   |                |   |        |                |      |   |                |   |   |                |   |   |   |   |   |   |   |   |

| (a)   | Included $1,015 million in debt securities, a reduction in retained interests of $8,782 million and a reduction in derivatives of $365 million related to adoption of ASU 2009-16 & 17. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | Earnings effects are primarily included in the “Revenues from services” and “Interest” captions in the Statement of Earnings. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | Transfers in and out of Level 3 are considered to occur at the beginning of the period. Transfers out of Level 3 were a result of increased use of quotes from independent pricing vendors based on recent trading activity. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d)   | Represented the amount of unrealized gains or losses for the period included in earnings. |
|-----------------|-------------------------------------------------------------------------------------------|

| (e)   | Represented derivative assets net of derivative liabilities and included cash accruals of $(1) million not reflected in the fair value hierarchy table. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

| (f)   | Gains (losses) included in net realized/unrealized gains (losses) included in earnings were offset by the earnings effects from the underlying items that were economically hedged. See Note 15. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                  |       |                |          |   | Net realized/       |   |        |                |      |   |                |   |   | Net change          |   |
|-----------------------------------------------------------------------|------------|---------------------|---------------|--------|---------------------|--------|-------------|---------------------|-----------|--------|---------------------|--------|--------|---------------------|--------|
|                                                                  |       |                |          |   | unrealized          |   |        |                |      |   |                |   |   | in unrealized       |   |
|                                                                  |       |                |          |   | gains (losses)      |   |        |                |      |   |                |   |   | gains (losses)      |   |
|                                                                  |       |                | Net realized/ |   | included in         |   |        |                |      |   |                |   |   | relating to         |   |
|                                                                  |       |                | unrealized    |   | accumulated         |   | Purchases,  |                | Transfers |   |                |   |   | instruments         |   |
|                                                                  |       |                | gains(losses) |   | other               |   | issuances   |                | in and/or |   |                |   |   | still held at       |   |
|                                                                  | January 1, |                | included in   |   | comprehensive       |   | and         |                | out of    |   | December 31,        |   |   | December 31,        |   |
| (In millions)                                                         | 2009  |                | earnings      | (a)    | income              |   | settlements |                | Level 3   | (b)    | 2009           |   |   | 2009           | (c)    |
|                                                                  |       |                |          |   |                |   |        |                |      |   |                |   |   |                |   |   |   |   |   |   |   |   |
| Investment securities                                  |       |                |          |   |                |   |        |                |      |   |                |   |   |                |   |   |   |   |   |   |   |   |
|     Debt                                          |       |                |          |   |                |   |        |                |      |   |                |   |   |                |   |   |   |   |   |   |   |   |
|       U.S. corporate                    | $          | 2,940          |          | $      | 41             |   | $           | 359            |      | $      | (292)               |   | $      | 6              |   | $ | 3,054  |   |   | $ | –   |   |
|       State and municipal               |       | 252            |          |   | –   |   |        | (101)               |      |   | 18             |   |   | 36             |   |   | 205  |   |   |   | –   |   |
|       Residential                       |       |                |          |   |                |   |        |                |      |   |                |   |   |                |   |   |   |   |   |   |   |   |
|          mortgage-backed |       | 173            |          |   | (1)                 |   |        | (6)                 |      |   | (20)                |   |   | (23)                |   |   | 123  |   |   |   | –   |   |
|       Commercial                        |       |                |          |   |                |   |        |                |      |   |                |   |   |                |   |   |   |   |   |   |   |   |
|          mortgage-backed |       | 70             |          |   | –   |   |        | (5)                 |      |   | (8)                 |   |   | 1              |   |   | 58  |   |   |   | –   |   |
|       Asset-backed                      |       | 1,601          |          |   | 3              |   |        | 246            |      |   | 98             |   |   | (74)                |   |   | 1,874  |   |   |   | –   |   |
|       Corporate - non-U.S.              |       | 790            |          |   | –   |   |        | 108            |      |   | 44             |   |   | 172            |   |   | 1,114  |   |   |   | –   |   |
|       Government -                      |       |                |          |   |                |   |        |                |      |   |                |   |   |                |   |   |   |   |   |   |   |   |
|          non-U.S.        |       | 424            |          |   | –   |   |        | 10             |      |   | (10)                |   |   | (261)               |   |   | 163  |   |   |   | –   |   |
|       U.S. government and               |       |                |          |   |                |   |        |                |      |   |                |   |   |                |   |   |   |   |   |   |   |   |
|          federal agency  |       | 153            |          |   | –   |   |        | 103            |      |   | –   |   |   | –   |   |   | 256  |   |   |   | –   |   |
|     Retained interests                            |       | 6,356          |          |   | 1,273          | (d)    |        | 382            |      |   | 820            |   |   | –   |   |   | 8,831  |   |   |   | 252  |   |
|     Equity                                        |       |                |          |   |                |   |        |                |      |   |                |   |   |                |   |   |   |   |   |   |   |   |
|       Available-for-sale                |       | 23             |          |   | (1)                 |   |        | 3              |      |   | (1)                 |   |   | (5)                 |   |   | 19  |   |   |   | –   |   |
|       Trading                           |       | –   |          |   | –   |   |        | –   |      |   | –   |   |   | –   |   |   | –   |   |   |   | –   |   |
| Derivatives(e)                                                        |       | 956            |          |   | 87             |   |        | (31)                |      |   | (302)               |   |   | (140)               |   |   | 570  |   |   |   | 104  |   |
| Other                                                                 |       | 551            |          |   | 1              |   |        | 30             |      |   | (28)                |   |   | –   |   |   | 554  |   |   |   | 3  |   |
| Total                                                                 | $          | 14,289         |          | $      | 1,403          |   | $           | 1,098          |      | $      | 319            |   | $      | (288)               |   | $ | 16,821  |   |   | $ | 359  |   |
|                                                                  |       |                |          |   |                |   |        |                |      |   |                |   |   |                |   |   |   |   |   |   |   |   |
|                                                                  |       |                |          |   |                |   |        |                |      |   |                |   |   |                |   |   |   |   |   |   |   |   |

| (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 out of Level 3 were a result of increased use of quotes from independent pricing vendors based on recent trading activity. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | Represented the amount of unrealized gains or losses for the period included in earnings. |
|-----------------|-------------------------------------------------------------------------------------------|

| (d)   | Primarily comprised of interest accretion. |
|-----------------|--------------------------------------------|

| (e)   | Represented derivative assets net of derivative liabilities and included cash accruals of $19 million not reflected in the fair value hierarchy table. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                 | Remeasured during the year ended December 31 |
|------------------------------------------------------|----------------------------------------------|
|                                                 | 2010                                    |   | 2009  |
| (In millions)                                        | Level 2                                      |   | Level 3 |   | Level 2 |   | Level 3 |
|                                                 |                                         |   |   |   |   |   |   |   |   |   |   |
| Financing receivables and loans held for sale        | $                                            | 54  |   | $ | 6,833  |   | $ | 81  |   | $ | 5,351  |
| Cost and equity method investments(a)                |                                         |  –   |   |   | 378  |   |   |  –   |   |   | 1,006  |
| Long-lived assets, including real estate             |                                         | 1,025  |   |   | 5,809  |   |   | 435  |   |   | 5,012  |
| Retained investments in formerly                     |                                         |   |   |   |   |   |   |   |   |   |   |
|     consolidated subsidiaries(b) |                                         |  –   |   |   |  –   |   |   |  –   |   |   | 5,903  |
| Total                                                | $                                            | 1,079  |   | $ | 13,020  |   | $ | 516  |   | $ | 17,272  |
|                                                 |                                         |   |   |   |   |   |   |   |   |   |   |
|                                                 |                                         |   |   |   |   |   |   |   |   |   |   |

| (a)   | Includes the fair value of private equity and real estate funds included in Level 3 of $296 million and $409 million at December 31, 2010 and 2009, respectively. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | During 2010, our retained investment in Regency, a formerly consolidated subsidiary, was remeasured to a Level 1 fair value of $549 million. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------|

|                                                       | Year ended December 31 |
|------------------------------------------------------------|------------------------|
| (In millions)                                              | 2010              |   | 2009  |
|                                                       |                   |   |   |   |   |
| Financing receivables and loans held for sale              | $                      | (1,745) |   | $ | (1,683) |
| Cost and equity method investments(a)                      |                   | (246) |   |   | (921) |
| Long-lived assets, including real estate(b)                |                   | (2,959) |   |   | (1,032) |
| Retained investments in formerly consolidated subsidiaries |                   | 109  |   |   | 237  |
| Total                                                      | $                      | (4,841) |   | $ | (3,399) |
|                                                       |                   |   |   |   |   |
|                                                       |                   |   |   |   |   |

| (a)   | Includes fair value adjustments associated with private equity and real estate funds of $(198) million and $(238) million during 2010 and 2009, respectively. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | Includes $2,089 million of impairments related to real estate equity properties and investments recorded in operating and administrative expenses during 2010. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                          | 2010    |              | 2009            |
|---------------------------------------------------------------|--------------|-------------------|----------------------|
|                                                          |         |              | Assets (liabilities) |   |   |   |   | Assets (liabilities) |
| December 31 (In millions)                                     | Notional     |              | Carrying             |   |   | Estimated |   | Notional |   | Carrying |   | Estimated |
| amount                                                        | amount (net) |              | fair value           | amount |   | amount (net) | fair value |
| Assets                                                        |         |              |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Loans(b)                              | $            | (a)               |                 | $ |  273,969  |   | $ |  270,344  |   | $ | (a) |   | $ |  273,263  |   | $ |  259,799  |
|     Other commercial mortgages            |         | (a)               |                 |   |  1,041  |   |   |  1,103  |   |   | (a) |   |   |  1,151  |   |   |  1,198  |
|     Loans held for sale                   |         | (a)               |                 |   |  287  |   |   |  287  |   |   | (a) |   |   |  1,303  |   |   |  1,343  |
|     Other financial instruments(d)        |         | (a)               |                 |   |  2,103  |   |   |  2,511  |   |   | (a) |   |   |  2,096  |   |   |  2,385  |
| Liabilities                                                   |         |              |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Borrowings and bank deposits(b)(c)(e) |         | (a)               |                 |   |  (470,562) |   |   |  (482,765) |   |   | (a) |   |   |  (493,585) |   |   |  (499,409) |
|     Investment contract benefits          |         | (a)               |                 |   |  (3,726) |   |   |  (4,264) |   |   | (a) |   |   |  (3,940) |   |   |  (4,397) |
|     Guaranteed investment contracts       |         | (a)               |                 |   |  (5,502) |   |   |  (5,524) |   |   | (a) |   |   |  (8,310) |   |   |  (8,394) |
|     Insurance - credit life(f)            |         |  1,825  |                 |   |  (103) |   |   |  (69) |   |   |  1,595  |   |   |  (80) |   |   |  (53) |
|                                                          |         |              |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                          |         |              |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a)   | These financial instruments do not have notional amounts. |
|-----------------|-----------------------------------------------------------|

| (b)   | Amounts at December 31, 2010 reflect our adoption of ASU 2009-16 & 17 on January 1, 2010. See Notes 4, 8 and 17 |
|-----------------|---------------------------------------------------------------------------------------------------------------------|

| (c)   | See Note 8. |
|-----------------|-------------|

| (d)   | Principally cost method investments. |
|-----------------|--------------------------------------|

| (e)   | Fair values exclude interest rate and currency derivatives designated as hedges of borrowings. Had they been included, the fair value of borrowings at December 31, 2010 and 2009 would have been reduced by $4,298 million and $2,856 million, respectively. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (f)   | Net of reinsurance of $2,800 million at both December 31, 2010 and 2009. |
|-----------------|--------------------------------------------------------------------------|

----

|                                                  | Notional amount |
|-------------------------------------------------------|-----------------|
| December 31 (In millions)                             | 2010       |   | 2009  |
|                                                  |            |   |   |   |   |
| Ordinary course of business lending commitments(a)(b) | $               |  4,507  |   | $ | 6,676  |
| Unused revolving credit lines(c)                      |            |   |   |   |   |
|    Commercial(d)                       |            |  23,779  |   |   | 31,760  |
|    Consumer - principally credit cards |            |  227,006  |   |   | 229,386  |
|                                                  |            |   |   |   |   |
|                                                  |            |   |   |   |   |

| (a)   | Excluded investment commitments of $1,990 million and $2,659 million as of December 31, 2010 and 2009, respectively. |
|-----------------|----------------------------------------------------------------------------------------------------------------------|

| (b)   | Included a $972 million commitment as of December 31, 2009, associated with a secured financing arrangement that could have increased to a maximum of $4,998 million based on the asset volume under the arrangement. This commitment was terminated during the third quarter of 2010. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | Excluded inventory financing arrangements, which may be withdrawn at our option, of $11,840 million and $13,889 million as of December 31, 2010 and 2009, respectively. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d)   | Included commitments of $16,243 million and $17,643 million as of December 31, 2010 and 2009, respectively, associated with secured financing arrangements that could have increased to a maximum of $20,268 million and $23,992 million at December 31, 2010 and 2009, respectively, based on asset volume under the arrangement. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                | At December 31, 2010 |                 | At December 31, 2009 |
|-----------------------------------------------------|----------------------|----------------------|----------------------|
|                                                | fair value           |                 | fair value           |
| (In millions)                                       | Assets               |                 | Liabilities          |   | Assets |   | Liabilities |
|                                                |                 |                 |                 |   |   |   |   |   |   |   |   |
| Derivatives accounted for as hedges                 |                 |                 |                 |   |   |   |   |   |   |   |   |
|     Interest rate contracts     | $                    |  5,959     |                 | $ |  2,675  |   | $ |  4,477  |   | $ |  3,469  |
|     Currency exchange contracts |                 |  2,915     |                 |   |  2,422  |   |   |  4,199  |   |   |  2,325  |
|     Other contracts             |                 |  –   |                 |   |  –   |   |   |  10  |   |   |  4  |
|                                                |                 |  8,874     |                 |   |  5,097  |   |   |  8,686  |   |   |  5,798  |
|                                                |                 |                 |                 |   |   |   |   |   |   |   |   |
| Derivatives not accounted for as hedges             |                 |                 |                 |   |   |   |   |   |   |   |   |
|     Interest rate contracts     |                 |  294       |                 |   |  552  |   |   |  963  |   |   |  891  |
|     Currency exchange contracts |                 |  1,281     |                 |   |  653  |   |   |  1,319  |   |   |  463  |
|     Other contracts             |                 |  274       |                 |   |  50  |   |   |  329  |   |   |  105  |
|                                                |                 |  1,849     |                 |   |  1,255  |   |   |  2,611  |   |   |  1,459  |
|                                                |                 |                 |                 |   |   |   |   |   |   |   |   |
| Netting adjustments(a)                              |                 |  (3,646)        |                 |   |  (3,637) |   |   |  (3,618) |   |   |  (3,630) |
|                                                |                 |                 |                 |   |   |   |   |   |   |   |   |
| Total                                               | $                    |  7,077     |                 | $ |  2,715  |   | $ |  7,679  |   | $ |  3,627  |
|                                                |                 |                 |                 |   |   |   |   |   |   |   |   |
|                                                |                 |                 |                 |   |   |   |   |   |   |   |   |

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

| (a)   | The netting of derivative receivables and payables is permitted when a legally enforceable master netting agreement exists. Amounts included fair value adjustments related to our own and counterparty non-performance risk. At December 31, 2010 and 2009, the cumulative adjustment for non-performance risk was a loss of $9 million and a gain of $12 million, respectively. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                        |   | Year ended        |              |        | Year ended        |
|-----------------------------|--------|-------------------|-------------------|-------------|-------------------|
|                        |   | December 31, 2010 |              |        | December 31, 2009 |
| (In millions)               |   | Gain (loss)       |              | Gain (loss) |              | Gain (loss) |   | Gain (loss) |
|                        |   | on hedging        |              | on hedged   |              | on hedging |   | on hedged |
|                        |   | derivatives       |              | items       |              | derivatives |   | items |
|                        |   |              |              |        |              |   |   |   |   |   |   |   |
| Interest rate contracts     |   | $                 |  2,387  |        | $                 |  (2,924) |   | $ |  (5,194) |   | $ |  4,998  |
| Currency exchange contracts |   |              |  47     |        |              |  (60) |   |   |  (1,106) |   |   |  1,093  |
|                        |   |              |              |        |              |   |   |   |   |   |   |   |
|                        |   |              |              |        |              |   |   |   |   |   |   |   |

----

|                        | Gain (loss) recognized |          | Gain (loss) reclassified from |
|-----------------------------|------------------------|---------------|-------------------------------|
|                        | in AOCI for the        |          | AOCI into earnings for the    |
|                        | year ended December 31 |          | year ended December 31        |
| (In millions)               | 2010              |          | 2009                     |   | 2010  |   | 2009  |
|                        |                   |          |                          |   |   |   |   |   |   |   |   |
| Cash flow hedges            |                   |          |                          |   |   |   |   |   |   |   |   |
| Interest rate contracts     | $                      |  (571)   |                          | $ |  (854) |   | $ |  (1,352) |   | $ |  (2,043) |
| Currency exchange contracts |                   |  (413)   |                          |   |  2,392  |   |   |  (380) |   |   |  1,070  |
| Commodity contracts         |                   |  5  |                          |   |  (25) |   |   | –   |   |   | –   |
| Total                       | $                      |  (979)   |                          | $ |  1,513  |   | $ |  (1,732) |   | $ |  (973) |
|                        |                   |          |                          |   |   |   |   |   |   |   |   |
|                        |                   |          |                          |   |   |   |   |   |   |   |   |

|                        | Gain (loss) recognized |          | Gain (loss) reclassified |
|-----------------------------|------------------------|---------------|--------------------------|
|                        | in CTA for the         |          | from CTA for the         |
|                        | year ended December 31 |          | year ended December 31   |
| (In millions)               | 2010              |          | 2009                |   | 2010  |   | 2009  |
|                        |                   |          |                     |   |   |   |   |   |   |   |   |
| Net investment hedges       |                   |          |                     |   |   |   |   |   |   |   |   |
| Currency exchange contracts | $                      |  (2,023) |                     | $ |  (6,240) |   | $ |  (38) |   | $ |  (84) |
|                        |                   |          |                     |   |   |   |   |   |   |   |   |

----

| Counterparty credit criteria                   |          |   |      |
|------------------------------------------------|---------------|--------|-----------|
|                                           | Credit rating |
|                                           | Moody's       |   | S & P |
|                                           |          |   |      |
| Foreign exchange forwards (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 typically have a minimum A3/A - rating. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

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

| (a) | For derivatives with exposures 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. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| NOTE 16. | SUPPLEMENTAL INFORMATION ABOUT THE CREDIT QUALITY OF FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES |
|----------|------------------------------------------------------------------------------------------------------------------------------|

----

| Commercial                                          | Financing receivables at |          |
|-----------------------------------------------------|--------------------------|---------------|
|                                                | December 31,             |          | January 1, |   | December 31, |   |
| (In millions)                                       | 2010                |          | 2010(a) |   | 2009  |   |
|                                                |                     |          |   |   |   |   |   |   |   |
| CLL(b)                                              |                     |          |   |   |   |   |   |   |   |
| Americas                                            | $                        | 86,596   |   | $ | 99,666  |   | $ | 87,496  |   |
| Europe                                              |                     | 37,498   |   |   | 43,403  |   |   | 41,455  |   |
| Asia                                                |                     | 11,943   |   |   | 13,159  |   |   | 13,202  |   |
| Other                                               |                     | 2,626    |   |   | 2,836  |   |   | 2,836  |   |
| Total CLL                                           |                     | 138,663  |   |   | 159,064  |   |   | 144,989  |   |
|                                                |                     |          |   |   |   |   |   |   |   |
| Energy Financial Services                           |                     | 7,011    |   |   | 7,790  |   |   | 7,790  |   |
|                                                |                     |          |   |   |   |   |   |   |   |
| GECAS(b)                                            |                     | 12,615   |   |   | 13,254  |   |   | 13,254  |   |
|                                                |                     |          |   |   |   |   |   |   |   |
| Other(c)                                            |                     | 1,788    |   |   | 2,614  |   |   | 2,614  |   |
|                                                |                     |          |   |   |   |   |   |   |   |
| Total Commercial financing receivables,             |                     |          |   |   |   |   |   |   |   |
|     before allowance for losses | $                        | 160,077  |   | $ | 182,722  |   | $ | 168,647  |   |
|                                                |                     |          |   |   |   |   |   |   |   |
| Non-impaired financing receivables                  | $                        | 154,257  |   | $ | 177,637  |   | $ | 163,661  |   |
| General reserves                                    |                     | 1,014    |   |   | 1,200  |   |   | 1,102  |   |
|                                                |                     |          |   |   |   |   |   |   |   |
| Impaired loans                                      |                     | 5,820    |   |   | 5,085  |   |   | 4,986  |   |
| Specific reserves                                   |                     | 1,031    |   |   | 1,031  |   |   | 1,073  |   |
|                                                |                     |          |   |   |   |   |   |   |   |
|                                                |                     |          |   |   |   |   |   |   |   |

| (a) | Reflects the effects of our adoption of ASU 2009-16 & 17 on January 1, 2010. |
|-----|----------------------------------------------------------------------------------|

| (b) | During the first quarter of 2010, we transferred the Transportation Financial Services business from GECAS to CLL and the Consumer business in Italy from Consumer to CLL. Prior-period amounts were reclassified to conform to the current-period presentation. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | Primarily consisted of loans and financing leases in former consolidated, liquidating securitization entities, which became wholly owned affiliates in December 2010. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Commercial                | December 31, 2010    |   |                 |   | December 31, 2009 |   |
|---------------------------|----------------------|--------|----------------------|--------|-------------------|--------|
|                      | Over 30 days         |   | Over 90 days         |   |              |   | Over 30 days |   | Over 90 days |   |
| (In millions)             | past due             |   | past due             |   |              |   | past due |   | past due |   |
|                      |                 |   |                 |   |              |   |   |   |   |   |
| CLL                       |                 |   |                 |   |              |   |   |   |   |   |
| Americas                  | 1.3             | %      | 0.8             | %      |              |   | 2.1  | % | 1.5  | % |
| Europe                    | 4.2             |   | 2.3             |   |              |   | 5.0  |   | 3.0  |   |
| Asia                      | 2.2             |   | 1.4             |   |              |   | 3.9  |   | 3.1  |   |
| Other                     | 0.7             |   | 0.3             |   |              |   | 1.5  |   | 0.8  |   |
| Total CLL                 | 2.1             |   | 1.3             |   |              |   | 3.1  |   | 2.0  |   |
|                      |                 |   |                 |   |              |   |   |   |   |   |
| Energy Financial Services | 0.9             |   | 0.8             |   |              |   | 0.6  |   | 0.6  |   |
|                      |                 |   |                 |   |              |   |   |   |   |   |
| GECAS                     |  –   |   |  –   |   |              |   | 1.2  |   | 1.2  |   |
|                      |                 |   |                 |   |              |   |   |   |   |   |
| Other                     | 5.8             |   | 5.5             |   |              |   | 1.6  |   | 1.3  |   |
|                      |                 |   |                 |   |              |   |   |   |   |   |

| Commercial(a)                      | Nonaccrual financing receivables at |          |       | Nonearning financing receivables at |         |
|------------------------------------|-------------------------------------|---------------|------------|-------------------------------------|--------------|
|                               | December 31,                        |          | January 1, |                                | December 31, |   |   | December 31, |   | January 1, |   | December 31, |   |
| (In millions)                      | 2010                           |          | 2010(b)    |                                | 2009    |   |   | 2010  |   | 2010(b) |   | 2009  |   |
|                               |                                |          |       |                                |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CLL                                |                                |          |       |                                |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Americas                           | $                                   | 3,206    |       | $                                   | 3,776   |   | $ | 3,484  |   |   | $ | 2,571  |   | $ | 3,437  |   | $ | 3,155  |   |
| Europe                             |                                | 1,415    |       |                                | 1,441   |   |   | 1,441  |   |   |   | 1,241  |   |   | 1,441  |   |   | 1,441  |   |
| Asia                               |                                | 616      |       |                                | 559     |   |   | 576  |   |   |   | 406  |   |   | 559  |   |   | 576  |   |
| Other                              |                                | 9        |       |                                | 24      |   |   | 24  |   |   |   | 8  |   |   | 24  |   |   | 24  |   |
| Total CLL                          |                                | 5,246    |       |                                | 5,800   |   |   | 5,525  |   |   |   | 4,226  |   |   | 5,461  |   |   | 5,196  |   |
|                               |                                |          |       |                                |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Energy Financial Services          |                                | 78       |       |                                | 183     |   |   | 183  |   |   |   | 62  |   |   | 78  |   |   | 78  |   |
|                               |                                |          |       |                                |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| GECAS                              |                                | –  |       |                                | 153     |   |   | 153  |   |   |   | –  |   |   | 153  |   |   | 153  |   |
|                               |                                |          |       |                                |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other                              |                                | 139      |       |                                | 95      |   |   | 95  |   |   |   | 102  |   |   | 72  |   |   | 72  |   |
| Total                              | $                                   | 5,463    |       | $                                   | 6,231   |   | $ | 5,956  |   |   | $ | 4,390  |   | $ | 5,764  |   | $ | 5,499  |   |
|                               |                                |          |       |                                |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Allowance for losses               |                                |          |       |                                |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     percentage |                                | 37.4     | %          |                                | 35.8    | % |   | 36.5  | %    |   |   | 46.6  | % |   | 38.7  | % |   | 39.6  | % |
|                               |                                |          |       |                                |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                               |                                |          |       |                                |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a)   | During the first quarter of 2010, we transferred the Consumer business in Italy from Consumer to CLL. Prior period amounts were reclassified to conform to the current-period presentation. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | Reflects the effects of our adoption of ASU 2009-16 & 17 on January 1, 2010. |
|-----------------|----------------------------------------------------------------------------------|

----

| Commercial(a)             | With no specific allowance |                 | With a specific allowance |
|---------------------------|----------------------------|----------------------|---------------------------|
|                      |  Recorded             |                 | Unpaid                    |   | Average |   |  Recorded |   | Unpaid |   |   |   | Average |
|                      | investment                 |                 | principal                 |   | investment in |   | investment |   | principal |   | Associated |   | investment in |
| (In millions)             | in loans                   |                 | balance                   |   | loans |   | in loans |   | balance |   | allowance |   | loans |
|                      |                       |                 |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| December 31, 2010         |                       |                 |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                      |                       |                 |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CLL                       |                       |                 |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Americas                  | $                          | 2,030           |                      | $ | 2,127  |   | $ | 1,547  |   | $ | 1,699  |   | $ | 1,744  |   | $ | 589  |   | $ | 1,754  |
| Europe                    |                       | 802             |                      |   | 674  |   |   | 629  |   |   | 566  |   |   | 566  |   |   | 267  |   |   | 563  |
| Asia                      |                       | 119             |                      |   | 117  |   |   | 117  |   |   | 338  |   |   | 303  |   |   | 132  |   |   | 334  |
| Other                     |                       |  –   |                      |   |  –   |   |   | 9  |   |   |  –   |   |   |  –   |   |   |  –   |   |   |  –   |
| Total CLL                 |                       | 2,951           |                      |   | 2,918  |   |   | 2,302  |   |   | 2,603  |   |   | 2,613  |   |   | 988  |   |   | 2,651  |
| Energy Financial Services |                       | 54              |                      |   | 61  |   |   | 76  |   |   | 24  |   |   | 24  |   |   | 6  |   |   | 70  |
| GECAS                     |                       | 24              |                      |   | 24  |   |   | 50  |   |   |  –   |   |   |  –   |   |   |  –   |   |   | 31  |
| Other                     |                       | 58              |                      |   | 57  |   |   | 30  |   |   | 106  |   |   | 99  |   |   | 37  |   |   | 82  |
| Total                     | $                          | 3,087           |                      | $ | 3,060  |   | $ | 2,458  |   | $ | 2,733  |   | $ | 2,736  |   | $ | 1,031  |   | $ | 2,834  |
|                      |                       |                 |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                      |                       |                 |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a) | We recognized $88 million of interest income for the year ended December 31, 2010, principally on a cash basis. A substantial majority of this amount was related to income recognized in our CLL – Americas business. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Commercial                |    |          |   |   |                |   |   |                |   |   |          |
|---------------------------|---------|---------------|--------|--------|---------------------|--------|--------|---------------------|--------|--------|---------------|
|                      | Secured |
| (In millions)             | A       |          | B      |   | C                   |   | Total  |
|                      |    |          |   |   |                |   |   |                |   |   |          |
| December 31, 2010         |    |          |   |   |                |   |   |                |   |   |          |
|                      |    |          |   |   |                |   |   |                |   |   |          |
| CLL                       |    |          |   |   |                |   |   |                |   |   |          |
| Americas                  | $       | 76,977   |   | $      | 4,103          |   | $      | 5,516          |   | $      | 86,596   |
| Europe                    |    | 33,642   |   |   | 840            |   |   | 1,262          |   |   | 35,744   |
| Asia                      |    | 10,777   |   |   | 199            |   |   | 766            |   |   | 11,742   |
| Other                     |    | 2,506    |   |   | 66             |   |   | 54             |   |   | 2,626    |
| Total CLL                 |    | 123,902  |   |   | 5,208          |   |   | 7,598          |   |   | 136,708  |
|                      |    |          |   |   |                |   |   |                |   |   |          |
| Energy Financial Services |    | 6,775    |   |   | 183            |   |   | 53             |   |   | 7,011    |
|                      |    |          |   |   |                |   |   |                |   |   |          |
| GECAS                     |    | 12,089   |   |   | 277            |   |   | 249            |   |   | 12,615   |
|                      |    |          |   |   |                |   |   |                |   |   |          |
| Other                     |    | 1,788    |   |   | –   |   |   | –   |   |   | 1,788    |
| Total                     | $       | 144,554  |   | $      | 5,668          |   | $      | 7,900          |   | $      | 158,122  |
|                      |    |          |   |   |                |   |   |                |   |   |          |

----

| Real Estate                                         | Financing receivables at |         |
|-----------------------------------------------------|--------------------------|--------------|
|                                                | December 31,             |         | January 1, |   | December 31, |   |
| (In millions)                                       | 2010                |         | 2010(a) |   | 2009  |   |
|                                                |                     |         |   |   |   |   |   |   |   |
| Debt                                                | $                        | 30,249  |   | $ | 36,257  |   | $ | 36,565  |   |
| Business properties                                 |                     | 9,962   |   |   | 12,416  |   |   | 8,276  |   |
|                                                |                     |         |   |   |   |   |   |   |   |
| Total Real Estate financing receivables,            |                     |         |   |   |   |   |   |   |   |
|     before allowance for losses | $                        | 40,211  |   | $ | 48,673  |   | $ | 44,841  |   |
|                                                |                     |         |   |   |   |   |   |   |   |
| Non-impaired financing receivables                  | $                        | 30,394  |   | $ | 42,050  |   | $ | 38,323  |   |
| General reserves                                    |                     | 338     |   |   | 498  |   |   | 477  |   |
|                                                |                     |         |   |   |   |   |   |   |   |
| Impaired loans                                      |                     | 9,817   |   |   | 6,623  |   |   | 6,518  |   |
| Specific reserves                                   |                     | 1,150   |   |   | 1,038  |   |   | 1,017  |   |
|                                                |                     |         |   |   |   |   |   |   |   |
|                                                |                     |         |   |   |   |   |   |   |   |

| (a)   | Reflects the effects of our adoption of ASU 2009-16 & 17 on January 1, 2010. |
|-----------------|----------------------------------------------------------------------------------|

| Real Estate         | December 31, 2010 |   |         |      | December 31, 2009   |
|---------------------|-------------------|--------|--------------|-----------|---------------------|
|                | Over 30 days      |   | Over 90 days |      |                |   | Over 30 days |   | Over 90 days |   |
| (In millions)       | past due          |   | past due     |      |                |   | past due |   | past due |   |
|                |              |   |         |      |                |   |   |   |   |   |   |   |
| Debt                | 4.3          | %      |         | 4.1  | %    |   |   | 4.3  | % |   | 3.0  | % |
| Business properties | 4.6          |   |         | 3.9  |                |   |   | 4.4  |   |   | 3.8  |   |
| Total               | 4.4          |   |         | 4.0  |                |   |   | 4.3  |   |   | 3.1  |   |
|                |              |   |         |      |                |   |   |   |   |   |   |   |

| Real Estate                        | Nonaccrual financing receivables at |        |       | Nonearning financing receivables at |         |
|------------------------------------|-------------------------------------|-------------|------------|-------------------------------------|--------------|
|                               | December 31,                        |        | January 1, |                                | December 31, |   |   | December 31, |   | January 1, |   | December 31, |   |
| (In millions)                      | 2010                           |        | 2010(a)    |                                | 2009    |   |   | 2010  |   | 2010(a) |   | 2009  |   |
|                               |                                |        |       |                                |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt                               | $                                   | 9,039  |       | $                                   | 6,342   |   | $ | 6,649  |   |   | $ | 961  |   | $ | 939  |   | $ | 939  |   |
| Business properties                |                                | 680    |       |                                | 493     |   |   | 388  |   |   |   | 386  |   |   | 419  |   |   | 313  |   |
| Total                              | $                                   | 9,719  |       | $                                   | 6,835   |   | $ | 7,037  |   |   | $ | 1,347  |   | $ | 1,358  |   | $ | 1,252  |   |
|                               |                                |        |       |                                |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Allowance for losses               |                                |        |       |                                |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     percentage |                                | 15.3   | %          |                                | 22.5    | % |   | 21.2  | %    |   |   | 110.5  | % |   | 113.1  | % |   | 119.3  | % |
|                               |                                |        |       |                                |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                               |                                |        |       |                                |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a)   | Reflects the effects of our adoption of ASU 2009-16 & 17 on January 1, 2010. |
|-----------------|----------------------------------------------------------------------------------|

----

| Real Estate(a)      | With no specific allowance |        | With a specific allowance |
|---------------------|----------------------------|-------------|---------------------------|
|                | Recorded                   |        | Unpaid                    |   | Average |   | Recorded |   | Unpaid |   |   |   | Average |
|                | investment                 |        | principal                 |   | investment |   | investment |   | principal |   | Associated |   | investment |
| (In millions)       | in loans                   |        | balance                   |   | in loans |   | in loans |   | balance |   | allowance |   | in loans |
|                |                       |        |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| December 31, 2010   |                       |        |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                |                       |        |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt                | $                          | 2,814  |                      | $ | 2,873  |   | $ | 1,598  |   | $ | 6,323  |   | $ | 6,498  |   | $ | 1,007  |   | $ | 6,116  |
| Business properties |                       | 191    |                      |   | 213  |   |   | 141  |   |   | 489  |   |   | 476  |   |   | 143  |   |   | 382  |
| Total               | $                          | 3,005  |                      | $ | 3,086  |   | $ | 1,739  |   | $ | 6,812  |   | $ | 6,974  |   | $ | 1,150  |   | $ | 6,498  |
|                |                       |        |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                |                       |        |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a)   | We recognized $189 million of interest income for the year ended December 31, 2010, principally on a cash basis. A substantial majority of this amount related to our Real Estate–Debt business. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                | Loan-to-value ratio  |
|---------------------|----------------------|
|                | Less than            |   | 80% to |   | Greater than |
| (In millions)       | 80%                  |   | 95% |   | 95% |
|                |                 |   |   |   |   |   |   |   |
| December 31, 2010   |                 |   |   |   |   |   |   |   |
|                |                 |   |   |   |   |   |   |   |
| Debt                | $                    | 12,362  |   | $ | 9,392  |   | $ | 8,495  |
|                |                 |   |   |   |   |   |   |   |
|                | Internal Risk Rating |
| (In millions)       | A                    |   | B |   | C |
|                |                 |   |   |   |   |   |   |   |
| December 31, 2010   |                 |   |   |   |   |   |   |   |
|                |                 |   |   |   |   |   |   |   |
| Business properties | $                    | 8,746  |   | $ | 437  |   | $ | 779  |
|                |                 |   |   |   |   |   |   |   |

----

| Consumer(a)                                         | Financing receivables at |          |
|-----------------------------------------------------|--------------------------|---------------|
|                                                | December 31,             |          | January 1, |   | December 31, |   |
| (In millions)                                       | 2010                |          | 2010(b) |   | 2009  |   |
|                                                |                     |          |   |   |   |   |   |   |   |
| Non-U.S. residential mortgages                      | $                        | 45,536   |   | $ | 54,921  |   | $ | 54,921  |   |
| Non-U.S. installment and revolving credit           |                     | 20,368   |   |   | 23,443  |   |   | 23,443  |   |
| U.S. installment and revolving credit               |                     | 43,974   |   |   | 44,008  |   |   | 20,027  |   |
| Non-U.S. auto                                       |                     | 8,877    |   |   | 12,762  |   |   | 12,762  |   |
| Other                                               |                     | 8,306    |   |   | 10,156  |   |   | 10,156  |   |
| Total Consumer financing receivables,               |                     |          |   |   |   |   |   |   |   |
|     before allowance for losses | $                        | 127,061  |   | $ | 145,290  |   | $ | 121,309  |   |
|                                                |                     |          |   |   |   |   |   |   |   |
| Non-impaired financing receivables                  | $                        | 124,507  |   | $ | 143,593  |   | $ | 119,976  |   |
| General reserves                                    |                     | 3,984    |   |   | 5,488  |   |   | 3,952  |   |
|                                                |                     |          |   |   |   |   |   |   |   |
| Impaired loans                                      |                     | 2,554    |   |   | 1,697  |   |   | 1,333  |   |
| Specific reserves                                   |                     | 555      |   |   | 301  |   |   | 235  |   |
|                                                |                     |          |   |   |   |   |   |   |   |
|                                                |                     |          |   |   |   |   |   |   |   |

| (a) | During the first quarter of 2010, we transferred the Consumer business in Italy from Consumer to CLL. Prior-period amounts were reclassified to conform to the current-period presentation. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Reflects the effects of our adoption of ASU 2009-16 & 17 on January 1, 2010. |
|-----|----------------------------------------------------------------------------------|

| Consumer                                  | December 31, 2010 |   |         |   | December 31, 2009 |   |
|-------------------------------------------|-------------------|--------|--------------|--------|-------------------|--------|
|                                      | Over 30 days      |   | Over 90 days |   |              |   | Over 30 days |   | Over 90 days |   |
| (In millions)                             | past due          |   | past due(a)  |   |              |   | past due |   | past due(a) |   |
|                                      |              |   |         |   |              |   |   |   |   |   |
| Non-U.S. residential mortgages            | 13.3         | %      | 8.4     | %      |              |   | 13.5  | % | 8.3  | % |
| Non-U.S. installment and revolving credit | 4.5          |   | 1.3     |   |              |   | 5.4  |   | 1.8  |   |
| U.S. installment and revolving credit     | 6.2          |   | 2.8     |   |              |   | 9.0  |   | 4.3  |   |
| Non-U.S. auto                             | 3.2          |   | 0.5     |   |              |   | 3.3  |   | 0.5  |   |
| Other                                     | 4.2          |   | 2.3     |   |              |   | 5.4  |   | 3.0  |   |
| Total Consumer                            | 8.1          |   | 4.4     |   |              |   | 9.4  |   | 5.1  |   |
|                                      |              |   |         |   |              |   |   |   |   |   |
|                                      |              |   |         |   |              |   |   |   |   |   |

| (a) | Included $268 million and $236 million of loans at December 31, 2010 and 2009, respectively, which are over 90 days past due and accruing interest. A substantial majority of these loans are covered by third-party mortgage insurance, which provide for payment of principal and interest on the underlying loan. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Consumer(a)                              | Nonaccrual financing receivables at |        |       | Nonearning financing receivables at |         |
|------------------------------------------|-------------------------------------|-------------|------------|-------------------------------------|--------------|
|                                     | December 31,                        |        | January 1, |                                | December 31, |   |   | December 31, |   | January 1, |   | December 31, |   |
| (In millions)                            | 2010                           |        | 2010(b)    |                                | 2009    |   |   | 2010  |   | 2010(b) |   | 2009  |   |
|                                     |                                |        |       |                                |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-U.S. residential mortgages           | $                                   | 4,059  |       | $                                   | 4,352   |   | $ | 4,352  |   |   | $ | 3,812  |   | $ | 4,331  |   | $ | 4,331  |   |
| Non-U.S. installment and                 |                                |        |       |                                |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     revolving credit |                                | 303    |       |                                | 423     |   |   | 423  |   |   |   | 290  |   |   | 409  |   |   | 409  |   |
| U.S. installment and                     |                                |        |       |                                |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     revolving credit |                                | 1,201  |       |                                | 1,624   |   |   | 832  |   |   |   | 1,201  |   |   | 1,624  |   |   | 832  |   |
| Non-U.S. auto                            |                                | 48     |       |                                | 78      |   |   | 78  |   |   |   | 48  |   |   | 66  |   |   | 66  |   |
| Other                                    |                                | 600    |       |                                | 630     |   |   | 630  |   |   |   | 478  |   |   | 610  |   |   | 610  |   |
| Total                                    | $                                   | 6,211  |       | $                                   | 7,107   |   | $ | 6,315  |   |   | $ | 5,829  |   | $ | 7,040  |   | $ | 6,248  |   |
|                                     |                                |        |       |                                |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Allowance for losses                     |                                |        |       |                                |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     percentage       |                                | 73.1   | %          |                                | 81.5    | % |   | 66.3  | %    |   |   | 77.9  | % |   | 82.2  | % |   | 67.0  | % |
|                                     |                                |        |       |                                |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                     |                                |        |       |                                |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a)   | During the first quarter of 2010, we transferred the Consumer business in Italy from Consumer to CLL. Prior-period amounts were reclassified to conform to the current-period presentation. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | Reflects the effects of our adoption of ASU 2009-16 & 17 on January 1, 2010. |
|-----------------|----------------------------------------------------------------------------------|

----

|                           | Loan-to-value ratio |
|--------------------------------|---------------------|
|                           | 80% or              |   | Greater than |   | Greater than |
| (In millions)                  | less                |   | 80% to 90% |   | 90% |
|                           |                |   |   |   |   |   |   |   |
| December 31, 2010              |                |   |   |   |   |   |   |   |
|                           |                |   |   |   |   |   |   |   |
| Non-U.S. residential mortgages | $                   | 25,393  |   | $ | 7,515  |   | $ | 12,628  |
|                           |                |   |   |   |   |   |   |   |

|                                      | Internal ratings translated to             |
|-------------------------------------------|--------------------------------------------|
|                                      | approximate credit bureau equivalent score |
|                                      | 681 or                                     |   | 615 to |   | 614 or |
| (In millions)                             | higher                                     |   | 680  |   | less |
|                                      |                                       |   |   |   |   |   |   |   |
| December 31, 2010                         |                                       |   |   |   |   |   |   |   |
|                                      |                                       |   |   |   |   |   |   |   |
| Non-U.S. installment and revolving credit | $                                          | 10,298  |   | $ | 5,859  |   | $ | 4,211  |
| U.S. installment and revolving credit     |                                       | 25,940  |   |   | 8,846  |   |   | 9,188  |
| Non-U.S. auto                             |                                       | 6,397  |   |   | 1,551  |   |   | 929  |
|                                      |                                       |   |   |   |   |   |   |   |

----

----

| ·   | Trinity is a group of sponsored special purpose entities that holds investment securities, the majority of which are investment grade, and are funded by the issuance of GICs. These entities were consolidated in 2003, and ceased issuing new investment contracts beginning in the first quarter of 2010. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | If the long-term credit rating of GECC were to fall below AA-/Aa3 or its short-term credit rating were to fall below A-1+/P-1, GECC would be required to provide approximately $1,508 million to such entities as of December 31, 2010 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, GECC is required to provide such excess amount. As the borrowings of these entities are already reflected in our consolidated Statement of Financial Position, there would be no change in our debt if this were to occur. As of December 31, 2010, the carrying value of the liabilities of these entities’ was $5,690 million and the fair value of their assets was $5,989 million (which included net unrealized losses on investment securities of $690 million). 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. We have the ability to hold all such debt securities until maturity. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Securitization QSPEs comprise previously off-book QSPEs that were consolidated on January 1, 2010 in connection with our adoption of ASU 2009-16 & 17. These entities were created to facilitate securitization of financial assets and other forms of asset-backed financing which serve as an alternative funding source by providing access to the commercial paper and term markets. The securitization transactions executed with these entities are similar to those used by many financial institutions and substantially all are non-recourse. We provide servicing for substantially all of the assets in these entities. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The financing receivables in these entities have similar risks and characteristics to our other financing receivables and were underwritten to the same standard. Accordingly, the performance of these assets has been similar to our other financing receivables; however, the blended performance of the pools of receivables in these entities reflects the eligibility criteria that we apply to determine which receivables are selected for transfer. Contractually the cash flows from these financing receivables must first be used to pay third-party debt holders as well as other expenses of the entity. Excess cash flows are available to GECS. The creditors of these entities have no claim on other assets of GECS. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Other remaining assets and liabilities of consolidated VIEs relate primarily to four categories of entities: (1) enterprises we acquired that had previously created asset-backed financing entities to fund commercial real estate, middle-market and equipment loans; we are the collateral manager for these entities; (2) entities that have executed on-balance sheet securitizations of financial assets and of third party trade receivables; and (3) insurance entities that, among other lines of business, provide property and casualty and workers’ compensation coverage for GE; and (4) other entities that are involved in power generating, leasing and real estate activities. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                         |    |                 | Consolidated   |   |                 |   |   |                 |   |
|--------------------------------------------------------------|---------|----------------------|----------------|--------|----------------------|--------|--------|----------------------|--------|
|                                                         |    |                 | Liquidating    |   |                 |   |   |                 |   |
|                                                         |    |                 | Securitization |   | Securitization       |   |   |                 |   |
| (In millions)                                                | Trinity | (a)                  | Entities       | (a)    | QSPEs                | (b)(c) | Other  | (c)                  | Total  |
| December 31, 2010                                            |    |                 |           |   |                 |   |   |                 |   |   |   |   |   |   |
| Assets                                                       |    |                 |           |   |                 |   |   |                 |   |   |   |   |   |   |
| Financing receivables, net                                   | $       |  –   |           | $      |  –   |   | $      | 33,997          |   | $ | 5,475  |   | $ | 39,472  |
| Investment securities                                        |    | 5,706           |           |   |  –   |   |   |  –   |   |   | 964  |   |   | 6,670  |
| Other assets(d)                                              |    | 283             |           |   |  –   |   |   | 520             |   |   | 2,237  |   |   | 3,040  |
| Total                                                        | $       | 5,989           |           | $      |  –   |   | $      | 34,517          |   | $ | 8,676  |   | $ | 49,182  |
|                                                         |    |                 |           |   |                 |   |   |                 |   |   |   |   |   |   |
| Liabilities                                                  |    |                 |           |   |                 |   |   |                 |   |   |   |   |   |   |
| Borrowings(d)                                                | $       |  –   |           | $      |  –   |   | $      | 210             |   | $ | 924  |   | $ | 1,134  |
| Non-recourse borrowings of                                   |    |                 |           |   |                 |   |   |                 |   |   |   |   |   |   |
|    consolidated securitization entities       |    |  –   |           |   |  –   |   |   | 26,554          |   |   | 2,890  |   |   | 29,444  |
| Other liabilities(d)                                         |    | 5,690           |           |   |  –   |   |   | 123             |   |   | 846  |   |   | 6,659  |
| Total                                                        | $       | 5,690           |           | $      |  –   |   | $      | 26,887          |   | $ | 4,660  |   | $ | 37,237  |
|                                                         |    |                 |           |   |                 |   |   |                 |   |   |   |   |   |   |
| December 31, 2009                                            |    |                 |           |   |                 |   |   |                 |   |   |   |   |   |   |
| Assets                                                       |    |                 |           |   |                 |   |   |                 |   |   |   |   |   |   |
| Financing receivables, net                                   | $       |  –   |           | $      | 2,576           |   | $      |  –   |   | $ | 4,277  |   | $ | 6,853  |
| Investment securities                                        |    | 6,629           |           |   | –         |   |   |  –   |   |   | 944  |   |   | 7,573  |
| Other assets(d)                                              |    | 716             |           |   | 32              |   |   |  –   |   |   | 1,356  |   |   | 2,104  |
| Total                                                        | $       | 7,345           |           | $      | 2,608           |   | $      |  –   |   | $ | 6,577  |   | $ | 16,530  |
|                                                         |    |                 |           |   |                 |   |   |                 |   |   |   |   |   |   |
| Liabilities                                                  |    |                 |           |   |                 |   |   |                 |   |   |   |   |   |   |
| Borrowings(d)                                                | $       |  –   |           | $      |  –   |   | $      |  –   |   | $ | 1,694  |   | $ | 1,694  |
| Non-recourse borrowings of                                   |    |                 |           |   |                 |   |   |                 |   |   |   |   |   |   |
|     consolidated securitization entities |    |  –   |           |   | 2,424           |   |   |  –   |   |   | 684  |   |   | 3,108  |
| Other liabilities(d)                                         |    | 8,519           |           |   | 80              |   |   |  –   |   |   | 1,403  |   |   | 10,002  |
| Total                                                        | $       | 8,519           |           | $      | 2,504           |   | $      |  –   |   | $ | 3,781  |   | $ | 14,804  |
|                                                         |    |                 |           |   |                 |   |   |                 |   |   |   |   |   |   |
|                                                         |    |                 |           |   |                 |   |   |                 |   |   |   |   |   |   |

| (a) | Entities consolidated on July 1, 2003 or January 1, 2004 as a result of amendments to U.S. GAAP. During 2010, the capital structure of the consolidated liquidating securitization entities changed and they are now consolidated under the voting interest model. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Entities consolidated on January 1, 2010 by the initial application of ASU 2009-16 & 17. |
|-----|----------------------------------------------------------------------------------------------|

| (c)   | In certain transactions entered into prior to December 31, 2004, we provided contractual credit and liquidity support to third parties who funded the purchase of securitized or participated interests in assets. We have not entered into additional arrangements since that date. Liquidity and credit support was $936 million at December 31, 2010 and $2,088 million at December 31, 2009. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d)   | Other assets, borrowings and other liabilities exclude intercompany balances that are eliminated in consolidation. |
|-----------------|--------------------------------------------------------------------------------------------------------------------|

----

|                     | Credit card |         |        |   |         |   |     |         |   |
|--------------------------|-------------|--------------|-------------|--------|--------------|--------|----------|--------------|--------|
| (In millions)            | receivables |         | Real estate |   | Equipment(a) |   | Other(b) |         | Total  |
|                     |        |         |        |   |         |   |     |         |   |   |   |   |   |   |
| December 31, 2010        |        |         |        |   |         |   |     |         |   |   |   |   |   |   |
| Asset amount outstanding | $           | 21,636  |        | $      | 4,433   |   | $        | 7,645   |   | $ | 1,981  |   | $ | 35,695  |
| Outstanding debt         |        | 12,824  |        |   | 4,301   |   |     | 6,669   |   |   | 2,970  |   |   | 26,764  |
|                     |        |         |        |   |         |   |     |         |   |   |   |   |   |   |
| December 31, 2009        |        |         |        |   |         |   |     |         |   |   |   |   |   |   |
| Asset amount outstanding | $           | 25,573  |        | $      | 7,381   |   | $        | 10,414  |   | $ | 3,528  |   | $ | 46,896  |
| Outstanding debt         |        | 18,799  |        |   | 7,367   |   |     | 9,312   |   |   | 4,206  |   |   | 39,684  |
|                     |        |         |        |   |         |   |     |         |   |   |   |   |   |   |
|                     |        |         |        |   |         |   |     |         |   |   |   |   |   |   |

| (a)   | Included floorplan receivables. |
|-----------------|---------------------------------|

| (b)   | Asset amounts exclude intercompany receivables for cash collected on behalf of the entities by GE as servicer, which are eliminated in consolidation. Such receivables provide the cash to repay the entities’ liabilities. If these intercompany receivables were included in the table above, assets would exceed the outstanding debt shown. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                            | At           |
|-------------------------------------------------|--------------|
|                                            | December 31, |   | December 31, |
| (In millions)                                   | 2010    |   | 2009  |
|                                            |         |   |   |   |   |
| Other assets and investment securities          | $            |  10,370  |   | $ | 8,895  |
| Financing receivables - net                     |         |  2,240  |   |   | 769  |
| Total investment                                |         |  12,610  |   |   | 9,664  |
| Contractual obligations to fund new investments |         |  1,981  |   |   | 1,387  |
| Total                                           | $            |  14,591  |   | $ | 11,051  |
|                                            |         |   |   |   |   |

| ·   | Credit Support. We have provided $6,409 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, or 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 $37 million at December 31, 2010. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Indemnification Agreements. These are agreements that require us to fund up to $50 million at December 31, 2010 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. The liability for these indemnification agreements was $17 million at December 31, 2010. We also had $2,479 million of other indemnification commitments, substantially all of which relate to standard representations and warranties in sales of businesses or assets. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Contingent Consideration. These are agreements to provide additional consideration to a buyer or seller in a business combination if contractually specified conditions related to the acquisition or disposition are achieved. Adjustments to the proceeds from our sale of GE Money Japan are further discussed in Note 2. All other potential payments related to contingent consideration are insignificant. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                              |   | 2010           |   |   | 2009     |   |   | 2008     |
|-------------------------------------------------------------------|--------|---------------------|--------|--------|---------------|--------|--------|---------------|
| December 31 (In millions)                                         |   |                |   |   |          |   |   |          |
|                                                              |   |                |   |   |          |   |   |          |
| All other operating activities                                    |   |                |   |   |          |   |   |          |
| Net change in other assets                                        | $      | 28             |   | $      | (344)         |   | $      | (1,370)       |
| Amortization of intangible assets                                 |   | 654            |   |   | 906      |   |   | 981      |
| Realized losses on investment securities                          |   | 91             |   |   | 473      |   |   | 1,260    |
| Cash collateral on derivative contracts                           |   | –   |   |   | (6,858)       |   |   | 7,769    |
| Change in other liabilities                                       |   | (3,397)             |   |   | (4,919)       |   |   | (3,238)       |
| Other                                                             |   | 4,486          |   |   | 578      |   |   | 3,248    |
|                                                              | $      | 1,862          |   | $      | (10,164)      |   | $      | 8,650    |
|                                                              |   |                |   |   |          |   |   |          |
| Net decrease (increase) in financing receivables                  |   |                |   |   |          |   |   |          |
| Increase in loans to customers                                    | $      | (310,581)           |   | $      | (278,536)     |   | $      | (409,308)     |
| Principal collections from customers - loans                      |   | 331,214        |   |   | 283,743  |   |   | 361,384  |
| Investment in equipment for financing leases                      |   | (10,225)            |   |   | (9,509)       |   |   | (21,671)      |
| Principal collections from customers - financing leases           |   | 15,118         |   |   | 17,460   |   |   | 20,159   |
| Net change in credit card receivables                             |   | (4,559)             |   |   | (28,534)      |   |   | (34,691)      |
| Sales of financing receivables                                    |   | 5,331          |   |   | 58,555   |   |   | 67,093   |
|                                                              | $      | 26,298         |   | $      | 43,179   |   | $      | (17,034)      |
|                                                              |   |                |   |   |          |   |   |          |
| All other investing activities                                    |   |                |   |   |          |   |   |          |
| Purchases of securities by insurance activities                   | $      | (1,712)             |   | $      | (3,106)       |   | $      | (4,190)       |
| Dispositions and maturities of securities by insurance activities |   | 3,136          |   |   | 3,962    |   |   | 4,690    |
| Other assets - investments                                        |   | 2,690          |   |   | (258)         |   |   | (228)         |
| Change in other receivables                                       |   | 482            |   |   | 821      |   |   | 3,313    |
| Other                                                             |   | 2,805          |   |   | (2,655)       |   |   | 2,867    |
|                                                              | $      | 7,401          |   | $      | (1,236)       |   | $      | 6,452    |
|                                                              |   |                |   |   |          |   |   |          |
| Newly issued debt (maturities longer than 90 days)                |   |                |   |   |          |   |   |          |
| Short-term (91 to 365 days)                                       | $      | 2,496          |   | $      | 5,801    |   | $      | 34,445   |
| Long-term (longer than one year)                                  |   | 35,474         |   |   | 75,216   |   |   | 81,614   |
| Proceeds - non-recourse, leveraged lease                          |   | –   |   |   | 48       |   |   | 113      |
|                                                              | $      | 37,970         |   | $      | 81,065   |   | $      | 116,172  |
|                                                              |   |                |   |   |          |   |   |          |
| Repayments and other debt reductions (maturities                  |   |                |   |   |          |   |   |          |
|     longer than 90 days)                      |   |                |   |   |          |   |   |          |
| Short-term (91 to 365 days)                                       | $      | (95,170)            |   | $      | (77,444)      |   | $      | (65,958)      |
| Long-term (longer than one year)                                  |   | (1,792)             |   |   | (5,217)       |   |   | (462)         |
| Principal payments - non-recourse, leveraged lease                |   | (638)               |   |   | (680)         |   |   | (637)         |
|                                                              | $      | (97,600)            |   | $      | (83,341)      |   | $      | (67,057)      |
|                                                              |   |                |   |   |          |   |   |          |
| All other financing activities                                    |   |                |   |   |          |   |   |          |
| Proceeds from sales of investment contracts                       | $      | 5,339          |   | $      | 7,840    |   | $      | 11,433   |
| Redemption of investment contracts                                |   | (8,647)             |   |   | (10,713)      |   |   | (13,304)      |
| Other                                                             |   | (9)                 |   |   | 182      |   |   | 9        |
|                                                              | $      | (3,317)             |   | $      | (2,691)       |   | $      | (1,862)       |

----

----

|                                     | Total revenues |               | Intersegment revenues(a) |   | External revenues  |
|------------------------------------------|----------------|--------------------|--------------------------|--------|--------------------|
| (In millions)                            | 2010      |               | 2009                |   | 2008          |   | 2010  |   | 2009  |   | 2008  |   | 2010  |   | 2009  |   | 2008  |
|                                     |           |               |                     |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CLL(b)                                   | $              |  18,447  |                     | $      |  20,762  |   | $ |  26,856  |   | $ |  40  |   | $ |  47  |   | $ |  66  |   | $ |  18,407  |   | $ |  20,715  |   | $ |  26,790  |
| Consumer(b)                              |           |  17,822  |                     |   |  17,634  |   |   |  24,177  |   |   |  16  |   |   |  13  |   |   |  39  |   |   |  17,806  |   |   |  17,621  |   |   |  24,138  |
| Real Estate                              |           |  3,744   |                     |   |  4,009   |   |   |  6,646  |   |   |  14  |   |   |  12  |   |   |  12  |   |   |  3,730  |   |   |  3,997  |   |   |  6,634  |
| Energy Financial                         |           |               |                     |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Services         |           |  1,957   |                     |   |  2,117   |   |   |  3,707  |   |   |  –   |   |   |  1  |   |   |  –   |   |   |  1,957  |   |   |  2,116  |   |   |  3,707  |
| GECAS(b)                                 |           |  5,127   |                     |   |  4,594   |   |   |  4,688  |   |   |  –   |   |   |  –   |   |   |  –   |   |   |  5,127  |   |   |  4,594  |   |   |  4,688  |
| GECS corporate items                     |           |               |                     |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     and eliminations |           |  3,402   |                     |   |  3,542   |   |   |  4,279  |   |   |  (70) |   |   |  (73) |   |   |  (117) |   |   |  3,472  |   |   |  3,615  |   |   |  4,396  |
| Total                                    | $              |  50,499  |                     | $      |  52,658  |   | $ |  70,353  |   | $ |  –   |   | $ |  –   |   | $ |  –   |   | $ |  50,499  |   | $ |  52,658  |   | $ |  70,353  |
|                                     |           |               |                     |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                     |           |               |                     |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

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

| (b)   | During the first quarter of 2010, we transferred the Transportation Financial Services business from GECAS to CLL and the Consumer business in Italy from Consumer to CLL. Prior-period amounts were reclassified to conform to the current period presentation. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                     | Depreciation and amortization   |              | Provision (benefit) for |
|------------------------------------------|---------------------------------|-------------------|-------------------------|
|                                     | For the years ended December 31 |              | income taxes            |
| (In millions)                            | 2010                       |              | 2009               |   | 2008  |   | 2010  |   | 2009  |   | 2008  |
|                                     |                            |              |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CLL                                      | $                               |  4,966  |                    | $ |  5,996  |   | $ |  7,106  |   | $ |  280  |   | $ |  (536) |   | $ |  (252) |
| Consumer                                 |                            |  282    |                    |   |  361  |   |   |  516  |   |   |  877  |   |   |  (1,321) |   |   |  (1,395) |
| Real Estate                              |                            |  801    |                    |   |  919  |   |   |  930  |   |   |  (1,555) |   |   |  (1,323) |   |   |  (394) |
| Energy Financial Services                |                            |  205    |                    |   |  173  |   |   |  156  |   |   |  (44) |   |   |  (177) |   |   |  107  |
| GECAS                                    |                            |  2,080  |                    |   |  1,700  |   |   |  1,499  |   |   |  (99) |   |   |  (18) |   |   |  70  |
| GECS corporate items                     |                            |              |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     and eliminations |                            |  74     |                    |   |  66  |   |   |  86  |   |   |  (433) |   |   |  (512) |   |   |  (461) |
| Total                                    | $                               |  8,408  |                    | $ |  9,215  |   | $ |  10,293  |   | $ |  (974) |   | $ |  (3,887) |   | $ |  (2,325) |
|                                     |                            |              |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                     |                            |              |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                     | Interest on loans(a)            |              | Interest expense(b)     |
| (In millions)                            | 2010                       |              | 2009               |   | 2008  |   | 2010  |   | 2009  |   | 2008  |
|                                     |                            |              |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CLL                                      | $                               | 5,984        |                    | $ |  5,839  |   | $ |  7,341  |   | $ |  5,638  |   | $ |  6,698  |   | $ |  9,213  |
| Consumer                                 |                            | 12,542       |                    |   |  10,493  |   |   |  15,373  |   |   |  4,865  |   |   |  5,662  |   |   |  9,589  |
| Real Estate                              |                            | 2,119        |                    |   |  2,099  |   |   |  2,598  |   |   |  2,578  |   |   |  2,919  |   |   |  3,568  |
| Energy Financial Services                |                            | 215          |                    |   |  240  |   |   |  351  |   |   |  706  |   |   |  743  |   |   |  765  |
| GECAS                                    |                            | 346          |                    |   |  374  |   |   |  486  |   |   |  1,441  |   |   |  1,392  |   |   |  1,508  |
| GECS corporate items                     |                            |              |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     and eliminations |                            | 138          |                    |   |  160  |   |   |  229  |   |   |  (272) |   |   |  68  |   |   |  22  |
| Total                                    | $                               | 21,344       |                    | $ |  19,205  |   | $ |  26,378  |   | $ |  14,956  |   | $ |  17,482  |   | $ |  24,665  |
|                                     |                            |              |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                     |                            |              |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (a) | Represents one component of Revenues from services, see Note 12. |
|-----|------------------------------------------------------------------|

| (b) | Represents total interest expense, see Statement of Earnings. |
|-----|---------------------------------------------------------------|

----

|                                     |            |                |                            |   |                |   |       |                |       | Property, plant and equipment |
|------------------------------------------|-----------------|---------------------|---------------------------------|--------|---------------------|--------|------------|---------------------|------------|-------------------------------|
|                                     | Assets(a)(b)(c) |                | additions(d)                    |
|                                     | At December 31  |                | For the years ended December 31 |
| (In millions)                            | 2010       |                | 2009                       |   | 2008           |   | 2010  |                | 2009  |                          | 2008  |
|                                     |            |                |                            |   |                |   |       |                |       |                          |   |   |   |   |   |   |   |
| CLL                                      | $               |  202,650  |                            | $      |  210,742  |   | $          |  233,815  |       | $                             |  3,941  |   | $ |  2,984  |   | $ |  10,962  |
| Consumer                                 |            |  154,469  |                            |   |  160,494  |   |       |  178,395  |       |                          |  44  |   |   |  146  |   |   |  249  |
| Real Estate                              |            |  72,630   |                            |   |  81,505   |   |       |  85,266   |       |                          |  17  |   |   |  5  |   |   |  6  |
| Energy Financial Services                |            |  19,549   |                            |   |  22,616   |   |       |  22,079   |       |                          |  82  |   |   |  191  |   |   |  944  |
| GECAS                                    |            |  49,106   |                            |   |  48,178   |   |       |  46,208   |       |                          |  3,582  |   |   |  3,100  |   |   |  3,151  |
| GECS corporate items                     |            |                |                            |   |                |   |       |                |       |                          |   |   |   |   |   |   |   |
|     and eliminations |            |  110,274  |                            |   |  126,789  |   |       |  95,211   |       |                          |  8  |   |   |  17  |   |   |  14  |
| Total                                    | $               |  608,678  |                            | $      |  650,324  |   | $          |  660,974  |       | $                             |  7,674  |   | $ |  6,443  |   | $ |  15,326  |
|                                     |            |                |                            |   |                |   |       |                |       |                          |   |   |   |   |   |   |   |
|                                     |            |                |                            |   |                |   |       |                |       |                          |   |   |   |   |   |   |   |

| (a) | Assets of discontinued operations are included in GECS corporate items and eliminations for all periods presented. |
|-----|--------------------------------------------------------------------------------------------------------------------|

| (b)   | Total assets of the CLL, Consumer, Energy Financial Services and GECAS operating segments at December 31, 2010, include investment in and advances to associated companies of $7,698 million, $10,144 million, $6,982 million and $838 million, respectively. Investments in and advances to associated companies contributed approximately $268 million, $1,140 million, $432 million and $195 million, respectively, to segment pre-tax income of the CLL, Consumer, Energy Financial Services and GECAS operating segments, respectively, for the year ended December 31, 2010. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | Aggregate summarized financial information for significant associated companies assuming a 100% ownership interest included total assets at December 31, 2010 and 2009 of $180,015 million and $137,075 million, respectively. Assets were primarily financing receivables of $97,447 million and $82,873 million at December 31, 2010 and 2009, respectively. Total liabilities at December 31, 2010 and 2009 were $143,957 million and $118,708 million, respectively, comprised primarily of bank deposits of $75,661 million and $69,573 million at December 31, 2010 and 2009, respectively, and debt of $53,696 million and $48,677 million at December 31, 2010 and 2009, respectively. Revenues for December 31, 2010, 2009 and 2008 totaled $5,384 million, $17,579 million and $12,596 million, respectively, and net earnings for 2010, 2009 and 2008 totaled $1,633 million, $3,429 million and $2,642 million, respectively. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  (d) | Additions to property, plant and equipment include amounts relating to principal businesses purchased. |
|-----------|--------------------------------------------------------------------------------------------------------|

|                                                      | First quarter |               | Second quarter |   | Third quarter      |   | Fourth quarter |
|-----------------------------------------------------------|---------------|--------------------|----------------|--------|--------------------|--------|----------------|
| (In millions)                                             | 2010     |               | 2009      |   | 2010          |   | 2009      |   | 2010  |   | 2009  |   | 2010  |   | 2009  |
|                                                      |          |               |           |   |               |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total revenues                                            | $             |  12,796  |           | $      |  14,278  |   | $              |  12,790  |   | $ |  12,943  |   | $ |  12,099  |   | $ |  12,325  |   | $ |  12,814  |   | $ |  13,112  |
| Earnings (loss) from continuing                           |          |               |           |   |               |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     operations before income taxes    |          |  172     |           |   |  (108)        |   |           |  632  |   |   |  (603) |   |   |  441  |   |   |  (1,000) |   |   |  927  |   |   |  (846) |
| Benefit (provision) for income taxes                      |          |  346     |           |   |  1,132   |   |           |  113  |   |   |  764  |   |   |  381  |   |   |  1,124  |   |   |  134  |   |   |  867  |
| Earnings from continuing operations                       |          |  518     |           |   |  1,024   |   |           |  745  |   |   |  161  |   |   |  822  |   |   |  124  |   |   |  1,061  |   |   |  21  |
| Earnings (loss) from discontinued                         |          |               |           |   |               |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     operations, net of taxes          |          |  (371)        |           |   |  (3)          |   |           |  (133) |   |   |  30  |   |   |  (1,076) |   |   |  53  |   |   |  605  |   |   |  20  |
| Net earnings                                              |          |  147     |           |   |  1,021   |   |           |  612  |   |   |  191  |   |   |  (254) |   |   |  177  |   |   |  1,666  |   |   |  41  |
| Less net earnings (loss)                                  |          |               |           |   |               |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     attributable to noncontrolling    |          |               |           |   |               |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|         interests |          |  5       |           |   |  (46)         |   |           |  22  |   |   |  (17) |   |   |  (18) |   |   |  (4) |   |   |  (25) |   |   |  52  |
| Net earnings (loss)                                       |          |               |           |   |               |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     attributable to GECS              | $             |  152     |           | $      |  975     |   | $              |  634  |   | $ |  174  |   | $ |  (272) |   | $ |  173  |   | $ |  1,641  |   | $ |  93  |
|                                                      |          |               |           |   |               |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                      |          |               |           |   |               |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

----

| (In millions)      |   | 2010  |            | 2009  |
|--------------------|--------|------------|-----------------|------------|
|               |   |       |            |       |   |   |
| Type of fees       |   |       |            |       |   |   |
| Audit fees         |   | $          | 35.4       |       | $ | 37.8  |
| Audit-related fees |   |       | 4.4        |       |   | 4.6  |
| Tax fees           |   |       |  6.5  |       |   |  6.0  |
| Total              |   | $          | 46.3       |       | $ | 48.4  |

| (a) 1. | Financial Statements                |
|-------------|-------------------------------------|
|        |                                |   |
|        | Included in Part II of this report: |
|        |                                |
|        |                                | Report of Independent Registered Public Accounting FirmManagement’s Annual Report on Internal Control over Financial ReportingStatement of Earnings for each of the years in the three-year period ended December 31, 2010Statement of Changes in Shareowner’s Equity for each of the years in the three-year period endedDecember 31, 2010Statement of Financial Position at December 31, 2010 and 2009Statement of Cash Flows for each of the years in the three-year period ended December 31, 2010Notes 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, 2010 (pages 26 through 193), 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 000-14804)). |
|        |                                                                                                                                                                              |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |
|        | 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 000-14804)).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|        |                                                                                                                                                                              |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |
|        | 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 001-06461)).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|        |                                                                                                                                                                              |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |
|        | 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 number 001-06461)).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|        |                                                                                                                                                                              |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |
|        | 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 001-06461)).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|        |                                                                                                                                                                              |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |
|        | 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 001-06461)).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|        |                                                                                                                                                                              |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |
|        | 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 001-06461)).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|        |                                                                                                                                                                              |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |
|        | 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 001-06461)).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|        |                                                                                                                                                                              |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |
|        | 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 001-06461)).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|        |                                                                                                                                                                              |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |
|        | 4(h)                                                                                                                                                                              |   | Sixth Supplemental Indenture dated as of April 2, 2009, supplemental to Third Amended and Restated Indenture dated as of February 27, 1997 (Incorporated by reference to Exhibit 4(h) to GECC’s Form 10-K Report for the year ended December 31, 2009 (Commission file number 001-06461).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|        |                                                                                                                                                                              |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |

----

|   |  4(i) |   | Ninth 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 Mellon and The Bank of New York Mellon (Luxembourg) S.A., as fiscal and paying agents, dated as of April 6, 2010 (Incorporated by reference to Exhibit 4(i) to GECC's Form 10-K Report for the year ended December 31, 2010 (Commission file number 001-06461)). |
|--------|------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  4(j) |   | Form of GECC 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 001-06461)).                                                                                                                                                                                                                                                                                                                                                                                 |
|--------|------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |       |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | 4(k)       |   | Form of GECC 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 001-06461)).                                                                                                                                                                                                                                                                                                                                                                              |
|   |       |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
|   | 4(l)       |   | 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 001-06461)).                                                                                                                                                                                                                                                                                                                                                                                 |
|   |       |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | 4(m)       |   | 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 001-06461)).                                                                                                                                                                                                                                                                                                                                                                              |
|   |       |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | 4(n)       |   | 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 001-06461)).                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   |       |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | 4(o)       |   | 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 000-14804)).                                                                                                                                                                                                                                                                                                                                                               |
|   |       |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
|   | 4(p)       |   | 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 000-14804)).                                                                                                                                                                                                                                                                                                                                                            |
|   |       |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
|   | 4(q)       |   | 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 000-14804)).                                                                                                                                                                                                                                                                                                                                                               |
|   |       |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
|   | 4(r)       |   | 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 000-14804)).                                                                                                                                                                                                                                                                                                                                                            |
|   |       |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
|   | 4(s)       |   | 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 000-14804)).                                                                                                                                                                                                                                                                                                                                                                     |
|   |       |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
|   | 4(t)       |   | 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 000-14804)).                                                                                                                                                                                                                                                                                                                                                                  |
|   |       |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
|   | 4(u)       |   | 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 001-06461)).                                                                                                                                                                                                                                                                                                                     |
|   |       |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
|   | 4(v)       |   | 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 001-06461)). |
|   |       |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |

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|   |  4(w)                                              |   |  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 consolidated subsidiaries.*                                                                                                                                                                                   |   |
|--------|---------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|   |                                                    |   |                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|   |  10(a)                                             |   |  Transaction Agreement by and between Swiss Reinsurance Company and General Electric Company dated November 18, 2005 (Incorporated by reference to Exhibit 10(gg) of General Electric Company’s Form 10-K Report for the year ended December 31, 2005).                                                                                                                                   |   |
|   |                                                    |   |                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|   | 10(b)                                                   |   | Amended and Restated Income Maintenance Agreement, dated October 29, 2009, between General Electric Company and General Electric Capital Corporation (Incorporated by reference to Exhibit 10(b) to General Electric Capital Corporation’s Annual Report on Form 10-K for the year ended December 31, 2009 (Commission file number 001-06461)).                                                |   |
|   |                                                    |   |                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|   | 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) or 15d-14(a) under the Securities Exchange Act of 1934, as amended.*                                                                                                                                                                                                                                                                                       |   |
|   |                                                    |   |                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|   | 31(b)                                                   |   | Certification Pursuant to Rules 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as amended.*                                                                                                                                                                                                                                                                                       |   |
|   |                                                    |   |                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|   | 32                                                      |   | Certification Pursuant to 18 U.S.C. Section 1350.*                                                                                                                                                                                                                                                                                                                                                   |   |
|   |                                                    |   |                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|   | 99(a)                                                   |   | 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, 2010, (pages 25 through 167) and Exhibit 12(a) (Ratio of Earnings to Fixed Charges) and 12(b) (Ratio of Earnings to Fixed Charges and Preferred Stock Dividends) of General Electric Company. |   |
|   |                                                    |   |                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|   | 99(b)                                                   |   | Computation of Ratio of Earnings to Fixed Charges (Incorporated by reference to Exhibit 12(a) to General Electric Capital Corporation’s Annual Report on Form 10-K for the year ended December 31, 2010 (Commission file number 001-06461)).                                                                                                                                                   |   |
|   |                                                    |   |                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|   | *    Filed electronically herewith. |

----

| For the years ended December 31 (In millions)                 | 2010  |                | 2009  |   | 2008           |
|---------------------------------------------------------------|------------|---------------------|------------|--------|---------------------|
|                                                          |       |                |       |   |                |   |   |   |
| Revenues                                                      | $          | (13)                |       | $      | 105            |   | $ | 69  |
|                                                          |       |                |       |   |                |   |   |   |
| Expenses                                                      |       |                |       |   |                |   |   |   |
| Interest                                                      |       | 138            |       |   | 227            |   |   | 377  |
| Operating and administrative                                  |       | 28             |       |   | 221            |   |   | 198  |
|     Total expenses                        |       | 166            |       |   | 448            |   |   | 575  |
|                                                          |       |                |       |   |                |   |   |   |
| Loss before income taxes and equity in earnings of affiliates |       | (179)               |       |   | (343)               |   |   | (506) |
| Income tax benefit                                            |       | 40             |       |   | 144            |   |   | 176  |
| Equity in earnings of affiliates                              |       | 2,294          |       |   | 1,614          |   |   | 7,385  |
|                                                          |       |                |       |   |                |   |   |   |
| Net earnings                                                  |       | 2,155          |       |   | 1,415          |   |   | 7,055  |
| Dividends(a)                                                  |       | –   |       |   | –   |   |   | (2,351) |
| Others(a)(c)                                                  |       | 50             |       |   | (24)                |   |   | –   |
| Retained earnings at January 1(b)                             |       | 42,863         |       |   |  43,117   |   |   | 38,351  |
|                                                          |       |                |       |   |                |   |   |   |
| Retained earnings at December 31                              | $          | 45,068         |       | $      | 44,508         |   | $ | 43,055  |
|                                                          |       |                |       |   |                |   |   |   |
|                                                          |       |                |       |   |                |   |   |   |
|                                                          |       |                |       |   |                |   |   |   |

| (a)   | Total dividends and other transactions with the shareowner increased equity by $85 million, $9,488 million and $3,154 million in 2010, 2009 and 2008, respectively. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | The 2010 opening balance was adjusted as of January 1, 2010 for the cumulative effect of changes in accounting principles of $1,645 million related to the adoption of ASU 2009-16 & 17. The 2009 opening balance was adjusted as of April 1, 2009, for the cumulative effect of changes in accounting principles of $62 million related to adopting amendments on impairment guidance in ASC 320, Investments – Debt and EquitySecurities. The cumulative effect of adopting ASC 825 at January 1, 2008, was insignificant. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | Includes the effects of accretion of redeemable securities to their redemption value of $38 million and $(23) million in 2010 and 2009, respectively. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

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

----

| At December 31 (In millions, except share amounts)                                                                                          | 2010  |                 | 2009  |
|---------------------------------------------------------------------------------------------------------------------------------------------|------------|----------------------|------------|
|                                                                                                                                        |       |                 |       |   |   |
| Assets                                                                                                                                      |       |                 |       |   |   |
| Cash and equivalents                                                                                                                        | $          |  –   |       | $ |  –   |
| Investment in and advances to affiliates                                                                                                    |       | 76,270          |       |   | 78,071  |
| Other assets                                                                                                                                |       | 374             |       |   | 695  |
| Total assets                                                                                                                                | $          | 76,644          |       | $ | 78,766  |
|                                                                                                                                        |       |                 |       |   |   |
| Liabilities and equity                                                                                                                      |       |                 |       |   |   |
| Borrowings                                                                                                                                  | $          | 6,113           |       | $ | 6,227  |
| Other liabilities                                                                                                                           |       | 1,047           |       |   | 1,206  |
|     Total liabilities                                                                                                   |       | 7,160           |       |   | 7,433  |
|                                                                                                                                        |       |                 |       |   |   |
| Cumulative preferred stock, $10,000 par value (80,000 shares                                                                                |       |                 |       |   |   |
|     authorized; 51,000 shares issued and held primarily by                                                              |       |                 |       |   |   |
|       consolidated affiliates at December 31, 2010 and 2009)                                                  |       |  510       |       |   |  510  |
| Common stock, $1,000 par value (1,260 shares authorized at                                                                                  |       |                 |       |   |   |
|     December 31, 2010 and 2009 and 1,062 shares                                                                         |       |                 |       |   |   |
|             issued and outstanding at December 31, 2010 and 2009, respectively) |       | 1               |       |   | 1  |
| Accumulated gains (losses) - net                                                                                                            |       |                 |       |   |   |
|     Investment securities                                                                                               |       | (639)                |       |   | (436) |
|     Currency translation adjustments                                                                                    |       | (1,411)              |       |   | 1,372  |
|     Cash flow hedges                                                                                                    |       | (1,281)              |       |   | (1,769) |
|     Benefit plans                                                                                                       |       | (380)                |       |   | (434) |
| Additional paid-in capital                                                                                                                  |       | 27,616          |       |   | 27,581  |
| Retained earnings                                                                                                                           |       | 45,068          |       |   | 44,508  |
|     Total shareowner's equity                                                                                           |       | 69,484          |       |   | 71,333  |
| Total liabilities and equity                                                                                                                | $          | 76,644          |       | $ | 78,766  |
|                                                                                                                                        |       |                 |       |   |   |
|                                                                                                                                        |       |                 |       |   |   |

----

| For the years ended December 31 (In millions)                   | 2010  |                 | 2009  |   | 2008            |
|-----------------------------------------------------------------|------------|----------------------|------------|--------|----------------------|
|                                                            |       |                 |       |   |                 |   |   |   |
| Cash from operating activities                                  | $          |  40        |       | $      |  110       |   | $ |  3,051  |
| Cash flows - investing activities                               |       |                 |       |   |                 |   |   |   |
| Decrease (increase) in investment in and advances to affiliates |       |  2,551     |       |   |  (10,506)       |   |   |  (2,936) |
| Net decrease (increase) in other assets                         |       |  (2,492)        |       |   |  1,060     |   |   |  (3,180) |
|                                                            |       |                 |       |   |                 |   |   |   |
| Cash from (used for) investing activities                       |       |  59        |       |   |  (9,446)        |   |   |  (6,116) |
|                                                            |       |                 |       |   |                 |   |   |   |
| Cash flows - financing activities                               |       |                 |       |   |                 |   |   |   |
| Net decrease in borrowings                                      |       |  (91)           |       |   |  (169)          |   |   |  (94) |
| Dividends paid to shareowner                                    |       |  –   |       |   |  –   |   |   |  (2,351) |
| Capital contributions from GE                                   |       |  –   |       |   |  9,500     |   |   |  5,500  |
| Other                                                           |       |  (8)            |       |   |  –   |   |   |  9  |
|                                                            |       |                 |       |   |                 |   |   |   |
| Cash from (used for) financing activities                       |       |  (99)           |       |   |  9,331     |   |   |  3,064  |
|                                                            |       |                 |       |   |                 |   |   |   |
| Decrease in cash and equivalents during year                    |       |  –   |       |   |  (5)            |   |   |  (1) |
| Cash and equivalents at beginning of year                       |       |  –   |       |   |  5         |   |   |  6  |
| Cash and equivalents at end of year                             | $          |  –   |       | $      |  –   |   | $ |  5  |
|                                                            |       |                 |       |   |                 |   |   |   |
|                                                            |       |                 |       |   |                 |   |   |   |

----

----

|              |   | General Electric Capital Services, Inc. |
|-------------------|--------|-----------------------------------------|
|              |   |                                    |
| February 25, 2011 |   | By: /s/ Jeffrey R. Immelt          |   |
|              |   | Jeffrey R. Immelt                       |
|              |   | Chief Executive Officer                 |

----

| Signature                            |                                  | Title                                |   | Date              |                    |
|--------------------------------------|---------------------------------------|--------------------------------------|--------|-------------------|-------------------------|
|                                 |                                  |                                 |   |              |                    |
| /s/ Jeffrey R. Immelt                |                                  | Chief Executive Officer              |   | February 25, 2011 |                    |
| Jeffrey R. Immelt                    |                                  | (Principal Executive Officer)        |   |              |                    |
|                                 |                                  |                                 |   |              |                    |
| /s/ Keith S. Sherin                  |                                  | Chief Financial Officer              |   | February 25, 2011 |                    |
| Keith S. Sherin                      |                                  | (Principal Financial Officer)        |   |              |                    |
|                                 |                                  |                                 |   |              |                    |
| /s/ Jamie S. Miller                  |                                  | Senior Vice President and Controller |   | February 25, 2011 |                    |
| Jamie S. Miller                      |                                  | (Principal Accounting Officer)       |   |              |                    |
|                                 |                                  |                                 |   |              |                    |
|                                 |                                  |                                 |   |              |                    |
| MARK W. BEGOR*                       |                                  | Director                             |   |              |                    |
| JEFFREY S. BORNSTEIN*                |                                  | Director                             |   |              |                    |
| WILLIAM H. CARY*                     |                                  | Director                             |   |              |                    |
| KATHRYN A. CASSIDY*                  |                                  | Director                             |   |              |                    |
| PAMELA DALEY*                        |                                  | Director                             |   |              |                    |
| RICHARD D’AVINO*               |                                  | Director                             |   |              |                    |
| BRACKETT B. DENNISTON III*           |                                  | Director                             |   |              |                    |
| JEFFREY R. IMMELT*                   |                                  | Director                             |   |              |                    |
| MARK J. KRAKOWIAK*                   |                                  | Director                             |   |              |                    |
| JOHN KRENICKI, JR.*                  |                                  | Director                             |   |              |                    |
| J. KEITH MORGAN*                     |                                  | Director                             |   |              |                    |
| DAVID NASON*                         |                                  | Director                             |   |              |                    |
| MICHAEL A. NEAL*                     |                                  | Director                             |   |              |                    |
| RONALD R. PRESSMAN*                  |                                  | Director                             |   |              |                    |
| JOHN M. SAMUELS*                     |                                  | Director                             |   |              |                    |
| KEITH S. SHERIN*                     |                                  | Director                             |   |              |                    |
| RYAN A. ZANIN*                       |                                  | Director                             |   |              |                    |
|                                 |                                  |                                 |   |              |                    |
| A MAJORITY OF THE BOARD OF DIRECTORS |                                  |                                 |   |
|                                 |                                  |                                 |   |              |                    |
|  *By:                           |  /s/ Jamie S. Miller             |                                 |   |              |  February 25, 2011 |   |
|                                 |  Jamie S. MillerAttorney-in-fact |                                 |   |              |                    |   |
|                                 |                                  |                                 |   |              |

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