Document:

Untitled Document

Exhibit 4(l) 

FORM
OF EMTN TEMPORARY GLOBAL FLOATING RATE BEARER NOTE
Temporary Global Floating
Rate Bearer Note 

GENERAL ELECTRIC CAPITAL CORPORATION 

	BEARER 
No. TGFL
	 	BEARER 
[
                ]1
[
                ]2

THIS
SECURITY IS A TEMPORARY GLOBAL BEARER NOTE, WITHOUT COUPONS, EXCHANGEABLE FOR AN
INTEREST IN A PERMANENT GLOBAL BEARER NOTE, WITHOUT COUPONS, REPRESENTING (AND
EXCHANGEABLE FOR) DEFINITIVE BEARER NOTES OR IF SO PROVIDED HEREIN REGISTERED
NOTES. IF SO PROVIDED HEREIN, THIS GLOBAL NOTE MAY ALSO BE EXCHANGED DIRECTLY
FOR DEFINITIVE BEARER NOTES OR DEFINITIVE REGISTERED NOTES. THE RIGHTS ATTACHING
TO THIS NOTE AND THE CONDITIONS AND PROCEDURES GOVERNING ITS EXCHANGE ARE AS
SPECIFIED IN THE FISCAL AGENCY AGREEMENT (AS DEFINED
HEREIN).

ANY UNITED
STATES PERSON WHO HOLDS THIS OBLIGATION WILL BE SUBJECT TO LIMITATIONS UNDER THE
UNITED STATES INCOME TAX LAWS, INCLUDING THE LIMITATIONS PROVIDED IN SECTIONS
165(j) AND 1287(a) OF THE INTERNAL REVENUE CODE.

UNLESS AND
UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR AN INTEREST IN A PERMANENT GLOBAL
BEARER NOTE OR FOR DEFINITIVE NOTES, THIS GLOBAL NOTE MAY NOT BE TRANSFERRED
EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A
NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY
OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE
OF SUCH SUCCESSOR DEPOSITARY.

	1
      	 	Insert Principal Amount.

	2
      	 	Insert Optional Payment Amount if the Note has a dual-currency
      feature.

GENERAL ELECTRIC CAPITAL CORPORATION 
EURO MEDIUM-TERM NOTE

(Floating Rate)

SERIES: 

	ISIN:
      

COMMON CODE: 

ORIGINAL ISSUE DATE:
      

MATURITY DATE: 

PRINCIPAL AMOUNT IN SPECIFIED
      CURRENCY:

INTEREST CALCULATION: 
[ ] Regular Floating Rate
      Note 
[ ] Inverse Floating Rate Note 
[ ] Other Floating Rate
      

INTEREST RATE BASIS: 
[ ] CD Rate 
[ ] Commercial Paper
      Rate 
[ ] Eleventh District Cost of Funds 
Rate 
[ ] Federal
      Funds Rate 
[ ] LIBOR 
[ ] EURIBOR 
[ ] Treasury Rate 
[ ]
      Prime Rate 
[ ] Other 

SPREAD (PLUS OR MINUS):
      

SPREAD MULTIPLIER: 

INDEX MATURITY: 
	IF
      INTEREST RATE BASIS IS LIBOR, 
INDEX CURRENCY: 

DESIGNATED
      LIBOR PAGE: 
[ ] Reuters Page: ____________ 
[ ] Telerate Page:
      __________ 

MAXIMUM INTEREST RATE: 

MINIMUM INTEREST
      RATE: 

INTEREST PAYMENT PERIOD: 

INTEREST PAYMENT
      DATE(S): 

INITIAL INTEREST RATE: 

INTEREST RESET
      PERIOD: 

INTEREST RESET DATES: 

INTEREST
      DETERMINATION DATE: 

REGULAR RECORD DATES (if any):
    
	DAY
      COUNT FRACTION 
[ ] Actual/365 
[ ] Actual/Actual 
[ ]
      Actual/Actual (ISDA) 
[ ] Actual/365 (Fixed) 
[ ] Actual/365
      (Sterling) 
[ ] Actual/360 
[ ] 30/360 
[ ] 360/360 
[ ] Bond
      Basis 
[ ] 30E/360 
[ ] Eurobond Basis 

CALCULATION
      AGENT: 

ISSUER OPTIONAL REDEMPTION DATE: 

NOTEHOLDER
      OPTIONAL REDEMPTION DATE:

OPTIONAL REPAYMENT: 

FACE
      AMOUNT CURRENCY: 

OPTION VALUE CALCULATION AGENT:
      

OPTIONAL PAYMENT CURRENCY: 

OPTION ELECTION DATES:
      

DESIGNATED EXCHANGE RATE: 

CURRENCY BASE RATE:
      

	DETERMINATION AGENT: 

INITIAL MATURITY DATE:
      

ELECTION DATE 

FINAL MATURITY DATE:
      

AVAILABILITY OF REGISTERED NOTES: 

IF THIS NOTE IS
      EXCHANGEABLE 
DIRECTLY FOR DEFINITIVE NOTES, 
INDICATE FORM(S) OF
      DEFINITIVE NOTES: 

DENOMINATIONS OF DEFINITIVE NOTES 
(if
      not as set forth herein): 

DENOMINATIONS:
      

REDENOMINATION: 

LISTING: 

TAX
      REDEMPTION DATE: 

ADDENDUM ATTACHED: 

OTHER
      PROVISIONS: 

     General Electric Capital
Corporation (together with its successors and assigns, the "Company"), for value
received, hereby promises to pay to each of Euroclear Bank, S.A./N.V., as
operator of the Euroclear System (the "Euroclear Operator"), and Clearstream
Banking, société anonyme ("Clearstream, Luxembourg"), or any other recognized or
agreed clearing system, with respect to that portion of this Note held for its
account, the principal sum (or Face Amount, if the Note has a dual-currency or
index feature) specified in Schedule A-1 hereto, on the Maturity Date specified
above (except to the extent redeemed or repaid prior to the Maturity Date) or in
accordance with the 

2 

Amortization Schedule set out in Schedule A-2 hereto and to pay interest
thereon at the Interest Rate per annum specified above from the Original Issue
Date specified above until the principal hereof is paid or duly made available
for payment (except as provided below), in arrears monthly, quarterly,
semiannually or annually as specified above as the Interest Payment Period on
each Interest Payment Date (as specified above), commencing with the first
Interest Payment Date next succeeding the Original Issue Date specified above,
and on the Maturity Date (or any other redemption or repayment date specified
above).

     Interest on this Note will
accrue from the most recent Interest Payment Date to which interest has been
paid or duly provided for, or, if no interest has been paid or duly provided
for, from the Original Issue Date, until the principal hereof has been paid or
duly made available for payment, in each case, upon Certification. Upon the
payment of interest on this Note, the Fiscal and Paying Agent (as defined below)
shall cause Schedule A-1 of this Note to be endorsed to reflect such payment of
interest and the amount of interest so paid shall be noted. No payments on this
Note will be made at any office or agency maintained by the Company in the
United States for the payment of principal of, premium, if any, and interest, if
any, on this Note, nor will any such payment be made by mail to an address in
the United States or by transfer to an account maintained by the holder of this
Note with a bank in the United States. Notwithstanding the foregoing, if this
Note is payable in U.S. dollars and if payment in U.S. dollars of the full
amount payable on this Note at the offices of all paying agencies outside the
United States would be illegal or effectively precluded as a result of exchange
controls or similar restrictions, payment on this Note will be made by a paying
agency in the United States, if such paying agency, under applicable law and
regulations, would be able to make such payment. Prior to the Exchange Date,
payments of interest, if any, on this Note will be made only to the extent of,
and upon, Certification. After the Exchange Date, the holder of this Note will
not be entitled to receive any payment of principal or interest
hereon.

     This Note is issued in bearer
form and represents a portion of a duly authorized issue of Euro Medium-Term
Notes of the Series specified above, issued under a fifth amended and restated
fiscal and paying agency agreement, dated as of May 21, 2004 among General
Electric Capital Corporation, GE Capital Australia Funding Pty. Ltd., GE Capital
Canada Funding Company, GE Capital European Funding, GE Capital UK Funding and
JPMorgan Chase Bank, as fiscal agent and as principal paying agent (in such
capacities, the "Fiscal and Paying Agent") and the other paying agents named
therein (as amended and supplemented from time to time, the "Fiscal Agency
Agreement"). The Notes are issuable in bearer form (the "Bearer Notes"), with
interest coupons attached (except in the case of Bearer Notes in global form),
and (if so provided above) are also issuable in fully registered form, without
coupons (the "Registered Notes" and, together with the Bearer Notes, the
"Notes"). Definitive Bearer Notes, with interest coupons attached, are issuable
in such denominations of the Specified Currency as are indicated on the face
hereof and definitive Registered Notes (if any) are issuable in such
denominations of the Specified Currency as are indicated on the face
hereof.

     Except as otherwise provided
herein, this Note is governed by the terms and conditions of the Permanent
Global Floating Rate Bearer Note (the "Permanent Global Floating Rate Bearer
Note") (or if so specified above, the definitive Floating Rate Bearer Notes or
definitive Floating Rate Registered Notes) to be issued in exchange for this
Note, which terms and conditions are hereby incorporated by reference herein
mutatis mutandis and shall be binding on the Company and the
holder hereof as if fully set forth herein.

     This Note is exchangeable in
whole or from time to time in part for (i) an interest (equal to the principal
amount of the Bearer Notes being exchanged theretofore represented by this Note)
in a single Permanent Global Floating Rate Bearer Note or (ii) if so specified
above, an equal principal amount of definitive Floating Rate Bearer Notes and/or
definitive Floating Rate Registered Notes upon request of the Euroclear Operator
or Clearstream Luxembourg, acting on behalf of the owner of a beneficial
interest in the Note, to the Fiscal and Paying Agent only on or after the
Exchange Date upon Certification to the effect that the Notes to be issued upon
such exchange are not being acquired by or on behalf of a United States person
or, if a United States person has a beneficial interest in the Notes, that such
person is (i) a Qualifying Foreign Branch purchasing for its own account or for
resale, (ii) a United States person who acquires the Notes through a Qualifying
Foreign Branch and who holds the obligation through such financial institution
on the date of Certification, or (iii) a financial institution who acquires the
Notes for purposes of resale during the Restricted Period other than for
purposes of resale directly or indirectly to a United States person or to a
person within the United States. Upon exchange of any portion of this Note for a
Permanent Global Floating Rate Bearer Note (or definitive Floating Rate Bearer
Notes and/or definitive Floating Rate Registered Notes), the Fiscal and Paying
Agent shall cause Schedule A-1 of this Note to be endorsed to reflect the
reduction of its principal amount by an amount equal to the aggregate principal
amount being so exchanged. Except as otherwise provided herein, until exchanged
for a 

3 

Permanent
Global Floating Rate Bearer Note (or definitive Floating Rate Bearer Notes
and/or definitive Floating Rate Registered Notes), this Note shall in all
respects be entitled to the same benefits under the Fiscal Agency Agreement as a
duly authenticated and delivered definitive Note.

     If this Note is subject to a
tax redemption or if all or any portion of the principal hereof is accelerated,
each as described in the Fiscal Agency Agreement, payment of the amount due upon
any such redemption or acceleration shall be subject to receipt of
Certification.

     Unless the certificate of
authentication hereon has been executed by the Fiscal and Paying Agent by manual
signature, this Note shall not be entitled to any benefit under the Fiscal
Agency Agreement or be valid or obligatory for any
purpose.

     As used
herein:

     (a) "Actual/365",
"Actual/Actual" or "Actual/Actual (ISDA)" means the actual number of days in the
Interest Reset Period divided by 365 (or, if any proportion of that Interest
Reset Period falls in a leap year, the sum of (A) the actual number of days in
that portion of the Interest Reset Period falling in a leap year divided by 366
and (B) the actual number of days in that portion of the Interest Reset Period
falling in a non-leap year divided by 365);

     (b) "Actual/365 (Fixed)" means
the actual number of days in the Interest Reset Period divided by
365;

     (c) "Actual/365 (Sterling)"
means the actual number of days in the Interest Reset Period divided by 365 or,
in the case of an Interest Payment Date falling in a leap year,
366;

     (d) "Actual/360" means the
actual number of days in the Interest Reset Period divided by
360;

     (e) "30/360", "360/360" or
"Bond Basis" means the number of days in the Interest Reset Period divided by
360 (the number of days to be calculated on the basis of a year of 360 days with
12 30-day months (unless (a) the last day of the Interest Reset Period is the
31st day of a month but the first day of the Interest Reset Period is a day
other than the 30th or 31st day of the month, in which case the month that
includes that last day shall not be considered to be shortened to a 30-day
month, or (b) the last day of the Interest Reset Period is the last day of the
month of February, in which case the month of February shall not be considered
to be lengthened to a 30-day month)); and

     (f) "30E/360" or "Eurobond
Basis" means the number of days in the Interest Reset Period divided by 360 (the
number of days to be calculated on the basis of a year of 360 days with 12
30-day month, without regard to the date of the first day or last day of the
Interest Reset Period unless, in the case of an Interest Reset Period ending on
the Maturity Date, the Maturity Date is the last day of the month of February,
in which case the month of February shall not be considered to be lengthened to
a 30-day month).

     (g) the term "Business Day"
means, unless otherwise specified in the applicable Pricing Supplement, any day
other than a Saturday or Sunday or any other day on which banking institutions
are generally authorized or obligated by law or regulation to close in (i) the
principal financial center of the country in which the Company is incorporated;
(ii) the principal financial center of the country of the currency in which the
Notes are denominated; (iii) the place at which payment on such Note or coupon
is to be made; or (iv) London, England; provided, however, that with respect to
Notes denominated in euro, such day is a TARGET Settlement Date. For purposes of
this definition, the principal financial center of the United States is New York
and the principal financial center of Australia is Sydney;

     (h) the term "Certification"
means a certificate substantially in the form of Exhibit B-2 hereto delivered by
the Euroclear Operator or Clearstream, Luxembourg, as the case may be, which
certificate is based on a certificate substantially in the form of Exhibit B-1
hereto provided to it by its account holders;

     (i) the term "Qualifying
Foreign Branch" means a branch of a United States financial institution, as
defined in United States Treasury Regulations Section 1.165-12(c)(1)(iv),
located outside the United States that is purchasing for its own account or for
resale and that has agreed, as a condition of purchase, to comply with the

4 

     requirements of Section
165(j)(3)(A), (B) or (C) of the United States Internal Revenue Code of 1986, as
amended and the regulations thereunder;

     (j) the term "Restricted
Period" with respect to each issuance means the period which begins on the
earlier of the date on which the Company receives the proceeds of the sale of
this Note with respect to its issuance or the first date on which this Note is
offered to persons other than the Dealers, and which ends 40 days after the date
on which the Company receives the proceeds of the sale of this Note;
provided that if this Note is held as part of an unsold allotment or
subscription, any offer or sale of this Note shall be deemed to be during the
Restricted Period;

     (k) the term "United
States" means the United States of America (including the States and the
District of Columbia), its territories, its possessions and other areas subject
to its jurisdiction;

     (l) the term "United States
person" means (i) a citizen or resident of the United States, (ii) a
corporation, partnership or other entity created or organized in or under the
laws of the United States or any political subdivision thereof, (iii) an estate
the income of which is subject to United States federal income taxation
regardless of its source, or (iv) a trust if a court in the United States is
able to exercise primary supervision over the administration of the trust and
one or more United States persons have the authority to control all substantial
decisions of the trust, or if such trust has a valid election in effect under
applicable U.S. Treasury regulations to be treated as a United States person;
and

     (m) all other terms used in
this Note which are defined in the Fiscal Agency Agreement and not otherwise
defined herein shall have the meanings assigned to them in the Fiscal Agency
Agreement.

5 

     IN WITNESS WHEREOF, the
Company has caused this Note to be duly executed.

	DATED:	GENERAL ELECTRIC CAPITAL CORPORATION
	 	 
	 	 	 
	[SEAL] 	By:  	 
	 	 	 
	 	Name: 	 	 
	 	Title:  	 Authorized Signatory

Attest:

	 	 
	By:  	 
	Title: 	 Authorized
  Signatory

 

	CERTIFICATE OF AUTHENTICATION	 	 
	
      This is one of
      the Notes referred to
in the within-mentioned Fiscal Agency
      Agreement.

	 	 
	JPMORGAN CHASE BANK,	 	 
	as Fiscal and Paying Agent 	 	 

 

	 	 
	By:  	 
	 	 	Authorized
      Officer

6 

SCHEDULE A-1 

SCHEDULE OF EXCHANGES 

     The Initial Principal Amount
of this Note is ________. The following payments of interest and exchanges of a
part of this Note for an interest in a single Permanent Global Floating Rate
Bearer Note (or if so specified above, for definitive Notes) have been
made:

	Date of
      Exchange or
Interest Payment 
	Payment
      of Interest	Principal (Face)3
Amount Exchanged
for Permanent
      Global
Bearer Notes or 
Definitive Notes 
	Remaining Principal (Face)5 
Amount Outstanding
      Following
Such Exchange 
	Notation
      made by or on 
behalf of Fiscal and
Paying Agent 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

	3
      	 	To
      be used instead of "Principal" if the Note has a dual-currency or index
      feature.

SCHEDULE A-2 

AMORTIZATION SCHEDULE 

[INSERT IF APPLICABLE] / [NOT APPLICABLE]

[FORM
OF CERTIFICATE TO BE GIVEN BY AN ACCOUNT
HOLDER OF THE EUROCLEAR OPERATOR AND
CLEARSTREAM, LUXEMBOURG] 

EXHIBIT B-1 

CERTIFICATE 

General Electric Capital Corporation
Euro Medium-Term
Notes
Represented by Temporary Global Note No. __. 

     This is to certify that as of
the date hereof, and except as set forth below, the above-captioned Notes held
by you for our account (i) are owned by person(s) that are not citizens or
residents of the United States, corporations, partnerships or other entities
created or organized in or under the laws of the United States or any political
subdivision thereof, estates whose income is subject to United States federal
income taxation regardless of its source, or a trust in which a court within the
United States is able to exercise primary supervision over the administration of
the trust and one or more United States persons have the authority to control
all substantial decisions of the trust or if such trust has a valid election in
effect under applicable U.S. Treasury regulations to be treated as a United
States person, ("United States person(s)"), (ii) are owned by United States
person(s) that (a) are foreign branches of United States financial institutions
(as defined in U.S. Treasury Regulations Section 1.165-12(c)(1)(iv)) ("financial
institutions") purchasing for their own account or for resale, or (b) acquired
the Notes through foreign branches of United States financial institutions and
who hold the Notes through such United States financial institutions on the date
hereof (and in either case (a) or (b), each such United States financial
institution hereby agrees, on its own behalf or through its agent, that you may
advise the Issuer or the Issuer's agent that it will comply with the
requirements of Section 165(j)(3)(A), (B) or (C) of the Internal Revenue Code of
1986, as amended, and the regulations thereunder), or (iii) are owned by United
States or foreign financial institution(s) for purposes of resale during the
restricted period (as defined in U.S. Treasury Regulations Section
1.163-5(c)(2)(i)(D)(7)), and in addition if the owner of the Notes is a United
States or foreign financial institution described in clause (iii) above (whether
or not also described in clause (i) or (ii)) such financial institution has not
acquired the Notes for purposes of resale directly or indirectly to a United
States person or to a person within the United States or its
possessions.

     As used herein, "United
States" means the United States of America (including the States and the
District of Columbia) and its "possessions" including Puerto Rico, the U.S.
Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana
Islands.

     We undertake to advise you
promptly by tested telex on or prior to the date on which you intend to submit
your certification relating to the Notes held by you for our account in
accordance with your Operating Procedures if any applicable statement herein is
not correct on such date, and in the absence of any such notification it may be
assumed that this certification applies as of such date.

     This certification excepts and
does not relate to [Currency] [Amount] of such interest in the above
Notes in respect of which we are not able to certify and as to which we
understand exchange and delivery of definitive Notes (or, if relevant, exercise
of any rights or collection of any interest) cannot be made until we do so
certify.

EXHIBIT B-1
Page 2

     We understand that this
certification is required in connection with certain tax laws and, if
applicable, certain securities laws of the United States. In connection
therewith, if administrative or legal proceedings are commenced or threatened in
connection with which this certification is or would be relevant, we irrevocably
authorize you to produce this certification to any interested party in such
proceedings.

Dated:
____________, 20 
[To be dated no earlier than the 10th day before

[insert date of Interest Payment Date prior to Exchange Date] 
[insert
date of redemption or acceleration prior to Exchange Date] 
[insert Exchange
Date]]

	 	[Name of Account Holder]
	 	 
	 	 	 
	 	By:  	 
	 	 	(Authorized Signatory)
	 	 	 	 
	 	 Name: 	 
	 	 Title:	 

[FORM
OF CERTIFICATE TO BE GIVEN BY
THE EUROCLEAR OPERATOR AND CLEARSTREAM,
LUXEMBOURG] 

EXHIBIT B-2 

CERTIFICATE 

General Electric Capital Corporation
Euro Medium-Term
Notes
Represented by Temporary Global Note No. ____. 

     This is to certify that, based
solely on certifications we have received in writing, by tested telex or by
electronic transmission from member organizations appearing in our records as
persons being entitled to a portion of the principal amount set forth below (our
"Member Organizations") substantially to the effect set forth in Exhibit B-1 to
the Fiscal and Paying Agency Agreement, as of the date hereof, [Currency]
[Amount] principal amount of the above-captioned Notes (i) is owned by
persons that are not citizens or residents of the United States, corporations,
partnerships or other entities created or organized in or under the laws of the
United States or any political subdivision thereof, estates whose income is
subject to United States federal income taxation regardless of its source, or a
trust in which a court within the United States is able to exercise primary
supervision over the administration of the trust and one or more United States
persons have the authority to control all substantial decisions of the trust or
if such trust has a valid election in effect under applicable U.S. Treasury
regulations to be treated as a United States person ("United States person(s)"),
(ii) is owned by United States persons that (a) are foreign branches of United
States financial institutions (as defined in U.S. Treasury Regulations Section
1.165-12(c)(1)(iv) ("financial institutions") purchasing for their own account
or for resale, or (b) acquired the Notes through foreign branches of United
States financial institutions and who hold the Notes through such United States
financial institutions on the date hereof (and in either case (a) or (b), each
such United States financial institution has agreed, on its own behalf or
through its agent, that we may advise the Issuer or the Issuer's agent that it
will comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the
Internal Revenue Code of 1986, as amended, and the regulations thereunder), or
(iii) is owned by United States or foreign financial institutions for purposes
of resale during the restricted period (as defined in U.S. Treasury Regulations
Section 1.163-5(c)(2)(i)(D)(7), and to the further effect that United States or
foreign financial institutions described in clause (iii) above (whether or not
also described in clause (i) or (ii)) have certified that they have not acquired
the Notes for purposes of resale directly or indirectly to a United States
person or to a person within the United States or its
possessions.

     As used herein, "United
States" means the United States of America (including the States and the
District of Columbia) and its "possessions" including Puerto Rico, the U.S.
Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana
Islands.

     We further certify (i) that we
are not making available herewith for exchange (or, if relevant, exercise of any
rights or collection of any interest) any portion of the temporary global Note
excepted as set forth herein and (ii) that as of the date hereof we have not
received any notification from any of our Member Organizations to the effect
that the statements made by such Member Organizations with respect to any
portion of the part submitted herewith for exchange (or, if relevant, exercise
of any rights or collection of any interest) are no longer true and cannot be
relied upon as of the date hereof.

EXHIBIT B-2
Page 2

     We understand that this
certification is required in connection with certain tax laws and, if
applicable, certain securities laws of the United States. In connection
therewith, if administrative or legal proceedings are commenced or threatened in
connection with which this certification is or would be relevant, we irrevocably
authorize you to produce this certification to any interested party in such
proceedings.

Dated:
_________, 20 
[To be dated no earlier than 
[insert date of Interest
Payment Date prior to Exchange Date] 
[insert date of redemption or
acceleration prior to Exchange Date] 
[insert Exchange
Date]]

	 	[EUROCLEAR BANK, S.A./N.V, 
  as Operator of
      the Euroclear System]
	 	 
	 	[CLEARSTREAM BANKING, SOCIETE ANONYME];
	 	 
	 	[OTHER
      CLEARANCE SYSTEM]
	 	 
	 	 	 
	 	By:Exhibit 4(m)

Exhibit
4(m)

FORM
OF DEFINITIVE FIXED RATE BEARER NOTE

GENERAL
ELECTRIC CAPITAL CORPORATION

	
      BEARER
	
      BEARER

	
      No.
      DBFX
	
      [
      ]1

	 	
      [
      ]2

ANY
UNITED STATES PERSON WHO HOLDS THIS OBLIGATION WILL BE SUBJECT TO LIMITATIONS
UNDER THE UNITED STATES INCOME TAX LAWS, INCLUDING THE LIMITATIONS PROVIDED IN
SECTIONS 165(j) AND 1287(a) OF THE INTERNAL REVENUE CODE.

 

 

1.
Insert Principal Amount.

 

2.
Insert Optional Payment if the Note has dual-currency feature.

 

 

GENERAL
ELECTRIC CAPITAL CORPORATION

EURO
MEDIUM-TERM NOTE

(Fixed
Rate)

SERIES:

	
      ISIN:

       

       

      COMMON

      CODE:

       

       

      ORIGINAL
      ISSUE DATE:

       

       

      MATURITY
      DATE:

       

       

      PRINCIPAL
      AMOUNT IN SPECIFIED CURRENCY:

       

       

      INTEREST
      RATE:

       

       

      INTEREST
      PAYMENT PERIOD:

       

       

      FIXED
      INTEREST PAYMENT DATE(S):

       

       
	
      INTEREST
      DETERMINATION DATES:

       

       

      INTEREST
      COMMENCEMENT DATE:

       

       

      ISSUER
      OPTIONAL REDEMPTION DATE:

       

       

      NOTEHOLDER
      OPTIONAL REDEMPTION DATE:

       

       

      OPTIONAL
      REPAYMENT:

       

       

      OPTIONAL
      REPAYMENT DATE(S):

       

       

      SPECIFIED
      (FACE AMOUNT) CURRENCY:

       

       
	
      OPTION
      VALUE CALCULATION AGENT:

       

       

      OPTIONAL
      PAYMENT CURRENCY:

       

       

      OPTION
      ELECTION DATES:

       

       

      DESIGNATED
      EXCHANGE RATE:

       

       

      CURRENCY
      BASE RATE:

       

       

      DETERMINATION
      AGENT:

       

       

      INITIAL
      MATURITY DATE:

       

       

      ELECTION
      DATE

       

       
	
      FINAL
      MATURITY DATE:

       

       

       

      AVAILABILITY
      OF 

      REGISTERED
      NOTES:

       

       

      DENOMINATIONS
      OF DEFINITIVE NOTES (if not as set forth herein):

       

       

      REDENOMINATION:

       

       

      DAY
      COUNT FRACTION:

      [  ]  30/360

      [  ]  Actual/Actual
      (ISMA)

       

       

      LISTING:

       

       

      TAX
      REDEMPTION DATE:

       

General
Electric Capital Corporation (together with its successors and assigns, the
"Company"), for value received, hereby promises to pay to the holder hereof upon
surrender hereof, the principal sum (or Face Amount, if the Note has a
dual-currency or index feature) specified above on the Maturity Date specified
above (except to the extent redeemed or repaid prior to the Maturity Date)
or
in accordance with the Amortization Schedule set out in Schedule A hereto
and
to pay interest thereon to the bearer of the coupons, if any, attached hereto
(the "Coupons") at the Interest Rate per annum specified above from the last
date on which interest was paid on the predecessor global Note, or if no such
interest was paid, then from the Original Issue Date of the predecessor global
Note, until the principal hereof is paid or duly made available for payment
(except as provided below), in arrears monthly, quarterly, semiannually or
annually as specified above as the Interest Payment Period on each Fixed
Interest Payment Date (as specified above), commencing with the first Fixed
Interest Payment Date next succeeding the Original Issue Date specified above,
and on the Maturity Date (or any other redemption or repayment date specified
above). 

Payment
of the principal of this Note and any premium due at the Maturity Date (or any
other redemption or repayment date) will be made in immediately available funds
upon surrender of this Note at the office or agency of the Fiscal and Paying
Agent or at the office or agency of such other paying agents outside the United
States (this and certain other capitalized terms used herein are defined on the
reverse of this Note) as the Company may determine maintained for that purpose
(a "Paying Agent").

Interest
on this Note will accrue from the most recent Fixed Interest Payment Date to
which interest hereon or on the predecessor global Note has been paid or duly
provided for, or, if no interest has been paid or duly provided for, from the
Original Issue Date of the predecessor global Note, until the principal hereof
has been paid or duly made available for payment (except as provided below). The
interest so payable, and punctually paid or duly provided for, on any Fixed
Interest Payment Date, will, subject to certain exceptions described herein, be
paid to the holder of the 

 

2

appropriate
Coupon upon presentment and surrender thereof at the office or agency of the
Fiscal and Paying Agent or at the office of any Paying Agent. 

If
the Specified Currency is other than U.S. dollars, then, except as provided on
the reverse hereof, payment of the principal of and premium, if any, and
interest on this Note will be made in such Specified Currency either by a check
drawn on a bank in London, Luxembourg or a city in the country of such Specified
Currency or by wire transfer of immediately available funds to an account
maintained by the holder of this Note with a bank located outside the United
States if appropriate wire transfer instructions in writing have been received
by the Fiscal and Paying Agent or any Paying Agent not less than 10 days prior
to the applicable Fixed Interest Payment Date.

If
the Specified Currency indicated on the face hereof is U.S. dollars, any payment
of the principal of and premium, if any, and interest on this Note will be made,
subject to applicable laws and regulations, in such coin or currency of the
United States of America as at the time of payment is legal tender for payment
of public and private debts either by a check drawn on a bank in The City of New
York mailed to an address outside the United States furnished by the holder or
by wire transfer of immediately available funds to an account maintained by the
holder of this Note with a bank located outside the United States if appropriate
wire transfer instructions have been received by the Fiscal and Paying Agent or
any Paying Agent not less than 10 days prior to the applicable payment date.
Notwithstanding the foregoing, in the event that payment in U.S. dollars of the
full amount payable on this Note at the offices of all Paying Agents would be
illegal or effectively precluded as a result of exchange controls or similar
restrictions, payment on this Note will be made by a paying agency in the United
States, if such paying agency, under applicable law and regulations, would be
able to make such payment.

This
Note is issued in the principal amount set forth on the face hereof, but the
total aggregate principal amount of the Series to which this Note belongs is
unlimited. The Company has the right, without the consent of the holder of any
Note or coupon appertaining thereto, to issue additional Notes which form part
of the Series to which this Note belongs.

Reference
is hereby made to the further provisions of this Note set forth on the reverse
hereof, which further provisions shall for all purposes have the same effect as
if set forth at this place.

Unless
the certificate of authentication hereon has been executed by the Fiscal and
Paying Agent by manual signature, this Note shall not be entitled to any benefit
under the Fiscal Agency Agreement, as defined on the reverse hereof, or be valid
or obligatory for any purpose.

3

IN
WITNESS WHEREOF,
the Company has caused this Note to be duly executed under its corporate
seal.

	
      DATED:
	
      GENERAL
      ELECTRIC CAPITAL

	 	
      CORPORATION

	 	 
	 	 
	
      [SEAL]
	
      By: 

	 	
      Title:

	 	 
	 	 
	
      Attest:
	 
	 	 
	 	 
	
      By: 
	 
	
      Title:
	 
	 	 
	 	 
	
      CERTIFICATE
      OF AUTHENTICATION
	 
	 	 
	
      This
      is one of the Notes referred to
	 
	
      in
      the within-mentioned Fiscal Agency Agreement.
	 
	 	 
	 	 
	
      JPMORGAN
      CHASE BANK,
	 
	
      as
      Fiscal and Paying Agent
	 
	 	 
	 	 
	
      By: 
	 
	
      Authorized
      Officer
	 

4

[Form
of Reverse of Note]

This
Note is one of a duly authorized issue of Euro Medium-Term Notes of the Series
specified on the face hereof, having maturities of nine months or more from the
date of issue (the "Notes") of the Company. The Notes are issuable under a fifth
amended and restated fiscal and paying agency agreement, dated as of May 21,
2004 among the Company, GE Capital Australia Funding Pty. Ltd., GE Capital
Canada Funding Company, GE Capital European Funding, GE Capital UK Funding and
JPMorgan Chase Bank, as fiscal agent and as principal paying agent (in such
capacities, the "Fiscal and Paying Agent") (as amended and supplemented from
time to time, the "Fiscal Agency Agreement"), to which Fiscal Agency Agreement
reference is hereby made for a statement of the respective rights, limitations
of rights, duties and immunities of the Company and holders of the Notes and the
terms upon which the Notes are, and are to be, authenticated and delivered.
JPMorgan Chase Bank at its office in London has been appointed the Exchange Rate
Agent (the "Exchange Rate Agent", which terms include any successor exchange
rate agent) with respect to the Notes. The terms of individual Notes may vary
with respect to interest rates, interest rate formulas, issue dates, maturity
dates, or otherwise, all as provided in the Fiscal Agency Agreement. To the
extent not inconsistent herewith, the terms of the Fiscal Agency Agreement are
hereby incorporated by reference herein.

This
Note will not be subject to any sinking fund and will not be redeemable or
subject to repayment at the option of the holder prior to maturity, except as
provided below.

Unless
otherwise indicated on the face of this Note, this Note shall not be subject to
repayment at the option of the holder prior to the Maturity Date. If so
indicated on the face of this Note, this Note may be subject to repayment at the
option of the holder on the Optional Repayment Date or Dates specified on the
face hereof on the terms set forth herein. On any Optional Repayment Date, this
Note will be repayable in whole or in part in increments of 1,000 units of the
Specified Currency indicated on the face hereof (provided that any remaining
principal amount hereof shall not be less than the minimum authorized
denomination hereof) at the option of the holder hereof at a price equal to 100%
of the principal amount to be repaid, together with interest hereon payable to,
but not including, the relevant Noteholder Optional Redemption Date. For this
Note to be repaid in whole or in part at the option of the holder hereof, the
Company must receive at the corporate trust office of the Fiscal and Paying
Agent in the City of London, at least 30 days but not more than 60 days prior to
the repayment, (i) this Note with the form entitled "Option to Elect Repayment"
on the reverse hereof duly completed or (ii) a telegram, facsimile transmission
or a letter from a commercial bank or trust company in Western Europe which must
set forth the principal amount of this Note, the principal amount of this Note
to be repaid, the certificate number or a description of the tenor and terms of
this Note, a statement that the option to elect repayment is being exercised
thereby and a guarantee that this Note to be repaid, together with the duly
completed form entitled "Option to Elect Repayment" on the reverse hereof, will
be received by the Fiscal and Paying Agent not later than the fifth Business Day
after the date of such telegram, facsimile transmission or letter; provided,
however,
that such telegram, facsimile transmission or letter from a commercial bank or
trust company in Western Europe shall only be effective if in such case, this
Note and form duly completed are received by the Fiscal and Paying Agent by such
fifth Business Day. Exercise of such repayment option by the holder hereof shall
be irrevocable. In the event of repayment of this Note in part only, a new Note
or Notes for the amount of the unpaid portion hereof shall be issued in the name
of the holder hereof upon cancellation hereof, but only in an authorized
denomination.

Interest
payments on this Note will include interest accrued to but excluding the Fixed
Interest Payment Dates or the Maturity Date (or earlier redemption or repayment
date), as the case may be. Interest payments for this Note, unless otherwise
specified on the face hereof, will be computed and paid on the following
basis:

	·  	
      where
      "30/360" is specified, interest will be computed and paid on the basis of
      the number of days in the Calculation Period divided by 360 (the number of
      days to be calculated on the basis of a 360-day year of twelve 30-day
      months) ("30/360").

 

	·  	
      where
      "Actual/Actual (ISMA)" is specified, interest will be computed and paid on
      the following basis :

 

 

(a) in
the case of Notes where the number of days in the relevant period from (and
including) the most recent Fixed Interest Payment Date (or, if none, the
Interest Commencement Date) to (but excluding) the relevant payment date (the
"Calculation
Period")
is equal to or shorter than 

 

5

the
Determination Period (as defined below) during which the Calculation Period
ends, the number of days in such Calculation Period divided by the product of
(1) the number of days in such Determination Period and (2) the number of
determination dates (each, a "Determination
Date")
that would occur in one calendar year, assuming interest was to be payable in
respect of the whole of that year; or

 

(b) in
the case of Notes where the Calculation Period is longer than the Determination
Period during which the Calculation Period ends, the sum of:

 

(i) the
number of days in such Calculation Period falling in the Determination Period in
which the Calculation Period begins divided by the product of (x) the number of
days in such Determination Period and (y) the number of Determination Dates (as
specified in the applicable Pricing Supplement) that would occur in one calendar
year, assuming interest was to be payable in respect of the whole of that year;
and

(ii) the
number of days in such Calculation Period falling in the next Determination
Period divided by the product of (x) the number of days in such Determination
Period and (y) the number of Determination Dates that would occur in one
calendar year, assuming interest was to be payable in respect of the whole of
that year;

"Determination
Period"
means the period from (and including) a Determination Date to (but excluding)
the next Determination Date (including, where either the Interest Commencement
Date or the final Fixed Interest Payment Date is not a Determination Date, the
period commencing on the first Determination Date prior to, and ending on the
first Determination Date falling after, such date).

In
the case where the Fixed Interest Payment Date or the Maturity Date (or any
other redemption or repayment date) does not fall on a Business Day, payment of
interest, premium, if any, or principal otherwise payable on such date need not
be made on such date, but may be made on the next succeeding Business Day with
the same force and effect as if made on the Fixed Interest Payment Date or on
the Maturity Date (or any other redemption or repayment date), and no interest
shall accrue for the period from and after the Fixed Interest Payment Date or
the Maturity Date (or any other redemption or repayment date) to such next
succeeding Business Day. 

This
Note is unsecured and ranks pari passu
with all other unsecured and unsubordinated indebtedness of the
Company.

This
Note has been issued in bearer form (a "Bearer Note"), with Coupons, if any, and
any Note or Notes issued upon transfer or exchange hereof is issuable as a
Bearer Note, with Coupons, if any, attached, in
such denominations of the Specified Currency as are indicated on the face hereof
or (if so specified on the face hereof) as a Note in fully registered form,
without coupons (a "Registered Note"), in such denominations of the Specified
Currency as are indicated on the face hereof.

This
Note may be transferred by delivery. If so specified on the face hereof, then,
at the option of the holder of this Note, and subject to the terms of the Fiscal
Agency Agreement, this Note (with all unmatured Coupons, and all matured Coupons
in default) will be exchangeable at the option of the holder hereof into
Registered Notes of any authorized denominations of like tenor and in an equal
aggregate principal amount, in accordance with the provisions of the Fiscal
Agency Agreement, at the corporate trust office of JPMorgan Chase Bank, which
initially has been appointed registrar for the Registered Notes or at the office
of any transfer agent appointed by the Company for such purpose. If this Note is
surrendered in exchange for Registered Notes after the close of business at any
such office on (i) any record date for the payment of interest (a "Regular
Record Date") on a Registered Note on a Fixed Interest Payment Date and before
the opening of business at such office on the relevant Fixed Interest Payment
Date, or (ii) any record date to be established for the payment of
defaulted interest on a Registered Note (a "Special Record Date") and before the
opening of business at such office on the related proposed date for payment of
defaulted interest, this Note shall be surrendered without the Coupon relating
to such date for payment of interest. This Note may also be exchanged for other
definitive Bearer Notes with Coupons, if any, in other authorized denominations,
in an equal aggregate principal amount, in accordance with the provisions of the
Fiscal Agency Agreement, at the offices of the Fiscal and Paying Agent or at the

6

 

office
of any transfer agent designated by the Company for such purpose. All such
exchanges of Notes and Coupons will be made free of charge, but the Company may
require payment of a sum sufficient to cover any tax or other governmental
charge in connection therewith. The date of surrender of any Note or Coupon
delivered upon any exchange or transfer of Notes or Coupons shall be such that
no gain or loss of interest results from such exchange or transfer.

If
this Note is to be redeemed, the Company shall not be required to issue or
exchange this Note for a period of 15 days preceding the date fixed for
redemption.

In
case any Note shall at any time become mutilated, destroyed, lost or stolen, or
is apparently destroyed, lost or stolen, and such Note or evidence of the loss,
theft or destruction thereof (together with the indemnity hereinafter referred
to and such other documents or proof as may be required in the premises) shall
be delivered to the Fiscal and Paying Agent, a new Note of like tenor will be
issued by the Company in exchange for the Note so mutilated or defaced, or in
lieu of the Note so destroyed or lost or stolen, but, in the case of any
destroyed or lost or stolen Note only upon receipt of evidence satisfactory to
the Fiscal and Paying Agent and the Company that such Note was destroyed or lost
or stolen and, if required, upon receipt also of an indemnity satisfactory to
each of them. All expenses and reasonable charges associated with procuring such
indemnity and with the preparation, authen-tication and delivery of a new Note
shall be borne by the owner of the Note mutilated, defaced, destroyed, lost or
stolen.

The
Fiscal Agency Agreement provides that if an Event of Default (as defined in the
Fiscal Agency Agreement) with respect to the Series of which this Note forms a
part, shall have occurred and be continuing, the holder hereof, by notice in
writing to the Company and to the Fiscal and Paying Agent, may declare the
principal of this Note and the interest accrued hereon to be due and payable
immediately.

Notes
of the Series of which this Note forms a part may be redeemed, at the option of
the Company, as a whole but not in part, at any time prior to maturity, upon the
giving of a notice of redemption as described below, at a redemption price equal
to 100% of the principal amount thereof, together with accrued interest to the
date fixed for redemption, or, in the case of Original Issue Discount Notes, at
100% of the portion of the face amount thereof that has accrued to the date of
redemption, if the Company determines that, as a result of any change in or
amendment to the laws (or any regulations or rulings promulgated thereunder) of
the United States or of any political subdivision or taxing authority thereof or
therein affecting taxation, or any change in official position regarding the
application or interpretation of such laws, regulations or rulings, which change
or amendment becomes effective on or after the Tax Redemption Date specified on
the face hereof, the Company has or will become obligated to pay Additional
Amounts (as defined below) with respect to the Notes as described below. Prior
to the giving of any notice of redemption pursuant to this paragraph, the
Company shall deliver to the Fiscal and Paying Agent (i) a certificate stating
that the Company is entitled to effect such redemption and setting forth a
statement of facts showing that the conditions precedent to the right of the
Company to so redeem have occurred, and (ii) an opinion of counsel satisfactory
to the Fiscal and Paying Agent to such effect based on such statement of facts;
provided that no such notice of redemption shall be given earlier than 90 days
prior to the earliest date on which the Company would be obligated to pay such
Additional Amounts if a payment in respect of the Notes were then
due.

Notice
of redemption will be given not less than 30 nor more than 60 days prior to the
date fixed for redemption, which date and the applicable redemption price will
be specified in the notice. Such notice will be given in accordance with
"Notices" as defined below.

If
the Company shall determine that any payment made outside the United States by
the Company or any Paying Agent of principal or interest [, including original
issue discount,]3
due in respect of any Bearer Notes of the Series of which this Note forms a part
would, under any present or future laws or regulations of the United States, be
subject to any certification, identification or other information reporting
requirement of any kind, the effect of which requirement is the disclosure to
the Company, any Paying Agent or any governmental authority of the nationality,
residence or identity of a beneficial owner of such Bearer Note or interest
coupon who is a United States Alien (other than such a requirement (a) which
would not be applicable to a payment made by the Company or any one of its
Paying 

 

3.
Include if Notes are original issue discount Notes.

7

Agents
(i) directly to the beneficial owner or (ii) to a custodian, nominee or other
agent of the beneficial owner, or (b) which can be satisfied by such
custodian, nominee or other agent certifying to the effect that such beneficial
owner is a United States Alien, provided that in each case referred to in
clauses (a)(ii) and (b) payment by such custodian, nominee or agent to such
beneficial owner is not otherwise subject to any such requirement), the Company
shall redeem the Bearer Notes, in whole, at a redemption price equal to 100% of
the principal amount thereof, together with accrued interest to the date fixed
for redemption (or, in the case of original issue discount Notes, at 100% of the
portion of the face amount thereof that has accrued to the date of redemption)
or, at the election of the Company if the conditions of the next succeeding
paragraph are satisfied, pay the additional amounts specified in such paragraph.
The Company shall make such determination and election as soon as practicable
and publish prompt notice thereof (the "Determination Notice") stating the
effective date of such certification, identification or other information
reporting requirements, whether the Company will redeem the Bearer Notes of such
Series, or whether the Company has elected to pay the Additional Amounts
specified in the next succeeding paragraph, and (if applicable) the last date by
which the redemption of the Bearer Notes must take place, as provided in the
next succeeding sentence. If the Company redeems the Bearer Notes, such
redemption shall take place on such date, not later than one year after the
publication of the Determination Notice, as the Company shall elect by notice to
the Fiscal and Paying Agent at least 60 days prior to the date fixed for
redemption. Notice of such redemption of the Bearer Notes will be given to the
holders of the Bearer Notes not more than 60 nor less than 30 days prior to the
date fixed for redemption. Such redemption notice shall include a statement as
to the last date by which the Bearer Notes to be redeemed may be exchanged for
Registered Notes. Notwithstanding the foregoing, the Company shall not so redeem
the Bearer Notes if the Company shall subsequently determine, not less than 30
days prior to the date fixed for redemption, that subsequent payments would not
be subject to any such requirement, in which case the Company shall publish
prompt notice of such determination and any earlier redemption notice shall be
revoked and of no further effect. The right of any of the holders of Bearer
Notes called for redemption pursuant to this paragraph to exchange such Bearer
Notes for Registered Notes will terminate at the close of business of the Fiscal
and Paying Agent on the fifteenth day prior to the date fixed for redemption,
and no further exchanges of such Series of Bearer Notes for Registered Notes
shall be permitted.

If
and so long as the certification, identification or other information reporting
requirements referred to in the preceding paragraph would be fully satisfied by
payment of a backup withholding tax or similar charge, the Company may elect to
pay as Additional Amounts such amounts as may be neces-sary so that every net
payment made outside the United States following the effective date of such
requirements by the Company or any Paying Agent of principal or interest[,
including original issue discount,]4
due in respect of any Bearer Note or any interest coupon of which the beneficial
owner is a United States Alien (but without any requirement that the
nationality, residence or identity of such beneficial owner be disclosed to the
Company, any Paying Agent or any governmental authority, with respect to the
payment of such additional amounts), after deduction or withholding for or on
account of such backup withholding tax or similar charge (other than a backup
withholding tax or similar charge which (i) would not be applicable in the
circumstances referred to in the second parenthetical clause of the first
sentence of the preceding paragraph, or (ii) is imposed as a result of the
presentation of such Bearer Note or interest coupon for payment more than 15
calendar days after the date on which such payment becomes due and payable or on
which payment thereof is duly provided for, whichever occurs later), will not be
less than the amount provided for in such Bearer Note or interest coupon to be
then due and payable. In the event the Company elects to pay any Additional
Amounts pursuant to this paragraph, the Company shall have the right to redeem
the Bearer Notes of such Series in whole at any time pursuant to the applicable
provisions of the immediately preceding paragraph and the redemption price of
such Bearer Notes shall not be reduced for applicable withholding taxes. If the
Company elects to pay Additional Amounts pursuant to this paragraph and the
condition specified in the first sentence of this paragraph should no longer be
satisfied, then the Company shall redeem the Bearer Notes of such Series in
whole, pursuant to the applicable provisions of the immediately preceding
paragraph.

The
Company will, subject to certain exceptions and limitations set forth below, pay
such additional amounts (the "Additional Amounts") to the holder of any Note or
of any coupon, if any, who is a United States Alien as may be necessary in order
that every net payment of the principal of, premium and interest, including
original issue discount, on such Note and any other amounts payable on such
Note, after withholding for or on account of any present or future tax,
assessment or governmental charge imposed upon or as a result of such payment by
the United States (or any political subdivision or taxing authority thereof or
therein), will not be less than the amount provided for in such Note or coupon,

4.
Include if Notes are original issue discount Notes.

8

if
any, to be then due and payable. However, the Company will not be required to
make any payment of Additional Amounts to any such holder for or on account
of:

(a) any
such tax, assessment or other governmental charge which would not have been so
imposed but for (i) the existence of any present or former connection between
such holder (or between a fiduciary, settlor, beneficiary, member or shareholder
of such holder, if such holder is an estate, a trust, a partnership or a
corporation) and the United States, including, without limitation, such holder
(or such fiduciary, settlor, beneficiary, member or shareholder) being or having
been a citizen or resident thereof or being or having been engaged in a trade or
business or present therein or having, or having had, a permanent establishment
therein or (ii) the presentation by the holder of any such Note or coupon, if
any, for payment on a date more than 15 calendar days after the date on which
such payment became due and payable or on the date on which payment thereof is
duly provided for, whichever occurs later;

(b) any
estate, inheritance, gift, sales, transfer or personal property tax or any
similar tax, assessment or governmental charge;

(c) any
tax, assessment or other governmental charge imposed by reason of such holder's
past or present status as a personal holding company or foreign personal holding
company or controlled foreign corporation or passive foreign investment company
with respect to the United States or as a corporation which accumulates earnings
to avoid United States federal income tax or as a private foundation or other
tax-exempt organization;

(d) any
tax, assessment or other governmental charge which is payable otherwise than by
withholding from payments on or in respect of any Note;

(e) any
tax, assessment or other governmental charge which would not have been imposed
but for the failure to comply with certification, information or other reporting
requirements concerning the nationality, residence or identity of the holder or
beneficial owner of such Note, if such compliance is required by statute or by
regulation of the United States or of any political subdivision or taxing
authority thereof or therein as a precondition to relief or exemption from such
tax, assessment or other governmental charge;

(f) any
tax, assessment or other governmental charge imposed by reason of such holder's
past or present status as the actual or constructive owner of 10% or more of the
total combined voting power of all classes of stock entitled to vote of the
Company or as a direct or indirect subsidiary of the Company; or

(g)  any
tax, assessment or other governmental charge required to be deducted or withheld
by any Paying Agent from a payment on a Note or coupon, if such payment can be
made without such deduction or withholding by any other Paying Agent;
or

 

(h)  any
combination of items (a), (b), (c), (d), (e), (f) and (g);

nor
shall Additional Amounts be paid with respect to any payment on a Note to a
United States Alien who is a fiduciary or partnership or other than the sole
beneficial owner of such payment to the extent such payment would be required by
the laws of the United States (or any political subdivision thereof) to be
included in the income, for tax purposes, of a beneficiary or settlor with
respect to such fiduciary or a member of such partnership or a beneficial owner
who would not have been entitled to the Additional Amounts had such beneficiary,
settlor, member or beneficial owner been the holder of such
Note.

9

The
Company will not be required to make any payment of Additional Amounts to any
holder for or on the account of :

	(a)  	
      any
      tax, duty, assessment or other governmental charge required to be withheld
      by any Paying Agent from any payment of principal of, or interest on, any
      Note, if such payment can be made without such withholding by any other
      Paying Agent in a member state of the European Union;
or

	(b)  	
      any
      tax, duty, assessment or other governmental charge required to be imposed
      or withheld on a payment to an individual and such deduction or
      withholding is required to be made pursuant to any European Union
      Directive on the taxation of savings or any law implementing or complying
      with, or introduced in order to conform to, such Directive.
    

The
Fiscal Agency Agreement provides that the Company will not merge or consolidate
with any other corporation or sell, convey, transfer or otherwise dispose of all
or substantially all of its properties to any other corporation, unless (i)
either the Company shall be the continuing corporation or the successor
corporation (if other than the Company) (the "successor corporation") shall be a
corporation organized under the laws of the United States of America or of a
state thereof and such successor corporation shall expressly assume the due and
punctual payments of all amounts due under this Note and the due and punctual
performance of all of the covenants and obligations of the Company under this
Note by supplemental agreement satisfactory to the Fiscal and Paying Agent
executed and delivered to such Fiscal and Paying Agent by the successor
corporation and the Company and (ii) the Company or such successor corporation,
as the case may be, shall not, immediately after such merger or consolidation,
or such sale, conveyance, transfer or other disposition, be in default in the
performance of any such covenant or obligation. Upon any such merger or
consolidation, sale, conveyance, transfer or other disposition, such successor
corporation shall succeed to and be substituted for, and may exercise every
right and power of and shall be subject to all the obligations of, the Company
under this Note, with the same effect as if such successor corporation had been
named as the Company herein, and the Company shall be released from its
liability under this Note and under the Fiscal Agency Agreement.

The
Fiscal Agency Agreement permits the Company, when authorized by resolution of
the Board of Directors, and the Fiscal and Paying Agent, with the consent of the
holders of not less than a majority in aggregate principal amount of the Notes
of the Series of which this Note forms a part, to modify or amend the Fiscal
Agency Agreement or such Notes; provided,
however,
that no such modification or amendment may, without the consent of the holders
of each such Note affected thereby, (i) change the stated maturity of the
principal of any such Note or extend the time for payment of interest thereon;
(ii) change the amount of the principal of an Original Issue Discount Note of
such Series that would be due and payable upon an acceleration of the maturity
thereof; (iii) reduce the amount of interest payable thereon or the amount
payable thereon in the event of redemption or acceleration; (iv) change the
currency of payment of principal of or any other amounts payable on any such
Note; (v) impair the right to institute suit for the enforcement of any such
payment on or with respect to any such Note; (vi) reduce the above-stated
percentage of the principal amount of Notes of such Series the consent of whose
holders is necessary to modify or amend the Fiscal Agency Agreement or the Notes
of such Series or reduce the percentage of the Notes of such Series required for
the taking of action or the quorum required at any such meeting of holders of
Notes of such Series; or (vii) modify the foregoing requirements to reduce the
percentage of outstanding Notes of such Series necessary to waive any future
compliance or past default.

Purchasers
are required to pay for the Notes in the currency specified in the applicable
Pricing Supplement. Payment of principal, premium, if any, and interest, if any,
on each Note will be made in immediately available funds in the Specified
Currency unless otherwise specified in the applicable Pricing Supplement and
except as provided below.

If
specified in the applicable Pricing Supplement, the Company may, without the
consent of holders of Notes denominated in a Specified Currency of a member
state of the European Union, which on or after the issue date of such Notes
participates in European Economic and Monetary Union, on giving at least 30
days' prior notice (the "Redenomination Notice") to the holders of such Notes
and on prior notice to the Paying Agent and, if applicable, Euroclear Bank,
S.A./N.V.as operator of the Euroclear System, Clearstream Banking, société
anonyme and/or any other relevant clearing system, elect that, with effect from
the date specified in the Redenomination Notice (the "Redenomination Date"),
such Notes shall be redenominated in euro. The election will have effect as
follows: (a) the Notes shall be deemed to be redenominated into euro in the
denomination of €0.01 with a nominal 

10

amount
for each Note equal to the nominal amount of that Note in the Specified
Currency, converted into euro at the Established Rate (defined below), provided
that, if the Company determines after consultation with the Paying Agent that
the then market practice in respect of the redenomination into euro of
internationally offered securities is different from the provisions specified
above, such provisions shall be deemed to be amended so as to comply with such
market practice and the Company shall promptly notify the holders of Notes, any
stock exchange on which the Notes may be listed and the Paying Agent of such
deemed amendments; (b) save to the extent that an Exchange Notice (defined
below) has been given in accordance with paragraph (d) below, the amount of
interest due in respect of the Notes will be calculated by reference to the
aggregate nominal amount of Notes presented (or, as the case may be, in respect
of which coupons are presented) for payment by the relevant holder and the
amount of such payment shall be rounded down to the nearest €0.01; (c) if
definitive Notes are required to be issued after the Redenomination Date, they
shall be issued at the expense of the Company in the denominations of €1,000,
€10,000, €100,000 and (but only to the extent of any remaining amounts less than
€1,000 or such smaller denominations as the Paying Agent may approve) €0.01 and
such other denominations as the Company shall determine and notify to the
Noteholders; (d) if issued prior to the Redenomination Date, all unmatured
coupons denominated in the Specified Currency (whether or not attached to the
Notes) will become void with effect from the date on which the Company gives
notice (the "Exchange Notice") that replacement euro-denominated Notes and
coupons are available for exchange (provided that such securities are so
available) and no payments will be made in respect of them. The payment
obligations contained in any Notes so issued will also become void on that date
although such Notes will continue to constitute valid exchange obligations of
the Company. New euro-denominated Notes and coupons, if any, will be issued in
exchange for Notes and coupons, if any, denominated in the Specified Currency in
such manner as the Paying Agent may specify and as shall be notified to the
holders of Notes in the Exchange Notice. No Exchange Notice may be given less
than 15 days prior to any date for payment of principal or interest on the
Notes; (e) after the Redenomination Date, all payments in respect of the Notes
and the coupons, if any, including payments of interest in respect of periods
commencing before the Redenomination Date, will be made solely in euro as though
references in the Notes to the Specified Currency were to euro. Payments will be
made in euro by credit or transfer to a euro account outside the United States
(or any other account to which euro may be credited or transferred) specified by
the payee or, at the option of the payee, by a euro cheque mailed to an address
outside the United States; (f) if interest for any period ending on or after the
Redenomination Date is required to be calculated for a period ending other than
on a Fixed Interest Payment Date, it will be calculated by applying the Interest
Rate to each Specified Denomination, multiplying such sum by the applicable Day
Count Fraction specified in the applicable Pricing Supplement, and rounding the
resultant figure to the nearest sub-unit of the relevant Specified Currency,
half of any such sub-unit being rounded upwards or otherwise in accordance with
applicable market convention; (g) such other changes shall be made as the
Company may decide, after consultation with the Paying Agent and the calculation
agent (if applicable), and as may be specified in the Redenomination Notice, to
conform them to conventions then applicable to instruments denominated in euro.
For the purposes hereof, "Established Rate" means the rate for the conversion of
the Specified Currency (including compliance with rules relating to roundings in
accordance with applicable European Union regulations) into euro established by
the Council of the European Union pursuant to Article 109L(4) of the treaty
establishing the European Communities, as amended by the Treaty on European
Union, and "sub-unit" means, with respect to any Specified Currency other than
euro, the lowest amount of such Specified Currency that is available as legal
tender in the country of such Specified Currency and, with respect to euro,
means one cent.

Payments
of principal, premium, if any, and interest, if any, on any Note denominated in
a Specified Currency other than U.S. dollars shall be made in U.S. dollars if,
on any payment date, such Specified Currency (a) is unavailable due to
imposition of exchange controls or other circumstances beyond the Company's
control or (b) is no longer used by the government of the country issuing such
currency or for the settlement of transactions by public institutions in that
country or within the international banking community. Such payments shall be
made in U.S. dollars on such payment date and on all subsequent payment dates
until such Specified Currency is again available or so used as determined by the
Company.

Amounts
so payable on any such date in such Specified Currency shall be converted into
U.S. dollars at a rate determined by the Exchange Rate Agent on the basis of the
most recently available Market Exchange Rate or as otherwise indicated in the
applicable Pricing Supplement. The Exchange Rate Agent at the date of the Fiscal
Agency Agreement is JPMorgan Chase Bank. Any payment required to be made on
Notes denominated in a Specified Currency other than U.S. dollars that is
instead made in U.S. dollars under the circumstances described above will not
constitute a 

 

11

default
of any obligation of the relevant Issuer under such Notes. The "Market Exchange
Rate" with respect to any currency other than U.S. dollars means, for any day,
the noon dollar buying rate in The City of New York on such day for cable
transfers of such currency as published by the Federal Reserve Bank of New York,
or, if such rate is not published for such day, the equivalent rate as
determined by the Exchange Rate Agent.

The
provisions of the two preceding paragraphs shall not apply in the event of the
introduction in the country issuing any Specified Currency of the euro pursuant
to the entry of such country into European Economic and Monetary Union.
In
this situation, payments of principal, premium, if any, and interest, if any, on
any Note denominated in any such Specified Currency shall be effected in euro at
such time as is required by, and otherwise in conformity with, legally
applicable measures adopted with reference to such country's entry into the
European Economic and Monetary Union. All
references herein or in any Pricing Supplement to "euro" or "€" shall
be to the
lawful currency of the member states of the European Union that adopt the single
currency in accordance with the treaty establishing the European Communities, as
amended.

All
determinations made by the Company or its agent shall be at such person's sole
discretion and shall, in the absence of manifest error, be conclusive for all
purposes and binding on the Company and all holders of Notes.

So
long as this Note or the Coupons shall be outstanding, the Company will cause to
be maintained an office or agency for the payment of the principal of and
premium, if any, and interest on this Note as herein provided in London,
England, [and in Luxembourg]5
and an office or agency in London for the transfer and exchange as aforesaid of
the Notes. The Company may designate other agencies for the payment of said
principal, premium and interest at such place or places outside the United
States (subject to applicable laws and regulations) as the Company may decide.
So long as there shall be any such agency, the Company shall keep the Fiscal and
Paying Agent advised of the names and locations of such agencies, if any are so
designated.

With
respect to moneys paid by the Company and held by the Fiscal and Paying Agent or
any Paying Agent for the payment of the principal of or interest or premium, if
any, on any Note that remain unclaimed at the end of three years after such
principal, interest or premium shall have become due and payable (whether at
maturity or upon call for redemption or otherwise), (i) the Fiscal and Paying
Agent or such Paying Agent shall notify the holders of such Notes that such
moneys shall be repaid to the Company and any person claiming such moneys shall
thereafter look only to the Company for payment thereof and (ii) such moneys
shall be so repaid to the Company. Upon such repayment all liability of the
Fiscal and Paying Agent or such Paying Agent with respect to such moneys shall
thereupon cease, without, however, limiting in any way any obligation that the
Company may have to pay the principal of or interest or premium, if any, on this
Note as the same shall become due.

No
provision of this Note or of the Fiscal Agency Agreement shall alter or impair
the obligation of the Company, which is absolute and unconditional, to pay the
principal of, premium, if any, and interest on this Note at the time, place, and
rate, and in the coin or currency, herein and in the Fiscal Agency Agreement
prescribed unless otherwise agreed between the Company and the holder of this
Note.

No
recourse shall be had for the payment of the principal of, or premium, if any,
or the interest on this Note, for any claim based hereon, or otherwise in
respect hereof, or based on or in respect of the Fiscal Agency Agreement or any
fiscal agency agreement supplemental thereto, against any incorporator,
shareholder, officer or director, as such, past, present or future, of the
Company or of any successor corporation, either directly or through the Company
or any successor corporation, whether by virtue of any constitution, statute or
rule of law or by the enforcement of any assessment or penalty or otherwise, all
such liability being, by the acceptance hereof and as part of the consideration
for the issue hereof, expressly waived and released.

This
Note and the Coupons shall for all purposes be governed by, and construed in
accordance with, the laws of the State of New York.

5.
 Include if Note is listed on Luxembourg Stock
Exchange.

12

As
used herein:

(a) the
term "Business Day" means, unless otherwise specified in the applicable Pricing
Supplement, any day other than a Saturday or Sunday or any other day on which
banking institutions are generally authorized or obligated by law or regulation
to close in (i) the Principal Financial Center of the country in which the
Company is incorporated; (ii) the Principal Financial Center of the country of
the currency in which the Notes are denominated (if the Note is denominated in a
Specified Currency other than the euro); (iii) the place at which payment on
such Note or coupon is to be made; or (iv) London, England; provided, however,
that with respect to Notes denominated in euro, such day is also a TARGET
Settlement Day. For purposes of this definition, the Principal Financial Center
of the United States is New York;

(b) the
term "Notices" refers to:

(1) notices
to holders of the Notes to be given by publication in one leading English
language daily newspaper with general circulation in London and, if the Series
of which this Note forms a part is listed on the Luxembourg Stock Exchange and
the rules of such exchange so require, in one leading daily newspaper with
general circulation in Luxembourg or, if publication in either London or
Luxembourg is not practical, such publication shall be made elsewhere in Western
Europe. Such publication is expected to be made in the Financial Times and (if
such Series is listed on the Luxembourg Stock Exchange) the Luxemburger Wort.
Such notices will be deemed to have been given on the date of such publication,
or if published in such newspapers on different dates, on the date of the first
such publication; and 

(2) notices
to holders of any Notes that are listed on the official segment of Euronext’s
Amsterdam stock market to be given by publication in a leading daily newspaper
in the English language of general circulation in Amsterdam and London and if
such Notes are listed on the official segment of Euronext’s Amsterdam stock
market and the rules of such exchange so require, also published in the Official
Price List ("Officiele Prijscourant"). If publication in London or Amsterdam, as
the case may be, is not practical, such publication shall be made elsewhere in
Western Europe. Such publication is expected to be made in the Financial Times
in London and the Het Financieele Dagblad in Amsterdam. Such notices will be
deemed to have been given on the date of such publication or if published in
such newspapers on different dates, on the date of the first such
publication;

(c) the
term "Principal Financial Center" means (i) the capital of the
country issuing the currency in which the Notes are denominated or (ii) the
capital city of the country to which the Designated LIBOR Currency relates, as
applicable, except, in the case of (i) or (ii) above, that with respect to the
following currencies, the "Principal Financial Center" will be as indicated
below: 

13

	
      Currency
	
      Principal
      Financial Center

	 	 
	
      United
      States Dollars
	
      The
      City of New York

	
      Australian
      Dollars
	
      Sydney
      and Melbourne

	
      Canadian
      Dollars
	
      Toronto

	
      New
      Zealand Dollars
	
      Auckland
      and Wellington

	
      Norwegian
      Krone
	
      Oslo

	
      South
      African Rand
	
      Johannesburg

	
      Swedish
      Krona
	
      Stockholm

	
      Swiss
      Francs
	
      Zurich

(d) the
term "TARGET
Settlement Day"
means any day on which the Trans-European Automated Real-Time Gross Settlement
Express Transfer (TARGET) System is open;

(e) the
term "United
States"
means the United States of America (including the States and the District of
Columbia), its territories, its possessions and other areas subject to its
jurisdiction;

(f) the
term "United
States Alien"
means a beneficial owner of a Note that is not, for United States federal income
tax purposes, (i) a citizen or resident of the United States, (ii) a
corporation, partnership or any other entity created or organized in or under
the laws of the United States or any political subdivision thereof, (iii) an
estate the income of which is subject to United States federal income taxation
regardless of its source or (iv) a trust if a court in the United States is able
to exercise primary supervision over the administration of the trust and one or
more United States persons have the authority to control all substantial
decisions of the trust, or if such trust has a valid election in effect under
applicable U.S. Treasury regulations to be treated as a United States person;
and 

(g) all
other terms used in this Note which are defined in the Fiscal Agency Agreement
and not otherwise defined herein shall have the meanings assigned to them in the
Fiscal Agency Agreement.

14

OPTION
TO ELECT REPAYMENT

The
undersigned hereby irrevocably request(s) the Issuer to repay the within Note
(or portion thereof specified below) pursuant to its terms at a price equal to
the principal amount thereof, together with interest to the Optional Repayment
Date, to the undersigned, at ____________
(Please
print or typewrite name and address of the undersigned).

If
less than the entire principal amount of the within Note is to be repaid,
specify the portion thereof (which shall be increments of 1,000 units of the
Specified Currency indicated on the face hereof) which the holder elects to have
repaid:  ;
and specify the denomination or denominations (which shall not be less than the
minimum authorized denomination) of the Notes to be issued to the holder for the
portion of the within Note not being repaid (in the absence of any such
specification, one such Note will be issued for the portion not being repaid):
_____________.

 

Date: 
________________

	 	
      NOTICE:
      The signature on this Option to Elect Repayment must correspond with the
      name as written upon the face of the within instrument in every particular
      without alteration or enlargement.

	
      
	
      

15

SCHEDULE
A

AMORTIZATION
SCHEDULE

[INSERT
IF APPLICABLE] / [NOT APPLICABLE]

EURO
MEDIUM-TERM NOTE

NO.
______

FORM
OF COUPON

ANY
UNITED STATES PERSON WHO HOLDS THIS OBLIGATION WILL BE SUBJECT TO LIMITATIONS
UNDER THE UNITED STATES INCOME TAX LAWS, INCLUDING THE LIMITATIONS PROVIDED IN
SECTIONS 165(j) AND 1287(a) OF THE INTERNAL REVENUE CODE.

GENERAL
ELECTRIC CAPITAL CORPORATION

EURO
MEDIUM-TERM NOTE

	
      Principal
      Amount:
	
      Coupon
      Number6
      ______

	 	
      [Interest
      Amount due in

	 	
      Specified
      Currency]

	 	
      Due
      __________________

Unless
the Note to which this Coupon appertains shall have been called for previous
redemption and payment thereof duly provided for, on the date set forth hereon,
GENERAL ELECTRIC CAPITAL CORPORATION (the "Company") will pay to bearer, upon
surrender hereof at such agencies in such places outside the United States as
the Company may determine from time to time (the "Paying Agents"), interest on
the principal amount of such Note as specified above (together with any
additional amounts in respect thereof which the Company may be required to pay
according to the terms of such Note), in such coin or currency as specified
above as at the time of payment shall be legal tender for the payment of public
and private debts. Payment on this Coupon shall be made, at the option of the
bearer hereof and subject to any applicable laws and regulations, by a check
mailed to an address outside the United States furnished by such bearer or by
wire transfer to an account maintained by the payee with a bank located outside
the United States.

	 	
      GENERAL
      ELECTRIC CAPITAL CORPORATION

	 	 
	 	 
	 	
      By:_________________________________

	 	
      Name:

	 	
      Title:

	 	 
	 	 
	
      [SEAL]
	 
	 	 
	
      Attest:
      By__________________________
	 
	
      Name:
	 
	
      Title:
	 

 

6.
The Coupon number, the interest amount due in the Specified Currency and due
date should appear in the right-hand section of the face of the
Coupon.

[Form
of Reverse of Coupon]

	Principal
      Paying Agent:

	 
	
      JPMorgan
      Chase Bank

	
      London
      Branch

	
      Trinity
      Tower

	
      9
      Thomas More Street

	
      London
      E1W 1YT, United Kingdom

	 
	 
	 
	 
	Paying
      Agents:

	 
	
      J.P.
      Morgan Bank

	
      Luxembourg
      S.A.

	
      5,
      Rue Plaetis

	
      L-2338
      Luxembourg

	
      Grand
      Duchy of Luxembourg

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