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<TITLE>Form 8-K</TITLE>
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<B>
<P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT SIZE="2">
Washington, D.C. 20549</FONT></P>
<P ALIGN="CENTER"><FONT SIZE="5">FORM 8-K</FONT></P>
<P ALIGN="CENTER">CURRENT REPORT</P>
<P ALIGN="CENTER">Pursuant to Section 13 or 15(d) of&nbsp;<BR>
The Securities Exchange Act of 1934</P>
<P ALIGN="CENTER">Date of Report (Date of earliest event reported) April 10, 2003</P>
<P ALIGN="CENTER">GENERAL ELECTRIC COMPANY<BR>
(Exact name of registrant as specified in its charter)</P>
<FONT SIZE="2">
</FONT></B>
<P ALIGN="CENTER"><CENTER>
<CENTER>
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0"  CELLPADDING="1">
  <TR>
    <TD width="33%" VALIGN="TOP" NOWRAP><B>
      <P ALIGN="CENTER">New York</B></TD>
    <TD VALIGN="TOP" NOWRAP><B>
      <P ALIGN="CENTER">1-35</B></TD>
    <TD width="33%" VALIGN="TOP" NOWRAP><B>
      <P ALIGN="CENTER">14-0689340</B></TD>
  </TR>
  <TR>
    <TD width="33%" VALIGN="TOP" NOWRAP><B>
      <P ALIGN="CENTER"><FONT SIZE="2">(State or other jurisdiction of incorporation)</FONT></B></TD>
    <TD VALIGN="TOP" NOWRAP><B>
      <P ALIGN="CENTER"><FONT SIZE="2">(Commission File Number)</FONT></B></TD>
    <TD width="33%" VALIGN="TOP" NOWRAP><B>
      <P ALIGN="CENTER"><FONT SIZE="2">(IRS Employer Identification No.)</FONT></B></TD>
  </TR>
</TABLE>
</CENTER>
</CENTER><B><FONT SIZE="2">
</FONT></B>
<CENTER>
<P>&nbsp;</P>
<DIV ALIGN="center">
  <CENTER>
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0"  CELLPADDING="1">
  <TR>
    <TD VALIGN="TOP" NOWRAP><B>
      <P ALIGN="CENTER">3135 Easton Turnpike, Fairfield, Connecticut</B></TD>
    <TD width="50%" VALIGN="TOP" NOWRAP><B>
      <P ALIGN="CENTER">06828-0001</B></TD>
  </TR>
  <TR>
    <TD VALIGN="TOP" NOWRAP><B>
      <P ALIGN="CENTER"><FONT SIZE="2">(Address of principal executive offices)</FONT></B></TD>
    <TD width="50%" VALIGN="TOP" NOWRAP><B>
      <P ALIGN="CENTER"><FONT SIZE="2">(Zip Code)</FONT></B></TD>
  </TR>
</TABLE>
  </CENTER>
</DIV>
</CENTER>
<B><FONT SIZE="2">
</FONT>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">Registrant's telephone number, including area code <U>(203)
373-2211</P>
</U></B><FONT SIZE="2">
<P ALIGN="LEFT">&nbsp;</P>
</FONT><B>
<HR>
<P ALIGN="LEFT">Item 5. Other Events</P>
</B>
<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information included in this
Form 8-K affects only disclosures related to segment results, and does not in
any way restate or revise the financial position, results of operations or cash
flows in any reported Statement of Financial Position, Statement of Earnings or
Statement of Cash Flows of General Electric Company (&quot;GE&quot;) and
consolidated affiliates, or the consolidating financial statements of GE or GE
Capital Services, Inc. (&quot;GE Capital&quot;).</P>
<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GE Capital historically has issued
about $8 of debt for each $1 of equity -- a &quot;leverage ratio&quot; of 8:1.
For purposes of measuring segment profit, each of our financial services
businesses was also assigned debt and interest costs on the basis of that
consolidated 8:1
leverage ratio. In evaluating expected returns on potential investments,
however, we also used businesses-specific, market-based leverage ratios. As
disclosed in our 2002 Annual Report on Form 10-K, as of January 1, 2003, we
extended the business-specific, market-based leverage to the performance
measurement of each of our financial services businesses and, consequently, to
the definition of segment profit. As a result, at January 1, 2003, debt of
$12.5 billion previously allocated to the financial services segments was
allocated to the All Other GECS segment. At the same time, we revised our
historical techniques for allocating shared costs and unusual items to financial
services businesses. In addition, certain operations were aligned to other
businesses to conform to our management of such businesses. The most significant
of these alignments was the transfer of a portion of the IT Solutions business
previously reported in the All Other GECS segment to Vendor Financial Services
within the Commercial Finance segment. In this Form 8-K, we disclose the effect
of the releveraging of the financial services businesses, and the other changes
discussed above, on the performance of businesses units within each of the
financial services reporting segments.</P>
<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, as a result of changes in the way that senior
management evaluates and operates the company's industrial businesses, we have
increased the number of reportable segments from twelve to fourteen.
Specifically, Plastics and Specialty Materials will no longer be aggregated into
a Materials segment and Transportation Systems will be disaggregated from
Industrial Products and Services. Also as a result of the sale of 90% of Global
eXchange Services (GXS) in 2002, the Technical Products and Services segment is
currently composed solely of Medical Systems. Prior period results of GXS will
be presented as part of Corporate items for greater comparability of Medical
Systems' results.</P>
<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As required by Statement of
Financial Accounting Standards (SFAS) No. 131, consolidated financial statements
issued by GE in the future will reflect modifications to our reportable segments
resulting from these organizational changes, including reclassification of all
comparative prior period segment information. Accordingly, in this Form 8-K, we
are providing the required reclassified information about these reorganizations
as they related to prior periods.</P>
<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The attached exhibits provide two views of the reclassifications
resulting from the organizational and measurement changes. Exhibits 99(a) and
99(b) set out the portions of GE's 2002 Form 10-K that are affected by these
changes. Exhibit 99(c) sets out 2002 unaudited financial services segment data
by quarter, including the effect of the financial services releveraging on the
performance of business units within each segment. Exhibit 99(d) contains the
complete set of consolidated financial statements from GE's 2002 Form 10-K for
which the segment information has been reclassified to conform to the new
segment presentation. These financial statements, conformed for the changes,
will become our historical financial statements.</P>
<B>
<P ALIGN="LEFT">Exhibits:</P>
<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0">
  <TR>
    <TD VALIGN="top" NOWRAP>99(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD VALIGN="top">
      <P ALIGN="LEFT">Description of Business under Item 1 of GE's Annual Report
      on Form 10-K for the fiscal year ended December 31, 2002, conformed to
      reflect organizational changes.</TD>
  </TR>
  <TR>
    <TD VALIGN="top" NOWRAP>&nbsp;</TD>
    <FONT SIZE="2">
    <TD VALIGN="top"></TD>
    </TR>
  </FONT>
  <TR>
    <TD VALIGN="top" NOWRAP>99(b)&nbsp;</TD>
    <TD VALIGN="top">
      <P ALIGN="LEFT">Management's Discussion and Analysis of Results of
      Operations under Item 7 of GE's Annual Report on Form 10-K for the fiscal
      year ended December 31, 2002, and notes 10, 16 and 27, conformed to
      reflect the organizational changes and the segment performance measurement
      changes (pages 5-42, 70, 79-80, 98-99 and 110-111).</TD>
  </TR>
  <TR>
    <TD VALIGN="top" NOWRAP>&nbsp;</TD>
    <FONT SIZE="2">
    <TD VALIGN="top"></TD>
    </TR>
  </FONT>
  <TR>
    <TD VALIGN="top" NOWRAP>99(c)</TD>
    <TD VALIGN="top">
      <P ALIGN="LEFT">Financial services 2002 unaudited operating segment
      results by quarter.</TD>
  </TR>
  <TR>
    <TD VALIGN="top" NOWRAP>&nbsp;</TD>
    <FONT SIZE="2">
    <TD VALIGN="top"></TD>
    </TR>
  </FONT>
  <TR>
    <TD VALIGN="top" NOWRAP>99(d)&nbsp;</TD>
    <TD VALIGN="top">
      <P ALIGN="LEFT">Audited consolidated financial statements of GE for the
      fiscal year ended December 31, 2002, conformed to reflect the
      organizational changes and the segment performance measurement changes.
      Also included is the independent auditors' report dated February 7, 2003,
      except as to notes 10,&nbsp; 16 and 27, which are as of April 10, 2003.</TD>
  </TR>
  <TR>
    <TD VALIGN="top" NOWRAP>&nbsp;</TD>
    <FONT SIZE="2">
    <TD VALIGN="top"></TD>
    </TR>
  </FONT>
  <TR>
    <TD VALIGN="top" NOWRAP>99(e)</TD>
    <TD VALIGN="top">
      <P ALIGN="LEFT">Consent of KPMG LLP.</TD>
  </TR>
</TABLE>
<FONT SIZE="2">
<BLOCKQUOTE>
  <BLOCKQUOTE>
    <P ALIGN="LEFT">&nbsp;</P>
  </BLOCKQUOTE>
</BLOCKQUOTE>
</FONT>
</B>
<B>
  <HR>
<P ALIGN="CENTER">Signature</P>
</B>
<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned thereunto duly authorized.</P>
<DIV ALIGN="center">
  <CENTER>
  <TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0">
    <TR>
      <TD NOWRAP VALIGN="bottom" COLSPAN="2">GENERAL ELECTRIC COMPANY</TD>
    </TR>
    <TR>
      <TD NOWRAP VALIGN="bottom">By:&nbsp;</TD>
      <TD NOWRAP VALIGN="bottom">
                        <P ALIGN="LEFT">&nbsp;</P>
                        <FONT SIZE="2">
                        <P ALIGN="LEFT">&nbsp;</P>
                        </FONT>
        <P ALIGN="LEFT">/s/
                        Philip D. Ameen</P>
      </TD>
    </TR>
    <TR>
      <TD NOWRAP VALIGN="bottom"></TD>
      <TD NOWRAP VALIGN="bottom">
        <HR ALIGN="left" WIDTH="300" NOSHADE SIZE="1">
      </TD>
    </TR>
    <TR>
      <TD NOWRAP VALIGN="bottom"></TD>
      <TD NOWRAP VALIGN="bottom">Philip D.
                        Ameen<BR>
        Vice President and
                        Comptroller</TD>
    </TR>
  </TABLE>
  </CENTER>
</DIV>
<P ALIGN="LEFT">&nbsp;Date: April 10, 2003</P>

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</HTML>
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Form 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 10, 2003
GENERAL ELECTRIC COMPANY
(Exact name of registrant as specified in its charter)
New York
1-35
14-0689340
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
3135 Easton Turnpike, Fairfield, Connecticut
06828-0001
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code
(203)
373-2211
Item 5. Other Events
The information included in this
Form 8-K affects only disclosures related to segment results, and does not in
any way restate or revise the financial position, results of operations or cash
flows in any reported Statement of Financial Position, Statement of Earnings or
Statement of Cash Flows of General Electric Company ("GE") and
consolidated affiliates, or the consolidating financial statements of GE or GE
Capital Services, Inc. ("GE Capital").
GE Capital historically has issued
about $8 of debt for each $1 of equity -- a "leverage ratio" of 8:1.
For purposes of measuring segment profit, each of our financial services
businesses was also assigned debt and interest costs on the basis of that
consolidated 8:1
leverage ratio. In evaluating expected returns on potential investments,
however, we also used businesses-specific, market-based leverage ratios. As
disclosed in our 2002 Annual Report on Form 10-K, as of January 1, 2003, we
extended the business-specific, market-based leverage to the performance
measurement of each of our financial services businesses and, consequently, to
the definition of segment profit. As a result, at January 1, 2003, debt of
$12.5 billion previously allocated to the financial services segments was
allocated to the All Other GECS segment. At the same time, we revised our
historical techniques for allocating shared costs and unusual items to financial
services businesses. In addition, certain operations were aligned to other
businesses to conform to our management of such businesses. The most significant
of these alignments was the transfer of a portion of the IT Solutions business
previously reported in the All Other GECS segment to Vendor Financial Services
within the Commercial Finance segment. In this Form 8-K, we disclose the effect
of the releveraging of the financial services businesses, and the other changes
discussed above, on the performance of businesses units within each of the
financial services reporting segments.
In addition, as a result of changes in the way that senior
management evaluates and operates the company's industrial businesses, we have
increased the number of reportable segments from twelve to fourteen.
Specifically, Plastics and Specialty Materials will no longer be aggregated into
a Materials segment and Transportation Systems will be disaggregated from
Industrial Products and Services. Also as a result of the sale of 90% of Global
eXchange Services (GXS) in 2002, the Technical Products and Services segment is
currently composed solely of Medical Systems. Prior period results of GXS will
be presented as part of Corporate items for greater comparability of Medical
Systems' results.
As required by Statement of
Financial Accounting Standards (SFAS) No. 131, consolidated financial statements
issued by GE in the future will reflect modifications to our reportable segments
resulting from these organizational changes, including reclassification of all
comparative prior period segment information. Accordingly, in this Form 8-K, we
are providing the required reclassified information about these reorganizations
as they related to prior periods.
The attached exhibits provide two views of the reclassifications
resulting from the organizational and measurement changes. Exhibits 99(a) and
99(b) set out the portions of GE's 2002 Form 10-K that are affected by these
changes. Exhibit 99(c) sets out 2002 unaudited financial services segment data
by quarter, including the effect of the financial services releveraging on the
performance of business units within each segment. Exhibit 99(d) contains the
complete set of consolidated financial statements from GE's 2002 Form 10-K for
which the segment information has been reclassified to conform to the new
segment presentation. These financial statements, conformed for the changes,
will become our historical financial statements.
Exhibits:
99(a)
Description of Business under Item 1 of GE's Annual Report
      on Form 10-K for the fiscal year ended December 31, 2002, conformed to
      reflect organizational changes.
99(b)
Management's Discussion and Analysis of Results of
      Operations under Item 7 of GE's Annual Report on Form 10-K for the fiscal
      year ended December 31, 2002, and notes 10, 16 and 27, conformed to
      reflect the organizational changes and the segment performance measurement
      changes (pages 5-42, 70, 79-80, 98-99 and 110-111).
99(c)
Financial services 2002 unaudited operating segment
      results by quarter.
99(d)
Audited consolidated financial statements of GE for the
      fiscal year ended December 31, 2002, conformed to reflect the
      organizational changes and the segment performance measurement changes.
      Also included is the independent auditors' report dated February 7, 2003,
      except as to notes 10,  16 and 27, which are as of April 10, 2003.
99(e)
Consent of KPMG LLP.
Signature
Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned thereunto duly authorized.
GENERAL ELECTRIC COMPANY
By:
/s/
                        Philip D. Ameen
Philip D.
                        Ameen
Vice President and
                        Comptroller
Date: April 10, 2003