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    <p ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION<font SIZE="2"><br>
    </font></b><font SIZE="2">Washington, D.C. 20549</font></td>
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    <p ALIGN="CENTER">FORM 8-K<br>
    CURRENT REPORT</b></font></td>
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    <p ALIGN="CENTER">&nbsp;</font></td>
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    <p ALIGN="CENTER">Pursuant to Section 13 or 15(d) of<br>
    The Securities Exchange Act of 1934</font></td>
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    <p ALIGN="CENTER">Date of Report (Date of earliest event reported) March 30,
    2004</font></td>
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    <p ALIGN="CENTER">&nbsp;</font></td>
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    <p ALIGN="CENTER">GENERAL ELECTRIC CAPITAL CORPORATION</b></font></td>
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    <p ALIGN="CENTER">(Exact name of registrant as specified in its charter)</font></td>
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    <td WIDTH="39%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="2%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="19%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="2%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="38%" VALIGN="TOP">&nbsp;</td>
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    <p ALIGN="CENTER">Delaware</b></font></td>
    <td WIDTH="2%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="2"><b>
    <p ALIGN="CENTER">1-6461</b></font></td>
    <td WIDTH="2%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="38%" VALIGN="TOP"><font SIZE="2"><b>
    <p ALIGN="CENTER">13-1500700</b></font></td>
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    <td WIDTH="2%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="2">
    <p ALIGN="CENTER"></p>
    <hr size="1"></font></td>
    <td WIDTH="2%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="38%" VALIGN="TOP"><font SIZE="2">
    <p ALIGN="CENTER"></p>
    <hr size="1"></font></td>
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    <p ALIGN="CENTER">(State or other jurisdiction of incorporation)</font></td>
    <td WIDTH="2%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="1">
    <p ALIGN="CENTER">(Commission File Number)</font></td>
    <td WIDTH="2%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="38%" VALIGN="TOP"><font SIZE="1">
    <p ALIGN="CENTER">(IRS Employer Identification No.)</font></td>
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    <p ALIGN="CENTER">&nbsp;</font></td>
    <td WIDTH="2%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="19%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="2%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="38%" VALIGN="TOP">&nbsp;</td>
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    <p ALIGN="CENTER">&nbsp;</font></td>
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    <td WIDTH="19%" VALIGN="TOP">&nbsp;</td>
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    <p ALIGN="CENTER">260 Long Ridge Road, Stamford, Connecticut</b></font></td>
    <td WIDTH="2%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="19%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="2%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="38%" VALIGN="TOP"><font SIZE="2"><b>
    <p ALIGN="CENTER">06927-1600</b></font></td>
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    <td WIDTH="38%" VALIGN="TOP"><font SIZE="2">
    <p ALIGN="CENTER"></p>
    <hr size="1"></font></td>
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    <p ALIGN="CENTER">(Address of principal executive offices)</font></td>
    <td WIDTH="2%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="19%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="2%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="38%" VALIGN="TOP"><font SIZE="1">
    <p ALIGN="CENTER">(Zip Code)</font></td>
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    <p ALIGN="CENTER">&nbsp;</font></td>
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    <td WIDTH="38%" VALIGN="TOP">&nbsp;</td>
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    <p ALIGN="CENTER">&nbsp;</font></td>
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    <td WIDTH="38%" VALIGN="TOP">&nbsp;</td>
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    <p ALIGN="CENTER">Registrant's telephone number, including area code <u>
    (203) 357-4000</u></font></td>
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<p ALIGN="LEFT">&nbsp;</p>
<p ALIGN="center">(1)</p>
<hr Style="page-break-after: always">
<p>&nbsp;</p>
<p>&nbsp;</p>
<p><b>Item 5. Other Events</p>
<p></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, Statement of
Changes in Shareowner's Equity or Statement of Cash Flows of General Electric
Capital Corporation (GECC) and consolidated affiliates.</p>
<p ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As described in our Annual Report on Form 10-K for the year
ended December 31, 2003, filed with the SEC on March 2, 2004 and amended by
Amendment No. 1 on Form 10-K/A, which was filed with the SEC on March 5, 2004
(as amended, the &quot;2003 Form 10-K&quot;), we reorganized our businesses on January 1,
2004. As a result of reorganizing our businesses around markets and customers,
we reduced our number of reporting segments from 5 to 4. We believe this
simplified organization will help us achieve lower costs of operations in
platforms that will accommodate our future growth. Our 4 reporting segments as
of January 1, 2004 were as follows:</p>
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    <p ALIGN="LEFT">Commercial Finance &#150;</font></td>
    <td WIDTH="73%" VALIGN="TOP"><font SIZE="2">
    <p ALIGN="LEFT">the combination of Commercial Finance and the Fleet Services
    business that was previously part of Equipment Management</font></td>
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    <td WIDTH="27%" VALIGN="TOP"><font SIZE="2">
    <p ALIGN="LEFT">Consumer Finance &#150;</font></td>
    <td WIDTH="73%" VALIGN="TOP"><font SIZE="2">
    <p ALIGN="LEFT">remains unchanged</font></td>
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    <td WIDTH="27%" VALIGN="TOP"><font SIZE="2">
    <p ALIGN="LEFT">Equipment &amp; Other Services &#150;&nbsp;</font></td>
    <td WIDTH="73%" VALIGN="TOP"><font SIZE="2">
    <p ALIGN="LEFT">the combination of the Equipment Management (excluding Fleet
    Services) and the All Other GECS segments</font></td>
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    <td WIDTH="27%" VALIGN="TOP"><font SIZE="2">
    <p ALIGN="LEFT">Insurance &#150;</font></td>
    <td WIDTH="73%" VALIGN="TOP"><font SIZE="2">
    <p ALIGN="LEFT">remains unchanged </font></td>
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</center><font SIZE="2">
<p ALIGN="LEFT">More detailed business descriptions are presented in the
exhibits referred to below. </p>
<p ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As required by Statement of Financial Accounting Standards
No. 131, consolidated financial statements issued by GECC 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 this reorganization as it relates 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 changes. Exhibits 99(a)
reclassified and 99(b) set out the portions of the 2003 Form 10-K that are most
affected by these changes, while exhibit 99(c) sets out 2003 and 2002 unaudited
segment data by quarter. Exhibit 99(d) contains the complete Management's
Discussion and Analysis and consolidated financial statements from the 2003 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,
are our historical financial statements.</p>
<p ALIGN="center">(2)</p>
<hr Style="page-break-after: always">
<p>&nbsp;</p>
<p>&nbsp;</p>
<b>
<p ALIGN="LEFT">Item 7. Financial Statements and Exhibits:</p>
</b>
<p ALIGN="LEFT">23&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consent of KPMG LLP.</p>
<p ALIGN="LEFT">99(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Description of new Business segments reflecting the
January 1, 2004, organizational changes.</p>
<p ALIGN="LEFT">99(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain sections of Management's Discussion and
Analysis of Results of Operations of the 2003 Form 10-K, and notes 5, 6, 9 and
18, of the audited consolidated financial statements of GECC for the fiscal year
ended December 31, 2003, all conformed to reflect the January 1, 2004,
organizational changes.</p>
<p ALIGN="LEFT">99(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unaudited operating segment results for 2003 and 2002
by quarter conformed to reflect the January 1, 2004, organizational changes.</p>
<p ALIGN="LEFT">99(d) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Management's Discussion and Analysis of the 2003 Form
10-K, and audited consolidated financial statements of GECC for the fiscal year
ended December 31, 2003, both conformed to reflect the January 1, 2004,
organizational changes. Also included is the independent auditors' report dated
February 6, 2004, except for notes 5, 6, 9 and 18, as to which the date is March
29, 2004.</p>
<p ALIGN="center">(3)</p>
<hr Style="page-break-after: always">
<p>&nbsp;</p>
<p>&nbsp;</p>
<b>
<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>
<p ALIGN="LEFT"></p>
</font><center>
<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="625">
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    <td WIDTH="47%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="53%" VALIGN="TOP"><font SIZE="2">
    <p ALIGN="LEFT">GENERAL ELECTRIC CAPITAL CORPORATION</font></td>
  </tr>
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    <td WIDTH="47%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="53%" VALIGN="TOP"><font SIZE="2">
    <p ALIGN="LEFT">&nbsp;</font></td>
  </tr>
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    <td WIDTH="47%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="53%" VALIGN="TOP"><font SIZE="2">
    <p ALIGN="LEFT">&nbsp;</font></td>
  </tr>
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    <td WIDTH="47%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="53%" VALIGN="TOP"><font SIZE="2">
    <p ALIGN="LEFT">&nbsp;</font></td>
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    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
    <p ALIGN="RIGHT">By:&nbsp;&nbsp;</font></td>
    <td WIDTH="53%" VALIGN="TOP"><font SIZE="2">
    <p ALIGN="LEFT">/s/&nbsp;Philip D. Ameen</font></td>
  </tr>
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    <td WIDTH="47%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="53%" VALIGN="TOP"><font SIZE="2">
    <p ALIGN="CENTER"></p>
    <hr size="1"></font></td>
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    <td WIDTH="47%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="53%" VALIGN="TOP"><font SIZE="2">
    <p ALIGN="LEFT">Philip D. Ameen<br>
    Senior Vice President and Controller</p>
    <p ALIGN="LEFT">(Duly Authorized Officer and Principal Accounting Officer)</font></td>
  </tr>
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    <td WIDTH="47%" VALIGN="TOP"><font SIZE="2">
    <p ALIGN="LEFT">Date: March 30, 2004</font></td>
    <td WIDTH="53%" VALIGN="TOP">&nbsp;</td>
  </tr>
</table>
</center><font SIZE="2">
<p ALIGN="LEFT"></p>
<p ALIGN="center">(4)</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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SECURITIES AND EXCHANGE COMMISSION Washington
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) March 30,
    2004
GENERAL ELECTRIC CAPITAL CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
1-6461
13-1500700
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
260 Long Ridge Road, Stamford, Connecticut
06927-1600
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code
(203) 357-4000
(1)
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, Statement of
Changes in Shareowner's Equity or Statement of Cash Flows of General Electric
Capital Corporation (GECC) and consolidated affiliates.
As described in our Annual Report on Form 10-K for the year
ended December 31, 2003, filed with the SEC on March 2, 2004 and amended by
Amendment No. 1 on Form 10-K/A, which was filed with the SEC on March 5, 2004
(as amended, the "2003 Form 10-K"), we reorganized our businesses on January 1,
2004. As a result of reorganizing our businesses around markets and customers,
we reduced our number of reporting segments from 5 to 4. We believe this
simplified organization will help us achieve lower costs of operations in
platforms that will accommodate our future growth. Our 4 reporting segments as
of January 1, 2004 were as follows:
Commercial Finance –
the combination of Commercial Finance and the Fleet Services
    business that was previously part of Equipment Management
Consumer Finance –
remains unchanged
Equipment & Other Services –
the combination of the Equipment Management (excluding Fleet
    Services) and the All Other GECS segments
Insurance –
remains unchanged
More detailed business descriptions are presented in the
exhibits referred to below.
As required by Statement of Financial Accounting Standards
No. 131, consolidated financial statements issued by GECC 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 this reorganization as it relates to
prior periods.
The attached exhibits provide two views of the
reclassifications resulting from the organizational changes. Exhibits 99(a)
reclassified and 99(b) set out the portions of the 2003 Form 10-K that are most
affected by these changes, while exhibit 99(c) sets out 2003 and 2002 unaudited
segment data by quarter. Exhibit 99(d) contains the complete Management's
Discussion and Analysis and consolidated financial statements from the 2003 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,
are our historical financial statements.
(2)
Item 7. Financial Statements and Exhibits:
23     Consent of KPMG LLP.
99(a)     Description of new Business segments reflecting the
January 1, 2004, organizational changes.
99(b)      Certain sections of Management's Discussion and
Analysis of Results of Operations of the 2003 Form 10-K, and notes 5, 6, 9 and
18, of the audited consolidated financial statements of GECC for the fiscal year
ended December 31, 2003, all conformed to reflect the January 1, 2004,
organizational changes.
99(c)     Unaudited operating segment results for 2003 and 2002
by quarter conformed to reflect the January 1, 2004, organizational changes.
99(d)      Management's Discussion and Analysis of the 2003 Form
10-K, and audited consolidated financial statements of GECC for the fiscal year
ended December 31, 2003, both conformed to reflect the January 1, 2004,
organizational changes. Also included is the independent auditors' report dated
February 6, 2004, except for notes 5, 6, 9 and 18, as to which the date is March
29, 2004.
(3)
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 CAPITAL CORPORATION
By:
/s/ Philip D. Ameen
Philip D. Ameen
Senior Vice President and Controller
(Duly Authorized Officer and Principal Accounting Officer)
Date: March 30, 2004
(4)