General Electric (GE) 10-Q 2002 Q1 Quarterly report

	Exhibit 12
General Electric Company Ratio of Earnings to Fixed Charges
(Dollars in millions)	Three months ended  March 31, 2002
GE except GECS
Earnings (a)

$   4,634 Less: Equity in undistributed earnings of General Electric  Capital Services, Inc. (b)(1,126)Plus: Interest and other financial  charges included in expense 157  One-third of rental expense (c)58   Adjusted "earnings" $   3,723   Fixed Charges:  Interest and other financial charges 157  Interest capitalized 3  One-third of rental expense (c)58   Total fixed charges $     218   Ratio of earnings to fixed charges 17.08   General Electric Company and consolidated affiliatesEarnings (a)$   5,083 Plus: Interest and other financial charges  included in expense 2,407  One-third of rental expense (c)135   Adjusted "earnings" $   7,625   Fixed Charges:  Interest and other financial charges $   2,407  Interest capitalized 13  One-third of rental expense (c)135   Total fixed charges $ 2,555   Ratio of earnings to fixed charges 2.98   (a) Earnings before income taxes, minority interest and cumulative effect of changes in accounting principle.
(b) Earnings after income taxes, net of dividends, and before cumulative effect of changes in accounting principle.
(c) Considered to be representative of interest factor in rental expense