EXHIBIT 12 GENERAL ELECTRIC COMPANY RATIO OF EARNINGS TO FIXED CHARGES (Dollars in millions) Three months ended March 31, 1997 ------------------- GE except GECS "Earnings" <F1> $2,257 Less: Equity in undistributed earnings of General Electric Capital Services, Inc. <F2> (454) Plus: Interest and other financial charges included in expense 158 One-third of rental expense <F3> 43 ------ Adjusted "earnings" $2,004 ====== Fixed Charges: Interest and other financial charges $158 Interest capitalized 6 One-third of rental expense <F3> 43 ------ Total fixed charges $207 ------ Ratio of earnings to fixed charges 9.68 ====== General Electric Company and consolidated affiliates "Earnings" <F1> $2,614 Plus: Interest and other financial charges included in expense 1,945 One-third of rental expense <F3> 92 ------ Adjusted "earnings" $4,651 ====== Fixed Charges: Interest and other financial charges $1,945 Interest capitalized 18 One-third of rental expense <F3> 92 ------ Total fixed charges $2,055 ====== Ratio of earnings to fixed charges 2.26 ====== <FN> <F1> Earnings before income taxes and minority interest. <F2> Earnings after income taxes, net of dividends. <F3> Considered to be representative of interest factor in rental expense.