Final Results

General Electric Company
17 January 2001


General Electric Company

GE Reports Record Results
2000 EPS $1.27, Up 19%
2000 Revenues Grow 16% to $130 Billion
Earnings Up 19% to $12.7 Billion

Fairfield, Conn. -- January 17, 2001-- GE achieved record revenues, earnings
and cash generation in 2000, Chairman John F. Welch reported today.

'GE's double-digit increases in 2000 again demonstrate the benefits of the
Company's continuing emphasis on globalization, growth in services, Six Sigma
quality and e-Business.'

Highlights of the Company's preliminary 2000 results include:

Revenues rose 16% to a record $129.9 billion, reflecting continued growth from
global activities and product services.

Earnings per share increased 19% to $1.27, up from last year's $1.07, and
earnings increased 19% to a record $12.7 billion.

GE's total year ongoing operating margin was a record 18.9% of sales, up from
last year's comparable 17.8%.  The growth in margin reflects the increasing
benefits from GE's focus on product services, Six Sigma quality and e-Business
initiatives.

GE's industrial businesses achieved revenue growth of 14% over 1999. Operating
profit for five of GE's seven segments increased by double digits -- led by
Power Systems, Plastics, Medical Systems, and Aircraft Engines.

GE Capital Services' earnings for 2000 were $5.192 billion, 17% above last
year's $4.443 billion.  These record results reflect the globalization and
diversity of GE Capital's businesses with strong double-digit increases in its
Consumer Services, Specialized Financing, Equipment Management, and Mid-Market
Financing segments.

Cash generated from GE's operating activities for 2000 was a record $15.4
billion, up 31% from last year's $11.8 billion.  After the Honeywell
shareowner approval of the proposed Honeywell merger, GE last week resumed and
accelerated the purchase of its shares as part of the $22 billion share
repurchase program under which GE has purchased a cumulative $17.4 billion --
950.5 million shares -- since December 1994.

Fourth-quarter earnings per share increased 16% to $.36, up from last year's
$.31, and earnings increased 16% to $3.585 billion, both records for the
quarter. Revenues in the fourth quarter were a record $35.0 billion, 6% higher
than last year's $32.9 billion.

GE continued to use the Internet to revitalize the Company.  Online sales
exceeded $7 billion with a fourth quarter running rate of $11 billion, up from
less than $1 billion in 1999. GE conducted $6.4 billion in online auctions in
2000, providing annualized savings of $480 million.  GE initiated digitization
that will generate more than $1.5 billion of operating margin benefit in 2001.

At its December meeting, the GE Board of Directors increased the Company's
quarterly dividend by 17% to $.16 per share, the 25th consecutive year of
increased dividends by GE.

Highlights of recent activities include:

Honeywell shareowners overwhelmingly approved (99% of those who voted) the
proposed merger between GE and Honeywell.  The vast majority of Honeywell
revenues are a complementary fit with GE's Aircraft Engine, Industrial Systems
and Plastics businesses.  The acquisition planning continues on track with
over $2.5 billion of synergies identified.  GE is working closely with
regulatory agencies to close the proposed deal as soon as possible.

Strong demand for GE Power Systems' (GEPS) new power generation equipment in
the U.S. market continued to drive orders to record levels - $7.2 billion in
the fourth quarter of 2000 and $23.6 billion for 2000. Major orders announced
in the quarter include 23 gas turbines and seven large steam turbines from New
Jersey based PSEG Power, as well as 48 gas turbines and eight large steam
turbines from Southern Energy Incorporated.  Power Systems closed 46 new long-
term service agreements during 2000 bringing the total value of such long-term
commitments to more than $16 billion.  In 2000 GEPS generated $1.165 billion
in parts orders using PartsEdge.com on-line ordering, completed $1.5 billion
purchases of goods and services through on-line auctions, and grew on-line
Outage Optimizer orders to $410 million.

GE Aircraft Engines (GEAE) won more than $1 billion of equipment orders in the
fourth quarter, continuing its share of more than 50 percent of the world's
airline jet engine orders.  Significant wins included Alitalia, Air Canada,
and Atlas.  The GE90 engine has become the best selling engine in the Boeing
777 family with orders since inception valued at more than $6.5 billion.  The
growth in regional jets, the fastest growing sector of commercial aviation,
continued in the fourth quarter driving GE orders for 2000 to more than $1
billion.  More than 360 airline customers are now linked to GEAE's internet-
based Customer Web Center.

NBC continued to attract the key demographic, adults 18 to 49, winning the
first three months of the 2000/01 season with seven of the top ten shows.  NBC
also won the November sweeps in households and key demographics and was the
only network to grow ratings over the 1999 sweeps.  Today Show, Meet the Press
and Nightly News finished the year No.1 as they have for several years.  Today
Show was extended to 3 hours in October, growing ratings 65% above previous
programming.  NBC continued to win late night ratings with the Tonight Show
with Jay Leno and Late Night, both finishing the year a strong No.1. MSNBC
enjoyed tremendous ratings during the election period and CNBC grew pre-tax
profit more than 40% in 2000.

GE Medical Systems (GEMS) products and services showed continued strong
momentum with orders up 19% in the quarter.  X-Ray orders, led by new digital
x-ray systems, increased 41%; PET orders were up 127%. GEMS accelerated
customer productivity using the Internet as more than $10 million of software
was downloaded by GEMS customers through the new e-Flex-trial offering in the
fourth quarter.  GEMS also closed eight acquisitions in the quarter including
Sopha Medical Vision, a leader in Nuclear Imaging technology, and Critikon, a
leader in-patient monitoring devices.

At GE Capital Services, the UBS acquisition of PaineWebber, Inc. resulted in a
pre-tax gain of $1.3 billion during 2000.  This gain was more than offset by
one-time charges, including costs of the Montgomery Wards bankruptcy filing,
costs of restructuring the Information Technology Services operations, and
losses associated with disposition of the mortgage services business.  During
the fourth quarter, Commercial Finance purchased a $627 million loan portfolio
from First Source Financial.  Japan Leasing acquired Fukugin Leasing Company
stock providing a partnership with a leading regional bank.  Vendor Financial
Services provided $435 million of secured financing to Xerox.  Penske Truck
Leasing acquired Comcar Leasing.  GE Americom successfully launched two new
satellites.  Aviation Services expanded its simulator training business
through agreements with British Midland, Embraer and Britannia Airways.

GE Plastics exceeded $1.5 billion in on-line sales in 2000 with the launch of
GEPolymerland.com, a global portal to the plastics industry.  In the fourth
quarter, GE Plastics completed its acquisition of Commercial Plastics and
Supply, a global distributor.

Mr. Welch concluded:  ' GE employees around the globe have once again
delivered record results in 2000.  We have built a Company with a business mix
and operating system that will allow us to deliver record results in any
foreseeable economic climate.  We have just completed a very successful
management transition and I've never been more confident about the Company's
future.  The strength of our long-cycle businesses combined with our ongoing
initiatives - globalization, Six Sigma, product services and e-business - and
our new leadership give us enormous confidence that 2001 will be another
record year of double-digit earnings increases. '

GE (NYSE: GE) is a diversified services, technology and manufacturing company
with a commitment to achieving customer success and worldwide leadership in
each of its businesses.  For more information, visit the company's Web site at
http://www.ge.com.

Caution Concerning Forward-Looking Statements

This document includes certain 'forward-looking statements' within the meaning
of the Private Securities Litigation Reform Act of 1995.  These statements are
based on management's current expectations and are subject to uncertainty and
changes in circumstances.  Actual results may differ materially from these
expectations due to changes in global economic, business, competitive market
and regulatory factors.  More detailed information about those factors is
contained in GE's filings with the Securities and Exchange Commission.

GENERAL ELECTRIC COMPANY
All amounts except per-share earnings are in millions of U.S. dollars.

Fourth Quarter
                                          2000             1999        V%
                                             $                $         $

Revenues                                34,981           32,855         6
Earnings                                 3,585            3,089        16
                                                                         
Per-Share Earnings                                                       
- diluted                                 0.36             0.31        16
- basic                                   0.36             0.31        16
                                                                         
Segment Information                       2000             1999        V%     
                                             $                $         $     
Revenues                                                                 
Aircraft Engines                         3,009            3,003         -
Appliances                               1,436            1,545       (7)
NBC                                      1,553            1,752      (11)
Industrial Products and                  3,249            3,329       (2)
Systems
Plastics                                 1,931            1,895         2
Power Systems                            4,392            3,592        22
Technical Products and                   2,359            2,142        10
Services
GE Capital Services                     17,582           15,986        10
                                                                         
Segment profit                                                           
Aircraft Engines                           683              577        18
Appliances                                 181              180         1
NBC                                        476              433        10
Industrial Products and                    573              671      (15)
Systems
Plastics                                   480              396        21
Power Systems                              934              649        44
Technical Products and                     526              447        18
Services
GE Capital Services net                  1,227            1,057        16
earnings
                                                                        

Twelve Months Ended 31 December 2000                                          
                                            2000           1999         V%
                                              $              $          $

Revenues                                129,853        111,630         16
Earnings                                 12,735         10,717         19
                                                                         
Per-Share Earnings                                                       
- diluted                                  1.27           1.07         19
- basic                                    1.29           1.09         18
                                                                         
Segment Information                        2000           1999         V%
                                              $              $          $
Revenues                                                                 
Aircraft Engines                         10,779         10,730          -
Appliances                                5,887          5,671          4
NBC                                       6,797          5,790         17
Industrial Products and                  11,848         11,555          3
Systems
Plastics                                  7,776          6,941         12
Power Systems                            14,861         10,099         47
Technical Products and                    7,915          6,863         15
Services
GE Capital Services                      66,177         55,749         19
                                                                         
Segment profit                                                           
Aircraft Engines                          2,464          2,104         17
Appliances                                  684            655          4
NBC                                       1,797          1,576         14
Industrial Products and                   2,187          2,095          4
Systems
Plastics                                  1,923          1,651         16
Power Systems                             2,809          1,753         60
Technical Products and                    1,718          1,359         26
Services
GE Capital Services net                   5,192          4,443         17
earnings
                                                                         

General Electric Company
Condensed Statement of Earnings

                                                       Consolidated
Fourth quarter ended December 31      
                                                  2000               1999
                                                     $                  $
Revenues                                                                 
Sales of goods and services                     19,746             19,333
Earnings of GECS                                     -                  -
GECS revenues from services                     15,118             13,120
Other income                                       117                402
Total revenues                                  34,981             32,855
                                                                         
Costs and expenses                                                       
                                                                         
Cost of sales, operating and                    22,261             21,868
administrative expenses
Interest and other financial charges             3,064              2,891
Insurance losses and policyholder and            3,886              2,940
annuity benefits
Provision for losses on financing                  640                630
receivables
Minority interest in net earnings of               122                111
consolidated affiliates
Total costs and expenses                        29,973             28,440
                                                                         
Earnings before income taxes                     5,008              4,415
Provision for income taxes                     (1,423)            (1,326)
                                                                         
Net earnings                                     3,585              3,089
                                                                         
Per share amounts (in dollars)                    0.36               0.31
Diluted earnings per share                        0.36               0.31
                                                                         
Basic earnings per share                                                 
Dividends declared per share (in                  0.16               0.13
dollars)
                                                           

                                                            GE                
Fourth quarter ended December 31    
                                                  2000               1999
                                                     $                  $
Revenues                                                                 
Sales of goods and services                     17,445             16,655
Earnings of GECS                                 1,227              1,057
GECS revenues from services                          -                  -
Other income                                       127                418
Total revenues                                  18,799             18,130
                                                                         
Costs and expenses                                                       
                                                                         
Cost of sales, operating and                    13,988             13,876
administrative expenses
Interest and other financial charges               150                215
Insurance losses and policyholder and                -                  -
annuity benefits
Provision for losses on financing                    -                  -
receivables
Minority interest in net earnings of                67                 57
consolidated affiliates
Total costs and expenses                        14,205             14,148
                                                                         
Earnings before income taxes                     4,594              3,982
Provision for income taxes                     (1,009)              (893)
                                                                         
Net earnings                                     3,585              3,089
                                                                         

                                                           
                                                           GECS
Fourth quarter ended December 31 
                                                  2000               1999  
                                                     $                  $
Revenues                                                                 
Sales of goods and services                      2,378              2,787
Earnings of GECS                                     -                  -
GECS revenues from services                     15,204             13,199
Other income                                         -                  -
Total revenues                                  17,582             15,986
                                                                         
Costs and expenses                                                       
                                                                         
Cost of sales, operating and                     8,395              8,154
administrative expenses
Interest and other financial charges             2,965              2,718
Insurance losses and policyholder and            3,886              2,940
annuity benefits
Provision for losses on financing                  640                630
receivables
Minority interest in net earnings of                55                 54
consolidated affiliates
Total costs and expenses                        15,941             14,496
                                                                         
Earnings before income taxes                     1,641              1,490
Provision for income taxes                       (414)              (433)
                                                                         
Net earnings                                     1,227              1,057
                                                                       
                                              
                        General Electric Company
                     Condensed Statement of Earnings
                                                          
                                                      Consolidated
Years ended December 31                           
                                                  2000               1999
                                                     $                  $ 
Revenues                                              
 
Sales of goods and services                     72,954             64,068
Earnings of GECS                                     -                  -
GECS revenues from services                     56,463             46,764
Other income                                       436                798
Total revenues                                 129,853            111,630
                                                                         
Costs and expenses                                                       
                                                                         
Cost of sales, operating and                    82,817             72,969
administrative expenses
Interest and other financial charges            11,719             10,013
Insurance losses and policyholder and           14,399             11,028
annuity benefits
Provision for losses on financing                2,045              1,678
receivables
Minority interest in net earnings of               427                365
consolidated affiliates
Total costs and expenses                       111,407             96,053
                                                                         
Earnings before income taxes                    18,446             15,577
Provision for income taxes                     (5,711)            (4,860)
                                                                         
Net earnings                                    12,735             10,717
                                                                         
Per share amounts (in dollars)                    1.27               1.07
Diluted earnings per share                        1.29               1.09
                                                                         
Basic earnings per share                                                 
Dividends declared per share (in                  0.57               0.48
dollars)
                                                           
                                                            GE
Fourth quarter ended December 31                           
                                                  2000               1999
                                                     $                  $     
Revenues       
Sales of goods and services                     63,807             55,645
Earnings of GECS                                 5,192              4,443
GECS revenues from services                          -                  -
Other income                                       498                856
Total revenues                                  69,497             60,944
                                                                         
Costs and expenses                                                       
                                                                         
Cost of sales, operating and                    51,940             46,031
administrative expenses
Interest and other financial charges               810                810
Insurance losses and policyholder and                -                  -
annuity benefits
Provision for losses on financing                    -                  -
receivables
Minority interest in net earnings of               213                179
consolidated affiliates
Total costs and expenses                        52,963             47,020
                                                                         
Earnings before income taxes                    16,534             13,924
Provision for income taxes                     (3,799)            (3,207)
                                                                         
Net earnings                                    12,735             10,717

                                                           
                                                          GECS
Years ended December 31                           
                                                  2000               1999
                                                     $                  $
Revenues                                                                 
Sales of goods and services                      9,408              8,740
Earnings of GECS                                     -                  -
GECS revenues from services                     56,769             47,009
Other income                                         -                  -
Total revenues                                  66,177             55,749
                                                                         
Costs and expenses                                                       
                                                                         
Cost of sales, operating and                    31,304             27,402
administrative expenses
Interest and other financial charges            11,111              9,359
Insurance losses and policyholder and           14,399             11,028
annuity benefits
Provision for losses on financing                2,045              1,678
receivables
Minority interest in net earnings of               214                186
consolidated affiliates
Total costs and expenses                        59,073             49,653
                                                                         
Earnings before income taxes                     7,104              6,096
Provision for income taxes                     (1,912)            (1,653)
                                                                         
Net earnings                                     5,192              4,443
                                                                         

Dollar amounts in millions; per-share amounts in dollars; unaudited.
Supplemental consolidating data are shown for 'GE' and 'GECS.'
Transactions between GE and GECS have been eliminated from the
'consolidated' columns. See note 1 to the consolidated financial
statements in the 1999 Annual Report to Share Owners for further
information about consolidation matters.