Dividend Declaration

General Electric Company
17 December 2002

General Electric Company

GE Declares Increased Quarterly Dividend and Marks 27 Consecutive Years of
Dividend Growth

FAIRFIELD, Conn., December 13, 2002 - The Board of Directors of GE declared an
increased quarterly dividend of $0.19 per outstanding share of its common stock.

The dividend increase of 6%, from $0.18 per share, was approved in late November
and marks GE's 27th consecutive annual increase. GE has paid a quarterly
dividend without interruption since 1899.

The dividend is payable January 27, 2003, to shareowners of record on December
31, 2002. The ex-dividend date is December 27.

GE (NYSE:GE) is a diversified technology, services company dedicated to creating
products that make life better. From aircraft engines and power generation to
financial services, medical imaging, television programming and plastics, GE
operates in more than 100 countries and employs more than 300,000 people
worldwide. 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 political, 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.

Contact:

General Electric, Fairfield

David Frail, 203/373-3387

[e-mail]


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