Dividend Declaration, etc

General Electric Company
20 December 1999


GE Board approves three-for-one stock split; increases quarterly dividend 17%;
Share Repurchase Program increased to $22 billion

FAIRFIELD, CONN. - December 17, 1999 - GE's Board of Directors voted today to
approve a three-for-one split of GE stock, to increase the Company's quarterly
dividend and to increase its share repurchase program.  These Board actions:

* Approved a three-for-one stock split, subject to share owner's approval of
  an increase in authorized shares at the April 26, 2000 Annual Meeting.  If
  the share increase is approved, the stock split would be GE's third in the
  past six years and fifth in the past 17 years.  It would be the ninth stock
  split in GE history.
  
* Increase the Company's quarterly dividend 17% to 41 cents per share.  This
  increase from 35 cents per share marks the 24th consecutive year of
  increased dividends by GE.  The dividend declared today is payable on
  January 25, 2000 to share owners of record at the close of business on
  December 27, 1999.
  
* Increase GE's share repurchase program from $17 billion to $22 billion.
  Under the share repurchase program initiated in December 1994, GE has
  purchased more than $15 billion of GE stock - more than 300 million shares
  on the open market.  Today's $5 billion addition allows GE to continues its
  stock repurchases.
  

'Today's actions by the Board of Directors reflect GE's financial strength and
the outlook for our diverse array of global leadership businesses,' GE
Chairman John F. Welch said.  'These moves should make our shares attractive
to a broader range of investors.'