Exhibit 99

PRESS RELEASE   

GE Reports Strong Second-Quarter 2006 Financial Results with 15% EPS Growth, 9% Revenue Growth and Record Cash Flow

Financial Highlights (Continuing Operations)

·Revenues of $39.9 billion, up 9%; Organic revenue growth of 8%

·Earnings of $4.9 billion, up 11%; earnings per share (EPS) of $.47, up 15%

·Total orders up 17%

·Five of six businesses deliver double-digit earnings growth

·First-half cash from operating activities (CFOA) up 78% to $14.3 billion; Industrial CFOA up 9%

·Return on average total capital (ROTC) increasing 2 points to 17.6%

 

Fairfield, Conn. July 14, 2006 - GE announced today record second-quarter 2006 earnings from continuing operations of $4.9 billion or $.47 per share, up 11% and 15%, respectively, from second-quarter 2005. Revenues from continuing operations were also a record $39.9 billion, up 9% from last year’s second quarter. First-half cash from GE’s operating activities was a record $14.3 billion, up 78%.

“We continue to execute our strategy,” said GE Chairman and CEO Jeff Immelt. “We are generating consistently strong earnings growth, with EPS up 15%. Our returns are expanding, with ROTC up 2 points. And we are improving our businesses by leveraging our growth initiatives.

“Our solid quarterly results were highlighted by strong top- and bottom-line growth at Commercial Finance, demand for our products and services at Infrastructure and strong profitability at Healthcare, Consumer Finance and Industrial,” said Immelt. “We are making good progress at NBC Universal, which continues to improve with increasing ratings and a diversified business model of content leveraged across all delivery platforms.

“This is our sixth straight quarter of organic revenue growth that meets our goal of 2-3X GDP. This consistent performance demonstrates the quality of our businesses and the excellence of our execution,” added Immelt. “We see this string continuing. Total company orders were up 17% for the quarter, showing strong future demand for our products and services. Orders for equipment increased 33%, including a 59% surge in Infrastructure orders, while services orders increased 13%,” added Immelt.

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“In addition, our businesses are producing healthy cash flows. For the first half, we generated $14.3 billion in CFOA, an increase of 78% over the same period of last year, with the inclusion of the $5.7 billion proceeds from the sale of Insurance Solutions and our final stake in Genworth. Industrial CFOA increased 9% to $6.7 billion. We used our cash to fund the businesses, pay our dividends and acquire 176 million shares of GE common stock. Through the first half of this year, we have funded $6 billion of the $7-9 billion stock repurchase we have planned for 2006.”

Second-Quarter 2006 Financial Highlights:

Earnings from continuing operations were $4.854 billion, up 11% from $4.376 billion in second quarter 2005. EPS from continuing operations were $.47, up 15% from last year’s $.41. Five of six businesses contributed double-digit earnings growth for the quarter.

Continuing revenues of $39.9 billion were 9% higher than last year’s $36.5 billion. Industrial sales increased 9% to $24.4 billion, reflecting core growth. Financial Services revenues grew 10% over last year to $15.3 billion, reflecting core growth and the effects of acquisitions.

Cash generated from GE’s operating activities in the first six months of 2006 totaled $14.3 billion compared with $8.0 billion last year, reflecting a $5.8 billion increase in GE Capital Services’ dividends, substantially all of which was proceeds from sales of insurance businesses, and a 9% increase from the industrial businesses.

Loss from discontinued operations was $2 million for the quarter and included the results of Genworth, the final transaction for GE Insurance Solutions, and GE Life, which is in the process of being sold. Accordingly second-quarter 2006 net EPS were $.47, up 7% from the second quarter of 2005.

“We are focused on sustained execution and long-term performance. We have a strong set of businesses managed by great people in many of the best markets in the world. Our goals are to generate organic revenue growth of 2-3X GDP, deliver 10%+ earnings growth and expand ROTC to 20% by 2008. For the third quarter, we expect double-digit segment profit growth in five of our six businesses and EPS from continuing operations of $.48-.50, up 12-16%. We are reaffirming our full-year 2006 guidance of earnings from continuing operations increasing 13-17% to $1.94-2.02,” said Immelt.

GE will discuss second quarter results on a conference call and Webcast at 8:30 a.m. EDT today. Call information is available at www.ge.com/investor, and related charts will be posted there prior to the call.

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GE (NYSE: GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world’s toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.

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Caution Concerning Forward-Looking Statements

Results are preliminary and unaudited. This document contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, particular uncertainties which could adversely or positively affect our future results include: the behavior of financial markets, including fluctuations in interest rates and commodity prices; strategic actions, including dispositions; future integration of acquired businesses; future financial performance of major industries which we serve, including, without limitation, the air and rail transportation, energy generation, media, real estate and healthcare industries; unanticipated loss development in our insurance businesses; and numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive and regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

Media Contact:

Russell Wilkerson, 203.373.3193 (office); 203.581.2114 (mobile)

russell.wilkerson@ge.com

General Electric, Fairfield

Investor Contact:

Dan Janki, 203-373.2468 (office)

General Electric, Fairfield

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GENERAL ELECTRIC COMPANY

Condensed Statement of Earnings

	Consolidated									GE									Financial Services (GECS)
Three months ended June 30	2006			2005			V%			2006			2005			V%			2006			2005			V%
Revenues
Sales of goods and services	$	24,897		$	22,989					$	24,448		$	22,408					$	712		$	664
GECS earnings from continuing operations		-			-						2,500			2,028						-			-
GECS revenues from services		14,346			12,954						-			-						14,595			13,297
Other income		657			596						695			624						-			-
Total revenues		39,900			36,539			9	%		27,643			25,060			10	%		15,307			13,961			10	%
Costs and expenses
Cost of sales, operating and administrative expenses		27,549			25,337						21,394			19,316						6,512			6,271
Interest and other financial charges		4,533			3,786						486			336						4,202			3,603
Investment contracts, insurance losses and
insurance annuity benefits		793			799						-			-						831			850
Provision for losses on financing receivables		896			958						-			-						896			958
Minority interest in net earnings of
consolidated affiliates		235			290						186			249						49			41
Total costs and expenses		34,006			31,170			9	%		22,066			19,901			11	%		12,490			11,723			7	%
Earnings from continuing operations
before income taxes		5,894			5,369			10	%		5,577			5,159			8	%		2,817			2,238			26	%
Provision for income taxes		(1,040	)		(993	)					(723	)		(783	)					(317	)		(210	)
Earnings from continuing operations		4,854			4,376			11	%		4,854			4,376			11	%		2,500			2,028			23	%
Earnings (loss) from discontinued
operations, net of taxes		(2	)		271						(2	)		271						(2	)		271
Net earnings	$	4,852		$	4,647			4	%	$	4,852		$	4,647			4	%	$	2,498		$	2,299			9	%
Per-share amounts - earnings from
continuing operations
Diluted earnings per share	$	0.47		$	0.41			15	%
Total average equivalent shares		10,400			10,650			(2	)%
Basic earnings per share	$	0.47		$	0.41			15	%
Total average equivalent shares		10,362			10,604			(2	)%
Per-share amounts - net earnings
Diluted earnings per share	$	0.47		$	0.44			7	%
Total average equivalent shares		10,400			10,644			(2	)%
Basic earnings per share	$	0.47		$	0.44			7	%
Total average equivalent shares		10,362			10,599			(2	)%
Dividends declared per share	$	0.25		$	0.22			14	%

Dollar amounts and share 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 2005 consolidated financial statements at www.ge.com/annual05 for further information about consolidation matters.

GENERAL ELECTRIC COMPANY

Condensed Statement of Earnings

	Consolidated								GE								Financial Services (GECS)
Six months ended June 30		2006			2005		V	%		2006			2005		V	%		2006			2005		V	%
Revenues
Sales of goods and services	$	48,381		$	44,394				$	47,534		$	43,241				$	1,267		$	1,338
GECS earnings from continuing operations		-			-					4,770			3,891					-			-
GECS revenues from services		28,232			25,582					-			-					28,721			26,228
Other income		1,108			913					1,174			954					-			-
Total revenues		77,721			70,889		10	%		53,478			48,086		11	%		29,988			27,566		9	%
Costs and expenses
Cost of sales, operating and administrative expenses		54,247			49,727					42,095			37,636					12,748			12,596
Interest and other financial charges		8,894			7,457					870			717					8,309			7,017
Investment contracts, insurance losses
and insurance annuity benefits		1,542			1,626					-			-					1,636			1,716
Provision for losses on financing receivables		1,718			1,860					-			-					1,718			1,860
Minority interest in net earnings of
consolidated affiliates		473			506					349			435					124			71
Total costs and expenses		66,874			61,176		9	%		43,314			38,788		12	%		24,535			23,260		5	%
Earnings from continuing operations
before income taxes		10,847			9,713		12	%		10,164			9,298		9	%		5,453			4,306		27	%
Provision for income taxes		(1,951	)		(1,777	)				(1,268	)		(1,362	)				(683	)		(415	)
Earnings from continuing operations		8,896			7,936		12	%		8,896			7,936		12	%		4,770			3,891		23	%
Earnings from discontinued operations, net of taxes		261			676					261			676					261			676
Net earnings	$	9,157		$	8,612		6	%	$	9,157		$	8,612		6	%	$	5,031		$	4,567		10	%
Per-share amounts - earnings from
continuing operations
Diluted earnings per share	$	0.85		$	0.75		13	%
Total average equivalent shares		10,441			10,644		(2	)%
Basic earnings per share	$	0.86		$	0.75		15	%
Total average equivalent shares		10,403			10,599		(2	)%
Per-share amounts - net earnings
Diluted earnings per share	$	0.88		$	0.81		9	%
Total average equivalent shares		10,441			10,644		(2	)%
Basic earnings per share	$	0.88		$	0.81		9	%
Total average equivalent shares		10,403			10,599		(2	)%
Dividends declared per share	$	0.50		$	0.44		14	%

Dollar amounts and share 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 2005 consolidated financial statements at www.ge.com/annual05 for further information about consolidation matters.

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GENERAL ELECTRIC COMPANY

Summary of Operating Segments (unaudited)

	Three Months								Six Months
	Ended June 30								Ended June 30
(Dollars in millions)		2006			2005		V	%		2006			2005		V	%
Revenues
Infrastructure	$	11,332		$	10,221		11		$	21,484		$	19,595		10
Industrial		8,788			8,253		6			16,928			15,921		6
Healthcare		4,156			3,768		10			7,815			7,089		10
NBC Universal		3,858			3,858		-			8,340			7,459		12
Commercial Finance		5,527			4,929		12			11,011			10,001		10
Consumer Finance		5,268			4,928		7			10,358			9,617		8
Total segment revenues		38,929			35,957		8			75,936			69,682		9
Corporate items and eliminations		971			582		67			1,785			1,207		48
Consolidated revenues from
continuing operations	$	39,900		$	36,539		9		$	77,721		$	70,889		10
Segment profit (a)
Infrastructure	$	2,107		$	1,916		10		$	3,810		$	3,456		10
Industrial		729			635		15			1,329			1,161		14
Healthcare		795			672		18			1,291			1,081		19
NBC Universal		882			979		(10	)		1,536			1,688		(9	)
Commercial Finance		1,057			872		21			2,231			1,798		24
Consumer Finance		880			735		20			1,716			1,470		17
Total segment profit		6,450			5,809		11			11,913			10,654		12
Corporate items and eliminations		(387	)		(314	)	(23	)		(879	)		(639	)	(38	)
GE interest and other financial charges		(486	)		(336	)	(45	)		(870	)		(717	)	(21	)
GE provision for income taxes		(723	)		(783	)	8			(1,268	)		(1,362	)	7
Earnings from continuing operations	$	4,854		$	4,376		11		$	8,896		$	7,936		12
Earnings (loss) from discontinued
operations, net of taxes	$	(2	)	$	271		U		$	261		$	676		(61	)
Consolidated net earnings	$	4,852		$	4,647		4		$	9,157		$	8,612		6

(a)   Segment profit always excludes the effects of principal pension plans, results reported as discontinued operations and accounting changes, and may exclude matters such as charges for restructuring; rationalization and other similar expenses; in-process research and development and certain other acquisition-related charges and balances; technology and product development costs; certain gains and losses from dispositions; and litigation settlements or other charges, responsibility for which preceded the current management team. Segment profit excludes or includes interest and other financial charges and income taxes according to how a particular segment's management is measured - excluded in determining segment profit, which we refer to as "operating profit," for Healthcare, NBC Universal, and the industrial businesses of the Industrial and Infrastructure segments; included in determining segment profit, which we refer to as "net earnings," for Commercial Finance, Consumer Finance, and the financial services businesses of the Industrial segment (Equipment Services) and Infrastructure segment (Aviation Financial Services, Energy Financial Services and Transportation Finance).

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GENERAL ELECTRIC COMPANY

Summary of Operating Segments (unaudited)

Additional Information

	Three Months							Six Months
	Ended June 30							Ended June 30
(Dollars in millions)	2006		2005		V%			2006		2005		V%
Infrastructure
Revenues	$	11,332	$	10,221		11		$	21,484	$	19,595		10
Segment profit	$	2,107	$	1,916		10		$	3,810	$	3,456		10
Revenues
Aviation	$	3,291	$	2,971		11		$	6,332	$	5,561		14
Aviation Financial Services		981		819		20			1,915		1,636		17
Energy		4,442		3,884		14			8,277		7,835		6
Energy Financial Services		364		382		(5	)		665		610		9
Oil & Gas		1,094		763		43			1,866		1,404		33
Transportation		1,002		892		12			2,025		1,648		23
Segment profit
Aviation	$	728	$	690		6		$	1,373	$	1,217		13
Aviation Financial Services		310		185		68			516		348		48
Energy		689		625		10			1,125		1,202		(6	)
Energy Financial Services		146		179		(18	)		263		273		(4	)
Oil & Gas		108		75		44			163		102		60
Transportation		165		101		63			369		183		F
Industrial
Revenues	$	8,788	$	8,253		6		$	16,928	$	15,921		6
Segment profit	$	729	$	635		15		$	1,329	$	1,161		14
Revenues
Consumer & Industrial	$	3,852	$	3,576		8		$	7,386	$	6,837		8
Equipment Services		1,797		1,652		9			3,431		3,226		6
Plastics		1,684		1,640		3			3,328		3,288		1
Segment profit
Consumer & Industrial	$	318	$	227		40		$	538	$	392		37
Equipment Services		60		36		67			76		46		65
Plastics		183		208		(12	)		408		448		(9	)
Commercial Finance
Revenues	$	5,527	$	4,929		12		$	11,011	$	10,001		10
Segment profit	$	1,057	$	872		21		$	2,231	$	1,798		24
Revenues
Capital Solutions	$	3,047	$	2,856		7		$	5,867	$	5,745		2
Real Estate		1,047		744		41			2,122		1,642		29
Segment profit
Capital Solutions	$	433	$	325		33		$	772	$	611		26
Real Estate		334		240		39			775		550		41

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GENERAL ELECTRIC COMPANY

Condensed Statement of Financial Position

(Dollars in billions)
	Consolidated				GE				Financial Services (GECS)
Assets		06/30/06		12/31/05		06/30/06		12/31/05		06/30/06		12/31/05
Cash & marketable securities	$	56.1	$	51.0	$	2.2	$	2.5	$	54.0	$	48.8
Receivables		12.0		14.9		12.3		15.1		-		-
Inventories		11.7		10.5		11.6		10.3		0.2		0.2
GECS financing receivables - net		303.9		287.6		-		-		303.9		287.6
Property, plant & equipment - net		71.0		67.5		16.7		16.5		54.3		51.0
Investment in GECS		-		-		48.6		50.8		-		-
Goodwill & intangible assets		85.6		81.6		60.7		57.8		24.9		23.8
Other assets		107.0		99.1		36.6		36.8		75.9		68.1
Assets of discontinued operations		15.1		61.1		-		-		15.1		61.1
Total assets	$	662.4	$	673.3	$	188.7	$	189.8	$	528.3	$	540.6
Liabilities and equity
Borrowings	$	394.4	$	370.4	$	10.6	$	10.2	$	385.4	$	362.1
Insurance reserves		34.5		33.1		-		-		34.9		33.4
Other liabilities & minority interest		109.7		110.9		69.3		70.2		44.4		44.5
Liabilities of discontinued operations		15.0		49.5		-		-		15.0		49.8
Shareowners' equity		108.8		109.4		108.8		109.4		48.6		50.8
Total liabilities and equity	$	662.4	$	673.3	$	188.7	$	189.8	$	528.3	$	540.6

June 30, 2006 information is unaudited. Supplemental consolidating data are shown for "GE" and "Financial Services (GECS)." Transactions between GE and GECS have been eliminated from the "consolidated" columns. See note 1 to the 2005 consolidated financial statements at www.ge.com/annual05 for further information about consolidation matters.

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GENERAL ELECTRIC COMPANY

Financial Measures That Supplement GAAP

We sometimes use information derived from consolidated financial information but not presented in our financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP). Certain of these data are considered "non-GAAP financial measures" under the U.S. Securities and Exchange Commission rules. Specifically, we have referred to organic revenue growth for the three months ended June 30, 2006, compared with the three months ended June 30, 2005, the increase in cash from operating activities from our industrial businesses (or Industrial CFOA) for the six months ended June 30, 2006, compared with the six months ended June 30, 2005 and return on average total capital invested (ROTC), which is calculated using average total shareowners' equity, excluding effects of discontinued operations. The reasons we use these non-GAAP financial measures and their reconciliation to their most directly comparable GAAP financial measures follow.

(Dollars in millions)
	Three months
	ended June 30
Organic Revenue Growth		2006		2005	V	%
GE consolidated continuing revenues as reported	$	39,900	$	36,539	9	%
Less the effects of:
Acquisitions, business dispositions (other than dispositions
of businesses acquired for investment)
and currency exchange rates		679		329
GE consolidated revenues excluding the effects of acquisitions,
business dispositions (other than dispositions
of businesses acquired for investment) and currency
exchange rates (organic revenues)	$	39,221	$	36,210	8	%

	Six months
	ended June 30
Growth in Industrial CFOA	2006		2005		V%
Cash from GE's operating activities as reported	$	14,323	$	8,027		78	%
Less: GECS dividends		7,590		1,839
Cash from GE's operating activities excluding dividends
from GECS (Industrial CFOA)	$	6,733	$	6,188		9	%

We believe that meaningful analysis of our financial performance requires an understanding of the factors underlying that performance and our judgments about the likelihood that particular factors will repeat. In some cases, short-term patterns and long-term trends may be obscured by large factors or events. For example, events or trends in a particular segment may be so significant as to obscure patterns and trends of our industrial or financial services businesses in total. For this reason, we believe that investors may find it useful to see our 2006 growth in revenues without the effects of acquisitions, business dispositions and currency exchange rates. We also believe that investors would find it useful to compare our operating cash flow for the six months ended June 30, 2006, to the operating cash flow for the six months ended June 30, 2005, without the effect of GECS dividends, which can vary from period-to-period.

	Three months
	ended June 30
Average Total Shareowners' Equity, Excluding Effects of Discontinued Operations (a)	2006		2005
Average total shareowners' equity (b)	$	110,196	$	107,367
Less:
Cumulative effect of earnings from discontinued operations (c)		761		3,344
Average net investment in discontinued operations (d)		7,001		-
Average total shareowners' equity, excluding
effect of discontinued operations (a)	$	102,434	$	104,023

(a)	Used for computing return on average total capital invested (ROTC). For GE, ROTC is earnings from continuingoperations plus the sum of after-tax interest and other financial charges and minority interest, divided by the sum of the averages of total shareowners' equity (excluding effects of discontinued operations), borrowings, mandatorily redeemable preferred stock and minority interest (on a twelve-month basis, calculated using a five-point average).
(b)	On a twelve-month basis, calculated using a five-point average.
(c)	Represented the average cumulative net earnings effect of discontinued operations from 2001 through the first half of 2005 (on a twelve-month basis, calculated using a five-point average).
(d)	Represented the average net investment in discontinued operations since the second half of 2005.

U.S. GAAP requires earnings of discontinued operations to be displayed separately in the Statement of Earnings. Accordingly, the numerator used in our calculation of return on average total capital invested excludes those earnings (losses). Further we believe it is appropriate to exclude from the average shareowners' equity component of the denominator the cumulative effect of those earnings (losses) since 2000 (reclassifications for discontinued operations began in 2001), as well as our average net investment in discontinued operations since the second half of 2005. Had we disposed of these operations before mid-2005, proceeds would have been applied to reduce parent-supported debt at GE Capital; however since parent-supported debt at GE Capital was retired in the first half of 2005, we have assumed that any proceeds after that time would have been distributed to shareowners by means of share repurchases, thus reducing average total shareowners' equity.

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