Edgar Filing: GENERAL ELECTRIC CO

GE SAVINGS AND SECURITY PROGRAM

Financial Statements and Supplemental Schedule

December 31, 2005 and 2004

(With Independent Registered Public Accounting Firm’s Report Thereon)

GE SAVINGS AND SECURITY PROGRAM

December 31, 2005 and 2004

Table of Contents

	Page Number(s)

Report of Independent Registered Public Accounting Firm	3

Financial Statements:
Statements of Net Assets Available for Plan Benefits as of December 31, 2005 and 2004	4

Statements of Changes in Net Assets Available for Plan Benefits for the Years Ended December 31, 2005 and 2004	5

Notes to Financial Statements	6-11

Supplemental Schedule: ⁽ⁱ⁾
Schedule H, Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2005	12-22

⁽ⁱ⁾ Schedules required by Form 5500 that are not applicable have not been included.

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Report of Independent Registered Public Accounting Firm

General Electric Company, as Administrator

GE Savings and Security Program:

We have audited the accompanying statements of net assets available for plan benefits of GE Savings and Security Program (the Plan) as of December 31, 2005 and 2004, and the related statements of changes in net assets available for plan benefits for the years then ended. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for plan benefits of the Plan as of December 31, 2005 and 2004, and the changes in net assets available for plan benefits for the years then ended in conformity with U.S. generally accepted accounting principles.

Our audits were made for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedule H, line 4i - schedule of assets (held at end of year) as of December 31, 2005 is presented for the purpose of additional analysis and is not a required part of the basic financial statements but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This supplemental schedule is the responsibility of the Plan’s management. The supplemental schedule has been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole.

/s/ KPMG LLP
June 16, 2006

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GE SAVINGS AND SECURITY PROGRAM

Statements of Net Assets Available for Plan Benefits

December 31, 2005 and 2004

(in thousands)

Assets		2005		2004

Investments at fair value (note 3)	$	24,590,090	$	24,990,843
Accrued dividends and interest		105,927		98,061
Other assets		9,568		432
Total assets		24,705,585		25,089,336

Liabilities

Liability for collateral deposits (note 3)		139,353		273,023
Other liabilities		16,196		10,535
Total liabilities		155,549		283,558

Net assets available for plan benefits	$	24,550,036	$	24,805,778

See accompanying notes to financial statements.

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GE SAVINGS AND SECURITY PROGRAM

Statements of Changes in Net Assets Available for Plan Benefits

Years Ended December 31, 2005 and 2004

(in thousands)

	2005			2004

Additions to net assets attributed to:
Investment income:
Net appreciation (depreciation) in fair value of investments (note 3)	$	(764,762	)	$	2,721,303

Interest and dividend income:
General Electric Company Common Stock		421,709			376,437
Registered investment companies		331,970			193,152
Interest		98,100			75,790
		87,017			3,366,682
Contributions:
Employee		973,581			933,172
Employer		326,811			310,747
		1,300,392			1,243,919

Total additions		1,387,409			4,610,601

Deductions from net assets attributed to:
Participant withdrawals		1,643,151			1,486,955

Net increase (decrease)		(255,742	)		3,123,646

Net assets available for plan benefits:
Beginning of year		24,805,778			21,682,132

End of year	$	24,550,036		$	24,805,778

See accompanying notes to financial statements.

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GE SAVINGS AND SECURITY PROGRAM

Notes to Financial Statements

December 31, 2005 and 2004

(1)	Description of the Plan

GE Savings and Security Program (the “Plan”) is a defined contribution plan sponsored by General Electric Company. The Plan is subject to applicable provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). The Trustees of the GE Savings and Security Trust are officers of GE Asset Management Incorporated (“GEAM”), a wholly owned subsidiary of General Electric Company. GEAM is investment adviser to each of the Plan’s investment options, except General Electric Company Common Stock, Vanguard Institutional Index Fund and the United States Savings Bonds. State Street Corporation and The Bank of New York are the primary custodians for Plan assets.

The following description of the Plan is provided for general information purposes only. The complete terms of the Plan are provided in the GE Savings and Security Program document (the “Plan Document”). Additional Plan information including benefits, investment options, vesting provisions and effects of plan termination is included in Plan handbooks and other material distributed to participants.

Employee Contributions and Investment Options

Eligible employees of General Electric Company and participating affiliates may participate in the Plan by investing up to 30% of their earnings in one or more of the following investment options:

(a)

General Electric Company Common Stock (“GE Common Stock”).

(b)

GE S&S Income Fund (the “Income Fund”) - a registered investment company that invests primarily in a variety of investment grade debt securities with a weighted average maturity that is normally about five to ten years.

(c)

GE S&S Program Mutual Fund (the “Mutual Fund”) - a registered investment company that invests primarily in equity securities of U.S. companies.

(d)

GE Institutional International Equity Fund (the “International Fund”) - a registered investment company that invests primarily in equity securities of companies in countries other than the U.S.

(e)

GE Institutional Small-Cap Value Equity Fund (the “Small Cap Fund”) - a registered investment company that invests primarily in equity securities of small-cap U.S. companies (those with market capitalizations in the same range as the companies in the Russell 2000 Index).

(f)

GE Institutional Strategic Investment Fund (the “Strategic Investment Fund”) - a registered investment company that invests primarily in a combination of equity securities (U.S. and Non-U.S.) and investment grade debt securities.

(g)

Vanguard Institutional Index Fund (the “Index Fund”) - a registered investment company that employs a passive management strategy designed to track the performance of the Standard and Poor’s 500 Index, which is composed primarily of equity securities of large U.S. companies.

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GE SAVINGS AND SECURITY PROGRAM

Notes to Financial Statements

December 31, 2005 and 2004

(h)

GE S&S Short-Term Interest Fund (the “Short Term Fund”) - invests primarily in a variety of investment grade debt securities with a weighted average maturity that is normally not more than three years.

(i)

GE S&S Money Market Fund (the “Money Market Fund”) - invests primarily in short-term, U.S. dollar denominated money market instruments and other debt instruments that mature in one year or less.

(j)

United States Savings Bonds (the “U.S. Bond Fund”) - comprises individual participants’ after-tax contributions that are directed to U.S. Treasury Series “EE” Savings Bonds, bonds that mature in 30 years. While individual funds being accumulated for bond purchase, such funds are invested in short-term instruments. Only after-tax contributions are permitted to be invested in the U.S. Bond Fund.

Audited financial statements and prospectuses or other disclosure documents of the registered investment companies are distributed annually to participants.

The Plan permits participants to invest earnings on which income taxes have and have not been paid (“after-tax” and “pre-tax”, respectively). The United States Internal Revenue Code limits pre-tax contributions. The limits for participants under age 50 were generally $14,000 and $13,000 in 2005 and 2004, respectively. For other participants, the 2005 and 2004 limits were generally $18,000 and $16,000, respectively.

The Plan generally permits participants to switch their investment balances up to 24 times each year. Restrictions on such switches include a prohibition against switching balances into the U.S. Bond Fund and a prohibition against switching balances out of U.S Savings Bonds that were purchased after 1988 with after-tax contributions.

Employer Contributions

The Plan generally provides for employer matching contributions of 50% of employees’ contributions of up to 7% of their earnings, that is, 3.5% maximum matching contribution. For certain eligible employees whose first day of work was on or after January 1, 2005, such matching contributions are generally 50% of employees’ contributions of up to 8% of earnings (4% maximum). Employer contributions may be invested at the election of the participant in any one of the investment options except for the U.S. Bond Fund.

Rollovers and Transfers from Other Qualifying Plans

Subject to General Electric Company approval, participants may elect to roll over amounts from other qualifying plans or arrangements in accordance with the Internal Revenue Code. For the years ended December 31, 2005 and 2004, transfers from other qualifying plans or arrangements accounted for $49.6 million and $54.2 million, respectively, and are included in employee contributions in the Statements of Changes in Net Assets Available for Plan Benefits.

Withdrawals

Subject to certain limitations prescribed by the Plan and the Internal Revenue Code, terminated participants may elect retirement or other termination withdrawals in either lump sum or partial payments. Currently employed participants may make up to seven withdrawals per year and certain hardship withdrawals from

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GE SAVINGS AND SECURITY PROGRAM

Notes to Financial Statements

December 31, 2005 and 2004

their participant accounts. Partial payments on termination are generally limited to four per year and a minimum of $500.

Loans to Participants

The Plan permits participants, under certain circumstances, to borrow a minimum of $500 from their participant accounts. Subject to certain Internal Revenue Code and Plan limits, a participant may not borrow more than the lesser of 50% of that participant’s available account value, as defined in the Plan Document, or $50,000, adjusted for prior loans. The interest rate applicable to participant loans is based on the monthly average of the composite yield on corporate bonds, published by Moody’s Investors Service. The interest rates of individual loans are fixed for the shorter of the term of the loan or five years.

A participant may have no more than two outstanding loans from the Plan at any time and may not obtain more than one such loan during any calendar year.

Loans are repaid with interest in equal payments over the term of the loan by payroll deductions, personal check or other such methods as may be required. Participants may repay the entire principal amount by check with written notice and without penalty beginning three months after the date of the loan.

In the event of a loan default, the Plan will report the outstanding loan balance as a withdrawal.

Participant Accounts

Each participant’s account is credited with the participant’s contributions and allocation of (a) employer matching contributions and (b) earnings. The benefit to which a participant is entitled is the value of the participant’s vested account.

Vesting

Participants are fully vested in their accounts, including employee and employer contributions plus earnings.

Plan Termination and Amendment

Although General Electric Company has not expressed any intent to do so, it has the right under the Plan, to the extent permitted by law, to discontinue its contributions and to terminate the Plan in accordance with the provisions of ERISA. If the Plan is terminated, each participant’s interest will be payable in full according to the Plan provisions. General Electric Company also has the right under the Plan to the extent permitted by law to amend or replace the Plan for any reason.

Administrative and Investment Advisory Costs

Administrative costs of the Plan and investment advisory costs for the Short Term Fund and the Money Market Fund are generally borne by General Electric Company. For the registered investment companies, investment advisers are reimbursed for costs incurred or receive a management fee for providing investment advisory services. These reimbursed costs and management fees are reflected in the net appreciation (depreciation) in the fair value of investments on the Statements of Changes in Net Assets Available for Plan Benefits.

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GE SAVINGS AND SECURITY PROGRAM

Notes to Financial Statements

December 31, 2005 and 2004

(2)	Summary of Significant Accounting Policies

(a)

Basis of Accounting

The accompanying financial statements have been prepared on the accrual basis of accounting.

(b)

Investments

Plan investments are stated at fair value. GE Common Stock is valued at the New York Stock Exchange closing price. Investments in registered investment companies are valued at the closing price on NASDAQ. Long-term U.S. government, agency and corporate debt, notes, bonds, and loans secured by mortgages are valued at current quoted market prices. Loans to participants bear interest at market rates and outstanding principal balance plus accrued interest represents fair value. Short-term money market instruments, U.S. government, agency and corporate notes are valued at amortized cost, which approximates fair value. U.S. Savings Bonds are valued at the respective current cash redemption value published by the U.S. Treasury Department.

Investment transactions are recorded on a trade date basis. Dividends on GE Common Stock are recorded as of the record date. Dividends on the registered investment companies are recorded on the payment date. Interest income is earned from settlement date and recognized on the accrual basis.

Investments other than GE Common Stock, the Mutual Fund, the Money Market Fund and the U.S. Bond Fund may use various financial instruments, particularly forward foreign currency contracts, options, and futures, commonly referred to as derivatives, to manage their risk. No investments are engaged in market-making or other speculative activities. Established practices require that derivative financial instruments relate to specific asset, liability, or equity transactions or to currency exposures. More detailed information regarding these financial instruments, as well as the strategies and policies for their use, is contained in the audited financial statements of the eligible investment options which are distributed annually to participants, except the Short Term Fund whose detailed information is contained in the S&S Program Supplemental Information and distributed annually.

(c)	Participant Withdrawals

Participant withdrawals are recorded when paid.

(d)	Management Estimates and Assumptions

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.

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GE SAVINGS AND SECURITY PROGRAM

Notes to Financial Statements

December 31, 2005 and 2004

(3)	Investments

The following is a summary of the fair value of the Plan’s investments at December 31, 2005 and 2004.

	2005			2004
	(in thousands)

GE Common Stock	$	16,204,610	*	$	16,812,913	*
Registered Investment Companies
GE S&S Income Fund		1,775,493	*		1,792,659	*
GE S&S Program Mutual Fund		2,597,656	*		2,609,795	*
Other		1,470,637			959,839
Total Registered Investment Companies		5,843,786			5,362,293
Other Investments
Short-Term Money Market Instruments		937,887			1,106,892
U.S. Government and Agency Debt Obligations		753,751			1,022,219
Loans to Participants		429,329			387,886
Other		420,727			298,640
Total Investments at fair value	$	24,590,090		$	24,990,843

*Investment representing more than 5% of the Plan’s net assets

The Plan’s investments appreciated (depreciated) as follows:

	2005			2004
	(in thousands)

GE Common Stock	$	(662,610	)	$	2,555,234
Registered Investment Companies		(86,106	)		184,036
Other investments		(16,046	)		(17,967	)
	$	(764,762	)	$	2,721,303

The Short Term Fund may, from time to time, lend securities to certain unrelated brokers. In the event the counterparty does not meet its contracted obligation to return securities used, the Short Term Fund may be exposed to the risk of reacquiring the securities at prevailing market prices in order to satisfy its obligations. The Short Term Fund receives collateral in the form of cash or securities, which may be supplemented by letters of credit, in an amount generally in excess of the market value of securities loaned. The Short Term Fund monitors the market value of the securities loaned on a daily basis with additional collateral obtained or refunded as necessary. The value of loaned securities, primarily U.S. Treasury obligations, amounted to $136.5 million and $267.9 million at December 31, 2005 and 2004, respectively. The value of cash collateral obtained and reinvested in short-term investments is reflected as a liability in the Plan’s financial statements.

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GE SAVINGS AND SECURITY PROGRAM

Notes to Financial Statements

December 31, 2005 and 2004

The Plan’s investment funds include investments in U.S. equities, international equities and fixed income securities. Investment securities, in general, are exposed to various risks, such as interest rate, credit and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonable to expect that changes in the values of investment securities will occur (including in the near term) and that such changes could materially affect participant account balances and the Statements of Net Assets Available for Plan Benefits. The Plan offers alternatives that mitigate participant risks, including the opportunity to diversify investments across ten participant-directed fund elections. Additionally, the investments within each participant-directed fund election are further diversified into various financial instruments, with the exception of GE Common Stock and the U.S. Bond Fund, which invest in securities of a single issuer.

(4)	Tax Status

The Internal Revenue Service has notified General Electric Company by a letter dated April 30, 2002, that the Plan is qualified under the appropriate sections of the Internal Revenue Code. The Plan has been amended since that letter was issued. However, counsel for the Plan has no reason to believe that those amendments have adversely affected the validity of the determination letter. A request for a new determination letter for the Plan has been submitted to the Internal Revenue Service.

The portion of a participant’s compensation contributed to the Plan as a pre-tax contribution and General Electric Company’s matching contribution are not subject to Federal income tax when such contributions are credited to participant accounts, subject to certain limitations. These amounts and any investment earnings may be included in the participant’s gross taxable income for the year in which such amounts are withdrawn from the Plan.

(5)	Plan Amendments

In 2005, the Plan was amended to, among other things, expand the circumstances under which hardship withdrawals made on or after January 1, 2006, are allowed.

In 2004, the Plan was amended to provide that certain eligible employees whose first day of work was on or after January 1, 2005, will be eligible for employer matching contributions of 50% of employee contributions up to 8% of earnings (4% maximum matching).

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GE SAVINGS AND SECURITY PROGRAM

Schedule H, Line 4i - Schedule of Assets (Held at End of Year)

As of December 31, 2005

Description	Shares		* Cost		Market
Corporate Stocks - Common
** General Electric Company	462,328,382	$	10,942,559,140	$	16,204,609,772

Registered Investment Companies
*** GE S&S Income Fund	157,962,009		1,803,872,114		1,775,492,984
*** GE S&S Program Mutual Fund	60,622,067		2,771,282,585		2,597,655,556
*** GE Institutional International Equity Fund	38,757,828		431,601,380		520,130,048
*** GE Institutional Small-Cap Value Equity Fund	26,716,970		356,645,335		389,266,255
*** GE Institutional Strategic Investment Fund	11,868,100		125,050,877		129,955,692
Vanguard Institutional Index Fund	3,782,875		385,718,772		431,285,552
Total Registered Investment Companies			5,874,171,063		5,843,786,087

See accompanying notes to schedule of assets on page 22.

(continued)

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GE SAVINGS AND SECURITY PROGRAM

Schedule H, Line 4i - Schedule of Assets (Held at End of Year)

As of December 31, 2005

Description	Rate of Interest			Maturity		* Cost		Market
Short-Term Money Market Instruments
Interest Bearing Cash and Cash Equivalents
Abbey National PLC		4.500	%		01/03/2006	$	51,737,063	$	51,737,063
Bank of America Corp.		4.190			01/31/2006		38,654,558		38,654,558
Barclays PLC		4.160			01/09/2006		38,524,353		38,524,353
Barclays PLC		4.180			01/09/2006		4,515,801		4,515,801
Caylon		4.165			01/09/2006		38,540,000		38,540,000
Ciesco LP		4.190			01/12/2006		25,367,481		25,367,481
Credit Suisse First Boston		4.210			01/23/2006		42,101,403		42,101,403
Dexia Credit Local S.A.		4.340			02/02/2006		41,260,000		41,260,000
First Tennessee Bank		4.310			01/31/2006		22,900,000		22,900,000
First Tennessee Bank		4.350			01/31/2006		18,480,000		18,480,000
HBOS PLC		4.160			02/02/2006		38,387,525		38,387,525
Jupiter Securitization Corp.		4.300			01/17/2006		41,091,320		41,091,320
Lloyds Bank PLC		4.040			01/06/2006		38,108,853		38,108,853
Preferred Receivables Funding Corp.		4.240			01/24/2006		42,973,274		42,973,274
Sheffield Receivables Corp.		4.290			01/13/2006		41,200,998		41,200,998
Societe Generale		4.329			10/31/2006		3,999,079		3,999,079
Toronto-Dominion Bank		4.450			03/23/2006		40,710,000		40,710,000
Wells Fargo Bank		4.340			01/09/2006		9,800,000		9,800,000
Wells Fargo Bank		4.400			01/06/2006		5,610,000		5,610,000
Total Interest Bearing Cash and Cash Equivalents							583,961,708		583,961,708

Other
***GEAM Cash Plus Fund		variable			n/a		86,506,975		86,506,975
***GEAM Enhanced Cash Fund		variable			n/a		182,958,207		182,958,207
UBS - Repurchase Agreement		4.270			01/03/2006		84,460,000		84,460,000
Total Other							353,925,182		353,925,182
Total Short-Term Money Market Instruments							937,886,890		937,886,890

See accompanying notes to schedule of assets on page 22.

(continued)

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GE SAVINGS AND SECURITY PROGRAM

Schedule H, Line 4i - Schedule of Assets (Held at End of Year)

As of December 31, 2005

Description	Rate of Interest			Maturity		* Cost		Market
U.S. Government and Agency Debt Obligations
Federal Home Loan Bank System		1.875	%		06/15/2006	$	30,919,586	$	30,626,326
Federal Home Loan Mortgage Corp.		2.000			07/15/2006		19		28
Federal Home Loan Mortgage Corp.		3.250			07/15/2023		8,243,254		8,151,500
Federal Home Loan Mortgage Corp.		3.500			01/15/2022		18,597,313		18,450,438
Federal Home Loan Mortgage Corp.		3.500			05/15/2022		18,584,094		18,375,238
Federal Home Loan Mortgage Corp.		3.500			05/15/2026		16,493,338		16,240,803
Federal Home Loan Mortgage Corp.		3.730			01/10/2006		42,141,353		42,141,353	(a	)
Federal Home Loan Mortgage Corp.		3.800			07/12/2006		46,960,000		46,960,000
Federal Home Loan Mortgage Corp.		4.000			08/15/2029		16,927,406		16,662,915
Federal Home Loan Mortgage Corp.		4.320			04/25/2006		28,286,419		28,286,419	(a	)
Federal Home Loan Mortgage Corp.		5.000			11/15/2012		62,225		64,003	(b	)
Federal Home Loan Mortgage Corp.		5.000			04/01/2013		21,451,329		20,212,829
Federal Home Loan Mortgage Corp.		5.000			06/15/2014		2,202,486		2,194,946
Federal Home Loan Mortgage Corp.		5.000			12/15/2020		11,343,316		11,125,426
Federal Home Loan Mortgage Corp.		5.250			01/15/2006		15,017,693		15,002,685
Federal Home Loan Mortgage Corp.		6.000			12/01/2008		3,504		3,628
Federal Home Loan Mortgage Corp.		6.000			10/15/2013		64,915		138,511	(b	)
Federal Home Loan Mortgage Corp.		6.000			10/15/2013		63,607		137,842	(b	)
Federal Home Loan Mortgage Corp.		6.000			10/01/2017		508,055		493,716
Federal Home Loan Mortgage Corp.		6.000			12/01/2018		206,960		203,231
Federal Home Loan Mortgage Corp.		6.000			09/01/2019		759,882		746,023
Federal Home Loan Mortgage Corp.		6.000			11/15/2023		24,663,580		24,339,187
Federal Home Loan Mortgage Corp.		6.500			05/01/2013		897,490		866,426
Federal Home Loan Mortgage Corp.		6.500			12/01/2033		2,549,501		2,474,545
Federal Home Loan Mortgage Corp.		7.000			03/15/2007		569,459		541,143
Federal Home Loan Mortgage Corp.		7.000			10/01/2023		21,739		21,486
Federal Home Loan Mortgage Corp.		7.000			11/01/2031		205,444		201,963
Federal Home Loan Mortgage Corp.		7.000			04/01/2032		657,246		641,566
Federal Home Loan Mortgage Corp.		7.000			04/01/2032		713,385		696,467
Federal Home Loan Mortgage Corp.		7.000			06/01/2032		338,165		330,775
Federal Home Loan Mortgage Corp.		7.000			11/01/2033		375,616		367,348
Federal Home Loan Mortgage Corp.		7.500			11/01/2008		11,184		10,873
Federal Home Loan Mortgage Corp.		7.500			01/01/2027		662,892		657,148
Federal Home Loan Mortgage Corp.		7.500			01/01/2027		159,351		156,050
Federal Home Loan Mortgage Corp.		8.000			05/01/2031		33,697		33,842

See accompanying notes to schedule of assets on page 22.

(continued)

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GE SAVINGS AND SECURITY PROGRAM

Schedule H, Line 4i - Schedule of Assets (Held at End of Year)

As of December 31, 2005

Description	Rate of Interest			Maturity		* Cost		Market
U. S. Government and Agency Debt Obligations, continued
Federal Home Loan Mortgage Corp.		8.500	%		03/01/2027	$	149,555	$	147,483
Federal Home Loan Mortgage Corp.		9.250			12/01/2016		355,350		331,386
Federal National Mortgage Assoc.		1.408			07/25/2044		6,459,048		2,474,744	(b	)
Federal National Mortgage Assoc.		2.228			06/25/2043		26,056,065		6,104,854	(b	)
Federal National Mortgage Assoc.		3.056			07/25/2037		845,039		838,098
Federal National Mortgage Assoc.		3.250			06/01/2033		1,424,246		1,419,862
Federal National Mortgage Assoc.		3.331			07/01/2033		2,514,661		2,492,487
Federal National Mortgage Assoc.		3.460			06/25/2043		1,082,975		1,074,476
Federal National Mortgage Assoc.		3.487			05/01/2033		1,208,171		1,177,170
Federal National Mortgage Assoc.		3.616			06/01/2033		1,993,825		1,921,780
Federal National Mortgage Assoc.		3.930			07/01/2033		10,476,987		10,092,479
Federal National Mortgage Assoc.		4.036			06/01/2033		4,557,943		4,380,843
Federal National Mortgage Assoc.		4.040			06/01/2033		4,945,985		4,717,054
Federal National Mortgage Assoc.		4.135			07/01/2033		7,422,477		7,103,701
Federal National Mortgage Assoc.		4.286			05/01/2033		6,573,537		6,267,745
Federal National Mortgage Assoc.		4.375			10/15/2006		11,969,051		11,969,160
Federal National Mortgage Assoc.		4.426			06/01/2033		1,892,122		1,812,481
Federal National Mortgage Assoc.		4.500			03/25/2009		34,512		35,553	(b	)
Federal National Mortgage Assoc.		4.500			09/25/2016		9,420,165		9,302,692
Federal National Mortgage Assoc.		4.500			06/25/2043		5,094,336		4,962,670
Federal National Mortgage Assoc.		4.604			12/01/2032		2,328,898		2,271,189
Federal National Mortgage Assoc.		5.124			06/01/2033		1,516,750		1,471,494
Federal National Mortgage Assoc.		5.170			02/25/2044		5,173,057		5,065,643
Federal National Mortgage Assoc.		5.500			02/15/2006		14,862,138		14,813,795
Federal National Mortgage Assoc.		5.500			02/25/2035		5,309,278		5,183,922
Federal National Mortgage Assoc.		6.000			03/01/2012		3,319,601		3,299,674
Federal National Mortgage Assoc.		6.000			03/01/2012		659,145		655,823
Federal National Mortgage Assoc.		6.000			02/01/2018		1,064,063		1,031,633
Federal National Mortgage Assoc.		6.000			11/01/2018		785,991		761,697
Federal National Mortgage Assoc.		6.000			12/01/2019		1,772,127		1,727,145
Federal National Mortgage Assoc.		6.000			03/01/2020		4,117,969		4,044,233
Federal National Mortgage Assoc.		6.000			08/25/2028		18,132,253		17,483,150
Federal National Mortgage Assoc.		6.000			04/01/2033		403,294		390,520
Federal National Mortgage Assoc.		6.000			11/01/2033		981,538		956,474
Federal National Mortgage Assoc.		6.000			01/25/2034		15,802,576		15,209,440

See accompanying notes to schedule of assets on page 22.

(continued)

- 15 -

GE SAVINGS AND SECURITY PROGRAM

Schedule H, Line 4i - Schedule of Assets (Held at End of Year)

As of December 31, 2005

Description	Rate of Interest			Maturity		* Cost		Market
U. S. Government and Agency Debt Obligations, continued
Federal National Mortgage Assoc.		6.500	%		05/01/2017	$	881,315	$	853,657
Federal National Mortgage Assoc.		6.500			10/01/2017		154,033		150,150
Federal National Mortgage Assoc.		6.500			12/01/2019		1,545,542		1,499,323
Federal National Mortgage Assoc.		6.500			08/01/2022		954,188		935,933
Federal National Mortgage Assoc.		6.500			11/01/2023		1,205,638		1,188,706
Federal National Mortgage Assoc.		6.500			04/01/2033		534,688		521,200
Federal National Mortgage Assoc.		6.500			05/01/2033		890,107		863,924
Federal National Mortgage Assoc.		6.500			12/25/2034		17,612,082		17,352,601
Federal National Mortgage Assoc.		6.500			03/01/2035		1,381,260		1,355,051
Federal National Mortgage Assoc.		7.000			04/01/2011		301,052		286,796
Federal National Mortgage Assoc.		7.000			02/01/2017		154,872		153,050
Federal National Mortgage Assoc.		7.000			03/01/2017		233,240		228,224
Federal National Mortgage Assoc.		7.000			03/01/2017		107,155		104,851
Federal National Mortgage Assoc.		7.000			03/01/2017		436,432		427,551
Federal National Mortgage Assoc.		7.000			03/01/2017		877,487		867,425
Federal National Mortgage Assoc.		7.000			04/01/2017		655,859		642,512
Federal National Mortgage Assoc.		7.000			04/01/2017		163,136		159,816
Federal National Mortgage Assoc.		7.000			04/01/2017		611,030		604,024
Federal National Mortgage Assoc.		7.000			05/01/2017		271,915		266,390
Federal National Mortgage Assoc.		7.000			05/01/2017		431,309		420,440
Federal National Mortgage Assoc.		7.000			07/01/2017		494,921		484,278
Federal National Mortgage Assoc.		7.000			07/01/2017		1,385,152		1,357,964
Federal National Mortgage Assoc.		7.000			02/01/2019		38,880		38,021
Federal National Mortgage Assoc.		7.000			03/01/2029		219,512		220,973
Federal National Mortgage Assoc.		7.000			06/01/2031		192,584		189,226
Federal National Mortgage Assoc.		7.000			10/01/2031		661,075		667,084
Federal National Mortgage Assoc.		7.000			01/01/2032		214,518		210,635
Federal National Mortgage Assoc.		7.000			10/01/2032		200,068		195,296
Federal National Mortgage Assoc.		7.000			04/01/2033		718,717		704,168
Federal National Mortgage Assoc.		7.000			11/01/2033		1,330,735		1,300,356
Federal National Mortgage Assoc.		7.000			03/01/2034		497,314		484,463
Federal National Mortgage Assoc.		7.000			06/01/2034		790,088		779,705
Federal National Mortgage Assoc.		7.000			01/01/2035		941,478		931,037
Federal National Mortgage Assoc.		7.000			05/01/2035		1,113,240		1,103,544
Federal National Mortgage Assoc.		7.000			05/01/2035		1,320,500		1,310,946

See accompanying notes to schedule of assets on page 22.

(continued)

- 16 -

GE SAVINGS AND SECURITY PROGRAM

Schedule H, Line 4i - Schedule of Assets (Held at End of Year)

As of December 31, 2005

Description	Rate of Interest			Maturity		* Cost		Market
U. S. Government and Agency Debt Obligations, continued
Federal National Mortgage Assoc.		7.500	%		04/01/2016	$	159,431	$	156,599
Federal National Mortgage Assoc.		7.500			11/01/2021		318,274		310,608
Federal National Mortgage Assoc.		7.500			11/01/2022		264,528		263,861
Federal National Mortgage Assoc.		7.500			03/01/2023		48,718		47,869
Federal National Mortgage Assoc.		7.500			01/01/2025		390,477		387,870
Federal National Mortgage Assoc.		7.500			05/01/2026		261,087		259,667
Federal National Mortgage Assoc.		7.500			07/01/2027		541,670		537,608
Federal National Mortgage Assoc.		7.500			10/01/2030		172,936		168,097
Federal National Mortgage Assoc.		7.500			11/01/2030		1,844,992		1,808,963
Federal National Mortgage Assoc.		7.500			01/01/2031		92,869		92,407
Federal National Mortgage Assoc.		7.500			02/01/2031		248,769		247,504
Federal National Mortgage Assoc.		7.500			06/01/2031		1,664,319		1,630,859
Federal National Mortgage Assoc.		7.500			01/01/2032		452,632		450,254
Federal National Mortgage Assoc.		7.500			04/01/2032		291,074		289,779
Federal National Mortgage Assoc.		7.500			04/01/2032		484,163		482,011
Federal National Mortgage Assoc.		7.500			06/01/2032		339,755		331,834
Federal National Mortgage Assoc.		7.500			07/01/2032		341,982		337,752
Federal National Mortgage Assoc.		7.500			04/01/2033		242,537		236,532
Federal National Mortgage Assoc.		7.500			11/01/2033		302,305		295,293
Federal National Mortgage Assoc.		7.500			03/01/2034		1,691,956		1,651,392
Federal National Mortgage Assoc.		7.500			03/01/2034		1,439,996		1,405,570
Federal National Mortgage Assoc.		7.500			03/01/2034		1,734,867		1,681,035
Federal National Mortgage Assoc.		7.500			05/01/2034		997,164		970,995
Federal National Mortgage Assoc.		7.500			02/01/2035		1,663,750		1,623,388
Federal National Mortgage Assoc.		8.000			07/01/2009		364,004		342,902
Federal National Mortgage Assoc.		8.000			02/01/2032		108,927		109,765
Federal National Mortgage Assoc.		8.000			03/01/2032		441,346		441,425
Federal National Mortgage Assoc.		8.000			05/01/2032		76,507		76,515
Federal National Mortgage Assoc.		8.000			11/01/2033		433,157		427,743
Federal National Mortgage Assoc.		8.000			01/01/2034		632,376		622,045
Federal National Mortgage Assoc.		8.500			06/01/2028		521,593		518,466
Federal National Mortgage Assoc.		8.500			08/01/2029		1,100,742		1,097,127
Federal National Mortgage Assoc.		8.500			08/01/2030		214,449		210,450
Federal National Mortgage Assoc.		8.500			02/01/2032		97,427		98,751
Federal National Mortgage Assoc.		8.500			09/01/2032		71,071		71,391

See accompanying notes to schedule of assets on page 22.

(continued)

- 17 -

GE SAVINGS AND SECURITY PROGRAM

Schedule H, Line 4i - Schedule of Assets (Held at End of Year)

As of December 31, 2005

Description	Rate of Interest			Maturity		* Cost		Market
U.S. Government and Agency Debt Obligations, continued
Federal National Mortgage Assoc.		9.000	%		08/01/2010	$	670,132	$	649,967
Federal National Mortgage Assoc.		9.000			03/01/2011		2,197,738		2,226,979
Federal National Mortgage Assoc.		9.000			12/01/2031		202,079		205,699
Federal National Mortgage Assoc.		9.500			09/01/2021		323,798		307,362
Federal National Mortgage Assoc.		13.920			05/25/2018		171,486		119,264	(a,b	)
Government National Mortgage Assoc.		6.000			06/15/2025		1,014,391		1,007,442
Government National Mortgage Assoc.		6.000			06/15/2026		1,134,289		1,126,197
Government National Mortgage Assoc.		6.000			01/15/2035		937,884		926,598
Government National Mortgage Assoc.		6.000			04/15/2035		996,824		985,249
Government National Mortgage Assoc.		6.000			06/15/2035		1,003,365		992,762
Government National Mortgage Assoc.		6.000			07/15/2035		916,631		906,397
Government National Mortgage Assoc.		6.500			11/15/2016		709,221		686,386
Government National Mortgage Assoc.		6.500			04/15/2017		228,775		221,372
Government National Mortgage Assoc.		6.500			03/15/2024		749,765		731,526
Government National Mortgage Assoc.		6.500			12/15/2024		1,433,220		1,419,306
Government National Mortgage Assoc.		6.500			12/15/2029		412,512		408,800
Government National Mortgage Assoc.		6.500			03/15/2033		410,354		403,147
Government National Mortgage Assoc.		6.500			10/15/2033		840,187		826,184
Government National Mortgage Assoc.		6.500			11/15/2033		875,329		860,360
Government National Mortgage Assoc.		6.500			01/15/2034		1,641,312		1,612,530
Government National Mortgage Assoc.		6.500			01/15/2034		1,030,796		1,012,721
Government National Mortgage Assoc.		6.500			02/15/2034		1,040,857		1,016,132
Government National Mortgage Assoc.		6.500			04/15/2034		1,069,459		1,071,501
Government National Mortgage Assoc.		6.500			04/15/2035		944,486		934,804
Government National Mortgage Assoc.		6.500			05/15/2035		1,179,128		1,167,213
Government National Mortgage Assoc.		6.500			05/15/2035		963,118		954,659
Government National Mortgage Assoc.		6.500			06/15/2035		1,021,034		1,012,066
Government National Mortgage Assoc.		6.500			07/15/2035		964,520		956,048
Government National Mortgage Assoc.		6.500			07/15/2035		1,246,717		1,235,400
Government National Mortgage Assoc.		6.500			09/15/2035		941,163		937,207
Government National Mortgage Assoc.		6.500			09/15/2035		984,702		981,880
Government National Mortgage Assoc.		7.000			12/15/2018		622,869		602,804
Government National Mortgage Assoc.		7.000			11/15/2023		373,293		367,784
Government National Mortgage Assoc.		7.000			03/15/2031		561,579		561,192
Government National Mortgage Assoc.		7.000			05/15/2032		497,365		497,252

See accompanying notes to schedule of assets on page 22.

(continued)

- 18 -

GE SAVINGS AND SECURITY PROGRAM

Schedule H, Line 4i - Schedule of Assets (Held at End of Year)

As of December 31, 2005

Description	Rate of Interest			Maturity		* Cost		Market
U.S. Government and Agency Debt Obligations, continued
Government National Mortgage Assoc.		7.000	%		11/15/2032	$	335,058	$	330,606
Government National Mortgage Assoc.		7.500			02/15/2009		618,264		626,578
Government National Mortgage Assoc.		7.500			12/15/2012		2,891,381		2,995,145
Government National Mortgage Assoc.		7.500			12/15/2018		701,626		681,753
Government National Mortgage Assoc.		7.500			11/15/2027		194,137		190,891
Government National Mortgage Assoc.		7.500			01/15/2031		709,817		708,848
Government National Mortgage Assoc.		7.500			01/15/2031		302,723		302,310
Government National Mortgage Assoc.		7.500			03/15/2031		67,950		67,857
Government National Mortgage Assoc.		7.500			05/15/2031		625,664		624,810
Government National Mortgage Assoc.		7.500			07/15/2031		412,376		411,813
Government National Mortgage Assoc.		7.500			09/15/2031		428,421		427,836
Government National Mortgage Assoc.		8.000			03/15/2032		38,704		38,792
Government National Mortgage Assoc.		9.000			08/15/2009		626,559		595,333
Government National Mortgage Assoc.		9.000			12/15/2009		1,813,305		1,763,590
Government National Mortgage Assoc.		9.000			12/15/2009		7,039,145		7,012,294
Government National Mortgage Assoc.		9.000			11/15/2017		3,952,414		3,970,994
Government National Mortgage Assoc.		9.500			12/15/2009		323,145		316,326
Government National Mortgage Assoc.		9.500			12/15/2009		1,950,058		1,894,777
Government National Mortgage Assoc.		9.500			12/15/2009		349,191		342,120
U.S. Treasury Notes		2.375			08/15/2006		69,327,123		69,138,996
U.S. Treasury Notes		2.875			11/30/2006		22,682,053		22,379,313
U.S. Treasury Notes		3.125			05/15/2007		8,567,742		8,377,858
U.S. Treasury Notes		3.875			05/15/2010		15,092,798		14,720,550
U.S. Treasury Notes		4.375			11/15/2008		22,941,406		23,007,127
U.S. Treasury Notes		4.375			12/15/2010		43,808,932		43,799,629
Total U.S. Government and Agency Debt Obligations							787,083,573		753,751,212

See accompanying notes to schedule of assets on page 22.

(continued)

- 19 -

GE SAVINGS AND SECURITY PROGRAM

Schedule H, Line 4i - Schedule of Assets (Held at End of Year)

As of December 31, 2005

Description	Units		* Cost		Market
U.S. Savings Bonds
1976 U.S. Savings Bond E Series		3,093	$	57,994	$	408,192
1977 U.S. Savings Bond E Series		4,362		81,788		557,631
1978 U.S. Savings Bond E Series		6,989		131,044		686,916
1979 U.S. Savings Bond E Series		10,598		198,712		998,051
1980 U.S. Savings Bond EE Series		4,643		232,150		1,265,555
1981 U.S. Savings Bond EE Series		4,847		242,350		1,147,170
1982 U.S. Savings Bond EE Series		5,534		276,700		1,233,097
1983 U.S. Savings Bond EE Series		9,689		484,450		1,768,817
1984 U.S. Savings Bond EE Series		11,053		552,650		1,821,920
1985 U.S. Savings Bond EE Series		16,773		838,650		2,627,752
1986 U.S. Savings Bond EE Series		52,361		2,618,050		7,758,207
1987 U.S. Savings Bond EE Series		56,122		2,806,100		7,305,487
1988 U.S. Savings Bond EE Series		65,311		3,265,550		8,173,279
1989 U.S. Savings Bond EE Series		95,932		4,796,600		11,534,939
1990 U.S. Savings Bond EE Series		98,625		4,931,250		11,393,621
1991 U.S. Savings Bond EE Series		103,516		5,175,800		11,503,935
1992 U.S. Savings Bond EE Series		160,485		8,024,250		17,121,234
1993 U.S. Savings Bond EE Series		112,280		5,614,000		9,972,436
1994 U.S. Savings Bond EE Series		90,093		4,504,650		7,362,649
1995 U.S. Savings Bond EE Series		35,837		1,791,850		2,797,991
1996 U.S. Savings Bond EE Series		256		12,800		18,153
1997 U.S. Savings Bond EE Series		381		19,050		26,821
1998 U.S. Savings Bond EE Series		682		34,100		45,951
1999 U.S. Savings Bond EE Series		890		44,500		57,269
2000 U.S. Savings Bond EE Series		1,150		57,500		70,477
2001 U.S. Savings Bond EE Series		1,348		67,400		77,695
2002 U.S. Savings Bond EE Series		1,886		94,300		104,007
2003 U.S. Savings Bond EE Series		215,479		10,773,950		11,495,508
2004 U.S. Savings Bond EE Series		237,127		11,856,350		12,303,179
2005 U.S. Savings Bond EE Series		245,277		12,263,850		12,263,850
Total U.S. Savings Bonds				81,848,388		143,901,789

See accompanying notes to schedule of assets on page 22.

(continued)

- 20 -

GE SAVINGS AND SECURITY PROGRAM

Schedule H, Line 4i - Schedule of Assets (Held at End of Year)

As of December 31, 2005

Description	Rate of Interest			Maturity		* Cost		Market
Corporate Notes
American Express Credit Corp.		4.391	%		03/05/2008	$	23,038,555	$	23,038,555
Canadian Imperial Bank		4.350			12/23/2010		42,770,000		42,770,000
HSBC Finance Corp.		4.551			06/22/2006		48,119,818		48,119,818
Morgan Stanley		4.301			02/03/2006		44,400,000		44,400,000
Societe Generale		4.329			10/31/2006		38,554,502		38,554,502
Total Corporate Notes							196,882,875		196,882,875

Loans to Participants
** Various (62,761 loans)		5.350-8.410			1 month - 15 years		429,328,895		429,328,895

Loans Secured by Mortgages and Other Assets
Bank of America Alternative Loan Trust (Class 4)		6.500			06/25/2035		4,127,257		4,036,410
CPS Auto Trust		7.620			07/16/2011		4,055,370		4,055,755
First Union National Commercial Funding Corp.		1.159			10/15/2032		6,070,697		5,819,037
Greenwich Capital Commercial Funding Corp.		1.080			11/05/2013		1,869,059		1,828,104
GRP/AG Real Estate Asset Trust (Class A)		4.850			01/25/2035		8,415,121		8,412,543
JP Morgan Chase Commercial Mortgage Sec. Corp.		4.940			07/15/2042		1,671,578		1,859,175	(a	)
LB Commercial Conduit Mortgage Trust (Class B)		6.360			10/15/2035		7,338,797		7,141,141
LB-UBS Commercial Mortgage Trust		1.353			07/15/2035		2,179,453		2,164,502
LB-UBS Commercial Mortgage Trust		4.870			10/17/2013		3,365,127		2,801,029	(a	)
Morgan Stanley Capital I		1.033			04/15/2038		3,108,595		2,953,782
Morgan Stanley Capital I (Class X)		4.890			12/15/2041		3,452,620		3,714,863	(a	)
Residential Asset Securities Corp (Class M)		6.100			04/25/2033		16,702,959		16,393,054
Security National Asset Sec Series Trust (Class A)		6.355			12/25/2035		17,887,728		17,898,546
World Omni Auto Receivables Trust (Class B)		2.350			09/15/2009		870,949		859,244
Total Loans Secured by Mortgages and Other Assets							81,115,310		79,937,185

Other
** Cash		n/a			n/a		4,898		4,898

Total Investments						$	19,330,881,032	$	24,590,089,603

See accompanying notes to schedule of assets on page 22.

(continued)

- 21 -

GE SAVINGS AND SECURITY PROGRAM

Schedule H, Line 4i - Schedule of Assets (Held at End of Year)

As of December 31, 2005

Notes to Schedule of Assets:

*	Cost of securities, including cost of GE Common Stock, is the price at which underlying shares in the investment options were purchased, including shares purchased with reinvested interest and dividends. In addition, cost of securities includes gains and losses realized on participant investment switches and is decreased for withdrawals on an average cost basis by individual participant.
**	Represents a party in interest to the Plan.
***	Funds managed by GEAM, a wholly owned subsidiary of General Electric Company.
(a)	Rate of interest is based on computed effective yield.
(b)	Interest only securities represent the right to receive the monthly interest payments on an underlying pool of mortgages.

See accompanying Report of Independent Registered Public Accounting Firm.

			Page Number(s)

A.	Financial Statements and Schedule:

	Report of Independent Registered Public Accounting Firm		3

	Financial Statements:

	Statements of Net Assets Available for Plan Benefits as of December 31, 2005 and 2004		4

	Statements of Changes in Net Assets Available for Plan Benefits for the Years Ended December 31, 2005 and 2004		5

	Notes to Financial Statements:		6-11

	Supplemental Schedule:
	Schedule H, Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2005		12-22

B.	Exhibits

	23	Consent of Independent Registered Public Accounting Firm

	99(a)	GE S&S Program Mutual Funds 2005 Annual Report (incorporated by reference to the General Electric S&S Program Mutual Fund Form N-CSR for the year ended December 31, 2005, as filed with the Commission on March 7, 2006)

	99(b)	GE Institutional International Equity Fund 2005 Annual Report (incorporated by reference to the GE Institutional Funds Form N-CSR for the year ended September 30, 2005, as filed with the Commission on December 8, 2005)

	99(c)	GE Institutional Small-Cap Value Equity Fund 2005 Annual Report (incorporated by reference to the GE Institutional Funds Form N-CSR for the year ended September 30, 2005, as filed with the Commission on December 8, 2005)

	99(d)	GE Institutional Strategic Investment Fund 2005 Annual Report (incorporated by reference to the GE Institutional Funds Form N-CSR for the year ended September 30, 2005, as filed with the Commission on December 8, 2005)

		GE Savings and Security Program
		(Name of Plan)



Date:	June 21, 2006	/s/ Philip D. Ameen
		Philip D. Ameen Vice President and Comptroller