frm11k.htm

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 11-K
 
Annual Report Pursuant to Section 15(d) of the
Securities Exchange Act of 1934
(Mark One)
 
þ       Annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934 (No Fee Required)
 
For the fiscal year ended December 31, 2006
 
OR
 
¨       Transition report pursuant to Section 15(d) of the Securities Exchange Act of 1934 (No Fee Required)
 
For the transition period from ___to ___
 
Commission file number 1-35
 
A.       Full title of the plan and the address of the plan, if different from that of the issuer named below:
 
GE Savings and Security Program
 
B.       Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
 
General Electric Company
3135 Easton Turnpike
Fairfield, Connecticut 06828-0001




Required Information
 

   
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, 2006 and 2005
4
     
 
Statements of Changes in Net Assets Available for Plan Benefits
for the Years Ended December 31, 2006 and 2005
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, 2006
12-20
 
 
  
B.
Exhibits
  
 
 
  
 
23
Consent of Independent Registered Public Accounting Firm
  
   
 
  
 
99(a)
GE S&S Program Mutual Funds 2006 Annual Report (incorporated by reference to the General Electric S&S Program Mutual Fund Form N-CSR for the year ended December 31, 2006, as filed with the Commission on March 6, 2007)
  
   
 
  
 
99(b)
GE Institutional International Equity Fund 2006 Annual Report (incorporated by reference to the GE Institutional Funds Form N-CSR for the year ended September 30, 2006, as filed with the Commission on December 4, 2006)
  
   
 
  
 
99(c)
GE Institutional Small-Cap Value Equity Fund 2006 Annual Report (incorporated by reference to the GE Institutional Funds Form N-CSR for the year ended September 30, 2006, as filed with the Commission on December 4, 2006)
  
   
 
  
 
99(d)
GE Institutional Strategic Investment Fund 2006 Annual Report (incorporated by reference to the GE Institutional Funds Form N-CSR for the year ended September 30, 2006, as filed with the Commission on December 4, 2006)
  


- 2 -

Signatures
 
The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
 
     
GE Savings and Security Program
     
(Name of Plan)
     
 
       
       
Date:
June 13, 2007
  
/s/ Philip D. Ameen
     
Philip D. Ameen
Vice President and Comptroller



- 3 -



 
GE SAVINGS AND SECURITY PROGRAM
 
Financial Statements and Supplemental Schedule
 
December 31, 2006 and 2005
 
(With Independent Registered Public Accounting Firm’s Report Thereon)
 


GE SAVINGS AND SECURITY PROGRAM
 
December 31, 2006 and 2005
 
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, 2006 and 2005
4
   
Statements of Changes in Net Assets Available for Plan Benefits
for the Years Ended December 31, 2006 and 2005
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, 2006
12-20

 

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

- 2 -

 
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, 2006 and 2005, 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, 2006 and 2005, 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, 2006 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 5, 2007

- 3 -

GE SAVINGS AND SECURITY PROGRAM
 
Statements of Net Assets Available for Plan Benefits
 
December 31, 2006 and 2005
 
(in thousands)
 



Assets
  
2006
 
  
2005
  
             
Investments at fair value (note 3)
   $
26,340,577
     $
24,590,090
  
Accrued dividends and interest
    
113,883
      
105,927
  
Other assets
    
400
      
9,568
  
Total assets
    
26,454,860
      
24,705,585
  
                 
Liabilities
                
                 
Liability for collateral deposits (note 3)
    
246,932
      
139,353
  
Other liabilities
    
14,938
      
16,196
  
Total liabilities
    
261,870
      
155,549
  
                 
Net assets available for plan benefits
   $
26,192,990
     $
24,550,036
  


See accompanying notes to financial statements.
 

- 4 -

GE SAVINGS AND SECURITY PROGRAM
 
Statements of Changes in Net Assets Available for Plan Benefits
 
Years Ended December 31, 2006 and 2005
 
(in thousands)
 



   
2006
    
2005
  
             
Additions to net assets attributed to:
            
Investment income:
            
Net appreciation (depreciation) in fair value of
investments (note 3)
   $
1,379,484
     $ (764,762 )
                 
 Interest and dividend income:
                
General Electric Company Common Stock
    
458,716
      
421,709
  
Registered investment companies
    
400,451
      
331,970
  
Other investments
    
119,374
      
98,100
  
     
2,358,025
      
87,017
  
Contributions:
                
Employee
    
966,731
      
973,581
  
Employer
    
327,825
      
326,811
  
     
1,294,556
      
1,300,392
  
                 
        Total additions
    
3,652,581
      
1,387,409
  
                 
Deductions from net assets attributed to:
                
Participant withdrawals
    
2,009,627
      
1,643,151
  
                 
Net increase (decrease)
    
1,642,954
       (255,742 )
                 
Net assets available for plan benefits:
                
Beginning of year
    
24,550,036
      
24,805,778
  
                 
End of year
   $
26,192,990
     $
24,550,036
  


See accompanying notes to financial statements.
 

- 5 -

GE SAVINGS AND SECURITY PROGRAM
 
Notes to Financial Statements
 
December 31, 2006 and 2005
 
 
(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 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.
 

- 6 -

GE SAVINGS AND SECURITY PROGRAM
 
Notes to Financial Statements
 
December 31, 2006 and 2005
 
 
 
(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’ contributions that are directed to U.S. Treasury Series “EE” Savings Bonds, bonds that mature in 30 years. Individual funds being accumulated for bond purchase are invested in short-term instruments. Effective July 1, 1995, only after-tax contributions are permitted to be invested in the U.S. Bond Fund. Bonds acquired with after-tax contributions held by the Trustees shall be distributed to participants as soon as practicable after the end of the second calendar year following the year in which the bonds were acquired. Residual balances that remain after distribution represent after-tax and employer matching contributions from matured bonds that have been reinvested.
 
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 $15,000 and $14,000 in 2006 and 2005, respectively. For other participants, the 2006 and 2005 limits were generally $20,000 and $18,000, 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, a prohibition against switching balances out of U.S Savings Bonds that were purchased after 1988 with after-tax contributions and certain restrictions on a participant’s ability to engage in frequent trading in response to Securities and Exchange Commission (SEC) requirements governing mutual funds.
 
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, 2006 and 2005, transfers from other qualifying plans or arrangements accounted for $38.0 million and $49.6 million, respectively, and are included in employee contributions in the Statements of Changes in Net Assets Available for Plan Benefits.
 

 

- 7 -

GE SAVINGS AND SECURITY PROGRAM
 
Notes to Financial Statements
 
December 31, 2006 and 2005
 
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 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.
 

- 8 -

GE SAVINGS AND SECURITY PROGRAM
 
Notes to Financial Statements
 
December 31, 2006 and 2005
 
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 interest and dividend income on the Statements of Changes in Net Assets Available for Plan Benefits.
 
(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 net asset value per share as reported on each business day. 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. The net appreciation (depreciation) in the fair value of its investments consists of the realized gains or losses on the sales of investments and the unrealized appreciation (depreciation) of investments.
 
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.
 

 

- 9 -

GE SAVINGS AND SECURITY PROGRAM
 
Notes to Financial Statements
 
December 31, 2006 and 2005
 

 
(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.
 
 
(3)
Investments
 
The following is a summary of the fair value of the Plan’s investments at December 31, 2006 and 2005:

   
2006
    
2005
  
   
(in thousands)
  
             
GE Common Stock
   $ 16,045,887 *   $ 16,204,610 *
Registered Investment Companies
                
GE S&S Income Fund
     1,750,704 *     1,775,493 *
GE S&S Program Mutual Fund
     2,946,946 *     2,597,656 *
Other
    
2,594,040
      
1,470,637
  
Total Registered Investment Companies
    
7,291,690
      
5,843,786
  
Other Investments
                
Short-Term Money Market Instruments
    
1,283,429
      
937,887
  
U.S. Government and Agency Debt Obligations
    
794,572
      
753,751
  
Loans to Participants
    
455,632
      
429,329
  
Other
    
469,367
      
420,727
  
Total Investments at fair value
   $
26,340,577
     $
24,590,090
  

*Investment representing more than 5% of the Plan’s net assets
 
 
The Plan’s investments appreciated (depreciated) as follows:
 
   
2006
    
2005
  
   
(in thousands)
  
             
GE Common Stock
   $
940,201
     $ (662,610 )
Registered Investment Companies
    
435,944
       (86,106 )
Other investments
    
3,339
       (16,046 )
    $
1,379,484
     $ (764,762 )

 

- 10 -

GE SAVINGS AND SECURITY PROGRAM
 
Notes to Financial Statements
 
December 31, 2006 and 2005
 

 
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 $242.0 million and $136.5 million at December 31, 2006 and 2005, respectively. The value of cash collateral obtained and reinvested in short-term investments is reflected as a liability in the Plan’s financial statements.
 
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 June 27, 2006, that the Plan is qualified under the appropriate sections of the Internal Revenue Code. Counsel for the Plan has no reason to believe that any subsequent amendments have adversely affected the validity of the determination letter.
 
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 2006, the Plan was amended to restrict a participant’s ability to engage in frequent trading in response to   Securities and Exchange Commission requirements governing mutual funds.
 
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.




- 11 -


GE SAVINGS AND SECURITY PROGRAM

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

As of December 31, 2006

Description
  
Shares
 
  
* Cost
    
Market
  
Corporate Stocks – Common
                  
**   General Electric Company
    
431,217,894
     $
10,381,567,591
     $
16,045,886,828
  
                         
Registered Investment Companies
                        
*** GE S&S Income Fund
    
157,013,832
      
1,785,717,081
      
1,750,704,226
  
*** GE S&S Program Mutual Fund
    
63,635,202
      
2,919,557,717
      
2,946,946,222
  
*** GE Institutional International Equity Fund
    
67,842,557
      
899,234,185
      
1,114,653,210
  
*** GE Institutional Small-Cap Equity Fund
    
40,704,820
      
590,715,943
      
625,226,036
  
*** GE Institutional Strategic Investment Fund
    
18,766,956
      
208,148,083
      
225,015,807
  
      Vanguard Institutional Index Fund
    
4,854,885
      
529,946,492
      
629,144,485
  
          Total Registered Investment Companies
           $
6,933,319,501
     $
7,291,689,986
  
                         

 

See accompanying notes to schedule of assets on page 20.
(continued)




- 12 -

GE SAVINGS AND SECURITY PROGRAM

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

As of December 31, 2006

Description
  
Rate of Interest
 
Maturity
  
* Cost
    
Market
  
Short-Term Money Market Instruments
                    
Interest Bearing Cash and Cash Equivalents
                    
      Abbey National PLC
     5.235 %
03/13/2007
   $
37,574,511
     $
37,574,511
  
      Bank of America Corporation
    
5.250
  
01/16/2007
    
50,069,981
      
50,069,981
  
      Bank of Montreal
    
5.310
  
01/30/2007
    
51,710,000
      
51,710,000
  
      Barclays, PLC
    
5.250
  
02/12/2007
    
49,425,404
      
49,425,404
  
      Bear Stearns Companies
    
5.240
  
03/09/2007
    
23,371,017
      
23,371,017
  
      Bear Stearns Companies
    
5.250
  
02/12/2007
    
24,689,388
      
24,689,388
  
      Caylon
    
5.340
  
05/04/2007
    
40,710,000
      
40,710,000
  
      Chariot Funding LLC
    
5.300
  
01/30/2007
    
27,880,456
      
27,880,456
  
      Chariot Funding LLC
    
5.330
  
01/16/2007
    
23,557,566
      
23,557,566
  
      Ciesco, LP
    
5.255
  
01/26/2007
    
46,429,942
      
46,429,942
  
      Citigroup Funding LLC
    
5.250
  
02/22/2007
    
51,407,183
      
51,407,183
  
      HBOS PLC
    
5.220
  
03/09/2007
    
39,116,258
      
39,116,258
  
      ING Group
    
5.235
  
01/05/2007
    
21,053,976
      
21,053,976
  
      JP Morgan Chase Bank
    
5.230
  
03/13/2007
    
4,948,426
      
4,948,426
  
      Jupiter Securitization Corporation
    
5.235
  
03/05/2007
    
33,123,739
      
33,123,739
  
      Old Line Funding Corporation
    
5.250
  
01/31/2007
    
23,209,498
      
23,209,498
  
      Royal Bank of Canada NY Branch
    
5.295
  
04/05/2007
    
35,030,000
      
35,030,000
  
      Sheffield Receivables Corporation
    
5.275
  
01/10/2007
    
47,976,647
      
47,976,647
  
      UBS AG
    
5.305
  
01/05/2007
    
37,640,000
      
37,640,000
  
      Windmill Funding Corporation
    
5.260
  
01/25/2007
    
9,964,933
      
9,964,933
  
Total Interest Bearing Cash and Cash Equivalents
        
678,888,925
      
678,888,925
  
                           
Other
                          
***GEAM Cash Plus Fund
  
Variable
  
     N/A
    
84,578,369
      
84,578,369
  
***GEAM Enhanced Cash Fund
  
Variable
  
      N/A
    
259,631,356
      
259,631,356
  
      Barclays Bank - Repurchase Agreement
    
5.300
  
01/02/2007
    
35,000,000
      
35,000,000
  
      Credit Suisse - Repurchase Agreement
    
5.320
  
01/02/2007
    
48,780,000
      
48,780,000
  
      UBS Securities LLC - Repurchase Agreement
    
5.310
  
01/02/2007
    
176,550,000
      
176,550,000
  
           Total Other
              
604,539,725
      
604,539,725
  
           Total Short-Term Money Market Instruments
              
1,283,428,650
      
1,283,428,650
  

 

See accompanying notes to schedule of assets on page 20.
(continued)
    
   

- 13 -


GE SAVINGS AND SECURITY PROGRAM

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

As of December 31, 2006

Description
  
Rate of Interest
 
  Maturity
  
* Cost
    
Market
    
U.S. Government and Agency Debt Obligations
                      
      Federal Home Loan Bank System
     5.410 %
12/28/2007
   $
49,020,000
     $
49,020,000
    
      Federal Home Loan Mortgage Corporation
    
3.250
  
07/15/2023
    
5,253,784
      
5,212,634
    
      Federal Home Loan Mortgage Corporation
    
3.500
  
11/15/2013
    
16,097,175
      
16,187,944
    
      Federal Home Loan Mortgage Corporation
    
3.500
  
01/15/2022
    
16,063,072
      
16,047,611
    
      Federal Home Loan Mortgage Corporation
    
3.500
  
05/15/2022
    
14,538,098
      
14,484,955
    
      Federal Home Loan Mortgage Corporation
    
3.500
  
05/15/2026
    
11,549,170
      
11,442,382
    
      Federal Home Loan Mortgage Corporation
    
4.000
  
08/15/2018
    
17,159,757
      
17,280,534
    
      Federal Home Loan Mortgage Corporation
    
4.000
  
08/15/2029
    
12,978,473
      
12,724,184
    
      Federal Home Loan Mortgage Corporation
    
5.000
  
11/15/2012
    
17,973
      
21,030
  
 (b)
      Federal Home Loan Mortgage Corporation
    
5.000
  
04/01/2013
    
17,389,298
      
16,346,407
    
      Federal Home Loan Mortgage Corporation
    
5.000
  
12/15/2020
    
6,803,158
      
6,635,142
    
      Federal Home Loan Mortgage Corporation
    
5.000
  
11/15/2022
    
8,933,906
      
8,954,392
    
      Federal Home Loan Mortgage Corporation
    
5.250
  
08/15/2011
    
16,488,848
      
16,484,023
    
      Federal Home Loan Mortgage Corporation
    
5.500
  
01/15/2020
    
13,536,230
      
13,515,363
    
      Federal Home Loan Mortgage Corporation
    
5.500
  
02/15/2027
    
16,706,307
      
16,716,343
    
      Federal Home Loan Mortgage Corporation
    
5.500
  
04/15/2027
    
15,372,216
      
15,377,703
    
      Federal Home Loan Mortgage Corporation
    
5.750
  
07/15/2011
    
13,565,363
      
13,553,951
    
      Federal Home Loan Mortgage Corporation
    
6.000
  
12/01/2008
    
1,432
      
1,471
    
      Federal Home Loan Mortgage Corporation
    
6.000
  
10/15/2013
    
14,589
      
100,275
  
 (b)
      Federal Home Loan Mortgage Corporation
    
6.000
  
10/15/2013
    
13,246
      
100,234
  
 (b)
      Federal Home Loan Mortgage Corporation
    
6.000
  
10/01/2017
    
331,613
      
320,612
    
      Federal Home Loan Mortgage Corporation
    
6.000
  
12/01/2018
    
160,274
      
156,267
    
      Federal Home Loan Mortgage Corporation
    
6.000
  
09/01/2019
    
554,651
      
541,008
    
      Federal Home Loan Mortgage Corporation
    
6.000
  
10/01/2021
    
950,159
      
947,962
    
      Federal Home Loan Mortgage Corporation
    
6.000
  
10/01/2021
    
1,760,744
      
1,756,673
    
      Federal Home Loan Mortgage Corporation
    
6.000
  
11/01/2021
    
1,537,856
      
1,533,828
    
      Federal Home Loan Mortgage Corporation
    
6.000
  
11/01/2021
    
932,473
      
930,317
    
      Federal Home Loan Mortgage Corporation
    
6.000
  
11/15/2023
    
17,366,411
      
16,933,472
    
      Federal Home Loan Mortgage Corporation
    
6.000
  
03/15/2026
    
11,425,821
      
11,469,945
    
      Federal Home Loan Mortgage Corporation
    
6.500
  
05/01/2013
    
666,164
      
641,794
    
      Federal Home Loan Mortgage Corporation
    
6.500
  
05/01/2036
    
5,024,609
      
5,049,635
    
      Federal Home Loan Mortgage Corporation
    
6.500
  
05/01/2036
    
1,679,070
      
1,687,433
    
      Federal Home Loan Mortgage Corporation
    
7.000
  
03/15/2007
    
53,441
      
50,769
    
      Federal Home Loan Mortgage Corporation
    
7.000
  
10/01/2023
    
20,137
      
19,736
    
      Federal Home Loan Mortgage Corporation
    
7.000
  
11/01/2031
    
175,300
      
170,593
    
      Federal Home Loan Mortgage Corporation
    
7.000
  
04/01/2032
    
578,717
      
558,857
    
      Federal Home Loan Mortgage Corporation
    
7.000
  
04/01/2032
    
574,509
      
554,875
    
      Federal Home Loan Mortgage Corporation
    
7.000
  
06/01/2032
    
301,899
      
292,138
    
      Federal Home Loan Mortgage Corporation
    
7.000
  
04/01/2036
    
1,346,254
      
1,337,966
    
      Federal Home Loan Mortgage Corporation
    
7.000
  
04/01/2036
    
2,719,473
      
2,698,647
    
      Federal Home Loan Mortgage Corporation
    
7.500
  
11/01/2008
    
1,222
      
1,179
    
      Federal Home Loan Mortgage Corporation
    
7.500
  
01/01/2016
    
898,804
      
897,720
    
      Federal Home Loan Mortgage Corporation
    
7.500
  
01/01/2027
    
617,213
      
608,314
    
                             

See accompanying notes to schedule of assets on page 20.
(continued)
  

- 14 -


GE SAVINGS AND SECURITY PROGRAM

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

As of December 31, 2006

Description
  
Rate of Interest
  
  Maturity
  
* Cost
    
Market
        
U.S. Government and Agency Debt Obligations, continued
                          
      Federal Home Loan Mortgage Corporation
     7.500 %
01/01/2027
   $
103,387
     $
100,736
        
      Federal Home Loan Mortgage Corporation
    
8.000
  
05/01/2031
    
33,261
      
32,913
        
      Federal Home Loan Mortgage Corporation
    
8.500
  
03/01/2027
    
122,054
      
118,996
        
      Federal Home Loan Mortgage Corporation
    
9.250
  
12/01/2016
    
193,674
      
176,761
        
      Federal Home Loan Mortgage Corp. - DCS Notes
    
5.120
  
01/18/2007
    
37,422,675
      
37,422,675
    
(a
 ) 
      Federal National Mortgage Association
    
15.490
  
05/25/2018
    
153,861
      
96,024
       (a,b )
      Federal National Mortgage Association
    
1.408
  
07/25/2044
    
6,586,284
      
2,371,521
       (a,b )
      Federal National Mortgage Association
    
3.854
  
07/01/2033
    
7,684,156
      
7,474,985
          
      Federal National Mortgage Association
    
4.014
  
06/01/2033
    
3,788,838
      
3,594,806
          
      Federal National Mortgage Association
    
4.048
  
06/01/2033
    
3,515,493
      
3,369,676
          
      Federal National Mortgage Association
    
4.133
  
07/01/2033
    
5,565,714
      
5,331,232
          
      Federal National Mortgage Association
    
4.336
  
05/01/2033
    
4,590,997
      
4,434,915
          
      Federal National Mortgage Association
    
4.427
  
06/01/2033
    
1,826,846
      
1,772,199
          
      Federal National Mortgage Association
    
4.500
  
09/25/2016
    
7,288,831
      
7,167,739
          
      Federal National Mortgage Association
    
4.500
  
07/25/2028
    
12,590,997
      
12,650,966
          
      Federal National Mortgage Association
    
4.500
  
06/25/2043
    
2,315,166
      
2,254,976
          
      Federal National Mortgage Association
    
4.649
  
12/01/2032
    
1,279,461
      
1,267,367
          
      Federal National Mortgage Association
    
5.000
  
08/25/2029
    
3,438,013
      
3,430,358
          
      Federal National Mortgage Association
    
5.142
  
06/01/2033
    
1,185,401
      
1,164,727
          
      Federal National Mortgage Association
    
5.232
  
06/01/2033
    
796,193
      
793,338
          
      Federal National Mortgage Association
    
5.442
  
07/01/2033
    
668,814
      
666,695
          
      Federal National Mortgage Association
    
5.500
  
06/25/2025
    
3,883,860
      
3,899,742
          
      Federal National Mortgage Association
    
5.500
  
08/25/2027
    
12,843,486
      
12,867,928
          
      Federal National Mortgage Association
    
5.500
  
02/25/2031
    
6,591,246
      
6,594,568
          
      Federal National Mortgage Association
    
5.500
  
02/25/2035
    
4,852,616
      
4,710,448
          
      Federal National Mortgage Association
    
5.580
  
05/01/2033
    
842,218
      
825,976
          
      Federal National Mortgage Association
    
5.645
  
06/01/2033
    
1,334,929
      
1,303,019
          
      Federal National Mortgage Association
    
6.000
  
03/01/2012
    
2,553,035
      
2,519,702
          
      Federal National Mortgage Association
    
6.000
  
03/01/2012
    
512,960
      
506,883
          
      Federal National Mortgage Association
    
6.000
  
02/01/2018
    
871,079
      
838,369
          
      Federal National Mortgage Association
    
6.000
  
11/01/2018
    
653,193
      
628,385
          
      Federal National Mortgage Association
    
6.000
  
12/01/2019
    
1,309,994
      
1,266,578
          
      Federal National Mortgage Association
    
6.000
  
03/01/2020
    
3,247,090
      
3,162,136
          
      Federal National Mortgage Association
    
6.000
  
09/25/2027
    
15,659,311
      
15,621,680
          
      Federal National Mortgage Association
    
6.000
  
08/25/2028
    
12,972,427
      
12,413,849
          
      Federal National Mortgage Association
    
6.000
  
04/01/2033
    
288,954
      
279,695
          
      Federal National Mortgage Association
    
6.500
  
05/01/2017
    
604,458
      
583,219
          
      Federal National Mortgage Association
    
6.500
  
10/01/2017
    
144,657
      
140,464
          
      Federal National Mortgage Association
    
6.500
  
12/01/2019
    
1,262,086
      
1,218,304
          
      Federal National Mortgage Association
    
6.500
  
08/01/2022
    
600,959
      
585,146
          
      Federal National Mortgage Association
    
6.500
  
11/01/2023
    
1,046,956
      
1,023,601
          
      Federal National Mortgage Association
    
6.500
  
04/01/2033
    
469,327
      
456,044
          
      Federal National Mortgage Association
    
6.500
  
05/01/2033
    
696,837
      
674,424
          
      Federal National Mortgage Association
    
6.500
  
12/25/2034
    
14,343,681
      
13,830,921
          
                                   

See accompanying notes to schedule of assets on page 20.
(continued)
  

- 15 -


GE SAVINGS AND SECURITY PROGRAM

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

As of December 31, 2006

Description
  
Rate of Interest
  
  Maturity
  
* Cost
    
Market
  
U.S. Government and Agency Debt Obligations, continued
                    
      Federal National Mortgage Association
     6.500 %
03/01/2035
   $
1,288,562
     $
1,255,638
  
      Federal National Mortgage Association
    
6.500
  
11/01/2035
    
3,276,865
      
3,306,733
  
      Federal National Mortgage Association
    
7.000
  
04/01/2011
    
139,206
      
130,856
  
      Federal National Mortgage Association
    
7.000
  
02/01/2017
    
145,508
      
142,262
  
      Federal National Mortgage Association
    
7.000
  
03/01/2017
    
558,052
      
545,765
  
      Federal National Mortgage Association
    
7.000
  
03/01/2017
    
233,555
      
226,359
  
      Federal National Mortgage Association
    
7.000
  
03/01/2017
    
98,927
      
95,767
  
      Federal National Mortgage Association
    
7.000
  
03/01/2017
    
217,289
      
210,347
  
      Federal National Mortgage Association
    
7.000
  
04/01/2017
    
515,252
      
503,907
  
      Federal National Mortgage Association
    
7.000
  
04/01/2017
    
444,316
      
430,628
  
      Federal National Mortgage Association
    
7.000
  
04/01/2017
    
109,987
      
106,598
  
      Federal National Mortgage Association
    
7.000
  
05/01/2017
    
216,892
      
210,238
  
      Federal National Mortgage Association
    
7.000
  
05/01/2017
    
325,717
      
314,151
  
      Federal National Mortgage Association
    
7.000
  
07/01/2017
    
1,096,231
      
1,063,242
  
      Federal National Mortgage Association
    
7.000
  
07/01/2017
    
384,344
      
372,064
  
      Federal National Mortgage Association
    
7.000
  
02/01/2019
    
23,475
      
22,726
  
      Federal National Mortgage Association
    
7.000
  
03/01/2029
    
155,522
      
155,093
  
      Federal National Mortgage Association
    
7.000
  
06/01/2031
    
135,649
      
131,873
  
      Federal National Mortgage Association
    
7.000
  
10/01/2031
    
589,249
      
588,309
  
      Federal National Mortgage Association
    
7.000
  
01/01/2032
    
119,007
      
115,482
  
      Federal National Mortgage Association
    
7.000
  
10/01/2032
    
168,542
      
162,591
  
      Federal National Mortgage Association
    
7.000
  
04/01/2033
    
582,582
      
563,563
  
      Federal National Mortgage Association
    
7.000
  
11/01/2033
    
926,468
      
893,858
  
      Federal National Mortgage Association
    
7.000
  
03/01/2034
    
276,805
      
265,853
  
      Federal National Mortgage Association
    
7.000
  
06/01/2034
    
543,486
      
528,788
  
      Federal National Mortgage Association
    
7.000
  
01/01/2035
    
473,804
      
461,948
  
      Federal National Mortgage Association
    
7.000
  
05/01/2035
    
901,235
      
879,029
  
      Federal National Mortgage Association
    
7.000
  
05/01/2035
    
964,212
      
941,852
  
      Federal National Mortgage Association
    
7.000
  
01/01/2036
    
1,164,177
      
1,154,635
  
      Federal National Mortgage Association
    
7.000
  
04/01/2036
    
2,237,155
      
2,231,494
  
      Federal National Mortgage Association
    
7.500
  
04/01/2016
    
109,061
      
105,759
  
      Federal National Mortgage Association
    
7.500
  
11/01/2021
    
235,964
      
228,493
  
      Federal National Mortgage Association
    
7.500
  
11/01/2022
    
194,609
      
193,421
  
      Federal National Mortgage Association
    
7.500
  
03/01/2023
    
47,372
      
46,454
  
      Federal National Mortgage Association
    
7.500
  
01/01/2025
    
379,777
      
375,430
  
      Federal National Mortgage Association
    
7.500
  
05/01/2026
    
207,307
      
205,362
  
      Federal National Mortgage Association
    
7.500
  
07/01/2027
    
390,251
      
385,790
  
      Federal National Mortgage Association
    
7.500
  
10/01/2030
    
145,571
      
140,444
  
      Federal National Mortgage Association
    
7.500
  
01/01/2031
    
90,831
      
89,898
  
      Federal National Mortgage Association
    
7.500
  
02/01/2031
    
229,147
      
226,030
  
      Federal National Mortgage Association
    
7.500
  
01/01/2032
    
246,184
      
241,988
  
      Federal National Mortgage Association
    
7.500
  
04/01/2032
    
287,586
      
283,481
  
      Federal National Mortgage Association
    
7.500
  
04/01/2032
    
344,793
      
339,871
  
      Federal National Mortgage Association
    
7.500
  
06/01/2032
    
292,751
      
283,103
  
                           

See accompanying notes to schedule of assets on page 20.
(continued)
  

- 16 -


GE SAVINGS AND SECURITY PROGRAM

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

As of December 31, 2006

Description
  
Rate of Interest
  
  Maturity
  
* Cost
    
Market
  
U.S. Government and Agency Debt Obligations, continued
                    
      Federal National Mortgage Association
     7.500 %
07/01/2032
   $
221,007
     $
216,118
  
      Federal National Mortgage Association
    
7.500
  
04/01/2033
    
161,116
      
155,480
  
      Federal National Mortgage Association
    
7.500
  
11/01/2033
    
196,099
      
189,543
  
      Federal National Mortgage Association
    
7.500
  
03/01/2034
    
1,419,145
      
1,360,367
  
      Federal National Mortgage Association
    
7.500
  
03/01/2034
    
851,199
      
822,144
  
      Federal National Mortgage Association
    
7.500
  
05/01/2034
    
816,895
      
786,928
  
      Federal National Mortgage Association
    
8.000
  
07/01/2009
    
115,952
      
107,815
  
      Federal National Mortgage Association
    
8.000
  
03/01/2032
    
304,092
      
300,529
  
      Federal National Mortgage Association
    
8.000
  
05/01/2032
    
75,715
      
74,708
  
      Federal National Mortgage Association
    
8.000
  
11/01/2033
    
307,409
      
300,067
  
      Federal National Mortgage Association
    
8.500
  
06/01/2028
    
441,737
      
434,612
  
      Federal National Mortgage Association
    
8.500
  
08/01/2029
    
779,884
      
767,560
  
      Federal National Mortgage Association
    
8.500
  
08/01/2030
    
154,257
      
149,949
  
      Federal National Mortgage Association
    
9.000
  
08/01/2010
    
210,230
      
199,594
  
      Federal National Mortgage Association
    
9.000
  
03/01/2011
    
1,400,953
      
1,405,767
  
      Federal National Mortgage Association
    
9.000
  
12/01/2031
    
198,929
      
201,033
  
      Federal National Mortgage Association
    
9.500
  
09/01/2021
    
271,824
      
255,932
  
      Government National Mortgage Association
    
6.000
  
06/15/2025
    
625,879
      
615,330
  
      Government National Mortgage Association
    
6.000
  
06/15/2026
    
999,274
      
983,247
  
      Government National Mortgage Association
    
6.000
  
01/15/2035
    
798,524
      
781,374
  
      Government National Mortgage Association
    
6.000
  
04/15/2035
    
951,702
      
931,447
  
      Government National Mortgage Association
    
6.000
  
06/15/2035
    
838,915
      
821,928
  
      Government National Mortgage Association
    
6.000
  
07/15/2035
    
591,426
      
579,100
  
      Government National Mortgage Association
    
6.500
  
11/15/2016
    
569,723
      
546,705
  
      Government National Mortgage Association
    
6.500
  
04/15/2017
    
210,463
      
201,900
  
      Government National Mortgage Association
    
6.500
  
03/15/2024
    
621,721
      
596,949
  
      Government National Mortgage Association
    
6.500
  
12/15/2024
    
1,244,658
      
1,210,342
  
      Government National Mortgage Association
    
6.500
  
05/15/2026
    
1,196,298
      
1,207,122
  
      Government National Mortgage Association
    
6.500
  
12/15/2029
    
405,542
      
395,005
  
      Government National Mortgage Association
    
6.500
  
03/15/2033
    
287,353
      
277,823
  
      Government National Mortgage Association
    
6.500
  
10/15/2033
    
708,184
      
685,390
  
      Government National Mortgage Association
    
6.500
  
11/15/2033
    
615,434
      
595,362
  
      Government National Mortgage Association
    
6.500
  
01/15/2034
    
1,397,131
      
1,350,965
  
      Government National Mortgage Association
    
6.500
  
01/15/2034
    
885,337
      
856,083
  
      Government National Mortgage Association
    
6.500
  
02/15/2034
    
788,256
      
757,292
  
      Government National Mortgage Association
    
6.500
  
04/15/2034
    
853,271
      
841,303
  
      Government National Mortgage Association
    
6.500
  
04/15/2035
    
870,045
      
846,412
  
      Government National Mortgage Association
    
6.500
  
05/15/2035
    
1,003,271
      
976,163
  
      Government National Mortgage Association
    
6.500
  
05/15/2035
    
844,900
      
823,169
  
      Government National Mortgage Association
    
6.500
  
06/15/2035
    
1,010,125
      
984,144
  
      Government National Mortgage Association
    
6.500
  
07/15/2035
    
953,537
      
929,012
  
      Government National Mortgage Association
    
6.500
  
07/15/2035
    
1,144,723
      
1,114,950
  
      Government National Mortgage Association
    
6.500
  
09/15/2035
    
851,252
      
833,190
  
      Government National Mortgage Association
    
6.500
  
09/15/2035
    
973,837
      
954,454
  
                           

See accompanying notes to schedule of assets on page 20.
(continued)
  

- 17 -


GE SAVINGS AND SECURITY PROGRAM

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

As of December 31, 2006

Description
  
Rate of Interest
  
  Maturity
  
* Cost
    
Market
  
U.S. Government and Agency Debt Obligations, continued
                    
      Government National Mortgage Association
     7.000 %
12/15/2018
   $
498,464
     $
476,498
  
      Government National Mortgage Association
    
7.000
  
11/15/2023
    
362,896
      
350,731
  
      Government National Mortgage Association
    
7.000
  
03/15/2031
    
336,664
      
331,160
  
      Government National Mortgage Association
    
7.000
  
05/15/2032
    
464,187
      
456,211
  
      Government National Mortgage Association
    
7.000
  
11/15/2032
    
263,141
      
255,241
  
      Government National Mortgage Association
    
7.500
  
02/15/2009
    
246,798
      
246,241
  
      Government National Mortgage Association
    
7.500
  
12/15/2012
    
1,694,021
      
1,725,564
  
      Government National Mortgage Association
    
7.500
  
12/15/2018
    
546,286
      
527,549
  
      Government National Mortgage Association
    
7.500
  
11/15/2027
    
190,083
      
183,126
  
      Government National Mortgage Association
    
7.500
  
01/15/2031
    
298,346
      
295,045
  
      Government National Mortgage Association
    
7.500
  
01/15/2031
    
594,956
      
588,374
  
      Government National Mortgage Association
    
7.500
  
03/15/2031
    
67,055
      
66,313
  
      Government National Mortgage Association
    
7.500
  
05/15/2031
    
615,886
      
609,073
  
      Government National Mortgage Association
    
7.500
  
07/15/2031
    
406,523
      
402,026
  
      Government National Mortgage Association
    
7.500
  
09/15/2031
    
356,009
      
352,071
  
      Government National Mortgage Association
    
9.000
  
08/15/2009
    
346,514
      
328,772
  
      Government National Mortgage Association
    
9.000
  
12/15/2009
    
988,594
      
941,783
  
      Government National Mortgage Association
    
9.000
  
12/15/2009
    
3,944,924
      
3,852,488
  
      Government National Mortgage Association
    
9.000
  
11/15/2017
    
2,274,782
      
2,241,538
  
      Government National Mortgage Association
    
9.500
  
12/15/2009
    
202,773
      
194,151
  
      Government National Mortgage Association
    
9.500
  
12/15/2009
    
1,206,654
      
1,146,795
  
      Government National Mortgage Association
    
9.500
  
12/15/2009
    
217,025
      
207,978
  
      U.S. Treasury Notes
    
3.125
  
05/15/2007
    
8,536,690
      
8,465,069
  
      U.S. Treasury Notes
    
3.875
  
05/15/2010
    
15,072,858
      
14,617,950
  
      U.S. Treasury Notes
    
4.375
  
12/31/2007
    
103,245,723
      
102,857,263
  
      U.S. Treasury Notes
    
4.875
  
05/31/2008
    
7,989,026
      
7,996,400
  
      U.S. Treasury Notes
    
4.625
  
10/31/2011
    
61,610,852
      
61,452,255
  
      U.S. Treasury Notes
    
4.625
  
11/15/2009
    
51,969,575
      
51,811,492
  
Total U.S. Government and Agency Debt Obligations
        
806,142,188
      
794,571,641
  
                           

See accompanying notes to schedule of assets on page 20.
(continued)
  

- 18 -


GE SAVINGS AND SECURITY PROGRAM

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

As of December 31, 2006

Description
  
Units
    
* Cost
    
Market
  
U.S. Savings Bonds
                  
      1977 U.S. Savings Bond E Series
    
3,876
     $
72,675
     $
515,538
  
      1978 U.S. Savings Bond E Series
    
5,947
      
111,507
      
607,057
  
      1979 U.S. Savings Bond E Series
    
9,223
      
172,931
      
903,615
  
      1980 U.S. Savings Bond EE Series
    
4,221
      
211,050
      
1,196,776
  
      1981 U.S. Savings Bond EE Series
    
4,502
      
225,100
      
1,108,493
  
      1982 U.S. Savings Bond EE Series
    
5,040
      
252,000
      
1,168,515
  
      1983 U.S. Savings Bond EE Series
    
8,822
      
441,100
      
1,667,856
  
      1984 U.S. Savings Bond EE Series
    
10,103
      
505,150
      
1,726,723
  
      1985 U.S. Savings Bond EE Series
    
15,398
      
769,900
      
2,510,144
  
      1986 U.S. Savings Bond EE Series
    
48,340
      
2,417,000
      
7,451,808
  
      1987 U.S. Savings Bond EE Series
    
51,838
      
2,591,900
      
7,019,261
  
      1988 U.S. Savings Bond EE Series
    
60,168
      
3,008,400
      
7,834,271
  
      1989 U.S. Savings Bond EE Series
    
88,425
      
4,421,250
      
11,061,382
  
      1990 U.S. Savings Bond EE Series
    
90,552
      
4,527,600
      
10,884,157
  
      1991 U.S. Savings Bond EE Series
    
95,456
      
4,772,800
      
11,036,205
  
      1992 U.S. Savings Bond EE Series
    
142,675
      
7,133,750
      
15,840,533
  
      1993 U.S. Savings Bond EE Series
    
102,682
      
5,134,100
      
9,444,687
  
      1994 U.S. Savings Bond EE Series
    
82,376
      
4,118,800
      
6,967,067
  
      1995 U.S. Savings Bond EE Series
    
32,623
      
1,631,150
      
2,633,818
  
      1996 U.S. Savings Bond EE Series
    
146
      
7,300
      
10,709
  
      1997 U.S. Savings Bond EE Series
    
249
      
12,450
      
18,171
  
      1998 U.S. Savings Bond EE Series
    
444
      
22,200
      
31,026
  
      1999 U.S. Savings Bond EE Series
    
706
      
35,300
      
47,126
  
      2000 U.S. Savings Bond EE Series
    
924
      
46,200
      
58,753
  
      2001 U.S. Savings Bond EE Series
    
1,095
      
54,750
      
66,050
  
      2002 U.S. Savings Bond EE Series
    
1,485
      
74,250
      
84,862
  
      2003 U.S. Savings Bond EE Series
    
2,253
      
112,650
      
124,307
  
      2004 U.S. Savings Bond EE Series
    
223,117
      
11,155,850
      
11,998,432
  
      2005 U.S. Savings Bond EE Series
    
228,513
      
11,425,650
      
11,914,925
  
      2006 U.S. Savings Bond EE Series
    
224,434
      
11,221,700
      
11,221,700
  
           Total U.S. Savings Bonds
            
76,686,463
      
137,153,967
  
                         

See accompanying notes to schedule of assets on page 20.
(continued)
  

- 19 -


GE SAVINGS AND SECURITY PROGRAM

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

As of December 31, 2006

Description
  
Rate of Interest
  
  Maturity
  
* Cost
    
Market
    
Corporate Notes
                      
      American Express Credit Corporation
     5.450 %
03/05/2008
   $
23,030,026
     $
23,030,026
    
      American Express Bank
    
5.430
  
11/21/2007
    
8,007,861
      
8,007,861
    
      Canadian Imperial Bank
    
5.330
  
12/23/2010
    
42,770,000
      
42,770,000
    
      Goldman Sachs Group LP
    
5.475
  
09/14/2007
    
46,049,520
      
46,049,520
    
      Greenwich Capital Commercial Funding Corporation
    
5.310
  
02/13/2007
    
40,360,000
      
40,360,000
    
      HSBC Finance Corporation
    
5.409
  
07/01/2007
    
42,464,540
      
42,464,540
    
      Morgan Stanley
    
5.370
  
02/02/2007
    
44,400,000
      
44,400,000
    
      Societe Generale
    
5.295
  
02/22/2007
    
49,050,000
      
49,050,000
    
           Total Corporate Notes
              
296,131,947
      
296,131,947
    
                             
Loans to Participants
                            
         
1 month -
                  
**  Various (63,609 loans)
    
5.350 – 8.410
  
15 years
    
455,632,075
      
455,632,075
    
                             
Loans Secured by Mortgages and Other Assets
                            
      Bank of America Alternative Loan Trust (Class 4)
    
6.500
  
06/25/2035
    
3,300,915
      
3,201,171
    
      CPS Auto Trust (Class A)
    
7.620
  
07/16/2011
    
1,421,145
      
1,423,055
    
      First Union National Bank Commercial Mortgage (Class I)
    
10.180
  
10/15/2032
    
4,000,442
      
4,322,666
    
      Greenwich Capital Commercial Funding Corporation
    
4.820
  
11/05/2013
    
1,380,877
      
1,347,214
    
      GRP/AG Real Estate Asset Trust (Class A)
    
4.850
  
01/25/2035
    
2,215,057
      
2,215,071
    
      JP Morgan Chase Commercial Mortgage Securities Corp.
    
5.160
  
07/15/2042
    
1,514,151
      
1,478,932
  
 (a)
      LB Commercial Conduit Mortgage Trust (Class B)
    
6.360
  
10/15/2035
    
7,338,797
      
7,012,273
    
      LB-UBS Commercial Mortgage Trust
    
4.260
  
07/15/2035
    
1,462,015
      
1,440,202
    
      LB-UBS Commercial Mortgage Trust
    
4.730
  
10/17/2013
    
2,651,610
      
1,917,850
  
 (a)
      Morgan Stanley Capital I
    
5.370
  
04/15/2038
    
2,474,582
      
2,121,245
  
 (a)
      Morgan Stanley Capital I (Class X)
    
5.100
  
12/15/2041
    
2,728,227
      
2,754,159
  
 (a)
      Security National Asset Sec Series Trust (Class A)
    
6.355
  
12/25/2035
    
6,844,306
      
6,844,338
    
           Total Loans Secured by Mortgages and Other Assets
              
37,332,124
      
36,078,176
    
                             
Other
                            
**  Cash
              
3,605
      
3,605
    
                             
          Total Investments
             $
20,270,244,144
     $
26,340,576,875
    
                             
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

- 20 -