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Thursday 11 January, 2001

General Electric

Share Repurchase Program

General Electric Company
11 January 2001

General Electric Company

Honeywell Shareowners Approve Deal
GE Resumes and Accelerates $22 Billion Share Repurchase Program

Fairfield, Conn.  11 January 2001 - GE announced today that they have launched
an accelerated share repurchase program.  GE has purchased $17.4 billion from
the program's inception in December 1994.  The Board of Directors has
previously authorised a $22 billion share repurchase program.

GE was required to suspend the repurchase of its own stock during the
solicitation of approval by Honeywell shareowners, which began 4 December
2000.  Today Honeywell shareowners have overwhelmingly approved the
GE/Honeywell transaction.

'We are pleased the Honeywell shareowners have approved the proposed
transaction and we are resuming, at a higher level, the purchase of GE
shares', said GE Chairman and CEO John F Welch.