Recipients of the 1998 President’s Performance Award with GE Capital corporate leaders are: top row (left to right): Mike Neal, office of the president, GE Capital; Mike Frazier, GE Financial Assurance; Nils Albert, European Equipment Finance. Second row from top (left to right): Henry Hubschman, GE Capital Aviation Services; Kaj Ahlmann, Employers Reinsurance Corporation; Steve Bennett, Vendor Financial Services; Thom Mann, Mortgage Corporation. Bottom row (left to right): James Parke, chief financial officer and office of the president, GE Capital; Robert Lewis, Structured Finance Group; Steve Kluger, Capital Market Services; Dave Nissen, Global Consumer Finance; Gary Wendt; Denis Nayden, president and chief executive officer, GE Capital Corporation; Dennis Dammerman, chairman and chief executive officer, GE Capital Services; Mike Guadino, Commercial Finance; Glenn Messina, Mortgage Insurance Services; Nigel Andrews, office of the president, GE Capital.

At GE Capital Services’ leadership meeting January 6-8, eight businesses received the 1998 President’s Performance Award. The winners are: Structured Finance Group GE Mortgage Corporation – Insurance and Services GE Aviation Services GE Financial Assurance Commercial Finance Employers Reinsurance Global Consumer Finance Vendor Financial Services and European Equipment Financing

The award is given based on the following criteria:

• Adopting and implementing objectives consistent with their business’ strengths and its position within the environment

• Embracing customer service and value added product offerings as the cornerstone of the business’ viability

• Taking advantage of change to produce new opportunities for growth and profits

• Providing a work environment which challenges each individual to realize their full potential and emphasis on cultural diversity

• Producing growth in business on a worldwide scope and profits which verify value today and optimism for tomorrow

• Living and breathing quality as a cost advantage and differentiating marketplace value

A special award was given to Capital Markets Services for operating in a boundaryless fashion and making significant contributions to the businesses. Also, a President’s Performance Award was presented to Gary Wendt, who left GE Capital at the end of 1998, following nearly 24 years with the organization. He is credited with leading the expansion of GE Capital into becoming one of the most respected and successful financial services businesses in the world.