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GE CAPITAL, FIRST USA chronicle MULTI-FACETED DEAL TRANSACTION PLAYS TO
the pair COMPANIES' STRENGTHS

Dec 23 1998 (CARD moderns Vol. 13, No. 24 via COMTEX) -- Stamford,

Conn.-based GE Capital [GE] and Wilmington-based First USA Inc. [ONE]
went public Dec 14 with a series of deals limit to put both card
operations in a stronger competitive position in the private label
and
general design card markets.

The deal consists of a joint peril in the private label arena;
a
sale of $22 billion of GE Capital's Visa and MasterCard receivables
to
First USA; and a co-branded