<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>4
<FILENAME>ex10x.txt
<DESCRIPTION>EXHIBIT 10(X)
<TEXT>
                                                                   EXHIBIT 10(x)

                            GENERAL ELECTRIC COMPANY
                   2001 EXECUTIVE OFFICER DEFERRED SALARY PLAN


I.   ELIGIBILITY
----------------

     To maximize the ability of General Electric Company ("Company") to obtain a
federal tax deduction for  compensation to be paid to its Executive  Officers in
2001, each Executive Officer of the Company who is expected to be paid more than
$1 million in base salary  compensation in 2001 shall be eligible to participate
in this Plan.

II.  DEFERRAL OF SALARY
-----------------------

     1.   Each   Executive   Officer   eligible  to  participate  in  this  Plan
          ("Participant")  shall be given an opportunity  to irrevocably  elect,
          prior to any deferral hereunder:

          (a)  the   portion   (minimum   of  10%,   maximum  of  100%)  of  the
               Participant's 2001 base salary to be deferred, and

          (b)  the form of payout alternative as set forth in Section V.

2.   Commencing  with base salary  earned for January  2001,  the  Participant's
     total base salary  elected to be deferred  under this Plan will be deferred
     in ratable  installments  through the month of December  2001,  and will be
     credited  to the  Participant's  deferred  salary cash  account  ("Deferred
     Account") as of the end of the month of deferral ("Deferral Date").

III. SPECIAL ONE-TIME MATCHING MAKE-UP CREDIT
---------------------------------------------

     As of December  31, 2001,  a special  one-time  credit shall be made to the
Deferred Account of each Participant who is actively  employed by the Company on
such date to make up for the matching  Company payment that would otherwise have
been available under the Company's Savings and Security  Program.  The amount of
such credit shall equal 3.5% of the total 2001 base salary  deferred  under this
Plan by the Participant (excluding interest).  Such credit shall not be provided
for any  Participant  who has  terminated  employment  with the  Company for any
reason prior to December 31, 2001, or is not actively employed on such date.

IV.  MANNER OF ACCOUNTING
-------------------------

     1.   Each Deferred Account shall be unfunded,  unsecured and nonassignable,
          and shall not be a trust for the benefit of any Participant.

     2.   Except  as may  be  otherwise  provided  in  Section  V or  VIII,  the
          Participant's Deferred Account will be credited with (a) the amount of
          base salary deferred on each Deferral Date as set forth in Section II.
          2.,  the  special  one-time  matching  make-up  credit as set forth in
          Section  III,  and (c)  interest at the annual rate of 12%  compounded
          annually on each December 31.

V.   PAYMENT OF DEFERRED ACCOUNT
--------------------------------

     1.   Payment of a  Participant's  Deferred  Account will be made only after
          termination of employment of the Participant.

     2.   If no manner of payment election is made, the Deferred Account will be
          paid  in 10  annual  installments  commencing  on  March 1 (or as soon
          thereafter  as  practical)   following  the  year  of  termination  of
          employment.

<PAGE>


     3.   At the time of  election  to defer  base  salary,  a  Participant  may
          irrevocably  elect:  (a) the  number  of  annual  payout  installments
          (minimum of 10, maximum of 20) of the Deferred  Account  commencing on
          March 1 (or as soon  thereafter  as  practical)  following the year of
          termination  of  employment,  unless  (b) a lump  sum  payment  of the
          Deferred Account is elected in which case the lump sum payment will be
          made on March 1 (or as soon  thereafter  as  practical)  following the
          year of termination of employment.

     4.   Participants  who terminate their  employment on or after December 31,
          2001 because of retirement,  death or disability,  or Participants who
          terminate  their  employment  on or after  December  31,  2005 for any
          reason,  will receive payouts based on Deferred Account  accumulations
          at the 12% interest  rate.  Payments  will be made pursuant to Section
          V.2 or V.3  above  beginning  on  March  1 (or as soon  thereafter  as
          practical) following the year of termination of employment.

     5.   Unless waived by the Management Development and Compensation Committee
          of the Board of  Directors  ("MDCC"),  if the  Participant  terminates
          employment  prior to December  31,  2001 for any  reason,  or prior to
          December  31, 2005 for any reason  other than  retirement,  death,  or
          disability,  the Participant's Deferred Account will be paid in a lump
          sum as soon as practical following the date of termination, along with
          simple interest  credited at an annual rate of 3% rather than the rate
          specified in Section IV.

VI.  DEATH BENEFITS
-------------------

     In the  event  of a  Participant's  death  prior  to  receiving  any or all
payments to which the Participant is entitled,  the remaining  Deferred  Account
shall  be paid at the  time  and in the  manner  provided  in  Section  V to the
beneficiary  or  beneficiaries  designated by the  Participant  on a beneficiary
designation form properly file by the Participant with the Company in accordance
with established  administrative  procedures.  If no such designated beneficiary
survives the  Participant,  such  remaining  benefits shall be paid as set forth
above to the Participant's estate.

VII. ADMINISTRATION AND INTERPRETATION
--------------------------------------

     This Plan shall be  administered  by the MDCC,  which shall have full power
and authority on behalf of the Company to  administer  and interpret the Plan in
its sole discretion.  All MDCC decisions with respect to the  administration and
interpretation of the Plan shall be final and binding upon all persons.

VIII. AMENDMENT OF THE PLAN
---------------------------

     This Plan may be amended,  suspended or terminated at any time by the MDCC.
In  addition,  the MDCC may alter or amend the payout  schedule of any or all of
the accrued benefits of a Participant at any time.

IX.  EFFECTIVE DATE
-------------------

     The effective date of this Plan shall be January 1, 2001.


</TEXT>
</DOCUMENT>
