<SEC-DOCUMENT>0001140361-14-030942.txt : 20140806
<SEC-HEADER>0001140361-14-030942.hdr.sgml : 20140806
<ACCEPTANCE-DATETIME>20140806135403
ACCESSION NUMBER:		0001140361-14-030942
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20140630
FILED AS OF DATE:		20140806
DATE AS OF CHANGE:		20140806
EFFECTIVENESS DATE:		20140806

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GENERAL ELECTRIC CO
		CENTRAL INDEX KEY:			0000040545
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP) [3600]
		IRS NUMBER:				140689340
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0215

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-01502
		FILM NUMBER:		141019287

	BUSINESS ADDRESS:	
		STREET 1:		3135 EASTON TURNPIKE
		STREET 2:		W3F
		CITY:			FAIRFIELD
		STATE:			CT
		ZIP:			06828
		BUSINESS PHONE:		203-373-2211

	MAIL ADDRESS:	
		STREET 1:		3135 EASTON TURNPIKE
		STREET 2:		W3F
		CITY:			FAIRFIELD
		STATE:			CT
		ZIP:			06828
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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      <liveTestFlag>LIVE</liveTestFlag>
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        <confirmingCopyFlag>false</confirmingCopyFlag>
        <returnCopyFlag>true</returnCopyFlag>
        <overrideInternetFlag>false</overrideInternetFlag>
      </flags>
      <filer>
        <credentials>
          <cik>0000040545</cik>
          <ccc>XXXXXXXX</ccc>
        </credentials>
      </filer>
      <periodOfReport>06-30-2014</periodOfReport>
    </filerInfo>
  </headerData>
  <formData>
    <coverPage>
      <reportCalendarOrQuarter>06-30-2014</reportCalendarOrQuarter>
      <filingManager>
        <name>GENERAL ELECTRIC CO</name>
        <address>
          <com:street1>3135 EASTON TURNPIKE</com:street1>
          <com:street2>W3F</com:street2>
          <com:city>FAIRFIELD</com:city>
          <com:stateOrCountry>CT</com:stateOrCountry>
          <com:zipCode>06828</com:zipCode>
        </address>
      </filingManager>
      <reportType>13F HOLDINGS REPORT</reportType>
      <form13FFileNumber>028-01502</form13FFileNumber>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>Robert DeGennaro</name>
      <title>Assistant Controller</title>
      <phone>203-373-2535</phone>
      <signature>Robert DeGennaro</signature>
      <city>Fairfield</city>
      <stateOrCountry>CT</stateOrCountry>
      <signatureDate>08-06-2014</signatureDate>
    </signatureBlock>
    <summaryPage>
      <otherIncludedManagersCount>1</otherIncludedManagersCount>
      <tableEntryTotal>217</tableEntryTotal>
      <tableValueTotal>21966642</tableValueTotal>
      <isConfidentialOmitted>false</isConfidentialOmitted>
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          <sequenceNumber>1</sequenceNumber>
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            <form13FFileNumber>028-05827</form13FFileNumber>
            <name>GE ASSET MANAGEMENT</name>
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<TYPE>INFORMATION TABLE
<SEQUENCE>2
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			<nameOfIssuer>ACTAVIS PLC</nameOfIssuer>
			<titleOfClass>SHS</titleOfClass>
			<cusip>G0083B108</cusip>
			<value>217251</value>
			<shrsOrPrnAmt>
				<sshPrnamt>974002</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>974002</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>CREDICORP LTD</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>G2519Y108</cusip>
			<value>10906</value>
			<shrsOrPrnAmt>
				<sshPrnamt>70146</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>COVIDIEN PLC</nameOfIssuer>
			<titleOfClass>SHS</titleOfClass>
			<cusip>G2554F113</cusip>
			<value>389376</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4317762</sshPrnamt>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>DELPHI AUTOMOTIVE PLC</nameOfIssuer>
			<titleOfClass>SHS</titleOfClass>
			<cusip>G27823106</cusip>
			<value>4224</value>
			<shrsOrPrnAmt>
				<sshPrnamt>61445</sshPrnamt>
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		<infoTable>
			<nameOfIssuer>EATON CORP PLC</nameOfIssuer>
			<titleOfClass>SHS</titleOfClass>
			<cusip>G29183103</cusip>
			<value>259732</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3365270</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>GENPACT LIMITED</nameOfIssuer>
			<titleOfClass>SHS</titleOfClass>
			<cusip>G3922B107</cusip>
			<value>31114</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1774906</sshPrnamt>
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		<infoTable>
			<nameOfIssuer>INVESCO LTD</nameOfIssuer>
			<titleOfClass>SHS</titleOfClass>
			<cusip>G491BT108</cusip>
			<value>200311</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5306259</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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				<Shared>0</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>LIBERTY GLOBAL PLC</nameOfIssuer>
			<titleOfClass>SHS</titleOfClass>
			<cusip>G5480U120</cusip>
			<value>290156</value>
			<shrsOrPrnAmt>
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			<investmentDiscretion>DFND</investmentDiscretion>
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				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>MICHAEL KORS HLDGS LTD</nameOfIssuer>
			<titleOfClass>SHS</titleOfClass>
			<cusip>G60754101</cusip>
			<value>1497</value>
			<shrsOrPrnAmt>
				<sshPrnamt>16886</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
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				<Shared>0</Shared>
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		<infoTable>
			<nameOfIssuer>NOBLE CORP PLC</nameOfIssuer>
			<titleOfClass>SHS</titleOfClass>
			<cusip>G65431101</cusip>
			<value>2765</value>
			<shrsOrPrnAmt>
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			<otherManager>01</otherManager>
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		<infoTable>
			<nameOfIssuer>PENTAIR PLC</nameOfIssuer>
			<titleOfClass>SHS</titleOfClass>
			<cusip>G7S00T104</cusip>
			<value>55664</value>
			<shrsOrPrnAmt>
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		<infoTable>
			<nameOfIssuer>TE CONNECTIVITY LTD</nameOfIssuer>
			<titleOfClass>REG</titleOfClass>
			<cusip>H84989104</cusip>
			<value>2807</value>
			<shrsOrPrnAmt>
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		<infoTable>
			<nameOfIssuer>LYONDELLBASELL INDUSTRIES N</nameOfIssuer>
			<titleOfClass>SHS</titleOfClass>
			<cusip>N53745100</cusip>
			<value>200795</value>
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			<nameOfIssuer>NIELSEN N V</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>N63218106</cusip>
			<value>55705</value>
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			<nameOfIssuer>YANDEX N V</nameOfIssuer>
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			<cusip>N97284108</cusip>
			<value>9220</value>
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			<nameOfIssuer>AG MTG INVT TR INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>001228105</cusip>
			<value>4733</value>
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			<nameOfIssuer>ABBOTT LABS</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>002824100</cusip>
			<value>214580</value>
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			<nameOfIssuer>ALCOA INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>013817101</cusip>
			<value>1915</value>
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				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>ALEXION PHARMACEUTICALS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>015351109</cusip>
			<value>96809</value>
			<shrsOrPrnAmt>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>ALLEGHANY CORP DEL</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>017175100</cusip>
			<value>10953</value>
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				<sshPrnamt>25000</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
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				<None>0</None>
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			<nameOfIssuer>ALLIANCE HEALTHCARE SRVCS IN</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>018606301</cusip>
			<value>6049</value>
			<shrsOrPrnAmt>
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			<nameOfIssuer>AMAZON COM INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>023135106</cusip>
			<value>197485</value>
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			<nameOfIssuer>AMERICAN EXPRESS CO</nameOfIssuer>
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			<nameOfIssuer>AMERICAN INTL GROUP INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>026874784</cusip>
			<value>214716</value>
			<shrsOrPrnAmt>
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			<nameOfIssuer>AMERICAN WTR WKS CO INC NEW</nameOfIssuer>
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			<nameOfIssuer>AMGEN INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>ANADARKO PETE CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>032511107</cusip>
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			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>1628359</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ANALOG DEVICES INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>032654105</cusip>
			<value>45032</value>
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				<sshPrnamt>832851</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>832851</Sole>
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				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>APPLE INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>037833100</cusip>
			<value>466305</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5017810</sshPrnamt>
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			<nameOfIssuer>PRICELINE GRP INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>741503403</cusip>
			<value>3757</value>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>PROCTER &amp; GAMBLE CO</nameOfIssuer>
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			<nameOfIssuer>QUALCOMM INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>747525103</cusip>
			<value>621467</value>
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			<nameOfIssuer>RAYONIER INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>754907103</cusip>
			<value>3611</value>
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			<nameOfIssuer>REYNOLDS AMERICAN INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>761713106</cusip>
			<value>1999</value>
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			<nameOfIssuer>ROCKWELL AUTOMATION INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>773903109</cusip>
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			<nameOfIssuer>ROCKWOOD HLDGS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>SCHLUMBERGER LTD</nameOfIssuer>
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			<nameOfIssuer>SCHWAB CHARLES CORP NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>SIMON PPTY GROUP INC NEW</nameOfIssuer>
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			<cusip>828806109</cusip>
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			<nameOfIssuer>SOUFUN HLDGS LTD</nameOfIssuer>
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			<nameOfIssuer>STARBUCKS CORP</nameOfIssuer>
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			<nameOfIssuer>STATE STR CORP</nameOfIssuer>
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			<nameOfIssuer>STERICYCLE INC</nameOfIssuer>
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			<nameOfIssuer>STRYKER CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<value>45645</value>
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			<nameOfIssuer>TAIWAN SEMICONDUCTOR MFG LTD</nameOfIssuer>
			<titleOfClass>SPO</titleOfClass>
			<cusip>874039100</cusip>
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			<nameOfIssuer>TEXAS INSTRS INC</nameOfIssuer>
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			<nameOfIssuer>THERMO FISHER SCIENTIFIC INC</nameOfIssuer>
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			<cusip>883556102</cusip>
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			<nameOfIssuer>TIFFANY &amp; CO NEW</nameOfIssuer>
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			<nameOfIssuer>TIME INC NEW</nameOfIssuer>
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			<nameOfIssuer>TIME WARNER INC</nameOfIssuer>
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			<nameOfIssuer>US BANCORP DEL</nameOfIssuer>
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			<nameOfIssuer>UNION PAC CORP</nameOfIssuer>
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			<nameOfIssuer>UNITED PARCEL SERVICE INC</nameOfIssuer>
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			<nameOfIssuer>UNITED TECHNOLOGIES CORP</nameOfIssuer>
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			<nameOfIssuer>VANGUARD BD INDEX FD INC</nameOfIssuer>
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			<nameOfIssuer>VANGUARD INTL EQUITY INDEX F</nameOfIssuer>
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			<nameOfIssuer>VIRTUALSCOPICS INC</nameOfIssuer>
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			<nameOfIssuer>WAL-MART STORES INC</nameOfIssuer>
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			<nameOfIssuer>WELLS FARGO &amp; CO NEW</nameOfIssuer>
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			<nameOfIssuer>WESTERN DIGITAL CORP</nameOfIssuer>
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			<nameOfIssuer>WHOLE FOODS MKT INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<value>1563</value>
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			<nameOfIssuer>XILINX INC</nameOfIssuer>
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			<investmentDiscretion>DFND</investmentDiscretion>
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			<nameOfIssuer>YUM BRANDS INC</nameOfIssuer>
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			<nameOfIssuer>FORTINET INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>AETNA INC NEW</nameOfIssuer>
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			<nameOfIssuer>AGIOS PHARMACEUTICALS INC</nameOfIssuer>
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			<nameOfIssuer>AIR LEASE CORP</nameOfIssuer>
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			<nameOfIssuer>ALTRIA GROUP INC</nameOfIssuer>
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			<nameOfIssuer>AMERICAN TOWER CORP NEW</nameOfIssuer>
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			<nameOfIssuer>AMERIPRISE FINL INC</nameOfIssuer>
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			<nameOfIssuer>BANCO SANTANDER CHILE NEW</nameOfIssuer>
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			<nameOfIssuer>BG MEDICINE INC</nameOfIssuer>
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			<nameOfIssuer>BG MEDICINE INC</nameOfIssuer>
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			<nameOfIssuer>BLACKROCK INC</nameOfIssuer>
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			<nameOfIssuer>CDW CORP</nameOfIssuer>
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			<nameOfIssuer>CME GROUP INC</nameOfIssuer>
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			<nameOfIssuer>CAMERON INTERNATIONAL CORP</nameOfIssuer>
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			<nameOfIssuer>CARDINAL HEALTH INC</nameOfIssuer>
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			<nameOfIssuer>CENOVUS ENERGY INC</nameOfIssuer>
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			<nameOfIssuer>CISCO SYS INC</nameOfIssuer>
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			<nameOfIssuer>COCA COLA ENTERPRISES INC NE</nameOfIssuer>
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			<nameOfIssuer>COMCAST CORP NEW</nameOfIssuer>
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			<nameOfIssuer>DOMINION RES INC VA NEW</nameOfIssuer>
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			<nameOfIssuer>EDUCATION MGMT CORP NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>EMBRAER S A</nameOfIssuer>
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			<nameOfIssuer>ENERGIZER HLDGS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>EXPRESS SCRIPTS HLDG CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>30219G108</cusip>
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			<nameOfIssuer>EXXON MOBIL CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>FMC TECHNOLOGIES INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<nameOfIssuer>FACEBOOK INC</nameOfIssuer>
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			<nameOfIssuer>GENERAL MTRS CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>37045V100</cusip>
			<value>18150</value>
			<shrsOrPrnAmt>
				<sshPrnamt>500000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>500000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>GENWORTH FINL INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>37247D106</cusip>
			<value>54497</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3132007</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>3132007</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>GLAXOSMITHKLINE PLC</nameOfIssuer>
			<titleOfClass>SPO</titleOfClass>
			<cusip>37733W105</cusip>
			<value>52231</value>
			<shrsOrPrnAmt>
				<sshPrnamt>976637</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>976637</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>GOLDMAN SACHS GROUP INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>38141G104</cusip>
			<value>2512</value>
			<shrsOrPrnAmt>
				<sshPrnamt>15000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>15000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>GOOGLE INC</nameOfIssuer>
			<titleOfClass>CL</titleOfClass>
			<cusip>38259P508</cusip>
			<value>247580</value>
			<shrsOrPrnAmt>
				<sshPrnamt>423452</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>423452</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>GOOGLE INC</nameOfIssuer>
			<titleOfClass>CL</titleOfClass>
			<cusip>38259P706</cusip>
			<value>174348</value>
			<shrsOrPrnAmt>
				<sshPrnamt>303066</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>303066</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>HCP INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>40414L109</cusip>
			<value>5885</value>
			<shrsOrPrnAmt>
				<sshPrnamt>142209</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>142209</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>HESS CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>42809H107</cusip>
			<value>194273</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1964533</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>1964533</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ICICI BK LTD</nameOfIssuer>
			<titleOfClass>ADR</titleOfClass>
			<cusip>45104G104</cusip>
			<value>3220</value>
			<shrsOrPrnAmt>
				<sshPrnamt>64532</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>64532</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>INTERMUNE INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>45884X103</cusip>
			<value>3999</value>
			<shrsOrPrnAmt>
				<sshPrnamt>90587</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>90587</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>INTUITIVE SURGICAL INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>46120E602</cusip>
			<value>567</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1377</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>1377</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>JPMORGAN CHASE &amp; CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>46625H100</cusip>
			<value>426946</value>
			<shrsOrPrnAmt>
				<sshPrnamt>7409690</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>7409690</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>KRAFT FOODS GROUP INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>50076Q106</cusip>
			<value>8041</value>
			<shrsOrPrnAmt>
				<sshPrnamt>134123</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>134123</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>LINKEDIN CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>53578A108</cusip>
			<value>7118</value>
			<shrsOrPrnAmt>
				<sshPrnamt>41514</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>41514</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MACYS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>55616P104</cusip>
			<value>51780</value>
			<shrsOrPrnAmt>
				<sshPrnamt>892453</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>892453</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MACYS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>55616P104</cusip>
			<value>9</value>
			<shrsOrPrnAmt>
				<sshPrnamt>158</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>158</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MERCK &amp; CO INC NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>58933Y105</cusip>
			<value>263128</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4548453</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>4548453</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>METHANEX CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>59151K108</cusip>
			<value>971</value>
			<shrsOrPrnAmt>
				<sshPrnamt>15710</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>15710</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>METLIFE INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>59156R108</cusip>
			<value>61998</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1115879</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>1115879</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MONSANTO CO NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>61166W101</cusip>
			<value>384119</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3079356</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>3079356</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>NEW MEDIA INVT GROUP INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>64704V106</cusip>
			<value>764</value>
			<shrsOrPrnAmt>
				<sshPrnamt>54146</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>54146</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>NEW RESIDENTIAL INVT CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>64828T102</cusip>
			<value>4725</value>
			<shrsOrPrnAmt>
				<sshPrnamt>750000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>750000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>NEWCASTLE INVT CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>65105M108</cusip>
			<value>3593</value>
			<shrsOrPrnAmt>
				<sshPrnamt>750000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>750000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>NEXTERA ENERGY INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>65339F101</cusip>
			<value>52761</value>
			<shrsOrPrnAmt>
				<sshPrnamt>514842</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>514842</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>NOAH HLDGS LTD</nameOfIssuer>
			<titleOfClass>SPO</titleOfClass>
			<cusip>65487X102</cusip>
			<value>1318</value>
			<shrsOrPrnAmt>
				<sshPrnamt>93190</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>93190</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ORACLE CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>68389X105</cusip>
			<value>173298</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4275792</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>4275792</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>PRAXAIR INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>74005P104</cusip>
			<value>111936</value>
			<shrsOrPrnAmt>
				<sshPrnamt>842634</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>842634</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>RLJ LODGING TR</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>74965L101</cusip>
			<value>86740</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3002424</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>3002424</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>REGIONS FINL CORP NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>7591EP100</cusip>
			<value>129144</value>
			<shrsOrPrnAmt>
				<sshPrnamt>12160430</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>12160430</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>RUBICON PROJ INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>78112V102</cusip>
			<value>7697</value>
			<shrsOrPrnAmt>
				<sshPrnamt>599480</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>599480</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>SBA COMMUNICATIONS CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>78388J106</cusip>
			<value>50805</value>
			<shrsOrPrnAmt>
				<sshPrnamt>496627</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>496627</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>SPDR S&amp;P 500 ETF TR</nameOfIssuer>
			<titleOfClass>TR</titleOfClass>
			<cusip>78462F103</cusip>
			<value>5315</value>
			<shrsOrPrnAmt>
				<sshPrnamt>27154</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>27154</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>SEALED AIR CORP NEW</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>81211K100</cusip>
			<value>1187</value>
			<shrsOrPrnAmt>
				<sshPrnamt>34727</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>34727</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
			<titleOfClass>SBI</titleOfClass>
			<cusip>81369Y605</cusip>
			<value>3893</value>
			<shrsOrPrnAmt>
				<sshPrnamt>171193</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>171193</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
			<titleOfClass>SBI</titleOfClass>
			<cusip>81369Y704</cusip>
			<value>15914</value>
			<shrsOrPrnAmt>
				<sshPrnamt>294371</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<otherManager>01</otherManager>
			<votingAuthority>
				<Sole>294371</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
			<titleOfClass>SBI</titleOfClass>
			<cusip>81369Y886</cusip>
			<value>14356</value>
			<shrsOrPrnAmt>
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