Rule 424(b)(3)
                         Registration Statement
                         No. 33-58418

PRICING SUPPLEMENT NO. 16,

Dated March 14, 1994, to
Prospectus, dated March 25, 1993, and Prospectus
Supplement, dated March 25, 1993.

               THE CIT GROUP HOLDINGS, INC.
              MEDIUM-TERM FLOATING RATE NOTES
        DUE NINE MONTHS OR MORE FROM DATE OF ISSUE


(X) Senior Note               ( ) Senior Subordinated Note

Principal Amount:  U.S. $50,000,000.    

Proceeds to Corporation:  99.90%

Underwriting Discount:  0.10%

Issue Price:  Variable Price Reoffer, initially at par.

Specified Currency:  U.S. Dollars.

Original Issue Date:  March 22, 1994.

Maturity Date:  March 21, 1997.

Interest Rate Basis:  Constant Maturity Treasury Rate (as
     defined below).

Index Maturity:  Two Years.

Spread:  -35 basis points.

Initial Interest Rate:  The Constant Maturity Treasury 
     Rate determined two Business Days (as defined below)
     prior to the Original Issue Date minus 35 basis
     points.

The Notes are offered by the Underwriter, as specified
herein, subject to receipt and acceptance by it and
subject to its right to reject any order in whole or in
part.  It is expected that the Notes will be ready for
delivery in book-entry form on or about March 22, 1994.

                   SALOMON BROTHERS INC



Form:  Global Note.

Accrual of Interest:  Accrued interest from the Original 
     Issue Date or from the last date to which interest
     has been paid or duly provided for with respect to
     any Note will be calculated by multiplying the face
     amount of such Note by an accrued Interest Factor. 
     This accrued Interest Factor will be computed by
     adding the Interest Factors calculated for each day
     from the Original Issue Date or from the last date to
     which interest has been paid or duly provided for up
     to the date for which accrued interest is being
     calculated.  The "Interest Factor" for any Note for
     each such day will be computed by dividing the
     interest rate applicable to such day by the actual
     number of days in the applicable year.

Interest Payment Dates:  Quarterly on the 21st day of each
     March, June, September, and December, commencing June
     21, 1994, provided that if any Interest Payment Date
     is not a Business Day, then interest will be paid on
     the next succeeding Business Day.
     
     Interest payments will include the amount of interest
     accrued from and including the most recent Interest
     Payment Date to which interest has been paid (or from
     and including the Original Issue Date) to but
     excluding the applicable Interest Payment Date,
     without adjustment for changes in the Interest
     Payment Date if the scheduled Interest Payment Date
     is not a Business Day.

Interest Determination Date:  Ten Business Days prior to 
     each Interest Reset Date.

Interest Reset Date:  Quarterly on the 21st day of each 
     March, June, September, and December, commencing June
     21, 1994.

Calculation Date:  The earlier of (i) the fifth Business
     Day after each Interest Determination Date, or (ii)
     the Business Day next preceding the applicable
     Interest Payment Date.

Rate Cutoff Date:  Not applicable.

Maximum Interest Rate:  Not Applicable.

Minimum Interest Rate:  0.0%.



Calculation Agent:  Salomon Brothers Inc

Other Provisions:

     "Constant Maturity Treasury Rate" means, with respect
     to any Interest Determination Date, the rate that is
     published by the Board of Governors of the Federal
     Reserve Board System in "Statistical Release
     H.15(519), Selected Interest Rates", or any successor
     publication of the Board of Governors of the Federal
     Reserve System ("H.15(519)"), under the heading "U.S.
     Government/Securities Treasury Constant Maturities",
     decompounded to a quarterly rate, in the Index
     Maturity specified above.  If the H.15(519) is no
     longer published, the "Constant Maturity Treasury
     Rate" shall be the rate which appears on Telerate
     Page 7055 (as defined below) (as determined by the
     Calculation Agent), on the applicable Interest
     Determination Date opposite the applicable Index
     Maturity.  If on any Interest Determination Date,
     such rate does not appear on Telerate Page 7055, then
     the Calculation Agent will contact the Board of
     Governors of the Federal Reserve System and request
     the Constant Maturity Treasury Rate, in the
     applicable Index Maturity, for the Interest
     Determination Date.  If the Board of Governors of the
     Federal Reserve System does not provide such
     information by 5:00 p.m. on the Calculation Date,
     then the Constant Maturity Treasury Rate for such
     Interest Determination Date will be the arithmetic
     mean of quotations reported by three leading U.S.
     government securities dealers (one of which may be
     the Calculation Agent), according to their written
     records, with reference to the 3:00 p.m., New York
     time, on the Interest Determination Date closing bid-
     side yield quotations for the noncallable U.S.
     Treasury Note that is nearest in maturity to the
     Index Maturity, but not less than exactly the Index
     Maturity, and for the noncallable U.S. Treasury Note
     that is nearest in maturity to the Index Maturity,
     but not more than exactly the Index Maturity.  The
     Calculation Agent shall calculate the Constant
     Maturity Treasury Rate by interpolating to the Index
     Maturity, based on an Actual/Actual day count basis,
     the yield on the two Treasury Notes selected.  If the
     Calculation Agent cannot obtain three such adjusted
     quotations, the Constant Maturity Treasury Rate for
     such Interest Determination Date will be the
     arithmetic mean of all such quotations, or if only
     one such quotation is obtained, such quotation,



     obtained by the Calculation Agent.  In all events,
     the Calculation Agent shall continue polling dealers
     until at least one adjusted yield quotation can be
     determined.

     "Telerate Page 7055" means the display page
     designated as page 7055 on the Dow Jones Telerate
     Service (or such other page as may replace page 7055
     on that service for the purpose of displaying
     Constant Maturity Treasury Rates).

     "Business Day" means any day, other than a Saturday
     or Sunday, that is neither a legal holiday nor a day
     on which banking institutions are generally
     authorized or required by law or regulation to close
     in The City of New York.

Trustee, Registrar, Authenticating and Paying Agent: 
     The Chase Manhattan Bank (National Association),
     under Indenture dated as of October 24, 1984 between
     the Trustee and the Corporation.


                       UNDERWRITING

     Salomon Brothers Inc (the "Underwriter"), is acting
     as principal in this transaction.

     Subject to the terms and conditions set forth in a
     Terms Agreement dated March 14, 1994 (the "Terms
     Agreement"), between the Corporation and the
     Underwriter, and a Letter Agreement dated March 14,
     1994, between the Corporation and the Underwriter,
     incorporating the terms of a Selling Agency
     Agreement, dated March 25, 1993, between the
     Corporation and Merrill Lynch & Co., Merrill Lynch,
     Pierce, Fenner & Smith Incorporated, The First Boston
     Corporation, Goldman, Sachs & Co., Morgan Stanley &
     Co. Incorporated, Shearson Lehman Brothers Inc.
     (currently known as Lehman Brothers Inc.), and UBS
     Securities Inc., the Corporation has agreed to sell
     to the Underwriter, and the Underwriter has agreed to
     purchase, $50,000,000 principal amount of the Notes.

     Under the terms and conditions of the Terms
     Agreement, the Underwriter is committed to take and
     pay for all of the Notes, if any are taken.

     The Underwriter has advised the Corporation that it
     proposes to offer the Notes for sale from time to



     time in one or more transactions (which may include
     block transactions), in negotiated transactions or
     otherwise, or a combination of such methods of sale,
     at market prices prevailing at the time of sale, at
     prices related to such prevailing market prices or at
     negotiated prices.  The Underwriter may effect such
     transactions by selling the Notes to or through
     dealers, and such dealers may receive compensation in
     the form of underwriting discounts, concessions or
     commissions from the Underwriter and/or the
     purchasers of the Notes for whom they may act as
     agent.  In connection with the sale of the Notes, the
     Underwriter may be deemed to have received
     compensation from the Corporation in the form of
     underwriting discounts, and the Underwriter may also
     receive commissions from the purchasers of the Notes
     for whom they may act as agent.  The Underwriter and
     any dealers that participate with the Underwriter in
     the distribution of the Notes may be deemed to be
     underwriters, and any discounts or commissions
     received by them and any profit on the resale of the
     Notes by them may be deemed to be underwriting
     discounts or commissions.

     The Notes are a new issue of securities with no
     established trading market.  The Corporation
     currently has no intention to list the Notes on any
     securities exchange.  The Corporation has been
     advised by the Underwriter that it intends to make a
     market in the Notes but is not obligated to do so and
     may discontinue any market making at any time without
     notice.  No assurance can be given as to the
     liquidity of the trading market for the Notes.

     The Corporation has agreed to indemnify the
     Underwriter against certain liabilities, including
     liabilities under the Securities Act of 1933, as
     amended.