Rule 424(b)(3)
                                    Registration Statement No. 333-63793
                                    Cusip #12560M BR8

PRICING SUPPLEMENT NO. 11,

Dated December 16, 1998, to 
Prospectus,  dated September 24, 1998 and 
Prospectus Supplement dated September 25, 1998.

                             THE CIT GROUP, 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. $200,000,000.

Proceeds to Corporation:  $200,000,000.

Issue Price:  Variable Price, Reoffer

Original Issue Date:  December 21, 1998.

Maturity Date:  January 14,  2000,  provided  that if such day is not a Business
   Day, the payment of principal and interest may be made on the next succeeding
   Business Day, and no interest on such payment will accrue for the period from
   and after the Maturity Date.

Interest Rate Basis:  LIBOR.

Index Maturity:  One Month for the first Interest Determination Date, then 
   Three Month for all Interest Determination Dates thereafter.

Spread:  2.5 basis points (.025%).

Interest Rate Calculation:  LIBOR determined on the Interest Determination Date 
   minus the Spread.

Initial Interest Rate:  LIBOR determined two London Business Days prior to the 
   Original Issue Date minus the Spread.

Specified Currency:  U.S. Dollars.

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 December 21, 1998.

                         MORGAN STANLEY DEAN WITTER





Form:  Global Note.

Interest Reset Dates: Quarterly on January 14, April 14, July 14 and October 14,
   commencing January 14, 1999,  provided that if any such day is not a Business
   Day, the Interest Reset Date will be the next succeeding Business Day, except
   that if such  Business Day is in the next  succeeding  calendar  month,  such
   Interest Reset Date will be the immediately preceding Business Day.

Interest Payment  Dates:  Quarterly on January 14, April 14, July 14 and October
   14,  commencing  January  14,  1999,  provided  that if any such day is not a
   Business Day, the Interest Payment Date will be the next succeeding  Business
   Day,  except that if such  Business  Day is in the next  succeeding  calendar
   month, such Interest Payment Date will be the immediately  preceding Business
   Day.

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 day  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 360.

   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.

Interest Determination Dates:  Two London Business Days prior to each Interest 
   Reset Date.

Calculation Date: The earlier of (a) the Business Day immediately  preceding the
   applicable  Interest  Payment Date or the date on which the Note will mature,
   or (b) the tenth calendar day after an Interest  Determination Date, provided
   such day is a Business  Day, or, if such day is not a Business  Day, the next
   succeeding Business Day.

Maximum Interest Rate:  Not applicable.

Minimum Interest Rate:  0.00%.

Other Provisions:

      "LIBOR" means, with respect to any Interest  Determination  Date, the rate
      for deposits in U.S.  dollars  having the Index Maturity  specified  above
      which  appears on the  Telerate  Page 3750 (as defined  below) as of 11:00
      a.m.,  London  time,  on  such  Interest   Determination  Date  ("LIBOR");
      provided, that if on any Interest Determination Date the rate for deposits
      in U.S. dollars having the Index Maturity  specified above does not appear
      on the Telerate  Page 3750,  LIBOR will be  determined on the basis of the
      rates at which deposits in U.S. dollars are offered by four major banks in
      the  London  interbank  market  selected  by  the  Calculation   Agent  at
      approximately ll:00 a.m., London time, on such Interest Determination Date
      to prime banks in the London  interbank  market having the Index  Maturity
      specified  above and in a  principal  amount  equal to an  amount  that is


      representative  for a single  transaction in such market at such time. The
      Calculation Agent will request the principal London office of each of such
      banks to provide a quotation of its rate. If at least two such  quotations
      are provided, the rate in respect of such Interest Determination Date will
      be the arithmetic mean of the quotations. If fewer than two quotations are
      provided, LIBOR in respect of such Interest Determination Date will be the
      arithmetic  mean of the rates  quoted by three  major banks in The City of
      New York,  selected by the Calculation Agent, at approximately ll:00 a.m.,
      New York City time, on such Interest  Determination Date for loans in U.S.
      dollars to leading  European  banks,  having the Index Maturity  specified
      above and in a principal amount equal to an amount that is  representative
      for a single transaction in such market at such time;  provided,  however,
      that if the banks selected as aforesaid by the  Calculation  Agent are not
      quoting as  described  in this  sentence,  the  Interest  Rate will be the
      Interest Rate in effect on such Interest Determination Date.


      "Telerate Page 3750" means the display page designated as page 3750 on the
      Dow Jones Telerate Service (or such other page as may replace page 3750 on
      that  service  for the  purpose of  displaying  London  interbank  offered
      rates).

      "London Business Day" means any day on which deposits in U.S. dollars are 
      transacted in the London interbank market.

Trustee, Registrar, Authenticating and Paying Agent:
      Harris Trust & Savings  Bank,  under  Indenture  dated as of September 24,
      1998, between the Trustee and the Corporation.

                                UNDERWRITING

      Morgan Stanley & Co. Incorporated (the "Underwriter") is acting as 
      principal in this transaction.

      Subject  to the  terms  and  conditions  set  forth  in a Term  Sheet  and
      Agreement  dated  December 16, 1998 (the "Terms  Agreement"),  between the
      Corporation  and the  Underwriter,  incorporating  the  terms of a Selling
      Agency  Agreement  dated May 15, 1996,  between the Corporation and Lehman
      Brothers,  Lehman Brothers Inc.,  Credit Suisse First Boston  Corporation,
      Goldman, Sachs & Co., Merrill Lynch & Co., Merrill Lynch, Pierce, Fenner &
      Smith  Incorporated,  Morgan  Stanley & Co.  Incorporated,  Salomon  Smith
      Barney Inc.  (formerly known as Salomon  Brothers Inc), and Warburg Dillon
      Read LLC (formerly  known as UBS  Securities  LLC),  the  Corporation  has
      agreed  to sell to the  Underwriter,  and the  Underwriter  has  agreed to
      purchase, $200,000,000 aggregate 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 it 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.