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

PRICING SUPPLEMENT NO. 18,

Dated March 22, 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. $55,000,000.    

Proceeds to Corporation:  99.95%

Underwriting Discount:  0.05%

Issue Price:  Variable Price Reoffer, initially at par.

Specified Currency:  U.S. Dollars.

Original Issue Date:  March 29, 1994.

Maturity Date:  March 29, 1999.

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

Index Maturity:  Two Years.

Spread:  -19 basis points.

Initial Interest Rate:  4.83%.

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 29, 1994.

                    UBS SECURITIES 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 on the basis of a 360-day
     year of twelve 30-day months.

Interest Payment Dates:  Quarterly on the 29th day of each
     March, June, September, and December, commencing June
     29, 1994, provided that if any Interest Payment Date
     falls on a day that is not a Business Day, then the
     Interest Payment Date will be the next succeeding
     Business Day, except that if such day is in the next
     succeeding calendar month, such Interest Payment Date
     will be the immediately preceding 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.

Interest Determination Date:  Two days that are both 
     Business Days and London Business Days prior to each
     Interest Reset Date.

Interest Reset Date:  Quarterly on the 29th day of each 
     March, June, September, and December, commencing June
     29, 1994, provided that if any Interest Reset Date
     falls on a day that is not a Business Day, then the
     Interest Reset Date will be the next succeeding
     Business Day, except that if such day is in the next
     succeeding calendar month, such Interest Reset Date
     will be the immediately preceding Business Day.

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:  The CIT Group Holdings, Inc.



Other Provisions:

     "Constant Maturity Treasury Rate" means, with respect
     to any Interest Determination Date, the rate
     displayed on Telerate Page 7055 (as defined below)
     for "Daily Treasury Constant Maturities and Money
     Markets . . . Federal Reserve Board Release H.15" as
     of the applicable Interest Determination Date
     opposite the Index Maturity specified above, as
     determined by the Calculation Agent.  If such rate is
     no longer displayed, then the Constant Maturity
     Treasury Rate for such Interest Reset Date will be
     such Constant Maturity Treasury Rate (or other United
     States Treasury rate) in the applicable Index
     Maturity for the Interest Determination Date with
     respect to such Interest Reset Date as may then be
     published by either the Board of Governors of the
     Federal Reserve System or the United States
     Department of the Treasury that the Calculation Agent
     determines to be comparable to the rate formerly
     displayed on the Telerate Page 7055 and published 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",
     in the Index Maturity specified above.  If such
     information is not provided, then the Constant
     Maturity Treasury Rate for the Interest Reset Date
     will be calculated by the Calculation Agent and will
     be a yield to maturity, based on the arithmetic mean
     of the secondary market mid-market quotations as of
     approximately 3:30 p.m. (New York City time) on the
     Interest Determination Date reported, according to
     their written records, by three leading primary
     United States government securities dealers (each, a
     "Reference Dealer") in the City of New York selected
     by the Calculation Agent, for the most recently
     issued direct noncallable fixed rate obligations of
     the United States ("Treasury Note") with an original
     maturity of approximately three years and a remaining
     term to maturity of not less than two years.  If the
     Calculation Agent cannot obtain three such Treasury
     Note quotations, the Constant Maturity Rate for such
     Interest Reset Date will be calculated by the
     Calculation Agent and will be a yield to maturity
     based on the arithmetic mean of the secondary market
     mid-market quotations as of approximately 3:30 p.m.
     New York City time) on the Interest Determination
     Date of three Reference Dealers in The City of New



     York (from five such Reference Dealers selected by
     the Calculation Agent and eliminating the highest
     quotation (or, in the event of equality, one of the
     highest) and the lowest quotation (or, in the event
     of equality, one of the lowest), for Treasury Notes
     with an original maturity of approximately ten years
     and a remaining term to maturity closest to the Index
     Maturity.  If three or four (and not five) of such
     Reference Dealers are quoting as described herein,
     then the Constant Maturity Treasury Rate will be
     based on the arithmetic mean of the mid-market
     quotations obtained and neither the highest nor the
     lowest of such quotes will be eliminated.  If fewer
     than three Reference Dealers selected by the
     Calculation Agent are quoting as described herein,
     the Constant Maturity Treasury Rate will be the
     Constant Maturity Treasury Rate in effect on the
     preceding Interest Reset Date.  If two Treasury Notes
     with an original maturity of approximately ten years
     have remaining terms to maturity equally close to two
     years, the quotes for the Constant Maturity Treasury
     Rate with the shorter remaining term to maturity will
     be used.

     "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.

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

Trustee, Registrar, Authenticating and Paying Agent: 
     Citibank, N.A., under Indenture dated as of February
     15, 1993 between the Trustee and the Corporation.

                   PLAN OF DISTRIBUTION

     UBS Securities Inc. (the "Agent") is acting as agent
     in this transaction, subject to the terms and
     conditions set forth in 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 Agent 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 Agent 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 Agent and/or the purchasers of
     the Notes for whom they may act as agent.  In
     connection with the sale of the Notes, the Agent may
     be deemed to have received compensation from the
     Corporation in the form of underwriting discounts,
     and the Agent may also receive commissions from the
     purchasers of the Notes for whom they may act as
     agent.  The Agent and any dealers that participate
     with the Agent 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.  No assurance can be given as to
     the liquidity of the trading market for the Notes.

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