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

PRICING SUPPLEMENT NO. 20,

Dated April 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. $50,000,000.    

Proceeds to Corporation:  99.95%.

Agent's Fee:  0.05%.

Issue Price:  100%.

Original Issue Date:  April 29, 1994.

Maturity Date:  April 29, 1997.

Interest Rate Basis:  LIBOR-Telerate.

Index Maturity:  Three months.

Interest Rate Calculation:  The lesser of (a) LIBOR plus 20 
     basis points or (b) 9.00%.

Initial Interest Rate:  The lesser of (a) LIBOR determined two
     London Business Days prior to the Original Issue Date plus
     20 basis points or (b) 9.00%.

Specified Currency:  U.S. Dollars.

Form:  Global Note.


                     GOLDMAN, SACHS & CO.



Interest Reset Date:  The third Wednesday of each January, 
     April, July, and October, commencing July 20, 1994, except
     that the third Wednesday of April, 1997 shall not be an
     Interest Reset Date and the Interest Reset Date for the
     period from and including the third Wednesday in January,
     1997 to but excluding the Maturity Date shall be the third
     Wednesday in January, 1997, and 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.

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 Payment Dates:   The third Wednesday of each January,
     April, July, and October, commencing July 20, 1994, and
     the Maturity Date, except that the third Wednesday of
     April, 1997 shall not be an Interest Payment Date and
     interest for the period from and including the third
     Wednesday of January, 1997 to but excluding the Maturity
     Date shall be payable on the Maturity Date, and 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.

Interest Determination Date:  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:  9.00%.

Minimum Interest Rate:  Not applicable.

Other Provisions:

     "LIBOR-Telerate" means the rate for deposits in U.S.
     dollars having the Index Maturity specified above which
     appears on the Telerate Page 3750 (defined below) as of
     11:00 a.m., London time, on the applicable 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 dealings in
     U.S. dollars are transacted in the London interbank
     market.

Trustee, Registrar, Authenticating and Paying Agent: 
     The Bank of New York, under Indenture dated as of February
     1, 1993, between the Trustee and the Corporation.



                     PLAN OF DISTRIBUTION


     Goldman, Sachs & Co. (the "Agent") is acting as agent in
     this transaction, subject to the terms and conditions set
     forth in the 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 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 Agent that the
     Agent does not intend to make a market in the Notes.  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.