Exhibit 99.2
[The CIT Group, Inc. Logo]

IMMEDIATE RELEASE

                        CIT ANNOUNCES QUARTERLY DIVIDEND

      NEW YORK, New York, April 26, 2001-- The CIT Group, Inc. (NYSE: CIT, TSE:
CIT.U and Exchangeable Shares: TSE: CGX.U) today announced that its Board of
Directors has declared a regular quarterly cash dividend of $.10 per share,
payable on May 31, 2001, to shareholders of record on May 9, 2001.

About CIT:

      CIT is a leading, global source of financing and leasing capital and an
advisor for companies in more than 30 industries. Managing more than $50 billion
in assets across a diversified portfolio, CIT is the trusted financial engine
empowering many of today's industry leaders and emerging businesses, offering
vendor, equipment, commercial, factoring, consumer and structured financing
capabilities. Founded in 1908, CIT operates extensively in the United States and
Canada with strategic locations in Europe, Latin and South America, and the
Pacific Rim. For more information on CIT, visit the Web site at www.cit.com.

Investor Relations Contacts                       Media Contacts
James J. Egan, Jr.                                Sammie Becker
CIT                                               Stanton Crenshaw
(973) 535-5911                                    (212) 780-1900, Ext. 506
jim.egan@cit.com                                  sbecker@stanton-crenshaw.com

      or                                                  or

Yvette K. Rudich                                  Joseph LoBello
CIT                                               Stanton Crenshaw
(973) 597-2095                                    (212) 780-1900, ext. 535
yvette.rudich@cit.com                             jlobello@stanton-crenshaw.com