SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549
                             ________________

                               SCHEDULE 13G
                             ________________

          INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
                 UNDER THE SECURITIES EXCHANGE ACT OF 1934



                           THE CIT GROUP, INC.
                            (NAME OF ISSUER)

                    Class A Common Stock, $.01 par value
                       (TITLE OF CLASS OF SECURITIES)

                                 125577106
                              (CUSIP NUMBER)







                               PAGE 1 OF 5 PAGES 




                                   SIGNATURE

          After reasonable inquiry and to the best of its knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.




                                        February 5, 1998



                                        /s/ Naoto Takano           
                                        Naoto Takano, as     
                                        Assistant General Manager, IPCD
                                          of The Dai-Ichi Kangyo Bank, Limited


                            PAGE 5 OF 5 PAGES