Exhibit 25.1

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                                    FORM T-1

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                            STATEMENT OF ELIGIBILITY
                   UNDER THE TRUST INDENTURE ACT OF 1939 OF A
                    CORPORATION DESIGNATED TO ACT AS TRUSTEE

                      CHECK IF AN APPLICATION TO DETERMINE
                      ELIGIBILITY OF A TRUSTEE PURSUANT TO
                             SECTION 305(b)(2) |__|

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                              THE BANK OF NEW YORK
               (Exact name of trustee as specified in its charter)

New York                                                     13-5160382
(State of incorporation                                      (I.R.S. employer
if not a U.S. national bank)                                 identification no.)

One Wall Street, New York, N.Y.                              10286
(Address of principal executive offices)                     (Zip code)

                                   ----------

                               The CIT Group, Inc.
               (Exact name of obligor as specified in its charter)

Nevada                                                       65-1051227
(State or other jurisdiction of                              (I.R.S. employer
incorporation or organization)                               identification no.)

1211 Avenue of the Americas
New York, New York                                           10036
(Address of principal executive offices)                     (Zip code)

                                   ----------

                   Senior/Senior Subordinated Debt Securities
                       (Title of the indenture securities)

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1. General information. Furnish the following information as to the Trustee:

      (a)   Name and address of each examining or supervising authority to which
            it is subject.

        Name                                          Address
        ----                                          -------
        Superintendent of Banks of the                2 Rector Street, New York,
        State of New York                             N.Y.  10006, and
                                                      Albany, N.Y. 12203

        Federal Reserve Bank of New York              33 Liberty Plaza,
                                                      New York, N.Y. 10045

        Federal Deposit Insurance Corporation         Washington, D.C.  20429

        New York Clearing House Association           New York, New York   10005

      (b) Whether it is authorized to exercise corporate trust powers.

      Yes.

2. Affiliations with Obligor.

      If the obligor is an affiliate of the trustee, describe each such
      affiliation.

      None.

16. List of Exhibits.

      Exhibits identified in parentheses below, on file with the Commission, are
      incorporated herein by reference as an exhibit hereto, pursuant to Rule
      7a-29 under the Trust Indenture Act of 1939 (the "Act") and 17 C.F.R.
      229.10(d).

      1.    A copy of the Organization Certificate of The Bank of New York
            (formerly Irving Trust Company) as now in effect, which contains the
            authority to commence business and a grant of powers to exercise
            corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1
            filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to
            Form T-1 filed with Registration Statement No. 33-21672 and Exhibit
            1 to Form T-1 filed with Registration Statement No. 33-29637.)

      4.    A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form
            T-1 filed with Registration Statement No. 33-31019.)

      6.    The consent of the Trustee required by Section 321(b) of the Act.
            (Exhibit 6 to Form T-1 filed with Registration Statement No.
            33-44051.)

      7.    A copy of the latest report of condition of the Trustee published
            pursuant to law or to the requirements of its supervising or
            examining authority.


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                                    SIGNATURE

      Pursuant to the requirements of the Act, the Trustee, The Bank of New
York, a corporation organized and existing under the laws of the State of New
York, has duly caused this statement of eligibility to be signed on its behalf
by the undersigned, thereunto duly authorized, all in The City of New York, and
State of New York, on the 1st day of June, 2001.

                                        THE BANK OF NEW YORK

                                        By:    /s/  THOMAS E. TABOR
                                             -------------------------------
                                             Name:  THOMAS E. TABOR
                                             Title: ASSISTANT VICE PRESIDENT


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                       Consolidated Report of Condition of
                              THE BANK OF NEW YORK
                    of One Wall Street, New York, N.Y. 10286
                     And Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System, at the close of business December 31,
2000, published in accordance with a call made by the Federal Reserve Bank of
this District pursuant to the provisions of the Federal Reserve Act.

                                                                 Dollar Amounts
ASSETS                                                            In Thousands
Cash and balances due from
 depository institutions:

 Noninterest-bearing balances and
  currency and coin . ........................................    $ 3,083,720
 Interest-bearing balances ...................................      4,949,333
Securities:
 Held-to-maturity securities .................................        740,315
 Available-for-sale securities ...............................      5,328,981
Federal funds sold and Securities purchased
 under agreements to resell ..................................      5,695,708
Loans and lease financing receivables:
 Loans and leases, net of unearned
  income .......................................... 36,590,456
 LESS: Allowance for loan and lease losses ........    598,536
 LESS: Allocated transfer risk reserve ............     12,575
 Loans and leases, net of unearned income,
  allowance, and reserve .....................................     35,979,345
Trading Assets ...............................................     11,912,448
Premises and fixed assets (including
 capitalized leases) .........................................        763,241
Other real estate owned ......................................          2,925
Investments in unconsolidated subsidiaries and
 associated companies ........................................        183,836
Customers' liability to this bank on acceptances
 outstanding .................................................        424,303
Intangible assets ............................................      1,378,477
Other assets .................................................      3,823,797
                                                                  -----------
Total assets .................................................    $74,266,429
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LIABILITIES
Deposits:
 In domestic offices .........................................    $28,328,548
 Noninterest-bearing .............................. 12,637,384
 Interest-bearing ................................. 15,691,164
 In foreign offices, Edge and Agreement
  subsidiaries, and IBFs .....................................     27,920,690


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 Noninterest-bearing ..............................    470,130
 Interest-bearing ................................. 27,450,560
Federal funds purchased and Securities
 sold under agreements to repurchase .........................      1,437,916
Demand notes issued to the U.S.Treasury ......................        100,000
Trading liabilities ..........................................      2,049,818
Other borrowed money:
 With remaining maturity of one year or less .................      1,279,125
 With remaining maturity of more than one year
  through three years ........................................              0
 With remaining maturity of more than three years ............         31,080
Bank's liability on acceptances executed and
 outstanding .................................................        427,110
Subordinated notes and debentures ............................      1,646,000
Other liabilities ............................................      4,604,478
                                                                  -----------
Total liabilities ............................................    $67,824,765
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EQUITY CAPITAL
Common stock .................................................      1,135,285
Surplus ......................................................      1,008,775
Undivided profits and capital reserves .......................      4,308,492
Net unrealized holding gains (losses) on
 available-for-sale securities ...............................         27,768
Accumulated net gains (losses) on cash flow hedges ...........              0
Cumulative foreign currency
 translation adjustments .....................................        (38,656)
                                                                  -----------
Total equity capital .........................................      6,441,664
                                                                  -----------
Total liabilities and equity capital .........................    $74,266,429
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      I,  Thomas  J.  Mastro,  Senior  Vice  President  and  Comptroller  of the
above-named  bank do hereby  declare  that this  Report  of  Condition  has been
prepared in conformance with the  instructions  issued by the Board of Governors
of the  Federal  Reserve  System  and is true to the  best of my  knowledge  and
belief.

                                                                Thomas J. Mastro

      We, the undersigned directors, attest to the correctness of this Report of
Condition  and  declare  that it has been  examined by us and to the best of our
knowledge  and belief has been  prepared in  conformance  with the  instructions
issued by the Board of Governors of the Federal  Reserve  System and is true and
correct.

Thomas A. Renyi
Alan R. Griffith                                                  Directors
Gerald L. Hassell


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