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

                                    FORM 10-K

                        FOR ANNUAL AND TRANSITION REPORTS
                     PURSUANT TO SECTIONS 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
(Mark One)

[ X ]   ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE 
        ACT OF 1934 [FEE REQUIRED]

For the fiscal year ended December 31, 1998

                                       OR

[   ]   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES 
        EXCHANGE ACT OF 1934 [NO FEE REQUIRED]

For the transition period from _______ to __________

                        Commission file number: 000-24495

                               CIT RV TRUST 1998-A
             (Exact name of registrant as specified in its charter)

              Delaware                                   36-4232666
   (State or other jurisdiction of                    (I.R.S. Employer
   incorporation or organization)                    Identification No.)

    c/o The CIT Group Securitization Corporation II
    650 CIT Drive
    Livingston, New Jersey                                        07039
    (Address of principal executive offices)                    (Zip Code)

Registrant's telephone number, including area code:  (973) 740-5000

Securities registered pursuant to Section 12(b) of the Act:

                                     None
                               (Title of Class)

Securities registered pursuant to Section 12(g) of the Act:

                                     None
                               (Title of Class)

    Indicate  by check mark  whether the  registrant:  (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days. Yes [ X ] No [ ]

    Indicate by check mark if disclosure of delinquent  filers  pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's  knowledge,  in definitive proxy or information  statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [ ]

<PAGE>


    PART I

Item 1.           Business.
------            --------
  
      On  June  15,  1998  The  CIT  Group  Securitization  Corporation  II (the
"Company") sold $111,000,000 aggregate principal amount of Class A-1 5.83% Asset
Backed Notes;  $94,000,000  aggregate  principal amount of Class A-2 5.92% Asset
Backed Notes;  $54,000,000  aggregate  principal amount of Class A-3 5.99% Asset
Backed Notes;  $80,000,000  aggregate  principal amount of Class A-4 6.09% Asset
Backed Notes;  $37,000,000  aggregate  principal amount of Class A-5 6.12% Asset
Backed  Notes;  $18,000,000  aggregate  principal  amount of Class B 6.29% Asset
Backed Notes (the "Notes") and $6,060,865  aggregate  principal  amount of 6.70%
Asset Backed  Certificates (the  Certificates").  The Notes and the Certificates
have the  benefit  of a Reserve  Account.  The Notes and the  Certificates  were
offered for sale to the public pursuant to a Prospectus Supplement dated June 3,
1998 to a Prospectus dated October 29, 1997 (the "Prospectus").

      The  Certificates  represent an ownership  interest in CIT RV Trust 1998-A
(the "Trust") and the Notes  represent  obligations of the Trust.  The Trust was
created, and the Certificates were issued, pursuant to a Trust Agreement,  dated
as of June 1, 1998 (the  "Trust  Agreement"),  between  the  Company and Bankers
Trust (Delaware),  as owner trustee (the "Owner Trustee"). The Notes were issued
pursuant to an Indenture,  dated as of June 1, 1998 (the  "Indenture"),  between
the Trust and The First  National  Bank of Maryland,  as Indenture  Trustee (the
"Indenture Trustee").

      The  Trust's  only  business  is to act as a  passive  conduit  to  permit
investment in a pool of retail consumer receivables.

Year 2000 Compliance
--------------------

      The Year 2000  compliance  issue arises out of the inability of computers,
software and other  equipment  using  microprocessors  to recognize and properly
process  date fields  containing a two digit year.  Because The CIT  Group/Sales
Financing,  Inc.  ("Servicer")  is  dependent  upon the  proper  functioning  of
computer  systems,  failure  of its  systems  or vendor  systems to be Year 2000
compliant  could  have  a  material  adverse  effect  on  the   Securityholders.
Significant  Year 2000 failures in the  Servicer's  systems or in the systems of
third  parties (or third  parties upon whom they  depend)  could have a material
adverse effect on its financial condition and results of operations.  Failure of
this kind could,  for example,  result in problems with collecting or processing
payments  on the  Contracts  and  payments  to  Securityholders;  incomplete  or
inaccurate accounting or reporting; and generation of erroneous results.

      The Servicer continues to address the Year 2000 issue as it relates to its
systems and  business.  The Servicer  has  developed a  comprehensive  Year 2000
project to remediate its information technology systems and to address Year 2000
issues in its  non-information  technology  systems.  The scope of this  project
includes,  among other  things,  the  assessment of "at risk"  applications  and
systems,  an  assessment  of the  interdependencies  of various  systems and the
relative importance of each system to the business,  the design and execution of
required  modifications  to  achieve  Year  2000  compliance,  and the plans for
testing  of  modifications  to  verify  Year 2000  compliance.  The  process  of
remediation  includes the  following  phases:  planning,  assessing,  designing,
programming  and testing and  validation.  The  Servicer's  Year 2000 project is
expected to be substantially completed by March 31, 1999.

      The Servicer  depends upon the proper  functioning of third party computer
and non-information technology systems. The Servicer has been communicating with
those  parties with whom it has  important  financial,  supplier or  operational
relationships  to determine the extent to which those parties are  vulnerable to
the Year 2000  issue.  As part of the  process of  evaluating  its  options  and
attempting  to mitigate  third party  risks,  the  Servicer  is  collecting  and
analyzing  information from third parties. It is difficult to predict the effect
of such third party non-readiness on its business.
<PAGE>

      The  Servicer  continues  to  formulate a  contingency  plan for  business
continuation in the event of Year 2000 systems failures. The Servicer expects to
complete its information  technology  systems Year 2000 contingency plan by June
30, 1999, and to test this contingency plan thereafter.

      While the Servicer has made and will continue to make certain  investments
related to the Year 2000 project,  the financial  impact to the Servicer of such
investments  has  not  been,  and is not  anticipated  to  be,  material  to its
financial position or results of operations.

      All Year  2000  information  provided  herein  is a "Year  2000  Readiness
Disclosure" as defined in the Year 2000 Information and Readiness Disclosure Act
and is subject to the terms  thereof.  This Year 2000  information  is  provided
pursuant to  securities  law  requirements  and it may not be taken as a form of
covenant, warranty, representation or guarantee of any kind.


Item 2.           Properties.
------            ----------
  
      The  property of the Trust  primarily  includes a pool of simple  interest
retail  installment  sale contracts and direct loans secured by the new and used
recreation vehicles financed thereby (the "Contracts").

      All of the Contracts were acquired by the Company from The CIT Group/Sales
Financing,  Inc. ("CITSF") pursuant to the terms of a Purchase Agreement,  dated
as of June 1, 1998,  and sold by the Company to the Trust pursuant to a Sale and
Servicing  Agreement,  dated  as of  June  1,  1998  (the  "Sale  and  Servicing
Agreement"), among the Company, as seller, CITSF, as servicer, and the Trust.

      Information  related to the payment on the Contracts by the obligors under
the  Contracts  is set  forth in the 1998  Annual  Statement  of Trust  filed as
Exhibit 99.3 to this Annual Report on Form 10-K.


Item 3.           Legal Proceedings.
------            -----------------
 
      The Registrant  knows of no material legal  proceeding  with respect to or
involving the Owner Trustee, the Company or CITSF.


Item 4.           Submission of Matters to a Vote of Security Holders.
------            ---------------------------------------------------

      No matter was submitted to a vote of Certificateholders  during the fiscal
year covered by this report.

                                     PART II


Item 5.           Market for Registrant's Common Equity and Related Stockholder 
------            -------------------------------------------------------------
                  Matters.
                  -------

      The Notes are held and delivered in book-entry form through the facilities
of The Depository Trust Company ("DTC"), a "clearing agency" registered pursuant
to the  provisions  of Section 17A of the  Securities  Exchange Act of 1934,  as
amended.

      As of  January  5,  1999,  100% of the Class  A-1  Notes  were held in the
nominee name of Cede & Co. for 4 beneficial owners,  100% of the Class A-2 Notes
were held in the nominee name of Cede & Co. for 15  beneficial  owners,  100% of
the  Class  A-3  Notes  were  held in the  nominee  name  of  Cede & Co.  for 17
beneficial owners,  100% of the Class A-4 Notes were held in the nominee name of
Cede & Co. for 28  beneficial  owners,  100% of the Class A-5 Notes were held in
the nominee name of Cede & Co. for 22 beneficial owners, and 100% of the Class B
Notes were held in the nominee name of Cede & Co. for 6 beneficial owners. As of
June 1, 1998, six definitive  Certificates in the amount of  $1,000,000.00  each
were held in the name of TFinn & Co, and one definitive  Certificate was held in
the name of an affiliate of the Company as registered owner.

<PAGE>

Item 9.           Changes in and Disagreements with Accountants on Accounting 
------            -----------------------------------------------------------
                  and Financial Disclosure.
                  ------------------------
  
                  None.

                                   PART III

Item 12.          Security Ownership of Certain Beneficial Owners and 
-------           ---------------------------------------------------
                  Management.
                  ----------
    
                  Not Applicable.


                                    PART IV


Item 14.          Exhibits, Financial Statement Schedules, and Reports on 
-------           -------------------------------------------------------  
                  Form 8-K.
                  --------  

                  (a)   Exhibits:


Exhibit Number                       Description
--------------                       -----------          

    19                       Annual Accountants' Report with respect to the 
                             servicing of the contracts by the Servicer, 
                             pursuant to the Sale and Servicing Agreement.

    99.1                     Annual Officer's Certificate.

    99.2                     Management's Assertion.

    99.3                     1998 Annual Statement of Trust.

                (b) Reports on Form 8-K:
                    -------------------

                      Current  Reports  on Form 8-K are filed  each  month.  The
                      reports  include as an  exhibit,  the  Monthly  Reports to
                      Certificateholders. Current Reports on Form 8-K dated July
                      15, 1998, August 17, 1998, September 15, 1998, October 15,
                      1998, November 16, 1998, December 15, 1998 and January 15,
                      1999  were  filed  with  the   Securities   and   Exchange
                      Commission.

                (c), (d)          Omitted.


<PAGE>


                                  SIGNATURES
                                  ---------- 

                Pursuant  to the  requirements  of  Section  13 or  15(d) of the
Securities  Exchange Act of 1934,  the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly authorized.




                                       CIT RV Trust 1998-A
                                       (Registrant)

                                       By: The CIT Group/Sales Financing, Inc., 
                                           as Servicer


Dated:  March 31, 1999                 By: /s/ Frank Garcia
                                           --------------------------
                                       Name:    Frank Garcia
                                       Title:   Vice President