Rule 424(b)(3)
                                          Registration Statement No.333-71361
                                          Cusip # 12560PBH3

PRICING SUPPLEMENT NO. 4,

Dated June 24,  1999 to
Prospectus,  dated  February  11, 1999
and  Prospectus Supplement, dated March 31, 1999.

                              THE CIT GROUP, 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. $500,000,000.

Proceeds to Corporation:  100% or $500,000,000.

Underwriting Commission:  0%.

Issue Price:  Variable Price Reoffer, Initially at Par.

Specified Currency:  U.S. Dollars.

Original Issue Date:  June 29, 1999.

Maturity Date:  June 29, 2000.

Interest Rate Basis:  Prime Rate.

Spread:  -280.25 basis points.

Initial Interest Rate:    The Prime Rate determined one Business Day prior to
the Original Issue Date minus 280.25 basis points.

The Notes are  offered  by the  Underwriter,  as  specified  herein,  subject to
receipt  and  acceptance  by it and  subject to its right to reject any order in
whole or in part.  It is expected  that the Notes will be ready for  delivery in
book-entry form on or about June 29, 1999.

                              SALOMON SMITH BARNEY


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Form:  Global Note.

Interest Reset Date:  Each Business Day to but excluding the Maturity Date.

Rate  Cut-Off Date:  Two Business Days prior to each Interest  Payment Date. The
      interest  rate  for  each  day  following  the  Rate  Cut-Off  Date to but
      excluding  the Interest  Payment Date will be the rate  prevailing  on the
      Rate Cut-Off Date.

Accrual of Interest:  Accrued  interest  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 but
      not including the day for which accrued interest is being calculated.  The
      "Interest  Factor"  for any  Note for each  such day will be  computed  by
      multiplying the face amount of the Note by the interest rate applicable to
      such day and dividing the product thereof by 360.

Interest  Payment  Dates:  Quarterly  on March  29,  June 29,  September  29 and
      December 29, commencing  September 29, 1999, provided that if any Interest
      Payment Date (other than the Maturity Date) would  otherwise fall on a day
      that is not a Business  Day,  then the  Interest  Payment Date will be the
      first  following  day that is a Business  Day. If the Maturity  Date would
      otherwise  fall on a day that is not a Business  Day,  then  principal and
      interest on the Note will be paid on the next succeeding Business Day, and
      no interest on such  payment will accrue for the period from and after the
      Maturity Date.

      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.

Calculation Date:  The earlier of (i) the fifth Business Day after each Interest
      Determination  Date or (ii) the Business  Day  immediately  preceding  the
      applicable Interest Payment Date.

Interest Determination Date: One Business Day prior to each Interest Reset Date.

Minimum Interest Rate:  0.0%.

Calculation Agent:  The CIT Group, Inc. (the "Corporation")

Trustee, Registrar, Authenticating and Paying Agent:
      The First National Bank of Chicago,  under Indenture dated as of September
      24, 1998 between the Trustee and the Corporation.

<PAGE>

                                 UNDERWRITING

Salomon Smith Barney Inc. (the "Underwriter") is acting as principal in this
transaction.

Subject  to the terms and  conditions  set forth in a Term  Sheet and  Agreement
dated June 24, 1999 (the "Terms  Agreement"),  between the  Corporation  and the
Underwriter, incorporating the terms of a Selling Agency Agreement dated May 15,
1996 and amended as of March 31, 1999 (the "Agreement"), between the Corporation
and  Lehman  Brothers,   Lehman  Brothers  Inc.,   Credit  Suisse  First  Boston
Corporation,  Goldman,  Sachs & Co., Merrill Lynch & Co., Merrill Lynch, Pierce,
Fenner & Smith Incorporated,  Morgan Stanley & Co.  Incorporated,  Salomon Smith
Barney Inc.  (formerly  known as Salomon  Brothers Inc), and Warburg Dillon Read
LLC (formerly known as UBS Securities LLC), (and Chase Securities Inc.  pursuant
to the First  Amendment to the Selling Agency  Agreement  dated March 31, 1999),
the Corporation has agreed to sell to the  Underwriter,  and the Underwriter has
agreed to purchase, $500,000,000 principal amount of the Notes.

Under the terms  and  conditions  of the Terms  Agreement,  the  Underwriter  is
committed to take and pay for all of the Notes, if any are taken.

The Underwriter has advised the Corporation  that it proposes to offer the Notes
for sale from time to time in one or more transactions  (which may include block
transactions), in negotiated transactions or otherwise, or a combination of such
methods of sale,  at market  prices  prevailing  at the time of sale,  at prices
related  to  such  prevailing  market  prices  or  at  negotiated   prices.  The
Underwriter  may effect  such  transactions  by selling  the Notes to or through
dealers,  and such dealers may receive  compensation in the form of underwriting
discounts, concessions or commissions from the Underwriter and/or the purchasers
of the Notes for whom they may act as agent.  In connection with the sale of the
Notes,  the  Underwriter  may be deemed to have received  compensation  from the
Corporation in the form of underwriting discounts,  and the Underwriter may also
receive  commissions  from the  purchasers  of the  Notes for whom it may act as
agent.  The Underwriter and any dealers that participate with the Underwriter in
the  distribution  of the  Notes  may be  deemed  to be  underwriters,  and  any
discounts  or  commissions  received by them and any profit on the resale of the
Notes by them may be deemed to be underwriting discounts or commissions.

      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 Underwriter that it
intends  to make a market  in the Notes  but is not  obligated  to do so and may
discontinue  any market making at any time without  notice.  No assurance can be
given as to the liquidity of the trading market for the Notes.

      The Corporation  has agreed to indemnify the  Underwriter  against certain
liabilities, including liabilities under the Securities Act of 1933, as amended.