Rule 424(b)(3)
                              Registration Statement
                              No. 33-58107

PRICING SUPPLEMENT NO. 16

Dated January 22, 1996, to
Prospectus, dated March 24, 1995, and
Prospectus Supplement, dated April 5, 1995.


                  THE CIT GROUP HOLDINGS, INC.
                    5.375% MEDIUM-TERM NOTES
           DUE NINE MONTHS OR MORE FROM DATE OF ISSUE


(X) Senior Note               ( ) Senior Subordinated Note

Principal Amount:  U.S. $100,000,000.

Proceeds to Corporation:  99.814%.

Underwriting Discount:  .131%.

Issue Price:  Variable Price Reoffer, initially at 99.945%.

Original Issue Date:  January 25, 1996.

Maturity Date:  January 25, 1999.

Interest Rate Per Annum:  5.375%.

Form:  Global Note.



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
January 25, 1996.



                   CS FIRST BOSTON CORPORATION
                    CITICORP SECURITIES, INC.
                FIRST UNION CAPITAL MARKETS CORP.
                        SMITH BARNEY INC.
<PAGE>
Interest Payment Dates:  July 25, 1996, January 25, 1997, July
     25, 1997, January 25, 1998, July 25, 1998,  and January 25,
     1999, provided that if any such day is not a Business Day,
     the payment will be made on the next succeeding Business Day
     as if it were made on the date such payment was due, and no
     interest will accrue on the amount payable for the period
     from and after such Interest Payment Date or the Maturity
     Date, as the case may be.
     
     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.

Specified Currency:  U.S. Dollars.

Trustee, Registrar, Authenticating and Paying Agent: 
     The Bank of New York, under Indenture dated as of May 1,
     1994 between the Trustee and the Corporation.


                          UNDERWRITING

     CS First Boston Corporation, Citicorp Securities, Inc.,
     First Union Capital Markets Corp. and Smith Barney Inc.
     (collectively, the "Underwriter") are acting as principals
     in this transaction.

     Subject to the terms and conditions set forth in a Terms
     Agreement dated January 22, 1996 (the "Terms Agreement"),
     between the Corporation and the Underwriter, incorporating
     the terms of a Selling Agency Agreement dated April 6, 1995,
     between the Corporation and Lehman Brothers, Lehman Brothers
     Inc., CS First Boston Corporation, Goldman, Sachs & Co.,
     Merrill Lynch & Co., Merrill Lynch, Pierce, Fenner & Smith
     Incorporated, Morgan Stanley & Co. Incorporated, Salomon
     Brothers Inc, and UBS Securities Inc., the Corporation has
     agreed to sell to the Underwriter, and the Underwriter has
     severally agreed to purchase, the principal amount of the
     Notes set forth opposite its name below:

                                             Principal Amount of
          Underwriter                        the Notes

     CS First Boston Corporation             $ 25,000,000
     Citicorp Securities, Inc.                 25,000,000
     First Union Capital Markets Corp.         25,000,000
     Smith Barney Inc.                         25,000,000 
                                   Total     $100,000,000

<PAGE>

     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 they
     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.