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

PRICING SUPPLEMENT NO. 18,

Dated  February 1, 1996 to
Prospectus, dated March 24, 1995, and
Prospectus Supplement, dated April 5, 1995.


                          THE CIT GROUP HOLDINGS, 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. $200,000,000.

Proceeds to Corporation:  99.97581%.

Underwriting Discount:  .02419%.

Issue Price:  Variable Price Reoffer, initially at par.

Specified Currency:  U.S. Dollars.

Original Issue Date:  February 6, 1996.

Maturity Date:  February 6, 1997.

Interest Rate Basis:  Prime Rate.

Spread:  -295 basis points.

Initial Interest Rate:    The Prime Rate determined one
         Business Day prior to the Original Issue Date minus
         295 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 February 6, 1996.


                                 LEHMAN BROTHERS


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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 May 6, 1996,  August 6, 1996,  November 6,
         1996, and February 6, 1997,  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 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%.



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Calculation Agent:  The CIT Group Holdings, Inc.

Trustee, Registrar,  Authenticating  and Paying  Agent:  Harris  Trust & Savings
         Bank,  under  Indenture dated as of May 1, 1994 between the Trustee and
         the Corporation.

                                             UNDERWRITING

         Lehman Brothers, Lehman Brothers Inc. (the
         "Underwriter"), is acting as principal in this
         transaction.

         Subject  to the terms  and  conditions  set forth in a Terms  Agreement
         dated February 1, 1996 (the "Terms Agreement"), between the Corporation
         and the  Underwriter,  and 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 agreed to purchase, $200,000,000 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 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

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         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.




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