Rule 424(b)(3)
                                            Registration Statement No. 333-27465
                                            Cusip# 12560Q BG3
PRICING SUPPLEMENT NO. 15,

Dated January 13, 1998, to
Prospectus, dated June 6, 1997 and
Prospectus Supplement, dated June 12, 1997.

                               THE CIT GROUP, INC.
                     (formerly The CIT Group Holdings, Inc.)
                          MEDIUM-TERM FIXED RATE NOTES
                   DUE NINE MONTHS OR MORE FROM DATE OF ISSUE


(X) Senior Note                     ( ) Senior Subordinated Note

Principal Amount:  U.S. $52,000,000.

Proceeds to Corporation:  99.822% or $51,907,440.

Underwriting Discount:  0.178%

Issue Price:  99.822% or $51,907,440.

Original Issue Date:  January 16, 1998.

Maturity Date:  January 18, 2000.

Interest Rate Per Annum:  5.625%.

Interest Payment Dates:  Each July 18 and January 18,  commencing July 18, 1998,
         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.

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 16, 1998.

                              SALOMON SMITH BARNEY
<PAGE>

Form:  Global Note.

Specified Currency:  U.S. Dollars.

Trustee, Registrar, Authenticating and Paying Agent:
         The Bank of New York, under the Indenture dated as of May 1, 1994
         between the Trustee and The CIT Group, Inc.
         (formerly The CIT Group Holdings, Inc.)(the "Corporation").

                                  UNDERWRITING


         Salomon Brothers 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 January 13, 1998 (the "Terms  Agreement"),  between the
         Corporation and the Underwriter,  incorporating  the terms of a Selling
         Agency Agreement dated May 15, 1996, between the Corporation and Lehman
         Brothers,  Lehman Brothers Inc., Credit Suisse First Boston Corporation
         formerly known as 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  LLC,  the  Corporation  has  agreed to sell to the
         Underwriter,  and the Underwriter  has agreed to purchase,  $52,000,000
         aggregate 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
         initially  offer the Notes to the  public at the Issue  Price set forth
         above. After the initial public offering, the public offering price and
         other terms may be changed from time to time.  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.