SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b),(c)
AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)
(Amendment No. 1)
The CIT Group, Inc.
(Name of Issuer)
Class A Common Stock, $.01 par value
(Title of Class of Securities)
125577106
(CUSIP Number)
November 18, 1998
(Date of event which requires filing of this statement)
(Page 1 of 5 Pages)
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CUSIP No. 125577106 13G Page 2 of 5 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
The Dai-Ichi Kangyo Bank, Limited
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) /x/
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Japan
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NUMBER OF (5) SOLE VOTING POWER
SHARES 71,000,000
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BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 0
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EACH (7) SOLE DISPOSITIVE POWER
REPORTING 71,000,000
---------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
0
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
71,000,000
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(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES / /
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(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
43.7%
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(12) TYPE OF REPORTING PERSON HC
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CUSIP No. 125577106 13G Page 3 of 5 Pages
Item 1(a). Name of Issuer:
The CIT Group, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
1211 Avenue of the Americas, New York, New York 10036
Item 2(a). Name of Person Filing:
The Dai-Ichi Kangyo Bank, Limited ("DKB").
Item 2(b). Address of Principal Business Office or, if None,
Residence:
1-5, Uchisaiwaicho 1-chome, Chiyoda-ku, Tokyo 100-0011, Japan.
Item 2(c). Citizenship:
Japan.
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Item 2(d). Title of Class of Securities:
Class A Common Stock, $.01 par value.
Item 2(e). CUSIP Number:
125577106
Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-
2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the
Act,
(b) [ ] Bank as defined in Section 3(a)(6) of the Act,
(c) [ ] Insurance Company as defined in Section 3(a)(19) of
the Act,
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act of 1940,
(e) [ ] Investment Adviser in accordance with Rule
13d-1(b)(1)(ii)(E),
(f) [ ] Employee Benefit Plan or Endowment Fund in
accordance with 13d-1 (b)(1)(ii)(F),
(g) [ ] Parent Holding Company or control person in
accordance with Rule 13d-1 (b)(1)(ii)(G),
CUSIP No. 125577106 13G Page 4 of 5 Pages
(h) [ ] Savings Association as defined in Section 3(b) of
the Federal Deposit Insurance Act,
(i) [ ] Church Plan that is excluded from the definition of
an investment company under Section 3(c)(14) of the
Investment Company Act of 1940,
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Not applicable.
Item 4. Ownership.
(a) Amount beneficially owned:
DKB owns 71,000,000 shares of Class A Common Stock.
(b) Percent of class:
Based on its ownership of 71,000,000 shares of Class A
Common Stock, DKB owns 43.7% of the Issuer's Class A Common Stock (based
on 162,537,579 shares of Class A Common Stock outstanding as stated in
the Issuer's Form 10-Q, dated October 26, 1998).
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
71,000,000
(ii) shared power to vote or to direct the vote:
0
(iii) sole power to dispose or to direct the
disposition of:
71,000,000
(vi) shared power to dispose or to direct the
disposition of:
0
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
Not applicable
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding Company.
Not applicable.
CUSIP No. 125577106 13G Page 5 of 5 Pages
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
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Item 10. Certification.
Not applicable.
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement
is true, complete and correct.
DATED: February 3, 1999
/s/ Keiji Torii
Keiji Torii, as General Manager
International Planning &
Coordination Division of
The Dai-Ichi Kangyo Bank, Limited
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