CIT GROUP INC
8-K, EX-99.2, 2000-07-28
SHORT-TERM BUSINESS CREDIT INSTITUTIONS
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                                                                    Exhibit 99.2

[The CIT Group, Inc. Logo]

                                                     Contact: Michael J. McGowan
                                                     Senior Vice President
                                                     Communications Services
                                                     (973) 535-3506
                                                     [email protected]

FROM:     THE CIT GROUP, INC.
          1211 AVENUE OF THE AMERICAS
          NEW YORK, NY  10036

FOR IMMEDIATE RELEASE

             THE CIT GROUP, INC. DECLARES REGULAR QUARTERLY DIVIDEND

      LIVINGSTON, NEW JERSEY, July 27, 2000 --- The Board of Directors of The
CIT Group, Inc. (NYSE:CIT; TSE:CIT.U) today declared a regular quarterly cash
dividend of $.10 per common share for shareholders of record on August 10, 2000.
The cash dividend is payable on August 31, 2000.

      CIT is one of the largest commercial and consumer financing companies in
the world. Founded in 1908, CIT provides diversified financing products and
services to a broad range of customers through strategically focused business
units.

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