Corporate Profile for The CIT Group, dated Sept. 8.

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Published date:   September 8th

Company name:     The CIT Group

Address:          650 CIT Drive
                  Livingston, N.J.

Telephone No.:    [phone]

Chief Executive
 Officer:         Albert R. Gamper, Jr.

Chief Financial
 Officer:         Joseph M. Leone

Investor Relations
 Contact:         Michael J. McGowan

Public Relations
 Contact:         Michael J. McGowan
 Business number: [phone]
 Home number:     [phone]

Industry:         Commercial and consumer finance

Company description: Founded in 1908, The CIT Group is a $16 billion asset-based financing organization, serving both businesses and consumers throughout the United States. CIT is 60 percent owned by the Dai-Ichi Kangyo Bank Ltd., one of the world's largest banks, and 40 percent by Chemical Banking Corporation, one of the largest bank holding companies in the U.S.

Comprised of eight operating units, CIT provides financing to middle-market and larger businesses in diverse markets. The Company holds a leadership position in providing funding options to companies in the construction, printing, machine tools, plastics, aerospace, marine, recreational vehicle and manufactured housing industries, among others.

Among its businesses, CIT operates the largest factoring organization in the U.S., The CIT Group/Commercial Services. Other operating units include a venture capital/equity investment operation, The CIT Group/Equity Investments, and The CIT Group/Consumer Finance, a company that provides home equity financing to homeowners throughout the country.

At December 31, 1994, CIT reported record fiscal year end earnings of $201.1 million, a 10.3% increase over 1993 results. For the first six months of 1995 ended June 30, 1995, CIT reported record net income of $109.3 million, an increase of 10.4 percent over 1994.

CONTACT: The CIT Group