Rule 424(b)(3)
                                     Registration Statement No. 333-98743 and
                                                                333-103966
                                     CUSIP # 12560PCY5

PRICING SUPPLEMENT NO. 3
Dated August 26, 2003 to
Prospectus, dated May 9, 2003 and
Prospectus Supplement, dated May 9, 2003.

                                 CIT GROUP INC.
                     GLOBAL MEDIUM-TERM FLOATING RATE NOTES
                   DUE NINE MONTHS OR MORE FROM DATE OF ISSUE

(X) Senior Note            (   ) Senior Subordinated Note

Principal Amount:  U.S. $275,000,000.00.

Proceeds to Corporation:  99.95001% or $274,862,527.50.

Agent Commission:  0.04999% or $137,472.50.

Issue Price:  100.00% or $275,000,000.00.

Original Issue Date:  August 29, 2003.

Maturity Date:  August 26, 2004.

Interest Rate Basis:  LIBOR Telerate.

Index Maturity:  Three months.

Spread:  +15 basis points (0.15%).

Interest Rate Calculation:  LIBOR Telerate determined on the Interest
                            Determination Date plus the Spread.

Initial Interest Rate:   LIBOR Telerate determined two London Business Days
                         prior to the Original Issue Date plus the Spread.

Specified Currency:  U.S. Dollars.

It is expected that the Notes will be ready for delivery in book-entry form on
or about August 29, 2003.

JPMorgan                                     Wachovia Securities
Goldman, Sachs & Co.                         Banc One Capital Markets, Inc.











Form:                          Global Note.

Interest Reset Dates:          Quarterly on November 26, 2003, February 26, 2004
                               and May 26, 2004, commencing November 26, 2003,
                               provided that if any Interest Reset Date would
                               otherwise fall on a day that is not a Business
                               Day, then the Interest Reset Date will be the
                               first following day that is a Business Day,
                               except that if such Business Day is in the next
                               succeeding calendar month, such Interest Reset
                               Date will be the immediately preceding Business
                               Day.

Interest Payment Dates:        November 26, 2003, February 26, 2004,
                               May 26, 2004 and on the Maturity Date,
                               commencing November 26, 2003, provided that if
                               any such day (other than the Maturity Date) is
                               not a Business Day, the Interest Payment Date
                               will be the next succeeding Business Day, except
                               that if such Business Day is in the next
                               succeeding calendar month, such Interest Payment
                               Date will be the immediately preceding Business
                               Day, and no interest on such payment will accrue
                               for the period from and after the Maturity 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 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.

Interest Determination Date:   Two London Business Days prior to each Interest
                               Reset 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.

Maximum Interest Rate:         Maximum rate permitted by New York law.

Minimum Interest Rate:         0.0%.

Exchange Listing:              None

Other Provisions:

         "LIBOR Telerate" means the rate for deposits in U.S. dollars having the
         Index Maturity specified above which appears on the Telerate Page 3750
         (defined below) as of 11:00 a.m., London time, on the applicable
         Interest Determination Date.

         "Telerate Page 3750" means the display page designated as page 3750 on
         the Moneyline Telerate service (or such other page as may replace page
         3750 on that service for the purpose of displaying London interbank
         offered rates).









         "Business Day" means any day, other than a Saturday or Sunday, that is
         neither a legal holiday nor a day on which banking institutions are
         generally authorized or required by law or regulation to close in The
         City of New York, which day is also a day on which dealings in deposits
         in U.S. dollars are transacted in the London interbank market.

         "London Business Day" means any day on which deposits in U.S. dollars
         are transacted in the London interbank market.

         Trustee, Registrar, Authenticating and Paying Agent: Bank One Trust
         Company, N.A.

Agents:


                  Agent                                                     Principal Amount
                  -----                                                     ----------------

                                                                             
                  J.P. Morgan Securities Inc.                                   $143,000,000
                  Wachovia Securities, Inc.                                     $100,000,000
                  Goldman, Sachs & Co.                                          $ 30,000,000
                  Banc One Capital Markets, Inc.                                $  2,000,000
                                                                              --------------

                  Total                                                         $275,000,000



CUSIP:  12560PCY5