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                                   FORM T-1

                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                           STATEMENT OF ELIGIBILITY
                  UNDER THE TRUST INDENTURE ACT OF 1939 OF A
                   CORPORATION DESIGNATED TO ACT AS TRUSTEE

                     CHECK IF AN APPLICATION TO DETERMINE
                     ELIGIBILITY OF A TRUSTEE PURSUANT TO
                            SECTION 305(b)(2)   [_]

                            ----------------------

                             THE BANK OF NEW YORK
              (Exact name of trustee as specified in its charter)


                New York                                        13-5160382
        (State of incorporation                              (I.R.S. employer
      if not a U.S. national bank)                          identification no.)

    One Wall Street, New York, N.Y.                                10286
(Address of principal executive offices)                        (Zip code)


                            ----------------------


                            CASE CREDIT CORPORATION
              (Exact name of obligor as specified in its charter)


                Delaware                                        76-0394710
    (State or other jurisdiction of                          (I.R.S. employer
     incorporation or organization)                         identification no.)

            233 Lake Avenue
           Racine, Wisconsin                                       53404
(Address of principal executive offices)                        (Zip code)

                            ----------------------

                                Debt Securities
                      (Title of the indenture securities)


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1.  General information. Furnish the following information as to the Trustee:

    (a) Name and address of each examining or supervising authority to which it
        is subject.
 


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    Name                                       Address
                                                                      
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    Superintendent of Banks of the State of    2 Rector Street, New York,
    New York                                   N.Y. 10006, and Albany, N.Y. 12203
 
    Federal Reserve Bank of New York           33 Liberty Plaza, New York, N.Y. 10045
 
    Federal Deposit Insurance Corporation      Washington, D.C. 20429
 
    New York Clearing House Association        New York, New York 10005

    (b) Whether it is authorized to exercise corporate trust powers.

    Yes.

2.  Affiliations with Obligor.
 
    If the obligor is an affiliate of the trustee, describe each such
    affiliation.

    None.

16. List of Exhibits.

    Exhibits identified in parentheses below, on file with the Commission, are
    incorporated herein by reference as an exhibit hereto, pursuant to Rule 
    7a-29 under the Trust Indenture Act of 1939 (the "Act") and 17 C.F.R.
    229.10(d).

    1.  A copy of the Organization Certificate of The Bank of New York (formerly
        Irving Trust Company) as now in effect, which contains the authority to
        commence business and a grant of powers to exercise corporate trust
        powers. (Exhibit 1 to Amendment No. 1 to Form T-1 filed with
        Registration Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed
        with Registration Statement No. 33-21672 and Exhibit 1 to Form T-1 filed
        with Registration Statement No. 33-29637.)

    4.  A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1
        filed with Registration Statement No. 33-31019.)

    6.  The consent of the Trustee required by Section 321(b) of the Act.
        (Exhibit 6 to Form T-1 filed with Registration Statement No. 33-44051.)

    7.  A copy of the latest report of condition of the Trustee published
        pursuant to law or to the requirements of its supervising or examining
        authority.

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                                   SIGNATURE



    Pursuant to the requirements of the Act, the Trustee, The Bank of New York,
a corporation organized and existing under the laws of the State of New York,
has duly caused this statement of eligibility to be signed on its behalf by the
undersigned, thereunto duly authorized, all in The City of New York, and State
of New York, on the 19th day of January, 1999.


                                  THE BANK OF NEW YORK



                                  By:         /s/THOMAS C. KNIGHT
                                      -----------------------------------
                                    Name:   THOMAS C. KNIGHT
                                    Title:  ASSISTANT VICE PRESIDENT

 
                      Consolidated Report of Condition of

                             THE BANK OF NEW YORK

                    of 48 Wall Street, New York, N.Y. 10286
                    And Foreign and Domestic Subsidiaries,

a member of the Federal Reserve System, at the close of business June 30, 1998,
published in accordance with a call made by the Federal Reserve Bank of this
District pursuant to the provisions of the Federal Reserve Act.




                                                                  Dollar Amounts
ASSETS                                                             in Thousands
                                                               
Cash and balances due from depository
  institutions:
  Noninterest-bearing balances and currency and                      
    coin.................................................            $ 7,301,241
  Interest-bearing balances..............................              1,385,944
Securities:
  Held-to-maturity securities............................              1,000,737
  Available-for-sale securities..........................              4,240,655
Federal funds sold and Securities purchased                              
  under agreements to resell.............................                971,453
Loans and lease financing receivables:
  Loans and leases, net of unearned
    income...............38,788,269
  LESS: Allowance for loan and
    lease losses............632,875
  LESS: Allocated transfer risk
    reserve.......................0
  Loans and leases, net of unearned income,      
    allowance, and reserve...............................             38,155,394
Assets held in trading accounts..........................              1,307,562
Premises and fixed assets (including capitalized                         
  leases)................................................                670,445
Other real estate owned..................................                 13,598
Investments in unconsolidated subsidiaries and                           
  associated companies...................................                215,024
Customers' liability to this bank on acceptances                         
  outstanding............................................                974,237
Intangible assets........................................              1,102,625
Other assets.............................................              1,944,777
                                                                     -----------
Total assets.............................................            $59,283,692
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LIABILITIES
                                                                 
Deposits
  In domestic offices....................................           $26,930,258
  Noninterest-bearing..........................11,579,390
  Interest-bearing.............................15,350,868
  In foreign offices, Edge and Agreement                              
    subsidiaries, and IBFs...............................            16,117,854
  Noninterest-bearing.............................187,464
  Interest-bearing.............................15,930,390
Federal funds purchased and Securities sold      
  under agreements to repurchase.........................             2,170,238
Demand notes issued to the U.S.Treasury..................               300,000
Trading liabilities......................................             1,310,867
Other borrowed money:
  With remaining maturity of one year or less............             2,549,479
  With remaining maturity of more than one year                       
    through three years..................................                     0
  With remaining maturity of more than three years.......                46,654
Bank's liability on acceptances executed and                             
  outstanding............................................               983,398
Subordinated notes and debentures........................             1,314,000
Other liabilities........................................             2,295,520
                                                                    -----------
Total liabilities........................................            54,018,268
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EQUITY CAPITAL
Common stock.............................................             1,135,284
Surplus..................................................               731,319
Undivided profits and capital reserves...................             3,385,227
Net unrealized holding gains (losses) on                                  
  available-for-sale securities..........................                51,233
Cumulative foreign currency translation                                   
  adjustments............................................               (37,639)
                                                                    -----------
Total equity capital.....................................             5,265,424
                                                                    -----------
Total liabilities and equity capital.....................           $59,283,692
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     I, Robert E. Keilman, Senior Vice President and Comptroller of the above-
named bank do hereby declare that this Report of Condition has been prepared in
conformance with the instructions issued by the Board of Governors of the
Federal Reserve System and is true to the best of my knowledge and belief.

                                                          Robert E. Keilman

     We, the undersigned directors, attest to the correctness of this Report of
Condition and declare that it has been examined by us and to the best of our
knowledge and belief has been prepared in conformance with the instructions
issued by the Board of Governors of the Federal Reserve System and is true and
correct.
                    --
J. Carter Bacot      |                                      
Thomas A. Renyi      |    Directors
Alan R. Griffith     |
                    --


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