FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington,  D.C.  20549

Report of a Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934



For the month(s) of: November 12, 1998


NEWCOURT CREDIT GROUP INC.

BCE Place, 181 Bay Street
Suite 3500, P.O. Box 827
Toronto, Ontario
Canada, M5J 2T3


[Indicate by check mark whether the registrant files or will file annual 
reports under cover Form 20-F or Form 40-F.]

		Form 20-F	/ /			Form 40-F	   /X/	

 [Indicate by check mark whether the registrant by furnishing the 
information contained in this Form is also thereby furnishing the 
information to the Commission pursuant to Rule 12g3-2(b) under the 
Securities Exchange Act of 1934.]

		Yes	/ /				No		    /X/	

 [If "Yes" is marked, indicate below the file number assigned to the 
registrant in connection with Rule 12g3-2(b)]

		82-  				

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the 
registrant has duly caused this report to be signed on its behalf by the 
undersigned, thereunto duly authorized.

Date:  November 12,1998

NEWCOURT CREDIT GROUP INC.


By: John P. Stevenson
Corporate Secretary

News Release


For immediate release


Trading Symbol:   NCT      Contact: Robyn Matsumoto
                                    Corporate Affairs
Exchange Listings: Toronto          (416) 594-5308
                   Montreal
                   New York

 
Newcourt responds to request from Toronto Stock
             Exchange for comment 


TORONTO, November 12, 1998  -- Newcourt Credit 
Group (TSE: NCT; NYSE: NCT) today issued the 
following statement in response to a request from 
the Toronto Stock Exchange to comment on a 
speculative news report that appeared today.

"Newcourt will not comment on this rumor or 
speculation.  The Company does not have any 
material news or information to disclose to the 
marketplace.  As has always been the case, 
Newcourt continues to pursue a wide range of 
strategic alternatives to further consolidate and 
extend its competitive position.  Should a 
material event occur, the Company would 
immediately and broadly disseminate such news to 
the markets."

Newcourt Credit Group is one of the world's 
leading sources of commercial and corporate 
asset-based financing with owned and managed 
assets of $34.4 billion (US$22.4 billion) and a 
global capability in 26 countries.