CENDANT CORP
10-K/A, 1998-04-07
PERSONAL SERVICES
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                      SECURITIES AND EXCHANGE COMMISSION 
                            WASHINGTON, D.C. 20549 

                                  ---------

                                 FORM 10-K/A 

             ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE 
                       SECURITIES EXCHANGE ACT OF 1934 
                 For the fiscal year ended December 31, 1997 
                         COMMISSION FILE NO. 1-10308 

                                  ---------

                             CENDANT CORPORATION 
            (Exact name of Registrant as specified in its charter) 

<TABLE>
<CAPTION>
   <S>                                         <C>            
                  DELAWARE                           06-0918165 
         (State or other jurisdiction             (I.R.S. Employer 
      of incorporation or organization)        Identification Number) 

             6 SYLVAN WAY 
         PARSIPPANY, NEW JERSEY                       07054 
(Address of principal executive office)             (Zip Code) 

                             (973) 428-9700 
           (Registrant's telephone number, including area code) 
</TABLE>

                                  ---------

         SECURITIES REGISTERED PURSUANT TO SECTION 12(B) OF THE ACT: 

<TABLE>
<CAPTION>
                                             NAME OF EACH EXCHANGE 
           TITLE OF EACH CLASS                ON WHICH REGISTERED 
- ----------------------------------------  --------------------------- 
<S>                                        <C>                       
       Common Stock, Par Value $.01         New York Stock Exchange 
       5 7/8% Senior Notes due 1998         New York Stock Exchange 
 4 3/4% Convertible Senior Notes due 2003   New York Stock Exchange 
             FELINE PRIDES(SM)              New York Stock Exchange 
             Income PRIDES(SM)              New York Stock Exchange 
             Growth PRIDES(SM)              New York Stock Exchange 
</TABLE>

       SECURITIES REGISTERED PURSUANT TO SECTION 12(G) OF THE ACT: NONE 

   Indicate by check mark whether the Registrant (1) has filed all reports 
required to be filed by Section 13 or 15(d) of the Securities and Exchange 
Act of 1934 during the preceding 12 months (or for such shorter period that 
the Registrant was required to file such reports), and (2) has been subject 
to such filing requirements for the past 90 days: Yes [X] No [ ] 

   Indicate by check mark if disclosure of delinquent filers pursuant to Item 
405 of Regulation S-K is not contained herein, and will not be contained, to 
the best of Registrant's knowledge, in definitive proxy or information 
statements incorporated by reference in Part III of this Form 10-K or any 
amendment to this Form 10-K. [ ] 

   The aggregate market value of the Common Stock issued and outstanding and 
held by nonaffiliates of the Registrant, based upon the closing price for the 
Common Stock on the New York Stock Exchange on March 20, 1998, was $ 
30,448,280,000. All executive officers and directors of the registrant have 
been deemed, solely for the purpose of the foregoing calculation, to be 
"affiliates" of the registrant. 

   The number of shares outstanding of each of the Registrant's classes of 
common stock was 843,661,053 shares of Common Stock outstanding as at March 
20, 1998. 

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                                  SIGNATURES 

Pursuant to the requirements of Section 13 or 15(d) of the Securities 
Exchange Act of 1934, the Registrant has duly caused this amended report to 
be signed on its behalf by the undersigned, thereunto duly authorized. 

                                          CENDANT CORPORATION 
                                          By: /s/ James E. Buckman 
                                              ------------------------------- 
                                              James E. Buckman 
                                              Senior Executive Vice President 
                                              and General Counsel 
                                              Date: April 6, 1998 

Pursuant to the requirements of Section 13 or 15(d) of the Securities 
Exchange Act of 1934, this amended report has been signed below by the 
following persons on behalf of the Registrant and in the capacities and 
on the dates indicated. 

<TABLE>
<CAPTION>
 SIGNATURE                         TITLE                                          DATE 
- ---------------------------------  -------------------------------------- ------------------ 
<S>                               <C>                                     <C>
/s/ Walter A. Forbes 
- ---------------------------------  Chairman of the Board                      April 6, 1998
(Walter A. Forbes)                

/s/ Henry R. Silverman 
- ---------------------------------  President, Chief Executive Officer and     April 6, 1998
(Henry R. Silverman)                Director                               

                                   Vice Chairman, Chief Financial Officer     April 6, 1998 
- --------------------------------    and Director (Principal Financial 
(Michael P. Monaco)                 Officer)                              

/s/ Scott E. Forbes 
- ---------------------------------  Senior Vice President--Finance             April 6, 1998
(Scott E. Forbes)                   (Principal Accounting Officer)  

/s/ Stephen P. Holmes 
- ---------------------------------  Vice Chairman and Director                 April 6, 1998
(Stephen P. Holmes)                

/s/ Robert D. Kunisch 
- ---------------------------------  Vice Chairman and Director                 April 6, 1998
(Robert D. Kunisch)                 

/s/ Christopher K. McLeod 
- ---------------------------------  Vice Chairman and Director                 April 6, 1998
(Christopher K. McLeod)             

/s/ E. Kirk Shelton 
- ---------------------------------  Vice Chairman and Director                 April 6, 1998
(E. Kirk Shelton)                   

/s/ Robert T. Tucker 
- ---------------------------------  Vice Chairman, Director, and Secretary     April 6, 1998
(Robert T. Tucker)                 

/s/ James E. Buckman 
- ---------------------------------  Senior Executive Vice President,           April 6, 1998
(James E. Buckman)                  General Counsel and Director      

/s/ John D. Snodgrass 
- ---------------------------------  Director                                   April 6, 1998
(John D. Snodgrass)               

 
- ---------------------------------  Director                                   April 6, 1998
(Bartlett Burnap)                  

                                
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SIGNATURE                          TITLE                                          DATE 
- ---------------------------------  -------------------------------------- ------------------ 
                       
- --------------------------------- 
 (Leonard S. Coleman)              Director                                  April 6, 1998 

/s/ T. Barnes Donnelley 
- --------------------------------- 
 (T. Barnes Donnelley)             Director                                  April 6, 1998 

/s/ Martin L. Edelman 
- --------------------------------- 
 (Martin L. Edelman)               Director                                  April 6, 1998 

                       
- --------------------------------- 
 (Frederick D. Green)              Director                                  April 6, 1998 

/s/ Stephen A. Greyser 
- --------------------------------- 
 (Stephen A. Greyser)              Director                                  April 6, 1998 

/s/ Dr. Carole G. Hankin 
- --------------------------------- 
 (Dr. Carole G. Hankin)            Director                                  April 6, 1998 

                   
- --------------------------------- 
 (The Rt. Hon. Brian Mulroney,
  P.C., LL.D)                      Director                                  April 6, 1998 
/s/ Robert E. Nederlander 
- --------------------------------- 
 (Robert E. Nederlander)           Director                                  April 6, 1998 

/s/ Burton C. Perfit 
- --------------------------------- 
 (Burton C. Perfit)                Director                                  April 6, 1998 

                        
- --------------------------------- 
 (Anthony G. Petrello)             Director                                  April 6, 1998 

/s/ Robert W. Pittman 
- --------------------------------- 
 (Robert W. Pittman)               Director                                  April 6, 1998 

                           
- --------------------------------- 
 (E. John Rosenwald, Jr.)          Director                                  April 6, 1998 

                          
- --------------------------------- 
 (Robert P. Rittereiser)           Director                                  April 6, 1998 

/s/ Stanley M. Rumbough, Jr. 
- --------------------------------- 
 (Stanley M. Rumbough, Jr.)        Director                                  April 6, 1998 

                      
- --------------------------------- 
 (Leonard Schutzman)               Director                                  April 6, 1998 

                    
- --------------------------------- 
 (Robert F. Smith)                 Director                                  April 6, 1998 

  Craig R. Stapleton 
- --------------------------------- 
 (Craig R. Stapleton)              Director                                  April 6, 1998 
</TABLE>

                             
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                                EXHIBIT INDEX

<TABLE>
<CAPTION>
  EXHIBIT NO.                      DESCRIPTION 
- ---------------  ---------------------------------------------
<S>              <C>                                                                                      

      21         Subsidiaries of Registrant

</TABLE>






<PAGE>

                              CENDANT CORPORATION
                            SIGNIFICANT SUBSIDIARIES

                                                                    STATE OF
                    SUBSIDIARY                                    INCORPORATION

Cendant Operations, Inc.                                                DE     
HFS Car Rental Holdings, Inc.                                           DE     
Cendant Car Rental, Inc.                                                DE     
Wizard Co. Inc.                                                         DE     
PHH Corporation                                                         MD     
Cendant Mobility Services Corp.                                         DE     
Cendant Mortgage Corporation                                            NJ     
PHH Vehicle Management Services Corporation                             MD     
RCI General Holdco 1, Inc.                                              DE     
RCI General Holdco 2, Inc.                                              DE     
Resort Condominiums International, LLC                                  DE     
RCI Holdings One, Inc.                                                  DE     
TM Acquisition Corp.                                                    DE     
Ideon Group, Inc.                                                       DE     
FISI*Madison Financial Corporation                                      TN     
Benefit Consultants, Inc.                                               DE     
Entertainment Publications, Inc.                                        MI     
Cendant Membership Services, Inc. (includes Comp-U-Card div.)           DE     
Hebdo Mag Inc.                                                        Canada   
Cendant Software Corporation                                            DE     
Benefit Consultants Membership Inc.                                     DE     
Sierra On-Line, Inc.                                                    DE     
Davidson & Associates, Inc.                                             CA     
Advance Ross Corporation                                                DE     
Getko Group, Inc.                                                       NY     
                                                                               
                                                                               




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