RYDER SYSTEM INC
424B3, 1995-05-16
AUTO RENTAL & LEASING (NO DRIVERS)
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Pricing Supplement No. 22       Dated 5/10/95            Rule 424(b)(3)
(To Prospectus dated April 20, 1995 and               File No. 33-58667
Prospectus Supplement dated April 20, 1995)        CUSIP No. 78355H GL7

$400,000,000

RYDER SYSTEM, INC.

Medium-Term Notes, Series 12
(Registered Notes--Fixed Rate)
Due Nine Months or More from Date of Issue

Principal Amount:      $25,000,000

Issue Price:           100

Issue Date:            5/17/95

Maturity Date:         4/20/01

Interest Rate:         6.77%

Form:  [X] Book Entry  [ ] Certificated

Redemption:   [X] The Notes cannot be redeemed prior to maturity.
              [ ] The Notes may be redeemed prior to maturity.

         Terms of Redemption:           --

Repayment at option of holder:    [X] The holder has no option to
                                      elect repayment of the Notes
                                      prior to maturity.
                                  [ ] The Notes are repayable
                                      prior to maturity at the
                                      option of holder.

         Terms of Repayment:            --

Discount note:  [ ]  Yes   [X]  No

         Total Amount of OID:           --

         Yield to Maturity:             --

         Initial Accrual Period OID:    --

Name of Agent and Agent's Discount or Commission:

               Merrill Lynch            $125,000

Additional Terms:




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