RYDER SYSTEM INC
424B3, 1995-03-16
AUTO RENTAL & LEASING (NO DRIVERS)
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Pricing Supplement No. 12 Dated 3/13/95              Rule 424(b)(3)
(To Prospectus dated August 6, 1992 and           File No. 33-50232
Prospectus Supplement dated March 9, 1995)     CUSIP No. 78355H FB0

$200,000,000

RYDER SYSTEM, INC.

Medium-Term Notes, Series 11
(Registered Notes--Fixed Rate)
Due Nine Months or More from Date of Issue

Principal Amount:   $16,500,000

Issue Price:        100

Issue Date:         3/15/95

Maturity Date:      9/15/99

Interest Rate:      7.53%

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:

               J.P. Morgan              $74,250

Additional Terms:



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