Pricing Supplement No. 11 Dated 12/16/94 Rule 424(b)(3)
(To Prospectus dated August 6, 1992 and File No. 33-50232
Prospectus Supplement dated November 4, 1994) CUSIP No. 78355H DR7
$400,000,000
RYDER SYSTEM, INC.
Medium-Term Notes, Series 10
(Registered Notes--Fixed Rate)
Due Nine Months or More from Date of Issue
Principal Amount: $7,000,000
Issue Price: 100%
Issue Date: 12/23/94
Maturity Date: 12/23/99
Interest Rate: 8.35%
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: 8.35%
Initial Accrual Period OID:
Name of Agent and Agent's Discount or Commission:
Salomon Brothers $35,000.00
Additional Terms:
