RYDER SYSTEM INC
424B3, 1995-05-04
AUTO RENTAL & LEASING (NO DRIVERS)
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Pricing Supplement No. 15   Dated May 1, 1995           Rule 424(b)(3)
(To Prospectus dated April 20, 1995 and              File No. 33-58667
Prospectus Supplement dated April 20, 1995)       CUSIP No. 78355H GD5

$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:         $10,000,000

Issue Price:              100

Issue Date:               5/5/95

Maturity Date:            2/15/01

Interest Rate:            7.46%

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:

         Morgan Stanley                              $50,000

Additional Terms:




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