RYDER SYSTEM INC
424B3, 1995-09-06
AUTO RENTAL & LEASING (NO DRIVERS)
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Pricing Supplement No. 28             Dated 8/30/95    Rule 424(b)(3)
(To Prospectus dated April 20, 1995 and             File No. 33-58667
Prospectus Supplement dated April 20, 1995)      CUSIP No. 78355H-GS2

$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:   $15,000,000

Issue Price:        100

Issue Date:         8/31/95

Maturity Date:      8/31/01

Interest Rate:      6.70%

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       $27,500
                    J.P. Morgan         $27,500
                    Morgan Stanley      $27,500

Additional Terms:


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