RYDER SYSTEM INC
424B3, 1995-02-07
AUTO RENTAL & LEASING (NO DRIVERS)
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     Pricing Supplement No. 28 Dated 2/3/95               Rule 424(b)(3)
     (To Prospectus dated August 6, 1992 and           File No. 33-50232
     Prospectus Supplement dated November 4, 1994)  CUSIP No. 78355H EJ4

     $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:   $5,000,000

     Issue Price:        100

     Issue Date:         2/10/95

     Maturity Date:      11/17/97

     Interest Rate:      7.78%

     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 Securities        $12,500

     Additional Terms:












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