Pricing Supplement No. 1 Dated 12/9/98 Rule 424(b)(3)
(To Prospectus dated File No. 333-63049
September 15, 1998 and CUSIP No. 78355H HD4
Prospectus Supplement dated
December 7, 1998)
$200,000,000
RYDER SYSTEM, INC.
Medium-Term Notes, Series 15
(Registered Notes-Fixed Rate)
Due Nine Months or More from Date of Issue
Principal Amount: $20,000,000
Issue Price: 100
Issue Date: 12/14/98
Maturity Date: 3/29/02
Interest Rate: 6.05%
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 & Co. $70,000
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Additional Terms:
