Pricing Supplement No. 1 Dated 7/15/98 Rule 424(b)(3)
(To Prospectus dated April 20, 1995 and File No. 33-58667
Prospectus Supplement dated November 9, 1995) CUSIP No. 78355H GU7
$200,000,000
RYDER SYSTEM, INC.
Medium-Term Notes, Series 13
(Registered Notes--Fixed Rate)
Due Nine Months or More from Date of Issue
Principal Amount: $50,000,000
Issue Price: 100
Issue Date: 7/21/98
Maturity Date: 7/21/03
Interest Rate: 6.30%
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. $ 50,000
Merrill Lynch $ 50,000
Salomon Smith Barney $ 50,000
J.P. Morgan $100,000
Additional Terms:
