RYDER SYSTEM INC
424B3, 1999-07-01
AUTO RENTAL & LEASING (NO DRIVERS)
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Pricing Supplement No. 14           Dated 6/30/99           Rule 424(b)(3)
(To Prospectus dated September 15, 1998 and             File No. 333-63049
Prospectus Supplement dated December 7, 1998)         CUSIP No. 78355H HS1




$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:                   $5,000,000

Issue Price:                        100

Issue Date:                         07/06/99

Maturity Date:                      07/08/02

Interest Rate:                      6.95%

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                  $17,500


Additional Terms:



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