Pricing Supplement No. 1 Dated 08/10/99 Rule 424(b)(3)
(To Prospectus dated September 15, 1998 and File No. 333-63049
Prospectus Supplement dated August 3, 1999) CUSIP No. 78355H HU6
$300,000,000
RYDER SYSTEM, INC.
Medium-Term Notes, Series 16
(Registered Notes-Fixed Rate)
Due Nine Months or More from Date of Issue
Principal Amount: $10,000,000
Issue Price: 100
Issue Date: 08/13/99
Maturity Date: 08/13/04
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:
Salomon Smith Barney $50,000
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