TEAM RENTAL GROUP INC
10-C, 1996-07-18
AUTO RENTAL & LEASING (NO DRIVERS)
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                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549

                                   FORM 10-C

                REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
                         INTERDEALER QUOTATION SYSTEM
                 FILED PURSUANT TO SECTION 13 OR 15(D) OF THE
                SECURITIES EXCHANGE ACT OF 1934 AND RULE 13A-17
                             OR 15D-17 THEREUNDER

                            Team Rental Group, Inc.
- -------------------------------------------------------------------------------
                (EXACT NAME OF ISSUER AS SPECIFIED IN CHARTER)

           125 Basin Street, Suite 210, Daytona Beach, Florida 32114
- -------------------------------------------------------------------------------
                   (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

Issuer's telephone number, including area code        904/238-7035
                                                -------------------------------

                   I. CHANGE IN NUMBER OF SHARES OUTSTANDING

Indicate any change (increase or decrease) of five percent or more in the
number of shares outstanding:

1.      Title of security   Class A Common Stock, par value $0.01 per share
                         ------------------------------------------------------

2.      Number of shares outstanding before the change         5,493,176
                                                       ------------------------

3.      Number of shares outstanding after the change          9,314,183
                                                      -------------------------

4.      Effective date of change          July 9, 1996
                                -----------------------------------------------

5.      Method of change:              Public offering
                          -----------------------------------------------------

6.      Give brief description of transaction:

        On July 9, 1996, the Issuer issued and sold 3,821,007 shares of Class
        A Common Stock in an underwritten public offering pursuant to a
        Registration Statement on Form S-1 (File No. 333-4507) filed with the
        Securities and Exchange Commission. A total of 600,000 of such shares
        of Class A Common Stock were sold pursuant to the exercise by the
        underwriters of an option to purchase additional shares to cover
        over-allotments. The underwriters for the public offering were CS
        First Boston Corporation, The Chicago Corporation and McDonald &
        Company.


                         II. CHANGE IN NAME OF ISSUER

1.      Name prior to change                      N/A
                              -------------------------------------------------

2.      Name after change                         N/A
                           ----------------------------------------------------

3.      Effective date of Charter amendment changing name          N/A
                                                           --------------------

4.      Date of shareholder approval of change, if required         N/A
                                                             ------------------



Date: July 17, 1996                           /s/ Donald J. Norwalk
      --------------                         ----------------------
                                             Donald J. Norwalk
                                             Vice President and Treasurer










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