-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: keymaster@town.hall.org
Originator-Key-Asymmetric:
 MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq
 pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ==
MIC-Info: RSA-MD5,RSA,
 B8xeqc6UlIHvRZA0PqNrON4ypNNNpjDRSNp+gomDjwJNrGK/oTzInUlfxyObrAdt
 ehcGaNkINLp6hLuOZaOLoA==

<IMS-DOCUMENT>0000950157-94-000024.txt : 19940413
<IMS-HEADER>0000950157-94-000024.hdr.sgml : 19940413
ACCESSION NUMBER:		0000950157-94-000024
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19940411

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RYDER SYSTEM INC
		CENTRAL INDEX KEY:			0000085961
		STANDARD INDUSTRIAL CLASSIFICATION:	7510
		IRS NUMBER:				590739250
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	033-20359
		FILM NUMBER:		94522138

	BUSINESS ADDRESS:	
		STREET 1:		3600 NW 82ND AVE
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33166
		BUSINESS PHONE:		3055933726

	MAIL ADDRESS:	
		STREET 1:		3600 NW 82 AVENUE
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33166
</IMS-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<DESCRIPTION>PRICING SUPPLEMENT NO. 23
<TEXT>


     Pricing Supplement No. 23; Dated April 8, 1994     Rule 424(b)(3)
     (To Prospectus dated March 11, 1988 and         File No. 33-20359
     Prospectus Supplement dated May 21, 1992)     CUSIP No. 783556CD9

     $200,000,000
     RYDER SYSTEM, INC.

     Medium-Term Notes, Series 8
     (Registered Notes--Fixed Rate)
     Due Nine Months to Thirty Years from Date of Issue

     Principal Amount:   $5,000,000 (Five million)

     Issue Price:        $5,000,000 (Five million) (100%)

     Issue Date:         April 15, 1994

     Maturity Date:      April 15, 1994

     Interest Rate:      6.99%
                    __                __
     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:     N/A
                                     __
     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:      N/A
                          __          __
     Discount note:      /_/  Yes    /X/     No

          Total Amount of OID:          N/A

          Yield to Maturity:            6.99%

          Initial Accrual Period OID:   N/A

     Name of Agent and Agent's Discount or Commission:

               J.P. Morgan $25,000

     Additional Terms: 
</TEXT>
</DOCUMENT>
</IMS-DOCUMENT>
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