-----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,
 W8w7PsnIf0z52nd3fF2mgFNbXUGunJVgIzkSWQ9x6DY90H5e22yqY3XMZNjKUGyF
 Pmd+PofWnAMbHqY/guITlA==

<IMS-DOCUMENT>0000950157-94-000038.txt : 19940421
<IMS-HEADER>0000950157-94-000038.hdr.sgml : 19940421
ACCESSION NUMBER:		0000950157-94-000038
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19940420

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:		94523443

	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. 78355HCD9


     $200,000,000


     RYDER SYSTEM, INC.


     Medium-Term Notes, Series 8
     (Registered Notes--Fixed Rate)
     Due from 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, 1999    

     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>
-----END PRIVACY-ENHANCED MESSAGE-----
