-----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,
 sDL6/QsAo1Bot90kcxFBDScT9Oyy4tNGbdwHo1hWi+Td1iL/CPGdL/FRIwH6XT2o
 YjemZWCKVFQ4wBImQU2azA==

<IMS-DOCUMENT>0000950157-94-000165.txt : 19941104
<IMS-HEADER>0000950157-94-000165.hdr.sgml : 19941104
ACCESSION NUMBER:		0000950157-94-000165
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19941103
SROS:			MSE
SROS:			NYSE
SROS:			PSE

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:	033-50232
		FILM NUMBER:		94557472

	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
<TEXT>



   Pricing Supplement No. 20 Dated October 28, 1994     Rule 424(b)(3)
   (To Prospectus dated August 6, 1992 and           File No. 33-50232
   Prospectus Supplement dated March 31, 1994)     CUSIP No. 78355HDB2

   $200,000,000

   RYDER SYSTEM, INC.

   Medium-Term Notes, Series 9
   (Registered Notes--Fixed Rate)
   Due Nine Months or More from Date of Issue

   Principal Amount:   $5,000,000

   Issue Price:        100%

   Issue Date:         11/4/94

   Maturity Date:      11/5/97

   Interest Rate:      7.67%

   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:           7.67%

      Initial Accrual Period OID:  N/A

   Name of Agent and Agent's Discount or Commission:

                Salomon Bros $17,500

   Additional Terms:


</TEXT>
</DOCUMENT>
</IMS-DOCUMENT>
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