-----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,
 tCayxK+qPBp13ku4ZDMkiCMAf44UsVlCT0S/TEIc44pBObpY3hnE/8h7uWkyovmj
 qsg/mPZSwSlvjO8J3l6syQ==

<IMS-DOCUMENT>0000950157-94-000176.txt : 19941122
<IMS-HEADER>0000950157-94-000176.hdr.sgml : 19941122
ACCESSION NUMBER:		0000950157-94-000176
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19941118
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:		94561190

	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. 3   Dated Nov. 16, 1994       Rule 424(b)(3)
     (To Prospectus dated August 6, 1992 and           File No. 33-50232
     Prospectus Supplement dated November 4, 1994)  CUSIP No. 78355H DH9

     $400,000,000

     RYDER SYSTEM, INC.

     Medium-Term Notes, Series 10
     (Registered Notes--Fixed Rate)
     Due Nine Months or More from Date of Issue

     Principal Amount:   $7,000,000

     Issue Price:        100%

     Issue Date:         11/23/94

     Maturity Date:      11/24/97

     Interest Rate:      7.87%

     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:      N/A

     Discount note:  [ ]  Yes   [x]  No 

          Total Amount of OID:          N/A

          Yield to Maturity:       7.87%

          Initial Accrual Period OID:   N/A


     Name of Agent and Agent's Discount or Commission:

          J.P. Morgan              $14,000
          Merrill Lynch            $10,500

     Additional Terms:





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