-----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,
 DPpYRAIHL70Kr9l5RCfTucisLqsTDH4rCguwixepHSAI2Xy1wWnEfxJAX5jpUiOR
 iulvb5bBCETHcwVBUipa/w==

<IMS-DOCUMENT>0000950157-95-000105.txt : 19950616
<IMS-HEADER>0000950157-95-000105.hdr.sgml : 19950616
ACCESSION NUMBER:		0000950157-95-000105
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19950321
SROS:			MSE
SROS:			NYSE
SROS:			PSE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RYDER SYSTEM INC
		CENTRAL INDEX KEY:			0000085961
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-AUTO RENTAL & LEASING (NO DRIVERS) [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:		95522158

	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 3/17/95             Rule 424(b)(3)
(To Prospectus dated August 6, 1992 and         File No. 33-50232
Prospectus Supplement dated March 9, 1995)   CUSIP No. 78355H FN4

$200,000,000

RYDER SYSTEM, INC.

Medium-Term Notes, Series 11
(Registered Notes--Fixed Rate)
Due Nine Months or More from Date of Issue

Principal Amount:   $8,500,000

Issue Price:        100

Issue Date:         3/24/95

Maturity Date:      3/24/00

Interest Rate:      7.51%

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:       --

Discount note:  [ ]  Yes   [x]  No

         Total Amount of OID:           --

         Yield to Maturity:             --

         Initial Accrual Period OID:    --

Name of Agent and Agent's Discount or Commission:

               J. P. Morgan               $42,500

Additional Terms:



</TEXT>
</DOCUMENT>
</IMS-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
