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: