Pricing Supplement No. 3 Dated 4/21/95 Rule 424(b)(3)
(To Prospectus dated April 20, 1995 and File No. 33-58667
Prospectus Supplement dated April 20, 1995) CUSIP No. 78355H FR5
$400,000,000
RYDER SYSTEM, INC.
Medium-Term Notes, Series 12
 (Registered Notes--Fixed Rate)

Due Nine Months or More from Date of Issue

Principal Amount:   $4,000,000

Issue Price:        100

Issue Date:         4/28/95

Maturity Date:      8/15/00

Interest Rate:      7.31%	

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:
Merrill Lynch $20,000
Additional Terms: