Pricing Supplement No. 5 Dated 1/13/99 Rule 424(b)(3)
(To Prospectus dated September 15, 1998 and File No. 333-63049
Prospectus Supplement dated December 7, 1998) CUSIP No. 78355H HH5
$200,000,000
RYDER SYSTEM, INC.
Medium-Term Notes, Series 15
 (Registered Notes-Fixed Rate)

Due Nine Months or More from Date of Issue

Principal Amount:                   $18,000,000

Issue Price:                        100

Issue Date:                         1/19/99

Maturity Date:                      1/20/09

Interest Rate:                      6.42%

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:
Morgan Stanley $108,000
Additional Terms: