Pricing Supplement No. 5 Dated April 22, 1994 Rule 424(b)(3)
(To Prospectus dated August 6, 1992 and File No. 33-50232
Prospectus Supplement dated March 31, 1994) CUSIP No. 78355HCK3
$200,000,000
RYDER SYSTEM, INC.
Medium-Term Notes, Series 9
 (Registered Notes--Fixed Rate)

Due Nine Months or More from Date of Issue

Principal Amount:   $36,920,000

Issue Price:        100%

Issue Date:         April 29, 1994

Maturity Date:      April 29, 1998

Interest Rate:      6.92%
          __                __	

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:       6.92%	

Initial Accrual Period OID: N/A
Name of Agent and Agent's Discount or Commission:
Merrill Lynch $166,140.00
Additional Terms: