EXHIBIT 16




January 22, 1998


Securities and Exchange Commission
Mail Stop 9-5
450 Fifth St., N.W.
Washington, DC 20549

Dear Sirs:

We have read Item 4 of Form 8-K dated  January 22,  1998 of Cendant  Corporation
and are in agreement  with the  statements  contained in  paragraphs  (a)(i) and
(a)(ii) and (a)(iv) through and including (a)(vi) on Page 2 therein.  We have no
basis to agree or disagree  with other  statements of the  registrant  contained
therein.

Very truly yours,


/s/ Ernst & Young LLP
Ernst & Young LLP