EXHIBIT 99

PRESS RELEASE


               CENDANT COMPLETES ACQUISITION OF HARPUR GROUP LTD.


     Stamford,  CT and  Parsippany,  NJ, January 20, 1998 - Cendant  Corporation
(NYSE:  CD) announced  today that it has completed its acquisition of The Harpur
Group Ltd., a leading fuel card and vehicle  management  company in the UK, from
privately held H-G Holdings,  Inc. for  approximately  $186 million in cash plus
contingent  payments  of up to $20  million  over  the  next  two  years.  It is
anticipated  that the  acquisition  will be  immediately  accretive to Cendant's
earnings per share.

     The Harpur Group (Trowbridge, UK) provides fuel card services in the United
Kingdom,  offering the Dialcard and Overdrive fuel card brands. The Company also
services the vehicle  management  market which  includes the provision of fleet,
maintenance  and accident  management  services.  With about 350,00  active fuel
cards  accepted at more than 12,000 petrol  stations in the UK, The Harpur Group
will be a strong  strategic  fit within  Cendant's  existing fuel card and fleet
management  businesses.  Combined with Cendant's  existing PHH fleet  management
operations,  the Harpur acquisition creates a network of over 900,000 fuel cards
and a fleet of 275,000 vehicles in the UK.

     The transaction does not include Harpur's  Australian fuel card business or
its private label card processing business,  based in Sophia Antipolis,  France.
Both  businesses  will be retained by H-G Holdings,  Inc.  within a newly formed
business unit, International Card Enterprises.

     Cendant Corporation is a global provider of consumer and business services,
and operates in three  principal  segments:  Membership,  Travel and Real Estate
Services. In Membership Services,  Cendant provides access to travel,  shopping,
auto,  dining  and  other  services  through  more than 73  million  memberships
worldwide.  In Travel Services,  Cendant is the leading franchisor of hotels and
rental car  agencies  worldwide,  the  premier  provider  of  vacation  exchange
services  and the  second  largest  fleet  management  company.  In Real  Estate
Services,  Cendant is the world's premier  franchisor of residential real estate
brokerage  offices,  a major  provider of mortgage  services to consumers  and a
global leader in corporate employee relocation.