EXHIBIT 16TO FORM 8-K




May 15, 1998


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

Gentlemen:

We have read the matters reported  pursuant to item 304(a) of the Regulation S-K
included in Item 4 of Form 8-K dated May 18, 1998 of Cendant Corporation and are
in agreement  with the statements  contained in paragraphs  (i), (ii), the first
sentence of paragraph (iv) and paragraphs (v) and (vi) on Pages 2 and 3 therein.
We have no basis to agree or disagree with other  statements  of the  registrant
contained therein.

/s/ Ernst & Young LLP
Ernst & Young LLP