EXHIBIT 99.3

                        CONSENT OF GOLDMAN, SACHS & CO.


August 28, 1997

Board of Directors
CUC International Inc.
707 Summer Street
Stamford, Connecticut 06901

Re:      Registration Statement of CUC International Inc. ("CUC") relating to
         the CUC Common Stock being registered in connection with the proposed
         merger of HFS Incorporated with CUC:

Members of the Board of Directors:

                  Reference is made to our opinion letter dated May 27, 1997
with respect to the fairness of CUC International Inc. ("CUC") of the exchange
ratio of 2.4031 shares of Common Stock, par value $.01 per share, of CUC to be
exchanged for each outstanding share of Common Stock, par value $.01 per
share, of HFS Incorporated ("HFS") pursuant to the Agreement and Plan of
Merger dated as of May 27, 1997 between CUC and HFS.

                  The foregoing opinion letter is provided for the information
and assistance of the Board of Directors of CUC in connection with its
consideration of the transaction contemplated therein and is not to be used,
circulated, quoted or otherwise referred to for any other purpose, nor is it
to be filed with, included in or referred to in whole or in part in any
registration statement, proxy statement or any other document, except in
accordance with our prior written consent. We understand that CUC has
determined to include our opinion in the above-referenced Registration
Statement.

                  In that regard, we hereby consent to the reference to the
opinion of our Firm under the captions "Opinions of Financial Advisors" and
"Opinion of CUC's Financial Advisor" and to the inclusion of the foregoing
opinion in the Joint Proxy Statement included in the above-mentioned
Registration Statement. In giving such consent, we do not thereby admit that
we come within the category of persons whose consent is required under Section
7 of the Securities Act of 1933 or the rules and regulations of the Securities
and Exchange Commission thereunder.

Very truly yours,

/s/Goldman, Sachs & Co.
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GOLDMAN, SACHS & CO.