EXHIBIT 99.1
RYDER SYSTEM, INC. EMPLOYEE SAVINGS PLAN A
ITEM 27A - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
DECEMBER 31, 1998
NUMBER OF
SHARES, UNITS
OR PRINCIPAL MARKET
ISSUER AMOUNTS COST VALUE
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Ryder System, Inc. Common Stock Fund* 1,400,490 $13,482,657 11,371,980
Fidelity Short-Term Interest Fund* 5,619,021 5,619,021 5,619,021
Fidelity Equity-Income Fund* 312,909 15,836,569 17,382,113
Putnam Voyager Fund A 1,608,573 21,830,001 35,259,915
Fidelity Contrafund* 234,010 11,299,542 13,289,456
Fidelity Diversified International Fund* 318,924 5,421,253 5,651,326
Fidelity Asset Manager Growth Fund* 58,784 1,117,289 1,098,080
Fidelity Asset Manager Fund* 28,211 516,318 490,594
Fidelity Asset Manager Income Fund* 31,915 395,400 393,191
Fidelity U.S. Bond Index Fund* 49,528 543,006 545,802
Spartan U.S. Equity Index Fund* 36,092 1,340,585 1,586,608
Fidelity Aggressive Growth Fund* 28,316 796,938 899,600
Fidelity Growth Company Fund* 13,794 653,129 703,779
Participant Loans 10,052,871 - 10,052,871
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$78,851,708 104,344,336
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<FN>
* Represents a Party-in-Interest
</FN>
NUMBER OF
SHARES, UNITS
OR PRINCIPAL CONTRACT MARKET
INVESTMENT CONTRACTS AMOUNTS VALUE VALUE
- ---------------------------------------------------------------------------------------------------------------------------
TRADITIONAL GUARANTEED INVESTMENT CONTRACTS:
Aetna Life Insurance Co. 014162 7.85% 9/30/99 $ 1,495,166 1,495,166 1,521,465
AIG Life Insurance Co. GIC-898 7.08% 6/30/99 720,834 720,834 734,540
Allstate Life Insurance Co. 6006 6.87% 4/02/01 1,373,027 1,373,027 1,429,081
Continental Assurance Co. MBIA/CNA 2400 6.04% 6/30/99 951,896 951,896 956,830
Continental Assurance Co. GP-12917 5.17% 3/31/99 1,330,931 1,330,931 1,331,399
Continental Assurance Co. GP-24037-006 6.04% 12/31/99 1,094,924 1,094,924 1,107,430
John Hancock Mutual Life Insurance Co. 7747 8.02% 9/30/99 1,106,077 1,106,077 1,128,583
John Hancock Mutual Life Insurance Co. 8613 7.21% 10/02/00 1,221,683 1,221,683 1,272,104
Metropolitan Life GAC 24757 6.42% 12/31/99 1,564,521 1,564,521 1,591,514
Monumental Life Insurance Co. BDA00626FR-00 7.03% 3/31/00 1,110,820 1,110,820 1,148,914
New York Life GA30317 6.29% 6/30/99 379,177 379,177 381,521
New York Life GA30317002 6.44% 8/16/99 888,215 888,215 895,778
Pacific Life Insurance Co. G-26167.01 4.20% 1/19/99 526,666 526,666 525,570
Principal Life Insurance Co. 42,112,901 5.95% 9/29/00 486,485 486,485 492,442
Principal Life Insurance Co. 42,112,902 7.05% 12/31/99 1,445,120 1,445,120 1,486,438
Prudential Insurance Co. of America 007819 211 5.77% 7/31/00 1,458,996 1,458,996 1,467,721
Transamerica Occidental Life Insurance Co. 51214 7.10% 3/31/99 908,823 908,823 913,228
SYNTHETIC GUARANTEED INVESTMENT CONTRACTS:
AIG Financial Products Corp. 163083 6.48% 1/15/99 1,745,900 1,745,900 1,787,117
Chase Manhattan Bank 401,078 5.95% 1/15/99 1,392,159 1,392,159 1,419,241
Chase Manhattan Bank 401,266 4.55% 2/16/99 1,465,882 1,465,882 1,450,021
Deutsche Bank FID-RYD-1 5.75% 1/15/99 1,547,502 1,547,502 1,546,655
Monumental Life Insurance Co. BDA00367TR-03 5.86% 1/15/99 1,044,350 1,044,350 1,044,539
Monumental Life Insurance Co. BDA00367TR-04 4.73% 10/15/01 1,403,235 1,403,235 1,392,574
Monumental Life Insurance Co. BDA00367TR-02 6.16% 1/15/99 1,719,264 1,719,264 1,740,814
Morgan Guaranty RYDER01A 6.02% 1/15/99 1,399,974 1,399,974 1,413,692
Morgan Guaranty RYDER02 5.98% 1/15/99 1,104,465 1,104,465 1,112,222
State Street Bank 98,052 5.87% 1/15/99 1,053,145 1,053,145 1,054,064
Transamerica Life Insurance and Annuity Co. 76710 6.34% 1/25/99 1,391,728 1,391,728 1,424,280
Union Bank of Switzerland 2340 6.40% 1/6/99 1,748,732 1,748,732 1,779,133
Westdeutsche Landesbank WLB6007 5.97% 1/15/99 1,887,886 1,887,886 1,890,378
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$36,967,583 36,967,583 37,439,288
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