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RYDER SYSTEM INC Director's Dealing 2004

Feb 25, 2004

30770_dirs_2004-02-25_afaf3f35-5e8c-480b-a835-505fa72eae32.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2004-02-24

Reporting Person: LOWE CHALLIS M (Executive Vice President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2004-02-24 Common Stock I 6900.0000 $35.5500 Acquired 9720.0000 Indirect
2004-02-24 Common Stock I 27.0000 $35.4800 Acquired 9747.0000 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 1844.0000 Indirect
Common Stock 12289.0000 Direct

Footnotes

F1: Includes 25 shares acquired by the reporting person through the Issuer's dividend reinvestment plan.