SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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                                    Form 8-K
              CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                         Commission file number 1-10308

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                      October 14, 1998 (September 29, 1998)
               (Date of Report (date of earliest event reported))


                               Cendant Corporation
             (Exact name of Registrant as specified in its charter)


           Delaware                                                06-0918165
(State or Other Jurisdiction of                                 (IRS Employer
Incorporation or Organization)                               Identification No.)

         6 Sylvan Way,
     Parsippany, New Jersey                                           07054
(Address of Principal Executive Office)                            (Zip Code)


                                 (973) 428-9700
              (Registrant's telephone number, including area code)



                                      None
       (Former name, former address and former fiscal year, if applicable)













Item 2.     Acquisition or Disposition of Assets

As previously  reported,  on April 27, 1998, Cendant Corporation (the "Company")
completed the acquisition of National  Parking  Corporation  Limited ("NPC") for
$1.6 billion in cash, which included the repayment of approximately $227 million
of  outstanding  NPC  debt.  NPC  is  comprised  of  two  substantial  operating
subsidiaries:  National  Car  Parks and Green  Flag.  National  Car Parks is the
largest  private  (nonmunicipal)  single car park operator in the United Kingdom
("UK") and Green Flag operates the third largest  roadside  assistance  group in
the UK and offers a wide-range  of emergency  support and rescue  services.  The
Company funded the NPC acquisition  with borrowings  under its revolving  credit
facilities.

     On September 29, 1998,  the Company filed an amended  Annual Report on Form
10-K/A for the year ended  December 31, 1997 which included  restated  financial
statements  for 1995,  1996 and 1997.  As a result  of the  restatement  of such
financial statements, the results of operations of NPC meet the materiality test
of Rule 3-05 of Regulation S-X. Accordingly, the Company expects to file audited
financial  statements of NPC and pro forma  financial  statements of the Company
giving effect to the acquisition of NPC within 60 days of this filing.


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                                    SIGNATURE



     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                                           CENDANT CORPORATION




                                           By:   /s/ James E.  Buckman
                                                 James E.  Buckman
                                                 Senior Executive Vice President
                                                 and General Counsel



Date: October 14, 1998














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