FORM 8-K

                     SECURITIES AND EXCHANGE COMMISSION

                            Washington, DC 20549

                               CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of
                    the Securities Exchange Act of 1934

                      Date of Report: August 15, 2000
                     (Date of earliest event reported)


                            CENDANT CORPORATION
                        (Exact name of registrant as
                         specified in its charter)


             DELAWARE                  1-10308              06-0918165
           (State or other          (Commission            (IRS Employer
           jurisdiction of          File Number)           Identification
             incorporation)                                      No.)


                             9 WEST 57TH STREET
                             NEW YORK, NY 10019
                               (212) 413-1800
                 (Address including zip code, and telephone
                       number including area code of
                 registrants' principal executive offices)



Item 5. Other Events.

               On August 15, 2000, Cendant Corporation (the "Registrant")
announced that it had submitted to the Board of Directors of Avis Group
Holdings, Inc. ("Avis") a preliminary, non-binding proposal to acquire all
of the outstanding shares of Avis that are not currently owned by the
Registrant at a price of $29.00 per share in cash. A copy of the press
release issued by the Registrant on August 15, 2000 announcing the proposal
is attached hereto as Exhibit 99.1 and is incorporated herein by reference.


Item 7.  Financial Statements and Exhibits.

(a)     Not Applicable

(b)     Not Applicable

(c)     Exhibits:

        99.1                 Press release issued by Cendant
                             Corporation dated August 15, 2000



                                 SIGNATURES


               Pursuant to the requirements of the Securities Exchange Act
of 1934, as amended, 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
                                         Vice Chairman and General Counsel


Date:  August 15, 2000



                             INDEX TO EXHIBITS


    Exhibit No.      Exhibit                                          Page
    -----------      -------                                          ----

       99.1          Press release issued by Cendant Corporation
                     dated August 15, 2000
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{"company-data": {"conformed-name": "CENDANT CORP", "cik": "0000723612", "assigned-sic": "7200", "irs-number": "060918165", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-10308", "film-number": "702973"}, "business-address": {"street1": "9 W 57TH ST 57TH FL", "city": "NEW YORK", "state": "NY", "zip": "10019", "phone": "2124131800"}, "mail-address": {"street1": "707 SUMMER ST", "city": "STAMFORD", "state": "CT", "zip": "06901"}, "former-company": [{"former-conformed-name": "CUC INTERNATIONAL INC /DE/", "date-changed": "19920703"}, {"former-conformed-name": "COMP U CARD INTERNATIONAL INC", "date-changed": "19870914"}]}
FORM 8-K

                     SECURITIES AND EXCHANGE COMMISSION

                            Washington, DC 20549

                               CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of
                    the Securities Exchange Act of 1934

                      Date of Report: August 15, 2000
                     (Date of earliest event reported)

                            CENDANT CORPORATION
                        (Exact name of registrant as
                         specified in its charter)

             DELAWARE                  1-10308              06-0918165
           (State or other          (Commission            (IRS Employer
           jurisdiction of          File Number)           Identification
             incorporation)                                      No.)

                             9 WEST 57TH STREET
                             NEW YORK, NY 10019
                               (212) 413-1800
                 (Address including zip code, and telephone
                       number including area code of
                 registrants' principal executive offices)

Item 5. Other Events.

               On August 15, 2000, Cendant Corporation (the "Registrant")
announced that it had submitted to the Board of Directors of Avis Group
Holdings, Inc. ("Avis") a preliminary, non-binding proposal to acquire all
of the outstanding shares of Avis that are not currently owned by the
Registrant at a price of $29.00 per share in cash. A copy of the press
release issued by the Registrant on August 15, 2000 announcing the proposal
is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 7.  Financial Statements and Exhibits.

(a)     Not Applicable

(b)     Not Applicable

(c)     Exhibits:

        99.1                 Press release issued by Cendant
                             Corporation dated August 15, 2000

                                 SIGNATURES

               Pursuant to the requirements of the Securities Exchange Act
of 1934, as amended, 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
                                         Vice Chairman and General Counsel

Date:  August 15, 2000

                             INDEX TO EXHIBITS

    Exhibit No.      Exhibit                                          Page
    -----------      -------                                          ----

       99.1          Press release issued by Cendant Corporation
                     dated August 15, 2000