Avis Tries Harder to Make College Affordable, Joins Upromise College Savings Network

             Becomes Upromise's Exclusive Rental Car Participant

    GARDEN CITY, N.Y., July 10 Avis Rent A Car, Inc. today
announced it will contribute five percent of rental charges into college
savings accounts with tax advantages for Avis customers who enroll in
Upromise, the company that makes college more affordable.
    Avis is the only car rental company affiliated with the Upromise network.
    "A college education is one of the most important promises we make to our
children," said F. Robert Salerno, president and chief operating officer of
Avis.  "We view our five percent contributions towards college education as an
investment in the future as well as another way we seek to customize our
service.  Now, renting from Avis becomes a way to save for college."
    Avis customers may enroll in Upromise by going to the Upromise Web site,
http://www.upromise.com.  Once enrolled, Avis renters can receive a five
percent rebate on all qualifying rentals, made through a special Avis/Upromise
discount number and using one of their designated credit cards.  These
customers will receive a contribution in their Upromise account approximately
45 days after the completion of each rental, as well as other great rates and
discount opportunities.
    "Avis has made an important commitment to its customers in helping them
realize their dream of a college education for their children," said June
Blocklin, president of partner services, Upromise.  "Together with Avis, we
will change the way America's families save for college."
    The five percent contribution is based upon rental charges before taxes,
fuel, insurance charges, discounts, or other incidental charges.  Avis
contributions are available on all classes of Avis cars.  All U.S. residents
who rent from Avis in the United States or Canada are eligible to take
advantage of Upromise, but the program is not applicable to customers residing
elsewhere in the world.
    To be eligible for Upromise contributions from Avis, reservations must be
made directly through Avis, either on the company's Web Site,
http://www.avis.com or through the toll-free reservation number,
1-800-331-1212.  Also, customers using the Upromise discount cannot receive a
rebate on any other rate, including any corporate affiliation.
    Hundreds of top companies in various consumer segments now participate in
Upromise, all contributing a portion of their customers' spending to their
Upromise accounts.  Avis' parent company, Cendant Corporation, already
participates in Upromise through its CENTURY 21(R), COLDWELL BANKER(R) and
ERA(R) real estate brands.
    Avis Rent A Car System, Inc. and its subsidiaries operate the world's
second largest general-use car rental business, providing business and leisure
customers with a wide range of services at more than 1,650 locations in the
United States, Canada, Australia, New Zealand and the Latin/American Caribbean
region.  Avis is recognized as one of the world's top brands for customer
loyalty and as the industry leader in applying new technologies to grow its
business.  The company is a wholly owned subsidiary of Cendant Corporation
, a diversified global provider of business and consumer services
primarily within the real estate and travel sectors.
    For additional information and news about Avis, please log onto the Avis
Web Site at http://www.avis.com.
    To enroll in the free Upromise service, please visit
http://www.upromise.com.  Brokerage services are provided through Upromise
Investments, Inc., a wholly owned subsidiary of Upromise, Inc. and member
NASD/SIPC.