<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<FILENAME>s440052.txt
<TEXT>
PROSPECTUS SUPPLEMENT NO. 11                   Filed pursuant to Rule 424(b)(3)
(To Prospectus dated July 25, 2001)                      File Number 333-59246


                                 $1,479,258,000
                               CENDANT CORPORATION
  Zero Coupon Senior Convertible Contingent Debt Securities (CODESSM) due 2021
            and CD Common Stock Issuable Upon Conversion of the CODES

         This prospectus supplement supplements the prospectus dated July 25,
2001 of Cendant Corporation, as supplemented August 1, 2001, August 16, 2001,
August 24, 2001, September 25, 2001, October 5, 2001, November 6, 2001, December
20, 2001, March 1, 2002, May 22, 2002 and August 30, 2002 relating to the sale
by certain of our securityholders (including their pledgees, donees, assignees,
transferees, successors and others who later hold any of the selling
securityholders' interests) of up to $1,479,258,000 aggregate principal amount
at maturity of CODES and the shares of CD common stock issuable upon conversion
of the CODES. You should read this prospectus supplement in conjunction with the
prospectus, and this prospectus supplement is qualified by reference to the
prospectus, except to the extent that the information in this prospectus
supplement supersedes the information contained in the prospectus.

         The following represents updated information regarding the selling
securityholders listed in the selling securityholders table in the prospectus:

<TABLE>
<CAPTION>

                                                            Aggregate                     Number of
                                                         Principal Amount                Shares of CD   Percentage of
                                                          at Maturity of  Percentage of  Common Stock    Shares of CD
                                                            CODES That        CODES        That May      Common Stock
Name                                                       May Be Sold     Outstanding    Be Sold(1)    Outstanding(2)
----                                                       -----------     -----------    ----------    --------------
<S>                                                         <C>                <C>          <C>               <C>
Family Service Life Insurance Company..................    $ 1,000,000         *           33,400             *
Guardian Life Insurance Company of America.............    $33,700,000        2.28%     1,125,580             *
Guardian Pension Trust.................................    $ 2,700,000         *           90,180             *
</TABLE>

-------------

*        Less than one percent (1%).

(1)      Assumes conversion of all of the holder's CODES at a conversion rate
         of 33.40 shares of CD common stock per $1,000 principal amount at
         maturity of the CODES. This conversion rate is subject to adjustment,
         however, as described under "Description of the CODES - Conversion
         Rights". As a result, the number of shares of CD common stock
         issuable upon conversion of the CODES may increase or decrease in the
         future. Does not include shares of CD common stock that may be issued
         by us upon purchase of CODES by us at the option of the holder.

(2)      Calculated based on Rule 13d-3(d)(i) of the Exchange Act, using
         1,036,488,745 shares of CD common stock outstanding as of September
         30, 2002. In calculating this amount for each holder, we treated as
         outstanding the number of shares of CD common stock issuable upon
         conversion of all of that holder's CODES, but we did not assume
         conversion of any other holder's CODES. Does not include shares of CD
         common stock that may be issued by us upon purchase of CODES by us at
         the option of the holder.


<PAGE>


         Investing in the CODES or shares of CD common stock involves risks that
are described in the "Risk Factors" section beginning on page 5 of the
prospectus.

         Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved of these securities or determined if this
prospectus supplement is truthful or complete. Any representation to the
contrary is a criminal offense.

          The date of this prospectus supplement is December 11, 2002.


</TEXT>
</DOCUMENT>