UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

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

April 3, 2003 (April 3, 2003)
(Date of Report (Date of Earliest Event Reported))

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

Delaware
(State or other jurisdiction of incorporation or organization)		   1-10308
(Commission File No.)		   06-0918165
(I.R.S. Employer
Identification Number)
9 West 57th Street
New York, NY
(Address of principal executive office)		       10019
(Zip Code)
         
(212) 413-1800
 (Registrant's telephone number, including area code)
         
None
(Former name, former address and former fiscal year, if applicable)

Item 5.    Other Events

        EXCEPT AS EXPRESSLY INDICATED OR UNLESS THE CONTEXT OTHERWISE REQUIRES, "CENDANT", "WE", "OUR", OR "US" MEANS CENDANT CORPORATION, A DELAWARE CORPORATION, AND ITS SUBSIDIARIES.

        On April 3, 2003, we announced that our Board of Directors has authorized a $500 million increase in our share repurchase program.  A copy of the press release announcing such increase in our share repurchase program is attached as Exhibit 99 to this Form 8-K and is incorporated by reference herein.

Item 7.    Exhibits

        See Exhibit Index.


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/  ERIC J. BOCK      
Eric J. Bock
Executive Vice President and
Corporate Secretary
         
Date: April 3, 2003
 		       

CENDANT CORPORATION
CURRENT REPORT ON FORM 8-K
Report Dated April 3, 2003 (April 3, 2003)

EXHIBIT INDEX

Exhibit No.
   Description

99
 
Press Release issued by Cendant Corporation on April 3, 2003, announcing a $500 million increase in its share repurchase program.