Filed pursuant to Rule No. 424(b)(3)
                                                            File No. 333-83334


PROSPECTUS SUPPLEMENT NO. 7
(To Prospectus dated March 15, 2002)

                                $1,200,000,000
                              CENDANT CORPORATION
                 3 7/8% Convertible Senior Debentures due 2011
   and shares of CD common stock issuable upon conversion of the debentures

         This prospectus supplement supplements the prospectus dated March 15,
2002 of Cendant Corporation, as supplemented on April 15, 2002, May 7, 2002,
May 31, 2002, July 2, 2002, August 26, 2002 and January 15, 2003, 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 $1,200,000,000 aggregate
principal amount of debentures and the shares of CD common stock issuable upon
conversion of the debentures. 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 table of selling securityholders contained in the prospectus is
hereby amended to add the entity who is named below as a selling
securityholder:




                                                Aggregate                         Number of
                                             Principal Amount                    Shares of CD      Percentage of
                                              at Maturity of     Percentage of   Common Stock      Shares of CD
                                             Debentures That       Debentures      That May        Common Stock
                        Name                   May Be Sold        Outstanding     Be Sold(1)      Outstanding(2)
                        ----                   -----------        -----------     ----------      --------------

                                                                                          
The Philanthropic Pension...................    $170,000              *             7,069              *

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

*          Less than one percent (1%).

(1)        Assumes conversion of all of the holder's debentures at a
           conversion rate of 41.58 shares of CD common stock per $1,000
           principal amount of the debentures. This conversion rate is subject
           to adjustment, however, as described under "Description of
           Debentures--Conversion Rights". As a result, the number of shares
           of CD common stock issuable upon conversion of the debentures may
           increase or decrease in the future. Does not include shares of CD
           common stock that may be issued by us upon purchase of the
           debentures 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 debentures, but we did not
           assume conversion of any other holder's debentures. Does not
           include shares of CD common stock that may be issued by us upon
           purchase of the debentures by us at the option of the holder.


         Investing in the debentures or shares of CD common stock involves
risks that are described in the "Risk Factors" section beginning on page 14 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 January 30, 2003.