DEERE JOHN CAPITAL CORP
424B3, 1994-12-15
MISCELLANEOUS BUSINESS CREDIT INSTITUTION
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PROSPECTUS and						PRICING SUPPLEMENT NO. 16
PROSPECTUS SUPPLEMENT, each			      Effective at 12:20 PM ET
Dated August 6, 1993			            December 14, 1994
CUSIP 24422EEY1						Commission File No.: 33-66082
Filed pursuant to Rule 424(b)(3)



	U.S. $433,850,000

	JOHN DEERE CAPITAL CORPORATION

	MEDIUM-TERM NOTES, SERIES B

	Due from 9 Months to 30 Years from Date of Issue

	Interest payable each March 15 and September 15 and at Maturity
	---------------------------------

The Medium-Term Notes offered hereby will be Senior Notes as more fully
described in the accompanying Prospectus and Prospectus Supplement and
will be denominated in U.S. Dollars.

Interest rates offered by John Deere Capital Corporation with respect to the
Senior Notes may differ depending upon, among other things, the aggregate
principal amount of Senior Notes purchased in any single transaction.
Merrill Lynch & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated
has purchased the Senior Notes as principal at a price of 99% of the
principal amount of the Senior Notes for resale to investors and other
purchasers at varying prices related to prevailing market prices at the time
of resale.



AGGREGATE PRINCIPAL AMOUNT:		$10,000,000

DATE OF ISSUE:				DECEMBER 22, 1994

MATURITY DATE:				DECEMBER 22, 1999

INTEREST RATE:				8.08% PER ANNUM



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	MERRILL LYNCH & CO.

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