DEERE JOHN CAPITAL CORP
8-K, 1994-10-13
MISCELLANEOUS BUSINESS CREDIT INSTITUTION
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                 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
 
                      Date of Report:  25 May 1993
                    (Date of earliest event reported)
 
                     JOHN DEERE CAPITAL CORPORATION
           (Exact name of registrant as specified in charter)
 
                                DELAWARE
             (State or other jurisdiction of incorporation)
 
                                 1-6458
                        (Commission File Number)
 
                               36-2386361
                    (IRS Employer Identification No.)
 
                                Suite 600
                     First Interstate Bank Building
                           1 East First Street
                           Reno, Nevada 89501
          (Address of principal executive offices and zip code)
 
                              (702)786-5527
          (Registrant`s telephone number, including area code)
 
                 _______________________________________
 
                            Page 1 of 2 pages.<PAGE>
Item 5. Other Events.
 
 The following is the text of a press release issued by Deere & Company
 October 12,
 1994.
 
 MOLINE, ILLINOIS -- Deere & Company announced that negotiations for a new labor
 agreement between the Company and the United Auto Workers (UAW) have been
 suspended without the two parties having reached a settlement agreement.
 
 "Representatives from Deere and the UAW have worked for a number of months
 trying to reach agreement on a new labor contract," according to Robert Combs,
 the
 company's director of corporate communications.  "To the company's
 disappointment, our efforts to reach agreement have ended without success.  
Deere
 is committed to the process of collective bargaining.  At present, however, the
 negotiations are deadlocked.
 
 "To further the long-term position of the Company, we know it is essential to 
treat
 employees fairly," Combs said.  "Equally importantly, as we've stressed to 
the UAW's
 leadership during these negotiations, our employment practices must recognize 
the
 realities of our intensely competitive markets and lay a foundation for 
long-term
 success in the marketplace.
 
 "During our discussions with the UAW, Deere has developed and presented a
 comprehensive proposal that would preserve and enhance for our current UAW-
 represented workforce their outstanding wage and benefit package, a 
compensation
 package which is the very best in our industries," Combs said. 
 "Our proposal for an
 agreement would also enhance the Company's long-term competitiveness.
 
 "While we regret the lack of success in reaching a new labor agreement, the
 Company expects to maintain normal operations," Combs said.
 
 Combs noted that the Company is willing to resume meeting with UAW
 representatives at any time if there is an indication that new discussions 
would be
 fruitful.
 
 Signatures
 
 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 
hereto duly
 authorized.
 
                             JOHN DEERE CAPITAL CORPORATION
 
                              By /s/ Frank S. Cottrell
                                 Frank S. Cottrell, Secretary 
 Dated:  October 13, 1994
 


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