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: November 30, 1995
(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 4 pages.
The Exhibit Index appears at Page 4.
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Item 5. Other Information Events.
The following information is disclosed on behalf of the company's
United States
credit subsidiary, John Deere Capital Corporation, in connection
with the disclosure
requirements of programs providing for the issuance of debt
securities:
"John Deere Capital Corporation's (Capital Corporation) net
income was $27.1
million in the fourth quarter of 1995 compared with $30.2
million in the same period
last year. Net income for the quarter decreased compared with a
year ago primarily
due to gains from the sale of retail notes in last year's fourth
quarter. No retail
notes were sold in the fourth quarter of 1995.
Net income for the fiscal year totaled $114.1 million compared
with $104.9 million
in 1994. The higher income resulted from higher earnings on a
larger portfolio,
partially offset by lower financing margins.
Credit receivable and lease acquisitions increased 20 percent
during the fourth
quarter and 18 percent for the fiscal year compared with
acquisitions in the same
periods in 1994. Retail note acquisitions from John Deere
increased by $110.5
million or 17 percent in the quarter and $349.2 million or 16
percent for the year
primarily due to higher retail sales of John Deere equipment and
an improvement
in the Capital Corporation s market share for the financing of
John Deere agricultural
equipment. Acquisitions of recreational product retail notes
also increased during
both the quarter and the entire year.
Credit receivables and leases financed by John Deere Capital
Corporation were
$4.838 billion at October 31, 1995 compared with $4.031 billion
one year ago. The
increase resulted from credit receivable acquisitions exceeding
collections during
1995. The company also securitized and sold retail notes,
receiving proceeds of
$726 million during 1995 compared with $560 million last year.
Credit receivables
and leases administered, which include receivables previously
securitized and sold,
totaled $6.021 billion at October 31, 1995 compared with $5.246
billion at October
31, 1994."
Item 7. Financial Statements and Exhibits.
(c) Exhibits
(99) Press release and additional information of Deere &
Company
<PAGE>
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 hereto
duly authorized.
JOHN DEERE CAPITAL CORPORATION
By /s/ Frank S. Cottrell
Frank S. Cottrell, Secretary
Dated: November 30, 1995
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EXHIBIT INDEX
Sequential
Number and Description of Exhibit Page Number
99. Press release and additional information of
Deere & Company (Incorporated by reference
to Deere & Company Current Report on Form 8-K
dated November 30, 1995, file number 1-4121.
