DEERE JOHN CAPITAL CORP
424B3, 1995-09-14
MISCELLANEOUS BUSINESS CREDIT INSTITUTION
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PROSPECTUS AND			PRICING SUPPLEMENT NO. 5
PROSPECTUS SUPPLEMENT,		Effective at 9:40 PM ET
each dated July 13, 1995	September 14, 1995
CUSIP: 24422EFX2			Commission File No.: 33-60383
					Filed pursuant to Rule 424(b)(3)


		U.S. $978,850,000

	JOHN DEERE CAPITAL CORPORATION

	 MEDIUM-TERM NOTES, SERIES C

Due from 9 Months to 30 Years from Date of Issue

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

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 PAYMENT DATES:			Each March 15, September 15, 							and at Maturity

PRINCIPAL AMOUNT:				$8,000,000

DATE OF ISSUE:				September 19, 1995

MATURITY DATE:				September 19, 2000

INTEREST RATE:				6.25% PER ANNUM

REDEMPTION PROVISIONS:			NONE






Merrill Lynch & Company
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