DEERE JOHN CAPITAL CORP
424B3, 1995-02-27
MISCELLANEOUS BUSINESS CREDIT INSTITUTION
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PROSPECTUS and PROSPECTUS SUPPLEMENT,
each dated August 6, 1993						
			                  PRICING SUPPLEMENT NO. 26
                                    Effective at 12:56 pm ET
                                    Date 27 February 1995
                                    Comm. File No.: 33-66082
                                    Filed pursuant to Rule
                                    424(b)(3)
            U. S.  $298,850,000

         JOHN DEERE CAPITAL CORPORATION

     Due from 9 Months to 30 Years From Date of Issue
            
Interest payable each March 15, September 15 and at Maturity

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

Range of Maturities					Interest Rate
								Per Annum

More than 9 months to less than 1 year		N/A
1 year to less than 18 months		      	N/A
18 months to less than 2 years			N/A
2 years to less than 3 years			      N/A
3 years to less than 4 years			      N/A
4 years to less than 5 years		      	N/A
5 years to less than 6 years			      7.52
6 years to less than 7 years			      N/A
7 years to less than 8 years			      N/A
8 years to less than 9 years		      	N/A
9 years to less than 10 years			      N/A
10 years to less than 15 years			N/A
15 years to less than 20 years			N/A
20 years to less than 25 years			N/A
25 years to less than 30 years			N/A
30 years							N/A

The Medium-Term Notes offered hereby will be Senior Notes 
and will be denominated in U.S. Dollars.

The interest rates on the Medium-Term Notes may be changed by 
John Deere Capital Corporation from time to time, but any such 
change will not affect the interest rate on any Medium-Term 
Note ordered prior to the effective time of the change.

Merrill Lynch & Company

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