DEERE JOHN CAPITAL CORP
424B3, 1996-09-27
SHORT-TERM BUSINESS CREDIT INSTITUTIONS
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PROSPECTUS and				PRICING SUPPLEMENT NO. 4
PROSPECTUS SUPPLEMENT, each		effective at 9:55 AM ET
Dated September 3, 1996			Dated 27 September 1996
CUSIP: 24422EGZ6				Commission File No.: 333-10561
Filed pursuant to Rule 424(b)(3)

                        U.S. $808,850,000
JOHN DEERE CAPITAL CORPORATION

                     MEDIUM-TERM NOTES, SERIES C
    due from 9 Months to 30 Years from Date of Issue
                       (Floating Rate Notes)

Original Issue Date:				2 October 1996

Maturity Date:					2 October 1998

Principal Amount:					$50,000,000

Interest Rate Basis:				USD-LIBOR-Telerate

Index Maturity:					3 Month
			 	
Spread:						Plus 0 basis points (0.00%)

Initial Interest Determination Date:	30 September 1996
			
Day Count Convention:				Actual/360

Interest Reset Dates:			      Quarterly on the second
of January, April, July
& October commencing on  
the Date of Issue.

Interest Determination Dates:			Two London Banking Days
preceding such Interest 
Reset Dates

Interest Payment Dates:				Quarterly on the second of 
							January, April, July & 
October commencing on 
 							January 2, 1997.

Redemption Provisions:				None

Plan of Distribution:				Goldman, Sachs & Co.
                                          has purchased the Senior Notes
                                          as principal at a purchase
price of 99.99% of the 
aggregate principal amount 
of the Senior Notes.

Goldman Sachs & Co.

r:word/data/pricsupp/jdccflg



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