PROSPECTUS and PRICING SUPPLEMENT NO. 16
PROSPECTUS SUPPLEMENT, each effective at 10:58 AM ET
Dated September 3, 1996 Dated February 3 1997
CUSIP: 24422EHM4 Commission File No.: 333-10561
Filed pursuant to Rule 424(b)(3)
U.S. $448,850,000
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: 6 February 1997
Maturity Date: 5 February 1999
Principal Amount: $25,000,000
Interest Rate Basis: USD-LIBOR-Telerate
Index Maturity: 3 Month
Spread: 0 Basis Points
Initial Interest Determination Date: 4 February 1997
Day Count Convention: Actual/360
Interest Reset Dates: Quarterly on the fifth
of February, May, August
& November commencing on
the Date of Issue.
Interest Determination Dates: Two London Banking Days
preceding such Interest
Reset Dates
Interest Payment Dates: Quarterly on the fifth
of February, May, August
& November commencing on
May 5, 1997.
Redemption Provisions: None
Plan of Distribution: Merrill Lynch & Co.
has purchased the Senior Notes
as principal at a purchase
price of 100% of the
aggregate principal amount
of the Senior Notes.
Merrill Lynch & Co.
r:finance\mtn\jdccflglibor.doc
