_______________________________________________________________
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 24, 1998
(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)
_______________________________________
(Former name or former address, if changed since last report.)
_______________________________________________________________
Page 1 of 4 pages.
The Exhibit Index appears at Page 4.
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Item 5. Other Information Events.
John Deere Capital Corporation's net income was $47.8
million in the fourth quarter and $151.2 million for the year
compared with $39.3 million and $135.8 million for the same
periods last year. The fourth quarter and annual results
benefited from higher income on a larger average receivable and
lease portfolio and from higher gains on retail note sales,
partially offset by higher operating costs.
Net receivables and leases financed by John Deere Capital
Corporation were $6.446 billion at October 31, 1998, compared
with $6.217 billion one year ago. The increase resulted from
acquisitions exceeding collections during the last 12 months,
partially offset by sales of retail notes. Receivable and lease
acquisition volumes during the year increased 14 percent
compared with the same period last year. Net receivables and
leases administered, which include receivables previously sold,
totaled $8.635 billion at October 31, 1998, compared with
$7.531 billion at October 31, 1997.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
(c) Exhibits
(99) Press release and additional
information of Deere & Company.
Page 2
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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 24, 1998
Page 3
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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 24, 1998, file number 1-4121).
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