DEERE JOHN CAPITAL CORP
424B3, 1998-09-09
SHORT-TERM BUSINESS CREDIT INSTITUTIONS
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PROSPECTUS and				PRICING SUPPLEMENT NO. 32
PROSPECTUS SUPPLEMENT, each		effective at 12:00 PM ET
Dated June 18, 1997			Dated September 8, 1998
CUSIP: 24422EKA6				Commission File No.: 333-10561
Filed pursuant to Rule 424(b)(3)

                        U.S. $987,850,000
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:				10 September 1998

Maturity Date:					10 September 1999

Principal Amount:					$50,000,000

Interest Rate Basis:				USD-LIBOR-Telerate

Index Maturity:					3 Month
			 	
Spread:						Minus 5 Basis Points

Initial Interest Determination Date:	8 September 1998
			
Day Count Convention:				Actual/360

Interest Reset Dates:			      10 September 1998,
							10 December 1998, 10 March
							1999 and 10 June 1999,
commencing on the  
date of issue.

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

Interest Payment Dates:				10 December 1998, 10 March 
1999, 10 June 1999, and 
10 September 1999. 

Redemption Provisions:				None

Plan of Distribution:				Chase Securities Inc.
has purchased the Senior Notes
as principal at a purchase
price of 100% of the
aggregate principal amount
of the Senior Notes.

 
Chase Securities Inc.
 



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