DEERE JOHN CAPITAL CORP
424B3, 1999-07-08
SHORT-TERM BUSINESS CREDIT INSTITUTIONS
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PROSPECTUS AND			PRICING SUPPLEMENT NO. 15
PROSPECTUS SUPPLEMENT,		Effective at 11:35 AM ET
each dated January 12, 1999	July 8, 1999
CUSIP: 24422ELE7			Commission File No.: 333-69601
					Filed pursuant to Rule 424(b)(3)


		U.S. $2,222,850,000

	JOHN DEERE CAPITAL CORPORATION

	 MEDIUM-TERM NOTES, SERIES C

Due from 9 Months to 30 Years from Date of Issue

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

The Medium-Term Notes offered hereby will be Senior Notes as
more fully described in the accompanying Prospectus and Prospectus
Supplement and will be denominated in U.S. Dollars.



INTEREST PAYMENT DATES:			Each March 15, September 15,
commencing on September 15,
1999, and at Maturity

PRINCIPAL AMOUNT:                   $75,000,000

DATE OF ISSUE:				July 13, 1999

MATURITY DATE:				July 13, 2000

INTEREST RATE:				5.729% PER ANNUM

REDEMPTION PROVISIONS:			NONE

PLAN OF DISTRIBUTION:			Banc of America Securities LLC
                                    has purchased the Senior Notes as
                                    principal at a purchase price of
						100% of the aggregate principal
amount of the Senior Notes.




Banc of America Securities LLC




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