DEERE JOHN CAPITAL CORP
424B3, 1999-01-07
SHORT-TERM BUSINESS CREDIT INSTITUTIONS
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PROSPECTUS and				PRICING SUPPLEMENT NO. 44
PROSPECTUS SUPPLEMENT, each		effective at 11:00 AM ET
Dated June 18, 1997			Dated January 6, 1999
CUSIP: 24422EKM0				Commission File No.: 333-10561
Filed pursuant to Rule 424(b)(3)

                        U.S. $297,850,000
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:				8 January 1999

Maturity Date:					8 January 2001

Principal Amount:					$50,000,000

Interest Rate Basis:				USD-LIBOR-Telerate

Index Maturity:					3 Month
			 	
Spread:						Plus 20.5 Basis Points

Initial Interest Determination Date:	6 January 1999
			
Day Count Convention:				Actual/360

Interest Reset Dates:				Quarterly on the 8th 
							(or next business day)

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

Interest Payment Dates:				Quarterly on the 8th
							(or next business day)

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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