DEERE JOHN CAPITAL CORP
424B3, 1999-02-03
SHORT-TERM BUSINESS CREDIT INSTITUTIONS
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PROSPECTUS and				PRICING SUPPLEMENT NO. 7
PROSPECTUS SUPPLEMENT, each		effective at 11:00 AM ET
Dated January 12, 1999			Dated February 2, 1999
CUSIP: 24422EKW8				Commission File No.: 333-69601
Filed pursuant to Rule 424(b)(3)

                        U.S. $2,822,850,000
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:				5 February 1999

Maturity Date:					7 August 2000

Principal Amount:					$50,000,000

Interest Rate Basis:				USD-LIBOR-Telerate

Index Maturity:					3 Month
			 	
Spread:						Plus 4 Basis Points

Initial Interest Determination Date:	3 February 1999
			
Day Count Convention:				Actual/360

Interest Reset Dates:				Quarterly on the 5th 
							(or next business day)

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

Interest Payment Dates:				Quarterly on the 5th
							(or next business day)

Redemption Provisions:				None

Plan of Distribution:				JP Morgan Securities Inc.
has purchased the Senior Notes
as principal at a purchase
price of 99.98561% of the
aggregate principal amount
of the Senior Notes.

 
JP Morgan Securities Inc.



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