_______________________________________________________________
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 21, 2000
(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.)
_______________________________________________________________
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Item 5. Other Information Events.
John Deere Capital Corporation's (JDCC's) net income was
$31.7 million for the fourth quarter and $140.8 million for the
year, compared with $29.2 million and $153.3 million,
respectively, last year. The results for this year were
adversely affected by higher operating expenses as well as a
reduced level of receivable sales, which resulted in lower
gains. Partially offsetting these factors was higher income
from a larger receivable and lease portfolio. Net income for
the quarter benefited by $3.8 million due to a reduction of the
reserve for uncollectible receivables, reflecting the credit
performance of the portfolio.
Net receivables and leases financed by JDCC were $8.515
billion at October 31, 2000, compared with $7.147 billion one
year ago. The increase resulted from acquisitions exceeding
collections during the last twelve months. This was partially
offset by sales of retail notes during the same period. Net
receivables and leases administered, which include receivables
previously sold, totaled $10.498 billion at October 31, 2000,
compared with $9.586 billion at October 31, 1999.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
(c) Exhibits
(99) Press release and additional
information of Deere & Company.
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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/ MICHAEL A. HARRING
_________________________
Michael A. Harring,
Secretary
Dated: November 21, 2000
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Exhibit Index
Number and Description of Exhibit
(99) Press release and additional information of
Deere & Company (Incorporated by reference
to Deere & Company Current Report on Form 8-K
dated November 21, 2000, file number 1-4121).
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