DEERE JOHN RECEIVABLES INC
8-K, 2000-01-18
ASSET-BACKED SECURITIES
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- -------------------------------------------------------------

             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:  January 18, 2000
             (Date of earliest event reported)

              JOHN DEERE OWNER TRUST 1999-A
        (Issuer of the Notes and the Certificates)

              JOHN DEERE RECEIVABLES, INC.
        (Originator of the Trust described herein)
    (Exact name of registrant as specified in charter)

                          DELAWARE
      (State or other jurisdiction of incorporation)

                          33-99294
                  (Commission File Number)

                        (36-3837230)
              (IRS Employer Identification No.)

              c/o John Deere Capital Corporation
           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)

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

<PAGE>


Item 5.  Other Events.

    The statements attached as exhibits hereto are filed in
accordance with letters submitted to the Division of Corporation
Finance of the Securities and Exchange Commission on behalf of
similar Trusts by the Servicer and Depositor of the Trust.



Item 7.  Financial Statements and Exhibits.

         (c)    Exhibits

                99.1   Statement to Noteholders
                99.2   Statement to Certificateholders
                99.3   Servicer's Certificate

Page 2

<PAGE>

                         SIGNATURE

    Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the Registrant has duly caused
this report to be signed on its behalf by the undersigned
thereunto duly authorized.



                        JOHN DEERE OWNER TRUST 1999-A
                        JOHN DEERE RECEIVABLES, INC.

                        By:    John Deere Capital Corporation
                               (Servicer)

                        By:    /s/ James R. Jabanoski
                               ----------------------------
                               James R. Jabanoski, Treasurer


Dated:  January 18, 2000

Page 3

<PAGE>

                        EXHIBIT INDEX

Exhibit No.

    99.1   Statement to Noteholders
    99.2   Statement to Certificateholders
    99.3   Servicer's Certificate


Page 4




John Deere Owner Trust 1999-A                      Exhibit 99.1
  Statement to Noteholders

$167,300,000 Class A-1 4.9988%
    Asset Backed Notes due June 19, 2000
$262,000,000 Class A-2 5.4660%
    Asset Backed Notes due August 15, 2001
$186,000,000 Class A-3 5.9400%
    Asset Backed Notes due October 15, 2002
$146,125,000 Class A-4 6.1200%
    Asset Backed Notes due October 17, 2005
$32,230,000  6.100% Class B
    Asset Backed Notes due October 17, 2005
$12,086,832  Asset Backed Certificates

Payment Date:                                         18-Jan-00

(1)  Amount of principal being paid on the Notes:

     (a)  A-1 Notes:                             $17,444,715.53
          per $1,000 original principal amount:         $104.27

     (b)  A-2 Notes:                             $10,661,598.11
          per $1,000 original principal amount:          $40.69

     (c)  A-3 Notes:                                      $0.00
          per $1,000 original principal amount:           $0.00

     (d)  A-4 Notes:                                      $0.00
          per $1,000 original principal amount:           $0.00

     (e)  B Notes:                                        $0.00
          per $1,000 original principal amount:           $0.00

     (f)  Total                                  $28,106,313.64

(2) Interest on the Notes

     (a)  A-1 Notes:                                 $82,358.05
          per $1,000 original principal amount:           $0.49

     (b)  A-2 Notes:                              $1,352,531.33
          per $1,000 original principal amount:           $5.16

     (c)  A-3 Notes:                                $920,700.00
          per $1,000 original principal amount:           $4.95

     (d)  A-4 Notes:                                $745,237.50
          per $1,000 original principal amount:           $5.10

     (e)  B Notes:                                  $131,589.96
          per $1,000 original principal amount:           $4.08

     (f)  Total                                   $3,232,416.84

(3)  After giving effect to distributions
     on current Payment Date:

     (a) (i)  outstanding principal amount
              of A-1 Notes:                               $0.00
         (ii) A-1 Note Pool Factor:                   0.0000000

     (b) (i)  outstanding principal amount
              of A-2 Notes:                     $251,338,401.89
         (ii) A-2 Note Pool Factor:                   0.9593069

     (c) (i)  outstanding principal amount
              of A-3 Notes:                     $186,000,000.00
         (ii) A-3 Note Pool Factor:                   1.0000000

     (d) (i)  outstanding principal amount
              of A-4 Notes:                     $146,125,000.00
         (ii) A-4 Note Pool Factor:                   1.0000000

     (e) (i)  outstanding principal amount
              of B Notes:                        $25,886,548.84
         (ii) B Note Pool Factor:                     0.8031818

     (f) (i)  Certificate Balance                 $9,707,455.82
         (ii) Certificate Pool Factor:                0.8031431

(4)  Note Value at the end of the related
     Collection Period                          $619,057,407.37

(5)  Pool Balance (excluding accrued
     interest) at the end of the related
     Collection Period                          $609,396,909.54

(6)  Amount of Servicing Fee:                       $530,448.09
     per $1,000 original principal amount:           0.65833505

(7)  Amount of Administration Fee:                      $100.00

(8)  Aggregate Purchase Amounts for
     Collection Period:                                   $0.00

(9)  Amount in Reserve Account:                  $14,100,482.07
     Specified Reserve Account Balance:          $14,100,482.07

(10) Aggregate amount of Realized Losses
     for the Collection Period:                     $201,333.53

(11) Amount of Payments that are more
     than 60 days past due:                       $1,347,802.00



John Deere Owner Trust 1999-A                      Exhibit 99.2
  Statement to Certificateholders

$167,300,000 Class A-1 4.9988%
    Asset Backed Notes due June 19, 2000
$262,000,000 Class A-2 5.4660%
    Asset Backed Notes due August 15, 2001
$186,000,000 Class A-3 5.9400%
    Asset Backed Notes due October 15, 2002
$146,125,000 Class A-4 6.1200%
    Asset Backed Notes due October 17, 2005
$32,230,000  6.100% Class B
    Asset Backed Notes due October 17, 2005
$12,086,832  Asset Backed Certificates

Payment Date:                                         18-Jan-00

(1)  Amount of principal being paid or distributed:

     (a)  A-1 Notes:                             $17,444,715.53
          per $1,000 original principal amount:         $104.27

     (b)  A-2 Notes:                             $10,661,598.11
          per $1,000 original principal amount:          $40.69

     (c)  A-3 Notes:                                      $0.00
          per $1,000 original principal amount:           $0.00

     (d)  A-4 Notes:                                      $0.00
          per $1,000 original principal amount:           $0.00

     (e)  B Notes:                                        $0.00
          per $1,000 original principal amount:           $0.00

     (f)  Certificates:                                   $0.00
          per $1,000 original principal amount:           $0.00

     (g)  Total:                                 $28,106,313.64

(2)  Amount of interest being paid or distributed:

     (a)  A-1 Notes:                                 $82,358.05
          per $1,000 original principal amount:           $0.49

     (b)  A-2 Notes:                              $1,352,531.33
          per $1,000 original principal amount:           $5.16

     (c)  A-3 Notes:                                $920,700.00
          per $1,000 original principal amount:           $4.95

     (d)  A-4 Notes:                                $745,237.50
          per $1,000 original principal amount:           $5.10

     (e)  B Notes:                                  $131,589.96
          per $1,000 original principal amount:           $4.08

     (f)  Certificates:                                   $0.00
          per $1,000 original principal amount:           $0.00

     (g)  Total:                                  $3,232,416.84

(3)  After giving effect to distributions
     on this Payment Date:

     (a)  (i)  outstanding principal amount
               of A-1 Notes:                              $0.00
          (ii) A-1 Note Pool Factor:                  0.0000000

     (b)  (i)  outstanding principal amount
               of A-2 Notes:                    $251,338,401.89
          (ii) A-2 Note Pool Factor:                  0.9593069

     (c)  (i)  outstanding principal amount
               of A-3 Notes:                    $186,000,000.00
          (ii) A-3 Note Pool Factor:                  1.0000000

     (d)  (i)  outstanding principal amount
               of A-4 Notes:                    $146,125,000.00
          (ii) A-4 Note Pool Factor:                  1.0000000

     (e)  (i)  outstanding principal amount
               of B Notes:                       $25,886,548.84
          (ii) B Note Pool Factor:                    0.8031818

     (f)  (i)  Certificate Balance                $9,707,455.82
          (ii) Certificate Pool Factor:               0.8031431

(4)  Note Value at end of related
     Collection Period:                         $619,057,407.37

(5)  Pool Balance (excluding accrued
     interest) at the end of the related
     Collection Period                          $609,396,909.54

(6)  Amount of Servicing Fee:                       $530,448.09
     per $1,000 original principal amount:            0.6583350

(7)  Amount of Administration Fee:                      $100.00

(8)  Aggregate Purchase Amounts for
     Collection Period:                                   $0.00

(9)  Amount in Reserve Account:                  $14,100,482.07
     Specified Reserve Account Balance:          $14,100,482.07

(10) Aggregate amount of Realized Losses
     for the Collection Period:                     $201,333.53

(11) Amount of Payments that are more than
     60 days past due:                            $1,347,802.00




John Deere Owner Trust 1999-A                      Exhibit 99.3
  Servicer's Certificate

$167,300,000 Class A-1 4.9988%
    Asset Backed Notes due June 19, 2000
$262,000,000 Class A-2 5.4660%
    Asset Backed Notes due August 15, 2001
$186,000,000 Class A-3 5.9400%
    Asset Backed Notes due October 15, 2002
$146,125,000 Class A-4 6.1200%
    Asset Backed Notes due October 17, 2005
$32,230,000  6.100% Class B
    Asset Backed Notes due October 17, 2005
$12,086,832  Asset Backed Certificates

Payment Date:                                         18-Jan-00

(1)  Servicing Fee                                  $530,448.09
     Servicing Fee Shortfall                              $0.00

(2)  Administration Fee:                                $100.00
     Administration Fee Shortfall                         $0.00

(3)  Total Distribution Amount:                  $32,221,322.87

(4)  Noteholders' Interest Distributable
     Amount applicable to A-1 Notes:                 $82,358.05
     Noteholders' Interest Carryover
     Shortfall applicable to A-1 Notes:                   $0.00

(5)  Noteholders' Interest Distributable
     Amount applicable to A-2 Notes:              $1,352,531.33
     Noteholders' Interest Carryover
     Shortfall applicable to A-2 Notes:                   $0.00

(6)  Noteholders' Interest Distributable
     Amount applicable to A-3 Notes:                $920,700.00
     Noteholders' Interest Carryover
     Shortfall applicable to A-3 Notes:                   $0.00

(7)  Noteholders' Interest Distributable
     Amount applicable to A-4 Notes:                $745,237.50
     Noteholders' Interest Carryover
     Shortfall applicable to A-4 Notes:                   $0.00

(8)  Noteholders' Interest Distributable
     Amount applicable to B Notes:                  $131,589.96
     Noteholders' Interest Carryover
     Shortfall applicable to B Notes:                     $0.00

(9)  Noteholders' Interest Distributable
     Amount deposited into Note
     Distribution Account:                        $3,232,416.84
     Noteholders' Interest Carryover Shortfall:           $0.00

(10) A-1 Noteholders' Monthly Principal
     Distributable Amount:                       $17,444,715.53
     % of Principal Distribution Amount
     applicable to A-1 Noteholders:                      62.07%
     A-1 Noteholders' Principal Carryover
     Shortfall:                                           $0.00
     A-1 Noteholders' Principal Distributable
     Amount:                                     $17,444,715.53

(11) A-2 Noteholders' Monthly Principal
     Distributable Amount:                       $10,661,598.11
     % of Principal Distribution Amount
     applicable to A-2 Noteholders                       37.93%
     A-2 Noteholders' Principal Carryover
     Shortfall:                                           $0.00
     A-2 Noteholders' Principal Distributable
     Amount:                                     $10,661,598.11

(12) A-3 Noteholders' Monthly Principal
     Distributable Amount:                                $0.00
     % of Principal Distribution Amount
     applicable to A-3 Noteholders                        0.00%
     A-3 Noteholders' Principal Carryover
     Shortfall:                                           $0.00
     A-3 Noteholders' Principal Distributable
     Amount:                                              $0.00

(13) A-4 Noteholders' Monthly Principal
     Distributable Amount:                                $0.00
     % of Principal Distribution Amount
     applicable to A-4 Noteholders                        0.00%
     A-4 Noteholders' Principal Carryover
     Shortfall:                                           $0.00
     A-4 Noteholders' Principal Distributable
     Amount:                                              $0.00

(14) B Noteholders' Monthly Principal
     Distributable Amount:                                $0.00
     % of Principal Distribution Amount
     applicable to B Noteholders                          0.00%
     B Noteholders' Principal Carryover
     Shortfall:                                           $0.00
     B Noteholders' Principal Distributable
     Amount:                                              $0.00

(15) Noteholders' Principal Distribution
     Amount deposited into Note Distribution
     Account:                                    $28,106,313.64
     Noteholders' Principal Carryover
     Shortfall:                                           $0.00

(16) Noteholders' Distributable Amount:          $31,338,730.48

(17) Amount to be withdrawn from the Reserve
     Account and deposited into Note
     Distribution Account:                                $0.00
     Interest Amount included above:                      $0.00
     Principal Amount included above:                     $0.00

(18) Deposit to Reserve Account from
     Collection Account to increase the amount
     on deposit in the Reserve Account to the
     Specified Reserve Account Balance                    $0.00

(19) Certificateholders' Interest
     Distributable Amount:                                $0.00
     Certificateholders' Interest
     Carryover Shortfall:                                 $0.00

(20) Certificateholders' Principal
     Distributable Amount applicable
     to current period:                                   $0.00
     % of Principal Distribution Amount
     applicable to Certificate holders:                   0.00%
     Certificateholders' Principal
     Carryover Shortfall:                                 $0.00
     Certificateholders' Principal
     Distributable Amount:                                $0.00

(21) Certificateholders' Distributable Amount:            $0.00

(22) Deposit to Reserve Account
     (from excess collections):                     $352,044.30

(23) Specified Reserve Account Balance
     (after all distributions and adjustments):  $14,100,482.07

(24) Reserve Account Balance over the
     Specified Reserve Account Balance
     (before any distribution of excess):        $14,452,526.37

(25) Excess Reserve Account Balance
     Distributable to Seller (5.05(b)(i)
     or (ii)):                                      $352,044.30

(26) Note Value as of the end of the
     related Collection Period                  $619,057,407.37

(27) Pool Balance (excluding Accrued
     Interest) as of close of business
     on the last day of the related
     Collection Period:                         $609,396,909.54

(28) After giving effect to all
     distributions on such Payment Date:

     Outstanding Principal Balance of A-1 Notes:          $0.00
     A-1 Note Pool Factor:                            0.0000000

     Outstanding Principal Balance of A-2 Notes:$251,338,401.89
     A-2 Note Pool Factor:                            0.9593069

     Outstanding Principal Balance of A-3 Notes:$186,000,000.00
     A-3 Note Pool Factor:                            1.0000000

     Outstanding Principal Balance of A-4 Notes:$146,125,000.00
     A-4 Note Pool Factor:                            1.0000000

     Outstanding Principal Balance of B Notes:   $25,886,548.84
     B Note Pool Factor:                              0.8031818

     Outstanding Principal Balance of the
     Certificates:                                $9,707,455.82
     Certificate Pool Factor:                         0.8031431

(29) Aggregate Purchase Amounts for related
     Collection Period:                                   $0.00

(30) Reserve Account Balance after giving
     effect to all distributions:                $14,100,482.07

(31) Specified Reserve Account Balance (after
     all distributions and adjustments):         $14,100,482.07

(32) Amount of Realized Losses for the
     related collection period:                     $201,333.53

(33) Amount of Payments that are more
     than 60 days past due:                       $1,347,802.00





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