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:  August 13, 1996
                    (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)
 
                 _______________________________________
 
                           Page 1 of 4 pages.
                     The Exhibit Index appears at Page 4


Item 5. Other Information Events. 
 
John Deere Capital Corporation
          The following is disclosed on behalf of the company's United 
States credit subsidiary,
John Deere Capital Corporation, in connection with the disclosure 
requirements of programs
providing for the issuance of debt securities:
          John Deere Capital Corporation's net income was $32.3 million in 
the third quarter
and $102.5 million year-to-date in 1996 compared with $26.3 and $87.0 
million, respectively,
in the same periods last year.  Net income for the quarter and year-to-date 
were favorably
affected by a larger average portfolio financed.  The average balance of 
credit receivables
and leases financed was 24 percent higher in the third quarter and 21 
percent higher in the
first nine months of 1996 compared with the same periods last year.
          Credit receivable and lease acquisitions increased 22 percent 
during both the third
quarter and year-to-date compared with a year ago.  Acquisitions of John 
Deere equipment
notes were 11 percent higher in the current year, primarily due to 
increased retail sales of
John Deere equipment.  Acquisitions of retail notes, revolving charge 
accounts, leases and
wholesale receivables all increased during the nine months compared with 
last year.  Year-
to-date retail notes acquired totaled $2.231 billion, a 10 percent increase 
over 1995
acquisitions.
          Net receivables and leases financed by John Deere Capital 
Corporation were $5.297
billion at July 31, 1996 compared with $4.341 billion one year ago.  The 
increase resulted
from credit acquisitions exceeding collections during the last 12 months, 
partially offset by a
retail note sale during the same period.  Net credit receivables and leases 
administered,
which include receivables previously securitized and sold, totaled $6.411 
billion at July 31,
1996 compared with $5.668 billion at July 31, 1995.
 
 
 Item 7.    Financial Statements, Pro Forma Financial Information and Exhibits.
 
 
 (c)    Exhibits
 
 
    (99)    Press release and additional information of Deere & Company 
 
  
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/ Frank S. Cottrell       
                                 Frank S. Cottrell, Secretary
 
 Dated:  August 13, 1995
 
  
                              EXHIBIT INDEX 
 
 
                                                             Sequential
 Number and Description of Exhibit                         Page Number
 
 
 99.    Press release and additional information of                  
    Deere & Company (Incorporated by reference
    to Deere & Company Current Report on Form 8-K
    dated August 13, 1996, file number 1-4121).