PROSPECTUS AND			PRICING SUPPLEMENT NO. 12
PROSPECTUS SUPPLEMENT,		Effective at 5:10 PM ET
each dated September 3, 1996	January 10, 1997
CUSIP: 24422EHH5			Commission File No.: 333-10561
					Filed pursuant to Rule 424(b)(3)


		U.S. $543,850,000

	JOHN DEERE CAPITAL CORPORATION

	 MEDIUM-TERM NOTES, SERIES C

Due from 9 Months to 30 Years from Date of Issue

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

The Medium-Term Notes offered hereby will be Senior Notes as
more fully described in the accompanying Prospectus and Prospectus
Supplement and will be denominated in U.S. Dollars.



INTEREST PAYMENT DATES:			Each March 15, September 15,
commencing on March 15, 1997,
and at Maturity

PRINCIPAL AMOUNT:                   $25,000,000

DATE OF ISSUE:				January 15, 1997

MATURITY DATE:				January 15, 2002

INTEREST RATE:				6.75% PER ANNUM

REDEMPTION PROVISIONS:			NONE

PLAN OF DISTRIBUTION:			Salomon Brothers Inc
                                    has purchased the Senior Notes as 
                                    principal at a price of 99.836947% of 
                                    the aggregate principal amount of 
                                    the Senior Notes.




Salomon Brothers Inc
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