PROSPECTUS and				PRICING SUPPLEMENT NO. 5
PROSPECTUS SUPPLEMENT, each		effective at 11:00 AM ET
Dated January 12, 1999			Dated January 26, 1999
CUSIP: 24422EKU2				Commission File No.: 333-69601
Filed pursuant to Rule 424(b)(3)

                        U.S. $2,972,500,000
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:				28 January 1999

Maturity Date:					29 January 2001

Principal Amount:					$50,000,000

Interest Rate Basis:				USD-LIBOR-Telerate

Index Maturity:					3 Month
			 	
Spread:						Plus 15.5 Basis Points

Initial Interest Determination Date:	26 January 1999
			
Day Count Convention:				Actual/360

Interest Reset Dates:				Quarterly on the 28th 
							(or next business day)

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

Interest Payment Dates:				Quarterly on the 28th
							(or next business day)

Redemption Provisions:				None

Plan of Distribution:				Chase Securities Inc.
has purchased the Senior Notes
as principal at a purchase
price of 99.75% of the
aggregate principal amount
of the Senior Notes.

 
Chase Securities Inc.