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:  February 21, 1995
                    (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. 
 
 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 $27.4 million
in the first quarter
 of 1995 compared with $23.0 million in the same period last
year.  Net income for the
 quarter was favorably affected by a larger average portfolio
financed and a lower
 provision for credit losses.  The average balance of credit
receivables and leases
 financed was 20 percent higher in the first quarter of 1995
compared with the same
 period last year.
 
 Credit receivable and lease acquisitions increased 20 percent
during the first quarter. 
 Retail notes acquired during the quarter totaled $703 million, a
19 percent increase
 over the first quarter 1994 acquisitions.  Acquisitions of John
Deere equipment notes
 were 21 percent higher in the current year.  Acquisitions of
revolving charge
 accounts and wholesale receivables also increased during the
quarter compared with
 last year.
 
 Credit receivables and leases financed by John Deere Capital
Corporation were
 $4.208 billion at January 31, 1995 compared with $3.477 billion
one year ago.  The
 increase resulted from credit acquisitions exceeding collections
during the last 12
 months, partially offset by the sale of retail notes during the
fourth quarter of 1994. 
 Credit receivables and leases administered, which include
receivables previously
 securitized and sold, totaled $5.195 billion at January 31, 1995
compared with $4.656
 billion at January 31, 1994."
 
 
 
 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:  February 21, 1995
 
  
                              EXHIBIT INDEX 
 
 
                                  
Number and Description of Exhibit       Sequential Page          
                                        Number
 
 
99. Press release and additional information of                  
Deere & Company (Incorporated by reference
to Deere & Company Current Report on Form 8-K
dated February 21, 1995, file number 1-4121).