PROSPECTUS and PROSPECTUS SUPPLEMENT,
each dated August 6, 1993						
			                  PRICING SUPPLEMENT NO. 28
                                    Effective at 9:50 am ET
                                    Date: 2 March 1995
                                    Comm. File No.: 33-66082
                                    Filed pursuant to Rule
                                    424(b)(3)
            U. S.  $258,850,000
         JOHN DEERE CAPITAL CORPORATION

		MEDIUM-TERM NOTES, SERIES B
     Due from 9 Months to 30 Years From Date of Issue
            (Floating Rate Notes)


Original Issue Date:				9  March 1995

Maturity Date:					8  March 1996

Issue Price:					100%

Floating Rate Basis:				USD-LIBOR-Telerate

Index Maturity:					Thirty (30) days

Spread:						Flat

Spread Multiplier:				------

Initial Interest Determination Date:	7 March 1995

Maximum Interest Rate:				------

Minimum Interest Rate:				------



Interest Payment Dates:	Interest will be payable in U.S. dollars 
				on 15 Mar 95, 19 Apr 95, 17 May 95, 
				21 Jun 95, 19 Jul 95, 16 Aug 95, 20 Sep 95, 
				18 Oct 95, 15 Nov 95, 20 Dec 95, 17 Jan 96,
				21 Feb 96, and on Maturity date.




Interest Determination		
Date:				The Interest Determination Date pertaining 
				to an Interest Reset Date shall be the day 
				that is two London banking days preceding 
				such Interest Reset Date. As used herein, 
				"London banking day" means any day on which 
				commercial banks are open for business 
				(including dealings in foreign currency 
				deposits)in London. The following dates 
				apply to this note: 7 Mar 95, 17 Apr 95, 
				15 May 95, 19 Jun 95, 17 Jul 95, 14 Aug 95, 
				18 Sep 95, 16 Oct 95, 13 Nov 95, 18 Dec 95, 
				12 Jan 96, 16 Feb 96.


Interest Reset Dates:	The rate of interest on each Floating Rate 
				Note will be reset monthly. The "Interest 
				Reset Date" will be the previous interest 
				payment date.


Redemption Provisions:	None.
 


		
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