PROSPECTUS and					PRICING SUPPLEMENT NO. 34
PROSPECTUS SUPPLEMENT, each			effective at 1:45 pm ET
Dated August 6, 1993					Dated June 21, 1995
							Commission File No.: 33-66082
							Filed pursuant to Rule 424(b)(3)


U.S. $168,850,000
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:							26 June 1995

Maturity Date:								19 June 1998

Issue Price:								100%

Issue Size:								$25,000,000

Proceeds:								$24,937,500

Floating Rate Basis:							Federal Funds Rate 										 	(as defined below)

Spread:									25 basis points (0.25%)

Initial Interest Determination Date:						23 June 1995												
Day Count Convention:							Actual/360
				


Interest:

	Interest on the Notes will be payable on the twentieth day of March,
 June, Septembe rand December (each an "Interest Payment Date"), commencing
 September 20, 1995.  Any payment of principal or interest required to be
 made on a day that is not a Business Day need not be made on such day,
 but may be made on the next succeeding Business Day with the same force
 and effect as if made on such day and no interest shall accrue as a result
 of such delayed payment.  Interest payable on each Interest Payment Date
 will include interest accrued from and including June 26, 1995 or from
 and including the most recent Interest Payment Date to which interest
 has been paid, as the case may be, to but excluding such Interest Payment
 Date.  Interest payable on any Interest Payment Date will be payable
 to the registered holders at the close of business on the fifteenth day 
(whether or not a Business Day) preceding such Interest Payment Date.

	The interest rate on the Notes will be payable at a floating rate
 that will be subject to daily adjustment and will be a per annum rate
 equal to the Federal Funds Rate (determined as described below) plus
 a spread of .25%	Each day on which the interest rate is adjusted is
 referred to herein as a "Reset Date". The "Interest Determination Date"
 pertaining to a Reset Date will be the Business Day preceding such
 Reset Date.  The first Reset Date will be June 26, 1995, using an
 Interest Determination Date of June 23, 1995.

	


	"Federal Funds Rate" means, with respect to any Interest Determination
 Date, the rate on that day for federal funds as published in H.15(519)
 under the heading "Federal Funds ("Effective") or, if not so published
 by 3:30 P.M., New York City time, on the Calculation Date pertaining
 to such Interest Determination Date, the rate on such Interest
 Determination Date as published in Composite Quotations under the heading
 "Federal Funds/Effective Rate".  If, by 3:30 P. M., New York City time,
 on the Calculation Date pertaining to such Interest Determination Date
 such rate is not yet published in either H.15(519) or Composite Quotations,
 the Federal Funds Rate for such Interest Determination Date will be
 calculated by the Calculation Agent and will be the arithmetic mean of
 the rates for the last transaction in overnight federal funds arranged
 by three leading dealers of federal funds transactions in the City of New
 York, which dealers have been selected by the Calculation Agent
 (after consultation with the Capital Corporation, if the Capital
 Corporation is not then acting as Calculation Agent), as of 9:00 A. M.,
 New York City time, on such Interest Determination Date; provided,
 however, that if the dealers selected as aforesaid by the Calculation
 Agent are not quoting as mentioned in this sentence, the Federal Funds
 Rate for the period commencing on the Reset Date following such Interest
 Determination Date will be the Federal Funds Rate in effect on such
 Interest Determination Date.

	"Business Day" means any day other than a Saturday or a Sunday or a
 day on which banking institutions are generally authorized or obligated
 by law or by executive order to close in The City of New York.

	"Calculation Agent" will be the Capital Corporation or a bank or
 broker-dealer designated by the Capital Corporation.

	"Calculation Date" means, with respect to an Interest Determination Date,
 the Business Day preceding the applicable Interest Payment Date.

	Accrued interest on any Note from June 26, 1995 or the preceding 
 Interest Payment Date, as the case may be, is calculated by multiplying
 the principal amount of such Note by an accrued interest factor. 
 This accrued interest factor is computed by adding the interest factor
 calculated for each day from June 26, 1995 or the preceding Interest
 Payment Date, as the case may be, to but excluding the date for which
 accrued interest is being calculated.  The interest factor (expressed
 as a decimal rounded, if necessary, to the nearest one ten-millionth 
of one percentage point, with five one hundred-millionths of one 
percentage point rounded upwards) for each such day is computed by
dividing the interest rate (expressed as a decimal rounded, if necessary, to 
the nearest one hundred-thousandth of one percentage point, with five
 one-millionths of one percentage point rounded upwards) applicable to
 such date by 360.  The amount of interest payable on any Note on any
 Interest Payment Date will be equal to the amount of accrued interest
 to but excluding such Interest Payment Date determined using the
 applicable accrued interest factor.

	The interest rate on the Notes will in no event be higher than the
 maximum rate permitted by New York law as the same may be modified
 by United States law of general application.  Under present New York
 law, the maximum rate of interest is 25% per annum on a simple interest
basis.  This limit may not apply to Notes in which $2,5000,000 or more has
been invested.


J. P. Morgan Securities Inc.			

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