PROSPECTUS and				PRICING SUPPLEMENT NO. 2
PROSPECTUS SUPPLEMENT, each		effective at 8:30 am ET
Dated July 13, 1995				Dated August 3, 1995
CUSIP: 24422EFU8				Commission File No.: 33-60383
						Filed pursuant to Rule 424(b)(3)


                                             U.S. $1,043,850,000
                        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:				8 August 1995

Maturity Date:					8 August 1997

Issue Price:					100%

Issue Size:					$25,000,000

Proceeds:					$24,937,500

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

Spread:						16 basis points (0.16%)

Initial Interest Determination Date:			7 August 1995												
Day Count Convention:				Actual/360

Interest Reset Dates:			               Each Business Day to, but
						 excluding the date of Maturity


Interest:

	Interest on the Notes will be payable on the eighth day of February, May,
 August and November (each an "Interest Payment Date"), commencing November
 8, 1995.  Interest payable on each Interest Payment Date will include
 interest accrued from and including August 8, 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 or the date
 of Maturity as the case may be.  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 Determination Date" pertaining to an Interest Reset Date will be
 the Business Day preceding such Interest Reset Date.  The first Interest Reset
 Date will be August 8, 1995, using an Interest Determination Date of
 August 7, 1995.



Lehman Brothers Inc.
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