PROSPECTUS and				PRICING SUPPLEMENT NO. 3
PROSPECTUS SUPPLEMENT, each		effective at 9:27 AM ET
Dated September 3, 1996			Dated 13 September 1996
CUSIP: 24422EGY9				Commission File No.: 333-10561
						Filed pursuant to Rule 424(b)(3)

                        U.S. $858,850,000
                  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:				18 September 1996

Maturity Date:					18 September 1998

Principal Amount:					$50,000,000

Interest Rate Basis:				USD-LIBOR-Telerate

Index Maturity:					3 Month 										 	
Spread:						Plus 0 basis points (0.00%)

Initial Interest Determination Date:	16 September 1996
			
Day Count Convention:				Actual/360

Interest Reset Dates:			      Quarterly on the third 
Wednesday of December, 
March, June & September 
commencing on the                              Date of Issue			 

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

Interest Payment Dates:				Quarterly on the third
							Wednesday of December, 
March, June and
                                          September commencing 
                                          December 18, 1996

Redemption Provisions:				None

Plan of Distribution:				Goldman, Sachs & Co.
                                          has purchased the Senior Notes
                                          as principal at a purchase 
                                          price of 99.97%
							of the aggregate principal
							amount of the Senior Notes.

Goldman Sachs & Co.

r:word/data/pricsupp/jdccflg