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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0000950142-07-002848.txt : 20071226
<SEC-HEADER>0000950142-07-002848.hdr.sgml : 20071225
<ACCEPTANCE-DATETIME>20071226180755
ACCESSION NUMBER:		0000950142-07-002848
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20071221
FILED AS OF DATE:		20071226
DATE AS OF CHANGE:		20071226

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Deerfield Capital Corp.
		CENTRAL INDEX KEY:			0001313918
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				202008622
		STATE OF INCORPORATION:			MD

	BUSINESS ADDRESS:	
		STREET 1:		6250 NORTH RIVER ROAD
		CITY:			ROSEMONT
		STATE:			IL
		ZIP:			60018
		BUSINESS PHONE:		773-380-1600

	MAIL ADDRESS:	
		STREET 1:		6250 NORTH RIVER ROAD
		CITY:			ROSEMONT
		STATE:			IL
		ZIP:			60018

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Deerfield Triarc Capital Corp
		DATE OF NAME CHANGE:	20050110

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			TRIARC COMPANIES INC
		CENTRAL INDEX KEY:			0000030697
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING & DRINKING PLACES [5810]
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1230

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32551
		FILM NUMBER:		071327423

	BUSINESS ADDRESS:	
		STREET 1:		280 PARK AVENUE
		STREET 2:		24TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		212-451-3000

	MAIL ADDRESS:	
		STREET 1:		280 PARK AVENUE
		STREET 2:		24TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

	FORMER NAME:	
		FORMER CONFORMED NAME:	DWG CORP
		DATE OF NAME CHANGE:	19920703

	FORMER NAME:	
		FORMER CONFORMED NAME:	DEISEL WEMMER GILBERT CORP
		DATE OF NAME CHANGE:	19680820

	FORMER NAME:	
		FORMER CONFORMED NAME:	DWG CIGAR CORP
		DATE OF NAME CHANGE:	19680820
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4_triarc122107ex.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-12-21</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001313918</issuerCik>
        <issuerName>Deerfield Capital Corp.</issuerName>
        <issuerTradingSymbol>DFR</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000030697</rptOwnerCik>
            <rptOwnerName>TRIARC COMPANIES INC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1155 PERIMETER CENTER WEST</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>ATLANTA</rptOwnerCity>
            <rptOwnerState>GA</rptOwnerState>
            <rptOwnerZipCode>30338</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>See footnote 1.</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Preferred Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2007-12-21</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F2"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>9629368</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>9629368</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Subsidiaries. See footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2007-12-21</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F3"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>123987</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F3"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>205642</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Subsidiaries. See footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Mr. Peter W. May, the Vice Chairman of the board of directors, a director and a significant stockholder of Triarc Companies,
 Inc. (&quot;Triarc&quot;), is a member of the board of directors of the Issuer.  Triarc may be deemed to be a director of the Issuer
 by deputization.</footnote>
        <footnote id="F2">On December 21, 2007,  9,629,368 shares of the Issuer's Series A Cumulative Convertible Preferred Stock were issued to Triarc
 Deerfield Holdings, LLC (&quot;TD Holdings&quot;), a subsidiary of Triarc, as merger consideration payable by the Issuer to TD
 Holdings in respect of TD Holdings' interests in Deerfield &amp; Company LLC, pursuant to the Agreement and Plan of Merger dated
 as of December 17, 2007, among the Issuer, DFR Merger Company, LLC, Deerfield &amp; Company, LLC and Triarc.</footnote>
        <footnote id="F3">On December 21, 2007, Deerfield &amp; Company LLC made a pro rata distribution for no consideration to its members (including TD
 Holdings) of the 329,629 shares of the Issuer's common stock it had previously held.  The 205,642 shares represent the
 amount of shares distributed to TD Holdings in respect of its interests in Deerfield &amp; Company LLC.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Stuart I. Rosen, Sr. Vice President</signatureName>
        <signatureDate>2007-12-26</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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