SECURITIES AND EXCHANGE COMMISSION
                                     
                         Washington, D.C.  20549
 
 
                                _________
 
 
                                FORM 8-K
 
                             CURRENT REPORT
 
 
                 Pursuant to Section 13 or 15(d) of the
 
                     Securities Exchange Act of 1934
 
 
 
                    Date of Report:  August 31, 1995
                    (Date of earliest event reported)
 
 
                      D E E R E   &   C O M P A N Y
           (Exact name of registrant as specified in charter)
 
                                DELAWARE
             (State or other jurisdiction of incorporation)
 
                                 1-4121
                        (Commission File Number)
 
                               36-2382580
                    (IRS Employer Identification No.)
 
                             John Deere Road
                         Moline, Illinois  61265
          (Address of principal executive offices and zip code)
 
                              (309)765-8000
          (Registrant`s telephone number, including area code)
 
                 _______________________________________
     (Former name or former address, if changed since last
report.)
 
                           Page 1 of 2 pages.
 

Item 5.    Other Events

The following is the text of a press release issued by Deere &
Company August 31,
1995.

MOLINE, ILLINOIS -- The Deere & Company board of directors
announced today its
intention to declare a 3-for-1 split of the Company's common
stock, pending shareholder
approval at a special meeting.  The meeting is expected to be
held on November 15,
1995 in Moline, Illinois.  The stock split would be implemented
by a stock dividend of two
additional shares for each share outstanding.

The Company has also increased the quarterly dividend from 55
cents per share to 60
cents per share, payable November 1, 1995 to shareholders of
record on September 30,
1995.  The increased dividend is on a pre-split basis.

Deere & Company Chairman and Chief Executive Officer Hans W.
Becherer said,
"Today's actions recognize Deere's financial strength as well as
our continued
confidence that the Company's future prospects remain solid.  We
believe these actions
will provide excellent value to our shareholders."


Signatures

Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has
duly caused this report to be signed on its behalf by the
undersigned hereto duly
authorized.

                             DEERE & COMPANY

                              By /s/ M. P. Orr
                                 M. P. Orr, Vice President
Dated:  August 31, 1995