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: February 15, 1996 (Date of earliest event reported) JOHN DEERE CAPITAL CORPORATION (Exact name of registrant as specified in charter) DELAWARE (State or other jurisdiction of incorporation) 1-6458 (Commission File Number) 36-2386361 (IRS Employer Identification No.) Suite 600 First Interstate Bank Building 1 East First Street Reno, Nevada 89501 (Address of principal executive offices and zip code) (702)786-5527 (Registrant`s telephone number, including area code) _______________________________________ Page 1 of 4 pages. The Exhibit Index appears at Page 4 Item 5. Other Information Events. The following is disclosed on behalf of the Company's United States credit subsidiary, John Deere Capital Corporation, in connection with the disclosure requirements of programs providing for the issuance of debt securities: "John Deere Capital Corporation's net income was $32.3 million in the first quarter of 1996 compared with $27.4 million in the same period last year. Net income for the quarter was favorably affected by a larger average portfolio financed, slightly offset by lower financing spreads compared with a year ago. The average balance of credit receivables and leases financed was 19 percent higher in the first quarter of 1996 compared with the same period last year. Credit receivable and lease acquisitions increased 25 percent during the first quarter. Acquisitions of John Deere equipment notes were 15 percent higher in the current quarter, primarily due to increased retail sales of John Deere equipment. Acquisitions of retail notes, revolving charge accounts, leases and wholesale receivables all increased during the quarter compared with last year. Retail notes acquired during the quarter totaled $834 million, a 19 percent increase over first quarter 1995 acquisitions. Net receivables and leases financed by John Deere Capital Corporation were $5.005 billion at January 31, 1996 compared with $4.208 billion one year ago. The increase resulted from credit acquisitions exceeding collections during the last 12 months, partially offset by retail note sales during the same period. Net credit receivables and leases administered, which include receivables previously securitized and sold, totaled $5.969 billion at January 31, 1996 compared with $5.195 billion at January 31, 1995." Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) Exhibits (99) Press release and additional information of Deere & Company Signature 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. JOHN DEERE CAPITAL CORPORATION By /s/ Frank S. Cottrell Frank S. Cottrell, Secretary Dated: February 15, 1996 EXHIBIT INDEX Sequential Number and Description of Exhibit Page Number 99. Press release and additional information of Deere & Company (Incorporated by reference to Deere & Company Current Report on Form 8-K dated February 15, 1996, file number 1-4121).