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:  May 14, 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
                           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 $37.9 million in the second
 quarter and $70.2 million year-to-date in 1996 compared with $33.3 million and
 $60.7 million, respectively, in the same periods last year.  Net income 
for the quarter
 and year-to-date were favorably affected by a larger average portfolio 
financed.  The
 average balance of credit receivables and leases financed was 20 percent higher
 in both the second quarter and the first six months of 1996 compared with 
the same
 periods last year.
 
 Credit receivable and lease acquisitions increased 19 percent during the second
 quarter and 21 percent year-to-date compared with a year ago.  Acquisitions of
 John Deere equipment notes were 12 percent higher in the current year, 
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 first six months compared with last year.  Year-to-date retail notes 
acquired totaled $1.586 billion, a 12 percent increase over 1995 acquisitions.
 
 Net receivables and leases financed by John Deere Capital Corporation were
 $4.806 billion at April 30, 1996 compared with $3.796 billion one year ago.
  The increase resulted from credit acquisitions exceeding collections during
 the last 12
 months, partially offset by a retail note sale during the same period.  
Net credit
 receivables and leases administered, which include receivables previously
 securitized and sold, totaled $6.045 billion at April 30, 1996 compared 
with $5.294
 billion at April 30, 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:  May 14, 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 May 14, 1996, file number 1-4121).