<ARTICLE>     5
<LEGEND>
This schedule contains summary financial information
extracted from Form 10-Q and is qualified in its
entirety by reference to such financial information.
</LEGEND>
<CIK>                   0000027673
<NAME>                  JOHNDEERECAPITALCORP
<MULTIPLIER>            1000000
<CURRENCY>              U.S. DOLLARS
       
                         
<PERIOD-TYPE>               3-MOS
<FISCAL-YEAR-END>              OCT-31-1997
<PERIOD-START>                 NOV-01-1996
<PERIOD-END>                   JAN-31-1997
<EXCHANGE-RATE>                          1
<CASH>                                 174
<SECURITIES>                             0
<RECEIVABLES>                         5737
<ALLOWANCES>                            89
<INVENTORY>                              0
<CURRENT-ASSETS>                         0
<PP&E>                                  19
<DEPRECIATION>                          12
<TOTAL-ASSETS>                        6221
<CURRENT-LIABILITIES>                    0
<BONDS>                               1853
<COMMON>                               113
<PREFERRED-MANDATORY>                    0
<PREFERRED>                              0
<OTHER-SE>                             654
<TOTAL-LIABILITY-AND-EQUITY>          6221
<SALES>                                  0
<TOTAL-REVENUES>                       164
<CGS>                                    0
<TOTAL-COSTS>                           14
<OTHER-EXPENSES>                         0
<LOSS-PROVISION>                         7
<INTEREST-EXPENSE>                      72
<INCOME-PRETAX>                         46
<INCOME-TAX>                            16
<INCOME-CONTINUING>                     30
<DISCONTINUED>                           0
<EXTRAORDINARY>                          0
<CHANGES>                                0
<NET-INCOME>                            30
<EPS-PRIMARY>                            0
<EPS-DILUTED>                            0