_______________________________________________________________
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 16, 1999
(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)
_______________________________________
(Former name or former address, if changed since last report.)
_______________________________________________________________
Item 5. Other Information Events.
John Deere Capital Corporation's net income was $37.4
million in the first quarter of 1999, compared with $30.6
million last year. First quarter results benefited from higher
gains on retail note sales, higher income on a larger average
receivable and lease portfolio, a temporary reduction in
leverage position, and improved financing spreads, partially
offset by higher operating costs.
Net receivables and leases financed by John Deere Capital
Corporation were $6.803 billion at January 31, 1999, compared
with $6.468 billion one year ago. The increase resulted from
acquisitions exceeding collections during the last 12 months,
partially offset by sales of retail notes. Net receivables and
leases administered, which include receivables previously sold,
totaled $8.580 billion at January 31, 1999, compared with
$7.482 billion at January 31, 1998.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
(c) Exhibits
(4.1) Form of fixed rate note.
(4.2) Form of floating rate note.
(4.3) Form of single indexed fixed rate note.
(4.4) Form of single indexed floating rate note.
(4.5) Form of subordinated fixed rate note.
(4.6) Form of subordinated floating rate note.
(99) Press release and additional
information of Deere & Company.
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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 16, 1999
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Exhibit Index
Number and Description of Exhibit
(4.1) Form of fixed rate note.
(4.2) Form of floating rate note.
(4.3) Form of single indexed fixed rate note.
(4.4) Form of single indexed floating rate note.
(4.5) Form of subordinated fixed rate note.
(4.6) Form of subordinated floating rate note.
(99) Press release and additional information of
Deere & Company (Incorporated by reference
to Deere & Company Current Report on Form 8-K
dated February 16, 1999, file number 1-4121).
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