John Deere Owner Trust 2004

Statement to Certificateholders

$205,000,000 Class A-1 1.14% Asset Backed Notes due May 13, 2005

$186,000,000 Class A-2 1.68% Asset Backed Notes due November 15, 2006

$185,000,000 Class A-3 2.32% Asset Backed Notes due December 17, 2007

$158,280,000 Class A-4 3.02% Asset Backed Notes due March 15, 2011

$ 18,930,000 Class B 2.90% Asset Backed Notes due March 15, 2011

$ 3,778,476 Asset Backed Certificates

Payment Date:			15-Feb-05

(1) Amount of principal being paid or distributed:

	(a)	A-1 Notes:	$		28,709,732.92
		per $1,000 original principal amount:	$		140.05

	(b)	A-2 Notes:	$			2,143,949.96
		per $1,000 original principal amount:	$			11.53

	(c)	A-3 Notes:	$		0.00
		per $1,000 original principal amount:	$		0.00

	(d)	A-4 Notes:	$			0.00
		per $1,000 original principal amount:	$			0.00

	(e)	B Notes:	$		76,136.06
		per $1,000 original principal amount:	$		4.02

	(f)	Certificates:	$			0.00
		per $1,000 original principal amount:	$			0.00

	(g)	Total:	$			30,929,818.94

(2) Amount of interest being paid or distributed:

	(a)	A-1 Notes:	$		25,455.96
		per $1,000 original principal amount:	$		0.12

	(b)	A-2 Notes:	$		260,400.00
		per $1,000 original principal amount:	$		1.40

	(c)	A-3 Notes:	$		357,666.67
		per $1,000 original principal amount:	$		1.93

	(d)	A-4 Notes:	$		398,338.00
		per $1,000 original principal amount:	$		2.52

	(e)	B Notes:	$	45,747.50
		per $1,000 original principal amount:	$	2.42

	(f)	Certificates:	$	0.00
		per $1,000 original principal amount:	$	0.00

	(g)	Total:	$	1,087,608.13

(3) After giving effect to distributions on this Payment Date:

	(a)		(i)	outstanding principal amount of A-1 Notes:	$		0.00
			(ii)	A-1 Note Pool Factor:	0.0000000

	(b)		(i)	outstanding principal amount of A-2 Notes:	$				183,856,050.04
			(ii)	A-2 Note Pool Factor:	0.9884734

	(c)		(i)	outstanding principal amount of A-3 Notes:	$					185,000,000.00
			(ii)	A-3 Note Pool Factor:	1.0000000

	(d)		(i)	outstanding principal amount of A-4 Notes:	$		158,280,000.00
			(ii)	A-4 Note Pool Factor:	1.0000000

	(e)		(i)	outstanding principal amount of B Notes:	$			18,853,863.94
			(ii)	B Note Pool Factor:	0.9959780

	(f)		(i)	Certificate Balance	$	3,778,476.00
			(ii)	Certificate Pool Factor:	1.0000000

(4) Note Value at end of related Collection Period:					$			549,768,389.99

(5) Pool Balance (excluding accrued interest) at the end of the related Collection Period:					$		543,534,610.33

(6) Pool Face Amount at the end of the related Collection Period:					$				595,717,482.17

(7) Amount of Servicing Fee:					$					477,373.99
		per $1,000 original principal amount:			$					0.63
Amount of Servicing Fee earned:					$					477,373.99
Amount of Servicing Fee paid:					$					477,373.99
Amount of Servicing Fee shortfall:					$					0.00

(8) Amount of Administration Fee:					$				100.00

(9) Aggregate Purchased Receivables for Collection Period:					$		0.00

(10) Amount in Reserve Account:					$		13,247,299.00
		Specified Reserve Account Balance:			$		13,247,299.00

(11) Scheduled Payments of Receivables 60 days or more past due:					$		901,182.00

(12) Scheduled Payments of Receivables 60 days or more past due as a % of Pool Balance:					0.17						%

(13) Face Amount of Receivables 60 days or more past due:					$		8,181,591.00

(14) Face Amount of Receivables 60 days or more past due as a % of the Pool Face Amount:					1.37						%

(15) Aggregate amount of realized losses for the collection period					$		3,299.40

(16) Aggregate amount of realized losses since 21-Apr-04					$		73,576.68

DEERE JOHN RECEIVABLES INC 8-K