**Exhibit99.4**

 

**Management’s Assertion**

 

*January 28, 2005*

 

Deloitte & Touche LLP

*Chicago,Illinois*

 

Asof and for the year ended October 31, 2004, John Deere Capital Corporation (the“Company”) has complied, in all material respects, with the Company’s establishedminimum servicing standards for the receivables in John Deere Owner Trust 2004as set forth in Appendix I (the “Standards”). The Standards are based on theMortgage Banker’s Association of America’s Uniform Single Attestation Programfor Mortgage Bankers, modified to address the unique characteristics ofservicing agricultural and construction equipment loans.

 

 
| */s/  Jon D. Volkert*          | * * |
|--------------------------------|----------|
| Jon  D. Volkert                |
| President                      |
|                           |
|                           |
| */s/  Charles G. Dahl*         | * * |
| Charles  G. Dahl               |
| Vice  President and Controller |

 

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**APPENDIX I**

 

*John Deere Capital Corporation Minimum Servicing Standards — JDOT 2004*

 

I.                                         CUSTODIALBANK ACCOUNTS

 

1.               Reconciliationsshall be prepared on a monthly basis for all custodial bank accounts andrelated bank clearing accounts.  Thesereconciliations shall:

 

•                  bemathematically accurate;

•                  beprepared within forty-five (45) calendar days after the cutoff date;

•                  bereceived and approved by someone other than the person who prepared thereconciliation; and

•                  documentexplanations for reconciling items. These reconciling items shall be resolved within ninety (90) calendardays of their original identification.

 

2.               Fundsof the servicing entity shall be advanced in cases where there is an overdraftin an investor’s or debtor’s account and an advance is specified in theinvestor’s servicing agreement.

 

3.               Eachcustodial account shall be maintained at a federally insured depositoryinstitution in trust for the applicable investor.

 

II.                                     PAYMENTS

 

1.               Paymentsshall be deposited into the custodial bank accounts and related bank clearingaccounts within two business days of receipt*.*

 

2.               Paymentsmade in accordance with the debtor’s loan documents shall be posted to theapplicable account records within two business days of receipt*.*

 

3.               Paymentsshall be allocated to principal, interest, insurance or other escrow items inaccordance with the loan documents.

 

4.               Paymentsidentified as payoffs (or satisfaction of the obligation) shall be allocated inaccordance with the loan documents*.*

 

III.                                 DISBURSEMENTS

 

1.               Disbursementsmade via wire transfer on behalf of a debtor**or investor shall be made only by authorized personnel.

 

2.               Disbursementsmade on behalf of a debtor**or investor shall be posted within two business days to theaccount or investor’s records maintained by the servicing entity.

 

3.               Amountsremitted to investors per the servicer’s investor reports shall agree withcancelled checks, or other forms of payment, or custodial bank statements.

 

IV.                                 INVESTORACCOUNTING AND REPORTING

 

1.               Theservicing entity’s investor reports shall agree with, or reconcile to, investor’srecords on a monthly basis as to the total unpaid principal balance.  Monthly investor reports are sent listing thetotal unpaid principal balance.  Annual investorreports are sent listing the number of loans serviced.

 

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V.                                     RECEIVABLEACCOUNTING

 

1.               Theservicing entity’s receivable records shall agree with, or reconcile to, therecords of the debtor with respect to the unpaid principal balance on a monthlybasis.

 

2.               Adjustmentson variable rate receivables shall be computed based on the related contractterms and any variable rate rider.

 

VI.                                 DELINQUENCIES

 

1.               Recordsdocumenting collection efforts shall be maintained during the period a loan isin default and shall be updated at least monthly.  Such records shall describe the entity’sactivities in monitoring delinquent contracts including, for example, phonecalls, letters and payment rescheduling plans in cases where the delinquency isdeemed temporary.

 

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