**Exhibit99.1**

 

**JOHN DEERE CAPITAL CORPORATION**

**OFFICERS’ CERTIFICATE**

**PURSUANT TO SECTION 4.10(a)**

**OF THE SALE AND SERVICINGAGREEMENT**

**AND SECTION 3(c) OF THEUNDERWRITING AGREEMENTS**

 

We, Charles G. Dahl and Paul J.Nagel, Vice President and Controller and Assistant Secretary, respectively, ofJohn Deere Capital Corporation, a Delaware corporation (the “Company”), herebycertify for the period from April 21, 2004 to October 31, 2004, that (i) areview has been made under the supervision of each of us of the activities andof the performance of the Company, as Servicer under the Sale and ServicingAgreement dated as of April 15, 2004 among U.S. Bank Trust National Associationas Owner Trustee for the John Deere Owner Trust 2004, John Deere Receivables,Inc. and the Company (the “Agreement”) and attached as Exhibit A hereto is ayear-end statement as of October 31, 2004 and (ii) to the best of theknowledge of each of us, based on such review, the Company has fulfilled in allmaterial respects all its obligations under the Agreement throughout suchperiod.

 
| Dated at Moline, Illinois this 28th day of  January, 2005 |                          |
|-----------------------------------------------------------|-------------------------------|
|                                                      |                          |
|                                                      |                          |
|                                                      | /s/ Charles G. Dahl           |   |
|                                                      | Charles G. Dahl               |
|                                                      | Vice President and Controller |
|                                                      |                          |
|                                                      |                          |
|                                                      | /s/ Paul J. Nagel             |   |
|                                                      | Paul J. Nagel                 |
|                                                      | Assistant Secretary           |

 

8

----

 
| **John Deere Owner Trust 2004**                             | ** ** | **EXHIBIT A**     |
|-------------------------------------------------------------|------------|-------------------|
| **Fiscal Year Ended 31 October 2004 Statement (Unaudited)** | ** ** | **(Page 1 of 2)** |

 

$205,000,000   Class A-1 1.14% Asset Backed Notes due May13, 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 March15, 2011

$3,778,476   Asset Backed Certificates

 
| (1) Amount of principal paid during the  Fiscal Year: |   |                                  |   |
|-------------------------------------------------------|--------|---------------------------------------|--------|
|                                                  |   |                                  |   |
|                                                  | (a)    | A-1 Notes:                            |   | $ | 133,784,858.04 |   |
|                                                  |   | per $1,000 original principal amount: |   | $ | 652.61 |   |
|                                                  |   |                                  |   |   |   |
|                                                  | (b)    | A-2 Notes:                            |   | $ | 0.00 |   |
|                                                  |   | per $1,000 original principal amount: |   | $ | 0.00 |   |
|                                                  |   |                                  |   |   |   |
|                                                  | (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:                              |   | $ | 0.00 |   |
|                                                  |   | per $1,000 original principal amount: |   | $ | 0.00 |   |
|                                                  |   |                                  |   |   |   |
|                                                  | (f)    | Total                                 |   | $ | 133,784,858.04 |   |
|                                                  |   |                                  |   |   |   |
| (2) Amount of interest paid during the  Fiscal Year:  |   |                                  |   |
|                                                  |   |                                  |   |   |   |
|                                                  | (a)    | A-1 Notes:                            |   | $ | 950,556.56 |   |
|                                                  |   | per $1,000 original principal amount: |   | $ | 4.64 |   |
|                                                  |   |                                  |   |   |   |
|                                                  | (b)    | A-2 Notes:                            |   | $ | 1,788,080.00 |   |
|                                                  |   | per $1,000 original principal amount: |   | $ | 9.61 |   |
|                                                  |   |                                  |   |   |   |
|                                                  | (c)    | A-3 Notes:                            |   | $ | 2,455,977.80 |   |
|                                                  |   | per $1,000 original principal amount: |   | $ | 13.28 |   |
|                                                  |   |                                  |   |   |   |
|                                                  | (d)    | A-4 Notes:                            |   | $ | 2,735,254.27 |   |
|                                                  |   | per $1,000 original principal amount: |   | $ | 17.28 |   |
|                                                  |   |                                  |   |   |   |
|                                                  | (e)    | B Notes:                              |   | $ | 314,132.83 |   |
|                                                  |   | per $1,000 original principal amount: |   | $ | 16.59 |   |
|                                                  |   |                                  |   |   |   |
|                                                  | (f)    | Total                                 |   | $ | 8,244,001.46 |   |

 

9

----

 
| (3) After giving effect to distributions,  Outstanding Principal at end of Fiscal Year:  |                                  |   |                                       |
|------------------------------------------------------------------------------------------|---------------------------------------|--------|--------------------------------------------|
|                                                                                     |                                  |   |                                       |   |   |
|                                                                                     | (a)                                   | (i)    | outstanding principal amount of A-1 Notes: |   | $ | 71,215,141.96 |   |
|                                                                                     |                                  | (ii)   | A-1 Note Pool Factor:                      |   | .3473909 |   |
|                                                                                     |                                  |   |                                       |   |   |   |
|                                                                                     | (b)                                   | (i)    | outstanding principal amount of A-2 Notes: |   | $ | 186,000,000.00 |   |
|                                                                                     |                                  | (ii)   | A-2 Note Pool Factor:                      |   | 1.0000000 |   |
|                                                                                     |                                  |   |                                       |   |   |   |
|                                                                                     | (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:   |   | $ | 18,930,000.00 |   |
|                                                                                     |                                  | (ii)   | B Note Pool Factor:                        |   | 1.0000000 |   |
|                                                                                     |                                  |   |                                       |   |   |   |
|                                                                                     | (f)                                   | (i)    | Certificate Balance                        |   | $ | 3,778,476.00 |   |
|                                                                                     |                                  | (ii)   | Certificate Pool Factor:                   |   | 1.0000000 |   |
|                                                                                     |                                  |   |                                       |   |   |
| (4) Note Value at the end of Fiscal Year                                                 |                                  | $      | 623,203,617.97                             |   |
|                                                                                     |                                  |   |                                       |   |   |
| (5) Pool Balance (excluding accrued  interest) at the end of Fiscal Year                 |                                  | $      | 614,552,748.49                             |   |
|                                                                                     |                                  |   |                                       |   |   |
| (6) Pool Face Amount at the end of Fiscal  Year                                          |                                  | $      | 677,851,371.90                             |   |
|                                                                                     |                                  |   |                                       |   |   |
| (7) Amount of Servicing Fee paid during  Fiscal Year:                                    |                                  | $      | 4,026,036.82                               |   |
|                                                                                     | per $1,000 original principal amount: |   | $                                          | 5.32 |   |
| Amount of Servicing Fee earned:                                                          |                                  | $      | 4,026,036.82                               |   |
| Amount of Servicing Fee paid:                                                            |                                  | $      | 4,026,036.82                               |   |
| Amount of Servicing Fee shortfall:                                                       |                                  | $      | 0.00                                       |   |
|                                                                                     |                                  |   |                                       |   |   |
| (8) Amount of Administration Fee paid  during Fiscal Year:                               |                                  | $      | 700.00                                     |   |
|                                                                                     |                                  |   |                                       |   |   |
| (9) Aggregate Purchased Receivables for  Fiscal Year:                                    |                                  | $      | 0.00                                       |   |
|                                                                                     |                                  |   |                                       |   |   |
| (10) Amount in Reserve Account at end of  Fiscal Year                                    |                                  | $      | 13,247,299.00                              |   |
|                                                                                     | Specified Reserve Account Balance:    |   | $                                          | 13,247,299.00 |   |
|                                                                                     |                                  |   |                                       |   |   |
| (11) Scheduled Payments of Receivables 60  days or more past due at end of Fiscal Year   |                                  | $      | 591,423.00                                 |   |
|                                                                                     |                                  |   |                                       |   |   |
| (12) Scheduled Payments of Receivables 60  days or more past due as a % of Pool Balance  |                                  |   |                                       |
|                                                                                     | at end of Fiscal Year                 |   | 0.10                                       | % |
|                                                                                     |                                  |   |                                       |   |   |
| (13) Face Amount of Receivables 60 days or  more past due at end of Fiscal Year:         |                                  | $      | 6,981,095.00                               |   |
|                                                                                     |                                  |   |                                       |   |   |
| (14) Face Amount of Receivables 60 days or  more past due as a % of the Pool Face Amount |                                  |   |                                       |
|                                                                                     | at end of Fiscal Year                 |   | 1.03                                       | % |
|                                                                                     |                                  |   |                                       |   |   |
| (15) Aggregate amount of realized losses during  the Fiscal Year:                        |                                  | $      | 26,008.89                                  |   |
|                                                                                     |                                  |   |                                       |   |   |
| (16) Aggregate amount of realized losses  since 21-Apr-04                                |                                  | $      | 26,008.89                                  |   |

 

10

----