**Exhibit 31.1**

I, Jonathan W. Trutter, certify that: 

 

| 1.     | I have reviewed this quarterly report on Form        10-Q of Deerfield Triarc Capital Corp.;                                                                                                                                                                                                                                                            |
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| 2.     | Based          on my knowledge, this report does not contain any untrue statement of          a material fact or omit to state a material fact necessary to make the          statements made, in light of the circumstances under which such statements          were made, not misleading with respect to the period covered by this          report; |
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| 3.     | Based on my knowledge, the financial statements,        and other financial information included in this report, fairly present        in all material respects the financial condition, results of operations        and cash flows of the registrant as of, and for, the periods presented        in this report;                                     |
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| 4.     | The registrant's other certifying officer(s)        and I are responsible for establishing and maintaining disclosure controls        and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e))        for the registrant and have:                                                                                                     |
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|   | (a)    | Designed        such disclosure controls and procedures, or caused such disclosure controls        and procedures to be designed under our supervision, to ensure that material        information relating to the registrant, including its consolidated subsidiaries,        is made known to us by others within those entities, particularly during        the period in which this report is being prepared;                           |
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|   | (b)    | [Omitted        in reliance on SEC Release No. 33-8238: 34-47986, Section III.E.]                                                                                                                                                                                                                                                                                                                                                           |
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|   | (c)    | Evaluated        the effectiveness of the registrant's disclosure controls and procedures        and presented in this report our conclusions about the effectiveness of        the disclosure controls and procedures, as of the end of the period covered        by this report based on such evaluation; and                                                                                                                             |
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|   | (d)    | Disclosed        in this report any change in the registrant's internal control over financial        reporting that occurred during the registrant’s most recent fiscal        quarter (the registrant’s fourth fiscal quarter in the case of an        annual report) that has materially affected, or is reasonably likely to        materially affect, the registrant's internal control over financial reporting;        and |

 

| 5. | The registrant's other certifying officer(s) and I have disclosed,      based on our most recent evaluation of internal control over      financial reporting, to the registrant's auditors and the audit committee      of the registrant's board of directors (or persons performing the equivalent      functions): |
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|   | (a)    | All        significant deficiencies and material weaknesses in the design or operation        of internal control over financial reporting which are reasonably likely        to adversely affect the registrant's ability to record, process, summarize        and report financial information; and |
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|   | (b)    | Any        fraud, whether or not material, that involves management or other employees        who have a significant role in the registrant's internal control over        financial reporting.                                                                                                       |

 

  

| Date:          November 14, 2006 |
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| /S/          JONATHAN W. TRUTTER                                                              |
| Jonathan          W. Trutter, Chief Executive Officer

(Principal          Executive Officer) |

 

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