SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Israel James

(Last)

(First)

(Middle)

ONE JOHN DEERE PLACE

(Street)

MOLINE

61265

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/16/2006

3. Issuer Name and Ticker or Trading Symbol
DEERE & CO [ DE ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President John Deere Credit

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
$1 Par Common Stock⁽¹⁾	12,571⁽²⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Market Priced Employee Stock Options⁽³⁾	12/11/1997	12/11/2006	Common Stock	2,593	$42.69	D
Marked Priced Employee Stock Options⁽³⁾	12/10/1998	12/11/2008	Common Stock	3,258	$56.5	D
Market Priced Employee Stock Options⁽³⁾⁽⁴⁾	12/12/2002	12/12/2011	Common Stock	16,133	$42.3	D
Marked Priced Employee Stock Options⁽³⁾⁽⁴⁾	12/11/2003	12/11/2012	Common Stock	16,899	$45.8	D
Marked Priced Employee Stock Options⁽³⁾⁽⁴⁾	12/10/2004	12/10/2013	Common Stock	19,689	$61.64	D
Market Priced Employee Stock Options⁽³⁾⁽⁴⁾	12/08/2005	12/08/2014	Common Stock	16,289	$69.37	D
Market Priced Employee Stock Options⁽³⁾⁽⁴⁾	12/07/2006	12/07/2015	Common Stock	19,618	$68.88	D

Explanation of Responses:

1. References to Deere & Company common stock include associated preferred stock rights.

2. Includes 10,882 restricted stock units granted under the John Deere Omnibus Equity and Incentive Plan to be settled solely in shares and 1689 shares represented by units in the Deere stock fund of the Company's 401K savings plan. The number of 401K shares is estimated based on the value of the fund on January 16, 2006 and a stock price of $70.39 for such date.

3. All options include the ability to withold shares upon the exercise of the option to satisfy minimum required income tax obligations.

4. The options become exercisable in three approximately equal annual installments one, two and three years after grant. The date listed is the inital exercisable installment date.

Remarks:

Exhibit List Exhibit 24 Power of Attorney

	/s/James H. Becht, as Power of Attorney, Secretary, Deere & Company	01/23/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.