A vector ray-tracing model (VRT) has been developed to compute the optical caustics associated with the primary rainbow for an oblate spheroidal water drop illuminated by a Gaussian beam. By comparing the optical caustic structures (in terms of limiting rainbow and hyperbolic umbilic fringes) for a water drop with a Gaussian beam (GB) illumination with that for the same drop, but with parallel beam (PB) illumination, the influence of the Gaussian beam on the optical caustics is investigated. For a water drop with GB illumination and different drop/beam ratios (i.e., the ratio between the drop equatorial radius and the Gaussian beam waist), the location of cusp points and the curvature of the limiting rainbow fringe are also studied. We anticipate that these results not only confirm the approach to compute optical caustics for oblate spheroidal drops illuminated by a shaped beam, but may also lead to a new method for measuring the aspect ratio of spheroidal drops.