The current study aims to investigate the possible role of Nerium oleander (NeOL) distillate in the treatment of diabetic neuropathy. The restorative affects of distillated NeOL on the diabetes-induced electrophysiological alterations were investigated. Induction of diabetes was done by the combination of single dose streptozotocin injection together with a high fat diet for four weeks. Experimental groups were designed as follows: control, diabetic, and NeOL treated diabetic. Nerve conduction velocity (CV) recordings were performed through a suction electrode from the tibia branch of the sciatic nerve trunk. Diabetes results an increase in rheobase, chronaxie values together with a decrease in maximum depolarization (MD), compound action potential (CAP) area and CV measurements. With its antioxidant nature, NeOL treatment produced nearly complete restorations of the diabetes-induced alterations. Current study has shown that distillated NeOL (375 µg /0.5 ml dH2O /day) can be a highly potential therapeutic agent on the diabetes induced alterations.