Item 8.01. Other Events

Description of the Securities and the Auto Loans

American Honda Receivables Corp. registered issuances of up to $15,000,000,000 principal amount of Asset Backed Notes and Asset Backed Certificates on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, as amended (the "Act"), by the Registration Statements on Form S-3 (Registration File No. 333-150095) (the "Registration Statement"). Pursuant to the Registration Statement, Honda Auto Receivables 2008-1 Owner Trust (the "Issuer") issued $1,455,000,000 Class A-1 2.91645% Asset Backed Notes (the "Class A-1 Notes"), Class A-2 3.77% Asset Backed Notes (the "Class A-2 Notes"), Class A-3 4.47% Asset Backed Notes (the "Class A-3 Notes") and Class A-4 4.88% Asset Backed Notes (the "Class A-4 Notes") (collectively, the "Notes"), on June 26, 2008. This Current Report on Form 8-K is being filed to satisfy an undertaking to file copies of certain agreements executed in connection with the issuance of the Notes.

The Notes were issued pursuant to an Indenture (the "Indenture") attached hereto as Exhibit 4.1, dated as of June 1, 2008, between the Issuer and Deutsche Bank Trust Company Americas, as indenture trustee (the "Indenture Trustee"). The Notes represent non-recourse obligations of the Issuer, which obligations are secured by the pledge by the Issuer to the Indenture Trustee of auto loans and certain related property.

The Notes evidence indebtedness of the Issuer, the assets of which consist primarily of certain fixed rate retail installment sales contracts secured by new and used Honda and Acura automobiles and light-duty trucks financed thereby.

As of the applicable cut-off date, which was June 1, 2008, the receivables possessed the characteristics described in the Prospectus dated June 18, 2008 and the Prospectus Supplement dated June 18, 2008, filed pursuant to Rule 424(b)(5) of the Act on June 20, 2008.

Item 9.01. Financial Statements and Exhibits

(a) Not applicable.

(b) Not applicable.

(c) Not applicable.

(d) Exhibits:

1.1 Underwriting Agreement, dated June 18, 2008, among American Honda Receivables Corp., American Honda Finance Corporation and Barclays Capital Inc.

4.1 Indenture, dated as of June 1, 2008, between Honda Auto Receivables 2008-1 Owner Trust and Deutsche Bank Trust Company Americas, as indenture trustee.

4.2 Amended and Restated Trust Agreement, dated June 26, 2008, among American Honda Receivables Corp. and U.S. Bank Trust National Association, as owner trustee.

99.1 Sale and Servicing Agreement, dated as of June 1, 2008, among Honda Auto Receivables 2008-1 Owner Trust, American Honda Receivables Corp. and American Honda Finance Corporation.

99.2 Receivables Purchase Agreement, dated as of June 1, 2008, between American Honda Finance Corporation and American Honda Receivables Corp.

99.3 Administration Agreement, dated as of June 1, 2008, among Honda Auto Receivables 2008-1 Owner Trust, American Honda Finance Corporation, American Honda Receivables Corp. and Deutsche Bank Trust Company Americas, as indenture trustee.

99.4 Control Agreement, dated as of June 1, 2008, among American Honda Receivables Corp., Honda Auto Receivables 2008-1 Owner Trust, American Honda Finance Corporation, Deutsche Bank Trust Company Americas, as indenture trustee and assignee-secured party, and Deutsche Bank Trust Company Americas, as securities intermediary.

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