SECURITIES AND EXCHANGE COMMISSION
			WASHINGTON, DC 20549
			______________________

			    FORM 10-K

?? ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
  EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2000

                                OR

  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
  SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____________ to _________________


		Commission file number 333-39120

		MMCA Auto Owner Trust 2000-1
		MMCA Auto Receivables Trust
	(Originator of the MMCA Auto Owner Trust 2000-1)
	(Exact name of registrant as specified in its charter)


       	Delaware                                       33 - 0869011
  (State or other jurisdiction                        (IRS Employer
of incorporation or organization)                     Identification No.)


    6363 Katella Avenue
    Cypress, California                                90630-5205
(Address of principal executive offices)               (Zip Code)


Registrant's telephone number, including area code:    (714) 236-1614

Securities registered pursuant to Section
12(b) of the Act:                                       None.

Securities registered pursuant to Section
12(g) of the Act:                                       None.


	Indicate by check mark whether the registrant: (1) has filed
all reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such shorter
period that the registrant was required to file such reports) and (2) has
been subject to such filing requirements for the past 90 days.  Yes  X  No.

	Indicate by check mark if disclosure of delinquent filers pursuant
to Item 405 of Regulation S-K is not contained herein, and will not be
contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this
Form 10-K or any amendment to this Form 10-K. ?



	State the aggregate market value of the voting stock held by
non-affiliates of the registrant:  None.

	Indicate the number of share outstanding of the registrant's classes
of common stock, as of the latest practicable date:  None.

	Documents incorporated by reference:  None.


PART I

Item 1.		Business

Not applicable.


Item 2.		Properties

MMCA Auto Owner Trust 2000-1 (the "Trust") was formed on August 1, 2000
pursuant to a Trust Agreement (the "Trust Agreement"), dated as of August 1,
2000, between MMCA Auto Receivables Trust, as depositor ("MART"), and
Wilmington Trust Company, as owner trustee.  Pursuant to the Trust Agreement,
the Trust issued certificates evidencing an interest in the trust property
(the "Certificates").  The Certificates are held by MMCA Auto Receivables
Trust and Mitsubishi Motors Credit of America, Inc.

Pursuant to an Indenture, dated as of August 1, 2000, between the Trust,
as issuer, and Bank of Tokyo - Mitsubishi Trust Company, as indenture trustee
(the "Indenture Trustee"), the Trust issued asset-backed notes (the "Notes").
The Notes consist of five classes (the "6.72625% Class A-1 Asset Backed
Notes," "6.95% Class A-2 Asset Backed Notes," "7.00% Class A-3 Asset Backed
Notes", "7.08% Class A-4 Asset Backed Notes", and "7.55% Class B Asset
Backed Notes).  The 6.72625% Class A-1 Asset Backed Notes, 6.95% Class A-2
Asset Backed Notes, 7.00% Class A-3 Asset Backed Notes, 7.08% Class A-4
Asset Backed Notes, and 7.55% Class B Asset Backed Notes were registered
and publicly offered and sold.

The assets of the Trust primarily include a pool of motor vehicle retail
installment sale contracts originated by Mitsubishi Motors Credit of America,
Inc. ("MMCA") and secured by new and used motor vehicles and light- and
medium-duty trucks.  The Trust's business activities include acquiring and
holding the assets of the Trust, issuing the Notes, the Certificates and
the Final Payment Certificate and distributing payments on the Notes, the
Certificates and the Final Payment Certificate.

Pursuant to a Sale and Servicing Agreement, dated as of August 1, 2000,
among the Trust, as issuer, MART, as seller, and MMCA, as servicer, MMCA
administers and services the Trust's pool of motor vehicle retail installment
contracts.



Item 2.		Properties (continued)

The following tables set forth the delinquency experience with respect to the
level payments due each month on the Trust's motor vehicle retail installment
sale contracts but does not include the delinquency experience with respect to
balloon payments due at the end of the term of the Trust's contracts which
provide for such payments.  The period of delinquency is based on the number
of days for which more than 10% of a level payment is contractually past due,
and the delinquency rate as a percentage of the balance outstanding represents
delinquent dollars as a percentage of dollars outstanding.







					December 31, 2000



				Contracts 		Balances
							of Receivables
Delinquent Contracts:
	(i) 30-59 Days		1,223 			$23,209,668.04
	(ii) 60-89 Days	 	269 			$4,905,895.03
	(iii) 90 Days or More	150 			$3,094,744.47




					December 31, 2000




				% of Contracts		% of Balance
				Outstanding		Outstanding

Delinquency Rates:
  (i) 30-59 Days Delinquent	1.53% 			1.33%
  (ii) 60-89 Days Delinquent	0.34% 			0.28%
 (iii) 90 Days or More Delinq	0.19% 			0.18%


The following table sets forth the net loss experience with respect to the
payments due each month on the Trust's motor vehicle retail installment sale
contracts, including contracts that provide for balloon payments at the end
of the terms of such contracts.



					December 31, 2000




				Contracts 		Amount
Aggregate Net Losses		360 			$4,700,626.89




Item 3.		Legal Proceedings

There is nothing to report with regard to this item.


Item 4.		Submission of Matters to a Vote of Security Holders

There is nothing to report with regard to this item.


PART II

Item 5.		Market for the Registrant's Common Equity and Related
		Stockholder Matters

The holder of record of all the Notes as of December 31, 2000 was Cede & Co.,
the nominee of The Depository Trust Company ("DTC") in the United States.
An investor holding Notes is not entitled to receive a certificate
representing such Notes except in limited circumstances.  Accordingly,
Cede & Co. is the sole holder of record of the Notes, which it holds on
behalf of brokers, dealers, banks and other participants in the DTC
system.  Such participants may hold Notes for their own accounts or for
the accounts of their customers.  The address of Cede & Co. is:

			Cede & Co.
			c/o The Depository Trust Company
			Seven Hanover Square
			New York, New York 10004

The holder of record of all of the Certificates as of December 31, 2000 was
MMCA Auto Receivables Trust.


Item 6.		Selected Financial Data

Not applicable.


Item 7.		Management's Discussion and Analysis of Financial Condition
		and Results of Operations

Not applicable.


Item 7A.	Quantitative and Qualitative Disclosures About Market Risk

Not applicable.


Item 8.		Financial Statements and Supplementary Data

Not applicable.


Item 9.		Changes in and Disagreements with Accountants on Accounting and
		Financial Disclosure

There is nothing to report with regard to this item.


PART III

Item 10.	Directors and Executive Officers of the Registrant

Not applicable.


Item 11 	Executive Compensation

Not applicable.


Item 12.	Security Ownership of Certain Beneficial Owners and Management

There is nothing to report with regard to this item.


Item 13.	Certain Relationships and Related Transactions

There is nothing to report with regard to this item.


PART IV

Item 14.	Exhibits, Financial Statement Schedules, and Reports on Form 8-K

	(a)	1.	Not applicable.
		2.	Not applicable.
		3.	Exhibits:
			99.1 Annual Statement as to Compliance.
			99.2 Annual Independent Public Accountant's Servicing
			Report.

	(b)	Reports on Form 8-K.

		The Registrant has filed Current Reports on Form 8-K with
		the Securities and Exchange Commission dated September 11,
		2000, October 11, 2000, November 9, 2000, December 11, 2000,
		and January 9, 2001.

	(c)	See (a) 3 above.

	(d)	Not applicable.



 	SIGNATURES

	Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, as amended, the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly authorized.

					MMCA AUTO OWNER TRUST 2000-1

					BY:  MMCA AUTO RECEIVABLES TRUST


Date: March 21, 2001			By:   /s/ Hideyuki Kitamura
       						Hideyuki Kitamura
					       Secretary and Treasurer


	SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT
TO SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED
SECURITIES PURSUANT TO SECTION 12 OF THE ACT.

	No annual report, proxy statement, form of proxy or other soliciting
material has been sent to holders of the Notes during the period covered by
this report and the registrant does not intend to furnish such materials to
holders of the Notes subsequent to the filing of this report.