**UNITED STATESSECURITIES AND EXCHANGE COMMISSION**Washington, D.C. 20549

**FORM 10-K**

**[ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OFSECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED]For the fiscal year ended March 31, 2003**

OR

**[   ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]For the transition period from to**

Commission file number 333-92827

 

**Honda Auto Receivables 2000-1 Owner Trust**(Exact name of registrant as specified in its charter)

| **Delaware**                                   | **95-****7105993**                  |
|------------------------------------------------|-------------------------------------|
| (State or other jurisdiction of incorporation) | (I.R.S Employer Identification No.) |

| **700 Van Ness Avenue Torrance, CA**     | **90501**  |
|------------------------------------------|------------|
| (Address of principal executive offices) | (Zip Code) |

Registrant's telephone number, including area code: (310)781-6131

Securities registered pursuant to Section 12(b) of the Act:

| Title of each class | Name of each exchange on which registered |
|---------------------|-------------------------------------------|
| **None**            | **None**                                  |

Securities registered pursuant to section 12(g) of the Act:

**None**(Title of class)

   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 shorterperiod 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 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. [ X ]

**PART I**

Item 1.    Business

   The following tables set forth the number and aggregate principal amount of delinquent receivables, the delinquency rates, and aggregate net losses of the Honda Auto Receivables 2000-1 Owner Trust as of March31, 2003 :

1. Delinquent Contracts:

|                               | **Contracts** | **Amount ($000's)** |
|-------------------------------|---------------|---------------------|
| a. 31 - 60 Days Delinquent    | 1,127         | 7,028               |
| b. 61 - 90 Days Delinquent    | 270           | 1,776               |
| c. 91 Days or More Delinquent | 35            | 243                 |

2. Delinquent Ratio:

|                       |  | **Amount ($000's)** |
|-----------------------|--|---------------------|
| a. Delinquent Balance |  | 9,047               |
| b. Total Pool Balance |  | 214,048             |
| c. Delinquency Ratio  |  | 4.23%               |

3. Aggregate Net Losses:

|                          |  | **Amount ($000's)** |
|--------------------------|--|---------------------|
| a. Cumulative Net Losses |  | 3,685               |
| b. Original Portfolio    |  | 1,100,025           |
| c. Aggregate Loss Ratio  |  | 0.33%               |

Item 2.    Properties          The Honda Auto Receivables 2000-1 Owner Trust (the "Trust") is a Delaware business trust          formed pursuant to the trust agreement (the "Trust Agreement") between American Honda          Receivables Corp., as seller (the "Seller"), and Bankers Trust (Delaware), as owner trustee          (the "Owner Trustee").

          The trust issued four classes of notes and a class of certificates (respectively, the "Class A-1          Notes 6.71125% ", "Class A-2 Notes 6.650% ", "Class A-3 Notes 6.620%", "Class A-4 Notes          6.670% "). The notes are backed by a pledge of the trust's assets.

          The trust's assets include fixed rate motor vehicle retail installment sales contracts secured by          new and used Honda and Acura motor vehicles (the "Receivables").

Item 3.    Legal Proceedings          N/A

Item 4.    Submission of Matters to a Vote of Securityholders          N/A

**PART II**

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

          All holders of records of the Class A Certificates issued by Honda Auto          Receivables 2000-1 Owner Trust (except for American Honda Receivables Corp.)          are registered through the nominee of Cede.

Item 6.    Selected Financial Data          N/A

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

Item 8.    Financial Statements and Supplementary Data          N/A

Item 9.    Changes In and Disagreements with Accountants on Accounting and Financial Disclosure          N/A

**PART III**

Item 10.  Directors and Executive Officers of the Registrant          N/A

Item 11.  Executive Compensation          N/A

Item 12.  Security Ownership of Certain Beneficial Owners and Management          N/A

Item 13.  Certain Relationships and Related Transactions          N/A

**PART IV**

Item14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K.

(a) Exhibit No. 99

Description

Annual Statement to the Trustees pursuant to Section 3.12 of the Sale and Servicing Agreement, dated as of October 1, 2000 among American Honda Receivables Corp., as Seller, American Honda Finance Corporation, as Servicer,Bankers Trust (Delaware) Company, as Owner Trustee and U.S.Bank National Bank, as Indenture Trustee.

(b) Reports
| **Form 8K** | **Reports**             | **Date**         |
|-------------|-------------------------|------------------|
|             | The month of Apr. 2002  | (May.15, 2002)   |
|             | The month of May. 2002  | (Jun. 17, 2002)  |
|             | The month of Jun. 2002  | (Jul. 15, 2002)  |
|             | The month of Jul. 2002  | (Aug. 15, 2002)  |
|             | The month of Aug. 2002  | (Sept. 16, 2002) |
|             | The month of Sept. 2002 | (Oct. 15, 2002)  |
|             | The month of Oct. 2002  | (Nov.15, 2002)   |
|             | The month of Nov. 2002  | (Dec.16, 2002)   |
|             | The month of Dec. 2002  | (Jan.15, 2003)   |
|             | The month of Jan. 2003  | (Feb.18, 2003)   |
|             | The month of Feb. 2003  | (Mar.17, 2003)   |
|             | The month of Mar. 2003  | (Apr.15, 2003)   |

 

**SIGNATURES**

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

Honda Auto Receivables 2000-1 Owner TrustBy: American Honda Finance Corporation, as Servicer(Registrant)

By:**/s/ John I. WeisickleJohn I. Weisickle, Vice President**