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, 2001

                                 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 333-85685

		MMCA Auto Owner Trust 1999-2
		MMCA Auto Receivables Trust
		(Originator of the MMCA Auto Owner Trust 1999-2)
		(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 1999-2 (the "Trust") was formed on
October 1, 1999 pursuant to a Trust Agreement (the "Trust Agreement"),
dated as of October 1, 1999, 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 October 1, 1999, 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 four classes
(the "6.30% Class A-1 Asset Backed Notes," "6.80% Class A-2 Asset Backed
Notes," "7.00% Class A-3 Asset Backed Notes" and "7.55% Class B Asset
Backed Notes"). The 6.30% Class A-1 Asset Backed Notes, 6.80% Class A-2
Asset Backed Notes, 7.00% Class A-3 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
October 1, 1999, 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, 2001

				Contracts 	Balances of Receivables

Delinquent Contracts:
	(i) 30-59 Days		1,491 		$21,712,571.32
	(ii) 60-89 Days		311 		$4,594,010.41
	(iii) 90 Days or More	211 		$3,167,533.41




					December 31, 2002

		% of Contracts Outstanding 	% of Balance Outstanding

Delinquency Rates:
(i) 30-59 Days Delinquent	5.49% 		6.10%
(ii) 60-89 Days Delinquent	1.14%		1.29%
(iii) 90 Days or More Delinq.	0.78% 		0.89%


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, 2001




				Contracts 	Amount
Aggregate Net Losses		1,606 		$12,543,316.40




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, 2001 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,
2001 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 February 9, 2001,
		 March 9, 2001, April 9, 2001, May 9, 2001, June 8, 2001,
		 July 9, 2001, August 9, 2001, September 7, 2001,
		 October 9, 2001, November 8, 2001, December 7, 2001, and
		 January 9, 2002.

	(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 1999-2

				BY:  MMCA AUTO RECEIVABLES TRUST


Date: March 29, 2002		By:   /s/ Hideyuki Kitamura
       					Hideyuki Kitamura
					Exec. V.P., Finance & Corporate Planning


	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.