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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                 -------------

                                    FORM 10-K

                        FOR ANNUAL AND TRANSITION REPORTS
                     PURSUANT TO SECTIONS 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

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

        For the fiscal year ended December 31, 1997

                                       OR

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

                        Commission file number: 333-38681

                       Banc One Auto Grantor Trust 1997-B
                    -----------------------------------------
                    (Issuer with respect to the Certificates)

                              Bank One, Texas. N.A.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

           United States                                       75-2270994
----------------------------------                        --------------------
  (State or other jurisdiction                              (I.R.S. Employer
 of incorporation or organization)                         Identification No.)

          c/o Bank One, Texas, N.A., as Servicer, 150 East Campus View,
                      Attn: John Jaeger, Columbus, OH 43235
               --------------------------------------------------
               (Address of principal executive offices, zip code)

Registrant's telephone number, including area code:  (614) 248-3718
                                                     --------------

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 / /

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<PAGE>


        The Issuer has no officer, director or beneficial owner of more than 10%
of equity securities to whom Section 16(a) of the Act applies and consequently
Item 405 of Regulation S-K does not apply.

        The Issuer does not have any voting stock, has not been involved in
bankruptcy proceedings during the past five years and is not a corporate
registrant.

        No documents are incorporated by reference into this Form 10-K.




                             Exhibit Index on Page 9
                               Page 2 of 10 Pages.











                                     Page 2


<PAGE>


This Annual Report on Form 10-K is filed in accordance with a no-action letter
dated August 16, 1995 issued by the Office of Chief Counsel, Division of
Corporation Finance of the Securities and Exchange Commission, to Bank
One,Texas, N.A., as originator and servicer of Banc One Auto Trust 1995-A.
Consistent with such no-action letter, certain items have been omitted from or
modified in this Annual Report on Form 10-K.


                                     PART I

Item 1.        Business
               --------

               Omitted.

Item 2.        Properties
               ----------

               The property of Banc One Auto Grantor Trust 1997-B (the "Trust")
               consists of certain motor vehicle retail installment sale
               contracts secured by new or used automobiles, vans or light duty
               trucks. The Trust was formed pursuant to a Pooling and Servicing
               Agreement dated as of December 1, 1997 (the "Pooling Agreement")
               between Bank One, Texas, N.A., as seller and servicer, and
               Bankers Trust Company, as trustee.

               Information regarding the property of the Trust and the
               activities of Bank One, Texas, N.A., as Servicer (the
               "Servicer"), during the period from December 1, 1997 to December
               31, 1997 is contained in the Annual Statement prepared by the
               Servicer and filed as Exhibit 99.1 hereto.

Item 3.        Legal Proceedings
               -----------------

               Nothing to report.

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

               No matters were submitted to a vote of security holders during
               1997.






                                     Page 3


<PAGE>


                                     PART II


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

               Investor Certificates are held and delivered in book-entry form
               through the facilities of the Depository Trust Company ("DTC"), a
               clearing agency registered pursuant to the provisions of Section
               17A of the Securities Exchange Act of 1934, as amended. The
               Certificates are held by Cede & Co, the nominee of DTC.

               The records of DTC indicate that, at December 31, 1997, there
               were: (i) forty-eight (48) DTC Participants holding a position in
               the 6.29% Class A Asset Backed Certificates, Series 1997-B; and
               (ii) four (4) DTC Participant holding a position in the 6.46%
               Class B Asset Backed Certificates, Series 1997-B. There is no
               established public market in which the Certificates are traded.

Item 6.        Selected Financial Data.
               ------------------------

               Omitted.

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

               Omitted.

Item 8.        Financial Statements and Supplementary Data
               -------------------------------------------

               Omitted.

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

               None.


                                    PART III


Item 10.       Directors and Executive Officers of the Registrant
               --------------------------------------------------

               Omitted.



                                     Page 4


<PAGE>


Item 11.       Executive Compensation
               ----------------------

               Omitted.

Item 12.       Security Ownership of Certain Beneficial Owners and Management
               --------------------------------------------------------------

               At December 31, 1997, the Certificates were registered in the
               name of Cede & Co., as nominee of DTC. The records of DTC
               indicate that, at December 31, 1997, there were nine (9) DTC
               Participants holding positions in excess of five (5) percent of
               any class of outstanding Certificates. Such persons are described
               in the table below:

                                                   Amount and
                                                   Nature of
                                                   Beneficial        Percent
Title of           Name and Address of             Ownership         of
Class              Beneficial Owners               $(000's)          Class
-----              -----------------               --------          -----

6.29% Class A      Boston Safe Deposit             $ 51,695            9.03%
Asset Backed       and Trust Company
Certificates       c/o Mellon Bank N.A.
Series 1997-B      Three Mellon Bank Center
                   Room 153-3015
                   Pittsburgh, PA 15259

                   Chase Manhattan Bank             $158,550          27.69%
                   4 New York Plaza
                   Proxy Department, 13th Floor
                   New York, NY 10004

                   Northern Trust Company           $ 90,640          15.83%
                   801 S. Canal C-IN
                   Chicago, IL  60607