FORM 10-K

                     SECURITIES AND EXCHANGE COMMISSION

                        WASHINGTON, D.C.  20549-1004

(Mark One)

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

For the fiscal year ended December 31, 1996

                                     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   33-80413



                  Fleetwood Credit 1996-B Grantor Trust

-----------------------------------------------------------------
         (Exact name of registrant as specified in its charter)

             California                                          33-0444724
          ----------------                                    ---------------
          (State or Other                                      (IRS Employer
          jurisdiction of                                   Identification No.)
          incorporation)

     Fleetwood Credit Receivables Corp.
     22840 Savi Ranch Parkway
     P.O. Box 87024
     Yorba Linda, CA                                                92886-8724
     (Address of principal executive offices)                       (Zip Code)

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

Registrant's telephone number, including area code:             (714) 921-3400

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 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-----------

Trust does not have any voting stock.

Trust has not been involved in bankruptcy proceedings during the preceding
five years.

Trust is not reporting as a corporate issuer.



                                 PART I

Item 1.   Business.

          Not Applicable.


Item 2.   Properties.

          The Fleetwood Credit 1996-B Grantor Trust (the "Trust") was formed
          and its asset backed certificates (the "Certificates") were issued
          pursuant to a Pooling and Servicing Agreement, dated as of September
          1, 1996 (the "Agreement"), between Fleetwood Credit Receivables
          Corp., a California corporation, as Seller (the "Seller"), and
         Fleetwood Credit Corp., a California corporation, as Servicer (the
         "Servicer") and The Chase Manhattan Bank, as Trustee of the Trust
         (the "Trustee").  The Certificates consist of one class of senior
         certificates, (the "Class A Certificates") and one class of
         subordinated certificates, (the "Class B Certificates").  The Class A
         Certificates represent an undivided ownership interest of ninety-six
         point five percent (96.5%) of the Trust and the Class B Certificates
         represent an undivided ownership interest of three point five percent
         (3.5%) the Trust. The Class B Certificates are subordinate to the
         Class A Certificates in regard to the right to receive payments in
         the event of delinquency or default on the Receivables (as defined
         below).  Capitalized terms herein, unless otherwise defined herein,
         shall have the meanings specified in the Agreement.

         The property of the Trust includes a pool of simple interest retail
         installment sale contracts (the "Receivables") between dealers (the
         "Dealers") in new and used recreational vehicles, manufactured
         primarily by subsidiaries of Fleetwood Enterprises, Inc., and retail
         purchasers (the "Obligors"), and all payments due thereunder on or
         after September 1, 1996 (the "Cutoff Date") other than accrued
         interest owing on Receivables prior to the Cutoff Date.  The
         Receivables were originated by Dealers and subsequently assigned to
         the Servicer, and are serviced by the Servicer and evidence the
         indirect financing made available by the Servicer to the Obligors.
         The property of the Trust also includes:  (i) such amounts as from
         time to time may be held in an interest bearing trust account
         established and maintained by the Seller with the Trustee pursuant to
         the Agreement (the Subordinated Reserve Fund), and the proceeds
         thereof;  (ii) security interests in the financed vehicles and any
         accessions thereto;  (iii) benefits under the subordination of the
         Class B Certificates and the Servicer Letter of Credit; (iv) any
         recourse rights of the Seller against Dealers; and (v) the right to
         proceeds of physical damage, credit life, and disability insurance
         policies covering the financed vehicles or the Obligors.

         As of September 1, 1996, the Receivables included in the pool
         consisted of 8,570 contracts with an aggregate value of
         $205,480,433.58.



          As of December 31, 1996, the end of the year of the Trust for which
          this Form 10-K Annual Report is being filed, there were 8,206
          contracts with an aggregate value of $191,599,819.86 outstanding.

       The change in the aggregate principal balance of the Receivables
       between September 1, 1996, and December 31, 1996, was due to:
       (i) scheduled principal payments, made by or on behalf of the
       Obligors on the Receivables; and (ii) payment in full of 77
       Receivables.  There were no repurchases of defaulted Receivables
       pursuant to the Reserve Fund.  The net loss on Receivables for the
       period from September 1, 1996, through December 31, 1996, was
       $42,818.04.  The aggregate amount recovered from sales of
       repossessed vehicles during the period was $51,552.12.

       At December 31, 1996, there were twelve (12) accounts with an
       aggregate principal balance of $255,918.62 that were 30-59 days
       delinquent, three (3) accounts with an aggregate principal balance of
       $47,052.70 that were 60-89 days delinquent, and one (1) account with
       an aggregate principal balance of $3,322.82 that was 90 or more days
       delinquent.  The foregoing delinquent balances represent 0.133%,
       0.025%, 0.002% respectively, of the outstanding pool balance as of
       December 31, 1996 (0.160% in total).


Item 3.   Legal Proceedings.

          The Registrant knows of no material legal proceedings with respect
          to the Trust, involving the Trust, the Trustee or the Company, as
          Servicer of the Receivables, other than ordinary routine litigation
          incidental to the Trustee's or the Company's servicing duties under
          the Agreement.


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

          No matter was submitted during the period covered by this report to
          a vote of the Certificateholders.



                                 PART II

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

          (a)  CS First Boston and UBS Securities have informed the Company
               that, while they have been prepared to quote prices to
               institutional investors for the purchase and sale of
               Certificates, to the best of their knowledge, there have been
               only limited sporadic quotations for the purchase and sale of
               Certificates.

          (b)  As of December 31, 1996, there was one (1) Certificateholder of
               record, Cede & Co. as nominee for the Depository Trust Company
              ("DTC").

          (c)  Not Applicable.


Item 6.   Selected Financial Data.

          Not Applicable.


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

          Not Applicable.


Item 8.   Financial Statement and Supplementary Data.

          Not Applicable.


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.

          Not Applicable.


Item 11.  Executive Compensation.

          Not Applicable.


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

          (a)  To the best knowledge of the registrant, as of December 31,
               1996, there was one (1) Certificateholder of record for each
               class of certificates, Cede & Co. as nominee for DTC, whose
               participating members in aggregate owned of record in excess of
               five percent (5%) of the interest represented by the
               certificates, as set forth in the table below.  The Registrant
               has no knowledge of whether any of such participating member of
               DTC is a "Beneficial owner" ( as that term is defined in Rule
               13d-3 under the Securities Exchange Act of 1934), of the
               Certificates held of record.

<TABLE>
<CAPTION>

                       Name and Address of        Amount and Nature    Percent
Title of Class             Class A                       of              of
                       Certificateholder         Certificate Holdings  Class A
------------------------------------------------------------------------------
<S>                    <C>                       <C>                  <C>
Fleetwood Credit        Cede & Co.                205,204              96.500%
1996-B Grantor          P.O. Box 20               Certificates
Trust 6.90%             Bowling Green Station     representing
Asset Backed            New York, NY  10274       $198,288,618.40 <F1>
Certificates,
Class A

Fleetwood Credit        Cede & Co.                7,442                 3.500%
1996-B Grantor          P.O. Box 20               Certificates
Trust 7.10%             Bowling Green Station     representing
Asset Backed            New York, NY  10274       $7,191,815.18 <F1>
Certificates,
Class B

<FN>

 <F1>  Each Certificate represented $1,000 on date of issuance and $966.30
       as of December 31, 1996.  As of December 31, 1996, the aggregate
       outstanding principal amount of Certificates was $205,480,433.58.
</FN>
</TABLE>
          (b)  Not Applicable.

          (c)  Not Applicable.


Item 13.  Certain Relationships and Related Transactions.

          (a)  The Registrant knows of no transaction or series of similar
               transactions during the period from inception (September 1,
               1996) through December 31, 1996, or any currently proposed
               transaction or series of similar transactions to which the
               Trustee or the Trust has been or will be a party, involving an
               amount exceeding $60,000 and in which any Certificateholder or
               any beneficial owner, in either case, who owns more than five
               percent of the interest represented by the Certificates, or any
               member of the immediate family of any Certificateholder of
               beneficial owner, had or will have a direct or indirect
               material interest.


          (b)  Not Applicable.


          (c)  Not Applicable.



                                 PART IV

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

          (a)  The attached report of Coopers & Lybrand L.L.P. regarding the
               servicing  activities of the Company, prepared pursuant to
               ARTICLE XIII, Section 13.11. of the Standard Terms and
               Conditions of the Agreement, is filed as Exhibit 99.


          (b)  In its request for a no-action letter (which letter was issued
               by the Commission on September 19, 1991), Fleetwood Credit
               Receivables Corp. on behalf of the Registrant, proposed to
               include herein as an exhibit the Annual Report required to be
               issued following the end of each calendar year by the Trustee
               regarding distributions made to Certificateholders in the prior
               year.  The Registrant files herewith as Exhibit 19(b) the
               Trustee's Report for December 1996 as part of the annual report
               for the calendar year 1996 pursuant to ARTICLE XIV, Section
               14.11 of the Standard Terms and Conditions of the Agreement
               is filed as part of this Report.


           (c) Servicer's Certificate for December 1996 is filed as
               Exhibit 19(a).













 
<PAGE>
                              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 duly authorized.



                                   Fleetwood Credit 1996-B Grantor Trust

                                   By:  FLEETWOOD CREDIT CORP., as Servicer







Date: March 31, 1997                    By:  /s/ Marvin T. Runyon,III
                                        Name:  Marvin T. Runyon, III
                                        Title: Senior Vice President

                              INDEX TO EXHIBITS


 <TABLE>
 <CAPTION>

 SEQUENTIALLY
 EXHIBIT                                                            NUMBERED
 NUMBER                    EXHIBIT                                    PAGE
 -----------------------------------------------------------------------------
 <S>     <C>                                                      <C>
 19(a)    Servicer's Certificate for December, 1996
 19(b)    Trustee's Report
 99       Report of Independent Public Accountants





</TABLE>