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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549



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FORM 10-K

(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, 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: 333-51214

WFS Financial 2001-A Owner Trust

(Exact name of registrant as specified in its charter)


|                                                                                      |  |                                     
|------------------------------------------------------------------------------------- |  | ------------------------------------
|Delaware                                                                              |  | 33-0885464                          
|                                                                                      |  |                                     
|(State or other
jurisdiction ofincorporation or organization)                         |  | (I.R.S. employer
identification no.)
|                                                                                     
|WFS Receivables Corporation (as Originator)
6655 West Sahara Avenue
Las Vegas, Nevada |  | 89146                               
|                                                                                      |  |                                     
|(Address of principal executive offices)                                              |  | (Zip Code)                          

Registrants telephone number, including area code (702) 227-8100

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.  [X]

DOCUMENTS INCORPORATED BY REFERENCE:  See
Index to Exhibits, Exhibits 20.1 and 20.4.



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TABLE OF CONTENTS



|                  |                                                                                               |  |  |  |  |  |  | 
|----------------- | --------------------------------------------------------------------------------------------- |  |  |  |  |  |  | 
|PART I           
|                  | Item 1. Business                                                                             
|                  | Item 2. Properties                                                                           
|                  | Item 3. Legal Proceedings                                                                    
|                  | Item 4. Submission of Matters to a Vote of Security Holders                                  
|PART II          
|                  | Item 5. Market for Registrants Common Equity and Related Stockholder Matters                
|                  | Item 6. Selected Financial Data                                                              
|                  | Item 7. Managements Discussion and Analysis of Financial Condition and Results of Operations
|                  | Item 8. Financial Statements and Supplementary Data                                          
|                  | Item 9. Disagreements on Accounting and Financial Disclosure                                 
|PART III         
|                  | Item 10. Directors and Officers of the Registrant                                            
|                  | Item 11. Executive Compensation                                                              
|                  | Item 12. Security Ownership of Certain Beneficial Owners and Management                      
|                  | Item 13. Certain Relationships and Related Transactions                                      
|                  | Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K                    
|SIGNATURES       
|INDEX TO EXHIBITS
|EXHIBIT 20.2     
|EXHIBIT 20.3     
|EXHIBIT 23       



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PART I




Item 1. Business

Not applicable.




Item 2. Properties

On January 12, 2001, the Commission declared effective a Registration Statement
on Form S-3 (File No. 333-51214) (the Registration Statement) under the
Securities Act of 1933, as amended, providing for the
issuance by the Originator and WFS Financial Auto Loans, Inc. (WFAL) of
several series of asset-backed securities through a series of trusts to be
originated by the Originator and/or WFAL. The WFS Financial 2001-A Owner Trust
(the Trust) is one of the trusts to be so originated and the Trust issued the
following securities pursuant to a prospectus dated as of January 17, 2001
consisting of a prospectus supplement and base prospectus (the Prospectus):



| | $179,000,000 of 5.58125% Auto
Receivable Backed Notes, Class A-1,
$232,000,000 of 5.52% Auto Receivable Backed Notes, Class A-2,
$334,000,000 of LIBOR + 0.17% Auto Receivable Backed Notes,
Class A-3, and
$255,000,000 of LIBOR + 0.22% Auto Receivable Backed Notes, Class A-4.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

The Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class A-4 Notes (the
Notes) were issued by the Trust on February 2, 2001. The Notes are secured
by the assets of the Trust. The Notes were issued in fully-registered form in
denominations of $1,000 and integral multiples thereof. As more fully
described
in the Prospectus, the assets of the Trust include (i) a pool of retail
installment contracts secured by liens on new and pre-owned automobiles and
light trucks (Contracts), (ii) a financial guaranty insurance policy
(Policy) issued by Financial Security Assurance Inc., (iii)
an interest rate cap agreement, and (iv) certain accounts maintained by the
Trustee on behalf of the Trust, including all investments held thereby and all
income from the investment of funds therein and all proceeds therefrom. The
Trust did not issue any certificates representing ownership interests in the
assets of the Trust pursuant to the Registration Statement, but did issue
certificates (Certificates and together with the Notes, the Securities) to
the Originator. The Certificates issued to the Originator are not registered
pursuant to the Registration Statement, as amended.

Information as to the number of Contracts remaining in the Trust, the aggregate
unpaid principal balance thereof, the decrease therein, delinquencies on the
Contracts, collections of principal and interest made, fees paid to the
Servicer and the amount of the Policy are set forth in the exhibits attached
hereto or incorporated herein in response to Item 14, below.




Item 3. Legal Proceedings

The Registrant knows of no material pending legal proceedings with respect to
the Trust involving the Trust, the Trustee, the Seller or the Servicer.




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

No matter was submitted to a vote of the holders of the Securities during the
fiscal year covered by this Report.




PART II




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

As of March 28, 2002, there were only two holders of record of the Securities.
See also Item 12. Security Ownership of Certain Beneficial Owners and
Management. There was no principal market in which the Securities traded.



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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. Disagreements on Accounting and Financial Disclosure

None.




PART III




Item 10. Directors and Officers of the Registrant

Omitted.




Item 11. Executive Compensation

Omitted.




Item 12. Security Ownership of Certain Beneficial Owners and Management

As of March 28, 2002, WFS Receivables Corporation was the only holder of record
which beneficially owns more than 5% of the Certificates. The dollar and
percentage amounts reflected in the table below are based upon the face amount
of the Certificates as of the Closing Date, and do not reflect amortization, if
any, since that date.

|                                                                        |  |                                 |  |                         |     |  
|----------------------------------------------------------------------- |  | ------------------------------- |  | ----------------------- | --- | -
|                                                                        |  | Amount of Certificates          |  | Percent of Certificates
|Name and Address of Participant                                         |  | Beneficially Owned              |  | Beneficially Owned     
|                                                                        |  |                                 |  |                        
|WFS Receivables Corporation
6655 West Sahara Avenue
Las Vegas, NV 89146 |  | no face amount
(residual value) |  |                         | 100 | %




Item 13. Certain Relationships and Related Transactions

There have not been any transactions or series of transactions since the start
of the Trusts last fiscal year between the Trust and any Certificateholder
which is identified as the beneficial owner of more than 5% of the Certificates
in Item 12, above.




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



|(a) | The following documents are filed as part of this Report:
|--- | ---------------------------------------------------------



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|               |  |                                                                                                                                                                                                                                                                                                                                                                                                        
|-------------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit Number |  | Description                                                                                                                                                                                                                                                                                                                                                                                            
|               |  |                                                                                                                                                                                                                                                                                                                                                                                                        
|20.1           |  | Current Report on Form 8-K for the October, 22, 2001
Distribution Date (incorporated herein by reference to the WFS
Financial 2001-A Owner Trust Form 8-K filed on October 22, 2001,
file number 333-0885464)                                                                                                                                                                                          
|              
|20.2           |  | Independent Auditors Report dated January 22, 2002                                                                                                                                                                                                                                                                                                                                                    
|              
|20.3           |  | Annual Statement of Compliance by Master Servicer dated March 26, 2002                                                                                                                                                                                                                                                                                                                                 
|              
|20.4           |  | Consolidated financial statements of Financial Security
Assurance Inc. and Subsidiaries as of December 31, 2001 and 2000,
and for each of the three years in the period ended December 31,
2001 (incorporated by reference from the Annual Report on Form 10-K
of Financial Security Assurance Holdings Ltd. for the year ended
December 31, 2001 (file # 1-12644) as filed on or about March 28,
2002)
|              
|23             |  | Written Consent of PricewaterhouseCoopers LLP                                                                                                                                                                                                                                                                                                                                                          



|(b) | Reports on Form 8-K: All
reports filed on Form 8-K required to be disclosed are identified above in response to Item 14(a).
|--- | ---------------------------------------------------------------------------------------------------------------------------



|(c) | Omitted.
|--- | --------



|(d) | Omitted.
|--- | --------



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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.

| |                                           | 
| | ----------------------------------------- | 
| | WFS FINANCIAL 2001-A OWNER TRUST         
|
| | BY: WFS FINANCIAL INC, as Master Servicer

|                     |     |                                                 
|-------------------- | --- | ------------------------------------------------
|Date: March 28, 2002 | By: | /s/ MARK OLSON                                  
|                     |     |                                                 
|                     |     | Mark Olson, Controller and Senior Vice President



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INDEX TO EXHIBITS

|            |  |                                                                                                                                                                                                                                                                                                                                                                                                         |  | 
|----------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | 
|Exhibit No. |  | Description                                                                                                                                                                                                                                                                                                                                                                                             |  | 
|            |  |                                                                                                                                                                                                                                                                                                                                                                                                         |  | 
|20.1        |  | Current Report on Form 8-K for the
October, 22, 2001 Distribution Date (incorporated
herein by reference to the WFS Financial 2001-A Owner
Trust Form 8-K filed on October 22, 2001, file number
333-0885464)                                                                                                                                                                                           |  | 
|           
|20.2        |  | Independent Auditors Report dated January
22, 2002                                                                                                                                                                                                                                                                                                                                                     |  | 
|           
|20.3        |  | Annual Statement of Compliance by Master
Servicer dated March 26, 2002                                                                                                                                                                                                                                                                                                                                  |  | 
|           
|20.4        |  | Consolidated financial statements of
Financial Security Assurance Inc. and Subsidiaries as
of December 31, 2001 and 2000, and for each of the
three years in the period ended December 31, 2001
(incorporated by reference from the Annual Report on
Form 10-K of Financial Security Assurance Holdings
Ltd. for the year ended December 31, 2001 (file #
1-12644) as filed on or about March 28, 2002) |  | 
|           
|23          |  | Written Consent of PricewaterhouseCoopers LLP                                                                                                                                                                                                                                                                                                                                                           |  |