CREDITSUISSE FIRST BOSTONPAGE 1

AMERICAN HONDA FINANCECORPORATION Annual Statement to Certificateholder—HondaAuto Receivables 2004-3 Owner Trust04/01/05 through03/31/06

|                                                   |  |  |                   |  |  |        |
|---------------------------------------------------|--|--|-------------------|--|--|--------|
| I.ORIGINAL DEAL PARAMETER INPUTS                  |  |  |              |  |  |   |
| (A)Total Portfolio Balance                        |  |  | $1,562,279,257.07 |  |  |   |
| (B)Total Securities Balance                       |  |  | $1,562,279,257.07 |  |  |   |
| (C)Class A-1Notes                                 |  |  |              |  |  |   |
| (i) ClassA-1 NotesBalance                         |  |  | $370,000,000.00   |  |  |   |
| (ii) ClassA-1 Notes Percentage (C(i)/B)           |  |  | 23.68%            |  |  |   |
| (iii) Class A-1 NotesRate                         |  |  | 2.09250%          |  |  |   |
| (iv) ClassA-1 Notes Accrual Basis                 |  |  | Actual/360        |  |  |   |
| (D)Class A-2Notes                                 |  |  |              |  |  |   |
| (i) ClassA-2 Notes Balance                        |  |  | $420,000,000.00   |  |  |   |
| (ii) Class A-2 NotesPercentage (D(i)/B)           |  |  | 26.88%            |  |  |   |
| (iii) Class A-2 NotesRate                         |  |  | 2.480%            |  |  |   |
| (iv) Class A-2Notes Accrual Basis                 |  |  | 30/360            |  |  |   |
| (E)Class A-3Notes                                 |  |  |              |  |  |   |
| (i) ClassA-3 Notes Balance                        |  |  | $475,000,000.00   |  |  |   |
| (ii) Class A-3 NotesPercentage (E(i)/B)           |  |  | 30.40%            |  |  |   |
| (iii) Class A-3 NotesRate                         |  |  | 2.910%            |  |  |   |
| (iv) Class A-3Notes Accrual Basis                 |  |  | 30/360            |  |  |   |
| (F)Class A-4Notes                                 |  |  |              |  |  |   |
| (i) ClassA-4 Notes Balance                        |  |  | $246,505,000.00   |  |  |   |
| (ii) Class A-4 NotesPercentage (F(i)/B)           |  |  | 15.78%            |  |  |   |
| (iii) Class A-4 NotesRate                         |  |  | 3.280%            |  |  |   |
| (iv) Class A-4Notes Accrual Basis                 |  |  | 30/360            |  |  |   |
| (G)Certificates                                   |  |  |              |  |  |   |
| (i)Certificates Balance                           |  |  | $50,774,257.07    |  |  |   |
| (ii) CertificatesPercentage (G(i)/B)              |  |  | 3.25%             |  |  |   |
| (iii) CertificatesRate                            |  |  | 3.280%            |  |  |   |
| (iv)Certificates Accrual Basis                    |  |  | 30/360            |  |  |   |
| (H)Servicing FeeRate                              |  |  | 1.00%             |  |  |   |
| (I)PortfolioSummary                               |  |  |              |  |  |   |
| (i)Weighted Average Coupon (WAC)                  |  |  | 5.27%             |  |  |   |
| (ii) Weighted AverageOriginal Maturity (WAOM)     |  |  | 58.65             |  |  | months |
| (iii)Weighted Average Remaining Maturity (WAM)    |  |  | 51.28             |  |  | months |
| (iv) Number ofReceivables                         |  |  | 103,811           |  |  |   |
| (J)Reserve Fund                                   |  |  |              |  |  |   |
| (i)Reserve Account Initial Deposit Percentage     |  |  | 0.50%             |  |  |   |
| (ii) Reserve AccountInitial Deposit               |  |  | $7,811,396.29     |  |  |   |
| (iii) Specified ReserveAccountPercentage          |  |  | 0.50%             |  |  |   |
| (iv)Specified Reserve AccountBalance              |  |  | $7,811,396.29     |  |  |   |
| (K)Yield Supplement Account Deposit               |  |  | $6,413,601.55     |  |  |   |
| II.INPUTS FROM PREVIOUS MONTHLY SERVICERREPORTS   |  |  |              |  |  |   |
| (A)Total Portfolio Balance                        |  |  | $1,276,346,540.33 |  |  |   |
| (B) Total SecuritiesBalance                       |  |  | $1,276,346,540.33 |  |  |   |
| (C)Cumulative Note and Certificate Pool Factor    |  |  | 0.8169772         |  |  |   |
| (D) Class A-1Notes                                |  |  |              |  |  |   |
| (i) ClassA-1 Notes Balance                        |  |  | $84,067,283.26    |  |  |   |
| (ii)Class A-1 Notes Pool Factor                   |  |  | 0.2272089         |  |  |   |
| (iii) Class A-1 NotesInterest Carryover Shortfall |  |  | $0.00             |  |  |   |
| (iv) Class A-1 Notes PrincipalCarryover Shortfall |  |  | $0.00             |  |  |   |
| (E)Class A-2Notes                                 |  |  |              |  |  |   |
| (i) ClassA-2 Notes Balance                        |  |  | $420,000,000.00   |  |  |   |
| (ii) Class A-2 NotesPool Factor                   |  |  | 1.0000000         |  |  |   |
| (iii) ClassA-2 Notes Interest Carryover Shortfall |  |  | $0.00             |  |  |   |
| (iv) Class A-2 Notes PrincipalCarryover Shortfall |  |  | $0.00             |  |  |   |
| (F)Class A-3Notes                                 |  |  |              |  |  |   |
| (i) ClassA-3 Notes Balance                        |  |  | $475,000,000.00   |  |  |   |
| (ii) Class A-3 NotesPool Factor                   |  |  | 1.0000000         |  |  |   |
| (iii) ClassA-3 Notes Interest Carryover Shortfall |  |  | $0.00             |  |  |   |
| (iv) Class A-3 Notes PrincipalCarryover Shortfall |  |  | $0.00             |  |  |   |
| (G)Class A-4Notes                                 |  |  |              |  |  |   |
| (i) ClassA-4 Notes Balance                        |  |  | $246,505,000.00   |  |  |   |
|                                                   |

----

|                                                   |  |  |                |  |  |        |
|---------------------------------------------------|--|--|----------------|--|--|--------|
| (ii) Class A-4 Notes PoolFactor                   |  |  | 1.0000000      |  |  |   |
| (iii)Class A-4 Notes Interest Carryover Shortfall |  |  | $0.00          |  |  |   |
| (iv) Class A-4 NotesPrincipal Carryover Shortfall |  |  | $0.00          |  |  |   |
| (H)Certificates                                   |  |  |           |  |  |   |
| (i)Certificates Balance                           |  |  | $50,774,257.07 |  |  |   |
| (ii) Certificates PoolFactor                      |  |  | 1.0000000      |  |  |   |
| (iii)Certificates Interest Carryover Shortfall    |  |  | $0.00          |  |  |   |
| (iv) Certificates PrincipalCarryover Shortfall    |  |  | $0.00          |  |  |   |
| (I)ServicingFee                                   |  |  |           |  |  |   |
| (i)Servicing Fee Shortfall                        |  |  | $0.00          |  |  |   |
| (J)End of Prior Month AccountBalances             |  |  |           |  |  |   |
| (i)Reserve Account                                |  |  | $7,811,396.29  |  |  |   |
| (ii)Yield Supplement Account                      |  |  | $4,785,451.32  |  |  |   |
| (iii) PayaheadAccount                             |  |  | $0.00          |  |  |   |
| (iv) AdvancesOutstanding                          |  |  | $393,264.26    |  |  |   |
| (K)Portfolio Summary as of End of PriorYear       |  |  |           |  |  |   |
| (i)Weighted Average Coupon (WAC)                  |  |  | 5.19%          |  |  |   |
| (ii) Weighted AverageRemaining Maturity (WAM)     |  |  | 46.13          |  |  | months |
| (iii) Number ofReceivables                        |  |  | 94,925         |  |  |   |
| (L)Note and CertificatePercentages                |  |  |           |  |  |   |
| (i)Note Percentage                                |  |  | 100.00%        |  |  |   |
| (ii) CertificatePercentage                        |  |  | 0.00%          |  |  |   |
|                                                   |

----

CREDIT SUISSE FIRSTBOSTONPAGE 2

AMERICAN HONDA FINANCECORPORATION Annual Statement to Certificateholder—HondaAuto Receivables 2004-3 Owner Trust04/01/05 through 03/31/06

|                                                                    |  |  |                 |  |  |        |
|--------------------------------------------------------------------|--|--|-----------------|--|--|--------|
| III.INPUTS FROM THEMAINFRAME                                       |  |  |            |  |  |   |
| (A) PrecomputedContracts Principal                                 |  |  |            |  |  |   |
| (i)Scheduled Principal Collections                                 |  |  | $0.00           |  |  |   |
| (ii)Prepayments in Full                                            |  |  | $0.00           |  |  |   |
| (iii)Prepayments in Full due to Repurchases                        |  |  | $0.00           |  |  |   |
| (B) PrecomputedContracts Total Collections                         |  |  | $0.00           |  |  |   |
| (C) Precomputed InterestReceivables Interest (B-A((i)+(ii)+(iii))) |  |  | $0.00           |  |  |   |
| (D) Simple InterestReceivablesPrincipal                            |  |  |            |  |  |   |
| (i)Principal Collections                                           |  |  | $317,107,204.56 |  |  |   |
| (ii) Prepayments inFull                                            |  |  | $167,375,492.17 |  |  |   |
| (iii)Repurchased Receivables Related to Principal                  |  |  | $0.00           |  |  |   |
| (E)Simple Interest ReceivablesInterest                             |  |  |            |  |  |   |
| (i)Simple Interest Collections                                     |  |  | $52,618,728.83  |  |  |   |
| (F)Payment Advance forPrecomputes                                  |  |  |            |  |  |   |
| (i)Reimbursement of Previous Advances                              |  |  | $0.00           |  |  |   |
| (ii) Current Advance Amount                                        |  |  | $0.00           |  |  |   |
| (G) InterestAdvance for simple Interest – Net                |  |  | ($49,265.80)    |  |  |   |
| (H) PayaheadAccount                                                |  |  |            |  |  |   |
| (i)Payments Applied                                                |  |  | $0.00           |  |  |   |
| (ii)AdditionalPayaheads                                            |  |  | $0.00           |  |  |   |
| (I)Portfolio Summary as of End ofMonth                             |  |  |            |  |  |   |
| (i)Weighted Average Coupon (WAC)                                   |  |  | 5.03%           |  |  |   |
| (ii) Weighted AverageRemaining Maturity (WAM)                      |  |  | 35.51           |  |  | months |
| (iii)Remaining Number of Receivables                               |  |  | 66,448          |  |  |   |
|                                                                    |

|                                                       |  |  |        |  |       |              |  |  |  |  |      |   |  |  |                |  |  |  |  |      |   |
|-------------------------------------------------------|--|--|--------|--|-------|--------------|--|--|--|--|------|---|--|--|----------------|--|--|--|--|------|---|
| (J)DelinquentReceivables                              |  |  | #Units |  |       | DollarAmount |
| (i) 30-59 DaysDelinquent                              |  |  |        |  | 1,841 |              |  |  |  |  | 2.77 | % |  |  | $21,927,663.86 |  |  |  |  | 2.83 | % |
| (ii)60-89 Days Delinquent                             |  |  |        |  | 395   |              |  |  |  |  | 0.59 | % |  |  | $4,785,402.93  |  |  |  |  | 0.62 | % |
| (ii)90 Days or More Delinquent                        |  |  |        |  | 73    |              |  |  |  |  | 0.11 | % |  |  | $936,133.15    |  |  |  |  | 0.12 | % |
| (K)Vehicles Repossessed During CollectionPeriod       |  |  |        |  | 51    |              |  |  |  |  | 0.08 | % |  |  | $630,936.04    |  |  |  |  | 0.08 | % |
| (L)Total Accumulated Repossessed Vehicles inInventory |  |  |        |  | 96    |              |  |  |  |  | 0.14 | % |  |  | $1,206,268.74  |  |  |  |  | 0.16 | % |
|                                                       |

|                                                                        |  |  |                 |  |  |        |
|------------------------------------------------------------------------|--|--|-----------------|--|--|--------|
| IV.INPUTS DERIVED FROM OTHERSOURCES                                    |  |  |            |  |  |   |
| (A) CollectionAccount InvestmentIncome                                 |  |  | $0.00           |  |  |   |
| (B)Reserve Account Investment Income                                   |  |  | $290,163.70     |  |  |   |
| (C) Yield Supplement AccountInvestment Income                          |  |  | $131,389.41     |  |  |   |
| (D) Trust FeesExpense                                                  |  |  | $9,500.00       |  |  |   |
| (E) Aggregate Net Lossesfor Collection Period                          |  |  | $6,680,630.69   |  |  |   |
| (F) LiquidatedReceivablesInformation                                   |  |  |            |  |  |   |
| (i) GrossPrincipal Balance on LiquidatedReceivables                    |  |  | $16,122,906.92  |  |  |   |
| (ii) LiquidationProceeds                                               |  |  | $6,895,908.56   |  |  |   |
| (ii) Recoveries fromPrior Month Charge Offs                            |  |  | $2,546,367.67   |  |  |   |
| (G) Days in AccrualPeriod                                              |  |  | 365             |  |  |   |
| (H) Dealage                                                            |  |  | 18              |  |  |   |
| COLLECTIONS                                                            |  |  |            |
| V.INTEREST COLLECTIONS                                                 |  |  |            |  |  |   |
| (A)Total Interest Collections(III(C+E(i)+G)                            |  |  | $52,569,463.03  |  |  |   |
| VI.PRINCIPAL COLLECTIONS                                               |  |  |            |  |  |   |
| (A)Principal Payments Received (III(A((i)+(ii))+(D(i)+(ii)))           |  |  | $484,482,696.73 |  |  |   |
| (B) Liquidation Proceeds(IV(H(i)))                                     |  |  | $6,895,908.56   |  |  |   |
| (C) RepurchasedLoan Proceeds Related to Principal (III(A(iii)+D(iii))) |  |  | $0.00           |  |  |   |
| (D) Recoveries from Prior Charge Offs(IV(H(ii)))                       |  |  | $2,546,367.67   |  |  |   |
| (E) TotalPrincipal Collections (A+B+C+D)                               |  |  | 493,924,972.96  |  |  |   |
| VII.TOTAL INTEREST AND PRINCIPAL COLLECTIONS (V(C)+VI(E))              |  |  | 546,494,435.99  |  |  |   |
| VIII.YIELD SUPPLEMENTDEPOSIT                                           |  |  | $2,625,870.70   |  |  |   |
| IX.TOTAL AVAILABLE AMOUNT (VII+VIII)                                   |  |  | 549,120,306.69  |  |  |   |
|                                                                        |

----

|                                                       |  |  |                |
|-------------------------------------------------------|--|--|----------------|
| DISTRIBUTIONS                                         |
| X.FEEDISTRIBUTIONS                                    |  |  |           |
| (A)Servicing Fee                                      |  |  |           |
| (i)Servicing Fee Due(I(H)/12)(II(B))+(II(H)(i))       |  |  | $10,345,296.06 |
| (ii)Servicing Fee Paid                                |  |  | 10,345,296.06  |
| (iii) Servicing FeeShortfall                          |  |  | $0.00          |
| (B)Reserve Account Investment Income (IV(B))          |  |  | 290,163.70     |
| (C) Yield Supplement AccountInvestment Income (IV(C)) |  |  | $0.00          |
| (D) TrustFees Expense(IV(D))                          |  |  | 9,500.00       |
| XI.DISTRIBUTIONS TONOTEHOLDERS                        |  |  |           |
| (A)Interest                                           |  |  |           |
| (i)Class A-1 Notes                                    |  |  |           |
| (a) ClassA-1 Notes Interest Due                       |  |  | $218,487.64    |
| (b)Class A-1 Notes Interest Paid                      |  |  | 218,487.64     |
| (c) Class A-1 NotesInterest Shortfall                 |  |  | $0.00          |
| (ii) Class A-2Notes                                   |  |  |           |
| (a) Class A-2 NotesInterest Due                       |  |  | $6,421,938.99  |
| (b) Class A-2Notes Interest Paid                      |  |  | 6,421,938.99   |
| (c) Class A-2 NotesInterest Shortfall                 |  |  | $0.00          |
| (iii) ClassA-3 Notes                                  |  |  |           |
| (a) Class A-3Notes Interest Due                       |  |  | $13,822,500.00 |
| (b) ClassA-3 Notes Interest Paid                      |  |  | 13,822,500.00  |
| (c) Class A-3 NotesInterest Shortfall                 |  |  | $0.00          |
| (iv) Class A-4Notes                                   |  |  |           |
| (a) Class A-4 NotesInterest Due                       |  |  | $8,085,363.96  |
| (b) Class A-4Notes Interest Paid                      |  |  | 8,085,363.96   |
| (c) Class A-4 NotesInterest Shortfall                 |  |  | $0.00          |
|                                                       |

----

CREDIT SUISSE FIRSTBOSTONPAGE 3

AMERICAN HONDA FINANCE CORPORATIONAnnual Statement to Certificateholder—Honda Auto Receivables2004-3 Owner Trust04/01/05 through 03/31/06

|                                                                                              |  |  |                 |
|----------------------------------------------------------------------------------------------|--|--|-----------------|
| (v)Total Note Interest                                                                       |  |  |            |
| (a)Total Note Interest Due                                                                   |  |  | $28,548,290.59  |
| (b)Total Note Interest Paid                                                                  |  |  | 28,548,290.59   |
| (c) TotalNote Interest Shortfall                                                             |  |  | $0.00           |
| (d) ReserveFund Withdrawn for Note Interest                                                  |  |  | $0.00           |
| Amount available for distributionsafter Fees & Interest(VIII-(IX(A)(ii)-(D))-X(A)(v)(b)) |  |  | 510,217,220.04  |
| (B)Principal                                                                                 |  |  |            |
| (i)Noteholders’ Principal Distribution Amounts                                         |  |  | $483,249,532.95 |
| (ii) Class A-1 NotesPrincipal                                                                |  |  |            |
| (a) Class A-1Notes Principal Due                                                             |  |  | 84,067,283.26   |
| (b) ClassA-1 Notes Principal Paid                                                            |  |  | 84,067,283.26   |
| (c) Class A-1Notes Principal Shortfall                                                       |  |  | $0.00           |
| (d) ReserveFund drawn                                                                        |  |  | $0.00           |
| (iii) ClassA-2 Notes Principal                                                               |  |  |            |
| (a)Class A-2 Notes Principal Due                                                             |  |  | $399,182,249.69 |
| (b) Class A-2 Notes PrincipalPaid                                                            |  |  | 399,182,249.69  |
| (c) ClassA-2 Notes Principal Shortfall                                                       |  |  | $0.00           |
| (d)Reserve Fund drawn                                                                        |  |  | $0.00           |
| (iv) Class A-3Notes Principal                                                                |  |  |            |
| (a) ClassA-3 Notes Principal Due                                                             |  |  | $0.00           |
| (b) Class A-3Notes Principal Paid                                                            |  |  | 0.00            |
| (c) Class A-3 NotesPrincipal Shortfall                                                       |  |  | $0.00           |
| (d) Reserve Funddrawn                                                                        |  |  | $0.00           |
| (v)Class A-4 NotesPrincipal                                                                  |  |  |            |
| (a) Class A-4Notes Principal Due                                                             |  |  | $0.00           |
| (b) Class A-4Notes Principal Paid                                                            |  |  | 0.00            |
| (c) Class A-4 NotesPrincipal Shortfall                                                       |  |  | $0.00           |
| (d) Reserve Funddrawn                                                                        |  |  | $0.00           |
| (vi) TotalNotes Principal                                                                    |  |  |            |
| (a) TotalNotes Principal Due                                                                 |  |  | $483,249,532.95 |
| (b)Total Notes Principal Paid                                                                |  |  | 483,249,532.95  |
| (c) TotalNotes Principal Shortfall                                                           |  |  | $0.00           |
| (d) ReserveFund drawn                                                                        |  |  | $0.00           |
| XII.RESERVE FUND DEPOSIT                                                                     |  |  |            |
| Amountavailable for deposit into reserveaccount                                              |  |  | $26,967,687.09  |
| Amountdeposited into reserveaccount                                                          |  |  | 0.00            |
| Excess Amount Releasedfrom ReserveAccount                                                    |  |  | 0.00            |
| Excessfunds available toCertificateholders                                                   |  |  | 26,967,687.09   |
| XIII.DISTRIBUTIONS TOCERTIFICATEHOLDERS                                                      |  |  |            |
| (A)Interest                                                                                  |  |  |            |
| (i) CertificateMonthly Interest Due                                                          |  |  | $1,441,439.95   |
| (ii)Certificate Interest Shortfall BeginningBalance                                          |  |  | $0.00           |
| (iii) Total CertificateInterest Due                                                          |  |  | $1,441,439.95   |
| (iv) CertificateInterest Paid                                                                |  |  | 1,441,439.95    |
| (v)Certificate Interest Shortfall EndingBalance                                              |  |  | $0.00           |
| (B)Principal                                                                                 |  |  |            |
| (i) CertificateMonthly Principal Due                                                         |  |  | $17,356,070.70  |
| (ii)Certificate Principal Shortfall BeginningBalance                                         |  |  | $0.00           |
| (iii) Total CertificatePrincipal Due                                                         |  |  | $17,356,070.70  |
| (iv)Certificate Principal Paid                                                               |  |  | 17,356,070.70   |
| (v)Certificate Principal Shortfall EndingBalance                                             |  |  | $0.00           |
| (C) Releaseto Seller                                                                         |  |  | $8,170,176.44   |
|                                                                                              |

----

|                                                |  |  |                 |
|------------------------------------------------|--|--|-----------------|
| DISTRIBUTIONSSUMMARY                           |
| (A) TotalCollections                           |  |  | $549,120,306.69 |
| (B) ServiceFee                                 |  |  | $10,345,296.06  |
| (C) TrusteeFees                                |  |  | 9,500.00        |
| (D) Class A1Amount                             |  |  | $84,285,770.90  |
| (E) Class A2Amount                             |  |  | $405,604,188.68 |
| (F) Class A3Amount                             |  |  | $13,822,500.00  |
| (G) Class A4Amount                             |  |  | $8,085,363.96   |
| (H) Amount Depositedinto Reserve Account       |  |  | $0.00           |
| (I)Certificateholders                          |  |  | $18,797,510.65  |
| (J)Release to seller                           |  |  | $8,170,176.44   |
| (K) Totalamount distributed                    |  |  | $549,120,306.69 |
| (L)Amount of Draw from Reserve Account         |  |  | 0.00            |
| (M) Excess Amount Released from ReserveAccount |  |  | 0.00            |
|                                                |

|                                                         |  |  |                   |  |  |        |  |  |                 |  |  |        |
|---------------------------------------------------------|--|--|-------------------|--|--|--------|--|--|-----------------|--|--|--------|
| PORTFOLIOAND SECURITYSUMMARY                            |
|                                                    |  |  | BeginningofPeriod |  |  |   |  |  | EndofPeriod     |  |  |   |
| XIV.POOL BALANCES AND PORTFOLIOINFORMATION              |  |  |              |  |  |   |  |  |            |  |  |   |
| (A)Balances and PrincipalFactors                        |  |  |              |  |  |   |  |  |            |  |  |   |
| (i)Aggregate Balance of Notes                           |  |  | $1,225,572,283.26 |  |  |   |  |  | $742,322,750.31 |  |  |   |
| (ii)Note Pool Factor                                    |  |  | 0.8108291         |  |  |   |  |  | 0.4911150       |  |  |   |
| (iii)Class A-1 Notes Balance                            |  |  | 84,067,283.26     |  |  |   |  |  | 0.00            |  |  |   |
| (iv)Class A-1 Notes Pool Factor                         |  |  | 0.2272089         |  |  |   |  |  | 0.0000000       |  |  |   |
| (v)Class A-2 Notes Balance                              |  |  | 420,000,000.00    |  |  |   |  |  | 20,817,750.31   |  |  |   |
| (vi)Class A-2 Notes Pool Factor                         |  |  | 1.0000000         |  |  |   |  |  | 0.0495661       |  |  |   |
| (vii)Class A-3 Notes Balance                            |  |  | 475,000,000.00    |  |  |   |  |  | 475,000,000.00  |  |  |   |
| (viii)Class A-3 Notes Pool Factor                       |  |  | 1.0000000         |  |  |   |  |  | 1.0000000       |  |  |   |
| (ix)Class A-4 Notes Balance                             |  |  | 246,505,000.00    |  |  |   |  |  | 246,505,000.00  |  |  |   |
| (x)Class A-4 Notes Pool Factor                          |  |  | 1.0000000         |  |  |   |  |  | 1.0000000       |  |  |   |
| (xi)Certificates Balance                                |  |  | 50,774,257.07     |  |  |   |  |  | 33,418,186.37   |  |  |   |
| (xii)Certificates Pool Factor                           |  |  | 1.0000000         |  |  |   |  |  | 0.6581718       |  |  |   |
| (xiii)Total Principal Balance of Notes and Certificates |  |  | 1,276,346,540.33  |  |  |   |  |  | 775,740,936.68  |  |  |   |
| (B)PortfolioInformation                                 |  |  |              |  |  |   |  |  |            |  |  |   |
| (i)Weighted Average Coupon (WAC)                        |  |  | 5.19%             |  |  |   |  |  | 5.03%           |  |  |   |
| (ii)Weighted Average Remaining Maturity (WAM)           |  |  | 46.13             |  |  | months |  |  | 35.51           |  |  | months |
| (iii)Remaining Number of Receivables                    |  |  | 94,925            |  |  |   |  |  | 66,448          |  |  |   |
| (iv)Portfolio Receivable Balance                        |  |  | $1,276,346,540.33 |  |  |   |  |  | $775,740,936.68 |  |  |   |
| (C)Outstanding AdvanceAmount                            |  |  | $393,264.26       |  |  |   |  |  | $343,998.46     |  |  |   |
| (D)Outstanding PayaheadBalance                          |  |  | $0.00             |  |  |   |  |  | $0.00           |  |  |   |
|                                                         |

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CREDIT SUISSE FIRSTBOSTONPAGE 4

AMERICAN HONDA FINANCE CORPORATIONAnnual Statement to Certificateholder—Honda Auto Receivables2004-3 Owner Trust04/01/05 through03/31/06

|                                                       |  |  |               |
|-------------------------------------------------------|--|--|---------------|
| SUMMARYOF ACCOUNTS                                    |
| XV.RECONCILIATION OF RESERVEACCOUNT                   |
| (A) Beginning ReserveAccount Balance                  |  |  | $7,811,396.29 |
| (B)Draws                                              |  |  |          |
| (i) Draw forServicing Fee                             |  |  | 0.00          |
| (ii) Draw forInterest                                 |  |  | 0.00          |
| (iii) Draw for RealizedLosses                         |  |  | 0.00          |
| (C) ExcessInterest Deposited into the Reserve Account |  |  | 0.00          |
| (D) Reserve Account Balance Prior toRelease           |  |  | 7,811,396.29  |
| (E) Reserve AccountRequired Amount                    |  |  | 7,811,396.29  |
| (F) FinalReserve Account Required Amount              |  |  | 7,811,396.29  |
| (G) Excess Reserve AccountAmount                      |  |  | 0.00          |
| (H) Ending Reserve AccountBalance                     |  |  | 7,811,396.29  |
| XVI.RECONCILIATION OF YIELD SUPPLEMENTACCOUNT         |  |  |          |
| (A) BeginningYield Supplement AccountBalance          |  |  | 4,785,451.32  |
| (B) InvestmentEarnings                                |  |  | 131,389.41    |
| (C) Investment EarningsWithdraw                       |  |  | 0.00          |
| (D) Additional YieldSupplement Amounts                |  |  | 0.00          |
| (E) Yield SupplementDeposit Amount                    |  |  | 2,625,870.70  |
| (F) Release ofYield Deposit Account Balance toSeller  |  |  | 0.00          |
| (G) EndingYield Supplement AccountBalance             |  |  | 2,290,970.03  |
| XVII.NET LOSS AND DELINQUENCY ACCOUNTACTIVITY         |  |  |          |
| (A)Liquidated Contracts                               |  |  |          |
| (i)Liquidation Proceeds                               |  |  | $6,895,908.56 |
| (ii)Recoveries on Previously Liquidated Contracts     |  |  | 2,546,367.67  |
| (B) Aggregate NetLosses for Collection Period         |  |  | 6,680,630.69  |
| (C) Net Loss Rate for CollectionPeriod (annualized)   |  |  | 0.65%         |
| (D)Cumulative Net Losses for all Periods              |  |  | 8,772,498.82  |
|                                                       |

|                                                       |  |  |        |  |       |              |  |  |  |  |      |   |  |  |  |   |               |  |  |  |  |  |      |   |
|-------------------------------------------------------|--|--|--------|--|-------|--------------|--|--|--|--|------|---|--|--|--|---|---------------|--|--|--|--|--|------|---|
| (E)Delinquent Receivables                             |  |  | #Units |  |       | DollarAmount |
| (i) 30-59 DaysDelinquent                              |  |  |        |  | 1,841 |              |  |  |  |  | 2.77 | % |  |  |  | $ | 21,927,663.86 |  |  |  |  |  | 2.83 | % |
| (ii)60-89 Days Delinquent                             |  |  |        |  | 395   |              |  |  |  |  | 0.59 | % |  |  |  | $ | 4,785,402.93  |  |  |  |  |  | 0.62 | % |
| (ii)90 Days or More Delinquent                        |  |  |        |  | 73    |              |  |  |  |  | 0.11 | % |  |  |  | $ | 936,133.15    |  |  |  |  |  | 0.12 | % |
| XVIII.REPOSSESSIONACTIVITY                            |  |  | #Units |  |       | DollarAmount |
| (A) Vehicles RepossessedDuring CollectionPeriod       |  |  |        |  | 51    |              |  |  |  |  | 0.08 | % |  |  |  | $ | 630,936.04    |  |  |  |  |  | 0.08 | % |
| (B)Total Accumulated Repossessed Vehicles inInventory |  |  |        |  | 96    |              |  |  |  |  | 0.14 | % |  |  |  | $ | 1,206,268.74  |  |  |  |  |  | 0.16 | % |
|                                                       |

|                                                                                                      |  |  |                     |
|------------------------------------------------------------------------------------------------------|--|--|---------------------|
| XIX.TESTS FOR INCREASE IN SPECIFIED RESERVE ACCOUNTBALANCE                                           |
| (A) Ratio of NetLosses to the Pool Balance as of Each CollectionPeriod                               |
| (i) Second PrecedingCollection Period                                                                |  |  | 0.94%               |
| (ii)Preceding Collection Period                                                                      |  |  | 0.52%               |
| (iii) Current CollectionPeriod                                                                       |  |  | 0.23%               |
| (iv) Three MonthAverage (Avg(i,ii,iii))                                                              |  |  | 0.57%               |
| (B)Ratio of Balance of Contracts Delinquent 60 Days or More to theOutstanding Balance ofReceivables. |  |  |                |
| (i) SecondPreceding Collection Period                                                                |  |  | 1.28%               |
| (ii) PrecedingCollection Period                                                                      |  |  | 1.03%               |
| (iii)Current Collection Period                                                                       |  |  | 0.85%               |
| (iv)Three Month Average (Avg(i,ii,iii))                                                              |  |  | 1.05%               |
| (C)Loss and Delinquency Trigger Indicator                                                            |  |  | Trigger was nothit. |
|                                                                                                      |

I hereby certify that theservicing report provided is trueand accurate to the best of myknowledge

/s/ Paul C. HondaPaul C. HondaAssistant VicePresident, Assistant Secretary and ComplianceOfficer

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