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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                   FORM 10-K/A

             [ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                 SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED]
                    For the fiscal year ended March 31, 2003

                                       OR

          [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
                 For the transition period from       to

                       Commission file number 333-92827-03


                    Honda Auto Receivables 2001-2 Owner Trust
             (Exact name of registrant as specified in its charter)

                  DELAWARE                           33-6306919
      (State or other jurisdiction of             (I.R.S Employer
               incorporation)                   Identification No.)

          700 VAN NESS AVENUE
              TORRANCE, CA                              90501
(Address of principal executive offices)             (Zip Code)

       Registrant's telephone number, including area code: (310) 781-6131


           Securities registered pursuant to Section 12(b) of the Act:

      Title of each class                 Name of each exchange
                                          on which registered
              NONE                                NONE

           Securities registered pursuant to section 12(g) of the Act:

                                      NONE
                                (Title of class)


   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 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 ]

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PART I


Item 1.    Business


   The following tables set forth the number and aggregate principal amount of
delinquent receivables, the delinquency rates, and aggregate net losses of the
Honda Auto Receivables 2001-2 Owner Trust as of March 31, 2003 :


1. Delinquent Contracts:

                                     CONTRACTS                AMOUNT ($000's)
                                     ---------                ---------------

  a. 31 - 60 Days Delinquent             1,854                         15,525

  b. 61 - 90 Days Delinquent               323                          3,062

  c. 91 Days or More Delinquent             62                            555

2. Delinquent Ratio:

                                                              AMOUNT ($000's)
                                                              ---------------

  a. Delinquent Balance                                                19,142

  b. Total Pool Balance                                               549,423

  c. Delinquency Ratio                                                  3.48%

3. Aggregate Net Losses:

                                                              AMOUNT ($000's)
                                                              ---------------

  a. Cumulative Net Losses                                              6,451

  b. Original Portfolio                                             1,618,603

  c. Aggregate Loss Ratio                                               0.40%


Item 2.    Properties

          The Honda Auto Receivables 2001-2 Owner Trust (the "Trust") is a
          Delaware business trust formed pursuant to the trust agreement (the
          "Agreement") between American Honda Receivables Corp., as Depositor
          (the "Depositor"), and Bankers Trust (Delaware), as Owner trustee (the
          "Owner Trustee").

          The Trust has issued four classes of notes and class of certificates
          ("Class A-1 Notes 3.73%", "Class A-2 Notes 4.11%", "Class A-3 Notes
          4.67% ", "Class A-4 Notes 5.09%". The notes are backed by a pledge of
          the trust's assets. Interest and principal collections from trust
          assets will be divided among the various classes of securities in
          specified proportions.

          The Trust's assets include fixed rate motor vehicles retail
          installment sales contracts secured by new and used Honda and Acura
          motor vehicles (the "Receivables").


Item 3.    Legal Proceedings
          N/A


Item 4.    Submission of Matters to a Vote of Securityholders
          N/A


PART II


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

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          All holders of records of the Class A Certificates issued by Honda
          Auto Receivables 2001-2 Owner Trust (except for American Honda
          Receivables Corp.) are registered through the nominee of Cede.

Item 6.   Selected Financial Data

          N/A

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

          N/A

Item 8.   Financial Statements and Supplementary Data

          N/A

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

          N/A

PART III

Item 10.  Directors and Executive Officers of the Registrant

          N/A

Item 11.  Executive Compensation

          N/A

Item 12.  Security Ownership of Certain Beneficial Owners and Management

          N/A

Item 13.  Certain Relationships and Related Transactions

          N/A

PART IV

Item 14. Exhibits, Annual Account's Report, and Reports on Form 8-K.

(a) Exhibits (1)

The exhibits listed on the accompanying Exhibit Index are filed as part of this
report.

(b) Reports


FORM 8K               REPORTS                         DATE
                      -------                         ----
                      The month of Apr. 2002          (May. 20, 2002)

                      The month of May. 2002          (Jun. 18, 2002)

                      The month of Jun. 2002          (Jul. 18, 2002)

                      The month of Jul. 2002          (Aug. 19, 2002)

                      The month of Aug. 2002          (Sept. 18, 2002)

                      The month of Sept. 2002         (Oct. 18, 2002)

                      The month of Oct. 2002          (Nov.18, 2002)

                      The month of Nov. 2002          (Dec.18, 2002)

                      The month of Dec. 2002          (Jan. 20, 2003)

                      The month of Jan. 2003          (Feb.18, 2003)

                      The month of Feb. 2003          (Mar.18, 2003)

                      The month of Mar. 2003          (Apr.18, 2003)


(1)    The material noncompliance relating to insurance requirements noted in
       the third paragraph of the Independent Accountants' Report, attached as
       Exhibit 99(a) hereto, relates to the applicable USAP servicing standards
       requirement that a servicer have in place an errors and omissions policy.
       American Honda Finance Corporation, as the servicer, has agreed to
       obtain, and is in the process of obtaining, an acceptable errors and
       omissions policy.

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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.



                                      American Honda Receivables Corp.


                                      By: /s/ John I. Weisickle
                                          ----------------------------
                                          Name:  John I. Weisickle
                                          Title: Treasurer



February 19, 2004



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                                  CERTIFICATION


I, John I. Weisickle, certify that:

1. I have reviewed this annual report on Form 10-K, and all reports on Form 8-K
containing distribution or servicing reports filed in respect of periods
included in the year covered by this annual report, of Honda Auto Receivables
2001-2 Owner Trust;

2. Based on my knowledge, the information in these reports, taken as a whole,
does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading as of the
last day of the period covered by this annual report;

3. Based on my knowledge, the distribution and servicing information required to
be provided to the trustee by the servicer under the related sale and servicing
agreement, for inclusion in these reports is included in these reports;

4. Based on my knowledge and upon the annual compliance statement included in
the report and required to be delivered to the trustee in accordance with the
terms of the related sale and servicing agreement, and except as disclosed in
the reports, the servicer has fulfilled its obligations under the sale and
servicing agreement; and

5. The reports disclose all significant deficiencies relating to the servicer's
compliance with the minimum servicing standards, based upon the report provided
by an independent public accountant, after conducting a review in compliance
with the Uniform Single Attestation Program for Mortgage Bankers, or similar
procedure as set forth in the sale and servicing agreement, that is included in
these reports.


Date: February 19, 2004



/s/ John I. Weisickle
---------------------
John I. Weisickle
Treasurer of
American Honda Receivables Corp.,
as depositor of
Honda Auto Receivables 2001-2 Owner Trust

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EXHIBIT INDEX



EXHIBIT NUMBER           DESCRIPTION                         METHOD OF FILING
--------------           -----------                         ---------------

99(a)                    Independent Accountants' Report     Filed herewith.

99(b)                    Annual Compliance Certificate       Filed herewith.

99(c)                    Annual Statement                    Filed herewith.