SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    Form 8-K

                                 CURRENT REPORT


                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


                        Date of Report: December 9, 2003
                        (date of earliest event reported)



                                                                            
                                            American Honda Receivables Corp.
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                                 (Exact name of registrant as specified in its charter)

                 California                              333-104875                            33-0526079
      ---------------------------------               ------------------          ------------------------------------
       (State or Other Jurisdiction of                   (Commission              (I.R.S. Employer Identification No.)
               Incorporation)                           File Number)

                                            American Honda Receivables Corp.
                                                   700 Van Ness Avenue
                                               Torrance, California 90501
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                                        (Address of Principal Executive Offices)
                                                       (Zip Code)

                            Registrant's telephone number, including area code (310) 781-4100
                                                                               ----- --------

                                                        No Change
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                              (Former name or former address, if changed since last report)
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Item 5.  Other Events.
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         In connection with the offering of the Honda Auto Receivables 2003-5
Owner Trust, described in the related Prospectus Supplement, certain
"Computational Materials" within the meanings of the May 20, 1994 Kidder,
Peabody No-Action Letter and the February 17, 1995 Public Securities Association
No-Action Letter were furnished to certain prospective investors (the "Related
Computational Materials").








Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.
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         (a)      Not applicable.

         (b)      Not applicable.

         (c)      Exhibits:

                              99.1- Related Computational Materials (as
                                   defined in Item 5 above).






                                   SIGNATURES


         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                    American Honda Receivables Corp.

                                    By: /s/ Y. Takahashi
                                        ----------------
                                        Name:  Y. Takahashi
                                        Title: President

December 9, 2003






EXHIBIT INDEX
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Exhibit No.                                 Description
- -----------                                 -----------
                                         
99.1                                        Related Computational Materials (as defined in Item 5 above).