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UNITED STATES
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 (Date of earliest event reported): June 15, 2001

Toyota Motor Credit Receivables Corporation on Behalf of the
Toyota Auto Receivables 2001-A Owner Trust
(Exact name of registrant as specified in its charter)

California (State or other jurisdiction of incorporation)		333-41568 (Commission File Number)		33-0593804 (IRS Employer Identification No.)
Toyota Motor Credit Receivables Corporation 19001 South Western Avenue Torrance, California (Address of principal executive offices)				90509 (Zip Code)

Registrant's telephone number, including area code: (310) 468-7332

Exhibit Index is on Page 2

Page 1 of 3

Item 5. Other Events

On June 15, 2001, the principal and interest collected during the preceding calendar month, net of certain adjustments as provided for in the Sale and Servicing Agreement dated as of January 1, 2001 ("Agreement"), between Toyota Motor Credit Receivables Corporation, as "Seller", Toyota Motor Credit Corporation, as "Servicer", and Toyota Auto Receivables 2001-A Owner Trust, as "Issuer", were distributed to the holders of Notes and Certificates issued by Toyota Auto Receivables 2001-A Owner Trust (the "Securityholders"). In accordance with the Agreement, the Servicer's Certificate, as defined in the Agreement, was furnished to the Owner Trustee for the benefit of the Securityholders and was distributed by the Owner Trustee to the Securityholders. A copy of the Servicer's Certificate for the month of May 2001 is filed as Exhibit 20 to this Current Report on Form 8-K.

Item 7(c). Exhibits

Exhibit Number		Description
20		Servicer's Certificate for the month of May, 2001.

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 of the undersigned hereunto duly authorized.

	TOYOTA AUTO RECEIVABLES 2001-A OWNER TRUST
	By:	TOYOTA MOTOR CREDIT CORPORATION, AS SERVICER
Date: June 29, 2001	By:	/s/ GEORGE E. BORST George E. Borst President and Chief Executive Officer

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Item 5. Other Events

Item 7(c). Exhibits

SIGNATURES

TOYOTA MOTOR CREDIT RECEIVABLES CORP 8-K