UNITEDTable STATES SECURITIESof AND EXCHANGE COMMISSION Contents

PARTTable Iof — DISTRIBUTION INFORMATION Contents

PursuantTable 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. Contents

-Table 4of - Contents

~~Washington,~~UNITED ~~D.C.~~STATES SECURITIES ~~20549~~AND EXCHANGE COMMISSION

~~FORM~~Washington, ~~10-~~D.C. 20549

~~ASSET-BACKED~~FORM ~~ISSUER~~10-D ~~DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934~~

~~For~~ASSET-BACKED ~~the~~ISSUER DISTRIBUTION ~~monthly~~REPORT ~~distribution~~PURSUANT ~~period~~TO ~~from~~SECTION ~~November 1,~~13 ~~2008~~OR to15(d) ~~November 30,~~OF THE ~~2008~~SECURITIES EXCHANGE ACT OF 1934

~~333-150095-02 (Commission~~For ~~File~~the ~~Number~~monthly ofdistribution ~~issuing~~period ~~entity)~~from December 1, 2008 to December 31, 2008

~~Honda~~333-150095-02 (Commission ~~Auto~~File ~~Receivables~~Number ~~2008-1~~of ~~Owner~~issuing ~~Trust~~ entity)

~~(Exact~~Honda ~~name~~Auto ofReceivables ~~issuing~~2008-1 ~~entity~~Owner ~~specified in its charter)~~Trust

~~333-150095~~ (~~Commission~~Exact ~~File~~name ~~Number~~ of ~~depositor~~issuing entity specified in its charter)

~~American~~333-150095 (Commission ~~Honda~~File ~~Receivables~~Number ~~Corp.~~ of depositor)

~~(Exact~~American ~~name~~Honda ofReceivables ~~depositor as specified in its charter)~~Corp.

~~American~~(Exact ~~Honda~~name ~~Finance~~of ~~Corporation~~ depositor as specified in its charter)

~~(Exact~~American ~~name~~Honda ofFinance ~~sponsor as specified in its charter)~~Corporation

Delaware		80-6049781
(State or other jurisdiction of organization		(I.R.S Employer Identification No.)
of the issuing entity)

(Exact name of sponsor as specified in its charter)

Delaware		80-6049781
(State or other jurisdiction of organization		(I.R.S Employer Identification No.)
of the issuing entity)
c/o American Honda Receivables Corp.
20800 Madrona Avenue
Torrance, CA		90503
(Address of principal executive offices of the issuing entity)		(Zip Code)

(310) 972-2511
(Telephone number, including area code)

	~~Registered/reporting pursuant to (check one)~~	Registered/reporting pursuant to (check one)		Name of exchange
Title of Class	Section 12(b)	Section 12(g)	Section 15(d)	(If Section 12(b))
Class A-1	o	o	þ	o
Class A-2	o	o	þ	o
Class A-3	o	o	þ	o
Class A-4	o	o	þ	o

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 þ No o

TABLE OF CONTENTS

PART I — DISTRIBUTION INFORMATION
	Item 1. Distribution and Pool Performance Information
PART II — OTHER INFORMATION
	Item 9. Exhibits
SIGNATURES
EXHIBIT INDEX
EX-99.1: SERVICER'S CERTIFICATE AND MONTHLY SERVICER REPORT

~~Item 1.~~PART ~~Distribution~~I ~~and~~— ~~Pool~~DISTRIBUTION ~~Performance Information.~~INFORMATION

~~Distribution and pool performance information with respect to the receivables that comprise the assets of the Honda Auto Receivables 2008-~~Item 1. ~~Owner~~Distribution ~~Trust is set forth in the Servicer’s Certificate~~ and ~~Monthly~~Pool ~~Servicer~~Performance ~~Report for the December 18, 2008 distribution date, attached as Exhibit 99~~Information.1.

~~PART~~Distribution IIand —pool ~~OTHER~~performance ~~INFORMATION~~information with respect to the receivables that comprise the assets of the Honda Auto Receivables 2008-1 Owner Trust is set forth in the Servicer’s Certificate and Monthly Servicer Report for the January 20, 2009 distribution date, attached as Exhibit 99.1.

~~Item 9.~~PART ~~Exhibits.~~II — OTHER INFORMATION

~~Exhibit~~Item 999.1 ~~— Servicer’s Certificate and Monthly Servicer Report~~Exhibits.

-Exhibit 99.1 2— -Servicer’s Certificate and Monthly Servicer Report

~~SIGNATURES~~-2-

SIGNATURES

- Pursuant 3to -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.

EXHIBIT INDEX


	Honda Auto Receivables 2008-1 Owner Trust

	By: American Honda Finance Corporation, as Servicer

	By:	/s/ Paul Honda

		Mr. Paul Honda
Date: January 20, 2009		Assistant Vice President, Assistant Secretary and
		Compliance Officer

Exhibit		Description
99.1		Servicer’s Certificate and Monthly Servicer Report for December 18, 2008 distribution date

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Honda Auto Receivables 2008-1 Owner Trust

American Honda Finance Corporation, as Servicer

/s/ Paul Honda

Mr. Paul Honda

Date: December 18, 2008

Assistant Vice President, Assistant Secretary and

Compliance Officer

EXHIBIT INDEX


Exhibit		Description

99.1		Servicer’s Certificate and Monthly Servicer Report for January 20, 2009 distribution date

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