~~Table~~UNITED ofSTATES SECURITIES ~~Contents~~AND EXCHANGE COMMISSION

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

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

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

~~ASSET-BACKED ISSUER~~For ~~DISTRIBUTION~~the ~~REPORT~~monthly ~~PURSUANT~~distribution TOperiod ~~SECTION~~from 13January 1, OR2009 ~~15(d) OF~~to ~~THE~~January 31, ~~SECURITIES EXCHANGE ACT OF 1934~~ 2009

~~For the monthly distribution period from December 1, 2008 to December 31, 2008~~333-150095-03

~~333-150095-03~~ (Commission File Number of issuing entity)

Honda Auto Receivables 2008-2 Owner Trust

(Exact name of issuing entity specified in its charter)

333-150095
(Commission File Number of depositor)

American Honda Receivables Corp.

(Exact name of depositor as specified in its charter)

American Honda Finance Corporation

(Exact name of sponsor as specified in its charter)

Delaware		80-6057813
(State or other jurisdiction of organization		(I.R.S Employer Identification No.)
(State or other jurisdiction of organization of the issuing entity)		(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~~c/o ~~number~~American Honda Receivables Corp. 20800 Madrona Avenue Torrance, ~~including~~CA ~~area~~(Address ~~code~~of principal executive offices of the issuing entity) 90503 (Zip Code)

	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

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

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


	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

~~TABLE~~Indicate OFby ~~CONTENTS~~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

PART I — DISTRIBUTION INFORMATION
	Item 1. Distribution and Pool Performance Information
PART II — OTHER INFORMATION
	Item 7. Significant Enhancement Provider Information
	Item 9. Exhibits
SIGNATURES
EXHIBIT INDEX
EX-99.1: SERVICER'S CERTIFICATE AND MONTHLY SERVICER REPORT

PART I — DISTRIBUTION INFORMATION

~~Table~~Item 1. ofDistribution ~~Contents~~and Pool Performance Information.

~~PART~~Distribution Iand —pool ~~DISTRIBUTION~~performance ~~INFORMATION~~information with respect to the receivables that comprise the assets of the Honda Auto Receivables 2008-2 Owner Trust is set forth in the Servicer’s Certificate and Monthly Servicer Report for the February 23, 2009 distribution date, attached as Exhibit 99.1.

~~Item 1.~~PART ~~Distribution~~II ~~and~~— ~~Pool~~OTHER ~~Performance Information.~~INFORMATION

~~Distribution and pool performance information with respect to the receivables that comprise the~~Item 7. ~~assets~~Significant ofEnhancement ~~the~~Provider ~~Honda Auto Receivables 2008-2 Owner Trust is set forth in the Servicer’s Certificate and Monthly Servicer Report for the January 21, 2009 distribution date, attached as Exhibit 99~~Information.1.

~~PART~~Based IIon —a ~~OTHER~~reasonable ~~INFORMATION~~good faith estimate of maximum probable exposure, the significance percentage of the Swap Agreement is less than 10%.

Item 79. ~~Significant Enhancement Provider Information~~Exhibits.

~~Based~~Exhibit 99.1 on— aServicer’s ~~reasonable~~Certificate ~~good~~and ~~faith~~Monthly ~~estimate~~Servicer ~~of maximum probable exposure, the significance percentage~~Report ~~of the Swap Agreement is less than 10%.~~

~~Item 9. Exhibits.~~-2-

~~Exhibit 99.1 — Servicer’s Certificate and Monthly Servicer Report~~SIGNATURES

~~-2-~~ 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.


	Honda Auto Receivables 2008-2 Owner Trust By: American Honda Finance Corporation, as Servicer
	By:	/s/ Paul Honda
		Mr. Paul Honda
Date: February 23, 2009		Assistant Vice President, Assistant Secretary and Compliance Officer

~~SIGNATURES~~-3-

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

	Honda Auto Receivables 2008-2 Owner Trust
Exhibit	Description
	By:	American Honda Finance Corporation, as Servicer
99.1	Servicer’s Certificate and Monthly Servicer Report for February 23, 2009 distribution date
	By:	/s/ Paul Honda
		Mr. Paul Honda
Date: January 21, 2009		Assistant Vice President, Assistant Secretary and Compliance Officer

-34-

EXHIBIT INDEX

Exhibit		Description
99.1		Servicer’s Certificate and Monthly Servicer Report for January 21, 2009 distribution date

-4-

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Filing Compare · Honda Auto Receivables 2008-2 Owner Trust