

                                  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):
                                 APRIL                                  MAY 18, 2005

                                ----------------

                    HONDA AUTO RECEIVABLES 2003-1 OWNER TRUST
               (EXACT NAME OF REGISTRANT SPECIFIED IN ITS CHARTER)

                                                                    ----------------


                      DELAWARE                                             333-71022                               75-6672707
  (STATE OR OTHER JURISDICTION         (COMMISSION FILE NUMBER)           (I.R.S EMPLOYER
              OF INCORPORATION)                                                                          IDENTIFICATION NO.)


             AMERICAN HONDA RECEIVABLES CORP.
                         20800 MADRONA AVENUE
                                 TORRANCE, CA                                                                             90503
     (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)                                            (ZIP CODE)

       REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (310) 972-2511

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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]     Written communications pursuant to Rule 425 under the Securities 
      Act (17
      CFR 230.425)

[ ]     Soliciting material pursuant to Rule 14a-12 under the Exchange Act 
      (17
      CFR 240.14a-12)

[ ]     Pre-commencement communications pursuant to Rule 14d-2(b) under the
           Exchange Act (17 CFR 240.14d-2(b))

[ ]     Pre-commencement communications pursuant to Rule 13e-4(c) under the
           Exchange Act (17 CFR 240.13e-4(c))

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ITEM 8.01. OTHER EVENTS

On AprilMay 18, 2005, 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 February 1, 2003 (the "Agreement"), between
American Honda Receivables Corp., as Seller, American Honda Finance Corporation,
as Servicer, Honda Auto Receivables 2003-1 Owner Trust, a Delaware statutory
trust, as Issuer, The Bank of New York, as Owner Trustee (the "Owner Trustee"),
The Bank of New York (Delaware), as Delaware Trustee (the "Delaware Trustee")
and JPMorgan Chase Bank, as Indenture Trustee (the "Indenture Trustee") were
distributed to holders ("Noteholders") of notes representing undivided
fractional interests in Honda Auto Receivables 2003-1 Owner Trust. In accordance
with the Agreement, the Servicer's Certificate, as defined in the Agreement, was
furnished to the Indenture Trustee for the benefit of the Noteholders and, as
such, was distributed by the Indenture Trustee to the Noteholders. A copy of the
Servicer's Certificate is being filed as Exhibit 20 to this Current Report on
Form 8-K.

 ITEM 9.01 (C). EXHIBIT 20


                                   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.


                                                                       HONDA AUTO RECEIVABLES 2003-1 OWNER TRUST
                                                                       BY: 
                                 AMERICAN HONDA FINANCE CORPORATION,
                                           AS SERVICER


                                                                       By:   /s/ John I. Weisickle
                                                                                -----------------------------------------
                                                                                John I. Weisickle
Date: AprilMay 18, 2005                                          Vice President, Assistant Secretary

















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