                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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                                    FORM 8-K

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                                 CURRENT REPORT

                         PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):
                                NOVEMBER                                  JUNE 21, 20052006

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                    HONDA AUTO RECEIVABLES 2003-2 OWNER TRUST
               (EXACT NAME OF REGISTRANT SPECIFIED IN ITS CHARTER)

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          DELAWARE                                       333-71022-06              61-6298909
(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 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
     Exchange Act (17 CFR 240.14d-2(b))

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

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ITEM 8.01. OTHER EVENTS

On NovemberJune 21, 20052006, 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 May 1, 2003 (the "Agreement"), between American
Honda Receivables Corp., as Seller, American Honda Finance Corporation, as
Servicer, and Honda Auto Receivables 2003-2 Owner Trust, a Delaware statutory 
trust,
 as Issuer, U.S. Bank Trust National Association, as Owner Trustee (the "Owner
Trustee"), and Citibank, N.A., as Indenture Trustee (the "Indenture Trustee")
were distributed to holders ("Noteholders") of notes representingissued undividedby
fractional interests in Honda Auto Receivables 2003-2 Owner Trust. In accordance
 with the Agreement, the 
Servicer's Certificate, as defined in the Agreement, was
 furnished to Citibank,
N.A., as Indenture Trustee (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 (cd). 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 2003-2 OWNER TRUST
                                                                  BY: AMERICAN HONDA FINANCE CORPORATION,
                                        AS SERVICER


                                                                  By: /s/ JohnPaul IC. WeisickleHonda
                                                                      -------------------------------------
                                           John                               Paul IC. WeisickleHonda
                                           Date: June 21, 2006            Assistant Vice President, Assistant Secretary and

Date:                                  Compliance November 21, 2005Officer


                                       
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