

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

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

                                    FORM 10-D

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

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

        For the monthly distribution period from JulyAugust 1, 2006 to JulyAugust 31, 2006

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

                                  333-132320-01
                   (COMMISSION FILE NUMBER OF ISSUING ENTITY)
                    HONDA AUTO RECEIVABLES 2006-1 OWNER TRUST
             (EXACT NAME OF ISSUING ENTITY SPECIFIED IN ITS CHARTER)

                                   333-132320
                      (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                                                             20-6860465
            (STATE OR OTHER JURISDICTION OF           ORGANIZATION ORGANIZATION           (I.R.S. EMPLOYER
                            OF THE ISSUING ENTITY)                                      IDENTIFICATION NO.)

        C/O AMERICAN HONDA RECEIVABLES CORP.
                20800 MADRONA AVENUE
                    TORRANCE, CA                                                             90503
        (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES OF THE                        (ZIP CODE)
                                    THE ISSUING ENTITY)

                                 (310) 972-2511
                     (TELEPHONE NUMBER, INCLUDING AREA CODE)

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    Title of Class                                  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                             [____]                              [____]                            [ X ]                                   [____]
                                                                           ----
      Class A-2                             [____]                              [____]                            [ X ]                                   [____]
                                                                           ----
      Class A-3                             [____]                              [____]                            [ X ]                                   [____]
                                                                           ----
      Class A-4                             [____]                              [____]                            [ X ]                                   [____]
                                                                           ----



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 [X   ] No [_]
                                      ---    ---






PART I - DISTRIBUTION INFORMATION

ITEM 1. DISTRIBUTION AND POOL PERFORMANCE INFORMATION.

Distribution and pool performance information with respect to the receivables
that comprise the assets of the Honda Auto Receivables 2006-1 Owner Trust is set
forth in the Servicer's Certificate and Monthly Servicer Report for the August
September 18, 2006 distribution date, attached as Exhibit 99.1.

PART II - OTHER INFORMATION

ITEM 9. EXHIBITS.

Exhibit 99.1 - Servicer's Certificate and Monthly Servicer Report



                                   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 2006-1 OWNER TRUST

                                                        BY: AMERICAN HONDA FINANCE CORPORATION, AS SERVICER

                           
                             By:        /s/ PaulTetsuo C. HondaNishikiori
                                                               -----------------------------------------------
                              Paul                                 Tetsuo C. HondaNishikiori
Date: AugustSeptember 2425, 2006         Assistant Vice President, Assistant Secretary


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EXHIBIT INDEX

EXHIBIT            DESCRIPTION
-------            -----------

99.1                  Servicer's Certificate and Monthly Servicer Report for
                August September 18, 
          2006 distribution date


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Filing Compare · Honda Auto Receivables 2006-1 Owner Trust
