UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): October 20, 2003

NAVISTAR FINANCIAL RETAIL

RECEIVABLES CORPORATION

(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

Delaware		333-67112		51-0337491
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

2850 W. Golf Road

Rolling Meadows, IL 60008

(Address of Principal Executive Offices, including Zip Code)

(847) 734-4000

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Exhibit Index appears on Page 3

Item 5.

Other Events.

On October 20, 2003, the registrant made available to prospective investors a series term sheet setting forth a description of the initial collateral pool and the proposed structure of $500,000,000 aggregate principal amount of Series 2003-B Asset Backed Notes, Class A-1, Class A-2, Class A-3, Class A-4 and Class B, of Navistar Financial 2003-B Owner Trust. The series term sheet is attached hereto as Exhibit 99.

Item 7.

Financial Statements, Pro Forma Financial Information and Exhibits.

Series Term Sheet dated October 20, 2003 with respect to the proposed issuance of the Series 2003-B Asset Backed Notes, Class A-1, Class A-2, Class A-3, Class A-4 and Class B, of Navistar Financial 2003-B Owner Trust.

SIGNATURES

According 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, thereunto duly authorized.

NAVISTAR FINANCIAL RETAIL

RECEIVABLES CORPORATION

/s/ Andrew J. Cederoth

By: Andrew J. Cederoth

Its: Vice President and Treasurer

Date: October 20, 2003

INDEX OF EXHIBITS

Exhibit No.		Exhibit

Exhibit 99		Series Term Sheet dated October 20, 2003 with respect to the proposed issuance of the Series 2003-B Asset Backed Notes, Class A-1, Class A-2, Class A-3, Class A-4 and Class B, of Navistar Financial 2003-B Owner Trust

NAVISTAR FINANCIAL RETAIL RECEIVABLES CORPORATION 8-K