(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(Date of Event Which Requires Filing of this Statement)

Item 1.

	(a)	Name of Issuer:
		Asset Acceptance Capital Corp.

	(b)	Address of Issuer’s Principal Executive Offices:
		28405 Van Dyke Avenue Warren, Michigan 48093

Item 2.

	(a)	Name of Person Filing:
		Rufus H. Reitzel Trust, Rufus H. Reitzel Jr. Trustee
	(b)	Address of Principal Business Office or, if none, Residence:
		28405 Van Dyke Avenue Warren, Michigan 48093
	(c)	Citizenship:
		United States of America
	(d)	Title of Class of Securities
		Common Stock, $0.01 par value per share
	(e)	CUSIP Number
		04543P100

Item 3. If this Statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

	(a)	o Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
	(b)	o Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
	(c)	o Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
	(d)	o Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
	(e)	o An investment advisor in accordance with §240.13d-1(b)(1)(ii)(E).
	(f)	o An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).

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	(g)	o A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).
	(h)	o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
	(i)	o A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).
	(j)	o Group, in accordance with §240.13d-1(b)(1)(ii)(J).

Item 4. Ownership.

	(a)	Amount beneficially owned:
		Rufus H. Reitzel ,Jr., is the direct beneficial owner of 3,347,862 shares of common stock of the issuer. Of the 3,347,862 shares of common stock (i) 2,354,797 shares of common stock of the issuer are held by the Rufus H. Reitzel Trust, of which Mr. Reitzel is sole trustee; (ii) 198,613 shares of common stock of the issuer are held by the Lisa R. Bradley Trust, of which Mr. Reitzel and his spouse are co-trustees; (iii) 198,613 shares of common stock of the issuer are held by the James Reitzel Trust, of which Mr. Reitzel and his spouse are co-trustees; (iv) 198,613 shares of common stock of the issuer are held by the Stacey James Reitzel Trust, of which Mr. Reitzel and his spouse are co-trustees; (v) 198,613 shares of common stock of the issuer are held by the Tracey Reitzel Trust, of which Mr. Reitzel and his spouse are co-trustees; and (vi) 198,613 shares of common stock of the issuer are held by the Heather Reitzel Irrevocable Trust, of which Mr. Reitzel and his spouse are co-trustees. Mr. Reitzel disclaims beneficial ownership of these shares except to the extent of Mr. Reitzel’s pecuniary interest therein.
	(b)	Percent of class: See Paragraph 11 of page 2 of this Schedule 13G. (For purposes of these percentages, the Reporting Persons have used 37,225,275 shares as of the number of outstanding shares of common stock of the issuer. This number comes from the cover page of the issuer’s 10-K filed with the Securities and Exchange Commission on March 25, 2004 as the number of shares of common stock outstanding.)
	(c)	Number of shares as to which the person has:

	(i)	Sole power to vote or direct the vote
		See Paragraph 5 of page 2 of this Schedule 13G.
	(ii)	Shared power to vote or to direct the vote
		See Paragraph 6 of page 2 of this Schedule 13G.
	(iii)	Sole power to dispose or to direct the disposition of
		See Paragraph 7 of page 2 of this Schedule 13G.

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	(iv)	Shared power to dispose or to direct the disposition of
		See Paragraph 8 of page 2 of this Schedule 13G.

Item 5. Ownership of Five Percent or Less of a Class.

     If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o .

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

     Not Applicable.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

     Not Applicable

Item 8. Identification and Classification of Members of the Group.

     Not Applicable.

Item 9. Notice of Dissolution of Group.

     Not Applicable.

Item 10. Certification.

     Not Applicable.

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SIGNATURES

     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

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