8-K

                                  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 18, 2006

                                   ----------

                    HONDA AUTO RECEIVABLES 2005-6 OWNER TRUST
               (EXACT NAME OF REGISTRANT SPECIFIED IN ITS CHARTER)

                                   ----------

          DELAWARE                      333-125676                20-672787
(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

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

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))

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



ITEM 8.01. OTHER EVENTS

On April 18, 2006, 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 December 1, 2005 (the "Agreement"), between
American Honda Receivables Corp., as Seller, American Honda Finance Corporation,
as Servicer, and Honda Auto Receivables 2005-6 Owner Trust, a Delaware business
trust, as Issuer, were distributed to holders ("Noteholders") of notes issued by
Honda Auto Receivables 2005-6 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 (C). EXHIBIT 20






















                                      -2-





                                   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 2005-6 OWNER TRUST
                                       BY: AMERICAN HONDA FINANCE CORPORATION,
                                           AS SERVICER


                                       By: /s/ Paul C. Honda
                                           -------------------------------------
                                           Paul C. Honda
Date: April 18, 2006                       Assistant Vice President, Assistant
                                              Secretary and Compliance Officer


































                                       -3-

EX-20

                                                                          page 1


                             SERVICER'S CERTIFICATE
                       AMERICAN HONDA FINANCE CORPORATION
      MONTHLY SERVICER REPORT -- Honda Auto Receivables 2005-6 Owner Trust
                           3/1/2006 through 3/31/2006



I. ORIGINAL DEAL PARAMETER INPUTS
   (A) Total Portfolio Balance                                                           $1,060,547,032.73
   (B) Total Securities Balance                                                          $1,060,547,032.73
   (C) Class A-1 Notes
       (i)    Class A-1 Notes Balance                                                    $  237,000,000.00
       (ii)   Class A-1 Notes Percentage (C(i)/B)                                                    22.35%
       (iii)  Class A-1 Notes Rate                                                                 4.51160%
       (iv)   Class A-1 Notes Accrual Basis                                                     Actual/360
   (D) Class A-2 Notes
       (i)    Class A-2 Notes Balance                                                    $  292,000,000.00
       (ii)   Class A-2 Notes Percentage (D(i)/B)                                                    27.53%
       (iii)  Class A-2 Notes Rate                                                                   4.850%
       (iv)   Class A-2 Notes Accrual Basis                                                         30/360
   (E) Class A-3 Notes
       (i)    Class A-3 Notes Balance                                                    $  300,000,000.00
       (ii)   Class A-3 Notes Percentage (E(i)/B)                                                    28.29%
       (iii)  Class A-3 Notes Rate                                                                   4.850%
       (iv)   Class A-3 Notes Accrual Basis                                                         30/360
   (F) Class A-4 Notes
       (i)    Class A-4 Notes Balance                                                    $  197,070,000.00
       (ii)   Class A-4 Notes Percentage (F(i)/B)                                                    18.58%
       (iii)  Class A-4 Notes Rate                                                                   4.930%
       (iv)   Class A-4 Notes Accrual Basis                                                         30/360
   (G) Certificates
       (i)    Certificates Balance                                                       $   34,477,032.73
       (ii)   Certificates Percentage (G(i)/B)                                                        3.25%
       (iii)  Certificates Rate                                                                      4.930%
       (iv)   Certificates Accrual Basis                                                            30/360
   (H) Servicing Fee Rate                                                                             1.00%
   (I) Portfolio Summary
       (i)    Weighted Average Coupon (WAC)                                                           4.97%
       (ii)   Weighted Average Original Maturity (WAOM)                                              56.50 months
       (iii)  Weighted Average Remaining Maturity (WAM)                                              51.31 months
       (iv)   Number of Receivables                                                                 62,176
   (J) Reserve Fund
       (i)    Reserve Account Initial Deposit Percentage                                              0.50%
       (ii)   Reserve Account Initial Deposit                                            $    5,302,735.16
       (iii)  Specified Reserve Account Percentage                                                    0.75%
       (iv)   Specified Reserve Account Balance                                          $    7,954,102.75
   (K) Yield Supplement Account Deposit                                                  $   39,130,113.25

II. INPUTS FROM PREVIOUS MONTHLY SERVICER REPORTS
   (A) Total Portfolio Balance                                                           $  973,323,767.43
   (B) Total Securities Balance                                                          $  973,323,767.43
   (C) Cumulative Note and Certificate Pool Factor                                               0.9177563
   (D) Class A-1 Notes
       (i)    Class A-1 Notes Balance                                                    $  149,776,734.70
       (ii)   Class A-1 Notes Pool Factor                                                        0.6319693
       (iii)  Class A-1 Notes Interest Carryover Shortfall                               $            0.00
       (iv)   Class A-1 Notes Principal Carryover Shortfall                              $            0.00
   (E) Class A-2 Notes
       (i)    Class A-2 Notes Balance                                                    $  292,000,000.00
       (ii)   Class A-2 Notes Pool Factor                                                        1.0000000
       (iii)  Class A-2 Notes Interest Carryover Shortfall                               $            0.00
       (iv)   Class A-2 Notes Principal Carryover Shortfall                              $            0.00
   (F) Class A-3 Notes
       (i)    Class A-3 Notes Balance                                                    $  300,000,000.00
       (ii)   Class A-3 Notes Pool Factor                                                        1.0000000
       (iii)  Class A-3 Notes Interest Carryover Shortfall                               $            0.00
       (iv)   Class A-3 Notes Principal Carryover Shortfall                              $            0.00
   (G) Class A-4 Notes
       (i)    Class A-4 Notes Balance                                                    $  197,070,000.00
       (ii)   Class A-4 Notes Pool Factor                                                        1.0000000
       (iii)  Class A-4 Notes Interest Carryover Shortfall                               $            0.00
       (iv)   Class A-4 Notes Principal Carryover Shortfall                              $            0.00
   (H) Certificates
       (i)    Certificates Balance                                                       $   34,477,032.73
       (ii)   Certificates Pool Factor                                                           1.0000000
       (iii)  Certificates Interest Carryover Shortfall                                  $            0.00
       (iv)   Certificates Principal Carryover Shortfall                                 $            0.00
   (I) Servicing Fee
       (i)    Servicing Fee Shortfall                                                    $            0.00
   (J) End of Prior Month Account Balances
       (i)    Reserve Account                                                            $    7,954,102.75
       (ii)   Yield Supplement Account                                                   $   33,549,102.36
       (iii)  Payahead Account                                                           $            0.00
       (iv)   Advances Outstanding                                                       $      363,527.33
   (K) Portfolio Summary as of End of Prior Month
       (i)    Weighted Average Coupon (WAC)                                                           4.97%
       (ii)   Weighted Average Remaining Maturity (WAM)                                              48.25 months
       (iii)  Number of Receivables                                                                 60,508
   (L) Note and Certificate Principal Distribution Percentages
       (i)    Note Percentage                                                                       100.00%
       (ii)   Certificate Percentage                                                                  0.00%




                                                                          page 2


                       AMERICAN HONDA FINANCE CORPORATION
      MONTHLY SERVICER REPORT -- Honda Auto Receivables 2005-6 Owner Trust
                           3/1/2006 through 3/31/2006



III. MONTHLY INPUTS FROM THE MAINFRAME
   (A) Precomputed Contracts Principal
       (i)    Scheduled Principal Collections                                               $         0.00
       (ii)   Prepayments in Full                                                           $         0.00
       (iii)  Prepayments in Full due to Repurchases                                        $         0.00
   (B) Precomputed Contracts Collections                                                    $         0.00
   (C) Precomputed Receivables Interest (B-A((i)+(ii)+(iii)))                               $         0.00
   (D) Simple Interest Receivables Principal
       (i)    Principal Collections                                                         $22,029,817.51
       (ii)   Prepayments in Full                                                           $ 9,666,112.80
       (iii)  Repurchased Receivables Related to Principal                                  $         0.00
   (E) Simple Interest Receivables Interest
       (i)    Simple Interest Collections                                                   $ 3,953,758.81
   (F) Payment Advance for Precomputes
       (i)    Reimbursement of Previous Advances                                            $         0.00
       (ii)   Current Advance Amount                                                        $         0.00
   (G) Interest Advance for simple Interest - Net                                              ($82,845.56)
   (H) Payahead Account
       (i)    Payments Applied                                                              $         0.00
       (ii)   Additional Payaheads                                                          $         0.00
   (I) Portfolio Summary as of End of Month
       (i)    Weighted Average Coupon (WAC)                                                           4.97%
       (ii)   Weighted Average Remaining Maturity (WAM)                                              47.25 months
       (iii)  Remaining Number of Receivables                                                       59,813
   (J) Delinquent Receivables                                       # Units        Dollar Amount
                                                                  ----------   ---------------------
       (i)    31-60 Days Delinquent                               787   1.32%  $12,116,853.75   1.29%
       (ii)   61-90 Days Delinquent                                83   0.14%  $ 1,088,604.91   0.12%
       (ii)   91 Days or More Delinquent                            8   0.01%  $   116,170.04   0.01%
   (K) Vehicles Repossessed During Collection Period               32   0.05%  $   557,637.97   0.06%
   (L) Total Repossessed Vehicles in Inventory                     45   0.08%  $   767,255.55   0.08%

IV. INPUTS DERIVED FROM OTHER SOURCES
   (A) Collection Account Investment Income                                                 $         0.00
   (B) Reserve Account Investment Income                                                    $    30,079.24
   (C) Yield Supplement Account Investment Income                                           $   133,120.67
   (D) Trust Fees Expense                                                                   $         0.00
   (E) Aggregate Net Losses for Collection Period                                               145,804.25
   (F) Liquidated Receivables Information
       (i)    Gross Principal Balance on Liquidated Receivables                                 412,484.08
       (ii)   Liquidation Proceeds                                                              247,872.30
       (ii)   Recoveries from Prior Month Charge Offs                                            18,807.53
   (G) Days in Accrual Period                                                                           29
   (H) Deal age                                                                                          4

                               MONTHLY COLLECTIONS

V. INTEREST COLLECTIONS
   (A) Total Interest Collections (III(C)+E(i)-F(i)+F(ii)+G)                                $ 3,870,913.25

VI. PRINCIPAL COLLECTIONS
   (A) Principal Payments Received
       (III(A((i)+(ii))+(D(i)+(ii)))                                                        $31,695,930.31
   (B) Liquidation Proceeds (IV(F(i)))                                                          247,872.30
   (C) Repurchased Loan Proceeds Related to Principal
       (III(A(iii)+D(iii)))                                                                           0.00
   (D) Recoveries from Prior Month Charge Offs (IV(F(ii)))                                       18,807.53
                                                                                            --------------
   (E) Total Principal Collections (A+B+C+D)                                                $31,962,610.14

VII. TOTAL INTEREST AND PRINCIPAL COLLECTIONS (V(A)+VI(E))                                  $35,833,523.39

VIII. YIELD SUPPLEMENT DEPOSIT                                                              $ 1,979,758.09

IX. TOTAL AVAILABLE AMOUNT (VII+VIII)                                                       $37,813,281.48

                              MONTHLY DISTRIBUTIONS

X. FEE DISTRIBUTIONS
   (A) Servicing Fee
       (i)    Servicing Fee Due (I(H)/12)(II(B))+(II(H)(i))                                 $   811,103.14
       (ii)   Servicing Fee Paid                                                                811,103.14
                                                                                            --------------
       (iii)  Servicing Fee Shortfall                                                       $         0.00
   (B) Reserve Account Investment Income (IV(B))                                            $    30,079.24
   (C) Yield Supplement Account Investment Income (IV(C))                                   $         0.00
   (D) Trust Fees Expense (IV(D))                                                           $         0.00

XI. DISTRIBUTIONS TO NOTEHOLDERS
   (A) Interest
       (i)    Class A-1 Notes
              (a) Class A-1 Notes Interest Due                                              $   544,340.24
              (b) Class A-1 Notes Interest Paid                                                 544,340.24
                                                                                            --------------
              (c) Class A-1 Notes Interest Shortfall                                        $         0.00
       (ii)   Class A-2 Notes
              (a) Class A-2 Notes Interest Due                                              $ 1,180,166.67
              (b) Class A-2 Notes Interest Paid                                               1,180,166.67
                                                                                            --------------
              (c) Class A-2 Notes Interest Shortfall                                        $         0.00
       (iii)  Class A-3 Notes
              (a) Class A-3 Notes Interest Due                                              $ 1,212,500.00
              (b) Class A-3 Notes Interest Paid                                               1,212,500.00
                                                                                            --------------
              (c) Class A-3 Notes Interest Shortfall                                        $         0.00
       (iv)   Class A-4 Notes




                                                                          page 3


                       AMERICAN HONDA FINANCE CORPORATION
      MONTHLY SERVICER REPORT -- Honda Auto Receivables 2005-6 Owner Trust
                           3/1/2006 through 3/31/2006



              (a) Class A-4 Notes Interest Due                                             $    809,629.25
              (b) Class A-4 Notes Interest Paid                                                 809,629.25
                                                                                           ---------------
              (c) Class A-4 Notes Interest Shortfall                                       $          0.00
       (v)    Total Note Interest
              (a) Total Note Interest Due                                                  $  3,746,636.16
              (b) Total Note Interest Paid                                                    3,746,636.16
                                                                                           ---------------
              (c) Total Note Interest Shortfall                                            $          0.00
              (d) Reserve Account Withdrawal for Note Interest                             $          0.00
Amount available for distributions after Fees & Interest
   (IX-(X(A)(ii)-(D))-XI(A)(v)(b))                                                         $ 33,255,542.18
   (B) Principal
       (i)    Noteholders' Principal Distribution Amounts                                  $ 32,108,414.39
       (ii)   Class A-1 Notes Principal
              (a) Class A-1 Notes Principal Due                                            $ 32,108,414.39
              (b) Class A-1 Notes Principal Paid                                             32,108,414.39
                                                                                           ---------------
              (c) Class A-1 Notes Principal Shortfall                                      $          0.00
              (d) Reserve Account Withdrawal                                               $          0.00
       (iii)  Class A-2 Notes Principal
              (a) Class A-2 Notes Principal Due                                            $          0.00
              (b) Class A-2 Notes Principal Paid                                                      0.00
                                                                                           ---------------
              (c) Class A-2 Notes Principal Shortfall                                      $          0.00
              (d) Reserve Account Withdrawal                                               $          0.00
       (iv)   Class A-3 Notes Principal
              (a) Class A-3 Notes Principal Due                                            $          0.00
              (b) Class A-3 Notes Principal Paid                                                      0.00
                                                                                           ---------------
              (c) Class A-3 Notes Principal Shortfall                                      $          0.00
              (d) Reserve Account Withdrawal                                               $          0.00
       (v)    Class A-4 Notes Principal
              (a) Class A-4 Notes Principal Due                                            $          0.00
              (b) Class A-4 Notes Principal Paid                                                      0.00
                                                                                           ---------------
              (c) Class A-4 Notes Principal Shortfall                                      $          0.00
              (d) Reserve Account Withdrawal                                               $          0.00
       (vi)   Total Notes Principal
              (a) Total Notes Principal Due                                                  32,108,414.39
              (b) Total Notes Principal Paid                                                 32,108,414.39
                                                                                           ---------------
              (c) Total Notes Principal Shortfall                                          $          0.00
              (d) Reserve Account Withdrawal                                               $          0.00

XII. RESERVE FUND DEPOSIT
   Amount available for deposit into reserve account                                       $  1,147,127.79
   Amount deposited into reserve account                                                              0.00
   Excess Amount Released from Reserve Account                                                        0.00
                                                                                           ---------------
   Excess funds available to Certificateholders                                               1,147,127.79
                                                                                           ---------------

XIII. DISTRIBUTIONS TO CERTIFICATEHOLDERS
   (A) Interest
       (i)    Certificate Monthly Interest Due                                             $    141,643.14
       (ii)   Certificate Interest Shortfall Beginning Balance                             $          0.00
                                                                                           ---------------
       (iii)  Total Certificate Interest Due                                               $    141,643.14
       (iv)   Certificate Interest Paid                                                         141,643.14
                                                                                           ---------------
       (v)    Certificate Interest Shortfall Ending Balance                                $          0.00
   (B) Principal
       (i)    Certificate Monthly Principal Due                                            $          0.00
       (ii)   Certificate Principal Shortfall Beginning Balance                            $          0.00
                                                                                           ---------------
       (iii)  Total Certificate Principal Due                                              $          0.00
       (iv)   Certificate Principal Paid                                                              0.00
                                                                                           ---------------
       (v)    Certificate Principal Shortfall Ending Balance                               $          0.00
   (C) Release to Seller                                                                   $  1,005,484.65

                              DISTRIBUTIONS SUMMARY

   (A) Total Collections                                                                   $ 37,813,281.48
   (B) Service Fee                                                                         $    811,103.14
   (C) Trustee Fees                                                                                   0.00
   (D) Class A1 Amount                                                                     $ 32,652,754.63
   (E) Class A2 Amount                                                                     $  1,180,166.67
   (F) Class A3 Amount                                                                     $  1,212,500.00
   (G) Class A4 Amount                                                                     $    809,629.25
   (H) Amount Deposited into Reserve Account                                               $          0.00
   (I) Certificateholders                                                                  $    141,643.14
   (J) Release to seller                                                                   $  1,005,484.65
   (K) Total amount distributed                                                            $ 37,813,281.48
   (L) Amount of Draw from Reserve Account                                                            0.00
   (M) Excess Amount Released from Reserve Account                                                    0.00

                         PORTFOLIO AND SECURITY SUMMARY

                                                                     Beginning                   End
                                                                     of Period                of Period
                                                                  ---------------          ---------------
XIV. POOL BALANCES AND PORTFOLIO INFORMATION
   (A) Balances and Principal Factors
       (i)    Aggregate Balance of Notes                          $938,846,734.70          $906,738,320.31
       (ii)   Note Pool Factor                                          0.9149929                0.8837003
       (iii)  Class A-1 Notes Balance                              149,776,734.70           117,668,320.31
       (iv)   Class A-1 Notes Pool Factor                               0.6319693                0.4964908
       (v)    Class A-2 Notes Balance                              292,000,000.00           292,000,000.00
       (vi)   Class A-2 Notes Pool Factor                               1.0000000                1.0000000
       (vii)  Class A-3 Notes Balance                              300,000,000.00           300,000,000.00
       (viii) Class A-3 Notes Pool Factor                               1.0000000                1.0000000
       (ix)   Class A-4 Notes Balance                              197,070,000.00           197,070,000.00
       (x)    Class A-4 Notes Pool Factor                               1.0000000                1.0000000




                                                                          page 4


                       AMERICAN HONDA FINANCE CORPORATION
      MONTHLY SERVICER REPORT -- Honda Auto Receivables 2005-6 Owner Trust
                           3/1/2006 through 3/31/2006



       (xi)   Certificates Balance                                  34,477,032.73            34,477,032.73
       (xii)  Certificates Pool Factor                                  1.0000000                1.0000000
       (xiii) Total Principal Balance of Notes and Certificates    973,323,767.43           941,215,353.04
   (B) Portfolio Information
       (i)    Weighted Average Coupon (WAC)                                  4.97%                    4.97%
       (ii)   Weighted Average Remaining Maturity (WAM)                     48.25 months             47.25 months
       (iii)  Remaining Number of Receivables                              60,508                   59,813
       (iv)   Portfolio Receivable Balance                        $973,323,767.43          $941,215,353.04
   (C) Outstanding Advance Amount                                 $    363,527.33          $    280,681.77
   (D) Outstanding Payahead Balance                               $          0.00          $          0.00

                               SUMMARY OF ACCOUNTS

XV. RECONCILIATION OF RESERVE ACCOUNT
   (A) Beginning Reserve Account Balance                                                   $  7,954,102.75
   (B) Draws                                                                                          0.00
       (i)    Draw for Servicing Fee                                                                  0.00
       (ii)   Draw for Interest                                                                       0.00
       (iii)  Draw for Realized Losses                                                                0.00
   (C) Excess Interest Deposited into the Reserve Account                                             0.00
   (D) Reserve Account Balance Prior to Release                                               7,954,102.75
   (E) Reserve Account Required Amount                                                        7,954,102.75
   (F) Final Reserve Account Required Amount                                                  7,954,102.75
   (G) Excess Reserve Account Amount                                                                  0.00
   (H) Release of Reserve Account Balance to Seller                                                   0.00
   (I) Ending Reserve Account Balance                                                         7,954,102.75

XVI. RECONCILIATION OF YIELD SUPPLEMENT ACCOUNT
   (A) Beginning Yield Supplement Account Balance                                            33,549,102.36
   (B) Investment Earnings                                                                      133,120.67
   (C) Investment Earnings Withdraw                                                                   0.00
   (D) Additional Yield Supplement Amounts                                                            0.00
   (E) Yield Supplement Deposit Amount                                                        1,979,758.09
   (F) Release of Yield Deposit Account Balance to Seller                                             0.00
                                                                                           ---------------
   (G) Ending Yield Supplement Account Balance                                               31,702,464.94

XVII. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY
   (A) Liquidated Contracts
       (i)    Liquidation Proceeds                                                         $    247,872.30
       (ii)   Recoveries on Previously Liquidated Contracts                                      18,807.53
   (B) Aggregate Net Losses for Collection Period                                               145,804.25
   (C) Net Loss Rate for Collection Period (annualized)                                               0.18%
   (D) Cumulative Net Losses for all Periods                                                    206,828.40
   (E) Delinquent Receivables                                       # Units        Dollar Amount
                                                                  ----------   ---------------------
       (i)    30-59 Days Delinquent                               787   1.32%  $12,116,853.75   1.29%
       (ii)   60-89 Days Delinquent                                83   0.14%  $ 1,088,604.91   0.12%
       (ii)   90 Days or More Delinquent                            8   0.01%  $   116,170.04   0.01%

XVIII. REPOSSESSION ACTIVITY                                        # Units        Dollar Amount
                                                                  ----------   ---------------------
   (A) Vehicles Repossessed During Collection Period               32   0.05%  $   557,637.97   0.06%
   (B) Total Repossessed Vehicles in Inventory                     45   0.08%  $   767,255.55   0.08%

XIX. TESTS FOR INCREASE IN SPECIFIED RESERVE ACCOUNT BALANCE
   (A) Ratio of Net Losses to the Pool Balance as of Each
       Collection Period
       (i)    Second Preceding Collection Period                                                      0.03%
       (ii)   Preceding Collection Period                                                             0.04%
       (iii)  Current Collection Period                                                               0.18%
       (iv)   Three Month Average (Avg(i,ii,iii))                                                     0.08%
   (B) Ratio of Balance of Contracts Delinquent 61 Days or
       More to the Outstanding Balance of Receivables.
       (i)    Second Preceding Collection Period                                                      0.14%
       (ii)   Preceding Collection Period                                                             0.24%
       (iii)  Current Collection Period                                                               0.23%
       (iv)   Three Month Average (Avg(i,ii,iii))                                                     0.20%
   (C) Loss and Delinquency Trigger Indicator                                         Trigger was not hit.


I hereby certify that the servicing report provided is true and accurate to the
best of my knowledge.


/s/ Paul C. Honda
- ----------------------------------
Mr. Paul C. Honda
Assistant Vice President