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EXHIBIT 20

TOYOTA MOTOR CREDIT CORPORATION
Servicer's Certificate—Toyota Auto Receivables 2001-C Owner Trust
Distribution Date of April 15, 2002 for the Collection Period
March 1, 2002 through March 31, 2002

					Class A-1			Class A-2			Class A-3			Class A-4
		Total			Balance			Balance			Balance			Balance
Pool Data—Original Deal Parameters
	Securities Balance	$	1,455,000,000.00		$	382,500,000.00		$	462,000,000.00		$	391,000,000.00		$	219,500,000.00
	Receivables Pool Balance	$	1,500,000,001.00
	Principal Factor		1.00000000			1.00000000			1.00000000			1.00000000			1.00000000
	Rate					3.470	%		3.770	%		4.4749	%		4.720	%
	Final Scheduled Payment Date					September 16, 2002			July 15, 2004			December 15, 2005			September 15, 2008
	Number of Contracts		104,437
	Weighted Average A.P.R.		8.55	%
	Weighted Average Remaining Term		50.65 months
	Servicing Fee Rate		1.00	%
Pool Data—Prior Month
	Securities Balance	$	1,086,896,866.78		$	14,396,866.78		$	462,000,000.00		$	391,000,000.00		$	219,500,000.00
	Receivables Pool Balance	$	1,131,896,867.78
	Securities Pool Factor		0.74700816			0.03763887			1.00000000			1.00000000			1.00000000
	Number of Contracts		89,623
	Weighted Average A.P.R.		8.59	%
	Weighted Average Remaining Term		45.19 months
	Precompute and Simple Interest Advances	$	2,711,221.57
	Payahead Account Balance	$	731,177.32
	Interest Shortfall	$	0.00		$	0.00		$	0.00		$	0.00		$	0.00
	Principal Shortfall	$	0.00		$	0.00		$	0.00		$	0.00		$	0.00
Pool Data—Current Month
	Securities Balance	$	1,036,466,058.59		$	0.00		$	425,966,058.59		$	391,000,000.00		$	219,500,000.00
	Receivables Pool Balance	$	1,081,466,059.59
	Securities Pool Factor		0.71234781			0.00000000			0.92200446			1.00000000			1.00000000
	Number of Contracts		87,145
	Weighted Average A.P.R.		8.60	%
	Weighted Average Remaining Term		44.39 months
	Precompute and Simple Interest Advances	$	2,982,498.80
	Payahead Account Balance	$	711,368.34
	Interest Shortfall	$	0.00		$	0.00		$	0.00		$	0.00		$	0.00
	Principal Shortfall	$	0.00		$	0.00		$	0.00		$	0.00		$	0.00

Reserve Account
	Initial Deposit Amount	$	0.00
	Specified Reserve Account Percentage		0.00	%
	Specified Reserve Account Amount	$	0.00
	Specified Reserve Account Percentage (if Condition i or ii met)		5.50	%
	Specified Reserve Account Amount (if Condition i or ii met)	$	57,005,633.22
	Beginning Balance	$	0.00
	Total Withdraw	$	0.00
	Amount Available for Deposit to the Reserve Account	$	2,979,146.88
	Reserve Account Balance Prior to Release	$	2,979,146.88
	Reserve Account Required Amount	$	0.00
	Reserve Account Release to Seller	$	2,979,146.88
	Ending Reserve Account Balance	$	0.00

Revolving Liquidity Note
	Total Amount Available	$	7,500,000.00
	Beginning of Period Balance	$	0.00
	Draws	$	0.00
	Reimbursements	$	0.00
	End of Period Balance	$	0.00
Current Period Undrawn Amount		$	7,500,000.00

Liquidation of Charge-offs and Repossessions

	Vehicles	Amount
Liquidated Contracts	69
Gross Principal Balance of Liquidated Receivables		$	852,094.06
Net Liquidation Proceeds Received During the Collection Period		$	(456,763.12	)
Recoveries on Previously Liquidated Contracts		$	(8,665.32	)
Aggregate Credit Losses for the Collection Period		$	386,665.62
Cumulative Credit Losses for all Periods	239	$	1,150,415.92
Repossessed in Current Period	28

Ratio of Net Credit Losses to the Average Pool Balance for Each Collection Period:		Annualized Average Charge-Off Rate
	Second Preceding Collection Period	0.19%
	First Preceding Collection Period	0.31%
	Current Collection Period	0.42%
Condition (i) (Charge-off Rate)
Three Month Average		0.31%
Charge-off Rate Indicator (> 1.25%)		condition not met

Delinquent and Repossessed Contracts

	Percent		Contracts		Percent		Amount
31-60 Days Delinquent	1.16	%	1,012		1.14	%	$	12,321,631.25
61-90 Days Delinquent	0.15	%	132		0.17	%	$	1,828,418.59
Over 90 Days Delinquent	0.19	%	169		0.20	%	$	2,212,928.31
Total Delinquencies			1,313				$	16,362,978.15
Repossessed Vehicle Inventory			64	*

*

Included with delinquencies above

Ratio of Number of Contracts Delinquent 60 Days or More to the Outstanding Number of Receivables as of Each Collection Period (Includes Repossessions):
	Second Preceding Collection Period	0.39%
	First Preceding Collection Period	0.37%
	Current Collection Period	0.35%
Condition (ii) (Delinquency Percentage)
Three Month Average		0.37%
Delinquency Percentage Indicator (> 1.25%)		condition not met

TOYOTA MOTOR CREDIT CORPORATION
Servicer's Certificate—Toyota Auto Receivables 2001-C Owner Trust
Distribution Date of April 15, 2002 for the Collection Period
March 1, 2002 through March 31, 2002

					Class A-1		Class A-2		Class A-3		Class A-4
		Total			Balance		Balance		Balance		Balance
Collections
	Principal Payments Received	$	49,578,714.13
	Interest Payments Received	$	7,833,880.57
	Net Precomputed Payahead Amount	$	19,808.98
	Aggregate Net Liquidation Proceeds Received	$	465,428.44
	Principal on Repurchased Contracts	$	0.00
	Interest on Repurchased Contracts	$	0.00
	Total Collections	$	57,897,832.12
	Net Simple Interest Advance Amount	$	341,209.85
	Net Precomputed Advance Amount	$	(69,932.62	)
	Total Available Amount	$	58,169,109.35
Amounts Due
	Servicing Fee	$	943,247.39
	Accrued and Unpaid Interest	$	3,815,906.89
	Principal	$	50,430,808.19
	Reserve Fund	$	2,979,146.88
	Total Amount Due	$	58,169,109.35
Actual Distributions
	Servicing Fee	$	943,247.39
	Interest	$	3,815,906.89		$	43,018.64	$	1,451,450.00	$	1,458,071.58	$	863,366.67
	Principal	$	50,430,808.19		$	14,396,866.78	$	36,033,941.41	$	0.00	$	0.00
	Reserve Fund	$	2,979,146.88
	Total Amount Distributed	$	58,169,109.35		$	14,439,885.42	$	37,485,391.41	$	1,458,071.58	$	863,366.67

Monthly Information by Type of Loan

Precomputed Contracts
	Scheduled Principal Collections		$	1,695,154.83
	Prepayments in Full	228 contracts	$	747,937.54
	Repurchased Receivables Principal		$	0.00
	Payments Behind/Ahead on Repurchased Receivables		$	0.00
	Total Collections		$	2,749,464.64
	Advances—Reimbursement of Previous Advances		$	69,932.62
	Advances—Current Advance Amount		$	0.00
	Payahead Account—Payments Applied		$	19,808.98
	Payahead Account—Additional Payaheads		$	0.00
Simple Interest Contracts
	Collected Principal		$	27,496,541.90
	Prepayments in Full	2181 contracts	$	19,639,079.86
	Collected Interest		$	7,527,508.30
	Repurchased Receivables Principal		$	0.00
	Repurchased Receivables Interest		$	0.00
	Advances—Reimbursement of Previous Advances		$	0.00
	Advances—Current Advance Amount		$	341,209.85

TOYOTA MOTOR CREDIT CORPORATION
Servicer's Certificate—Toyota Auto Receivables 2001-C Owner Trust
Payment Date of April 15, 2002 for the Collection Period
March 1 through March 31, 2002

			Class A3
			Balance
Note Rates for April 15, 2002 Payment Date
One Month LIBOR			1.90000	%
Spread			0.07000	%
Note Rates:			1.97000	%
Number of Days in Interest Period (Days)			31
Interest Payments
Interest Calculation for Current Interest Period			663,288.06
At Certificate Payment Date:
	Due to Swap Counterparty (Swap Payments Outgoing)		1,458,071.58
	Paid to Swap Counterparty (Swap Payments Outgoing)		1,458,071.58
	Proration %	0.00%
	Interest Due to Noteholders (Swap Payments Incoming)		663,288.06
	Interest Payment to Noteholders (Swap Payments Incoming)		663,288.06
Net Swap Payment due to / (received by) Swap Counterparty			(794,783.52	)
Principal Payments
Principal Payment due to Investors			—
Ending Notional Balance			391,000,000.00
Swap Termination Payment			N/A
Note Rates for May 15, 2002 Payment Date
One Month LIBOR			1.86000	%
Spread			0.07000	%
Note Rates:			1.93000	%
Number of Days in Interest Period (Days)			30

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

/s/ Angela Brown Angela Brown, ABS Accounting Manager

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EXHIBIT 20

Servicer's Certificate—Toyota Auto Receivables 2001–C Owner Trust