<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
[ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED]
For the fiscal year ended March 31, 2000
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
For the transition period from to
Commission file number 333-30037
Honda Auto Receivables 1999-1 Owner Trust
(Exact name of registrant as specified in its charter)
California 33-0526079
(State of incorporation) (IRS Employer
Identification No.)
700 Van Ness Avenue
Torrance, CA 90501
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (310)781-4100
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Name of each exchange
on which registered
None None
Securities registered pursuant to section 12(g) of the Act:
None
(Title of class)
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
Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K is not contained herein, and will not be
contained, to the best of registrant's knowledge, in definitive
proxy or 'information statements incorporated by reference in Part III
of this Form 10-K or any amendment to this Form 10-K. [ X ]
<TABLE>
<CAPTION>
PART I
Item 1.Business
The following tables set forth the number and aggregate principal
amount of delinquent receivables, the delinquency rates, and
aggregate net losses of the Honda Auto Receivables 1999-1
Owner Trust as of March 31, 2000 :
<S> <C> <C>
1. Delinquent Contracts: ($000's)
Contracts Amount
a. 30 - 59 Days Delinquent 373 4,446
b. 60 - 89 Days Delinquent 67 813
c. 90 Days or More Delinque 18 169
2. Delinquent Ratio: ($000's)
a. Delinquent Balances $5,428
b. Total Pool Balance $419,653
c. Delinquency Ratio 1.29%
3. Aggregate Net Losses: ($000's)
a. Cumulative Net Losses $2,127
b. Original Portfolio $729,508
c. Aggregate Loss Ratio 0.29%
Item 2.Properties
N/A
Item 3.Legal Proceedings
N/A
Item 4.Submission of Matters to a Vote of Security Holders
N/A
<CAPTION>
PART II
Item 5.Market For Registrant's Common Equity and Related Stockholder Matters
All holders of records of the Class A Certificates issued by Honda Auto
Receivables 1999-1 Owner Trust (except for American Honda
Receivables Corp.) are registered through the nominee of Cede & Co.
Item 6.Selected Financial Data
N/A
Item 7.Management's Discussion and Analysis of
Financial Condition and Results of Operations
N/A
Item 8.Financial Statements and Supplementary Data
N/A
Item 9.Changes In and Disagreements with Accountants
on Accounting and Financial Disclosure
N/A
PART III
Item 10.Directors and Executive Officers of the Registrant
N/A
Item 11.Executive Compensation
N/A
Item 12.Security Ownership of Certain Beneficial Owners
and Management
N/A
Item 13.Certain Relationships and Related Transactions
N/A
PART IV
Item14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K.
(a) Exhibit No. 99
Description
Annual Statement to Certificateholders pursuant to Section 14.09 of
the Standard Terms and Conditions dated as of January 1, 1999
among American Honda Receivables Corp., as Seller, American
Honda Finance Corporation, as Servicer, and Trust and Bankers Trust
Company, as Trustee.
(b) Reports
Reports Date
Form 8K The month of Apr. 1999 (May 15, 1999)
The month of May 1999 (Jun.15, 1999)
The month of Jun. 1999 (Jul.15, 1999)
The month of Jul. 1999 (Aug.15, 1999)
The month of Aug. 1999 (Sep.15, 1999)
The month of Sep. 1999 (Oct.15, 1999)
The month of Oct. 1999 (Nov.15, 1999)
The month of Nov. 1999 (Dec.15, 1999)
The month of Dec. 1999 (Jan.15, 2000)
The month of Jan. 2000 (Feb.15, 2000)
The month of Feb. 2000 (Mar.15, 2000)
The month of Mar. 2000 (Apr.15, 2000)
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
Honda Auto Receivables 1999-1 Owner Trust
By: American Honda Finance Corporation, as Servicer
(Registrant)
By:
/s/ John Weisickle
John Weisickle, Vice President/ Finance
</TABLE>
