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<CAPTION>
AMERICAN HONDA FINANCE CORPORATION
Annual Statement to Certificateholder --1997-B
April 1, 1999 through March 31, 2000
<S> <C> <C> <C> <C>
A. ORIGINAL DEAL PARAMETER INPUTS
(A) Original Total Portfolio $904,409,897.00
(B) Class A Certificate Ownership Interest of the Trust 94.00%
(C) Original Class A Certificate Balance $850,145,000.00
(D) Class A Certificate Rate 5.95%
(E) Original Class B Certificate Balance $54,264,897.00
(F) Class B Certificate Rate 5.95%
(G) Servicing Fee Rate 1.00%
(H) Original Weighted Average Coupon (WAC) 7.66%
(I) Original Weighted Average Remaining Term (WAM) 43.73 months
(J) Number of Contracts 83,274
(K) Reserve Fund
(i) Reserve Fund Initial Deposit Percentage 0.75%
(ii) Reserve Fund Initial Deposit $6,783,074.23
(iii) Specified Reserve Fund Balance Percent 0.75%
(iv) Specified Reserve Fund Balance $6,783,074.23
(v) Reserve Fund Floor Percent 1.50%
(vi) Reserve Fund Floor Amount $13,566,148.46
(vii) Reserve Fund Floor Trigger Amount $271,322,969.12
(L) Original Yield Supplement Deposit $9,291,930.03
(M) Original Letter of Credit Amount $70,000,000.00
B. INPUTS FROM PREVIOUS MONTHLY SERVICER REPORTS
(A) Total Portfolio Outstanding $386,313,763.84
(B) Total Portfolio Pool Factor 0.4271446
(C) Class A Certificate Balance $363,134,938.01
(D) Class A Principal Factor 0.4271447
(E) Class B Certificate Balance $23,178,825.83
(F) Reserve Fund Balance $6,783,074.23
(G) Outstanding Interest Advance $934,818.11
(H) Payahead Account Balance $1,668,906.74
(I) Cumulative Net Losses for All Prior Periods 5,096,494.86
(J) Weighted Average Coupon of Remaining Portfolio (WAC) 7.90%
(K) Weighted Average Remaining Term of Remaining Portfolio (WAM) 31.18 months
(L) Number of Contracts 49,964
(M) Yield Supplement Balance $1,926,240.07
(N) Letter of Credit Amount $0.00
C. INPUTS FROM THE MAINFRAME
(A) Precomputed Contracts Principal
(i) Scheduled Principal Collections 33,899,396.30
(ii) Prepayments in Full 13,855,352.85
(iii) Prepayments in Full Due to Repurchases $0.00
(B) Precomputed Contracts Total Collections 53,213,026.18
(C) Simple Interest Contracts
(i) Collected Principal 163,563,995.15
(ii) Collected Interest 17,302,236.62
(iii) Repurchased Receivables Principal 0.00
(iv) Repurchased Receivables Interest 0.00
(D) Payment Advance for Precomputes
(i) Reimbursement of Previous Advances 2,644,982.38
(ii) Current Advance Amount 2,176,606.34
(E) Interest Advance for Simple Interest - Net (If positive, Addition
(F) Payahead Account
(i) Payments Applied 3,232,375.80
(ii) Additional Payaheads 2,292,710.90
(G) Weighted Average Coupon of Remaining Portfolio (WAC) 8.27%
(H) Weighted Average Remaining Maturity of Remaining Portfolio (WAM) 23.76 months
(I) Remaining Number of Contracts 30,811
(J) Delinquent Contracts Contracts Amount
(i) 31-60 Days Delinquent 465 1.51% $2,841,817 1.65%
(ii) 61-90 Days Delinquent 65 0.21% 463,148 0.27%
(iii) Over 90 Days Delinquent 19 0.06% 161,091 0.09%
D. INPUTS DERIVED FROM OTHER SOURCES
(A) Collection Account Investment Income -- Paid to Servicer 0.00
(B) Reserve Fund Investment Income -- Paid to Seller 380,139.54
(C) Investment Income on Yield Supplement Balance 61,666.08
(D) Aggregate Net Losses for Collection Period 741,592.73
(E) Liquidated Contracts
(i) Gross Principal Balance of Liquidated Receivables 3,169,574.24
(ii) Net Liquidation Proceeds Received During the Collection Per 1,363,013.53
(iii) Recoveries on Previously Liquidated Contracts 1,064,967.98
(F) Number of Vehicles Repossessed During the Collection Period 241
EXHIBIT 99
<CAPTION>
AMERICAN HONDA FINANCE CORPORATION
Annual Statement to Certificateholder --1997-B
April 1, 1999 through March 31, 2000
<S> <C> <C> <C> <C>
I. COLLECTIONS
(A) Principal Payments Received (Excluding Repurchases) (C(A)i+ii + C 211,318,744.30
(B) Interest Payments Received (C(B) - (C(A)i+ii+iii + C(ii) - D(i) + 22,292,137.61
(C) Aggregate Net Liquidation Proceeds Received (D(D)ii+iii) 2,427,981.51
(D) Principal on Repurchased Contracts (C(A)iii + C(C)iii) 0.00
(E) Interest on Repurchased Contracts (C(C)iv) 0.00
(F) Total Collections (A+B+C+D+E) 236,038,863.42
(G) Net Simple Interest Advance Amount (C(E)) 0.00
(H) Total Collections and Advances (F+G) 236,038,863.42
(I) Yield Supplement Deposit 1,263,660.48
(J) Total Available Amount (H+I) 237,302,523.90
II. DISTRIBUTIONS
(A) Principal Payments Received (Excluding Repurchases) (I(A)) $211,318,744.30
(B) Principal on Repurchased Contracts (I(D)) 0.00
(C) Gross Principal Balance of Liquidated Receivables (D(D)i) 3,169,574.24
(D) Total Principal Reduction (A+B+C) $214,488,318.54
(E) Class A Distributable Amount
(i) Class A Annual Interest Payment (A(D)*B(C)) $15,638,414.49
(ii) Annual Principal to Class A (B(C)-(III(i)*A(B)) 201,619,019.43
(iii) Total Distributable Amount (i+ii) $217,257,433.92
(F) Class B Distributable Amount
(i) Class B Annual Interest Payment (A(F)*B(E)) $998,196.66
(ii) Annual Principal to Class B (II(D)-(E)ii) 12,869,299.11
(iii) Total Distributable Amount (i+ii) $13,867,495.77
(G) Required Distributions
(i) Servicing Fee (A(G)*B(A)) $2,796,069.11
(ii) Class A Amount (II(E)iii) 217,257,433.92
(iii) Class B Amount (II(F)iii) 13,867,495.77
(iv) Deposit to Reserve Fund (If Positive (IV(H)-(A))) 3,381,525.10
(v) Residual Release to Seller 0.00
(vi) Total Amount Distributed (i+ii+iii+iv+v) 237,302,523.90
(H) Amount of Draw from Reserve Fund (IV(B+C+D)) 0.00
(I) Sum of Draw from Reserve Fund and Total Available Amount (I(H)+II 237,302,523.90
III. POOL BALANCES AND PORTFOLIO INFORMATION
Beginning End
of Period of Period
(A) Balances and Principal Factors
(i) Total Pool Balance $386,313,763.84 $171,825,445.30
(ii) Total Pool Factor 0.4271446 0.1899863
(iii) Class A Certificate Balance $363,134,938.01 $161,515,918.58
(iv) Class A Principal Factor 0.4271447 0.1899863
(v) Class B Certificate Balance $23,178,825.83 $10,309,526.72
(B) Portfolio Information
(i) Weighted Average Coupon (WAC 7.90% 8.27%
(ii) Weighted Average Remaining M 31.18 months 23.76 months
(iii) Remaining Number of Contract 49,964 30,811
(C) Outstanding Advance Amount $934,818.11 $466,442.07
(D) Outstanding Payahead Balance $1,668,906.74 $729,241.84
EXHIBIT 99
<CAPTION>
AMERICAN HONDA FINANCE CORPORATION
Annual Statement to Certificateholder --1997-B
April 1, 1999 through March 31, 2000
<S> <C> <C> <C> <C>
(A) Beginning Reserve Fund Balance (B(F)) 6,783,074.23
(B) Draw for Servicing Fee (if Positive (II(G)I-I(J)) 0.00
(C) Draw for Class A Distributable Amount and Servicing Fee (If Posit 0.00
(D) Draw for Class B Distributable Amount and Servicing Fee (If Posit 0.00
(E) Amount Available for Deposit to the Reserve Fund (If Positive (I( 3,381,525.10
(F) Reserve Fund Balance Prior to Release (IV(A-B-C-D+E)) 10,164,599.33
(G) Reserve Fund Required Amount (Was Trigger or Floor Hit?) 13,566,148.46
(H) Reserve Fund Release to Seller (If Positive (F-G)) 1,239,576.35
(I) Ending Reserve Fund Balance (G-H) 8,925,022.98
V. YIELD SUPPLEMENT ACCOUNT DEPOSIT
(A) Beginning Yield Supplement Account Balance $1,926,240.07
(B) Investment Earnings 61,666.08
(C) Additional Yield Supplement Amounts 0.00
(D) Yield Supplement Deposit Amount 1,263,660.48
(E) Ending Yield Supplement Account Balance 724,245.67
(F) Release Amount Due Seller $269,533.02
(G) Ending Yield Supplement Account Balance to be Invested 454,712.64
VI. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY
(A) Aggregate Net Losses for Collection Period (V(B)i-ii-iii) $741,592.73
(B) Liquidated Contracts
(i) Gross Principal Balance of Liquidated Receivables (D(D)i) 3,169,574.24
(ii) Net Liquidation Proceeds Received During the Collection Per 1,363,013.53
(iii) Recoveries on Previously Liquidated Contracts (D(D)iii) 1,064,967.98
(C) Cumulative Net Losses for all Periods (V(A)+B(H)) 5,838,087.59
(D) Delinquent and Repossessed Contracts
Contracts Amount
(i) 31-60 Days Delinquent 465 1.51% $2,841,817.00
(ii) 61-90 Days Delinquent 65 0.21% 463,148.00
(iii) Over 90 Days Delinquent 19 0.06% 161,091.00
(iv) Vehicles Repossessed During 241 0.48% 2,286,176.53
VI. TESTS FOR INCREASE IN RESERVE FUND BALANCE
(A) Ratio of Net Losses to the Pool Balance as of Each Collection Period.
(i) Second Preceeding Collection Period 0.27%
(ii) Preceeding Collection Period -0.03%
(iii) Current Collection Period 0.06%
(iv) Three Month Average (Avg(i,ii,iii)) 0.10%
(B) Ratio of Number of Contracts Delinquent 60 Days or More to the Outstanding
Number of Receivables as of Each Collection Period.
(i) Second Preceeding Collection Period 0.44%
(ii) Preceeding Collection Period 0.41%
(iii) Current Collection Period 0.36%
(iv) Three Month Average (Avg(i,ii,iii)) 0.40%
(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.
By:
/s/ John Weisickle
John Weisickle, Vice President / Finance
EXHIBIT 99
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