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:               December 18, 2000                                                    

             HOUSEHOLD AUTOMOBILE REVOLVING TRUST I, SERIES 1998-1       
(Exact name of registrant as specified in its charter)

                     HOUSEHOLD FINANCE CORPORATION                       
(Administrator of the Trust)
(Exact name as specified in Administrators charter)

(State or other jurisdiction of incorporation of Administrator)

(Commission File Numbers)

Not Applicable
(IRS Employer Identification Number of Registrant)

   2700 Sanders Road, Prospect Heights, Illinois                        
(Address of principal executive offices of Administrator)

      60070        
(Zip Code)

Administrators telephone number, including area code 847/564-5000

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Item 7.     FINANCIAL STATEMENTS AND EXHIBITS

(c)   Exhibits

99(a)

Monthly Servicer's Certificate to Trustee dated December 18, 2000 pursuant to Section 4.9 of the amended and restated Master Sale and Servicing Agreement dated as of November 1, 1998 (the "Sale and Servicing Agreement") among Household Automobile Revolving Trust I, as Issuer, Household Auto Receivables Corporation, as Seller, Household Finance Corporation, as Master Servicer, and The Chase Manhattan Bank, as Trustee, with respect to the Class A and B Notes, Series 1998-1.

SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, the Administrator has duly caused this report to be signed on behalf of the undersigned hereunto duly authorized.

HOUSEHOLD FINANCE CORPORATION,
as Administrator of and on behalf of the
HOUSEHOLD AUTOMOBILE REVOLVING TRUST I, SERIES 1998-1
            (Registrant)

By:  /s/ J. W. Blenke                                                  
       J. W. Blenke
       Authorized Representative

Dated: December 27, 2000

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EXHIBIT INDEX

Exhibit
Number   

Exhibit

99

Monthly Servicer's Certificate to Trustee dated December 18, 2000 pursuant to Section 4.9 of the amended and restated Master Sale and Servicing Agreement dated as of November 1, 1998 (the "Sale and Servicing Agreement") among Household Automobile Revolving Trust I, as Issuer, Household Auto Receivables Corporation, as Seller, Household Finance Corporation, as Master Servicer, and The Chase Manhattan Bank, as Trustee, with respect to the Class A and B Notes, Series 1998-1.

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