ARCADIA RECEIVABLES FINANCE CORP
8-K, 2000-08-02
ASSET-BACKED SECURITIES
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                  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): July 17, 2000



                     Arcadia Receivables Finance Corp.,
                 Associates Automobile Receivables Trust 2000-1
                    (Exact name of registrant as
                      specified in its charter)



         Delaware          333-82281            41-1743653
      (State or other     (Commission         (IRS Employer
      jurisdiction of     File Number)       Identification No.)
      incorporation)


290 E. Carpenter Freeway, Irving, Texas                  75062-2729
(Address of principal executive offices)                 (Zip Code)



Registrant's telephone number, including area code (972) 652-4000


                           Item 5.  Other Events.

     Pursuant to Section 4.8 of the Sale and Servicing Agreement, dated as of
June 1, 2000 (the "Agreement"), among Associates Automobile Receivables Trust
2000-1 (the "Trust"), as Issuer, Arcadia Receivables Finance Corp., as Seller,
and Arcadia Financial Ltd., in its individual capacity and as Servicer, Bank
One, N.A., as Indenture Trustee (the "Indenture Trustee"), made distributions
to the Note Interest Distribution Account and Principal Distribution Account
for distribution to the holders of notes representing indebtedness of the
Trust (the "Noteholders"), and delivered to Noteholders a copy of the
Servicer's Certificate delivered to the Indenture Trustee and Wilmington
Trust Company, not in its individual capacity but as Owner Trustee, pursuant
to Section 3.9 of the Agreement, a copy of which is attached hereto as
Exhibit 20.1



Item 7(c). Exhibits

          Exhibit No.                    Description
          -----------              -----------------------
               20.1                Servicer's Certificate dated July 13, 2000
                                   delivered to the Trustee




                              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.



                           ARCADIA RECEIVABLES FINANCE CORP.


                                  /s/ Michael J.  Forde
                                 ----------------------------
                                 Title: Assistant Secretary



Date: August 2, 2000


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