TOYOTA MOTOR CREDIT RECEIVABLES CORP
8-K, 2000-11-30
ASSET-BACKED SECURITIES
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<PAGE>

                               UNITED STATES
                    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):   November 15, 2000
                                                         --------------------



         Toyota Motor Credit Receivables Corporation on Behalf of the
                Toyota Auto Receivables 2000-B Owner Trust
         ------------------------------------------------------------
           (Exact name of registrant as specified in its charter)



    California                   333-76505                    33-0593804
-------------------           ----------------            -------------------
  (State or other               (Commission                  (IRS Employer
  jurisdiction of               File Number)              Identification No.)
   incorporation)



 Toyota Motor Credit Receivables Corporation
         19001 South Western Avenue
            Torrance, California                                 90509
----------------------------------------------            -------------------
   (Address of principal executive offices)                    (Zip Code)



Registrant's telephone number, including area code:         (310) 468-1310
                                                          -------------------


                          Exhibit Index is on Page 2

                                 Page 1 of 3

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Item 5.  Other Events
         ------------


On November 15, 2000 the principal and interest collected during the
preceding calendar month, net of certain adjustments as provided for in the
Sale and Servicing Agreement dated as of September 1, 2000 ("Agreement"),
between Toyota Motor Credit Receivables Corporation, as "Seller", Toyota
Motor Credit Corporation, as "Servicer", and Toyota Auto Receivables 2000-B
Owner Trust, as "Issuer", were distributed to the holders of Notes and
Certificates issued by Toyota Auto Receivables 2000-B Owner Trust (the
"Securityholders").  In accordance with the Agreement, the Servicer's
Certificate, as defined in the Agreement, was furnished to the Owner Trustee
for the benefit of the Securityholders and was distributed by the Owner
Trustee to the Securityholders.  A copy of the Servicer's Certificate for the
month of October 2000 is filed as Exhibit 20 to this Current Report on Form
8-K.

Item 7(c).  Exhibits

<TABLE>
<CAPTION>

            Exhibit Number    Description
            --------------    -----------
            <S>               <C>
                   20         Servicer's Certificate for the month of
                              October, 2000.
</TABLE>



                                      -2-

<PAGE>

                                 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 of the
undersigned hereunto duly authorized.

                            TOYOTA AUTO RECEIVABLES 2000-B OWNER TRUST

                            BY:  TOYOTA MOTOR CREDIT CORPORATION, AS SERVICER


Date:  November 30, 2000           By:       /s/ GEORGE E. BORST
       ------------------           -----------------------------------------
                                               George E. Borst
                                            Senior Vice President
                                             and General Manager









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