Summary of HONDA AUTO RECEIVABLES 2009-3 OWNER TRUST

Item 8.01. Other Events
Description of the Securities and the Auto Loans American Honda Receivables Corp. registered issuances of up to $15,000,000,000 principal amount of Asset Backed Notes and Asset Backed Certificates on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, as amended (the "Act"), by the Registration Statements on Form S-3 (Registration File No. 333-150095) filed with the Securities and Exchange Commission on April 4, 2008, including all amendments thereto, and as the same may be amended from time to time (the "Registration Statement") relating to the registration of the Notes under the Act, as amended. Pursuant to the Registration Statement, Honda Auto Receivables 2009-3 Owner Trust (the "Issuer") issued $1,827,000,000 Class A-1 0.75435% Asset Backed Notes (the "Class A-1 Notes"), Class A-2 1.50% Asset Backed Notes (the "Class A-2 Notes"), Class A-3 2.31% (the "Class A-3 Notes") and Class A-4 3.30% (the "Class A-4 Notes") (collectively, the "Notes"), on July 14, 2009. This Current Report on Form 8-K is being filed to satisfy an undertaking to file copies of certain agreements executed in connection with the issuance of the Notes.
The Notes were issued pursuant to an Indenture (the "Indenture") attached hereto as Exhibit 4.1, dated as of July 1, 2009, between the Issuer and Citibank, N.A., as indenture trustee (the "Indenture Trustee"). The Notes represent non-recourse obligations of the Issuer, which obligations are secured by the pledge by the Issuer to the Indenture Trustee of auto loans and certain related property.
The Notes evidence indebtedness of the Issuer, the assets of which consist primarily of certain fixed rate retail installment sales contracts secured by new and used Honda and Acura automobiles and light-duty tracks financed thereby.
As of the applicable cut-off date, which was July 1, 2009, the receivables possessed (without material deviation) the characteristics described in the Prospectus dated June 29, 2009 and the Prospectus Supplement dated July 7, 2009, filed pursuant to Rule 424(b)(5) of the Act on July 9, 2009. Item 9.01. Financial Statements and Exhibits
(a) Not applicable.

(b) Not applicable.

(d) Exhibits:

1.1    Underwriting Agreement, dated July 7, 2009, among American Honda
       Receivables Corp., American Honda Finance Corporation, Banc of America
       Securities LLC and Credit Suisse Securities (USA) LLC.

4.1    Indenture, dated as of July 1, 2009, between Honda Auto Receivables 2009-3
       Owner Trust and Citibank, N.A, as indenture trustee.

4.2    Amended and Restated Trust Agreement, dated July 14, 2009, among American
       Honda Receivables Corp., Union Bank, N.A., as owner trustee and U.S. Bank
       Trust National Association, as Delaware trustee.

99.1   Sale and Servicing Agreement, dated as of July 1, 2009, among Honda Auto
       Receivables 2009-3 Owner Trust, American Honda Receivables Corp. and
       American Honda Finance Corporation.

99.2   Receivables Purchase Agreement, dated as of July 1, 2009, between American
       Honda Finance Corporation and American Honda Receivables Corp.

99.3   Administration Agreement, dated as of July 1, 2009, among Honda Auto
       Receivables 2009-3 Owner Trust, American Honda Finance Corporation,
       American Honda Receivables Corp. and Citibank, N.A., as indenture trustee.

99.4   Control Agreement, dated as of July 1, 2009, among American Honda
       Receivables Corp., Honda Auto Receivables 2009-3 Owner Trust, American
       Honda Finance Corporation, Citibank, N.A., as indenture trustee and
       assignee-secured party, and Citibank, N.A., as securities intermediary.