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): April 25, 2006

Nissan Auto Receivables Corporation II

on behalf of Nissan Auto Receivables 2006-B Owner Trust

(Exact name of Registrant as Specified in its Charter)


DELAWARE	333-132133-01	51-6573783

(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

990 W. 190TH STREET
TORRANCE, CALIFORNIA 90502

(Address of Principal Executive Offices)

Registrant’s telephone number, including area code: (310) 719-8583

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))

TABLE OF CONTENTS


ITEM 8.01 OTHER EVENTS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibit 4.1
Exhibit 4.2
Exhibit 4.3
Exhibit 4.4
Exhibit 4.5
Exhibit 4.6

ITEM 8.01 OTHER EVENTS

On April 25, 2006, Nissan Auto Receivables Corporation II (“NARC II”) and Nissan Motor Acceptance Corporation (“NMAC”) entered into that certain Purchase Agreement, dated as of April 25, 2006 (the “Purchase Agreement”), pursuant to which NMAC transferred to NARC II certain retail installment sales contracts relating to certain new, near-new and used automobiles and light-duty trucks (the “Receivables”) and related property. On April 25, 2006, Nissan Auto Receivables 2006-B Owner Trust (the “Issuing Entity”), a Delaware statutory trust created pursuant to that certain Trust Agreement, dated as of November 22, 2005, as amended and restated by the Amended and Restated Trust Agreement, dated as of April 25, 2006 (the “Amended and Restated Trust Agreement”), by and between NARC II, as depositor, and Wilmington Trust Company, as owner trustee (the “Owner Trustee”), entered into that certain Sale and Servicing Agreement, dated as of April 25, 2006 (the “Sale and Servicing Agreement”), with NARC II, as seller, and NMAC, as servicer, pursuant to which the Receivables and related property were transferred to the Issuing Entity. Also on April 25, 2006, the Issuing Entity caused the issuance, pursuant to an Indenture, dated as of April 25, 2006 (the “Indenture”), by and between the Issuing Entity, as issuer, and Wells Fargo Bank, National Association, as indenture trustee (the “Indenture Trustee”), of certain notes in the following classes: Class A-1, Class A-2, Class A-3 and Class A-4 (collectively, the “Notes”). Also on April 25, 2006, the Issuing Entity, NARC II, as seller, NMAC, as servicer, and the Indenture Trustee entered into that certain Yield Supplement Agreement, dated as of April 25, 2006 (the “Yield Supplement Agreement”), relating to the yield supplement account to be maintained for the benefit of the holders of the Notes. Also on April 25, 2006, the Issuing Entity, as issuer, NMAC, as administrator, the Indenture Trustee and the Owner Trustee entered into that certain Administration Agreement, dated as of April 25, 2006, relating to the provision by NMAC of certain services relating to the Notes. The Notes, with an aggregate principal balance of $1,194,986,000, were sold to Morgan Stanley & Co. Incorporated, Merrill Lynch, Pierce, Fenner & Smith Incorporated, ABN AMRO Incorporated, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Greenwich Capital Markets, Inc., JP Morgan Securities Inc., SG Americas Securities, LLC and The Williams Capital Group, L.P., as underwriters (the “Underwriters”) pursuant to an Underwriting Agreement, dated April 18, 2006, by and among NARC II, NMAC and Morgan Stanley & Co. Incorporated, on behalf of itself and as the representative of the Underwriters. The Notes have been registered pursuant to the Securities Act of 1933, as amended, under a Registration Statement on Form S-3 (Commission File No. 333-132133).

Attached as Exhibit 4.1 is the Sale and Servicing Agreement, as Exhibit 4.2 is the Indenture, as Exhibit 4.3 is the Purchase Agreement, as Exhibit 4.4 is the Amended and Restated Trust Agreement, as Exhibit 4.5 is the Administration Agreement and as Exhibit 4.6 is the Yield Supplement Agreement.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS


		(a) Not applicable.
		(b) Not applicable.
		(c) Exhibits

The exhibit number corresponds with Item 601(a) of Regulation S-K.


Exhibit No.		Description
Exhibit 4.1		Sale and Servicing Agreement, dated as of April 25, 2006, by and among the Issuing Entity, as issuer, NARC II, as seller, and NMAC, as servicer.

Exhibit 4.2		Indenture, dated as of April 25, 2006, by and between the Issuing Entity, as issuer, and the Indenture Trustee.

Exhibit 4.3		Purchase Agreement, dated as of April 25, 2006, by and between NARC II, as purchaser, and NMAC, as seller.

Exhibit 4.4		Amended and Restated Trust Agreement, dated as of April 25, 2006, by and between NARC II, as depositor, and Wilmington Trust Company, as Owner Trustee.

Exhibit 4.5		Administration Agreement, dated as of April 25, 2006, by and among the Issuing Entity, as issuer, NMAC, as administrator, the Indenture Trustee and the Owner Trustee.

Exhibit 4.6		Yield Supplement Agreement, dated as of April 25, 2006, by and among the Issuing Entity, NARC II, as seller, NMAC, as servicer, and the Indenture Trustee.

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


	NISSAN AUTO RECEIVABLES 2006-B OWNER TRUST

	By:		Nissan Auto Receivables Corporation II

		By:	/s/ Kazuhiko Kazama Name: Kazuhiko Kazama
			Title: Treasurer

Date: May 1, 2006

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Nissan Auto Receivables 2006-B Owner Trust 8-K