


                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                               -------------------

                                    FORM 10-D

                                                             -------------------

                               ASSET-BACKED ISSUER
             DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

           For the monthly distribution period from MayJuly 1, 2006 to MayJuly 31, 2006

                                                             -------------------

                                  333-132320-01
                   (COMMISSION FILE NUMBER OF ISSUING ENTITY)

                    HONDA AUTO RECEIVABLES 2006-1 OWNER TRUST
             (EXACT NAME OF ISSUING ENTITY SPECIFIED IN ITS CHARTER)

                                   333-132320
                      (COMMISSION FILE NUMBER OF DEPOSITOR)

                        AMERICAN HONDA RECEIVABLES CORP.
              (EXACT NAME OF DEPOSITOR AS SPECIFIED IN ITS CHARTER)

                       AMERICAN HONDA FINANCE CORPORATION
               (EXACT NAME OF SPONSOR AS SPECIFIED IN ITS CHARTER)

                                    DELAWARE                                                               20-6860465
            (STATE OR OTHER JURISDICTION OF                     ORGANIZATION (I.R.S. EMPLOYER IDENTIFICATION NO.)
  ORGANIZATION              OF THE ISSUING ENTITY)                  IDENTIFICATION NO.)

             C/O AMERICAN HONDA RECEIVABLES CORP.
                             20800 MADRONA AVENUE
                                     TORRANCE, CA                             90503
   (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES OF THE                   (ZIP CODE)
                                  ISSUING ENTITY)

                                 (310) 972-2511
                     (TELEPHONE NUMBER, INCLUDING AREA CODE)



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    Title of Class                            Registered/reporting pursuant to (check one)                         Name of exchange
                                               Section 12(b)         Section 12(g)        Section 15(d)      (If Section 12(b))

        Class A-1                             [___]                 [___]                [ X ]                 [___]
                                                                             ----
      Class A-2                             [___]                 [___]                [ X ]                 [___]
                                                                             ----
      Class A-3                             [___]                 [___]                [ X ]                 [___]
                                                                             ----
      Class A-4                             [___]                 [___]                [ X ]                 [___]
                                                                           ----



Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes   X     No __
                                      ---    ---






PART I - DISTRIBUTION INFORMATION

ITEM 1.   DISTRIBUTION AND POOL PERFORMANCE INFORMATION.

Distribution and pool performance information with respect to the receivables
that comprise the assets of the Honda Auto Receivables 2006-1 Owner Trust is set
forth in the Servicer's Certificate and Monthly Servicer Report for the June 19,August
18, 2006 distribution date, attached as Exhibit 99.1.

PART II - OTHER INFORMATION

ITEM 9.   EXHIBITS.

Exhibit 99.1 - Servicer's Certificate and Monthly Servicer Report



                                   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.

                                                           HONDA AUTO RECEIVABLES 2006-1 OWNER TRUST

                                                           BY:
                                 AMERICAN HONDA FINANCE CORPORATION, AS SERVICER

                                                           By:         /s/ Paul C. Honda
                                                                 ---------------------------------------------
                                                                 Paul C. Honda
Date: JuneAugust 2624, 2006                         Assistant Vice President, Assistant Secretary
                                   and Compliance Officer


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EXHIBIT INDEX

EXHIBIT                     DESCRIPTION
-------                     -----------

99.1                           Servicer's Certificate and Monthly Servicer Report for the
                   June                August 1918, 2006 distribution date.


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Filing Compare · Honda Auto Receivables 2006-1 Owner Trust
