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

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                                    FORM 10-D

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                               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 AugustSeptember 1, 2006 to AugustSeptember 3130, 2006

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                                  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                     90503
       OFFICES OF               (ZIP CODE)
                 THE ISSUING ENTITY)                  (ZIP CODE)

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

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                                  Registered/reporting pursuant to (check one)
                                                                                  --------------------------------------------   Name of exchange
Title of Class     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 [_]

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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
September October
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/ TetsuoPaul NishikioriC. Honda
                                                                      -----------------------------------------------
                                 Tetsuo                                     Paul NishikioriC. Honda
Date: SeptemberOctober 2527, 2006                        Assistant Vice President, Assistant
                                     Secretary and Compliance Officer

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EXHIBIT INDEX

EXHIBIT   DESCRIPTION
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 99.1           Servicer's Certificate and Monthly Servicer Report for SeptemberOctober 18,
          2006 distribution date


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Filing Compare · Honda Auto Receivables 2006-1 Owner Trust
