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~~SECURITIES ofEXCHANGE ~~Report~~ACT ~~(Date~~OF ~~earliest event reported): August 5, 2002~~1934

Date of Report (Date earliest event reported): August 15, 2002

WFS Receivables Corporation 3

(Exact name of registrant as specified in charter)

California (~~Exact~~State ~~name~~or other jurisdiction of ~~registrant~~incorporation) as333-91300 ~~specified~~(Commission infile ~~charter~~number) 94-3401639 (IRS employer identification no.)

California		333-91300		94-3401639
(State or other jurisdiction of incorporation)		(Commission file number)		(IRS employer identification no.)


444 East Warm Springs Road #116 Las Vegas, Nevada (Address of principal executive offices)		89119 (Zip code)

444 East Warm Spring Road #116, Las Vegas, Nevada				89119
(Address of principal executive offices)				(Zip code)

Registrant’s telephone number, including area code: (702) 407-4317

This filing relates to Registration Statement ~~Nos~~ No. 333-91300 ~~and 333-62802~~

TABLE OF CONTENTS

	ITEM 5. OTHER EVENTS
	ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
SIGNATURES
INDEX TO EXHIBITS
EXHIBIT 1.1
EXHIBIT 25.1
EXHIBIT 4.1
EXHIBIT 4.2
EXHIBIT 10.2
EXHIBIT 10.6

ITEM 5. OTHER EVENTS

In connection with the ~~proposed~~ offering of WFS Financial 2002-3 Owner Trust Auto Receivable Backed Notes, ~~Class A-1,~~attached are ~~Class A-2,~~copies ~~Class A-3,~~of ~~Class A-4,~~the ~~Class B~~final Underwriting Agreement, ~~Class C~~Amended and ~~Class D~~Restated Trust Agreement, ~~are~~Indenture, Administration ~~forms~~Agreement orand ~~copies~~the ofSale ~~certain~~and ~~exhibits~~Servicing Agreement.

ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

Exhibit 1.1	~~Exhibit 1.1~~	Underwriting Agreement dated as of August 8, 2002	~~Form of Underwriting Agreement~~
	Exhibit 25.1		Statement of Eligibility of Indenture Trustee
Exhibit 4.1		Amended and Restated Trust Agreement dated as of August 15, 2002
Exhibit 4.2		Indenture dated as of August 1, 2002
Exhibit 10.2		Sale and Servicing Agreement dated as of August 1, 2002
Exhibit 10.6		Administration Agreement dated as of August 1, 2002

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.

		WFS RECEIVABLES CORPORATION 3
Date: August 7, 2002		/s/ Mark Olson
		Mark Olson, Vice President


		WFS RECEIVABLES CORPORATION 3




Date: August 29, 2002		/s/ Mark Olson Mark Olson, Vice President

INDEX TO EXHIBITS

Exhibit No.	Description	Page
1.1	~~Form~~Underwriting Agreement dated as of ~~Underwriting~~August ~~Agreement~~8, 2002
25.1	Statement of Eligibility of Indenture Trustee
4.1	Amended and Restated Trust Agreement dated as of August 15, 2002
4.2	Indenture dated as of August 1, 2002
10.2	Sale and Servicing Agreement dated as of August 1, 2002
10.6	Administration Agreement dated as of August 1, 2002

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