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):

~~May~~June 15, 2001

Nissan Auto Receivables Corporation II
on behalf of Nissan Auto Receivables 2001-B Owner Trust

(Exact name of registrant as specified in its charter)

Delaware	333-51224-01	95-4831541
(State or other Jurisdiction of incorporation)	(Commission Registration Number)	(I.R.S. Employer Identification Number)

990 WEST 190TH STREET
TORRANCE, CALIFORNIA 90502

___________________________________

(Address of principal executive office)
Registrant's telephone number, including area code: (310) 719-8583

Exhibit Index is on Page 4

Item 5.

Other Events
.

On ~~May~~June 15, 2001, the principal and interest collected during the preceding calendar month, net of certain adjustments as provided for in the Sale and Servicing Agreement, dated as of April 26, 2001 (the "Agreement"), among Nissan Auto Receivables 2001-B Owner Trust, as Issuer, Nissan Auto Receivables Corporation II, as Seller, and Nissan Motor Acceptance Corporation, as Servicer, were distributed to the holders of notes ("Noteholders") issued by Nissan Auto Receivables 2001-B Owner Trust. In accordance with the Agreement, the Servicer's Certificate, as defined in the Agreement, was furnished to the Indenture Trustee (as defined in the Agreement) for the benefit of the Noteholders. A copy of the Servicer's Certificate is being filed as Exhibit 99.1 to this Current Report on Form 8-K.

Item 7(c).	Exhibits.
	The exhibit number corresponds with Item 601(a) of Regulation S-K.
	Exhibit No.	Description
	99.1	Servicer's Certificate for the month of ~~April~~May 2001

SIGNATURES

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 CORPORATION II

	By:	/s/
	Name: Title:	Joji Tagawa Treasurer

~~May~~June 2926, 2001

EXHIBIT INDEX

Exhibit No.	Description	Sequentially Numbered Page
99.1	Servicer's Certificate for the month of ~~April~~May 2001	5

Nissan Auto Receivables 2001-B Servicer's Certificate for the month of ~~April~~May 2001 Exhibit 99.1

Collection Period

30May-~~Apr-~~01

30/360 Days

1930

Distribution Date

15-~~May~~Jun-01

Actual/360 Days

1931

	Coupon Rate	Initial Balance	Beginning Balance	Ending Balance	Pool Factor
Total Portfolio		1,283,773,137.44	1,~~283~~248,~~773~~425,~~137~~791.4432	1,~~248~~210,~~425~~093,~~791~~871.3260	0.~~972466~~942607
Total Securities		1,283,773,137.44	1,~~283~~248,~~773~~425,~~137~~791.4432	1,~~248~~210,~~425~~093,~~791~~871.3260	0.~~972466~~942607
Class A-1 Notes	4.7425%	319,000,000.00	~~319~~283,~~000~~652,~~000~~653.0088	~~283~~245,~~652~~320,~~653~~734.8816	0.~~889193~~769031
Class A-2 Notes	4.6000%	285,000,000.00	285,000,000.00	285,000,000.00	1.000000
Class A-3 Notes	4.9900%	440,000,000.00	440,000,000.00	440,000,000.00	1.000000
Class A-4 Notes	5.3500%	159,537,000.00	159,537,000.00	159,537,000.00	1.000000
Certificates	0.0000%	80,236,137.44	80,236,137.44	80,236,137.44	1.000000

Principal Payment

Interest Payment

Principal per $1000 Face Amount

Interest per $1000 Face Amount

Class A-1 Notes

3538,~~347~~331,~~346~~919.1272

~~798~~1,~~452~~158,386.5722

~~110~~120.~~8067276~~1627577

23.~~5029861~~6313048

Class A-2 Notes

0.00

~~691~~1,~~916~~092,500.6700

23.~~4277778~~8333333

Class A-3 Notes

0.00

1,~~158~~829,~~788~~666.8967

24.~~6336111~~1583333

Class A-4 Notes

0.00

~~450~~711,~~470~~269.4513

24.~~8236111~~4583333

Certificates

0.00

Total Securities

3538,~~347~~331,~~346~~919.1272

34,~~099~~791,~~628~~822.5702

I. COLLECTIONS

Interest:

Interest Collections	67,~~856~~193,~~178~~919.8637
Repurchased Loan Proceeds Related to Interest	23,~~488~~214.7136
Total Interest Collections	67,~~858~~197,~~667~~133.5773
Principal:
Principal Collections	3537,~~044~~635,~~305~~914.5279
Repurchased Loan Proceeds Related to Principal	~~303~~399,~~040~~643.6035
Total Principal Collections	3538,~~347~~035,~~346~~558.1214
Recoveries of Defaulted Receivables	0.00
Investment Earnings on Yield Supplement Account	861,~~586~~014.9939
Release from the Yield Supplement Account	~~777~~1,~~787~~167,838.8746
Servicer Advances	~~452~~356,~~223~~441.9189
Total Collections	4346,~~444~~817,~~612~~986.4661

II. COLLATERAL POOL BALANCE DATA

Number

Amount

Pool Balance - Beginning of Period

8584,~~582~~731

1,~~283~~248,~~773~~425,~~137~~791.4432

Total Principal Collections

3538,~~347~~035,~~346~~558.1214

Principal Amount of Gross Losses

0296,361.0058

Pool Balance - End of Period

8483,~~731~~814

1,~~248~~210,~~425~~093,~~791~~871.3260

III. DISTRIBUTIONS

Total Collections

4346,~~444~~817,~~612~~986.4661

Reserve Account Draw

0.00

Total Available for Distribution

4346,~~444~~817,~~612~~986.4661

1. Reimbursement of Advance

0452,223.0091

2. Servicing Fee:

Servicing Fee Due

1,~~069~~040,~~810~~354.9583

Servicing Fee Paid

1,~~069~~040,~~810~~354.9583

Servicing Fee Shortfall

0.00

3. Interest:

Class A-1 Notes Monthly Interest

Class A-1 Notes Interest Carryover Shortfall

0.00

Class A-1 Notes Interest on Interest Carryover Shortfall

0.00

Class A-1 Notes Monthly Interest Distributable Amount

~~798~~1,~~452~~158,386.5722

Class A-1 Notes Monthly Interest Paid

~~798~~1,~~452~~158,386.5722

Change in Class A-1 Notes Interest Carryover Shortfall

0.00

Class A-2 Notes Monthly Interest

Class A-2 Notes Interest Carryover Shortfall

0.00

Class A-2 Notes Interest on Interest Carryover Shortfall

0.00

Class A-2 Notes Monthly Interest Distributable Amount

~~691~~1,~~916~~092,500.6700

Class A-2 Notes Monthly Interest Paid

~~691~~1,~~916~~092,500.6700

Change in Class A-2 Notes Interest Carryover Shortfall

0.00

Class A-3 Notes Monthly Interest

Class A-3 Notes Interest Carryover Shortfall

0.00

Class A-3 Notes Interest on Interest Carryover Shortfall

0.00

Class A-3 Notes Monthly Interest Distributable Amount

1,~~158~~829,~~788~~666.8967

Class A-3 Notes Monthly Interest Paid

1,~~158~~829,~~788~~666.8967

Change in Class A-3 Notes Interest Carryover Shortfall

0.00

Class A-4 Notes Monthly Interest

Class A-4 Notes Interest Carryover Shortfall

0.00

Class A-4 Notes Interest on Interest Carryover Shortfall

0.00

Class A-4 Notes Monthly Interest Distributable Amount

~~450~~711,~~470~~269.4513

Class A-4 Notes Monthly Interest Paid

~~450~~711,~~470~~269.4513

Change in Class A-4 Notes Interest Carryover Shortfall

0.00

Total Note Monthly Interest

Total Note Monthly Interest Due

34,~~099~~791,~~628~~822.5702

Total Note Monthly Interest Paid

34,~~099~~791,~~628~~822.5702

Total Note Interest Carryover Shortfall

0.00

Change in Total Note Interest Carryover Shortfall

0.00

Total Available for Principal Distribution

3940,~~275~~533,~~172~~585.9486

4. Total Monthly Principal Paid on the Notes

3538,~~347~~331,~~346~~919.1272

Total Noteholders' Principal Carryover Shortfall

0.00

Total Noteholders' Principal Distributable Amount

3538,~~347~~331,~~346~~919.1272

Change in Total Noteholders' Principal Carryover Shortfall

0.00

5. Total Monthly Principal Paid on the Certificates

0.00

Total Certificateholders' Principal Carryover Shortfall

0.00

Total Certificateholders' Principal Distributable Amount

0.00

Change in Total Certificateholders' Principal Carryover Shortfall

0.00

Remaining Available Collections

32,~~927~~201,~~826~~666.8214

Deposit from Remaining Available Collections to fund Reserve Account

0.00

Remaining Available Collections Released to Seller

32,~~927~~201,~~826~~666.8214

IV. YIELD SUPPLEMENT ACCOUNT

Beginning Yield Supplement Account Balance

1817,~~059~~281,~~127~~339.0215

Release to Collection Account

~~777~~835,~~787~~754.8793

Ending Yield Supplement Account Balance

1716,~~281~~445,~~339~~584.1522

Monthly Income from Non-Financial Asset

0332,083.0053

Total Release from YSA (net of monthly interest)

~~777~~1,~~787~~167,838.8746

V. RESERVE ACCOUNT

Initial Reserve Account Amount									9,628,298.53
Required Reserve Account Amount									9,628,298.53
Beginning Reserve Account Balance									9,628,298.53
Ending Reserve Account Balance									9,628,298.53

Reserve Account Triggers	Test Ratio	Actual Ratio	Result
Average Three Period Delinquency Percentage	2.00%	0.0002%	Pass
Average Three Period Charge Off Rate	3.25%	0.0009%	Pass

Required Reserve Account Amount for Next Period

9,628,298.53

VI. POOL STATISTICS

Weighted Average Coupon									6.83%
Weighted Average Remaining Maturity									4847.6775
Principal Recoveries of Defaulted Receivables									0.00
Principal on Defaulted Receivables									0296,361.0058
Pool Balance at Beginning of Collection Period									1,~~283~~248,~~773~~425,~~137~~791.4432
Net Loss Ratio									0.0028%
Net Loss Ratio for Second Preceding Collection Period									0.00%
Net Loss Ratio for Preceding Collection Period									0.00%
Net Loss Ratio for Current Collection Period									0.0028%
Average Net Loss Ratio									0.0009%
Cumulative Net Losses for all Periods									0296,361.0058

Delinquent Receivables:

Amount

Number

31-60 Days Delinquent

35,~~909~~685,~~517~~713.5462

~~247~~366

61-90 Days Delinquent

-741,647.40

-49

91-120 Days Delinquent

Total Delinquent Receivables:

36,~~909~~427,~~517~~361.5402

~~247~~415

60+ Days Delinquencies as Percentage of Receivables

0.0006%

Delinquency Ratio for Second Preceding Collection Period

0.00%

Delinquency Ratio for Preceding Collection Period

0.00%

Delinquency Ratio for Current Collection Period

0.0006%

Average Delinquency Ratio

0.0002%

Filing Compare · NISSAN AUTO RECEIVABLES 2001-B OWNER TRUST