AMERICAN HONDA FINANCE CORPORATION
Annual Statement to Certificateholder-- Honda Auto Receivables 2001-2 Owner Trust
04/01/2002 through 03/31/2003


I. ORIGINAL DEAL PARAMETER INPUTS
(A) Total Portfolio Balance												$1,618,603,016.50
(B) Total Securities Balance												$1,618,603,016.50
(C) Class A-1 Notes
(i) Class A-1 Notes Balance												$440,000,000.00
(ii) Class A-1 Notes Percentage (C(i)/IB)												27.18%
(iii) Class A-1 Notes Rate												3.73000%
(iv) Class A-1 Notes Accrual Basis												Actual/360
(D) Class A-2 Notes
(i) Class A-2 Notes Balance												$410,000,000.00
(ii) Class A-2 Notes Percentage (D(i)/IB)												25.33%
(iii) Class A-2 Notes Rate												4.110%
(iv) Class A-2 Notes Accrual Basis												30/360
(E) Class A-3 Notes
(i) Class A-3 Notes Balance												$520,000,000.00
(ii) Class A-3 Notes Percentage (E(i)/B)												32.13%
(iii) Class A-3 Notes Rate												4.670%
(iv) Class A-3 Notes Accrual Basis												30/360
(F) Class A-4 Notes
(i) Class A-4 Notes Balance												$204,000,000.00
(ii) Class A-4 Notes Percentage (F(i)/B)												12.60%
(iii) Class A-4 Notes Rate												5.090%
(iv) Class A-4 Notes Accrual Basis												30/360
(G) Certificates
(i) Certificates Balance												$44,603,016.50
(ii) Certificates Percentage (G(i)/B)												2.76%
(iii) Certificates Rate												5.090%
(iv) Certificates Accrual Basis												30/360
(H) Servicing Fee Rate												1.00%
(I) Portfolio Summary
(i) Weighted Average Coupon (WAC)												7.13%
(ii) Weighted Average Original Maturity (WAOM)												55.79					months
(iii) Weighted Average Remaining Maturity (WAM)												43.59					months
(iv) Number of Receivables												131,711
(J) Reserve Account
(i) Reserve Account Initial Deposit Percentage												0.50%
(ii) Reserve Account Initial Deposit												$8,093,015.08
(iii) Specified Reserve Account Percentage												0.75%
(iv) Specified Reserve Account Balance												$8,093,015.08

(K) Yield Supplement Account Deposit												$3,859,646.81

II. INPUTS FROM PREVIOUS MONTHLY SERVICER REPORTS
(A) Total Portfolio Balance												$1,106,070,054.49
(B) Total Securities Balance												$1,106,070,054.49
(C) Cumulative Note and Certificate Pool Factor												0.6833486
(D) Class A-1 Notes
(i) Class A-1 Notes Balance												$0.00
(ii) Class A-1 Notes Pool Factor												0.0000000
(iii) Class A-1 Notes Interest Carryover Shortfall												$0.00
(iv) Class A-1 Notes Principal Carryover Shortfall												$0.00
(E) Class A-2 Notes
(i) Class A-2 Notes Balance												$339,573,988.20
(ii) Class A-2 Notes Pool Factor												0.8282292
(iii) Class A-2 Notes Interest Carryover Shortfall												$0.00
(iv) Class A-2 Notes Principal Carryover Shortfall												$0.00
(F) Class A-3 Notes
(i) Class A-3 Notes Balance												$520,000,000.00
(ii) Class A-3 Notes Pool Factor												1.0000000
(iii) Class A-3 Notes Interest Carryover Shortfall												$0.00
(iv) Class A-3 Notes Principal Carryover Shortfall												$0.00
(G) Class A-4 Notes
(i) Class A-4 Notes Balance												$204,000,000.00
(ii) Class A-4 Notes Pool Factor												1.0000000
(iii) Class A-4 Notes Interest Carryover Shortfall												$0.00
(iv) Class A-4 Notes Principal Carryover Shortfall												$0.00
(H) Certificates
(i) Certificates Balance												$42,496,066.29
(ii) Certificates Pool Factor												0.9527622
(iii) Certificates Interest Carryover Shortfall												$0.00
(iv) Certificates Principal Carryover Shortfall												$0.00
(I) Servicing Fee
(i) Servicing Fee Shortfall												$0.00
(J) End of Prior Month Account Balances
(i) Reserve Account												$8,713,571.08
(ii) Yield Supplement Account												$1,713,755.91
(iii) Payahead Account												$88,548.83
(iv) Advances Outstanding												$941,812.46
(K) Portfolio Summary as of End of Prior Year
(i) Weighted Average Coupon (WAC)												7.14%
(ii) Weighted Average Remaining Maturity (WAM)												35.90					months
(iii) Number of Receivables												111,881
(L) Note and Certificate Percentages
(i) Note Percentage												96.22%
(ii) Certificate Percentage												3.78%

III. INPUTS FROM THE MAINFRAME
(A) Precomputed Contracts Principal
(i) Scheduled Principal Collections												$3,835,025.25
(ii) Prepayments in Full												$1,584,599.87
(iii) Prepayments in Full due to Repurchases												$0.00
(B) Precomputed Contracts Total Collections												$5,914,758.44
(C) Precomputed Interest Receivables Interest (B-A((I)+(ii)+(iii)))												$495,133.32
(D) Simple Interest Receivables Principal
(i) Principal Collections												$349,040,618.92
(ii) Prepayments in Full												$194,391,214.70
(iii) Repurchased Receivables Related to Principal												$0.00
(E) Simple Interest Receivables Interest
(i) Simple Interest Collections												$59,401,683.40
(F) Payment Advance for Precomputes
(i) Reimbursement of Previous Advances												$255,964.54
(ii) Current Advance Amount												$217,597.75
(G) Interest Advance for simple Interest - Net												($406,069.11)
(H) Payahead Account
(i) Payments Applied												$345,513.96
(ii) Additional Payaheads												$298,073.68
(I) Portfolio Summary as of End of Month
(i) Weighted Average Coupon (WAC)												7.26%
(ii) Weighted Average Remaining Maturity (WAM)												26.26					months
(iii) Remaining Number of Receivables												77,700


(J) Delinquent Receivables			# Units							Dollar Amount
(i) 31-60 Days Delinquent	1,854					2.39%		$15,525,423.29							2.83%
(ii) 61-90 Days Delinquent	323					0.42%		$3,061,800.44							0.56%
(ii) 91 Days or More Delinquent	62					0.08%		$555,083.90							0.10%
(K) Vehicles Repossessed During Collection Period	28					0.04%		$310,963.94							0.06%
(L) Total Accumulated Repossessed Vehicles in Inventory	79					0.10%		$728,385.60							0.13%


IV. INPUTS DERIVED FROM OTHER SOURCES
(A) Collection Account Investment Income												$0.00
(B) Reserve Account Investment Income												$116,443.60
(C) Yield Supplement Account Investment Income												$15,459.91
(D) Trust Fees Expense												$6,000.00
(E) Aggregate Net Losses for Collection Period												$3,608,264.27
(F) Liquidated Receivables Information
(i) Gross Principal Balance on Liquidated Receivables												$7,795,973.70
(ii) Liquidation Proceeds												2,007,872.63
(ii) Recoveries from Prior Month Charge Offs												$2,179,836.80
(G) Days in Accrual Period												365
(H) Deal age												21

COLLECTIONS

V. INTEREST COLLECTIONS
(A) Total Interest Collections (III(C+E(i)-F(i)+F(ii)+G)												$59,452,380.82

VI. PRINCIPAL COLLECTIONS
(A) Principal Payments Received (III(A((i)+(ii))+(D(i)+(ii)))												$548,851,458.74
(B) Liquidation Proceeds (IV(F(i)))												2,007,872.63
(C) Repurchased Loan Proceeds Related to Principal (III(A(iii)+D(iii)))												0.00
(D) Recoveries from Prior Month Charge Offs (IV(F(ii)))												2,179,836.80
(E) Total Principal Collections (A+B+C+D)												553,039,168.17

VII. TOTAL INTEREST AND PRINCIPAL COLLECTIONS (V(A)+VI(E))												612,491,548.99

VIII. YIELD SUPPLEMENT DEPOSIT												$1,376,583.75

IX. TOTAL AVAILABLE AMOUNT (VII+VIII)												613,868,132.74


DISTRIBUTIONS

X. FEE DISTRIBUTIONS
(A) Servicing Fee
(i) Servicing Fee Due (I(H)/12)(II(B))+(II(H)(i))												$8,340,410.87
(ii) Servicing Fee Paid												$8,340,410.87
(iii) Servicing Fee Shortfall												$0.00
(B) Reserve Account Investment Income (IV(B))												116,443.60
(C) Yield Supplement Account Investment Income (IV(C))												15,459.91
(D) Trust Fees Expense (IV(D))												6,000.00

XI. DISTRIBUTIONS TO NOTEHOLDERS
(A) Interest
(i) Class A-1 Notes
(a) Class A-1 Notes Interest Due												$0.00
(b) Class A-1 Notes Interest Paid												0.00
(c) Class A-1 Notes Interest Shortfall												$0.00
(ii) Class A-2 Notes
(a) Class A-2 Notes Interest Due												$4,544,830.79
(b) Class A-2 Notes Interest Paid												4,544,830.79
(c) Class A-2 Notes Interest Shortfall												$0.00
(iii) Class A-3 Notes
(a) Class A-3 Notes Interest Due												$22,754,476.52
(b) Class A-3 Notes Interest Paid												22,754,476.52
(c) Class A-3 Notes Interest Shortfall												$0.00
(iv) Class A-4 Notes
(a) Class A-4 Notes Interest Due												$10,383,600.00
(b) Class A-4 Notes Interest Paid												10,383,600.00
(c) Class A-4 Notes Interest Shortfall												$0.00
(v) Total Note Interest
(a) Total Note Interest Due												$37,682,907.31
(b) Total Note Interest Paid												37,682,907.31
(c) Total Note Interest Shortfall												$0.00
(d) Reserve Fund Withdrawn for Note Interest												$0.00
Amount available for distributions after Fees & Interest (IX-(X(A)(ii)-(D))-XI(A)(v)(b))												567,838,814.56
(B) Principal
(i) Noteholders' Principal Distribution Amounts												$535,606,159.49
(ii) Class A-1 Notes Principal
(a) Class A-1 Notes Principal Due												0.00
(b) Class A-1 Notes Principal Paid												0.00
(c) Class A-1 Notes Principal Shortfall												$0.00
(d) Reserve Fund drawn												$0.00
(iii) Class A-2 Notes Principal
(a) Class A-2 Notes Principal Due												$339,573,988.20
(b) Class A-2 Notes Principal Paid												$339,573,988.20
(c) Class A-2 Notes Principal Shortfall												$0.00
(d) Reserve Fund drawn												$0.00
(iv) Class A-3 Notes Principal
(a) Class A-3 Notes Principal Due												$196,032,171.29
(b) Class A-3 Notes Principal Paid												$196,032,171.29
(c) Class A-3 Notes Principal Shortfall												$0.00
(d) Reserve Fund drawn												$0.00
(v) Class A-4 Notes Principal
(a) Class A-4 Notes Principal Due												$0.00
(b) Class A-4 Notes Principal Paid												$0.00
(c) Class A-4 Notes Principal Shortfall												$0.00
(d) Reserve Fund drawn												$0.00
(vi) Total Notes Principal
(a) Total Notes Principal Due												$535,606,159.49
(b) Total Notes Principal Paid												535,606,159.49
(c) Total Notes Principal Shortfall												$0.00
(d) Reserve Fund drawn												$0.00

XII. RESERVE FUND DEPOSIT
Amount available for deposit into reserve account												$32,232,655.07
Amount deposited into reserve Account												0.00
Excess Amount Release from Reserve Account												620,556.00
Excess funds available to Certificateholders												32,853,211.07

XIII. DISTRIBUTIONS TO CERTIFICATEHOLDERS
(A) Interest
(i) Certificate Interest Due												$1,639,660.61
(ii) Certificate Interest Shortfall Beginning Balance												$0.00
(iii) Total Certificate Interest Due												$1,639,660.61
(iv) Certificate Interest Paid												1,639,660.61
(v) Certificate Interest Shortfall Ending Balance												$0.00
(B) Principal
(i) Certificate Principal Due												$21,041,272.95
(ii) Certificate Principal Shortfall Beginning Balance												$0.00
(iii) Total Certificate Principal Due												$21,041,272.95
(iv) Certificate Principal Paid												21,041,272.95
(v) Certificate Principal Shortfall Ending Balance												$0.00
(C) Release to Seller												$10,172,277.51

DISTRIBUTIONS SUMMARY

(A) Total Collections												$613,868,132.74
(B) Service Fee												$8,340,410.87
(C) Trustee Fees												$6,000.00
(D) Class A1 Amount												$0.00
(E) Class A2 Amount												$344,118,818.99
(F) Class A3 Amount												$218,786,647.81
(G) Class A4 Amount												$10,383,600.00
(H) Amount Deposited into Reserve Account												$0.00
(I) Certificateholders												$22,680,933.56
(J) Release to seller												$10,172,277.51
(K) Total amount distributed												$614,488,688.74
(L) Amount of Draw from Reserve Account												0.00
(M) Excess Amount Released from Reserve Account												620,556.00


PORTFOLIO AND SECURITY SUMMARY


XIV. POOL BALANCES AND PORTFOLIO INFORMATION
(A) Balances and Principal Factors					Beginning of Period									End of Period
(i) Aggregate Balance of Notes							$1,063,573,988.20							$527,967,828.71
(ii) Note Pool Factor							0.6757141							0.3354306
(iii) Class A-1 Notes Balance							0.00							0.00
(iv) Class A-1 Notes Pool Factor							0.0000000							0.0000000
(v) Class A-2 Notes Balance							339,573,988.20							0.00
(vi) Class A-2 Notes Pool Factor							0.8282292							0.0000000
(vii) Class A-3 Notes Balance							520,000,000.00							323,967,828.71
(viii) Class A-3 Notes Pool Factor							1.0000000							0.6230151
(ix) Class A-4 Notes Balance							204,000,000.00							204,000,000.00
(x) Class A-4 Notes Pool Factor							1.0000000							1.0000000
(xi) Certificates Balance							42,496,066.29							21,454,793.34
(xii) Certificates Pool Factor							0.9527622							0.4810166
(xiii) Total Principal Balance of Notes and Certificates							1,106,070,054.49							549,422,622.05

(B) Portfolio Information
(i) Weighted Average Coupon (WAC)							7.14%							7.26%
(ii) Weighted Average Remaining Maturity (WAM)							35.90				months		26.26				months
(iii) Remaining Number of Receivables							111,881							77,700
(iv) Portfolio Receivable Balance							$1,106,070,054.49							$549,422,622.05
(C) Outstanding Advance Amount							$941,812.46							$497,376.56
(D) Outstanding Payahead Balance							$88,548.83							$41,108.55


SUMMARY OF ACCOUNTS

XV. RECONCILIATION OF RESERVE ACCOUNT
(A) Beginning Reserve Account Balance												$8,713,571.08
(B) Draws												0.00
(i) Draw for Servicing Fee												0.00
(ii) Draw for Interest												0.00
(iii) Draw for Realized Losses												0.00
(C) Excess Interest Deposited into the Reserve Account												0.00
(D) Reserve Account Balance Prior to Release												8,713,571.08
(E) Reserve Account Required Amount												8,093,015.08
(F) Final Reserve Account Required Amount												8,093,015.08
(G) Excess Reserve Account Amount												620,556.00
(H) Ending Reserve Account Balance												8,093,015.08

XVI. RECONCILIATION OF YIELD SUPPLEMENT ACCOUNT
(A) Beginning Yield Supplement Account Balance												1,713,755.91
(B) Investment Earnings												15,459.91
(C) Investment Earnings Withdraw												15,459.91
(D) Additional Yield Supplement Amounts												0.00
(E) Yield Supplement Deposit Amount												1,376,583.75
(F) Ending Yield Supplement Account Balance												337,172.16

XVII. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY
(A) Liquidated Contracts
(i) Liquidation Proceeds												$2,007,872.63
(ii) Recoveries on Previously Liquidated Contracts												2,179,836.80
(B) Aggregate Net Losses for Collection Period												3,608,264.27
(C) Net Loss Rate for Collection Period (annualized)												0.44%
(D) Cumulative Net Losses for all Periods												6,450,865.56


(E) Delinquent Receivables				# Units							Dollar Amount
(i) 31-60 Days Delinquent		1,854					2.39%		$15,525,423.29							2.83%
(ii) 61-90 Days Delinquent		323					0.42%		$3,061,800.44							0.56%
(ii) 91 Days or More Delinquent		62					0.08%		$555,083.90							0.10%

XVIII. REPOSSESSION ACTIVITY
				# Units							Dollar Amount
(A) Vehicles Repossessed During Collection Period		28					0.04%		$310,963.94							0.06%
(B) Total Accumulated Repossessed Vehicles in Inventory		79					0.10%		$728,385.60							0.13%



XIX. TESTS FOR INCREASE IN SPECIFIED RESERVE ACCOUNT BALANCE
(A) Ratio of Net Losses to the Pool Balance as of Each Collection Period
(i) Second Preceding Collection Period												0.53%
(ii) Preceding Collection Period												0.53%
(iii) Current Collection Period												0.25%
(iv) Three Month Average (Avg(i,ii,iii))												0.44%
(B) Ratio of Balance of Contracts Delinquent 60 Days or More to the Outstanding Balance of Receivables.
(i) Second Preceding Collection Period												0.83%
(ii) Preceding Collection Period												0.71%
(iii) Current Collection Period												0.60%
(iv) Three Month Average (Avg(i,ii,iii))												0.71%


(C) Loss and Delinquency Trigger Indicator												Trigger was not hit.



I hereby certify that the servicing report provided is true
and accurate to the best of my knowledge.

By:
/s/ John I. Weisickle
John I. Weisickle, Vice President

AMERICAN HONDA FINANCE CORPORATION

I. ORIGINAL DEAL PARAMETER INPUTS

II. INPUTS FROM PREVIOUS MONTHLY SERVICER REPORTS

III. INPUTS FROM THE MAINFRAME

IV. INPUTS DERIVED FROM OTHER SOURCES

V. INTEREST COLLECTIONS

VI. PRINCIPAL COLLECTIONS

VII. TOTAL INTEREST AND PRINCIPAL COLLECTIONS (V(A)+VI(E))

VIII. YIELD SUPPLEMENT DEPOSIT

IX. TOTAL AVAILABLE AMOUNT (VII+VIII)

X. FEE DISTRIBUTIONS

XI. DISTRIBUTIONS TO NOTEHOLDERS

XII. RESERVE FUND DEPOSIT

XIII. DISTRIBUTIONS TO CERTIFICATEHOLDERS

XIV. POOL BALANCES AND PORTFOLIO INFORMATION

XV. RECONCILIATION OF RESERVE ACCOUNT

XVI. RECONCILIATION OF YIELD SUPPLEMENT ACCOUNT

XVII. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY

XVIII. REPOSSESSION ACTIVITY

XIX. TESTS FOR INCREASE IN SPECIFIED RESERVE ACCOUNT BALANCE

HONDA AUTO RECEIVABLES 2001-2 OWNER TRUST 10-K