              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) FebruaryMarch 15, 2005


                     NAVISTAR FINANCIAL 2001-B OWNER TRUST
             (Exact name of Registrant as specified in its charter)


                                    Delaware
                 (State or other jurisdiction of incorporation)



              333-62445-03                            36-7369318
      (Commission File Number)            (I.R.S. Employer Identification No.)




 2850 West Golf Road Rolling Meadows, Illinois             60008
   (Address of principal executive offices)             (Zip Code)



         Registrant's telephone number including area code 847-734-4000


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                    INFORMATION TO BE INCLUDED IN THE REPORT


Item 8.01  Other Events.


           On FebruaryMarch 15, 2005, the Registrant made available the
           Monthly Servicer Certificate for the Period of JanuaryFebruary 2005
           for the NAVISTAR FINANCIAL 2001-B OWNER TRUST,  which  is
           attached as Exhibit 20 hereto.


Item 9.01  Financial Statements and Exhibits.


         (c)      See attached Exhibit 20.


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                                   SIGNATURE


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 thereunto duly authorized.


                      NAVISTAR FINANCIAL 2001-B OWNER TRUST
             (Exact name of Registrant as specified in its charter)



Date:  FebruaryMarch 2528, 2005                                       By:/s/ PAUL E. MARTIN
-----------------------                          --------------------------
                                                 Paul E. Martin
                                                 Vice President & Controller


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                                  EXHIBIT INDEX

Exhibit No.    Description

   20          Navistar Financial 2001-B Owner Trust
               Monthly Servicer Certificate #4041, dated FebruaryMarch 15, 2005


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                                   Exhibit 20

                                          Navistar Financial 2001 - B Owner Trust

                                                 For the Month of JanuaryFebruary 2005
                                           Distribution Date of FebruaryMarch 15, 2005
                                                     Servicer Certificate  #4041

Original Pool Amount                                                                                 $292,329,093.98
Subsequent Receivables (transferred 11/01/01)                                 $59,897,861.72
Subsequent Receivables (transferred 12/10/01)                               $117,139,017.24
Subsequent Receivables (transferred 1/14/02)                                   $30,633,447.04
Beginning Pool Balance                                                                               $7066,779728,900025.6726
Beginning Pool Factor                                                                                           0.14156001334562

Principal and Interest Collections:
       Principal Collected (Incl. Servicer Advance Repay)                  $4,070111,594804.2824
       Interest Collected                                                                                      $484433,351845.1356
       Mandatory Prepayments
Additional Deposits:

       Repurchase Amounts                                                                                                  $0.00

       Liquidation Proceeds / Recoveries                                                          $3017,669698.1482
Total Additional Deposits                                                                                 $3017,669698.1482

Repos / Chargeoffs                                                                                               $4897,946038.8512
Aggregate Number of Notes Charged Off                                      105                                 110

Total Available Funds                                                                                   $4,517563,948348.8362

Ending Pool Balance                                                                                     $6662,728519,025182.2690
Ending Pool Factor                                                                                                 0.13345621250385

Servicing Fee                                                                                                         $5855,983606.2569
       memo: Servicer will allocate $1,500.00 of
                   Servicing Fee as Administration Fee

Repayment of Servicer Advances                                      $67,6650.7200
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Memo Item - Reserve Account:
Prior Month Balance                                                                                       $9,999,988.40
Invest. Income                                                                                                       $2217,099576.7448
Excess Serv.                                                       Service                                                 $14753,171794.1134
Transfer (to) Collections Acct                                                                                 $0.00
                                                                                                                         -----------------
Beginning Balance                                                                                         $10,169071,259359.2522
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Reserve Account:
    Beginning Balance  (see Memo Item)                                                   $10,169071,259359.2522
       Target Percentage                                                                                                    5.50%
       Target Balance                                                                                          $3,670438,041555.3906
       Minimum Balance                                                                                        $9,999,988.40
    
   (Release) / Deposit                                                                                   ($16971,270370.8582)
       Ending Balance                                                                                          $9,999,988.40
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Current Weighted Average APR:                                                                                  8.063024%
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---------------------------------------------------------------------------------
Current Weighted Average Remaining Term (months):                                           19.8824
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Delinquencies                                                                                                               Dollars    Notes
       Installmen1s- 30 days                                           649                                       735,829781.2754      635743
                           31 - 60 days                                          153                                      165,374893.4518      170155
                           60+  days                                             144                                         187,816190.7393       7493
       
      Total:                                                       948                                                 1,020088,865.4565      671778
       Balances: 60+  days                                             703                                         950,576945.6482       7493


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Navistar Financial 2001 - B Owner Trust
For the Month of JanuaryFebruary 2005
                                                                                                                                                               NOTES
                                      TOTAL               CLASS A - 1     CLASS A - 2     CLASS A - 3           CLASS A - 4    CLASS B NOTES
                                 $500,000,000.00   $79,638,000.00 $131,715,000.00   $179,000,000.00  $90,897,000.00  $18,750,000.00
Original Pool Amount

Distributions:
   Distribution Percentages  1                                                         0.00%           0.00%                       0.00%          96.25%           3.75%

   Coupon                                                                                               2.4400%         2.8300%                 0.25000%         4.3700%         4.8300%

Beginning Pool Balance            $7066,779728,900025.6726
Ending Pool Balance               $6662,728519,025182.2690

Collected Principal                $4,002111,928804.5624
Collected Interest                   $484433,351845.1356
Charge - Offs                         $4897,946038.8512
Liquidation Proceeds / Recoveries     $3017,669698.1482
Swap Payments to/(from)Trust               $0.00

Servicing & Administration Fee        $5855,983606.2569
Investment Earnings from
      Pre-Funding Acct.                      $0.00
Negative Carry Amount                      $0.00
Cash Transfer from Pre-Funding Acct.       $0.00
Cash Transfer from Reserve Account         $0.00
TotalTtl Collections Avail for
      Debt Svcs                     Svc $4,458507,965741.5893

Beginning Balance                 $7066,779728,900025.67           26          $0.00           $0.00                       $0.00  $6561,139239,229299.3931   $5,640488,671725.2895

Interest Due 2                       $259245,919105.06           23          $0.00           $0.00                       $0.00     $237223,215013.3611      $22,703092.7012
Interest Paid                        $259245,919105.06           23          $0.00           $0.00                       $0.00     $237223,215013.3611      $22,703092.7012
Principal Due                      $4,051208,875842.41           36          $0.00           $0.00                       $0.00   $34,899051,930010.0877     $151157,945831.3359
Mandatory Prepayments Class A-1 only       $0.00                     $0.00
Principal Paid                     $4,051208,875842.41           36          $0.00           $0.00                       $0.00   $34,899051,930010.0877     $151157,945831.3359


Ending Balance
Note/Certificate Pool Factor                          $6662,728519,025182.26           90          $0.00           $0.00                       $0.00  $6157,239188,299288.3154   $5,488330,725894.9536
Note/Certificate Pool Factor
(Ending BalBalance/Original Pool Amt)                                                    0.0000                   0.0000                     0.0000          0.67376292          0.29272843

Total Distributions                $4,311453,794947.47           59          $0.00           $0.00                       $0.00   $4,137274,145023.4488     $174179,649923.0371

Interest Shortfall                         $0.00                     $0.00           $0.00                       $0.00           $0.00           $0.00
Principal Shortfall                        $0.00                     $0.00           $0.00                       $0.00           $0.00           $0.00
   Total Shortfall                         $0.00                     $0.00           $0.00                       $0.00           $0.00           $0.00
Excess Servicing
   (see Memo Item - Reserve AcctAccount)      $14753,171794.1134

   Beginning Reserve Acct Balance $10,169071,259359.2522
   (Release) / Draw                                   ($16971,270370.8582)
   Ending Reserve Acct Balance     $9,999,988.40

1) Principal distributions will be paid in the following priority:  First to Class A-1 until paid in full, second 96.25% applied
   sequentially to Class A notes and 3.75% to Class B notes until all Class A Notes are repaid in full, then 100% to Class B Notes.
2) Class A-1  and Class A-3 Interest based on Actual Number of Days.  Interest on other classes based on a 30 -day month.  Interest
   for first settlement based off 14 days, from 11/01/01-11/15/01. Class A-3 Interest based on One Month Libor +25 bp.
3) The LIBOR Reset no longer needs to be noted.  Class A-3 Notes are paid off as of the 9/15/04 Distribution Date.

(* x represents previously paid interest to other classes.)
(* y represents previously paid interest and principal on other classes.)
========================================================
Memo Item - Advances:
   Servicer Advances - Current Month       (        $67299,665019.72)45
   Total Outstanding Servicer Advances       $2,573872,973992.0853
========================================================


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Navistar Financial 2001 - B Owner Trust
For the Month of JanuaryFebruary 2005


Trigger Events:
  A)  Loss Trigger
                 B)  Delinquency Trigger
                 C)  Noteholders Percent Trigger
                                                
                                            5                               4                               3                                2                               1
                                             Sep-04                                                      Oct-04                     Nov-04                      Dec-04                     Jan-05         Feb-05

Beginning Pool Balance                                   $93,938,628.81     $87,992,154.17     $82,187,109.88      $76,600,928.00     $70,779,900.67 $66,728,025.26

A)   Loss Trigger:
Principal of Contracts Charged Off                   $27,034.72         $48,997.48           $112,247.49              $62,522.57             $48,946.85
Recoveries                                       $12297,023038.01        12
Recoveries                               $200,521.11             $94,329.80            $138,968.12             $30,669.14     $17,698.82




Total Charged Off (Months 5, 4, 3)                 $188223,279767.6954
Total Recoveries (Months 3, 2, 1)                   $263187,967336.0608
                                                                               ----------------
Net Loss / (Recoveries) for 3 Mos           (         $7536,687431.37)46 (a)

Total Balance (Months 5, 4, 3)                 $264246,117780,892192.8605 (b)

Loss Ratio Annualized  [(a/b) * (12)]          -         0.34391772%

Trigger:  Is Ratio > 1.5%                                                No
                                                                                  Nov-04                                                                                        Dec-04                      Jan-05         Feb-05

B)   Delinquency Trigger:                                                                                                      $537,269.33       $690,030.14              $703,576.64     $950,945.82
     Balance delinquency 60+ days                                                                                              0.65371%          0.90081%                    0.99403%        1.42511%
     As % of Beginning Pool Balance                                                                                          0.68231%          0.71538%                    0.84952%        1.10665%
     Three Month Average

Trigger:  Is Average > 2.0%                                            No


C)   Noteholders Percent Trigger:                           2.0000%
     Ending Reserve Account Balance
     not less than 1% of Initial Aggregate
     Receivables Balance

Trigger:  Is Minimum < 1.0%                                            No

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Filing Compare · NAVISTAR FINANCIAL RETAIL REC CORP 2001 B OWNER TRUST
