Delaware		02-6182317
(State or other jurisdiction of organization of the issuing entity)		(I.R.S Employer Identification No.)

c/o American Honda Receivables Corp. 20800 Madrona Avenue Torrance, CA		90503
(Address of principal executive offices of the issuing entity)		(Zip Code)

(310) 972-2511 (Telephone number, including area code)

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes o No x

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o No 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 o

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. x

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act. (Check one):

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No x

Registrant has no voting or non-voting class of common equity outstanding and held by nonaffiliates as of the date of this report.

The following items have been omitted in accordance with General Instruction J to Form 10-K:

Substitute information provided in accordance with General Instruction J to Form 10-K:

No single obligor represents more than 10% of the pool assets held by Honda Auto Receivables 2007-3 Owner Trust (the “Trust”).

Item 1114(b)(2) of Regulation AB. Credit Enhancement and Other Support, Except for Certain Derivatives Instruments (Information Regarding Significant Enhancement Providers).

No entity or group of affiliated entities provides any external credit enhancement or other support with respect to either payment on the pool assets held by the Trust or payments on the notes (the “Notes”) or certificates (the “Certificates”) issued by the Trust.

The aggregate significance percentage related to any entity or group of affiliated entities providing derivative instruments is less than 10%.

No legal proceedings are pending against any of the following companies: American Honda Finance Corporation (the “Sponsor”), American Honda Receivables Corp. (the “Depositor”), The Bank of New York (the “Indenture Trustee”), FDI Computer Consulting, Inc. dba FDI Collateral Management (“FDI”) or the Trust that are or would be material to holders of the Notes or the Certificates.

The following items have been omitted in accordance with General Instruction J to Form 10-K:

Substitute information provided in accordance with General Instruction J to Form 10-K:

The Sponsor is the originator, as contemplated by Item 1110 of Regulation AB, of all of the pool assets owned by the Trust. The Sponsor is also the primary servicer. The Depositor is a wholly-owned subsidiary of the Sponsor and, therefore, a wholly-owned subsidiary of the originator and the primary servicer. Through its purchase of the Certificates, the Depositor has acquired a 100% ownership interest in the Trust; therefore, the Trust is an affiliated party of the Depositor and, indirectly, of the Sponsor (including in its role as originator and primary servicer).

The Indenture Trustee is not affiliated with the Sponsor (including in its role as originator and primary servicer), the Depositor or the Trust. FDI, as a special servicer is likewise not affiliated with the Sponsor (including in its role as originator and primary servicer), the Depositor or the Trust.

Bank of America, N.A., (the “Swap Counterparty”) is the swap counterparty under a swap agreement between the Swap Counterparty and the Trust. The Swap Counterparty is not affiliated with the Sponsor (including in its role as originator and primary servicer), the Depositor or the Trust.

There are no significant obligors, external enhancement or support providers, or other material parties related to the Notes or Certificates.

In addition, there are no business relationships, agreements, arrangements, transactions or understandings outside the ordinary course of business or on terms other than would be obtained in an arm’s length transaction with an unrelated party, apart from the transaction involving the issuance of the Notes and Certificates by the Trust, between the Sponsor, the Depositor or the Trust and any of the parties mentioned in this Item.

Since February 2002, the Sponsor has contracted with FDI’s parent, triVIN, Inc., for FDI to provide certain software-based services to the Sponsor in connection with the titling and registering of vehicles through online services made available by the motor vehicle administrations in various states. This contract was most recently updated in February 2006 to include, among other things, a new fee schedule. The vehicles for which FDI performs these services correspond to approximately 100% of the receivables contained in the asset pool held by the Trust.

The Sponsor (in its role as servicer), the Indenture Trustee and FDI (collectively, the “Servicing Parties”) have each been identified by the registrant as parties participating in the servicing function with respect to the asset pool held by the Trust. Each of the Servicing Parties has completed a report on an assessment of compliance with the servicing criteria applicable to it (each, a “Servicing Report”), which Servicing Reports are attached as exhibits to this Form 10-K. In addition, each of the Servicing Parties has provided an attestation report (each, an “Attestation Report”) by one or more registered public accounting firms, which reports are also attached as exhibits to this Form 10-K. Neither the Servicing Report prepared by FDI, nor the Attestation Report provided by FDI, has identified any material instance of noncompliance with the servicing criteria applicable to FDI.

The Servicing Report prepared by the Sponsor and the related Attestation Report have identified one material instance of noncompliance with the servicing criteria applicable to the Sponsor.

1122(d)(4)(viii) – During the first three quarters of the reporting period, the sponsor in certain cases did not follow up with obligors in late stage delinquencies in accordance with its customary practices as required by the transaction documents.

The following actions were taken in order to remediate this material instance of noncompliance:

With respect to Section 1122(d)(4)(viii), regional training was conducted, and certain procedural checks were added to the Sponsor’s collection procedures. A concerted effort was undertaken to reevaluate and refresh collection policies and efforts. An automated calling system was implemented by February 13, 2008 to assist in early collections and making resources available for late collection efforts.

The Servicing Report prepared by the Indenture Trustee and the related Attestation Report have identified one material instance of noncompliance with the servicing criteria applicable to the Sponsor.

1122(d)(2)(i) – Collections received on assets relating to certain series of securities were not deposited into a segregated account for each specified series, but rather into a general account held by the Indenture Trustee.

The following actions were taken in order to remediate this material instance of noncompliance:

With respect to Section 1122(d)(2)(i), the segregated account for each specified series was in existence prior to such time deposits were to be made into such account. Procedures currently in place were reinforced for transactions for which the noncompliance was noted so that collections are deposited into the segregated account for each specified series within the applicable time frames and are remitted to investors in accordance with the related transaction documents.

Except for these material instances of noncompliance, none the Servicing Reports nor the related Attestation Reports have identified any material instance of noncompliance with the servicing criteria applicable to the Servicing Parties.

The Sponsor (in its role as servicer) and FDI have been identified by the registrant as servicers with respect to the asset pool held by the Trust. Each of the Sponsor and FDI has completed a statement of compliance with applicable servicing criteria (each a “Compliance Statement”), in each case signed by an authorized officer of the Sponsor and FDI, respectively. The Compliance Statements are attached as exhibits to this Form 10-K.

The exhibits listed below are either included or incorporated by reference as indicated:

Exhibit 3.1 – Articles of Incorporation of the Depositor, as last amended on July 31, 2003 and filed with the secretary of state of California on August 12, 2003.

Exhibit 3.2 – Amended and Restated By-laws of the Depositor, in effect since April 1, 2004.

Exhibit 4.1 – Indenture, dated as of August 1, 2007, between Honda Auto Receivables 2007-3 Owner Trust and The Bank of New York., as indenture trustee, incorporated by reference to exhibit 4.1 to Form 8-K dated August 23, 2007, and filed by the registrant on August 28, 2007.

Exhibit 4.2 – Amended and Restated Trust Agreement, dated August 23, 2007, among American Honda Receivables Corp., Citibank, N.A., as owner trustee, and Citigroup Institutional Trust Company, as Delaware Trustee, incorporated by reference to exhibit 4.2 to Form 8-K dated August 23, 2007, and filed by the registrant on August 28, 2007.

Exhibit 31.1 – Certification of senior officer in charge of the servicing function of the servicer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

Exhibit 33.1 – Report on Assessment of Compliance with Servicing Criteria for Asset-Backed Securities of American Honda Finance Corporation.

Exhibit 33.2 – Report on Assessment of Compliance with Servicing Criteria for Asset-Backed Securities of FDI Computer Consulting, Inc., dba FDI Collateral Management.

Exhibit 33.3 – Report on Assessment of Compliance with Servicing Criteria for Asset-Backed Securities of The Bank of New York.

Exhibit 34.1 – Attestation Report on Compliance with Servicing Criteria for Asset-Backed Securities of KPMG LLP, on behalf of American Honda Finance Corporation.

Exhibit 34.2 – Attestation Report on Assessment of Compliance with Servicing Criteria for Asset-Backed Securities of McGladrey & Pullen LLP, on behalf of FDI Computer Consulting, Inc., dba FDI Collateral Management.

Exhibit 34.3 –Attestation Report on Assessment of Compliance with Servicing Criteria for Asset-Backed Securities of KPMG LLP, on behalf of The Bank of New York.

Exhibit 35.1 – Servicing Compliance Statement of American Honda Finance Corporation.

Exhibit 35.2 – Servicing Compliance Statement of FDI Computer Consulting, Inc., dba FDI Collateral Management.

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 2007-3 Owner Trust
	By:
	American Honda Finance Corporation, as Servicer

	By:	/s/ Paul C. Honda
		Paul C. Honda
Date: June 18, 2008		Assistant Vice President, Assistant Secretary and Compliance Officer (senior officer in charge of the servicing function)

Exhibit		Description

Exhibit 3.1		Articles of Incorporation of the Depositor, as last amended on July 31, 2003 and filed with the secretary of state of California on August 12, 2003.

Exhibit 3.2		Amended and Restated By-laws of the Depositor, in effect since April 1, 2004.

Exhibit 4.1		Indenture, dated as of August 1, 2007, between Honda Auto Receivables 2007-3 Owner Trust and The Bank of New York., as indenture trustee, incorporated by reference to exhibit 4.1 to Form 8-K dated August 23, 2007, and filed by the registrant on August 28, 2007.

Exhibit 4.2		Amended and Restated Trust Agreement, dated August 23, 2007, among American Honda Receivables Corp., Citibank, N.A., as owner trustee, and Citigroup Institutional Trust Company, as Delaware Trustee, incorporated by reference to exhibit 4.2 to Form 8-K dated August 23, 2007, and filed by the registrant on August 28, 2007.

Exhibit 31.1		Certification of senior officer in charge of the servicing function of the servicer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

Exhibit 33.1		Report on Assessment of Compliance with Servicing Criteria for Asset-Backed Securities of American Honda Finance Corporation.

Exhibit 33.2		Report on Assessment of Compliance with Servicing Criteria for Asset-Backed Securities of FDI Computer Consulting, Inc., dba FDI Collateral Management.

Exhibit 33.3		Report on Assessment of Compliance with Servicing Criteria for Asset-Backed Securities of The Bank of New York.

Exhibit 34.1		Attestation Report on Compliance with Servicing Criteria for Asset-Backed Securities of KPMG LLP, on behalf of American Honda Finance Corporation.

Exhibit 34.2		Attestation Report on Assessment of Compliance with Servicing Criteria for Asset-Backed Securities of McGladrey & Pullen, LLP, on behalf of FDI Computer Consulting, Inc., dba FDI Collateral Management.

Exhibit 34.3		Attestation Report on Assessment of Compliance with Servicing Criteria for Asset-Backed Securities of KPMG LLP, on behalf of The Bank of New York.

Exhibit 35.1		Servicing Compliance Statement of American Honda Finance Corporation.

Exhibit 35.2		Servicing Compliance Statement of FDI Computer Consulting, Inc., dba FDI Collateral Management.

Title of Each Class		Name of Each Exchange on Which Registered
None		None

Large Accelerated Filer o		Accelerated Filer o
Non-Accelerated Filer x		Smaller Reporting Company o