SERVICER'S CERTIFICATE
CHEVY CHASE AUTO RECEIVABLES TRUST 2000-2
6.66% AUTO RECEIVABLES BACKED CERTIFICATES, CLASS A-1
6.80% AUTO RECEIVABLES BACKED CERTIFICATES, CLASS A-2
6.85% AUTO RECEIVABLES BACKED CERTIFICATES, CLASS A-3
6.95% AUTO RECEIVABLES BACKED CERTIFICATES, CLASS A-4
7.30% AUTO RECEIVABLES BACKED CERTIFICATES, CLASS B
7.70% AUTO RECEIVABLES BACKED CERTIFICATES, CLASS C
Payment Date: October 16, 2000
Collection Period: September, 2000
Record Date: October 15, 2000
Under the Sale and Servicing Agreement, dated as of September 1, 2000
Chevy Chase Bank, F.S.B. (as "Seller" and "Servicer"), Chevy Chase Au
Receivables Trust 2000-2 (the "Trust") and U.S. Bank National Associa
as indenture trustee, the Servicer is required to prepare certain inf
each month regarding current distributions to Noteholders and the per
of the Trust during the previous month. The information which is req
prepared with respect to the Payment Date and Collection Period liste
above is set forth below. Certain of the information is presented on
basis of an original principal amount of $1,000 per Note, and certain
information is presented based upon the aggregate amounts for the Tru
as a whole.
A. Information Regarding the Current Monthly Distribution.
1. Class A-1 Notes
(a) The aggregate amount of the distribution
to Class A-1 Noteholders on the Payment Date $ 10,665,002.56
(b) The amount of the distribution set forth
in paragraph (a) above allocable to principal,
including any overdue principal $ 10,438,377.56
(c) The amount of the distribution
set forth in paragraph (a) above allocable
to interest, including any overdue interest $ 226,625.00
(d) The amount of the distribution set forth
in paragraph (a) above, per Class A-1 Note
in a principal amount of $1,000 $ 217.6531135
(e) The amount of the distribution set forth
in paragraph (b) above, per Class A-1 Note
in a principal amount of $1,000 $ 213.0281135
(f) The amount of the distribution set forth
in paragraph (c) above, per Class A-1 Note
in a principal amount of $1,000 $ 4.6250000
2. Class A-2 Notes
(a) The aggregate amount of the distribution
to Class A-2 Noteholders on the Payment Date $ 524,166.67
(b) The amount of the distribution set forth
in paragraph (a) above allocable to principal,
including any overdue principal $ 0.00
(c) The amount of the distribution set forth
in paragraph (a) above allocable to interest,
including any overdue interest $ 524,166.67
(d) The amount of the distribution set forth
in paragraph (a) above, per Class A-2 Note
in a principal amount of $1,000 $ 4.7222223
(e) The amount of the distribution set forth
in paragraph (b) above, per Class A-2 Note
in a principal amount of $1,000 $ 0.0000000
(f) The amount of the distribution set forth
in paragraph (c) above, per Class A-2 Note
in a principal amount of $1,000 $ 4.7222223
3. Class A-3 Notes
(a) The aggregate amount of the distribution
to Class A-3 Noteholders on the Payment Date $ 285,416.67
(b) The amount of the distribution set forth
in paragraph (a) above allocable to principal,
including any overdue principal $ 0.00
(c) The amount of the distribution set forth
in paragraph (a) above allocable to interest,
including any overdue interest $ 285,416.67
(d) The amount of the distribution set forth
in paragraph (a) above, per Class A-3 Note
in a principal amount of $1,000 $ 4.7569445
(e) The amount of the distribution set forth
in paragraph (b) above, per Class A-3 Note
in a principal amount of $1,000 $ 0.0000000
(f) The amount of the distribution set forth in paragraph
(c) above, per Class A-3 Note
in a principal amount of $1,000 $ 4.7569445
4. Class A-4 Notes
(a) The aggregate amount of the distribution
to Class A-4 Noteholders on the Payment Date $ 406,377.12
(b) The amount of the distribution set forth
in paragraph (a) above allocable to principal,
including any overdue principal $ 0.00
(c) The amount of the distribution set forth
in paragraph (a) above allocable to interest,
including any overdue interest $ 406,377.12
(d) The amount of the distribution set forth
in paragraph (a) above, per Class A-4 Note
in a principal amount of $1,000 $ 4.8263889
(e) The amount of the distribution set forth
in paragraph (b) above, per Class A-4 Note
in a principal amount of $1,000 $ 0.0000000
(f) The amount of the distribution set forth
in paragraph (c) above, per Class A-4 Note
in a principal amount of $1,000 $ 4.8263889
5. Class B Notes
(a) The aggregate amount of the distribution
to Class B Noteholders on the Payment Date $ 32,637.08
(b) The amount of the distribution set forth
in paragraph (a) above allocable to principal,
including any overdue principal $ 0.00
(c) The amount of the distribution set forth
in paragraph (a) above allocable to interest,
including any overdue interest $ 32,637.08
(d) The amount of the distribution set forth
in paragraph (a) above, per Class B Note
in a principal amount of $1,000 $ 5.0694439
(e) The amount of the distribution set forth
in paragraph (b) above, per Class B Note
in a principal amount of $1,000 $ 0.0000000
(f) The amount of the distribution set forth
in paragraph (c) above, per Class B Note
in a principal amount of $1,000 $ 5.0694439
6. Class C Notes
(a) The aggregate amount of the distribution to
Class C Noteholders on the Payment Date $ 43,029.10
(b) The amount of the distribution set forth
in paragraph (a) above allocable to principal,
including any overdue principal $ 0.00
(c) The amount of the distribution set forth
in paragraph (a) above allocable to interest, $ 43,029.10
including any overdue interest
(d) The amount of the distribution set forth
in paragraph (a) above, per Class C Note
in a principal amount of $1,000 $ 5.3472226
(e) The amount of the distribution set forth
in paragraph (b) above, per Class C Note
in a principal amount of $1,000 $ 0.0000000
(f) The amount of the distribution set forth
in paragraph (c) above, per Class C Note
in a principal amount of $1,000 $ 5.3472226
7. Note Principal Balances
(a) The Class A-1 Note Principal Balance as of such
Payment Date (after giving effect to
any distribution on such Payment Date) $ 38,561,622.44
(b) The Class A-2 Note Principal Balance as of such
Payment Date (after giving effect to any
distribution on such Payment Date) $ 111,000,000.00
(c) The Class A-3 Note Principal Balance as of such
Payment Date (after giving effect to any
distribution on such Payment Date) $ 60,000,000.00
(d) The Class A-4 Note Principal Balance as of such
Payment Date (after giving effect to any
distribution on such Payment Date) $ 84,199,000.00
(e) The Class B Note Principal Balance as of such
Payment Date (after giving effect to any
distribution on such Payment Date) $ 6,438,000.00
(f) The Class C Note Principal Balance as of such
Payment Date (after giving effect to any
distribution on such Payment Date) $ 8,047,000.00
8. Reserve Account
(a) Reserve Account Withdrawal Amount $ 0.00
(b) The balance of the Reserve Account, after giving
effect to distributions and deposits on such
Payment Date and the change in the balances
from that of the prior Payment Date $ 2,414,280.61
9. Monthly Fees
(a) Monthly Indenture Trustee's Fee $ 420.49
(b) Monthly Servicing Fee $ 223,544.50
(c) Monthly Owner Trustee's Fee $ 333.33
(d) Aggregate of all Purchase Amounts received
on the related Determination Date $ 0.00
(e) Aggregate amount received with respect to
Defaulted Receivables, including Liquidation
Proceeds, during the related Collection Period $ 0.00
10. Delinquencies and Pool Balance.
(a) The aggregate Principal Balance of all Receivables
which were delinquent (1) 30 days or more
or (2) 90 days or more as of the last day of 1. 2,646,747.97
the related Collection Period. 2. 0.00
(b) The Pool Balance as of the end of the related
Collection Period $ 312,637,786.86
(c) The Pool Factor as of the end of the related
Collection Period $ 0.9712141
(d) The Note Principal Balance for each Class of Notes
(after giving effect to any distribution in
respect of principal on such Pay A-1 $ 38,561,622.44
A-2 $ 111,000,000.00
A-3 $ 60,000,000.00
A-4 $ 84,199,000.00
B $ 6,438,000.00
C $ 8,047,000.00
(e) The Note Factor for each Class of Notes on
such Payment Date. A-1 $ 0.7869719
A-2 $ 1.0000000
A-3 $ 1.0000000
A-4 $ 1.0000000
B $ 1.0000000
C $ 1.0000000
Weighted average annual percentage rate (1) 10.88%
Weighted average remaining term to maturity (1) 57.92
(1) Weighted by current balance.
CHEVY CHASE BANK, F.S.B.
Auto Trust 2000-2 Servicer
Mark A. Holles
Group Vice President
