Pricing Supplement No.49L Dated December 11, 1998 Rule 424(b)(2)
(To Prospectus dated August 21, 1998 and File No's. 33-64261
Prospectus Supplement dated August 21, 1998) and 333-56573
THE CHASE MANHATTAN CORPORATION
[X] Senior Medium -Term Notes, Series C Due From Nine
Months to Thirty Years from Date of Issue
[ ] Subordinated Medium Term Notes , Series A Due From
Nine Months to Thirty Years from Date of Issue
Principal Amount: $100,000,000.00
Issue Price: 100%
Commission or Discount:$125,000.00
Proceeds to Company: $99,825,000.00
Agent: PAINE WEBBER
Agent's Capacity: [X] As agent [ ] As principal
If as principal
[ ] The Notes are being offered at varying prices to
prevailing market prices at the time of sale
[ ] The Notes are being offered at a fixed initial public
offering price equal to the Issue Price (as a
percentage of Principal Amount).
Original Issue Date: DECEMBER 16, 1998
Stated Maturity: DECEMBER 15, 2000
Form: [X] Book-entry [ ] Certificated
Currency: U.S. Dollars
[X] Fixed Rate Note:5.15%
[ ]Floating Rate Note: CD[ ] Commercial Paper Rate [ ]
Federal Fund Effective Rate [ ] CMT [ ]
LIBOR Telerate [ ] LIBOR Reuter [ ]
Treasury Rate [ ] Prime Rate [ ]
Initial Interest Rate:
Int.Determ.Dates:
Interest Payment Dates: 15th JUNE & DECEMBER
Interest Reset Dates:
Index Maturity:
Spread (+/-):
Spread Multiplier:
Maximum Interest Rate:
Minimum Interest Rate:
Optional Redemption : Yes [ ] No [X]