Pricing Supplement No.48L Dated December 9, 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: $35,000,000.00
Issue Price: 100%
Commission or Discount:$43,750.00
Proceeds to Company: $34,956,250.00
Agent: SALOMON BROTHERS
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 17, 1998
Stated Maturity: DECEMBER 15, 2000
Form: [X] Book-entry [ ] Certificated
Currency: U.S. Dollars
[ ] Fixed Rate Note:
[X]Floating Rate Note: CD[ ] Commercial Paper Rate [ ]
Federal Fund Effective Rate [ ] CMT [ ]
LIBOR Telerate [X] LIBOR Reuter [ ]
Treasury Rate [ ] Prime Rate [ ]
Initial Interest Rate:
Int.Determ.Dates: Two Business days prior to Reset Dates
Interest Payment Dates: 17th day of MAR. JUNE, SEPT & DEC. or next
good business day
Interest Reset Dates: 17th day of MAR. JUNE, SEPT & DEC. or next
good business day
Index Maturity:3 MTH LIBOR
Spread (+/-): +22BPS
Spread Multiplier:
Maximum Interest Rate:
Minimum Interest Rate:
Optional Redemption : Yes [ ] No [X]
