CHASE FUNDING INC
15-15D, 1997-04-04
ASSET-BACKED SECURITIES
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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                     FORM 15

             Certification and Notice of Termination of Registration
           under Section 12(g) of the Securities Exchange Act of 1934
           or Suspension of Duty to File Reports Under Sections 13 and
                  15(d) of the Securities Exchange Act of 1934.

                         Commission File Number 33-68724

                               Chase Funding, Inc.
             (Exact name of registrant as specified in its charter)

                                 270 Park Avenue
                            New York, New York 10017
                                 (212)834-5316
        
               (Address, including zip code, and telephone number,
        including area code, of registrant's principal executive offices)


      Multi-Class Mortgage Pass-Through Certificates, Series 1996-1:

                   Class A-1, Class A-2, Class A-3, Class A-4,
             Class A-5, Class A-6, Class A-7, Class A-8, Class A-9,
            Class A-10, Class A-R, Class A-RL, Class B-1, Class B-2,
                 Class B-3, Class B-4, Class B-5 and Class B-6

                                      none
       (Titles of all other classes of securities for which a duty to file
                  reports under section 13(a) or 15(d) remains)

       Please place an X in the box(es) to designate the appropriate rule
            provision(s) relied upon to terminate or suspend the duty
                                to file reports:

             Rule 12g-4(a)(1)(i) [ ] Rule 12h-3(b)(1)(ii) [ ]
             Rule 12g-4(a)(1(ii) [ ] Rule 12h-3(b)(2)(i) [ ]
             Rule 12g-4(a)(2)(i) [ ] Rule 12h-3(b)(2)(ii) [ ]
             Rule 12g-4(a)(2)(ii)[ ] Rule 15d-6 [x]
             Rule 12h-3(b)(1)(i) [ ]

           Approximate number of holders of record as of December 31, 1996:
                                      

Multi-Class Mortgage Pass-Through Certificates,             Number of Holders*
Series 1996-1                                                         6
- ------------------------------------------------------------------------------
*     Registrant  has  calculated  the  number of  holders  of  Certificates  in
      reliance  upon  information  obtained  from The  Depositary  Trust Company
      participant position listing.


<PAGE>



                Pursuant to the  requirements of the Securities  Exchange Act of
1934, Chase Funding, Inc. has caused this  certification/notice  to be signed on
its behalf by the undersigned duly authorized person.


                                             CHASE FUNDING, INC.


Date:  April 4, 1997                         By:    /s/ Stephen Fortunato
                                             Name:  Stephen Fortunato
                                             Title: Chief Financial Officer








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