SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: March 17, 1999
(Date of earliest event reported)
Commission File No. 333-64131
Chase Funding, Inc.
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New York 13-3840732
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(State of Incorporation) (I.R.S. Employer Identification No.)
343 Thornall Street
Edison, New Jersey 08837
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Address of principal executive offices (Zip Code)
(732) 205-0600
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Registrant's Telephone Number, including area code
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(Former name, former address and former fiscal year,
if changed since last report)
<PAGE>
ITEM 5. Other Events
Attached as an exhibit are the Computational Materials (as
defined in the no-action letter dated May 20, 1994 issued by the
Securities and Exchange Commission to Kidder, Peabody Acceptance
Corporation I, Kidder, Peabody & Co. Incorporated and Kidder Structured
Asset Corporation) prepared by Chase Securities Inc. which are hereby
filed pursuant to such letter.
<PAGE>
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Item 601(a)
of Regulation S-K
Exhibit No. Description
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(99) Computational Materials
prepared by Chase Securities Inc., in
connection with Chase Funding
Mortgage Loan Asset-Backed
Certificates, Series 1999-1
<PAGE>
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.
CHASE FUNDING, INC.
Date: March 19, 1999
By: /s/ Eileen Lindblom
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Name: Eileen Lindblom
Title: Vice President
<PAGE>
INDEX TO EXHIBITS
Paper (P) or
Exhibit No. Description Electronic (E)
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(99) Computational Materials E
prepared by Chase Securities Inc.,
in connection with Chase Funding
Mortgage Loan Asset-Backed
Certificates, Series 1999-1
CHASE FUNDING
MORTGAGE LOAN ASSET-BACKED CERTIFICATES, SERIES 1999-1
$365,000,000 (APPROXIMATE)
Subject to Revision
March 17, 1999 - Computational Materials 2
The analysis in this report is based on information provided by Chase Manhattan
Mortgage Corporation (the "Seller"). Chase Securities Inc. ("CSI") makes no
representations as to the accuracy or completeness of the information contained
herein. The information contained herein is qualified in its entirety by the
information in the Prospectus and Prospectus Supplement for this transaction.
The information contained herein is preliminary as of the date hereof,
supersedes any previous information delivered to you by CSI and will be
superseded by the applicable final Prospectus and Prospectus Supplement and any
other information subsequently filed with the Securities and Exchange
Commission. These materials are subject to change, completion, or amendment from
time to time without notice, and CSI is under no obligation to keep you advised
of such changes. These materials are not intended as an offer or solicitation
with respect to the purchase or sale of any security. Any investment decision
with respect to the securities should be made by you based upon the information
contained in the final Prospectus Supplement and Prospectus relating to the
securities. You should consult your own counsel, accountant, and other advisors
as to the legal, tax, business, financial and related aspects of a purchase of
these securities.
The attached information contains certain tables and other statistical analyses
(the "Computational Materials") which have been prepared by CSI in reliance upon
information furnished by the Seller. They may not be provided to any third party
other than the addressee's legal, tax, financial and/or accounting advisors for
the purposes of evaluating said material. Numerous assumptions were used in
preparing the Computational Materials which may or may not be reflected therein.
As such, no assurance can be given as to the Computational Materials' accuracy,
appropriateness or completeness in any particular context; nor as to whether the
Computational Materials and/or the assumptions upon which they are based reflect
present market conditions or future market performance. These Computational
Materials should not be construed as either projections or predictions or as
legal, tax, financial or accounting advice. Any weighted average lives, yields
and principal payment periods shown in the Computational Materials are based on
prepayment assumptions, and changes in such prepayment assumptions may
dramatically affect such weighted average lives, yields and principal payment
periods. In addition, it is possible that prepayments on the underlying assets
will occur at rates slower or faster than the rates shown in the attached
Computational Materials. Furthermore, unless otherwise provided, the
Computational Materials assume no losses on the underlying assets and no
interest shortfalls. The specific characteristics of the securities may differ
from those shown in the Computational Materials due to differences between the
actual underlying assets and the hypothetical underlying assets used in
preparing the Computational Materials. The principal amount and designation of
any security described in the Computational Materials are subject to change
prior to issuance. Neither CSI nor any of its affiliates makes any
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities.
THIS INFORMATION IS FURNISHED TO YOU SOLELY BY CSI AND NOT BY THE ISSUER OF THE
SECURITIES OR ANY OF ITS AFFILIATES (OTHER THAN CSI). CSI IS ACTING AS
UNDERWRITER AND NOT ACTING AS AGENT FOR THE ISSUER IN CONNECTION WITH THE
PROPOSED TRANSACTION.
THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. If YOU DID NOT RECEIVE SUCH A
DISCLAIMER, PLEASE CONTACT YOUR CHASE SECURITIES INC. SALES REPRESENTATIVE
IMMEDIATELY.
[CHASE LOGO]
<PAGE>
CASH FLOW REPORT
BOND: IA-1
<TABLE>
<CAPTION>
TOTALS DATE BALANCE PRINCIPAL INTEREST TOTAL CASH
56,600,000.00 3,860,788.89 60,460,788.89
NUM DATE BALANCE PRINCIPAL INTEREST TOTAL CASH
<S> <C> <C> <C> <C> <C>
0 56,600,000.00 0.00 0.00 0.00
1 25-Apr-99 55,129,331.50 1,470,668.50 282,434.00 1,753,102.50
2 25-May-99 53,396,582.55 1,732,748.95 275,095.36 2,007,844.31
3 25-Jun-99 51,634,263.07 1,762,319.49 266,448.95 2,028,768.43
4 25-Jul-99 49,739,417.61 1,894,845.45 257,654.97 2,152,500.43
5 25-Aug-99 47,590,560.43 2,148,857.18 248,199.69 2,397,056.87
6 25-Sep-99 45,194,084.43 2,396,476.00 237,476.90 2,633,952.90
7 25-Oct-99 42,558,008.22 2,636,076.22 225,518.48 2,861,594.70
8 25-Nov-99 39,943,437.26 2,614,570.95 212,364.46 2,826,935.41
9 25-Dec-99 37,386,526.66 2,556,910.60 199,317.75 2,756,228.36
10 25-Jan-00 34,886,016.08 2,500,510.58 186,558.77 2,687,069.35
11 25-Feb-00 32,440,672.60 2,445,343.48 174,081.22 2,619,424.70
12 25-Mar-00 30,049,290.10 2,391,382.50 161,878.96 2,553,261.46
13 25-Apr-00 27,710,688.68 2,338,601.42 149,945.96 2,488,547.38
14 25-May-00 25,423,714.11 2,286,974.58 138,276.34 2,425,250.91
15 25-Jun-00 23,187,237.23 2,236,476.88 126,864.33 2,363,341.21
16 25-Jul-00 21,000,153.47 2,187,083.76 115,704.31 2,302,788.07
17 25-Aug-00 18,861,382.26 2,138,771.21 104,790.77 2,243,561.97
18 25-Sep-00 16,769,866.55 2,091,515.71 94,118.30 2,185,634.01
19 25-Oct-00 14,724,572.27 2,045,294.28 83,681.63 2,128,975.92
20 25-Nov-00 12,724,487.85 2,000,084.42 73,475.62 2,073,560.04
21 25-Dec-00 10,768,623.72 1,955,864.12 63,495.19 2,019,359.32
22 25-Jan-01 8,856,011.86 1,912,611.86 53,735.43 1,966,347.29
23 25-Feb-01 6,985,705.31 1,870,306.56 44,191.50 1,914,498.06
24 25-Mar-01 5,156,777.69 1,828,927.62 34,858.67 1,863,786.29
25 25-Apr-01 3,368,322.81 1,788,454.88 25,732.32 1,814,187.20
26 25-May-01 1,619,454.19 1,748,868.62 16,807.93 1,765,676.55
27 25-Jun-01 1,619,454.19 8,081.08 1,627,535.26
28 25-Jul-01
</TABLE>
