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 (Date of earliest event reported) March 16, 2000
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Chase Funding, Inc.
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(Exact name of registrant as specified in its charter)
New York 333-64131 13-3840732
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
343 Thornall Street, Edison, New Jersey 08837
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (732) 205-0600
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Not applicable
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(Former name or former address, if changed since last report.)
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ITEM 5. Other Events
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Attached as an exhibit are certain Computational Materials (as
defined in the no-action letter dated May 20, 1994 issued by the Securities and
Exchange Commission (the "Commission") to Kidder, Peabody Acceptance Corporation
I, Kidder, Peabody & Co. Incorporated and Kidder Structured Asset Corporation,
as modified by a no-action letter issued by the staff of the Commission on May
27, 1994 to the Public Securities Association (the "PSA") and as further
modified by a no-action letter issued by the staff of the Commission on March 9,
1995 to the PSA) furnished to the Registrant by Chase Securities Inc. (the
"Underwriter") in respect of the Registrant's proposed offering of Chase Funding
Mortgage Loan Asset-Backed Certificates, Series 2000-1 (the "Certificates").
The Certificates will be offered pursuant to a Prospectus and
related Prospectus Supplement (together, the "Prospectus"), which will be filed
with the Commission pursuant to Rule 424 under the Securities Act of 1933, as
amended (the "Act"). The Certificates will be registered pursuant to the Act
under the Registrant's Registration Statement on Form S-3 (No. 333-64131) (the
"Registration Statement"). The Registrant hereby incorporates the Computational
Materials by reference in the Registration Statement.
The Computational Materials were prepared solely by the Underwriter,
and the Registrant did not prepare or participate in the preparation of the
Computation Materials.
Any statement or information contained in the Computational
Materials shall be deemed to be modified or superseded for purposes of the
Prospectus and the Registration Statement by statements or information contained
in the Prospectus.
<PAGE>
ITEM 7. Financial Statements and Exhibits
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(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 2000-1.
<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 17, 2000
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 2000-1.
CHASE FUNDING
MORTGAGE LOAN ASSET-BACKED CERTIFICATES, SERIES 2000-1
$410,000,000 (APPROXIMATE)
Subject to Revision
March 16, 2000 - Addendum to March 13, 2000 Computational Materials
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 has been prepared by CSI in reliance upon information
furnished by the Seller. Such information 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. No assurance can be given as to the
information's accuracy, appropriateness or completeness in any particular
context. 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.
<PAGE>
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.
CLASS IIB CASHFLOWS*
DATE BALANCE PRINCIPAL INTEREST
TOTALS 11,200,000.00 4,311,327.70
PERIOD DATE BALANCE PRINCIPAL INTEREST
0 11,200,000.00 0 0
1 4/25/00 11,200,000.00 0 78,325.33
2 5/25/00 11,200,000.00 0 73,430.00
3 6/25/00 11,200,000.00 0 75,877.67
4 7/25/00 11,200,000.00 0 73,430.00
5 8/25/00 11,200,000.00 0 75,877.67
6 9/25/00 11,200,000.00 0 75,877.67
7 10/25/00 11,200,000.00 0 73,430.00
8 11/25/00 11,200,000.00 0 75,877.67
9 12/25/00 11,200,000.00 0 73,430.00
10 1/25/01 11,200,000.00 0 75,877.67
11 2/25/01 11,200,000.00 0 75,877.67
12 3/25/01 11,200,000.00 0 68,534.67
13 4/25/01 11,200,000.00 0 75,877.67
14 5/25/01 11,200,000.00 0 73,430.00
15 6/25/01 11,200,000.00 0 75,877.67
16 7/25/01 11,200,000.00 0 73,430.00
17 8/25/01 11,200,000.00 0 75,877.67
18 9/25/01 11,200,000.00 0 75,877.67
19 10/25/01 11,200,000.00 0 73,430.00
20 11/25/01 11,200,000.00 0 75,877.67
21 12/25/01 11,200,000.00 0 73,430.00
22 1/25/02 11,200,000.00 0 75,877.67
23 2/25/02 11,200,000.00 0 75,877.67
24 3/25/02 11,200,000.00 0 68,534.67
25 4/25/02 11,200,000.00 0 75,877.67
26 5/25/02 11,200,000.00 0 73,430.00
27 6/25/02 11,200,000.00 0 75,877.67
28 7/25/02 11,200,000.00 0 73,430.00
29 8/25/02 11,200,000.00 0 75,877.67
30 9/25/02 11,200,000.00 0 75,877.67
31 10/25/02 11,200,000.00 0 73,430.00
32 11/25/02 11,200,000.00 0 75,877.67
33 12/25/02 11,200,000.00 0 73,430.00
34 1/25/03 11,200,000.00 0 75,877.67
35 2/25/03 11,200,000.00 0 75,877.67
36 3/25/03 11,200,000.00 0 68,534.67
37 4/25/03 9,813,918.76 1,386,081.24 75,877.67
38 5/25/03 8,121,113.70 1,692,805.06 64,342.50
39 6/25/03 7,907,470.51 213,643.18 55,018.85
40 7/25/03 7,699,413.09 208,057.42 51,843.35
41 8/25/03 7,496,795.95 202,617.14 52,161.92
42 9/25/03 7,299,477.38 197,318.57 50,789.23
43 10/25/03 7,107,319.34 192,158.03 47,857.20
44 11/25/03 6,920,187.41 187,131.94 48,150.61
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.
<PAGE>
45 12/25/03 6,737,950.63 182,236.78 45,370.48
46 1/25/04 6,560,481.45 177,469.17 45,648.21
PERIOD DATE BALANCE PRINCIPAL INTEREST
47 2/25/04 6,387,655.66 172,825.79 44,445.90
48 3/25/04 6,219,352.26 168,303.41 40,483.10
49 4/25/04 6,055,453.38 163,898.88 42,134.82
50 5/25/04 5,895,844.25 159,609.14 39,701.07
51 6/25/04 5,740,413.04 155,431.20 39,943.12
52 7/25/04 5,589,050.87 151,362.17 37,635.58
53 8/25/04 5,441,651.67 147,399.21 37,864.66
54 9/25/04 5,298,112.12 143,539.55 36,866.06
55 10/25/04 5,158,331.59 139,780.52 34,735.75
56 11/25/04 5,022,212.09 136,119.50 34,946.62
57 12/25/04 4,889,658.15 132,553.94 32,926.88
58 1/25/05 4,760,576.79 129,081.36 33,126.42
59 2/25/05 4,634,877.45 125,699.34 32,251.92
60 3/25/05 4,512,499.75 122,377.70 28,361.59
61 4/25/05 4,393,328.62 119,171.13 30,571.25
62 5/25/05 4,277,280.44 116,048.18 28,803.76
63 6/25/05 4,164,273.75 113,006.69 28,977.68
64 7/25/05 4,054,229.22 110,044.53 27,302.02
65 8/25/05 3,947,069.56 107,159.65 27,466.56
66 9/25/05 3,842,719.53 104,350.03 26,740.57
67 10/25/05 3,741,105.81 101,613.72 25,193.83
68 11/25/05 3,642,157.00 98,948.80 25,345.21
69 12/25/05 3,545,803.57 96,353.43 23,878.89
70 1/25/06 3,451,977.79 93,825.79 24,022.08
71 2/25/06 3,360,613.67 91,364.12 23,386.43
72 3/25/06 3,271,646.97 88,966.70 20,564.16
73 4/25/06 3,185,015.12 86,631.86 22,164.73
74 5/25/06 3,100,657.14 84,357.97 20,881.76
75 6/25/06 3,018,513.69 82,143.46 21,006.31
76 7/25/06 2,938,526.93 79,986.76 19,790.13
77 8/25/06 2,860,640.54 77,886.38 19,907.91
78 9/25/06 2,777,199.53 83,441.01 19,380.24
79 10/25/06 2,666,426.40 110,773.13 18,208.01
80 11/25/06 2,558,563.37 107,863.03 18,064.48
81 12/25/06 2,453,534.43 105,028.94 16,774.58
82 1/25/07 2,351,265.54 102,268.90 16,622.18
83 2/25/07 2,251,684.57 99,580.96 15,929.33
84 3/25/07 2,154,721.31 96,963.27 13,778.43
85 4/25/07 2,060,307.33 94,413.97 14,597.79
86 5/25/07 1,968,376.03 91,931.30 13,507.89
87 6/25/07 1,968,376.03 13,335.34
88 7/25/07
89 8/25/07
90 9/25/07
* Run at 27% CPR. The assumptions used here are the same assumptions listed in
the computational materials dated March 13, 2000.
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.
