CHASE FUNDING INC
8-K, 2000-10-13
ASSET-BACKED SECURITIES
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<PAGE>

                       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): September 28, 2000
                                                        ------------------


                               Chase Funding, Inc.
--------------------------------------------------------------------------------
                 (Exact name of registrant specified in Charter)

      New York                     333-89425                     13-3840732
--------------------------------------------------------------------------------
  (State or other                 (Commission                  (IRS Employer
  jurisdiction of                 File Number)              Identification No.)
   incorporation)

           300 Tice Boulevard
            Woodcliff Lake, NJ                                       07675
--------------------------------------------------------------------------------
 (Address of principal executive offices)                          Zip Code

           Registrant's telephone, including area code: (201) 782-9084

                                 Not Applicable
--------------------------------------------------------------------------------
         (Former name and former address, if changed since last report)


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ITEM 5.           Other Events

                  Acquisition or Disposition of Assets: General

                  On September 28, 2000, Chase Funding, Inc. issued its Chase
Funding Mortgage Loan Asset-Backed Certificates, Series 2000-3, such series
representing interests in a pool of fixed rate and adjustable rate sub-prime
one- to four-family mortgage loans. Capitalized terms used herein and not
otherwise defined shall have the meanings assigned to them in the prospectus
dated September 22, 2000, as supplemented by the prospectus supplement dated
September 22, 2000 (together, the "Prospectus").

                  The Group I Certificates consist of the Class IA-1
Certificates, the Class IA-2 Certificates, the Class IA-3 Certificates, the
Class IA-4 Certificates, the Class IA-5 Certificates and the Class IA-6
Certificates, the Class IM-1 Certificates, the Class IM-2 Certificates and the
Class IB Certificates. The Group II Certificates consist of the Class IIA-1
Certificates, the Class IIM-1 Certificates, the Class IIM-2 Certificates and the
Class IIB Certificates.

                  The Trust Fund consists of the Mortgage Pool secured by liens
on real property and certain other property described in the Prospectus. The
Mortgage Pool is divided into two separate groups of Mortgage Loans based on
whether the interest rate for the related Mortgage Loan is fixed or adjustable.
The Group I Certificates represent an undivided ownership interest in the Fixed
Rate Mortgage Loans and the Group II Certificates represent an undivided
interest in the Adjustable Rate Mortgage Loans.

                  Attached as Exhibit 99 are tables which reflect certain
statistical data regarding the final Mortgage Pool. The attached tables describe
the Mortgage Loans and the related Mortgaged Properties as of the later of the
Cut-off Date or the origination date of the Mortgage Loan, as applicable.



                                       -2-

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ITEM 7.           Financial Statements and Exhibits

                  (c) Exhibits

Item 601(a)
of Regulation S-K
Exhibit No.                  Description
-----------                  -----------

(4)                          Pooling and Servicing Agreement among Chase
                             Funding, Inc., Chase Manhattan Mortgage
                             Corporation, Advanta Mortgage Corp. USA and
                             Citibank, N.A., dated as of September 1, 2000, for
                             Chase Funding Mortgage Loan Asset-Backed
                             Certificates, Series 2000-3.

(99)                         Statistical information regarding the Mortgage
                             Loans and the related Mortgaged Properties.




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<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:    September 28, 2000
         ------------------
                                               By:     /s/ Eileen A. Lindblom
                                                       ------------------------
                                               Name:   Eileen A. Lindblom
                                               Title:  Vice President











                                       -4-

<PAGE>


                                INDEX TO EXHIBITS



Exhibit No.                    Description
-----------                    -----------

      (4)                      Pooling and Servicing Agreement among Chase
                               Funding, Inc., Chase Manhattan Mortgage
                               Corporation, Advanta Mortgage Corp. USA
                               and Citibank, N.A., dated as of September 1,
                               2000, for Chase Funding Mortgage Loan Asset-
                               Backed Certificates, Series 2000-3.

      (99)                     Statistical information regarding the Mortgage
                               Loans and the related Mortgaged Properties.









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