CHASE MANHATTAN BANK /NY/
8-K, 1998-06-18
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: June 15, 1998


                         CHASE CREDIT CARD MASTER TRUST
            (formerly known as "Chemical Master Credit Card Trust I"),
                Series 1996-4, Series 1997-1, Series 1997-2, Series 1997-4,
                Series 1997-5, Series 1998-2 and Series 1998-3  
           -----------------------------------------------------------
                             (Issuer of Securities)

                 CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
              (formerly known as "The Chase Manhattan Bank (USA)")
                             (Sponsor of the Trust)
             (Exact name of registrant as specified in its charter)



  United States                 33-40006                  22-2382028 
  ---------------            -------------             ---------------
  (State or other            (Commission               (IRS Employer
  jurisdiction of            File Number)              Identification No.)
  incorporation)


         802 Delaware Avenue, Wilmington, Delaware     19801
         -----------------------------------------   ----------
        (Address of principal executive offices)     (Zip Code)


    Registrant's telephone number, including area code:  (302) 575-5050


<PAGE>


Item 5.  Other Events.
         -------------

     On or about June 15, 1998 Monthly Interest as defined in the Pooling 
and Servicing Agreement dated as of October 19, 1995 (the "Agreement")  
between The Chase Manhattan Bank (formerly known as 'Chemical Bank') and  
The Bank of New York, as Trustee (the "Trustee"), was distributed to 
holders ("Certificateholders") of participations in the Chase Credit Card 
Master Trust (formerly known as "Chemical Master Credit Card Trust I") for
Series 1996-4, Series 1997-1, Series 1997-2, Series 1997-4, Series 1997-5,
Series 1998-2 and Series 1998-3 in accordance with the Agreement.  Copies of
the applicable Monthly Reports, as defined in the Agreement, have been 
furnished to Certificateholders in accordance with the Agreement.  Copies of
those Monthly Reports are being filed as Exhibit 20.1 to this Current Report
on Form 8-K.


Item 7(c).  Exhibits
            --------

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

              20.1                 Monthly Reports with respect to the
                                   June 15, 1998 distribution


<PAGE>





                                   SIGNATURES
                                   ----------


     Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                                 THE CHASE MANHATTAN BANK,
                                                 AS SERVICER


                                                 By: /s/Patrick Margey
                                                    ---------------------
                                                 Name:  Patrick Margey
                                                 Title: Vice President

Dated:  June 18, 1998  

<PAGE>

                               INDEX TO EXHIBITS
                               -----------------


           Exhibit No.                 Description
           ----------                  -----------
 
            20.1                  Monthly Reports with respect to the 
                                  June 15, 1998 distribution



<PAGE>
<TABLE>
                                                    Chase Manhattan Bank USA, N.A.
                                                 Monthly Certificateholder's Statement

                                                    Chase Credit Card Master Trust
                                                             Series 1996-4

                                                                                                      Distribution Date:     6/15/98

Section 5.2 - Supplement                                       Class A         Class B       Collateral                 Total
- ------------------------------------------------------------------------------------------------------------------------------------

<S>                                                         <C>                <C>            <C>                 <C> 
(i)   Monthly Principal Distributed                                       0.00           0.00           0.00                    0.00

(ii)  Monthly Interest Distributed                                6,975,645.83     603,402.22     811,331.73            8,390,379.79
      Deficiency Amounts                                                  0.00           0.00                                   0.00
      Additional Interest                                                 0.00           0.00                                   0.00
      Accrued and Unpaid Interest                                                                       0.00                    0.00

(iii) Collections of Principal Receivables                      147,742,008.00  12,311,763.65  15,829,571.21          175,883,342.86

(iv)  Collections of Finance Charge Receivables                  20,540,070.86   1,711,662.79   2,200,731.66           24,452,465.30

(v)   Aggregate Amount of Principal Receivables                                                                    15,728,860,960.30

                                            Investor Interest 1,400,000,000.00 116,666,000.00 150,000,666.67        1,666,666,666.67
                                            Adjusted Interest 1,400,000,000.00 116,666,000.00 150,000,666.67        1,666,666,666.67

                                                 Series
      Floating Investor Percentage                     10.60%            84.00%          7.00%          9.00%                100.00%
      Fixed Investor Percentage                        10.60%            84.00%          7.00%          9.00%                100.00%

(vi)  Receivables Delinquent (As % of Total Receivables)
              Current                                                                                                         95.44%
              30 to 59 days                                                                                                    1.45%
              60 to 89 days                                                                                                    1.04%
              90 or more days                                                                                                  2.07%
                                               Total Receivables                                                             100.00%

(vii) Investor Default Amount                                     8,026,587.01     668,878.43     859,995.29            9,555,460.72

(viii)Investor Charge-Offs                                                0.00           0.00           0.00                    0.00

(ix)  Reimbursed Investor Charge-Offs/Reductions                          0.00           0.00           0.00

(x)   Servicing Fee                                               1,166,666.67      97,221.67     125,000.56            1,388,888.89

(xi)  Portfolio Yield (Net of Defaulted Receivables)                                                                          10.73%

(xii) Reallocated Monthly Principal                                                      0.00           0.00                    0.00

(xiii)Closing Investor Interest (Class A Adjusted)            1,400,000,000.00 116,666,000.00 150,000,666.67        1,666,666,666.67

(xiv) LIBOR                                                                                                                 5.65625%

(xv)  Principal Funding Account Balance                                                                                         0.00

(xvi) Accumulation Shortfall                                                                                                    0.00

(xvii)Principal Funding Investment Proceeds                                                                                     0.00

(xviiiPrincipal Investment Funding Shortfall
                                                                                                                 ===================

(xix) Available Funds                                            19,373,404.19   1,614,441.12   2,075,731.10           23,063,576.42

(xx)  Certificate Rate                                                    5.7863%        6.0063%        6.2813%

- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
                                               Chase Manhattan Bank USA, N.A.
                                           Monthly Certificateholder's Statement

                                               Chase Credit Card Master Trust
                                                       Series 1997-1
<TABLE>

                                                                                                        Distribution Date:   6/15/98

Section 5.2 - Supplement                                    Class A          Class B        Collateral               Total
- ---------------------------------------------------------------------------------------------------------------------------------
<S>                                                       <C>                <C>              <C>                   <C> 
(i)   Monthly Principal Distributed                                    0.00             0.00            0.00                   0.00

(ii)  Monthly Interest Distributed                             5,690,383.68       490,701.56      656,723.97           6,837,809.21
      Deficiency Amounts                                               0.00             0.00                                   0.00
      Additional Interest                                              0.00             0.00                                   0.00
      Accrued and Unpaid Interest                                                                       0.00                   0.00

(iii) Collections of Principal Receivables                   121,359,506.58    10,113,257.04   13,002,839.45         144,475,603.06

(iv)  Collections of Finance Charge Receivables               16,872,201.06     1,406,011.86    1,807,740.72          20,085,953.64

(v)   Aggregate Amount of Principal Receivables                                                                   15,728,860,960.30

                                         Investor Interest 1,150,000,000.00    95,833,000.00  123,214,619.00       1,369,047,619.00
                                         Adjusted Interest 1,150,000,000.00    95,833,000.00  123,214,619.00       1,369,047,619.00

                                                Series
      Floating Investor Percentage                    8.70%           84.00%            7.00%           9.00%                100.00%
      Fixed Investor Percentage                       8.70%           84.00%            7.00%           9.00%                100.00%

(vi)  Receivables Delinquent (As % of Total Receivables)
              Current                                                                                                         95.44%
              30 to 59 days                                                                                                    1.45%
              60 to 89 days                                                                                                    1.04%
              90 or more days                                                                                                  2.07%
                                               Total Receivables                                                             100.00%

(vii) Investor Default Amount                                  6,593,267.90       549,437.08      706,423.47           7,849,128.45

(viii)Investor Charge-Offs                                             0.00             0.00            0.00                   0.00

(ix)  Reimbursed Investor Charge-Offs/Reductions                       0.00             0.00            0.00

(x)   Servicing Fee                                              958,333.33        79,860.83      102,678.85           1,140,873.02

(xi)  Portfolio Yield (Net of Defaulted Receivables)                                                                          10.73%

(xii) Reallocated Monthly Principal                                                     0.00            0.00                   0.00

(xiii)Closing Investor Interest (Class A Adjusted)         1,150,000,000.00    95,833,000.00  123,214,619.00       1,369,047,619.00

(xiv) LIBOR                                                                                                                 5.65625%

(xv)  Principal Funding Account Balance                                                                                        0.00

(xvi) Accumulation Shortfall                                                                                                   0.00

(xvii)Principal Funding Investment Proceeds                                                                                    0.00

(xviiiPrincipal Investment Funding Shortfall
                                                                                                                  ==================

(xix) Available Funds                                         15,913,867.73     1,326,151.03    1,705,061.87          18,945,080.63

(xx)  Certificate Rate                                                 5.7463%          5.9463%         6.3063%

- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
                                               Chase Manhattan Bank USA, N.A.
                                           Monthly Certificateholder's Statement

                                               Chase Credit Card Master Trust
                                                       Series 1997-2
<TABLE>

                                                                                                         Distribution Date: 6/15/98
                                                                                                       
Section 5.2 - Supplement                                  Class A          Class B         Collateral               Total
- ---------------------------------------------------------------------------------------------------------------------------------
<S>                                                     <C>                 <C>              <C>                    <C> 
(i)   Monthly Principal Distributed                                  0.00             0.00             0.00                    0.00

(ii)  Monthly Interest Distributed                           7,875,000.00       458,095.13       619,322.59            8,952,417.71
      Deficiency Amounts                                             0.00             0.00                                     0.00
      Additional Interest                                            0.00             0.00                                     0.00
      Accrued and Unpaid Interest                                                                      0.00                    0.00

(iii) Collections of Principal Receivables                 158,295,008.58     8,994,005.80    12,591,677.24          179,880,691.61

(iv)  Collections of Finance Charge Receivables             22,007,218.77     1,250,406.16     1,750,578.23           25,008,203.16

(v)   Aggregate Amount of Principal Receivables                                                                   15,728,860,960.30

                                    Investor Interest    1,500,000,000.00    85,227,000.00   119,318,455.00        1,704,545,455.00
                                    Adjusted Interest    1,500,000,000.00    85,227,000.00   119,318,455.00        1,704,545,455.00

                                             Series
      Floating Investor Percentage                 10.84%           88.00%            5.00%            7.00%                 100.00%
      Fixed Investor Percentage                    10.84%           88.00%            5.00%            7.00%                 100.00%

(vi)  Receivables Delinquent (As % of Total Receivables)
              Current                                                                                                         95.44%
              30 to 59 days                                                                                                    1.45%
              60 to 89 days                                                                                                    1.04%
              90 or more days                                                                                                  2.07%
                                           Total Receivables                                                                 100.00%

(vii) Investor Default Amount                                8,599,914.65       488,629.95       684,085.69            9,772,630.28

(viii)Investor Charge-Offs                                           0.00             0.00             0.00                    0.00

(ix)  Reimbursed Investor Charge-Offs/Reductions                     0.00             0.00             0.00

(x)   Servicing Fee                                          1,250,000.00        71,022.50        99,432.05            1,420,454.55

(xi)  Portfolio Yield (Net of Defaulted Receivables)                                                                          10.73%

(xii) Reallocated Monthly Principal                                                   0.00             0.00                    0.00

(xiii)Closing Investor Interest (Class A Adjusted)       1,500,000,000.00    85,227,000.00   119,318,455.00        1,704,545,455.00

(xiv) LIBOR                                                                                                                 5.65625%

(xv)  Principal Funding Account Balance                                                                                        0.00

(xvi) Accumulation Shortfall                                                                                                   0.00

(xvii)Principal Funding Investment Proceeds                                                                                    0.00

(xviiiPrincipal Investment Funding Shortfall
                                                                                                                ===================

(xix) Available Funds                                       20,757,218.77     1,179,383.66     1,651,146.18           23,587,748.61

(xx)  Certificate Rate                                               6.3000%          6.4500%          6.1563%

- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
                                                Chase Manhattan Bank USA, N.A.
                                             Monthly Certificateholder's Statement

                                                Chase Credit Card Master Trust
                                                         Series 1997-3
                                                                                                         Distribution Date: 6/15/98
                                                                                                         
Section 5.2 - Supplement                                   Class A          Class B        Collateral              Total
- --------------------------------------------------------------------------------------------------------------------------------

<S>                                                       <C>               <C>              <C>                    <C> 
(i)   Monthly Principal Distributed                                   0.00             0.00            0.00                   0.00

(ii)  Monthly Interest Distributed                            4,235,625.00       107,749.29      147,765.05           4,491,139.34
      Deficiency Amounts                                              0.00             0.00                                   0.00
      Additional Interest                                             0.00             0.00                                   0.00
      Accrued and Unpaid Interest                                                                      0.00                   0.00

(iii) Collections of Principal Receivables                   26,382,501.43     2,198,506.61    2,826,731.80          31,407,739.84

(iv)  Collections of Finance Charge Receivables               3,667,869.80       305,650.93      392,990.95           4,366,511.67

(v)   Aggregate Amount of Principal Receivables                                                                  15,728,860,960.30

                                       Investor Interest    250,000,000.00    20,833,000.00   26,786,048.00         297,619,048.00
                                       Adjusted Interest    250,000,000.00    20,833,000.00   26,786,048.00         297,619,048.00

                                              Series
      Floating Investor Percentage                   1.89%           84.00%            7.00%           9.00%                100.00%
      Fixed Investor Percentage                      1.89%           84.00%            7.00%           9.00%                100.00%

(vi)  Receivables Delinquent (As % of Total Receivables)
              Current                                                                                                        95.44%
              30 to 59 days                                                                                                   1.45%
              60 to 89 days                                                                                                   1.04%
              90 or more days                                                                                                 2.07%
                                             Total Receivables                                                              100.00%

(vii) Investor Default Amount                                 1,433,319.11       119,441.35      153,571.82           1,706,332.27

(viii)Investor Charge-Offs                                            0.00             0.00            0.00                   0.00

(ix)  Reimbursed Investor Charge-Offs/Reductions                      0.00             0.00            0.00

(x)   Servicing Fee                                             208,333.33        17,360.83       22,321.71             248,015.87

(xi)  Portfolio Yield (Net of Defaulted Receivables)                                                                         10.73%

(xii) Reallocated Monthly Principal                                                    0.00            0.00                   0.00

(xiii)Closing Investor Interest (Class A Adjusted)          250,000,000.00    20,833,000.00   26,786,048.00         297,619,048.00

(xiv) LIBOR                                                                                                                 5.65625%

(xv)  Principal Funding Account Balance                                                                                       0.00

(xvi) Accumulation Shortfall                                                                                                  0.00

(xvii)Principal Funding Investment Proceeds                                                                                   0.00

(xviiiPrincipal Investment Funding Shortfall
                                                                                                             ===================

(xix) Available Funds                                         6,295,402.44       288,290.09      370,669.24           6,954,361.77

(xx)  Certificate Rate                                                6.7770%          6.0063%         6.4063%

- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
                                             Chase Manhattan Bank USA, N.A.
                                         Monthly Certificateholder's Statement

                                             Chase Credit Card Master Trust
                                                     Series 1997-4
<TABLE>
                                                                                                   Distribution Date: 6/15/98
Section 5.2 - Supplement                                     Class A        Class B      Collateral            Total
- -------------------------------------------------------------------------------------------------------------------------

<S>                                                      <C>               <C>            <C>                <C> 
(i)   Monthly Principal Distributed                                 0.00           0.00          0.00                  0.00

(ii)  Monthly Interest Distributed                          3,005,062.50     259,032.99    339,408.49          3,603,503.97
      Deficiency Amounts                                            0.00           0.00                                0.00
      Additional Interest                                           0.00           0.00                                0.00
      Accrued and Unpaid Interest                                                                0.00                  0.00

(iii) Collections of Principal Receivables                 63,318,003.43   5,276,500.29  6,784,071.87         75,378,575.59

(iv)  Collections of Finance Charge Receivables             8,802,887.51     733,573.96    943,166.53         10,479,628.00

(v)   Aggregate Amount of Principal Receivables                                                           15,728,860,960.30

                                        Investor Interest 600,000,000.00  50,000,000.00 64,285,715.00        714,285,715.00
                                        Adjusted Interest 600,000,000.00  50,000,000.00 64,285,715.00        714,285,715.00

                                            Series
      Floating Investor Percentage                  4.5412425%     84.00%          7.00%         9.00%               100.00%
      Fixed Investor Percentage                     4.54%          84.00%          7.00%         9.00%               100.00%

(vi)  Receivables Delinquent (As % of Total Receivables)
              Current                                                                                                 95.44%
              30 to 59 days                                                                                            1.45%
              60 to 89 days                                                                                            1.04%
              90 or more days                                                                                          2.07%
                                         Total Receivables                                                           100.00%

(vii) Investor Default Amount                               3,439,965.86     286,663.82    368,567.77          4,095,197.46

(viii)Investor Charge-Offs                                          0.00           0.00          0.00                  0.00

(ix)  Reimbursed Investor Charge-Offs/Reductions                    0.00           0.00          0.00

(x)   Servicing Fee                                           500,000.00      41,666.67     53,571.43            595,238.10

(xi)  Portfolio Yield (Net of Defaulted Receivables)                                                                  10.73%

(xii) Reallocated Monthly Principal                                                0.00          0.00                  0.00

(xiii)Closing Investor Interest (Class A Adjusted)        600,000,000.00  50,000,000.00 64,285,715.00        714,285,715.00

(xiv) LIBOR                                                                                                            5.65625%

(xv)  Principal Funding Account Balance                                                                                0.00

(xvi) Accumulation Shortfall                                                                                           0.00

(xvii)Principal Funding Investment Proceeds                                                                            0.00

(xviiiPrincipal Investment Funding Shortfall
                                                                                                      ===================

(xix) Available Funds                                       8,302,887.51     691,907.29    889,595.10          9,884,389.90

(xx)  Certificate Rate                                              5.8163%        6.0163%       6.2563%

- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
                                              Chase Manhattan Bank USA, N.A.
                                           Monthly Certificateholder's Statement

                                              Chase Credit Card Master Trust
                                                       Series 1997-5
<TABLE>

                                                                                                      Distribution Date: 6/15/98

Section 5.2 - Supplement                                        Class A        Class B       Collateral            Total
- ----------------------------------------------------------------------------------------------------------------------------

<S>                                                         <C>             <C>             <C>                  <C> 
(i)   Monthly Principal Distributed                                   0.00           0.00           0.00                  0.00

(ii)  Monthly Interest Distributed                            2,580,833.33     151,230.58     215,981.60          2,948,045.51
      Deficiency Amounts                                              0.00           0.00                                 0.00
      Additional Interest                                             0.00           0.00           0.00                  0.00
      Accrued and Unpaid Interest                                                                                         0.00

(iii) Collections of Principal Receivables                   52,765,002.86   2,998,001.93   4,197,225.82         59,960,230.61

(iv)  Collections of Finance Charge Receivables               7,335,739.59     416,802.05     583,526.09          8,336,067.73

(v)   Aggregate Amount of Principal Receivables                                                              15,728,860,960.30

                                          Investor Interest 500,000,000.00  28,409,000.00  39,772,819.00        568,181,819.00
                                          Adjusted Interest 500,000,000.00  28,409,000.00  39,772,819.00        568,181,819.00

                                              Series
      Floating Investor Percentage                    3.61%          88.00%          5.00%          7.00%               100.00%
      Fixed Investor Percentage                       3.61%          88.00%          5.00%          7.00%               100.00%

(vi)  Receivables Delinquent (As % of Total Receivables)
              Current                                                                                                    95.44%
              30 to 59 days                                                                                               1.45%
              60 to 89 days                                                                                               1.04%
              90 or more days                                                                                             2.07%
                                            Total Receivables                                                           100.00%

(vii) Investor Default Amount                                 2,866,638.22     162,876.65     228,028.57          3,257,543.43

(viii)Investor Charge-Offs                                            0.00           0.00           0.00                  0.00

(ix)  Reimbursed Investor Charge-Offs/Reductions                      0.00           0.00           0.00

(x)   Servicing Fee                                             416,666.67      23,674.17      33,144.02            473,484.85

(xi)  Portfolio Yield (Net of Defaulted Receivables)                                                                     10.73%

(xii) Reallocated Monthly Principal                                                  0.00           0.00                  0.00

(xiii)Closing Investor Interest (Class A Adjusted)          500,000,000.00  28,409,000.00  39,772,819.00        568,181,819.00

(xiv) LIBOR                                                                                                               5.65625%

(xv)  Principal Funding Account Balance                                                                                   0.00

(xvi) Accumulation Shortfall                                                                                              0.00

(xvii)Principal Funding Investment Proceeds                                                                               0.00

(xviiiPrincipal Investment Funding Shortfall
                                                                                                         ===================

(xix) Available Funds                                         6,919,072.92     393,127.89     550,382.07          7,862,582.88

(xx)  Certificate Rate                                                6.19400%       6.38800%       6.30625%

- ----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
                                              Chase Manhattan Bank USA, N.A.
                                           Monthly Certificateholder's Statement

                                              Chase Credit Card Master Trust
                                                       Series 1998-2
<TABLE>

                                                                                                         Distribution Date: 6/15/98

Section 5.2 - Supplement                                   Class A          Class B        Collateral              Total
- --------------------------------------------------------------------------------------------------------------------------------

<S>                                                         <C>              <C>             <C>                <C> 
(i)   Monthly Principal Distributed                                   0.00             0.00            0.00                   0.00

(ii)  Monthly Interest Distributed                            3,986,668.89       339,059.11      451,530.11           4,777,258.11
      Deficiency Amounts                                              0.00             0.00                                   0.00
      Additional Interest                                             0.00             0.00                                   0.00
      Accrued and Unpaid Interest                                                                      0.00                   0.00

(iii) Collections of Principal Receivables                   84,424,004.57     7,035,263.36    9,045,499.48         100,504,767.42

(iv)  Collections of Finance Charge Receivables              11,737,183.35       978,088.83    1,257,565.15          13,972,837.33

(v)   Aggregate Amount of Principal Receivables                                                                  15,728,860,960.30

                                          Investor Interest 800,000,000.00    66,666,000.00   85,714,953.00         952,380,953.00
                                          Adjusted Interezt 800,000,000.00    66,666,000.00   85,714,953.00         952,380,953.00

                                              Series
      Floating Investor Percentage                   6.05%           84.00%            7.00%           9.00%                100.00%
      Fixed Investor Percentage                      6.05%           84.00%            7.00%           9.00%                100.00%

(vi)  Receivables Delinquent (As % of Total Receivables)
              Current                                                                                                        95.44%
              30 to 59 days                                                                                                   1.45%
              60 to 89 days                                                                                                   1.04%
              90 or more days                                                                                                 2.07%
                                             Total Receivables                                                              100.00%

(vii) Investor Default Amount                                 4,586,621.15       382,214.61      491,427.52           5,460,263.27

(viii)Investor Charge-Offs                                            0.00             0.00            0.00                   0.00

(ix)  Reimbursed Investor Charge-Offs/Reductions                      0.00             0.00            0.00

(x)   Servicing Fee                                             666,666.67        55,555.00       71,429.13             793,650.79

(xi)  Portfolio Yield (Net of Defaulted Receivables)                                                                         10.73%

(xii) Reallocated Monthly Principal                                                    0.00            0.00                   0.00

(xiii)Closing Investor Interest (Class A Adjusted)          800,000,000.00    66,666,000.00   85,714,953.00         952,380,953.00

(xiv) LIBOR                                                                                                               5.65625%

(xv)  Principal Funding Account Balance                                                                                       0.00

(xvi) Accumulation Shortfall                                                                                                  0.00

(xvii)Principal Funding Investment Proceeds                                                                                   0.00

(xviiiPrincipal Investment Funding Shortfall
                                                                                                                ===================

(xix) Available Funds                                        11,070,516.68       922,533.83    1,186,136.02          13,179,186.53

(xx)  Certificate Rate                                                5.78710%         5.90625%        6.13125%

- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
                                              Chase Manhattan Bank USA, N.A.
                                           Monthly Certificateholder's Statement

                                              Chase Credit Card Master Trust
                                                       Series 1998-3
<TABLE>

                                                                                                      Distribution Date: 6/15/98

Section 5.2 - Supplement                                        Class A        Class B       Collateral            Total
- ----------------------------------------------------------------------------------------------------------------------------

<S>                                                         <C>             <C>             <C>             <C> 
(i)   Monthly Principal Distributed                                   0.00           0.00           0.00                  0.00

(ii)  Monthly Interest Distributed                            3,800,000.00     221,300.92     324,065.41          4,345,366.32
      Deficiency Amounts                                              0.00           0.00                                 0.00
      Additional Interest                                             0.00           0.00           0.00                  0.00
      Accrued and Unpaid Interest                                                                                         0.00

(iii) Collections of Principal Receivables                   49,208,860.68   2,795,883.43   3,914,415.76         55,919,159.88

(iv)  Collections of Finance Charge Receivables               6,802,772.67     386,510.87     541,139.95          7,730,423.49

(v)   Aggregate Amount of Principal Receivables                                                              15,634,653,099.96

                                          Investor Interest 600,000,000.00  34,090,000.00  47,728,182.00        681,818,182.00
                                          Adjusted Interest 600,000,000.00  34,090,000.00  47,728,182.00        681,818,182.00

                                              Series
      Floating Investor Percentage                    4.36%          88.00%          5.00%          7.00%               100.00%
      Fixed Investor Percentage                       4.36%          88.00%          5.00%          7.00%               100.00%

(vi)  Receivables Delinquent (As % of Total Receivables)
              Current                                                                                                    95.44%
              30 to 59 days                                                                                               1.45%
              60 to 89 days                                                                                               1.04%
              90 or more days                                                                                             2.07%
                                            Total Receivables                                                           100.00%

(vii) Investor Default Amount                                 1,545,589.32      87,815.23     122,946.95          1,756,351.51

(viii)Investor Charge-Offs                                            0.00           0.00           0.00                  0.00

(ix)  Reimbursed Investor Charge-Offs/Reductions                      0.00           0.00           0.00

(x)   Servicing Fee                                             416,666.67      23,673.61      33,144.57            473,484.85

(xi)  Portfolio Yield (Net of Defaulted Receivables)                                                                     13.14%

(xii) Reallocated Monthly Principal                                                  0.00           0.00                  0.00

(xiii)Closing Investor Interest (Class A Adjusted)          600,000,000.00  34,090,000.00  47,728,182.00        681,818,182.00

(xiv) LIBOR                                                                                                               5.65234%

(xv)  Principal Funding Account Balance                                                                                   0.00

(xvi) Accumulation Shortfall                                                                                              0.00

(xvii)Principal Funding Investment Proceeds                                                                               0.00

(xviiiPrincipal Investment Funding Shortfall
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(xix) Available Funds                                         6,826,106.00     387,836.59     542,996.05          7,756,938.64

(xx)  Certificate Rate                                                6.00000%       6.15000%       6.30234%

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