CHASE MANHATTAN BANK /NY/
8-K, 2000-04-26
ASSET-BACKED SECURITIES
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                       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: April 17, 2000


                      CHASE CREDIT CARD OWNER TRUST 1999-3
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                             (Issuer of Securities)


                 CHASE MANHATTAN BANK, USA, NATIONAL ASSOCIATION
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             (Exact name of registrant as specified in its charter)


         United States                  333-74303                22-2382028
- ----------------------------    ------------------------    --------------------
(State or other jurisdiction    (Commission File Number)    (IRS Employer
of incorporation)                                           Identification No.)


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

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

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Item 5. Other Events:

         Chase Credit Card Owner Trust 1999-3 is the issuer of three classes of
asset backed notes. The notes were issued under an indenture, dated as of
September 1, 1999, between the trust and The Bank of New York, as Indenture
Trustee.

         On April 17, 2000, The Chase Manhattan Bank, as Paying Agent,
distributed monthly interest to the holders of the notes, and provided to
holders a report including the information required by Section 7.3 of the
Indenture. A copy of the statement provided to the holders of the notes is being
filed as Exhibit 20.1 to this Current Report on Form 8-K.


Item 7(c).    Exhibits

              Exhibits        Description
              --------        ---------------

              20.1            Monthly Statement to Noteholders with respect to
                              the April 17, 2000 distribution.



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                                   SIGNATURES



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


Dated: April 26, 2000

                                    By: THE CHASE MANHATTAN BANK,
                                    USA, NATIONAL ASSOCIATION
                                    as Administrator


                                    By: /s/ Patricia Garvey
                                    -----------------------
                                    Name:  Patricia Garvey
                                    Title: Vice President

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



Exhibit No.                     Description
- -----------                     -----------------
20.1                            Statement to Noteholders dated 4/17/2000


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                                                                    Exhibit 20.1

                      Chase Credit Card Owner Trust 1999-3




Section 7.3 Indenture                   Distribution Date:             4/17/2000
- --------------------------------------------------------------------------------

(I)    Amount of the distribution allocable to principal of the Notes
            Class A Principal Payment                                       0.00
            Class B Principal Payment                                       0.00
            Class C Principal Payment                                       0.00
                      Total

       Amount of the distribution allocable to the principal on the
         Notes per $1,000 of the initial principal balance of
         the Notes
            Class A Principal Payment                                       0.00
            Class B Principal Payment                                       0.00
            Class C Principal Payment                                       0.00
                      Total

(ii)   Amount of the distribution allocable to the interest on
         the Notes
            Class A Note Interest Requirement                       4,717,500.00
            Class B Note Interest Requirement                         279,708.54
            Class C Note Interest Requirement                         430,996.32
                      Total                                         5,428,204.86

       Amount of the distribution allocable to the interest on the
         Notes per $1,000 of the initial principal balance of
         the Notes
            Class A Note Interest Requirement                            5.55000
            Class B Note Interest Requirement                            5.79167
            Class C Note Interest Requirement                            6.37427

(iii)  Aggregate Outstanding Principal Balance of the Notes
            Class A Note Principal Balance                           850,000,000
            Class B Note Principal Balance                            48,295,000
            Class C Note Principal Balance                            67,615,000

(iv)   Amount on deposit in Owner Trust Spread Account             14,488,650.00

(v)    Required Owner Trust Spread Account Amount                  14,488,650.00



                                    By:
                                       -------------------------
                                       Name:  Patricia M. Garvey
                                       Title: Vice President

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