<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 16, 1999
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
----------------------------------------------------------
(Originator of the Trust referred to herein)
(Exact name of the registrant as specified in its charter)
CHASE MANHATTAN AUTO OWNER TRUST 1998-A
---------------------------------------
(Issuer with respect to Certificates)
<TABLE>
<S> <C> <C>
Delaware 333-7575 13-2633612
- ---------------------------- ------------------------ -------------------
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
</TABLE>
802 Delaware Avenue, Wilmington, Delaware 19801
----------------------------------------- ---------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302) 575-5033
<PAGE>
Item 5. Other Events:
On 3/15/99, Chase Manhattan Auto Owner Trust 1998-A (the "Trust") made
distributions to Certificateholders contemplated by the Sale and Servicing
Agreement, dated as of February 1, 1998, (the "Sale and Servicing Agreement"),
between the Registrant, as Seller and Servicer, and the Trust, as Issuer.
On 4/15/99, Chase Manhattan Auto Owner Trust 1998-A (the "Trust") made
distributions to Certificateholders contemplated by the Sale and Servicing
Agreement, dated as of February 1, 1998, (the "Sale and Servicing Agreement"),
between the Registrant, as Seller and Servicer, and the Trust, as Issuer.
On 5/17/99, Chase Manhattan Auto Owner Trust 1998-A (the "Trust") made
distributions to Certificateholders contemplated by the Sale and Servicing
Agreement, dated as of February 1, 1998, (the "Sale and Servicing Agreement"),
between the Registrant, as Seller and Servicer, and the Trust, as Issuer.
A copy of the Certificateholder Reports for such Distribution Dates
delivered pursuant to section 5.8 of the Sale and Servicing Agreement are being
filed as Exhibits 20.1, 20.2. and 20.3 to this Current Report on Form 8-K.
Item 7(c). Exhibits
Exhibits Description
-------- ---------------
20.1 Monthly Certificateholder's statement with respect
to the March 15, 1999 distribution.
20.2 Monthly Certificateholder's statement with respect
to the April 15, 1999 distribution.
20.3 Monthly Certificateholder's statement with respect
to the May 17, 1999 distribution.
<PAGE>
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: June 18, 1999
By: THE CHASE MANHATTAN BANK,
USA, NATIONAL ASSOCIATION
as Servicer
By: /s/ Patricia Garvey
------------------------------
Name: Patricia Garvey
Title: Vice President
<PAGE>
INDEX TO EXHIBITS
-----------------
Exhibit No. Description
- --------------- -----------------
20.1 Certificateholder Reports dated 3/15/1999 delivered
pursuant to Section 5.8 of the Sale and Servicing
Agreement dated as of February 1, 1998.
20.2 Certificateholder Reports dated 4/15/1999 delivered
pursuant to Section 5.8 of the Sale and Servicing
Agreement dated as of February 1, 1998.
20.3 Certificateholder Reports dated 5/17/1999 delivered
pursuant to Section 5.8 of the Sale and Servicing
Agreement dated as of February 1, 1998.
<PAGE>
- --------------------------------------------------------------------------------
CHASE MANHATTAN AUTO OWNER TRUST
SERIES 1998-A
STATEMENT TO CERTIFICATEHOLDERS
================================================================================
PERIOD 13 PAGE # 1
DETERMINATION: 10-Mar-99 Beginning 2/1/99
DISTRIBUTION: 15-Mar-99 Ending 2/28/99
TIME: 4/13/99 11:54
CLASS A-1 5.549% MONEY MARKET ASSET BACKED NOTES
CLASS A-2 5.679% ASSET BACKED NOTES
CLASS A-3 5.700% ASSET BACKED NOTES
CLASS A-4 5.800% ASSET BACKED NOTES
CLASS B-1 6.000% ASSET BACKED CERTIFICATES
<TABLE>
<CAPTION>
ORIG PRINCIPAL BEG PRINCIPAL PRINCIPAL INTEREST TOTAL END PRINCIPAL
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 Notes $238,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00
A-2 Notes $204,000,000.00 $100,922,096.47 $24,151,829.08 $477,613.82 $24,629,442.90 $76,770,267.39
A-3 Notes $294,000,000.00 $294,000,000.00 $0.00 $1,396,500.00 $1,396,500.00 $294,000,000.00
A-4 Notes $246,000,000.00 $246,000,000.00 $0.00 $1,189,000.00 $1,189,000.00 $246,000,000.00
- ------------------------------------------------------------------------------------------------------------------------------------
NOTE TOTALS $982,000,000.00 $640,922,096.47 $24,151,829.08 $3,063,113.82 $27,214,942.90 $616,770,267.39
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
B-1 $30,620,164.79 $30,620,164.79 $0.00 $153,100.82 $153,100.82 $30,620,164.79
- ------------------------------------------------------------------------------------------------------------------------------------
CERTIFICATE TOTALS $30,620,164.79 $30,620,164.79 $0.00 $153,100.82 $153,100.82 $30,620,164.79
- ------------------------------------------------------------------------------------------------------------------------------------
TOTALS $1,012,620,164.79 $671,542,261.26 $24,151,829.08 $3,216,214.64 $27,368,043.72 $647,390,432.18
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
FACTOR INFORMATION PER $1,000
PRINCIPAL INTEREST END PRINCIPAL
CLASS DISTRIBUTION DISTRIBUTION BALANCE
- --------------------------------------------------------------------------------
A-1 0.00000000 0.00000000 0.00000000
----------------------------------------------------------
A-2 118.39131902 2.34124422 376.32484015
----------------------------------------------------------
A-3 0.00000000 4.75000000 1,000.00000000
----------------------------------------------------------
A-4 0.00000000 4.83333333 1,000.00000000
- --------------------------------------------------------------------------------
Notes Totals 24.59453063 3.11926051 628.07562871
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
B-1 0.00000000 4.99999987 1,000.00000000
- --------------------------------------------------------------------------------
Certificate Totals 0.00000000 4.99999987 1,000.00000000
- --------------------------------------------------------------------------------
TOTALS 23.85082770 3.17613134 639.32208215
- --------------------------------------------------------------------------------
IF THERE ARE ANY QUESTIONS OR COMMENTS, PLEASE CONTACT
THE ADMINISTRATOR LISTED BELOW
================================================================================
KIM COSTA
THE CHASE MANHATTAN BANK - ASPG
450 WEST 33RD STREET, 15TH FLOOR
NEW YORK, NEW YORK 10001
(212) 946-3247
(Copyright) COPYRIGHT 1998, CHASE MANHATTAN BANK
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CHASE MANHATTAN AUTO OWNER TRUST
SERIES 1998-A
STATEMENT TO CERTIFICATEHOLDERS
================================================================================
PERIOD 13 PAGE # 2
DETERMINATION: 10-Mar-99 Beginning 2/1/99
DISTRIBUTION: 15-Mar-99 Ending 2/28/99
TIME: 4/13/99 11:54
<TABLE>
<CAPTION>
per $1000
---------
<S> <C> <C> <C>
Section 5.8 (iii) Servicing Fee $559,618.55 0.55264409
Section 5.8 (iv) Administration Fee $1,000.00 0.00098754
Section 5.8 (vi) Pool Balance at the end of the Collection Period $647,390,432.18
Section 5.8 (vii) Repurchase Amounts for Repurchased Receivable
By Seller $0.00
By Servicer $93,771.27
TOTAL $93,771.27
Section 5.8 (viii) Realized Net Losses for Collection Period $267,887.35
Section 5.8 (ix) Reserve Account Balance after Disbursement $19,421,712.97
Section 5.8 (x) Specified Reserve Account Balance $19,421,712.97
Section 5.8 (xi) Total Distribution Amount $28,661,628.27
Servicing Fee $559,618.55
Administrative Fee $1,000.00
Noteholders' Distribution Amount $27,214,942.90
Certificateholders' Distribution Amount $ 153,100.82
Deposit to Reserve Account $732,966.00
</TABLE>
Section 5.8 (xii) Noteholders' Distributable Amount
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------
Prin Int Total
Class Principal Interest Total (per $1000/orig) (per $1000/orig) (per $1000/orig)
----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 $0.00 $0.00 $0.00 0.00000000 0.00000000 0.00000000
A-2 $24,151,829.08 $477,613.82 $24,629,442.90 118.39131902 2.34124422 120.73256324
A-3 $0.00 $1,396,500.00 $1,396,500.00 0.00000000 4.75000000 4.75000000
A-4 $0.00 $1,189,000.00 $1,189,000.00 0.00000000 4.83333333 4.83333333
----------------------------------------------------------------------------------------------------------------
Total $24,151,829.08 $3,063,113.82 $27,214,942.90 24.59453063 3.11926051 27.71379114
----------------------------------------------------------------------------------------------------------------
</TABLE>
Section 5.8 (xiii) Certificateholders' Distributable Amount
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------
Prin Int Total
Class Principal Interest Total (per $1000/orig) (per $1000/orig) (per $1000/orig)
----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
B-1 $0.00 $153,100.82 $153,100.82 0.00000000 4.99999987 4.99999987
----------------------------------------------------------------------------------------------------------------
Total $0.00 $153,100.82 $153,100.82 0.00000000 4.99999987 4.99999987
----------------------------------------------------------------------------------------------------------------
</TABLE>
Section 5.8 (xiv) Reserve Fund Transfer Amount $ 732,966.00
(Copyright) COPYRIGHT 1998, CHASE MANHATTAN BANK
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CHASE MANHATTAN AUTO OWNER TRUST
SERIES 1998-A
STATEMENT TO CERTIFICATEHOLDERS
================================================================================
PERIOD 14 PAGE # 1
DETERMINATION: 9-Apr-99 Beginning 3/1/99
DISTRIBUTION: 15-Apr-99 Ending 3/31/99
TIME: 6/10/99 17:36
CLASS A-1 5.549% MONEY MARKET ASSET BACKED NOTES
CLASS A-2 5.679% ASSET BACKED NOTES
CLASS A-3 5.700% ASSET BACKED NOTES
CLASS A-4 5.800% ASSET BACKED NOTES
CLASS B-1 6.000% ASSET BACKED CERTIFICATES
<TABLE>
<CAPTION>
ORIG PRINCIPAL BEG PRINCIPAL PRINCIPAL INTEREST TOTAL END PRINCIPAL
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 Notes $238,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00
A-2 Notes $204,000,000.00 $76,770,267.39 $27,498,091.81 $363,315.29 $27,861,407.10 $49,272,175.58
A-3 Notes $294,000,000.00 $294,000,000.00 $0.00 $1,396,500.00 $1,396,500.00 $294,000,000.00
A-4 Notes $246,000,000.00 $246,000,000.00 $0.00 $1,189,000.00 $1,189,000.00 $246,000,000.00
- ------------------------------------------------------------------------------------------------------------------------------------
NOTE TOTALS $982,000,000.00 $616,770,267.39 $27,498,091.81 $2,948,815.29 $30,446,907.10 $589,272,175.58
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
B-1 $30,620,164.79 $30,620,164.79 $0.00 $153,100.82 $153,100.82 $30,620,164.79
- ------------------------------------------------------------------------------------------------------------------------------------
CERTIFICATE TOTALS $30,620,164.79 $30,620,164.79 $0.00 $153,100.82 $153,100.82 $30,620,164.79
- ------------------------------------------------------------------------------------------------------------------------------------
TOTALS $1,012,620,164.79 $647,390,432.18 $27,498,091.81 $3,101,916.11 $30,600,007.92 $619,892,340.37
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
FACTOR INFORMATION PER $1,000
PRINCIPAL INTEREST END PRINCIPAL
CLASS DISTRIBUTION DISTRIBUTION BALANCE
- --------------------------------------------------------------------------------
A-1 0.00000000 0.00000000 0.00000000
------------------------------------------------------------
A-2 134.79456770 1.78095730 241.53027245
------------------------------------------------------------
A-3 0.00000000 4.75000000 1,000.00000000
------------------------------------------------------------
A-4 0.00000000 4.83333333 1,000.00000000
- --------------------------------------------------------------------------------
Notes Totals 28.00213015 3.00286689 600.07349855
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
B-1 0.00000000 4.99999987 1,000.00000000
- --------------------------------------------------------------------------------
Certificate Totals 0.00000000 4.99999987 1,000.00000000
- --------------------------------------------------------------------------------
TOTALS 27.15538636 3.06325730 612.16669579
- --------------------------------------------------------------------------------
IF THERE ARE ANY QUESTIONS OR COMMENTS, PLEASE CONTACT
THE ADMINISTRATOR LISTED BELOW
================================================================================
KIM COSTA
THE CHASE MANHATTAN BANK - ASPG
450 WEST 33RD STREET, 15TH FLOOR
NEW YORK, NEW YORK 10001
(212) 946-3247
(Copyright) COPYRIGHT 1998, CHASE MANHATTAN BANK
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CHASE MANHATTAN AUTO OWNER TRUST
SERIES 1998-A
STATEMENT TO CERTIFICATEHOLDERS
================================================================================
PERIOD 14 PAGE # 2
DETERMINATION: 9-Apr-99 Beginning 3/1/99
DISTRIBUTION: 15-Apr-99 Ending 3/31/99
TIME: 6/10/99 17:36
<TABLE>
<CAPTION>
per $1000
---------
<S> <C> <C> <C>
Section 5.8 (iii) Servicing Fee $539,492.03 0.53276840
Section 5.8 (iv) Administration Fee $1,000.00 0.00098754
Section 5.8 (vi) Pool Balance at the end of the Collection Period $619,892,340.37
Section 5.8 (vii) Repurchase Amounts for Repurchased Receivable
By Seller $0.00
By Servicer $31,390.40
TOTAL $31,390.40
Section 5.8 (viii) Realized Net Losses for Collection Period $345,885.12
Section 5.8 (ix) Reserve Account Balance after Disbursement $18,596,770.21
Section 5.8 (x) Specified Reserve Account Balance $18,596,770.21
Section 5.8 (xi) Total Distribution Amount $32,234,188.65
Servicing Fee $539,492.03
Administrative Fee $1,000.00
Noteholders' Distribution Amount $30,446,907.10
Certificateholders' Distribution Amount $ 153,100.82
Deposit to Reserve Account $1,093,688.70
</TABLE>
Section 5.8 (xii) Noteholders' Distributable Amount
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------
Prin (per Int (per Total
Class Principal Interest Total $1000/orig) $1000/orig) (per $1000/orig)
----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 $0.00 $0.00 $0.00 0.00000000 0.00000000 0.00000000
A-2 $27,498,091.81 $363,315.29 $27,861,407.10 134.79456770 1.78095730 136.57552500
A-3 $0.00 $1,396,500.00 $1,396,500.00 0.00000000 4.75000000 4.75000000
A-4 $0.00 $1,189,000.00 $1,189,000.00 0.00000000 4.83333333 4.83333333
----------------------------------------------------------------------------------------------------------------
Total $27,498,091.81 $2,948,815.29 $30,446,907.10 28.00213015 3.00286689 31.00499705
----------------------------------------------------------------------------------------------------------------
</TABLE>
Section 5.8 (xiii) Certificateholders' Distributable Amount
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------
Prin Int Total
Class Principal Interest Total (per $1000/orig) (per $1000/orig) (per $1000/orig)
----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
B-1 $0.00 $153,100.82 $153,100.82 0.00000000 4.99999987 4.99999987
----------------------------------------------------------------------------------------------------------------
Total $0.00 $153,100.82 $153,100.82 0.00000000 4.99999987 4.99999987
----------------------------------------------------------------------------------------------------------------
</TABLE>
Section 5.8 (xiv) Reserve Fund Transfer Amount $ 1,093,688.70
(Copyright) COPYRIGHT 1998, CHASE MANHATTAN BANK
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CHASE MANHATTAN AUTO OWNER TRUST
SERIES 1998-A
STATEMENT TO CERTIFICATEHOLDERS
================================================================================
PERIOD 15 PAGE # 1
DETERMINATION: 10-May-99 Beginning 4/1/99
DISTRIBUTION: 17-May-99 Ending 4/30/99
TIME: 6/8/99 18:53
CLASS A-1 5.549% MONEY MARKET ASSET BACKED NOTES
CLASS A-2 5.679% ASSET BACKED NOTES
CLASS A-3 5.700% ASSET BACKED NOTES
CLASS A-4 5.800% ASSET BACKED NOTES
CLASS B-1 6.000% ASSET BACKED CERTIFICATES
<TABLE>
<CAPTION>
ORIG PRINCIPAL BEG PRINCIPAL PRINCIPAL INTEREST TOTAL END PRINCIPAL
CLASS BALANCE BALANCE DISTRIBUTION DISTRIBUTION DISTRIBUTION BALANCE
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 Notes $238,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00
A-2 Notes $204,000,000.00 $49,272,175.58 $25,126,844.17 $233,180.57 $25,360,024.74 $24,145,331.41
A-3 Notes $294,000,000.00 $294,000,000.00 $0.00 $1,396,500.00 $1,396,500.00 $294,000,000.00
A-4 Notes $246,000,000.00 $246,000,000.00 $0.00 $1,189,000.00 $1,189,000.00 $246,000,000.00
- -----------------------------------------------------------------------------------------------------------------------------------
NOTE TOTALS $982,000,000.00 $589,272,175.58 $25,126,844.17 $2,818,680.57 $27,945,524.74 $564,145,331.41
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
B-1 $30,620,164.79 $30,620,164.79 $0.00 $153,100.82 $153,100.82 $30,620,164.79
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
CERTIFICATE TOTALS $30,620,164.79 $30,620,164.79 $0.00 $153,100.82 $153,100.82 $30,620,164.79
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
TOTALS $1,012,620,164.79 $619,892,340.37 $25,126,844.17 $2,971,781.39 $28,098,625.56 $594,765,496.20
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
FACTOR INFORMATION PER $1,000
PRINCIPAL INTEREST END PRINCIPAL
CLASS DISTRIBUTION DISTRIBUTION BALANCE
- --------------------------------------------------------------------------------
A-1 0.00000000 0.00000000 0.00000000
----------------------------------------------------------
A-2 123.17080475 1.14304201 118.35946770
----------------------------------------------------------
A-3 0.00000000 4.75000000 1,000.00000000
----------------------------------------------------------
A-4 0.00000000 4.83333333 1,000.00000000
- --------------------------------------------------------------------------------
Notes Totals 25.58741769 2.87034681 574.48608087
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
B-1 0.00000000 4.99999987 1,000.00000000
- --------------------------------------------------------------------------------
Certificate Totals 0.00000000 4.99999987 1,000.00000000
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
TOTALS 24.81369130 2.93474443 587.35300449
- --------------------------------------------------------------------------------
IF THERE ARE ANY QUESTIONS OR COMMENTS, PLEASE CONTACT
THE ADMINISTRATOR LISTED BELOW
- --------------------------------------------------------------------------------
KIM COSTA
THE CHASE MANHATTAN BANK - ASPG
450 WEST 33RD STREET, 15TH FLOOR
NEW YORK, NEW YORK 10001
(212) 946-3247
(Copyright) COPYRIGHT 1998, CHASE MANHATTAN BANK
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CHASE MANHATTAN AUTO OWNER TRUST
SERIES 1998-A
STATEMENT TO CERTIFICATEHOLDERS
================================================================================
PERIOD 15 PAGE # 2
DETERMINATION: 10-May-99 Beginning 4/1/99
DISTRIBUTION: 17-May-99 Ending 4/30/99
TIME: 6/8/99 18:53
<TABLE>
<CAPTION>
per $1000
---------
<S> <C> <C> <C>
Section 5.8 (iii) Servicing Fee $516,576.95 0.51013891
Section 5.8 (iv) Administration Fee $1,000.00 0.00098754
Section 5.8 (vi) Pool Balance at the end of the Collection Period $594,765,496.20
Section 5.8 (vii) Repurchase Amounts for Repurchased Receivable
By Seller $0.00
By Servicer $163,361.46
TOTAL $163,361.46
Section 5.8 (viii) Realized Net Losses for Collection Period $148,844.02
Section 5.8 (ix) Reserve Account Balance after Disbursement $17,842,964.89
Section 5.8 (x) Specified Reserve Account Balance $17,842,964.89
Section 5.8 (xi) Total Distribution Amount $29,755,654.38
Servicing Fee $516,576.95
Administrative Fee $1,000.00
Noteholders' Distribution Amount $27,945,524.74
Certificateholders' Distribution Amount $ 153,100.82
Deposit to Reserve Account $1,139,451.87
</TABLE>
Section 5.8 (xii) Noteholders' Distributable Amount
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------
Prin Int Total
Class Principal Interest Total (per $1000/orig) (per $1000/orig) (per $1000/orig)
----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 $0.00 $0.00 $0.00 0.00000000 0.00000000 0.00000000
A-2 $25,126,844.17 $233,180.57 $25,360,024.74 123.17080475 1.14304201 124.31384676
A-3 $0.00 $1,396,500.00 $1,396,500.00 0.00000000 4.75000000 4.75000000
A-4 $0.00 $1,189,000.00 $1,189,000.00 0.00000000 4.83333333 4.83333333
----------------------------------------------------------------------------------------------------------------
Total $25,126,844.17 $2,818,680.57 $27,945,524.74 25.58741769 2.87034681 28.45776450
----------------------------------------------------------------------------------------------------------------
</TABLE>
Section 5.8 (xiii) Certificateholders' Distributable Amount
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------
Prin Int Total
Class Principal Interest Total (per $1000/orig) (per $1000/orig) (per $1000/orig)
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
B-1 $0.00 $153,100.82 $153,100.82 0.00000000 4.99999987 4.99999987
------------------------------------------------------------------------------------------------------------
Total $0.00 $153,100.82 $153,100.82 0.00000000 4.99999987 4.99999987
------------------------------------------------------------------------------------------------------------
</TABLE>
Section 5.8 (xiv) Reserve Fund Transfer Amount $ 1,139,451.87
(Copyright) COPYRIGHT 1998, CHASE MANHATTAN BANK
- --------------------------------------------------------------------------------
