CHASE MANHATTAN BANK USA
8-K, 2000-01-28
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: January 18, 2000

                 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)

        United States                   333-36939                 22-2382082
- ------------------------------  --------------------------  --------------------
(State or other jurisdiction    (Commission File Number)     (IRS Employer
of incorporation)                                            Identification No.)

                      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:

      Chase Manhattan Auto Owner Trust 1998-A is the issuer of 4 classes of
Asset Backed Notes and a single class of Asset Backed Certificates. The notes
and certificates are serviced in accordance with the Sale and Servicing
Agreement, dated as of February 1, 1998, as amended. The parties to the Sale and
Servicing Agreement are: Chase Manhattan Bank USA, National Association, as
seller and as servicer, and Chase Manhattan Owner Trust, as issuer.

      On January 18, 2000, Chase USA, as servicer, distributed monthly interest
to the holders of the notes and certificates. Chase USA furnished a copy of the
monthly statement to certificateholders for each of the series as required by
the Sale and Servicing Agreement. A copy of the monthly statement to
certificateholders 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 Certificateholder with
                                    respect to the January 18, 2000
                                    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: January 28, 2000

                                        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                            Statement to Certificateholders dated 1/18/2000
                                delivered pursuant to Section 5.8 of the Sale
                                and Servicing Agreement dated as of February 1,
                                1998.

<PAGE>
                                                                          Page 1


Chase Manhattan Auto Owner Trust 1998-A

                         Statement to Certificateholders

                                 January 18 2000

<TABLE>
<CAPTION>
   DISTRIBUTION IN DOLLARS
         ORIGINAL           PRIOR                                                                                   CURRENT
         FACE               PRINCIPAL                                                         REALIZED   DEFERRED   PRINCIPAL
CLASS    VALUE              BALANCE           PRINCIPAL       INTEREST        TOTAL           LOSES      INTEREST   BALANCE
<S>      <C>                <C>              <C>              <C>             <C>             <C>         <C>       <C>
A1         238,000,000.00             0.00             0.00           0.00             0.00   0.00        0.00                0.00
A2         204,000,000.00             0.00             0.00           0.00             0.00   0.00        0.00                0.00
A3         294,000,000.00   161,204,840.61    19,600,657.61     765,722.99    20,366,380.60   0.00        0.00      141,604,183.00
A4         246,000,000.00   246,000,000.00             0.00   1,189,000.00     1,189,000.00   0.00        0.00      246,000,000.00
B1          30,620,164.79    30,620,164.79             0.00     153,100.82       153,100.82   0.00        0.00       30,620,164.79
TOTALS   1,012,620,164.79   437,825,005.40   19,600,657.610   2,107,823.81    21,708,481.42   0.00        0.00      418,224,347.79
</TABLE>

<TABLE>
<CAPTION>
    FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                                            PASS-THROUGH RATES
                PRIOR                                                                     CURRENT                      CURRENT
               PRINCIPAL                                                                  PRINCIPAL         CLASS      PASS THRU
CLASS          FACTOR                 PRINCIPAL          INTEREST         TOTAL           FACTOR                       RATE
<S>            <C>                    <C>                <C>               <C>          <C>                  <C>        <C>
A1                  .00000000           .00000000         .00000000         .00000000        .00000000       A1         5.549000 %
A2                  .00000000           .00000000         .00000000         .00000000        .00000000       A2         5.679000 %
A3               548.31578439         66.66890344        2.60449997       69.27340340     481.64688095       A3         5.700000 %
A4             1,000.00000000           .00000000        4.83333333        4.83333333   1,000.00000000       A4         5.800000 %
B1             1,000.00000000           .00000000        4.99999987        4.99999987   1,000.00000000       B1         6.000000 %
TOTALS           432.36844438         19.35637694        2.08155425       21.43793120     413.01206744
</TABLE>

IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
Mark  McDermott
The Chase Manhattan Bank - Structured Finance Services
450 W. 33rd Street, 14th Floor,
New York, New York 10001
Tel: (212) 946-7016
Email: [email protected]

                          (Copyright)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>
                                                                          Page 2


Chase Manhattan Auto Owner Trust 1998-A

                                 January 18 2000

                         STATEMENT TO CERTIFICATEHOLDERS

                                    Due Period                               23
                                    Due Period Beginning Date          12/01/99
                                    Due Period End Date                12/31/99
                                    Determination Date                 01/10/00
<TABLE>
<S>                 <C>                                                              <C>
Section 5.8(iii)    Servicing Fee                                                        364,854.17
Section 5.8(iii)    Servicing Fee per $1000                                              0.36030704

Section 5.8(iv)     Administration Fee                                                     1,000.00
Section 5.8(iv)     Administration Fee per $1000                                         0.00098754

Section 5.8(vi)     Pool Balance at the end of the Collection Period                 418,224,347.79

Section 5.8(vii)    Repurchase Amounts for Repurchased Receivable
                    By Seller                                                                  0.00
                    By Servicer                                                           88,124.56
                    TOTAL                                                                 88,124.56

Section 5.8(viii)   Realized Net Losses for Collection Period                            294,593.26

Section 5.8(ix)     Reserve Account Balance after Disbursement                        12,546,730.43

Section 5.8(x)      Specified Reserve Account Balance                                 12,546,730.43

Section 5.8(xi)     Total Distribution Amount                                         22,451,318.37
                    Servicing Fee                                                        364,854.17
                    Administration Fee                                                     1,000.00
                    Noteholders Distribution Amount                                   21,555,380.60
</TABLE>

                          (Copyright)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>
                                                                          Page 3


Chase Manhattan Auto Owner Trust 1998-A

                                 January 18 2000

<TABLE>
<S>                 <C>                                                                  <C>
                    Certficateholders Distribution Amount                                153,100.82
                    Deposit to Reserve Account                                           376,982.78
</TABLE>

                          (Copyright)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION




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