<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________
FORM 8-KCURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: (Date of earliest event reported): May 15, 1996
THE CHASE MANHATTAN BANK (NATIONAL ASSOCIATION)
(Originator of the Trust referred to herein)
(Exact name of registrant as specified in its charter)
CHASE MANHATTAN HOME EQUITY LOAN TRUST 1995-1
(Issuer with respect to Certificates)
United States 33-93570 13-2633612
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1 Chase Manhattan Plaza, New York , NY 10081
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (212) 552-2222
<PAGE> 2
Item 5. Other Events
On May 15, 1996, the Chase Manhattan Home Equity Loan Trust 1995-1 (the
"Trust") made the distribution to Certificateholders contemplated by the Pooling
and Servicing Agreement dated as of September 1, 1995 between The Chase
Manhattan Bank (National Association), as Seller and Servicer and Norwest Bank
Minnesota, National Association, as Trustee (the "Pooling and Servicing
Agreement").
A copy of the Certificateholder Report for such Distribution Date delivered
pursuant to Section 5.03 of the Pooling and Servicing Agreement is being filed
as an exhibit to this Current Report on Form 8-K.
Item 7 (c). Exhibits
20.1 Certificateholder Report dated May 24, 1996 delivered pursuant
to Section 5.03 of the Pooling and Servicing Agreement.
<PAGE> 3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Bank has caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
THE CHASE MANHATTAN BANK
(NATIONAL ASSOCIATION)
/s/William J. Murray
------------------------
By: William J. Murray
Title: Vice President
Dated: May 24, 1996
<PAGE> 4
INDEX TO EXHIBITS
Exhibit Description Page
20.1 Certificateholder Report, dated 5
May 24, 1996, delivered
pursuant to Section 5.03 of the
Pooling and Servicing Agreement
dated as of September 1, 1995
<PAGE> 1
EXHIBIT 20.1
CHASE MANHATTAN HOME EQUITY LOAN TRUST 1995-1
MONTHLY CERTIFICATE HOLDERS REPORT
---------------------
Due Period : 8 Beginning Date : 04/01/1996 End Date :
04/30/1996
Determination Date : 05/10/1996 Remittance Date :
05/15/1996
I. Floating Allocation Percentage
<TABLE>
<CAPTION>
<S> <C>
Beginning % 97.803810925254%
Ending % 97.780140545611%
</TABLE>
II. Cash Received
<TABLE>
<CAPTION>
SERVICER Chase Manhattan Bank, N.A.
<S> <C>
Interest Collected 3,043,209.71
Principal Collected 14,539,872.18
Additional Draw 10,599,406.91
</TABLE>
III. Pool Balance
<TABLE>
<CAPTION>
<S> <C> <C>
Beginning Balance 369,573,768.64 369,573,768.64
Principal Payments 14,696,220.16 14,696,220.16
Prin Pay Rev 156,347.98 156,347.98
Advances 10,599,406.91 10,599,406.91
Advance Rev 0.00 0.00
Liquidation Loss 28,406.90 28,406.90
Ending Balance 365,604,896.47 365,604,896.47
</TABLE>
IV. Interest to Certificateholders
<TABLE>
<CAPTION>
TRANCH Beg. Balance Rate Schduled Int Int Shrtfall
<S> <C> <C> <C> <C> <C> <C>
Disbrsed Int
A-1 323,280,502.53 5.74000000% $ 1,546,358.40 $ 0.00 $
1,546,358.40
A-2 36,147,466.38 5.71000000% $ 172,001.69 $ 0.00 $
172,001.69
TOTAL 359,427,968.91 $ 1,718,360.09 $ 0.00 $
1,718,360.09
SI 8,116,538.73 0.00000000% $ 63,452.75 $ 0.00 $
63,452.75
TOTAL 8,116,538.73 $ 63,452.75 $ 0.00 $
63,452.75
</TABLE>
V. Principal to Certificateholders
<TABLE>
<CAPTION>
TRANCH Beg. Balance Schduled Principal Loss Ending
<S> <C> <C> <C> <C> <C>
Principal Cert. Factor
A-1 323,280,502.53 3,569,163.83 0.00
319,711,338.70 0.8937095
</TABLE>
<PAGE> 2
<TABLE>
<CAPTION>
TRANCH Beg. Balance Schduled Principal Loss Ending
<S> <C> <C> <C> <C> <C>
Principal Cert. Factor
A-2 36,147,466.38 399,084.47 0.00
35,748,381.91 0.8937095
TOTAL 359,427,968.91 3,968,248.30 0.00
355,459,720.61
SI 8,116,538.73 0.00 623.87
8,115,914.86 0.9998608
TOTAL 8,116,538.73 0.00 623.87
8,115,914.86
</TABLE>
VI. Overdue Interest
<TABLE>
<CAPTION>
GROUP Overdue Interest Int. On Overdue Remaining Overdue
<S> <C> <C> <C>
MORTGAGE GROUP ONE 0.00 0.00 0.00
</TABLE>
VII. Invested Amount
<TABLE>
<CAPTION>
GROUP Invested Amount
<S> <C>
MORTGAGE GROUP ONE 357,488,981.61
</TABLE>
<PAGE> 3
MONTHLY CERTIFICATE HOLDERS REPORT
---------------------
Due Period : 8 Beginning Date : 04/01/1996 End Date :
04/30/1996
Determination Date : 05/10/1996 Remittance Date :
05/15/1996
VIII. Liquidation Loss
<TABLE>
<CAPTION>
<S> <C>
Liquidation Loss Amount 28,406.90
Loss Investor Cert. 27,783.03
Reimbursed Amount 0.00
Unreimbursed Amount 0.00
</TABLE>
IX. Servicing Fee
<TABLE>
<CAPTION>
SERVICER Chase Manhattan Bank, N.A.
<S> <C>
Beginning Balance 369,573,768.64
Rate 0.5000%
Servicing Fee 153,989.07
</TABLE>
X. Single Certificate Principal Distribution
<TABLE>
<CAPTION>
TRANCH Orig. Balance Sched. Principal Certificate Value Pr.Dist /
<S> <C> <C> <C> <C> <C>
Cert. A-1 357,735,172.00 3,569,163.83 1,000.00 $
9.9771118675
A-2 40,000,000.00 399,084.47 1,000.00 $
9.9771117500
TOTAL 397,735,172.00 3,968,248.30
SI 8,117,044.57 0.00 1,000.00 $
0.0000000000 TOTAL 8,117,044.57 0.00
</TABLE>
XI. Single Certificate Interest Distribution
<TABLE>
<CAPTION>
TRANCH Orig. Balance Sched. Interest Certificate Value Int.Dist /
<S> <C> <C> <C> <C> <C>
Cert. A-1 357,735,172.00 1,546,358.40 1,000.00 $
4.3226345102 A-2 40,000,000.00 172,001.69 1,000.00 $
4.3000422500
TOTAL 397,735,172.00 1,718,360.09
SI 8,117,044.57 63,452.75 1,000.00 $
7.8172233074
TOTAL 8,117,044.57 63,452.75
</TABLE>
<PAGE> 4
XII. Insured Payment
<TABLE>
<CAPTION>
GROUP Amount
<S> <C>
MORTGAGE GROUP ONE 0.00
</TABLE>
XIII. Transfer Deposit Amount
<TABLE>
<CAPTION>
GROUP Amount
<S> <C>
MORTGAGE GROUP ONE 0.00
</TABLE>
<PAGE> 5
MONTHLY CERTIFICATE HOLDERS REPORT
---------------------
Due Period : 8 Beginning Date : 04/01/1996 End Date :
04/30/1996
Determination Date : 05/10/1996 Remittance Date :
05/15/1996
XIV. Delinquency Information for Due Period
<TABLE>
<CAPTION>
PERIOD Number of Principal Balance
<S> <C> <C>
30 DAYS 73 2,480,673.22
60 DAYS 14 637,910.29
90 DAYS 12 482,896.18
120+ DAYS 4 283,909.22
TOTAL 103 3,885,388.91
FORECLOSR 0 0.00
TOTAL 0 0.00
REO 0 0.00
TOTAL 0 0.00
</TABLE>
XV. Book Value REO Property
<TABLE>
<CAPTION>
GROUP Value
<S> <C>
MORTGAGE GROUP ONE 0.00
</TABLE>
XVI. Servicer Advance
<TABLE>
<CAPTION>
SERVICER Chase Manhattan Bank, N.A.
<S> <C>
Required Advances 0.00
Nonrecoverable Advances 0.00
</TABLE>
