<PAGE> 1
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 26, 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 June 17, 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 with respect to the distributions
to Certificateholders on June 17, 1996 pursuant to Section
5.03 of the Pooling and Servicing Agreement.
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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: June 26, 1996
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INDEX TO EXHIBITS
Exhibit Description Page
20.1 Certificateholder Report with 5
respect to the distributions to
Certificateholders on June 17,
1996 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 : 9 Beginning Date : 05/01/1996 End Date: 05/31/1996
Determination Date : 06/12/1996 Remittance Date: 06/17/1996
CHASE HOME EQUITY LOAN TRUST, Series 1995-1
I. Floating Allocation Percentage
<TABLE>
<S> <C>
Beginning % 97.780140545611%
Ending % 97.723087729342%
<CAPTION>
II. Cash Received
SERVICER Chase Manhattan Bank, N.A.
<S> <C>
Interest Collected 3,107,098.79
Principal Collected 16,600,879.76
Additional Draw 7,439,881.66
<CAPTION>
III. Pool Balance
<S> <C> <C>
Beginning Balance 365,604,896.47 365,604,896.47
Principal Payments 16,659,881.10 16,659,881.10
Prin Pay Rev 59,001.34 59,001.34
Advances 7,440,332.80 7,440,332.80
Advance Rev 451.14 451.14
Liquidation Loss 0.00 0.00
Ending Balance 356,443,898.37 356,443,898.37
<CAPTION>
IV. Interest to Certificateholders
TRANCH Beg. Balance Rate Schduled Int Int Shrtfall Disbrsed Int
<S> <C> <C> <C> <C> <C>
A-1 319,711,338.70 5.66969000% $ 1,661,608.83 $ 0.00 $ 1,661,608.83
A-2 35,748,381.91 5.68000000% $ 186,129.91 $ 0.00 $ 186,129.91
TOTAL 355,459,720.61 $ 1,847,738.74 $ 0.00 $ 1,847,738.74
SI 8,115,914.86 0.00000000% $ 65,192.02 $ 0.00 $ 65,192.02
TOTAL 8,115,914.86 $ 65,192.02 $ 0.00 $ 65,192.02
</TABLE>
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V. Principal to Certificateholders
<TABLE>
<CAPTION>
TRANCH Beg. Balance Schduled Principal Recovered Loss Ending Principal Cert. Factor
<S> <C> <C> <C> <C> <C>
A-1 319,711,338.70 8,239,681.73 0.00 311,471,656.97 0.8706766
A-2 35,748,381.91 921,316.37 0.00 34,827,065.54 0.8706766
TOTAL 355,459,720.61 9,160,998.10 0.00 346,298,722.51
SI 8,115,914.86 0.00 399.57 8,115,914.86 0.9998608
TOTAL 8,115,914.86 0.00 399.57 8,115,914.86
<CAPTION>
VI. Overdue Interest
GROUP Overdue Interest Int. On Overdue Remaining Overdue
<S> <C> <C> <C>
MORTGAGE GROUP ONE 0.00 0.00 0.00
<CAPTION>
VII. Invested Amount
GROUP Invested Amount
<S> <C>
MORTGAGE GROUP ONE 348,327,983.51
</TABLE>
Due Period: 9 Beginning Date: 05/01/1996 End Date: 05/31/1996
Determination Date: 06/12/1996 Remittance Date: 06/17/1996
<TABLE>
<CAPTION>
VIII. Liquidation Loss
<S> <C>
Liquidation Loss Amount 0.00
Loss Investor Cert. 0.00
Reimbursed Amount 0.00
Unreimbursed Amount 0.00
<CAPTION>
IX. Loss Recovery
<S> <C>
Total Amount 18,000.00
<CAPTION>
X. Servicing Fee
SERVICER Chase Manhattan Bank, N.A.
<S> <C>
Beginning Balance 365,604,896.47
Rate 0.5000%
Servicing Fee 152,335.37
<CAPTION>
XI. Single Certificate Principal Distribution
TRANCH Orig. Balance Sched. Principal Certificate Value Pr.Dist / Cert.
<S> <C> <C> <C> <C>
A-1 357,735,172.00 8,239,681.73 1,000.00 $ 23.0329091879
A-2 40,000,000.00 921,316.37 1,000.00 $ 23.0329092500
TOTAL 397,735,172.00 9,160,998.10
SI 8,117,044.57 0.00 1,000.00 $ 0.0000000000
TOTAL 8,117,044.57 0.00
</TABLE>
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<TABLE>
<CAPTION>
XII. Single Certificate Interest Distribution
TRANCH Orig. Balance Sched. Interest Certificate Value Int.Dist / Cert.
<S> <C> <C> <C> <C>
A-1 357,735,172.00 1,661,608.83 1,000.00 $ 4.6448014063
A-2 40,000,000.00 186,129.91 1,000.00 $ 4.6532477500
TOTAL 397,735,172.00 1,847,738.74
SI 8,117,044.57 65,192.02 1,000.00 $ 8.0314971093
TOTAL 8,117,044.57 65,192.02
<CAPTION>
XIII. Insured Payment
GROUP Amount
<S> <C>
MORTGAGE GROUP ONE 0.00
<CAPTION>
XIV. Transfer Deposit Amount
GROUP Amount
<S> <C>
MORTGAGE GROUP ONE 0.00
</TABLE>
Due Period: 9 Beginning Date: 05/01/1996 End Date: 05/31/1996
Determination Date: 06/12/1996 Remittance Date: 06/17/1996
<TABLE>
<CAPTION>
XV. Delinquency Information for Due Period
PERIOD Number of Principal Balance
<S> <C> <C>
30 DAYS 68 2,176,464.32
60 DAYS 17 559,996.34
90 DAYS 4 153,542.21
120+ DAYS 11 510,405.48
TOTAL 100 3,400,408.35
FORECLOSR 0 0.00
TOTAL 0 0.00
REO 0 0.00
TOTAL 0 0.00
<CAPTION>
XVI. Book Value REO Property
GROUP Value
<S> <C>
MORTGAGE GROUP ONE 0.00
<CAPTION>
XVII. Servicer Advance
SERVICER Chase Manhattan Bank, N.A.
<S> <C>
Required Advances 0.00
Nonrecoverable Advances 0.00
</TABLE>
