CHASE [LOGO]
450 West 33rd Street
New York, NY 10001
FLEETWOOD CREDIT RECEIVABLES CORP.
FLEETWOOD CREDIT 1997-B GRANTOR TRUST
$337,750,000 6.40% ASSET BACKED CERTIFICATES, CLASS A
$ 12,250,000 6.65% ASSET BACKED CERTIFICATES, CLASS B
On October 15, 1997, interest earned and principal paid on the underlying
collateral for the month of September, 1997 were paid to you by The
Chase Manhattan Bank, in its capacity as Trustee for the above referenced
issue. The following information is being provided pursuant to
section 14.11 of the Pooling and Servicing Agreement Dated as of
September 1, 1997. The payment per $1,000 of original issuance of your
holdings is allocated as follows:
CLASS A CLASS B
1) Principal Distributed 17.411258 17.411258
2) Interest Distributed 5.333333 5.541667
3) Fees Paid to Servicer 281,458.33 10,208.33
Per Certificate 0.0008333 0.0008333
4) a) Pool Balance after this payment 331,869,347.54 12,036,712.09
b) Pool Factor 0.9825887 0.9825887
5) Proceeds received during the period
from physical damage insurance 0.00
6) Reserve Fund Ending Balance 3,377,301.12
% of Pool Balance 0.98%
7) Servicer Letter of Credit Amount N/A
% of Pool Balance N/A
8) Proceeds received during the period from
dealer repurchase obligations relating to
defaulted receivables 0.00
9) a) Aggregate amount of Paid-Ahead Receivables N/A
b) Aggregate amount of unreimbursed Advances
with respect to Paid-Ahead Receivables N/A
c) Change from Previous Month N/A
10) Aggregate unreimbursed Advances
Prior Month 1,523,321.26
Change from Previous Month (46,752.31)
This Month 1,476,568.95
11) Ending Certificate Balance 331,869,347.54 12,036,712.09
12) Class A Principal Carryover Shortfall 0.00
Change from preceding period 0.00
Class A Interest Carryover Shortfall 0.00
Change from preceding period 0.00
Class B Principal Carryover Shortfall 0.00
Change from preceding period 0.00
Class B Interest Carryover Shortfall 0.00
Change from preceding period 0.00
13) Realized Losses (since inception) 0.00
Change from preceding period 0.00
14) Amount due Class B but paid to Class A (subordination) 0.00
15) Remaining Pre-funded Amount on deposit in the 38,154,197.60
Pre-funding Account
16) Negative Carry Amount 35,645.03