CHASE
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 November 17, 1997, interest earned and principal paid on the underlying
collateral for the month of October, 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 21.330060 21.330060
2) Interest Distributed 5.240473 5.445179
3) Fees Paid to Servicer 276,557.79 10,030.59
Per Certificate 0.0008188 0.0008188
4) a) Pool Balance after this payment 324,665,119.75 11,775,418.85
b) Pool Factor 0.9612587 0.9612587
5) Proceeds received during the period
from physical damage insurance 0.00
6) Reserve Fund Ending Balance 4,159,050.12
% of Pool Balance 1.24%
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 1,672,379.32
Change from Previous Month (48,976.02)
This Month 1,623,403.30
11) Ending Certificate Balance 324,665,119.75 11,775,418.85
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) 25,215.96
Change from preceding period 25,215.96
14) Amount due Class B but paid to Class A (subordination) 0.00
15) Remaining Pre-funded Amount on deposit in the 0.00
Pre-funding Account
16) Negative Carry Amount 214,111.17