CHASE MANHATTAN AUTO OWNER TRUST                                                
SERIES 1998-B                                                   
STATEMENT TO CERTIFICATEHOLDERS                                                 
                                                        
PERIOD  2                                                PAGE    # 1
DETERMINATION:  10-Jun-98                                Beginning        5/1/98
DISTRIBUTION:   15-Jun-98                                Ending          5/31/98
TIME:   6/16/98 10:29                                           
                        CLASS A-1 5.578% MONEY MARKET ASSET BACKED NOTES        
                        CLASS A-2 5.729% ASSET BACKED NOTES                     
                        CLASS A-3 5.750% ASSET BACKED NOTES                     
                        CLASS A-4 5.800% ASSET BACKED NOTES                     
                        CLASS B-1 6.050% ASSET BACKED CERTIFICATES              
                                                        
                                                        

                                                        
                ORIG PRINCIPAL      BEG PRINCIPAL       PRINCIPAL       INTEREST        TOTAL           END PRINCIPAL   
CLASS           BALANCE             BALANCE             DISTRIBUTION    DISTRIBUTION    DISTRIBUTION    BALANCE 
                                                                                                         
A-1 Notes         $250,000,000.00     $206,523,298.87   $33,493,697.73    $991,988.77   $34,485,686.50   $173,029,601.14        
                                                        
A-2 Notes         $200,000,000.00     $200,000,000.00            $0.00    $954,833.33      $954,833.33   $200,000,000.00        
                                                        
A-3 Notes         $321,000,000.00     $321,000,000.00            $0.00  $1,538,125.00    $1,538,125.00   $321,000,000.00        
                                                        
A-4 Notes         $282,800,000.00     $282,800,000.00            $0.00  $1,366,866.67    $1,366,866.67   $282,800,000.00        
                                                        
NOTE TOTALS     $1,053,800,000.00   $1,010,323,298.87   $33,493,697.73  $4,851,813.77   $38,345,511.50   $976,829,601.14        
                                                        
B-1                $32,604,142.65      $32,604,142.65            $0.00    $164,379.22      $164,379.22     $32,604,142.65       
CERT TOTALS        $32,604,142.65      $32,604,142.65            $0.00    $164,379.22      $164,379.22     $32,604,142.65       
TOTALS          $1,086,404,142.65   $1,042,927,441.52   $33,493,697.73  $5,016,192.99   $38,509,890.72  $1,009,433,743.79       
                                                                                                             
                                                        
                                                        
                                                        
             FACTOR   INFORMATION   PER   $1,000                                                
                                                        
                                                        
        PRINCIPAL       INTEREST        END PRINCIPAL                           
CLASS   DISTRIBUTION    DISTRIBUTION    BALANCE                         
                                                                 
A-1     133.97479092    3.96795508        692.11840456                          
                                                        
A-2       0.00000000    4.77416665      1,000.00000000                          
                                                        
A-3       0.00000000    4.79166667      1,000.00000000                          
                                                        
A-4       0.00000000    4.83333335      1,000.00000000                          
                                                        
Totals   31.78373290    4.60411252        926.95919638                          
                                                        
B-1       0.00000000    5.04166669      1,000.00000000                          
Totals    0.00000000    5.04166669      1,000.00000000                          
TOTALS   30.82986930    4.61724398        929.15122850                          



                                                        
                                                        
                                                        
CHASE MANHATTAN AUTO OWNER TRUST                                                
SERIES 1998-B                                                   
STATEMENT TO CERTIFICATEHOLDERS                                                 
                                                        
PERIOD  2                                                     PAGE        # 2
DETERMINATION:  10-Jun-98                                Beginning        5/1/98
DISTRIBUTION:   15-Jun-98                                Ending          5/31/98
TIME:   6/16/98 10:29                                           
                                                        
                                                        
                                                        
                                                                       per $1000
Section 5.8 (iii)       Servicing Fee                 $869,106.20     0.79998425
                                                        
                                                        
Section 5.8 (iv)        Administration Fee              $1,000.00     0.00092047
                                                        
                                                        
                                                                                                                           
Section 5.8 (vi)        Pool Balance at the end of the Collection Period                             $1,009,433,743.79              
                                                        
                                                        
Section 5.8 (vii)       Repurchase Amounts for Repurchased Receivable                                           
                        By Seller               $0.00                   
                        By Servicer             $0.00                   
                        TOTAL                   $0.00                   
                                                        
Section 5.8 (viii)      Realized Net Losses for Collection Period                                            $6,201.40              
                                                        
                                                        
Section 5.8 (ix)        Reserve Account Balance after Disbursement                                      $20,465,518.40              
                                                        
                                                        
Section 5.8 (x)         Specified Reserve Account Balance                                               $30,283,012.31              
                                                        
                                                        
Section 5.8 (xi)        Total Distribution Amount                                                       $41,123,353.89              
                                                        
                        Servicing Fee                                                                      $869,106.20              
                        Administrative Fee                                                                   $1,000.00              
                        Noteholders' Distribution Amount                                                $38,345,511.50              
                        Certificateholders' Distribution Amount                                            $164,379.22              
                        Deposit to Reserve Account                                                       $1,743,356.97              
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
Section 5.8 (xii)       Noteholders' Distributable Amount                                               
                                                        
                                                        
        Class   Principal       Interest        Total           Prin (per $1000/orig)   Int (per $1000/orig)  Total (per $1000/orig)
                                                                                                               
        A-1     $33,493,697.73    $991,988.77   $34,485,686.50        133.97479092              3.96795508            137.94274600 
        A-2              $0.00    $954,833.33      $954,833.33          0.00000000              4.77416665              4.77416665 
        A-3              $0.00  $1,538,125.00    $1,538,125.00          0.00000000              4.79166667              4.79166667 
        A-4              $0.00  $1,366,866.67    $1,366,866.67          0.00000000              4.83333335              4.83333335 
        Total   $33,493,697.73  $4,851,813.77   $38,345,511.50          31.78373290             4.60411252             36.38784542 
                                                        
                                                        
                                                        
                                                        
                                                        
Section 5.8 (xiii)      Certificateholders' Distributable Amount                                                
                                                        
                                                        
        Class   Principal       Interest        Total           Prin (per $1000/orig)   Int (per $1000/orig)  Total (per $1000/orig)
                                                                                                               
        B-1              $0.00    $164,379.22     $164,379.22           0.00000000              5.04166669              5.04166669 
        Total            $0.00    $164,379.22     $164,379.22           0.00000000              5.04166669              5.04166669 
                                                        
                                                        
                                                        
                                                        
Section 5.8 (xiv)       Reserve Fund Transfer Amount            $1,743,356.97                           
                                                        

                                                                                
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