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 (C) COPYRIGHT 1998, CHASE MANHATTAN BANK