CHASE MANHATTAN RV OWNER TRUST 1997-A
MONTHLY SERVICER'S REPORT
Settlement Date 9/30/98
Determination Date 10/9/98
Distribution Date 10/15/98
I. All Payments on the Contracts 23,196,050.56
II. All Liquidation Proceeds on the Contracts with respect to Principal 749,001.32
III. Repurchased Contracts 0.00
IV. Investment Earnings on Collection Account 0.00
V. Servicer Monthly Advances 710,293.63
VI. Distribution from the Reserve Account 0.00
VII. Deposits from the Pay-Ahead Account (including Investment Earnings) 197,766.78
VIII. Transfers to the Pay-Ahead Account (148,678.59)
IX. Less: Investment Earnings distributions 0.00
(a) To Sellers with respect to the Collection Account 0.00
(b) To Sellers with respect to the Pay-Ahead Account
Total available amount in Collection Account $24,704,433.70
===================
DISTRIBUTION AMOUNTS Cost per $1000
- ------------------------------- ----------------
1. (a) Class A-1 Note Interest Distribution 0.00
(b) Class A-1 Note Principal Distribution 0.00
Aggregate Class A-1 Note Distribution 0.00000000 0.00
2. (a) Class A-2 Note Interest Distribution 0.00
(b) Class A-2 Note Principal Distribution 0.00
Aggregate Class A-2 Note Distribution 0.00000000 0.00
3. (a) Class A-3 Note Interest Distribution 177,015.93
(b) Class A-3 Note Principal Distribution 19,350,839.59
Aggregate Class A-3 Note Distribution 172.81288074 19,527,855.52
4. (a) Class A-4 Note Interest Distribution 366,216.67
(b) Class A-4 Note Principal Distribution 0.00
Aggregate Class A-4 Note Distribution 5.01666667 366,216.67
5. (a) Class A-5 Note Interest Distribution 665,500.00
(b) Class A-5 Note Principal Distribution 0.00
Aggregate Class A-5 Note Distribution 5.04166667 665,500.00
6. (a) Class A-6 Note Interest Distribution 449,533.33
(b) Class A-6 Note Principal Distribution 0.00
Aggregate Class A-6 Note Distribution 5.10833333 449,533.33
7. (a) Class A-7 Note Interest Distribution 291,650.00
(b) Class A-7 Note Principal Distribution 0.00
Aggregate Class A-7 Note Distribution 5.11666667 291,650.00
8. (a) Class A-8 Note Interest Distribution 441,291.67
(b) Class A-8 Note Principal Distribution 0.00
Aggregate Class A-8 Note Distribution 5.19166667 441,291.67
9. (a) Class A-9 Note Interest Distribution 321,266.67
(b) Class A-9 Note Principal Distribution 0.00
Aggregate Class A-9 Note Distribution 5.26666667 321,266.67
10. (a) Class A-10 Note Interest Distribution 345,041.67
(b) Class A-10 Note Principal Distribution 0.00
Aggregate Class A-10 Note Distribution 5.30833333 345,041.67
11. (a) Class B Certificate Interest Distribution 244,679.31
(b) Class B Certificate Principal Distribution 0.00
Aggregate Class B Certificate Distribution 5.45000000 244,679.31
12. Servicer Payment
(a) Servicing Fee 267,409.56
(b) Reimbursement of prior Monthly Advances 507,744.96
Total Servicer Payment 775,154.52
13. Deposits to the Reserve Account 1,276,244.34
Total Distribution Amount $24,704,433.70
===================
Reserve Account distributions:
- -----------------------------------------
(a) Amounts to the Sellers (Chase USA) from Excess Collections 163,742.15
(b) Amounts to the Sellers (Chase Manhattan Bank) from Excess Collections 1,112,502.19
(c) Distribution from the Reserve Account to the Sellers(Chase USA) 57,154.88
(d) Distribution from the Reserve Account to the Sellers(Chase Manhattan Bank) 388,323.55
Total Amounts to Sellers(Chase USA & Chase Manhattan Bank) = $1,721,722.77
===================
INTEREST
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1. Current Interest Requirement
(a) Class A-1 Notes @5.598% 0.00
(b) Class A-2 Notes @5.852% 0.00
(c) Class A-3 Notes @5.919% 177,015.93
(d) Class A-4 Notes @6.020% 366,216.67
(e) Class A-5 Notes @6.050% 665,500.00
(f) Class A-6 Notes @6.130% 449,533.33
(g) Class A-7 Notes @6.140% 291,650.00
(h) Class A-8 Notes @6.230% 441,291.67
(i) Class A-9 Notes @6.320% 321,266.67
(j) Class A-10 Notes @6.370% 345,041.67
Aggregate Interest on Notes 3,057,515.93
(k) Class B Certificate @6.540% 244,679.31
2. Remaining Interest Shortfall
(a) Class A-1 Notes 0.00
(b) Class A-2 Notes 0.00
(c) Class A-3 Notes 0.00
(d) Class A-4 Notes 0.00
(e) Class A-5 Notes 0.00
(f) Class A-6 Notes 0.00
(g) Class A-7 Notes 0.00
(h) Class A-8 Notes 0.00
(i) Class A-9 Notes 0.00
(j) Class A-10 Notes 0.00
(k) Class B Certificates 0.00
3. Total Distribution of Interest Cost per $1000
----------------
(a) Class A-1 Notes 0.00000000 0.00
(b) Class A-2 Notes 0.00000000 0.00
(c) Class A-3 Notes 1.56651269 177,015.93
(d) Class A-4 Notes 5.01666667 366,216.67
(e) Class A-5 Notes 5.04166667 665,500.00
(f) Class A-6 Notes 5.10833333 449,533.33
(g) Class A-7 Notes 5.11666667 291,650.00
(h) Class A-8 Notes 5.19166667 441,291.67
(i) Class A-9 Notes 5.26666667 321,266.67
(j) Class A-10 Notes 5.30833333 345,041.67
Total Aggregate Interest on Notes 3,057,515.93
(k) Class B Certificates 5.45000000 244,679.31
PRINCIPAL
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No. of Contracts
----------------
1. Amount of Stated Principal Collected 5,475,028.61
2. Amount of Principal Prepayment Collected 497 12,860,637.55
3. Amount of Liquidated Contract 19 1,015,173.43
4. Amount of Repurchased Contract 0 0.00
Total Formula Principal Distribution Amount 19,350,839.59
5. Principal Balance before giving effect to Principal Distribution Pool Factor
-----------
(a) Class A-1 Notes 0.0000000 0.00
(b) Class A-2 Notes 0.0000000 0.00
(c) Class A-3 Notes 0.3175900 35,887,670.38
(d) Class A-4 Notes 1.0000000 73,000,000.00
(e) Class A-5 Notes 1.0000000 132,000,000.00
(f) Class A-6 Notes 1.0000000 88,000,000.00
(g) Class A-7 Notes 1.0000000 57,000,000.00
(h) Class A-8 Notes 1.0000000 85,000,000.00
(i) Class A-9 Notes 1.0000000 61,000,000.00
(j) Class A-10 Notes 1.0000000 65,000,000.00
(k) Class B Certificates 1.0000000 44,895,285.54
6. Remaining Principal Shortfall
(a) Class A-1 Notes 0.00
(b) Class A-2 Notes 0.00
(c) Class A-3 Notes 0.00
(d) Class A-4 Notes 0.00
(e) Class A-5 Notes 0.00
(f) Class A-6 Notes 0.00
(g) Class A-7 Notes 0.00
(h) Class A-8 Notes 0.00
(i) Class A-9 Notes 0.00
(j) Class A-10 Notes 0.00
(k) Class B Certificates 0.00
7. Principal Distribution Cost per $1000
----------------
(a) Class A-1 Notes 0.00000000 0.00
(b) Class A-2 Notes 0.00000000 0.00
(c) Class A-3 Notes 171.24636805 19,350,839.59
(d) Class A-4 Notes 0.00000000 0.00
(e) Class A-5 Notes 0.00000000 0.00
(f) Class A-6 Notes 0.00000000 0.00
(g) Class A-7 Notes 0.00000000 0.00
(h) Class A-8 Notes 0.00000000 0.00
(i) Class A-9 Notes 0.00000000 0.00
(j) Class A-10 Notes 0.00000000 0.00
(k) Class B Certificates 0.00000000 0.00
8. Principal Balance after giving effect to Principal Distribution Pool Factor
-----------
(a) Class A-1 Notes 0.0000000 0.00
(b) Class A-2 Notes 0.0000000 0.00
(c) Class A-3 Notes 0.1463436 16,536,830.79
(d) Class A-4 Notes 1.0000000 73,000,000.00
(e) Class A-5 Notes 1.0000000 132,000,000.00
(f) Class A-6 Notes 1.0000000 88,000,000.00
(g) Class A-7 Notes 1.0000000 57,000,000.00
(h) Class A-8 Notes 1.0000000 85,000,000.00
(i) Class A-9 Notes 1.0000000 61,000,000.00
(j) Class A-10 Notes 1.0000000 65,000,000.00
(k) Class B Certificates 1.0000000 44,895,285.54
POOL DATA
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Aggregate
No. of Contracts Principal Balance
---------------- -----------------
1. Pool Stated Principal Balance as of 9/30/98 21,138 622,432,116.33
2. Delinquency Information % Delinquent
-------------
(a) 31-59 Days 183 4,388,412.62 0.705%
(b) 60-89 Days 64 1,864,175.56 0.299%
(c) 90-119 Days 45 1,137,429.15 0.183%
(d) 120 Days + 161 4,399,437.39 0.707%
3. Contracts Repossessed during the Due Period 23 985,939.48
4. Current Repossession Inventory 46 1,753,860.07
5. Aggregate Net Losses for the preceding Collection Period
(a) Aggregate Principal Balance of Liquidated Receivables 19 1,015,173.43
(b) Net Liquidation Proceeds on any Liquidated Receivables 749,001.32
-------------------
Total Aggregate Net Losses for the preceding Collection Period 266,172.11
6. Aggregate Losses on all Liquidated Receivables (Year-To-Date) 2,136,689.50
7. Aggregate Net Losses on all Liquidated Receivables (Life-To-Date) 156 2,358,450.10
8. Weighted Average Contract Rate of all Outstanding Contracts 9.276%
9. Weighted Average Remaining Term to Maturity of all Outstanding Contracts 118.868
TRIGGER ANALYSIS
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1. (a) Average Delinquency Percentage 1.484%
(b) Delinquency Percentage Trigger in effect ? NO
2. (a) Average Net Loss Ratio 0.034%
(b) Net Loss Ratio Trigger in effect ? NO
(c) Net Loss Ratio (using ending Pool Balance) 0.256%
3. (a) Servicer Replacement Percentage 0.249%
(b) Servicer Replacement Trigger in effect ? NO
MISCELLANEOUS
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1. Monthly Servicing Fees 267,409.56
2. Servicer Advances 710,293.63
3. (a) Opening Balance of the Reserve Account 12,835,659.12
(b) Deposits to the Reserve Account 1,276,244.34
(c) Investment Earnings in the Reserve Account 58,461.64
(d) Distribution from the Reserve Account (1,721,722.77)
(e) Ending Balance of the Reserve Account 12,448,642.33
4. Specified Reserve Account Balance 12,448,642.33
5. (a) Opening Balance in the Pay-Ahead Account 591,310.64
(b) Deposits to the Pay-Ahead Account from the Collection Account 148,678.59
(c) Investment Earnings in the Pay-Ahead Account 0.00
(d) Transfers from the Pay-Ahead Account to the Collection Account (197,766.78)
(e) Ending Balance in the Pay-Ahead Account 542,222.45