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                                                                 CHASE MANHATTAN AUTO OWNER TRUST
                                                                             SERIES 1998-B
                                                                   STATEMENT TO CERTIFICATEHOLDERS
====================================================================================================================================
PERIOD 8                                                                                                                    PAGE # 1
DETERMINATION: 10-Dec-98                                                                                           Beginning 11/1/98
DISTRIBUTION: 15-Dec-98                                                                                            Ending 11/30/98
TIME: 1/6/99 14:12
                                                                           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     $27,780,599.31    $27,780,599.31        $124,829.04    $27,905,428.35                  $0.00

    A-2 Notes       $200,000,000.00    $200,000,000.00       $107,853.92        $954,833.33     $1,062,687.25        $199,892,146.08

    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    $831,580,599.31    $27,888,453.23      $3,984,654.04    $31,873,107.27        $803,692,146.08
- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------
       B-1            $32,604,142.65    $32,604,142.65             $0.00        $164,379.22       $164,379.22         $32,604,142.65
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
CERTIFICATE 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   $864,184,741.96    $27,888,453.23      $4,149,033.26    $32,037,486.49        $836,296,288.73
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- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------



                                             FACTOR   INFORMATION   PER   $1,000


                         PRINCIPAL           INTEREST            END PRINCIPAL
          CLASS        DISTRIBUTION        DISTRIBUTION             BALANCE
- --------------------------------------------------------------------------------
                                                         
        A-1               111.12239724        0.49931616             0.00000000
                                                         -----------------------
                       ---------------------------------------------------------
        A-2                 0.53926960        4.77416665           999.46073040
                                                         -----------------------
                       ---------------------------------------------------------
        A-3                 0.00000000        4.79166667         1,000.00000000
                                                         -----------------------
                       ---------------------------------------------------------
        A-4                 0.00000000        4.83333335         1,000.00000000
                                                         -----------------------
- --------------------------------------------------------------------------------
   Notes Totals            26.46465480        3.78122418           762.66098508
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
       B-1                  0.00000000        5.04166669         1,000.00000000
- -----------------------                                  -----------------------
- --------------------------------------------------------------------------------
Certificate Totals          0.00000000        5.04166669         1,000.00000000
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
      TOTALS               25.67042239        3.81905140           769.78378110
- --------------------------------------------------------------------------------





(C) COPYRIGHT 1998, CHASE MANHATTAN BANK
- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------
                                          CHASE MANHATTAN AUTO OWNER TRUST
                                                    SERIES 1998-B
                                           STATEMENT TO CERTIFICATEHOLDERS
====================================================================================================================================
- ------------------------------------------------------------------------------------------------------------------------------------

PERIOD 8                                                                                                           PAGE     # 2
DETERMINATION: 10-Dec-98                                                                                           Beginning 11/1/98
DISTRIBUTION: 15-Dec-98                                                                                            Ending   11/30/98
TIME: 1/6/99 14:12



                                                                                                                     per $1000
                                                                                                             
Section 5.8 (iii)            Servicing Fee                                                      $720,153.95         0.66287850


Section 5.8 (iv)             Administration Fee                                                   $1,000.00         0.00092047


Section 5.8 (vi)             Pool Balance at the end of the Collection Period               $836,296,288.73


Section 5.8 (vii)            Repurchase Amounts for Repurchased Receivable
                                                By Seller                                             $0.00
                                                By Servicer                                      $53,410.07
                                                TOTAL                                            $53,410.07

Section 5.8 (viii)           Realized Net Losses for Collection Period                          $360,023.37


Section 5.8 (ix)             Reserve Account Balance after Disbursement                      $25,088,888.66


Section 5.8 (x)              Specified Reserve Account Balance                               $25,088,888.66


Section 5.8 (xi)             Total Distribution Amount                                       $34,047,484.46

                                                Servicing Fee                                   $720,153.95
                                                Administrative Fee                                $1,000.00
                                                Noteholders' Distribution Amount             $31,873,107.27
                                                Certificateholders' Distribution Amount        $ 164,379.22
                                                Deposit to Reserve Account                    $1,288,844.02









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     $27,780,599.31       $124,829.04     $27,905,428.35       111.12239724           0.49931616              111.62171340
  A-2        $107,853.92       $954,833.33      $1,062,687.25         0.53926960           4.77416665                5.31343625
  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    $27,888,453.23     $3,984,654.04     $31,873,107.27        26.46465480           3.78122418               30.24587898
- ------------------------------------------------------------------------------------------------------------------------------------





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                                    $ 1,288,844.02






(C) COPYRIGHT 1998, CHASE MANHATTAN BANK
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