Page 1


Chase Manhattan Auto Owner Trust 1998-B

                                 Statement to Certificateholders
                                 January 18 2000



  DISTRIBUTION IN DOLLARS
               ORIGINAL              PRIOR                                                                                CURRENT
                 FACE              PRINCIPAL                                                       REALIZED  DEFERRED    PRINCIPAL
CLASS            VALUE              BALANCE         PRINCIPAL         INTEREST         TOTAL        LOSES    INTEREST     BALANCE
                                                                                              
A1           250,000,000.00               0.00             0.00            0.00             0.00     0.00      0.00             0.00
A2           200,000,000.00               0.00             0.00            0.00             0.00     0.00      0.00             0.00
A3           321,000,000.00     206,470,758.28    21,390,929.38      989,339.05    22,380,268.43     0.00      0.00   185,079,828.90
A4           282,800,000.00     282,800,000.00             0.00    1,366,866.67     1,366,866.67     0.00      0.00   282,800,000.00
B1            32,604,142.65      32,604,142.65             0.00      164,379.22       164,379.22     0.00      0.00    32,604,142.65
TOTALS     1,086,404,142.65     521,874,900.93   21,390,929.380    2,520,584.94    23,911,514.32     0.00      0.00   500,483,971.55



FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                                        PASS-THROUGH RATES
                  PRIOR                                                             CURRENT                         CURRENT
                PRINCIPAL                                                          PRINCIPAL       CLASS           PASS THRU
CLASS             FACTOR           PRINCIPAL      INTEREST           TOTAL           FACTOR                          RATE
                                                                                              
A1                .00000000        .00000000      .00000000        .00000000         .00000000       A1            5.578000 %
A2                .00000000        .00000000      .00000000        .00000000         .00000000       A2            5.729000 %
A3             643.21108498      66.63840928     3.08205312      69.72046240      576.57267570       A3            5.750000 %
A4           1,000.00000000        .00000000     4.83333335       4.83333335    1,000.00000000       A4            5.800000 %
B1           1,000.00000000        .00000000     5.04166669       5.04166669    1,000.00000000       B1            6.050000 %
TOTALS         480.36902700      19.68966109     2.32011720      22.00977830      460.67936590


IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
Mark  McDermott
The Chase Manhattan Bank - Structured Finance Services
450 W. 33rd Street, 14th Floor,
New York, New York 10001
Tel: (212) 946-7016
Email: mark.mcdermott@chase.com

                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

                                                                          Page 2


Chase Manhattan Auto Owner Trust 1998-B

                                 January 18 2000
                         STATEMENT TO CERTIFICATEHOLDERS


                                                                                                                  
                                                         Due Period                                                              21
                                                         Due Period Beginning Date                                         12/01/99
                                                         Due Period End Date                                               12/31/99
                                                         Determination Date                                                01/10/00

Section 5.8(iii)            Servicing Fee                                                                                434,895.75
Section 5.8(iii)            Servicing Fee per $1000                                                                      0.40030752

Section 5.8(iv)             Administration Fee                                                                             1,000.00
Section 5.8(iv)             Administration Fee per $1000                                                                 0.00092047

Section 5.8(vi)             Pool Balance at the end of the Collection Period                                         500,483,971.55

Section 5.8(vii)            Repurchase Amounts for Repurchased Receivable
                            By Seller                                                                                          0.00
                            By Servicer                                                                                   14,920.05
                            TOTAL                                                                                         14,920.05

Section 5.8(viii)           Realized Net Losses for Collection Period                                                    221,187.82

Section 5.8(ix)             Reserve Account Balance after Disbursement                                                15,014,519.15

Section 5.8(x)              Specified Reserve Account Balance                                                         15,014,519.15

Section 5.8(xi)             Total Distribution Amount                                                                 24,906,493.35
                            Servicing Fee                                                                                434,895.75
                            Administration Fee                                                                             1,000.00
                            Noteholders Distribution Amount                                                           23,747,135.10


                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

                                                                          Page 3


Chase Manhattan Auto Owner Trust 1998-B

                                 January 18 2000


                                                                                                                      
                            Certficateholders Distribution Amount                                                        164,379.22
                            Deposit to Reserve Account                                                                   559,083.28


                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION