SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report: May 15, 2000
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
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(Originator of the Trust referred to herein)
CHASE MANHATTAN AUTO TRUST 1998-C
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(Issuer)
(Exact name of the registrant as specified in its charter)
United States 333-36939 22-2382028
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(State or other jurisdiction (Commission Filed (IRS Employer
of incorporation) Number) Identification No.)
802 Delaware Avenue, Wilmington, Delaware 19801
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302) 575-5033
Item 5. Other Events:
Chase Manhattan Auto Owner Trust 1998-C is the issuer of four classes of
Asset Backed Notes and a single class of Asset Backed Certificates. The notes
and certificates are serviced in accordance with the Sale and Servicing
Agreement, dated as of June 1, 1998, as amended. The parties to the Sale and
Servicing Agreement are: Chase Manhattan Bank USA, National Association, as
seller and as servicer, and Chase Manhattan Owner Trust, as issuer.
On May 15, 2000, Chase USA, as servicer, distributed monthly interest to
the holders of the notes and certificates. Chase USA furnished a copy of the
monthly Statement to Certificateholders for each of the series as required by
the Sale and Servicing Agreement. A copy of the monthly Statement to
Certificateholders is being filed as Exhibit 20.1 to this Current Report on Form
8-K.
Item 7(c). Exhibits
Exhibits Description
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20.1 Monthly Statement to Certificateholder with
respect to the May 15, 2000 distribution.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
Dated: May 24, 2000
By: THE CHASE MANHATTAN BANK, USA,
NATIONAL ASSOCIATION
as Servicer
By: /s/ Patricia Garvey
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Name: Patricia Garvey
Title: Vice President
INDEX TO EXHIBITS
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Exhibit No. Description
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20.1 Statement to Certificateholders dated
5/15/2000 delivered pursuant to Section
5.8 of the Sale and Servicing Agreement
dated as of June 1, 1998.
Page 1
Chase Manhattan Auto Owner Trust 1998-C
Statement to Certificateholders
May 15 2000
DISTRIBUTION IN DOLLARS
ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSES INTEREST BALANCE
A1 258,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A2 195,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A3 325,000,000.00 178,887,695.02 20,685,064.00 864,623.86 21,549,687.86 0.00 0.00 158,202,631.02
A4 283,900,000.00 283,900,000.00 0.00 1,384,012.50 1,384,012.50 0.00 0.00 283,900,000.00
B1 32,889,211.45 22,339,346.36 639,744.25 111,696.73 751,440.98 0.00 0.00 21,699,602.11
TOTALS 1,094,789,211.45 485,127,041.38 21,324,808.25 2,360,333.09 23,685,141.34 0.00 0.00 463,802,233.13
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 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 5.588000 %
A2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A2 5.747000 %
A3 550.42367698 63.64635077 2.66038111 66.30673188 486.77732622 A3 5.800000 %
A4 1,000.00000000 0.00000000 4.87500000 4.87500000 1,000.00000000 A4 5.850000 %
B1 679.23022095 19.45149250 3.39615105 22.84764355 659.77872844 B1 6.000000 %
TOTALS 443.12369569 19.47846035 2.15597036 21.63443071 423.64523534
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
Kimberly Costa
The Chase Manhattan Bank - Structured Finance Services
450 W. 33rd Street, 14th Floor,
New York, New York 10001
Tel: (212) 946-3247
Email: kimberly.k.costa@chase.com
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
Page 2
Chase Manhattan Auto Owner Trust 1998-C
May 15 2000
STATEMENT TO CERTIFICATEHOLDERS
Due Period 23
Due Period Beginning Date 04/01/00
Due Period End Date 04/30/00
Determination Date 05/10/00
Section 5.8(iii) Servicing Fee 404,272.53
Section 5.8(iii) Servicing Fee per $1000 0.36926974
Section 5.8(iv) Administration Fee 1,000.00
Section 5.8(iv) Administration Fee per $1000 0.00091342
Section 5.8(vi) Pool Balance at the end of the Collection Period 463,802,233.13
Section 5.8(vii) Repurchase Amounts for Repurchased Receivable
By Seller 0.00
By Servicer 95,824.33
TOTAL 95,824.33
Section 5.8(viii) Realized Net Losses for Collection Period 211,796.34
Section 5.8(ix) Reserve Account Balance after Disbursement 13,914,066.99
Section 5.8(x) Specified Reserve Account Balance 13,914,066.99
Section 5.8(xi) Total Distribution Amount 24,467,040.58
Servicing Fee 404,272.53
Administration Fee 1,000.00
Noteholders Distribution Amount 22,933,700.36
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
Page 3
Chase Manhattan Auto Owner Trust 1998-C
May 15 2000
Certficateholders Distribution Amount 751,440.98
Deposit to Reserve Account 376,626.71
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION