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

        PERIOD 14                                                   PAGE # 1
DETERMINATION: 10-Jun-1999                                     Beginning 5/1/99
 DISTRIBUTION: 15-Jun-1999                                       Ending 5/31/99
         TIME: 6/29/99 1:55

                       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             $0.00             $0.00            $0.00            $0.00              $0.00

    A-2 Notes           $200,000,000.00    $59,359,709.59    $24,747,480.17      $283,393.15   $25,030,873.32     $34,612,229.42

    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   $663,159,709.59    $24,747,480.17    $3,188,384.82   $27,935,864.99    $638,412,229.42

       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   $695,763,852.24    $24,747,480.17    $3,352,764.04   $28,100,244.21    $671,016,372.07



                          FACTOR INFORMATION PER $1,000


                           PRINCIPAL           INTEREST          END PRINCIPAL
      CLASS               DISTRIBUTION       DISTRIBUTION           BALANCE

       A-1                  0.00000000        0.00000000            0.00000000

       A-2                123.73740085        1.41696575          173.06114710

       A-3                  0.00000000        4.79166667        1,000.00000000

       A-4                  0.00000000        4.83333335        1,000.00000000

   Notes Totals            23.48403888        3.02560716          605.81915868

       B-1                  0.00000000        5.04166669        1,000.00000000

Certificate Totals          0.00000000        5.04166669        1,000.00000000

      TOTALS               22.77925792        3.08611124          617.64894456


IF THERE ARE ANY QUESTIONS OR COMMENTS, PLEASE CONTACT THE ADMINISTRATOR
LISTED BELOW

                                    KIM COSTA
                                    THE CHASE MANHATTAN BANK - ASPG
                                    450 WEST 33RD STREET, 15TH FLOOR
                                    NEW YORK, NEW YORK 10001
                                    (212) 946-3247


(C) COPYRIGHT 1998, CHASE MANHATTAN BANK



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


        PERIOD 14                                                 PAGE     # 2
DETERMINATION: 10-Jun-1999                                     Beginning 5/1/99
DISTRIBUTION: 15-Jun-1999                                        Ending 5/31/99
       TIME: 6/29/99 2:26




                                                                                                                per $1000
                                                                                                       
Section 5.8 (iii)     Servicing Fee                                                       $579,803.21           0.53369017

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

Section 5.8 (vi)      Pool Balance at the end of the Collection Period                $671,016,372.07

Section 5.8 (vii)     Repurchase Amounts for Repurchased Receivable
                                       By Seller                                                $0.00
                                       By Servicer                                         $28,184.33
                                       TOTAL                                               $28,184.33

Section 5.8 (viii)    Realized Net Losses for Collection Period                           $109,977.64

Section 5.8 (ix)      Reserve Account Balance after Disbursement                       $20,130,491.16

Section 5.8 (x)       Specified Reserve Account Balance                                $20,130,491.16

Section 5.8 (xi)      Total Distribution Amount                                        $29,599,746.88

                                       Servicing Fee                                      $579,803.21
                                       Administrative Fee                                   $1,000.00
                                       Noteholders' Distribution Amount                $27,935,864.99
                                       Certificateholders' Distribution Amount            $164,379.22
                                       Deposit to Reserve Account                         $918,699.46



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              $0.00            $0.00            $0.00         0.00000000            0.00000000               0.00000000
  A-2     $24,747,480.17      $283,393.15   $25,030,873.32       123.73740085            1.41696575             125.15436660
  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    $24,747,480.17    $3,188,384.82   $27,935,864.99        23.48403888            3.02560716              26.50964603



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                  $918,699.46