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

    PERIOD 12                                                       PAGE # 1
DETERMINATION: 10-Jun-1999                                     Beginning 5/1/99
DISTRIBUTION: 15-Jun-1999                                        Ending 5/31/99
    TIME: 6/29/99 3:26

                       CLASS A-1 5.588% ASSET BACKED NOTES
                       CLASS A-2 5.747% ASSET BACKED NOTES
                       CLASS A-3 5.800% ASSET BACKED NOTES
                       CLASS A-4 5.850% ASSET BACKED NOTES
                       CLASS B-1 6.000% ASSET BACKED CERTIFICATES




                        ORIG PRINCIPAL      BEG PRINCIPAL         PRINCIPAL          INTEREST            TOTAL        END PRINCIPAL
      CLASS                 BALANCE            BALANCE          DISTRIBUTION      DISTRIBUTION       DISTRIBUTION        BALANCE
                                                                                                   
     A-1 Notes          $258,000,000.00              $0.00              $0.00             $0.00              $0.00             $0.00

     A-2 Notes          $195,000,000.00    $116,447,553.43     $25,635,977.51       $557,686.74     $26,193,664.25    $90,811,575.92

     A-3 Notes          $325,000,000.00    $325,000,000.00              $0.00     $1,570,833.33      $1,570,833.33   $325,000,000.00

     A-4 Notes          $283,900,000.00    $283,900,000.00              $0.00     $1,384,012.50      $1,384,012.50   $283,900,000.00

    NOTE TOTALS       $1,061,900,000.00    $725,347,553.43     $25,635,977.51     $3,512,532.57     $29,148,510.08   $699,711,575.92

       B-1               $32,889,211.45     $30,459,754.34        $792,865.28       $152,298.77        $945,164.05    $29,666,889.06

CERTIFICATE TOTALS       $32,889,211.45     $30,459,754.34        $792,865.28       $152,298.77        $945,164.05    $29,666,889.06

      TOTALS          $1,094,789,211.45    $755,807,307.77     $26,428,842.79     $3,664,831.34     $30,093,674.13   $729,378,464.98



                          FACTOR INFORMATION PER $1,000


                          PRINCIPAL             INTEREST          END PRINCIPAL
      CLASS             DISTRIBUTION          DISTRIBUTION           BALANCE

        A-1               0.00000000           0.00000000           0.00000000

        A-2             131.46655133           2.85993200         465.70038933

        A-3               0.00000000           4.83333332       1,000.00000000

        A-4               0.00000000           4.87500000       1,000.00000000

   Notes Totals          24.14161174           3.30778093         658.92416981

       B-1               24.10715384           4.63066043         902.02494229

Certificate Totals       24.10715384           4.63066043         902.02494229

      TOTALS             24.14057657           3.34752234         666.22730417


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




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


        PERIOD 12                                                   PAGE # 2

DETERMINATION: 10-Jun-1999                                     Beginning 5/1/99
DISTRIBUTION:  15-Jun-1999                                       Ending 5/31/99
        TIME: 6/29/99 3:26



                                                                                               per $1000
                                                                                         
Section 5.8 (iii)  Servicing Fee                                            $629,839.42        0.57530656

Section 5.8 (iv)   Administration Fee                                         $1,000.00        0.00091342

Section 5.8 (vi)   Pool Balance at the end of the Collection Period     $729,378,464.98

Section 5.8 (vii)  Repurchase Amounts for Repurchased Receivable
                         By Seller                                                $0.00
                         By Servicer                                         $34,757.92
                         TOTAL                                               $34,757.92

Section 5.8 (viii) Realized Net Losses for Collection Period                $233,216.50

Section 5.8 (ix)   Reserve Account Balance after Disbursement            $21,881,353.95

Section 5.8 (x)    Specified Reserve Account Balance                     $21,881,353.95

Section 5.8 (xi)   Total Distribution Amount                             $31,513,018.83

                         Servicing Fee                                      $629,839.42
                         Administrative Fee                                   $1,000.00
                         Noteholders' Distribution Amount                $29,148,510.08
                         Certificateholders' Distribution Amount            $945,164.05
                         Deposit to Reserve Account                         $788,505.28


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          $25,635,977.51     $557,686.74   $26,193,664.25         131.46655133         2.85993200            134.32648333
 A-3                   $0.00   $1,570,833.33    $1,570,833.33           0.00000000         4.83333332              4.83333332
 A-4                   $0.00   $1,384,012.50    $1,384,012.50           0.00000000         4.87500000              4.87500000
Total         $25,635,977.51   $3,512,532.57   $29,148,510.08          24.14161174         3.30778093             27.44939267


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            $792,865.28    $152,298.77       $945,164.05          24.10715384           4.63066043             28.73781427
Total           $792,865.28    $152,298.77       $945,164.05          24.10715384           4.63066043             28.73781427



Section 5.8 (xiv)  Reserve Fund Transfer Amount                     $788,505.28