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, 2001
CHASE CREDIT CARD OWNER TRUST 2001-1
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(Issuer of Securities)
CHASE MANHATTAN BANK USA, NATIONAL ASSOCIATION
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(Exact name of registrant as specified in its charter)
United States 333-74303 22-2382028
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
200 White Clay Center Drive, Newark, DE 19711-5466
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (302) 575-5000
Item 5. Other Events:
Chase Credit Card Owner Trust 2001-1 is the issuer of three classes of
asset backed notes. The notes were issued under an indenture, dated as of March
8, 2001, between the trust and The Bank of New York, as Indenture Trustee.
On May 15, 2001, The Chase Manhattan Bank, as Paying Agent, distributed
monthly interest to the holders of the notes, and provided to holders a report
including the information required by Section 7.3 of the Indenture. A copy of
the statement provided to the holders of the notes 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 Noteholders with respect to the May 15,
2001 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 25, 2001
By: CHASE MANHATTAN BANK USA,
NATIONAL ASSOCIATION
as Administrator
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 Noteholders dated
May 15, 2001
Chase Manhattan Bank USA, N.A.
Noteholders Statement
Chase Credit Card Owner Trust 2001-1
Section 7.3 Indenture Distribution Date: 05/15/2001
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(i) Amount of the distribution allocable to principal of the Notes
Class A Principal Payment 0.00
Class B Principal Payment 0.00
Class C Principal Payment 0.00
Total
Amount of the distribution allocable to the principal on the Notes per
$1,000 of the initial principal balance of the Notes
Class A Principal Payment 0.00
Class B Principal Payment 0.00
Class C Principal Payment 0.00
Total
(ii) Amount of the distribution allocable to the interest on the Notes
Class A Note Interest Requirement 3,137,135.42
Class B Note Interest Requirement 270,490.45
Class C Note Interest Requirement 372,370.99
Total 3,779,996.86
Amount of the distribution allocable to the interest on the Notes per
$1,000 of the initial principal balance of the Notes
Class A Note Interest Requirement 4.18285
Class B Note Interest Requirement 4.32785
Class C Note Interest Requirement 4.63396
(iii) Aggregate Outstanding Principal Balance of the Notes
Class A Note Principal Balance 750,000,000
Class B Note Principal Balance 62,500,000
Class C Note Principal Balance 80,357,000
(iv) Amount on deposit in Owner Trust Spread Account 13,392,855.00
(v) Required Owner Trust Spread Account Amount 13,392,855.00
By:
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Name: Patricia M. Garvey
Title: Vice President