Exhibit 20.1


                                                                          Page 1
Chase Manhattan Auto Owner Trust 2003-C
                                              Statement to Certificateholders
                                              February 17 2004


        DISTRIBUTION IN DOLLARS
                ORIGINAL          PRIOR                                                                               CURRENT
                 FACE           PRINCIPAL                                                     REALIZED   DEFERRED    PRINCIPAL
   CLASS        VALUE            BALANCE        PRINCIPAL       INTEREST          TOTAL        LOSES     INTEREST     BALANCE
                                                                                           
A1          212,000,000.00   184,291,302.90   30,500,253.13    192,584.41    30,692,837.54      0.00       0.00    153,791,049.77
A2          286,000,000.00   286,000,000.00            0.00    381,333.33       381,333.33      0.00       0.00    286,000,000.00
A3          234,000,000.00   234,000,000.00            0.00    440,700.00       440,700.00      0.00       0.00    234,000,000.00
A4          243,000,000.00   243,000,000.00            0.00    595,350.00       595,350.00      0.00       0.00    243,000,000.00
CERT         25,000,000.00    25,000,000.00            0.00     57,916.67        57,916.67      0.00       0.00     25,000,000.00
TOTALS    1,000,000,000.00   972,291,302.90   30,500,253.13  1,667,884.41    32,168,137.54      0.00       0.00    941,791,049.77




    FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                                          PASS-THROUGH RATES
                           PRIOR                                                   CURRENT                      CURRENT
                         PRINCIPAL                                                PRINCIPAL       CLASS        PASS THRU
 CLASS     CUSIP           FACTOR        PRINCIPAL    INTEREST      TOTAL           FACTOR                       RATE
                                                                                   
A1        161581D86      869.29859858  143.86911854  0.90841703  144.77753557    725.42948005      A1          1.140000 %
A2        161581DC4    1,000.00000000    0.00000000  1.33333332    1.33333332  1,000.00000000      A2          1.600000 %
A3        161581DD2    1,000.00000000    0.00000000  1.88333333    1.88333333  1,000.00000000      A3          2.260000 %
A4        161581DEO    1,000.00000000    0.00000000  2.45000000    2.45000000  1,000.00000000      A4          2.940000 %
CERT      161581DF7    1,000.00000000    0.00000000  2.31666680    2.31666680  1,000.00000000      CERT        2.780000 %
TOTALS                   972.29130290   30.50025313  1.66788441   32.16813754    941.79104977


IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
Kelly M Crosson
JPMorgan Chase Bank  - Structured Finance Services
4 NY Plaza, 6th floor,
New York, New York 10004
Tel: (212) 623-5439
Fax: (212) 623-5932
                   Copyright(C)2001 J.P. Morgan Chase & Co. All rights reserved.


                                                                          Page 2
Chase Manhattan Auto Owner Trust 2003-C
                                             February 17 2004
                                             STATEMENT TO CERTIFICATEHOLDERS


                                                                                                  
                                                                 Due Period                                            2
                                                                 Due Period Beginning Date                      01/01/04
                                                                 Due Period End Date                            01/31/04
                                                                 Determination Date                             02/10/04

Section 5.8(iii)      Servicing Fee                                                                           810,242.75
Section 5.8(iii)      Servicing Fee per $1000                                                                 0.81024275

Section 5.8(iv)       Administration Fee                                                                        1,000.00
Section 5.8(iv)       Administration Fee per $1000                                                            0.00100000

Section 5.8(vi)       Pool Balance at the end of the Collection Period                                    941,791,049.80

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

Section 5.8(viii)     Realized Net Losses for Collection Period                                                     0.00

Section 5.8(ix)       Reserve Account Balance after Disbursement                                           15,749,417.49

Section 5.8(x)        Specified Reserve Account Balance                                                    21,190,298.62

Section 5.8(xi)       Yield Supplement Account Balance                                                      3,043,679.58

Section 5.8(xii)      Total Distribution Amount                                                            35,370,113.28
                      Servicing Fee                                                                           810,242.75
                      Administration Fee                                                                        1,000.00
                      Noteholders Distribution Amount                                                      32,110,220.87
                      Certficateholders Distribution Amount                                                    57,916.67
                      Deposit to Reserve Account                                                            2,390,732.99



                   Copyright(C)2001 J.P. Morgan Chase & Co. All rights reserved.