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.