Exhibit 20.1
                                                                 ------------

<TABLE>
<CAPTION>
                                       

     RUN DATE:04/16/97   14:57:32           Chase Commercial Mortgage Securities Corp.                            Page  1
     DIST. DATE: 18-APR-1997               Commercial Mortgage Pass-Through Certificates
     REC.  DATE: 31-MAR-1997

                                  Series 1996-1

                       Monthly Certificate Holders Report


 CLAS  CUSIP        BEG. BALANCE     PRIN. DIST.    INT. DIST.      PREP PENAL    COLL DEFICIT     TOTAL DIST        END BALANCE
<S>  <C>        <C>                <C>           <C>               <C>          <C>              <C>              <C>             

 A1   161505AA0  186,765,429.77      417,380.80    1,182,847.72        0.00            0.00       1,600,228.52     186,348,048.97
 A2   161505AB8  123,421,002.00            0.00      781,666.35        0.00            0.00         781,666.35     123,421,002.00
 B    161505AE2   26,589,563.00            0.00      168,400.57        0.00            0.00         168,400.57      26,589,563.00
 C    161505AF9   22,157,969.00            0.00      140,333.80        0.00            0.00         140,333.80      22,157,969.00
 D    161505AG7   15,510,578.00            0.00       98,233.66        0.00            0.00          98,233.66      15,510,578.00
 E    161505AH5   11,078,984.00            0.00       70,166.90        0.00            0.00          70,166.90      11,078,984.00
 F    161505AJ1   24,373,766.00            0.00      154,367.18        0.00            0.00         154,367.18      24,373,766.00
 G    161505AK8   17,726,375.00            0.00      112,267.04        0.00            0.00         112,267.04      17,726,375.00
 H    161505AL6   11,078,984.00            0.00       70,166.90        0.00            0.00          70,166.90      11,078,984.00
 P    161505AC6    1,210,196.14        1,536.17            0.00        0.00            0.00           1,536.17       1,208,659.97
 R                         0.00            0.00            0.00        0.00            0.00               0.00               0.00
 X    161505AD4  439,912,849.44            0.00      300,859.96        0.00            0.00         300,859.96     439,493,932.47

   TOTAL:        439,912,846.91      418,916.97    3,079,310.08        0.00            0.00       3,498,227.05     439,493,929.94

</TABLE>

<PAGE>

<TABLE>
<CAPTION>


     RUN DATE:04/16/97   14:57:32           Chase Commercial Mortgage Securities Corp.                            Page  2
     DIST. DATE: 18-APR-1997               Commercial Mortgage Pass-Through Certificates
     REC.  DATE: 31-MAR-1997


                                  Series 1996-1

                       Monthly Certificate Holders Report


 CLAS  CUSIP        ACCR INT    APPR RED AMT   UNPAID INT   PRIN FACTOR     INT FACTOR   E. BAL FACTOR  CURR RATE   NEXT RATE
<S>   <C>       <C>            <C>            <C>          <C>            <C>          <C>             <C>        <C>     

 A1   161505AA0  1,182,847.72        0.00          0.00      2.19674105     6.22551432     980.77920511    7.60000   7.60000
 A2   161505AB8    781,666.35        0.00          0.00      0.00000000     6.33333337   1,000.00000000    7.60000   7.60000
 P    161505AC6          0.00        0.00          0.00      1.25693652     0.00000000     988.95881370    0.00000   0.00000
 B    161505AE2    168,400.57        0.00          0.00      0.00000000     6.33333350   1,000.00000000    7.60000   7.60000
 C    161505AF9    140,333.80        0.00          0.00      0.00000000     6.33333317   1,000.00000000    7.60000   7.60000
 D    161505AG7     98,233.66        0.00          0.00      0.00000000     6.33333329   1,000.00000000    7.60000   7.60000
 E    161505AH5     70,166.90        0.00          0.00      0.00000000     6.33333345   1,000.00000000    7.60000   7.60000
 F    161505AJ1    154,367.18        0.00          0.00      0.00000000     6.33333314   1,000.00000000    7.60000   7.60000
 G    161505AK8    112,267.04        0.00          0.00      0.00000000     6.33333324   1,000.00000000    7.60000   7.60000
 H    161505AL6     70,166.90        0.00          0.00      0.00000000     6.33333345   1,000.00000000    7.60000   7.60000
 R                       0.00        0.00          0.00      0.00000000     0.00000000       0.00000000    0.00000   0.00000
 X    161505AD4    300,859.96        0.00          0.00      0.00000000     0.67889788     991.72883336    0.82069   0.82068

   TOTAL:        3,079,310.08        0.00          0.00

</TABLE>


<PAGE>


RUN DATE:04/16/97   14:57:37         Chase Commercial Mortgage Securities Corp.
DIST. DATE: 18-APR-1997           Commercial Mortgage Pass-Through Certificates
REC.  DATE: 31-MAR-1997


                                  Series 1996-1

                       Monthly Certificate Holders Report



 P & I Advances                                                     40,231.23

 Servicing Compensation                                             48,824.91

 Beginning Balance(Mortgage Loans)                             439,912,849.44

 Ending Balance(Mortgage Loans)                                439,493,932.47

 Beginning Balance(REO Loans)                                            0.00

 Ending Balance(REO Loans)                                               0.00

 Aggregate Number of Mortgage Loans                                        87

 Aggregate Mortgage Principal Balance                          439,493,932.47

 Weighted Average Remaining Term to Maturity                           104.71

 Weighted Average Mortgage Rate                                       8.53414%

 # of Loans Delinquent(1 month)                                             0

 Balance of Loans Delinquent(1 month)                                    0.00

 # of Loans Delinquent(2 month)                                             0

 Balance of Loans Delinquent(2 month)                                    0.00

 # of Loans Delinquent(3 month)                                             1

 Balance of Loans Delinquent(3 month)                            3,063,991.25

 # of Loans Delinquent(In Foreclosure)                                      0

 Balance of Loans Delinquent(In Foreclosure)                             0.00

 Appraisal Value of REO Property                                         0.00

 Available Distribution Amount                                   3,498,227.05

 Scheduled Principal Distribution Amount                           418,916.97

 Unscheduled Principal Distribution Amount                               0.00


<PAGE>


<TABLE>
<CAPTION>


     RUN DATE:04/16/97   14:18:29           Chase Commercial Mortgage Securities Corp.                            Page  1
     DIST. DATE: 21-APR-1997               Commercial Mortgage Pass-Through Certificates
     REC.  DATE: 31-MAR-1997

                                                           Series 1996-2

                                                Monthly Certificate Holders Report



 CLAS    CUSIP        BEG. BALANCE     PRIN. DIST.   INT. DIST.    PREP PENAL   COLL DEFICIT    TOTAL DIST    END BALANCE
<S>    <C>         <C>               <C>           <C>            <C>         <C>             <C>           <C> 

 A-1    161505AN2     53,530,332.04    151,166.62      298,877.69     0.00        0.00         450,044.31     53,379,165.42
 A-2    161505AP7    128,080,472.00          0.00      736,462.71     0.00        0.00         736,462.71    128,080,472.00
 B      161505AQ5     17,027,021.00          0.00       97,905.37     0.00        0.00          97,905.37     17,027,021.00
 C      161505AR3     15,717,250.00          0.00       90,374.19     0.00        0.00          90,374.19     15,717,250.00
 D      161505AS1     13,097,708.00          0.00       75,311.82     0.00        0.00          75,311.82     13,097,708.00
 E      161505AT9      5,239,083.00          0.00       30,124.73     0.00        0.00          30,124.73      5,239,083.00
 F      161505AV4     13,097,708.00          0.00       75,311.82     0.00        0.00          75,311.82     13,097,708.00
 G      161505AW2      9,168,396.00          0.00       52,718.28     0.00        0.00          52,718.28      9,168,396.00
 H      161505AX0      6,548,854.00          0.00       37,655.91     0.00        0.00          37,655.91      6,548,854.00
 R      N/A                    0.00          0.00            0.00     0.00        0.00               0.00              0.00
 X      161505AU6    261,506,825.68          0.00      319,495.64     0.00        0.00         319,495.64    261,355,659.06

   TOTAL:            261,506,824.04    151,166.62    1,814,238.16     0.00        0.00       1,965,404.78    261,355,657.42
</TABLE>


<PAGE>

<TABLE>
<CAPTION>


     RUN DATE:04/16/97   14:18:29           Chase Commercial Mortgage Securities Corp.                            Page  2
     DIST. DATE: 21-APR-1997               Commercial Mortgage Pass-Through Certificates
     REC.  DATE: 31-MAR-1997


                                                           Series 1996-2

                                                Monthly Certificate Holders Report



 CLAS   CUSIP     ACCR INT     PRIN FACTOR       INT FACTOR         E. BAL FACTOR      CURR RATE       NEXT RATE
<S>   <C>      <C>           <C>               <C>             <C>                  <C>             <C>                       
 
 A-1  161505A     298,877.69       2.80053988      5.53706161       988.91197844        6.70000         6.70000
 A-2  161505A     736,462.71       0.00000000      5.74999997     1,000.00000000        6.90000         6.90000
 B    161505A      97,905.37       0.00000000      5.74999996     1,000.00000000        6.90000         6.90000
 C    161505A      90,374.19       0.00000000      5.75000016     1,000.00000000        6.90000         6.90000
 D    161505A      75,311.82       0.00000000      5.74999992     1,000.00000000        6.90000         6.90000
 E    161505A      30,124.73       0.00000000      5.75000052     1,000.00000000        6.90000         6.90000
 F    161505A      75,311.82       0.00000000      5.74999992     1,000.00000000        6.90000         6.90000
 G    161505A      52,718.28       0.00000000      5.75000033     1,000.00000000        6.90000         6.90000
 H    161505A      37,655.91       0.00000000      5.74999992     1,000.00000000        6.90000         6.90000
 R    N/A               0.00       0.00000000      0.00000000         0.00000000        0.00000         0.00000
 X    161505A           0.00       0.00000000      1.21966238       997.71523029        1.46610         1.46612

   TOTAL:       1,494,742.52

</TABLE>


<PAGE>


RUN DATE:04/16/97   14:18:30        Chase Commercial Mortgage Securities Corp.
DIST. DATE: 21-APR-1997           Commercial Mortgage Pass-Through Certificates
REC.  DATE: 31-MAR-1997

                                  Series 1996-2

                       Monthly Certificate Holders Report

P & I Advances                                                          0.00

Servicing Compensation                                             21,522.64

Trustee Compensation                                                1,874.18

Beginning Balance(Mortgage Loans)                             261,506,825.68

Ending Balance(Mortgage Loans)                                261,355,659.06

Beginning Balance(REO Loans)                                            0.00

Ending Balance(REO Loans)                                               0.00

Aggregate Number of Mortgage Loans                                        96

Aggregate Mortgage Principal Balance                          261,355,659.06

Weighted Average Remaining Term to Maturity                           104.47

Weighted Average Mortgage Rate                                       8.43263%

# of Loans Delinquent(1 month)                                             0

Balance of Loans Delinquent(1 month)                                    0.00

# of Loans Delinquent(2 month)                                             0

Balance of Loans Delinquent(2 month)                                    0.00

# of Loans Delinquent(3 month)                                             0

Balance of Loans Delinquent(3 month)                                    0.00

# of Loans Delinquent(In Foreclosure)                                      0

Balance of Loans Delinquent(In Foreclosure)                             0.00

Appraisal Value of REO Property                                         0.00

Available Distribution Amount                                   1,965,404.83

Scheduled Principal Distribution Amount                           151,166.62

Unscheduled Principal Distribution Amount                               0.00