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

CHASE MANHATTAN AUTO OWNER TRUST
SERIES 1997-A
STATEMENT TO CERTIFICATEHOLDERS

        PERIOD  8                                      PAGE    # 1
        DETERMINATION:  10-Nov-97                      Beginning       10/1/97
        DISTRIBUTION:   17-Nov-97                      Ending          10/31/97
        TIME:   11/12/97 21:53

                        CLASS A-1 5.545%  MONEY  MARKET ASSET BACKED NOTES CLASS
                        A-2 5.950%  ASSET  BACKED  NOTES CLASS A-3 6.250%  ASSET
                        BACKED  NOTES CLASS A-4 6.400%  ASSET BACKED NOTES CLASS
                        A-5 6.500%  ASSET  BACKED  NOTES CLASS B-1 6.650%  ASSET
                        BACKED CERTIFICATES
<TABLE>
<CAPTION>

                ORIG PRINCIPAL      BEG PRINCIPAL       PRINCIPAL       INTEREST        TOTAL           END PRINCIPAL
CLASS           BALANCE             BALANCE             DISTRIBUTION    DISTRIBUTION    DISTRIBUTION    BALANCE
<S>           <C>                 <C>                 <C>             <C>             <C>              <C>               

A-1 Notes         $250,000,000.00    $11,984,447.72     $11,984,447.72     $60,915.95   $12,045,363.67            $0.00

A-2 Notes         $365,000,000.00   $365,000,000.00     $18,950,321.55  $1,809,791.67   $20,760,113.22  $346,049,678.45

A-3 Notes         $270,000,000.00   $270,000,000.00              $0.00  $1,406,250.00    $1,406,250.00  $270,000,000.00

A-4 Notes         $165,000,000.00   $165,000,000.00              $0.00    $880,000.00      $880,000.00  $165,000,000.00

A-5 Notes          $85,500,000.00    $85,500,000.00              $0.00    $463,125.00      $463,125.00   $85,500,000.00

 NOTE TOTALS    $1,135,500,000.00   $897,484,447.72     $30,934,769.27  $4,620,082.62   $35,554,851.89  $866,549,678.45

B-1                $35,153,718.13    $35,153,718.13              $0.00    $194,810.19      $194,810.19   $35,153,718.13
TOTAL              $35,153,718.13    $35,153,718.13              $0.00    $194,810.19      $194,810.19   $35,153,718.13
GRAND TOTAL     $1,170,653,718.13   $932,638,165.85     $30,934,769.27  $4,814,892.81   $35,749,662.08  $901,703,396.58


                            FACTOR   INFORMATION   PER   $1,000

        PRINCIPAL       INTEREST        END PRINCIPAL
CLASS   DISTRIBUTION    DISTRIBUTION    BALANCE
<S>   <C>             <C>             <C>  

A-1     47.93779088     0.24366380          0.00000000

A-2     51.91868918     4.95833334        948.08131082

A-3      0.00000000     5.20833333      1,000.00000000

A-4      0.00000000     5.33333333      1,000.00000000

A-5      0.00000000     5.41666667      1,000.00000000
Totals  27.24330187     4.06876497        763.14370625

B-1      0.00000000     5.54166672      1,000.00000000
Total    0.00000000     5.54166672      1,000.00000000
TOTALS  26.42520909     4.11299493        770.25629579

</TABLE>

 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
<PAGE>

CHASE MANHATTAN AUTO OWNER TRUST
SERIES 1997-A
STATEMENT TO CERTIFICATEHOLDERS

        PERIOD  8                               PAGE        # 2
DETERMINATION:  10-Nov-97                       Beginning       10/1/97
DISTRIBUTION:   17-Nov-97                       Ending          10/31/97
TIME:   11/12/97 21:53



                                                                     per $1000
Section 5.8 (iii)   Servicing Fee                   $777,198.47     0.66390125

Section 5.8 (iv)    Administration Fee                $1,000.00     0.00085422

Section 5.8 (vi)    Pool Balance at the end of
                      the Collection Period                    $901,703,396.58

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 Losses for Collection Period          $499,748.79

Section 5.8 (ix)    Reserve Account Balance after Disbursement  $27,051,101.90

Section 5.8 (x)     Specified Reserve Account Balance           $27,051,101.90

Section 5.8 (xi)    Total Distribution Amount                   $37,781,132.82

                    Servicing Fee                                  $777,198.47
                    Administrative Fee                               $1,000.00
                    Noteholders' Distribution Amount            $35,554,851.89
                    Certificateholders' Distribution Amount        $194,810.19
                    Deposit to Reserve Account                   $1,253,272.27

Section 5.8 (xii)   Noteholders' Distributable Amount

<TABLE>
<CAPTION>

        Class   Principal       Interest        Total          Prin (per $1000/orig)  Int (per $1000/orig)  Total (per $1000/orig)
      <S>     <C>              <C>            <C>              <C>                    <C>                  <C>                

        A-1     $11,984,447.72     $60,915.95   $12,045,363.67        47.93779088            0.24366380               48.18145468
        A-2     $18,950,321.55  $1,809,791.67   $20,760,113.22        51.91868918            4.95833334               56.87702252
        A-3              $0.00  $1,406,250.00    $1,406,250.00         0.00000000            5.20833333                5.20833333
        A-4              $0.00    $880,000.00      $880,000.00         0.00000000            5.33333333                5.33333333
        A-5              $0.00    $463,125.00      $463,125.00         0.00000000            5.41666667                5.41666667
        Total   $30,934,769.27  $4,620,082.62   $35,554,851.89        27.24330187            4.06876497               31.31206683


Section 5.8 (xiii)      Certificateholders' Distributable Amount

        Class   Principal       Interest        Total          Prin (per $1000/orig)   Int (per $1000/orig)  Total (per $1000/orig)
       <S>    <C>             <C>             <C>             <C>                     <C>                   <C>              
        B-1     $0.00           $194,810.19     $194,810.19            0.00000000            5.54166672                5.54166672
        Total   $0.00           $194,810.19     $194,810.19            0.00000000            5.54166672                5.54166672
</TABLE>

Section 5.8 (xiv)       Reserve Fund Transfer Amount              $1,253,272.27

(C) COPYRIGHT 1997, CHASE MANHATTAN BANK