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

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

        PERIOD  4                                       PAGE    # 1
        DETERMINATION:  10-Oct-97                       Beginning       9/1/97
        DISTRIBUTION:   15-Oct-97                       Ending          9/30/97
        TIME:   10/14/97 23:15
                        CLASS A-1 5.744%  MONEY  MARKET ASSET BACKED NOTES CLASS
                        A-2 6.100%  ASSET  BACKED  NOTES CLASS A-3 6.350%  ASSET
                        BACKED  NOTES CLASS A-4 6.500%  ASSET BACKED NOTES CLASS
                        A-5 6.600%  ASSET  BACKED  NOTES CLASS B-1 6.750%  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      $200,000,000.00     $112,952,358.62   $27,022,380.47      $540,665.29   $27,563,045.76   $85,929,978.15

 A-2 Notes      $294,000,000.00     $294,000,000.00            $0.00    $1,494,500.00    $1,494,500.00  $294,000,000.00

A-3 Notes       $227,000,000.00     $227,000,000.00            $0.00    $1,201,208.33    $1,201,208.33  $227,000,000.00

A-4 Notes       $133,000,000.00     $133,000,000.00            $0.00      $720,416.67      $720,416.67  $133,000,000.00

A-5 Notes        $70,000,000.00      $70,000,000.00            $0.00      $385,000.00      $385,000.00   $70,000,000.00
NOTE TOTALS     $924,000,000.00     $836,952,358.62   $27,022,380.47    $4,341,790.29   $31,364,170.76  $809,929,978.15

B-1              $29,148,275.79      $29,148,275.79            $0.00      $163,959.05      $163,959.05   $29,148,275.79
CERT TOTALS      $29,148,275.79      $29,148,275.79            $0.00      $163,959.05      $163,959.05   $29,148,275.79
TOTALS          $953,148,275.79     $866,100,634.41   $27,022,380.47    $4,505,749.34   $31,528,129.81  $839,078,253.94


                          FACTOR INFORMATION PER $1,000


        PRINCIPAL       INTEREST        END PRINCIPAL
CLASS   DISTRIBUTION    DISTRIBUTION    BALANCE
<S>  <C>             <C>              <C>  
 
A-1    135.11190235    2.70332645        429.64989075

 A-2      0.00000000    5.08333333      1,000.00000000

 A-3      0.00000000    5.29166665      1,000.00000000

 A-4      0.00000000    5.41666669      1,000.00000000

A-5       0.00000000    5.50000000      1,000.00000000
Totals   29.24500051    4.69890724        876.54759540

B-1       0.00000000    5.62499995      1,000.00000000
Totals    0.00000000    5.62499995      1,000.00000000
TOTALS   28.35065766    4.72722813        880.32289965

</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-B
STATEMENT TO CERTIFICATEHOLDERS

        PERIOD  4                               PAGE        # 2
DETERMINATION:  10-Oct-97                       Beginning       9/1/97
DISTRIBUTION:   15-Oct-97                       Ending          9/30/97
TIME:   10/14/97 23:15

                                                                      per $1000
Section 5.8 (iii)       Servicing Fee                   $721,750.53  0.75722797

Section 5.8 (iv)        Administration Fee                $1,000.00  0.00104915

Section 5.8 (vi)        Pool Balance at the end of the 
                          Collection Period                     $839,078,253.94

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        $47,647.03

Section 5.8 (ix)        Reserve Account Balance 
                          after Disbursement                     $22,413,261.29

Section 5.8 (x)         Specified Reserve Account Balance        $25,172,347.62

Section 5.8 (xi)        Total Distribution Amount                $34,140,386.16

                        Servicing Fee                               $721,750.53
                        Administrative Fee                            $1,000.00
                        Noteholders' Distribution Amount         $31,364,170.76
                        Certificateholders' Distribution Amount     $163,959.05
                        Deposit to Reserve Account                $1,889,505.82

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     $27,022,380.47    $540,665.29   $27,563,045.76     135.11190235        2.70332645                137.81522880
        A-2              $0.00  $1,494,500.00    $1,494,500.00       0.00000000        5.08333333                  5.08333333
        A-3              $0.00  $1,201,208.33    $1,201,208.33       0.00000000        5.29166665                  5.29166665
        A-4              $0.00    $720,416.67      $720,416.67       0.00000000        5.41666669                  5.41666669
        A-5              $0.00    $385,000.00      $385,000.00       0.00000000        5.50000000                  5.50000000
        Total   $27,022,380.47  $4,341,790.29   $31,364,170.76      29.24500051        4.69890724                 33.94390775


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       $163,959.05     $163,959.05           0.00000000             5.62499995                5.62499995
        Total       $0.00       $163,959.05     $163,959.05           0.00000000             5.62499995                5.62499995
</TABLE>

Section 5.8 (xiv)       Reserve Fund Transfer Amount            $1,889,505.82


(C) COPYRIGHT 1997, CHASE MANHATTAN BANK