Exhibit 20.1
                                                               ------------
     
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------

Due Period :  26Beginning Date     :  10/01/1997  End Date         : 10/31/1997
                Determination Date :  11/12/1997  Remittance Date  : 11/17/1997


                       CHASE HOME EQUITY LOAN TRUST, Series 1995-1

     I. Floating Allocation Percentage

Beginning %   97.229218380744%
Ending %      97.206697339030%

    II. Cash Received

SERVICER           The Chase Manhattan Bank
Interest Collected                2,372,337.55
Principal Collected               8,855,334.29
Additional Draw                   6,495,450.24

   III. Pool Balance

Beginning Balance      292,717,686.00     292,717,686.00
Principal Payments      14,257,500.76      14,257,500.76
Prin Pay Rev             5,402,166.47       5,402,166.47
Advances                10,304,476.86      10,304,476.86
Advance Rev              3,809,026.62       3,809,026.62
Liquidation Loss            19,401.70          19,401.70
Ending Balance         290,338,400.25     290,338,400.25

    IV. Interest to Certificateholders

<TABLE>
<CAPTION>

 TRANCH       Beg. Balance       Rate        Schduled Int    Int Shrtfall   Disbrsed Int
<S>       <C>                 <C>         <C>              <C>            <C>                                 
                 
   A-1     254,159,162.80    5.86500000%   $ 1,366,423.20       $ 0.00       $ 1,366,423.20
   A-2      28,418,694.36    5.84000000%     $ 152,134.74       $ 0.00         $ 152,134.74
 TOTAL     282,577,857.16                  $ 1,518,557.94       $ 0.00       $ 1,518,557.94

    SI       8,116,349.95    0.00000000%      $ 62,397.34       $ 0.00          $ 62,397.34
 TOTAL       8,116,349.95                     $ 62,397.34       $ 0.00          $ 62,397.34

     V. Principal to Certificateholders

     TRANCH       Beg. Balance    Schduled Principal     Recovered Loss   Ending Principal       Cert. Factor
   <S>         <C>              <C>                    <C>              <C>                    <C>                     
        A-1     254,159,162.80       2,139,518.82               0.00     252,019,643.98          0.7044866
        A-2      28,418,694.36         239,229.35               0.00      28,179,465.01          0.7044866
      TOTAL     282,577,857.16       2,378,748.17               0.00     280,199,108.99

         SI       8,116,349.95               0.00               0.00       8,116,349.95          0.9999144
      TOTAL       8,116,349.95               0.00               0.00       8,116,349.95
</TABLE>

    VI. Overdue Interest

               GROUP   Overdue Interest    Int. On Overdue  Remaining Overdue
  MORTGAGE GROUP ONE               0.00               0.00               0.00

   VII. Invested Amount

               GROUP    Invested Amount
  MORTGAGE GROUP ONE     282,228,369.99


<PAGE>


                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------

Due Period :  26Beginning Date     :  10/01/1997  End Date         : 10/31/1997
                Determination Date :  11/12/1997  Remittance Date  : 11/17/1997


  VIII. Liquidation Loss

Liquidation Loss Amount          19,401.70
Loss Investor Cert.              18,864.12
Reimbursed Amount                     0.00
Unreimbursed Amount                   0.00

    IX. Loss Recovery

Total Amount               0.00

     X. Servicing Fee

SERVICER            The Chase Manhattan Bank
Beginning Balance             292,717,686.00
Rate                                 0.5000%
Servicing Fee                     121,965.70

    XI. Single Certificate Principal Distribution
<TABLE>
<CAPTION>

              TRANCH      Orig. Balance   Sched. Principal   Certificate Value    Pr.Dist / Cert.
             <S>       <C>               <C>               <C>                  <C>                         
                 A-1     357,735,172.00       2,139,518.82           1,000.00     $ 5.9807337591
                 A-2      40,000,000.00         239,229.35           1,000.00     $ 5.9807337500
               TOTAL     397,735,172.00       2,378,748.17

                  SI       8,117,044.57               0.00           1,000.00     $ 0.0000000000
               TOTAL       8,117,044.57               0.00

   XII. Single Certificate Interest Distribution

              TRANCH      Orig. Balance    Sched. Interest   Certificate Value   Int.Dist / Cert.
            <S>        <C>               <C>                <C>                <C>                                  
                 A-1     357,735,172.00       1,366,423.20           1,000.00     $ 3.8196501405
                 A-2      40,000,000.00         152,134.74           1,000.00     $ 3.8033685000
               TOTAL     397,735,172.00       1,518,557.94

                  SI       8,117,044.57          62,397.34           1,000.00     $ 7.6871993817
               TOTAL       8,117,044.57          62,397.34
</TABLE>

  XIII. Insured Payment

               GROUP             Amount
  MORTGAGE GROUP ONE               0.00

   XIV. Transfer Deposit Amount

               GROUP             Amount
  MORTGAGE GROUP ONE               0.00

<PAGE>



                                   MONTHLY CERTIFICATE HOLDERS REPORT
                                   ----------------------------------

Due Period :  26Beginning Date     :  10/01/1997  End Date         : 10/31/1997
                Determination Date :  11/12/1997  Remittance Date  : 11/17/1997


    XV. Delinquency Information for Due Period

              PERIOD    Number of   Principal Balance

             30 DAYS        113       3,604,149.87
             60 DAYS         25         537,819.65
             90 DAYS          3         101,545.54
           120+ DAYS         23         993,095.50
               TOTAL        164       5,236,610.56

           FORECLOSR          0               0.00
               TOTAL          0               0.00

                 REO          0               0.00
               TOTAL          0               0.00

   XVI. Book Value REO Property

               GROUP              Value
  MORTGAGE GROUP ONE               0.00

  XVII. Servicer Advance

SERVICER               The Chase Manhattan Bank
Required Advances                             0.00
Nonrecoverable Advances                       0.00