Creation Date:  Wed Jan 13, 1999  12:47 PM      CMHE 1995-1         PAGE No. 001
 
                                   MONTHLY CERTIFICATE HOLDERS REPORT
                                   ----------------------------------
 
Due Period:  40 Beginning Date    :  12/01/1998  End Date       :     12/31/1998
                Determination Date:  01/12/1999  Remittance Date:     01/15/1999
 
 
                       CHASE HOME EQUITY LOAN TRUST, Series 1995-1 

     I. Floating Allocation Percentage

Beginning %   96.416462666172%        
Ending %      96.304032406983%        

    II. Cash Received

SERVICER            Chase Manhattan Bank, N.A.        
Interest Collected                1,748,895.13        
Principal Collected              11,053,640.44        
Additional Draw                   4,175,868.83        

   III. Pool Balance

Beginning Balance      226,184,345.66     226,184,345.66       
Principal Payments      13,377,524.62      13,377,524.62       
Prin Pay Rev             2,323,884.18       2,323,884.18       
Advances                 4,958,379.50       4,958,379.50       
Advance Rev                782,510.67         782,510.67       
Liquidation Loss            88,441.15          88,441.15       
Ending Balance         219,218,132.90     219,218,132.90       

    IV. Interest to Certificateholders
<TABLE>

              TRANCH       Beg. Balance            Rate     Schduled Int  Int Shrtfall   Disbrsed Int  
<S>                  <C>                <C>                <C>            <C>          <C>
                 A-1     194,321,690.35        5.77550000%   $ 966,429.24       $ 0.00   $ 966,429.24 
                 A-2      21,727,993.84        5.38000000%   $ 100,660.97       $ 0.00   $ 100,660.97 
               TOTAL     216,049,684.19                    $ 1,067,090.21       $ 0.00 $ 1,067,090.21 

                  SI       8,106,307.19        0.00000000%    $ 59,301.69       $ 0.00    $ 59,301.69 
               TOTAL       8,106,307.19                       $ 59,301.69       $ 0.00    $ 59,301.69 

     V. Principal to Certificateholders

              TRANCH       Beg. Balance Schduled Principal     Recovered Loss   Ending Principal       Cert. Factor  
                 A-1     194,321,690.35       6,262,774.12               0.00     188,058,916.23          0.5256931 
                 A-2      21,727,993.84         700,269.32               0.00      21,027,724.52          0.5256931 
               TOTAL     216,049,684.19       6,963,043.44               0.00     209,086,640.75                    

                  SI       8,106,307.19               0.00               0.00       8,106,307.19          0.9986772 
               TOTAL       8,106,307.19               0.00               0.00       8,106,307.19                    
</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     211,115,901.75 


Creation Date:  Wed Jan 13, 1999  12:47 PM       CMHE 1995-1        PAGE No. 002
 
                                   MONTHLY CERTIFICATE HOLDERS REPORT
                                   ----------------------------------
 
Due Period: 40  Beginning Date    :  12/01/1998  End Date          :  12/31/1998
                Determination Date:  01/12/1999  Remittance Date   :  01/15/1999
 
 
  VIII. Liquidation Loss

Liquidation Loss Amount          88,441.15        
Loss Investor Cert.              85,271.83        
Reimbursed Amount                     0.00        
Unreimbursed Amount                   0.00        

    IX. Loss Recovery

Total Amount               0.00        

     X. Servicing Fee

SERVICER          Chase Manhattan Bank, N.A.        
Beginning Balance             226,184,345.66        
Rate                                 0.5000%        
Servicing Fee                      94,243.48        

    XI. Single Certificate Principal Distribution

<TABLE>
              TRANCH      Orig. Balance   Sched. Principal  Certificate Value    Pr.Dist / Cert.  
<S>                  <C>                <C>                <C>               <C>
                 A-1     357,735,172.00       6,262,774.12           1,000.00    $ 17.5067329415 
                 A-2      40,000,000.00         700,269.32           1,000.00    $ 17.5067330000 
               TOTAL     397,735,172.00       6,963,043.44                                       

                  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.  
                 A-1     357,735,172.00         966,429.24           1,000.00     $ 2.7015214484 
                 A-2      40,000,000.00         100,660.97           1,000.00     $ 2.5165242500 
               TOTAL     397,735,172.00       1,067,090.21                                       

                  SI       8,117,044.57          59,301.69           1,000.00     $ 7.3058228877 
               TOTAL       8,117,044.57          59,301.69                                       
</TABLE>

  XIII. Insured Payment

               GROUP             Amount  
  MORTGAGE GROUP ONE               0.00 

   XIV. Transfer Deposit Amount

               GROUP             Amount  
  MORTGAGE GROUP ONE               0.00 



Creation Date:  Wed Jan 13, 1999  12:47 PM       CMHE 1995-1        PAGE No. 003
 
                                   MONTHLY CERTIFICATE HOLDERS REPORT
                                   ----------------------------------
 
Due Period:  40 Beginning Date    :  12/01/1998  End Date           : 12/31/1998
                Determination Date:  01/12/1999  Remittance Date    : 01/15/1999
 
 
    XV. Delinquency Information for Due Period

              PERIOD  Number of   Principal Balance  
             30 DAYS         80       2,527,548.43 
             60 DAYS         22         534,142.42 
             90 DAYS          4         152,604.25 
           120+ DAYS         20         890,628.20 
               TOTAL        126       4,104,923.30 

           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                Chase Manhattan Bank, N.A.        
Required Advances                             0.00        
Nonrecoverable Advances                       0.00