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<CAPTION>
                                                                               Exhibit 20.1
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     RUN DATE:10/08/96   15:48:57           Chase Commercial Mortgage Securities Corp.                            Page  1
     DIST. DATE:  9/18/96                  Commercial Mortgage Pass-Through Certificates
     REC. DATE:   8/30/96


                                  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  189,605,631.08      397,163.80    1,200,835.66            0.00            0.00    1,597,999.46  189,208,467.28
 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    1,220,690.96        1,471.97            0.00            0.00            0.00        1,471.97    1,219,218.99
 R                         0.00            0.00            9.12            0.00            0.00            9.12            0.00
 X    161505AD4  442,763,545.57            0.00      302,820.75            0.00            0.00      302,820.75  442,364,909.80


   TOTAL:        442,763,543.04      398,635.77    3,099,267.93            0.00            0.00    3,497,903.70  442,364,907.27
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<TABLE>
<CAPTION>


     RUN DATE:10/08/96   15:48:57           Chase Commercial Mortgage Securities Corp.                            Page  2
     DIST. DATE:  9/18/96                  Commercial Mortgage Pass-Through Certificates
     REC. DATE:   8/30/96
                                  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   161505A   1,200,835.66               0.00            0.00    2.09033579     6.32018768   995.83403832    7.60000   7.60000
 A2   161505A     781,666.35               0.00            0.00    0.00000000     6.33333337 1,000.00000000    7.60000   7.60000
 P    161505A           0.00               0.00            0.00    1.20440632     0.00000000   997.59849413    0.00000   0.00000
 B    161505A     168,400.57               0.00            0.00    0.00000000     6.33333350 1,000.00000000    7.60000   7.60000
 C    161505A     140,333.80               0.00            0.00    0.00000000     6.33333317 1,000.00000000    7.60000   7.60000
 D    161505A      98,233.66               0.00            0.00    0.00000000     6.33333329 1,000.00000000    7.60000   7.60000
 E    161505A      70,166.90               0.00            0.00    0.00000000     6.33333345 1,000.00000000    7.60000   7.60000
 F    161505A     154,367.18               0.00            0.00    0.00000000     6.33333314 1,000.00000000    7.60000   7.60000
 G    161505A     112,267.04               0.00            0.00    0.00000000     6.33333324 1,000.00000000    7.60000   7.60000
 H    161505A      70,166.90               0.00            0.33    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    161505A     302,820.75               0.00            0.00    0.00000000     0.68332245   998.20726409    0.82072   0.82071

   TOTAL:       3,099,258.81               0.00            0.33
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<TABLE>
<CAPTION>

     RUN DATE:10/08/96   15:49:00           Chase Commercial Mortgage Securities Corp.                            Page  3
     DIST. DATE:  9/18/96                  Commercial Mortgage Pass-Through Certificates
     REC.  DATE:  8/30/96
                                  Series 1996-1

                       Monthly Certificate Holders Report

          <S>                                                             <C>


         P & I Advances                                                     25,209.18

         Servicing Compensation                                             49,579.56

         Beginning Balance(Mortgage Loans)                             442,763,545.57

         Ending Balance(Mortgage Loans)                                442,364,909.80

         Beginning Balance(REO Loans)                                            0.00

         Aggregate Number of Mortgage Loans                                        87

         Aggregate Mortgage Principal Balance                          442,364,909.80

         Weighted Average Remaining Term to Maturity                           111.71

         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)                                             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                                   3,497,903.70

         Scheduled Principal Distribution Amount                           398,635.77

         Unscheduled Principal Distribution Amount                               0.00

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