Exhibit 20.1
                                                              


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

Due Period :  14Beginning Date     : 10/01/1996  End Date         :  10/31/1996
                Determination Date : 11/12/1996  Remittance Date  :  11/15/1996


                       CHASE HOME EQUITY LOAN TRUST, Series 1995-1

     I. Floating Allocation Percentage

Beginning %   97.607308245758%
Ending %      97.577545606777%

    II. Cash Received

SERVICER        The Chase Manhattan Bank
Interest Collected                2,849,456.26
Principal Collected              12,277,167.24
Additional Draw                   8,109,530.69

   III. Pool Balance

Beginning Balance      339,214,189.86     339,214,189.86
Principal Payments      13,011,207.93      13,011,207.93
Prin Pay Rev               734,040.69         734,040.69
Advances                 8,120,405.68       8,120,405.68
Advance Rev                 10,874.99          10,874.99
Liquidation Loss                 0.00               0.00
Ending Balance         335,046,553.31     335,046,553.31

    IV. Interest to Certificateholders
<TABLE>
<CAPTION>

              TRANCH       Beg. Balance               Rate   Schduled Int Int Shrtfall   Disbrsed Int
              <S>      <C>                   <C>           <C>            <C>           <C>    

                 A-1     295,974,339.11        5.62281000% $ 1,433,067.55       $ 0.00 $ 1,433,067.55
                 A-2      33,094,239.80        5.64000000%   $ 160,727.69       $ 0.00   $ 160,727.69
               TOTAL     329,068,578.91                    $ 1,593,795.24       $ 0.00 $ 1,593,795.24

                  SI       8,116,349.95        0.00000000%    $ 64,796.89       $ 0.00    $ 64,796.89
               TOTAL       8,116,349.95                       $ 64,796.89       $ 0.00    $ 64,796.89

     V. Principal to Certificateholders

              TRANCH       Beg. Balance Schduled Principal     Recovered Loss   Ending Principal       Cert. Factor
             <S>        <C>             <C>                   <C>              <C>                     <C>    

                 A-1     295,974,339.11       3,748,499.71               0.00     292,225,839.40          0.8168776
                 A-2      33,094,239.80         419,136.84               0.00      32,675,102.96          0.8168776
               TOTAL     329,068,578.91       4,167,636.55               0.00     324,900,942.36

                  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

    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     326,930,203.36
</TABLE>
<PAGE>

  VIII. Liquidation Loss

Liquidation Loss Amount               0.00
Loss Investor Cert.                   0.00
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             339,214,189.86
Rate                                 0.5000%
Servicing Fee                     141,339.25

    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       3,748,499.71           1,000.00    $ 10.4784209197
                 A-2      40,000,000.00         419,136.84           1,000.00    $ 10.4784210000
               TOTAL     397,735,172.00       4,167,636.55

                  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       1,433,067.55           1,000.00     $ 4.0059453533
                 A-2      40,000,000.00         160,727.69           1,000.00     $ 4.0181922500
               TOTAL     397,735,172.00       1,593,795.24

                  SI       8,117,044.57          64,796.89           1,000.00     $ 7.9828180616
               TOTAL       8,117,044.57          64,796.89
</TABLE>

  XIII. Insured Payment

               GROUP             Amount
  MORTGAGE GROUP ONE               0.00

   XIV. Transfer Deposit Amount

               GROUP             Amount
  MORTGAGE GROUP ONE               0.00

    XV. Delinquency Information for Due Period

              PERIOD     Number of   Principal Balance
             30 DAYS         85       3,108,541.50
             60 DAYS         13         468,969.51
             90 DAYS          6         277,091.98
           120+ DAYS         16         716,209.33
               TOTAL        120       4,570,812.32

           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