Exhibit 20.1
Creation Date :  Thu Mar 12, 1998  07:04 PM       CMHE 1995-1       PAGE No. 001
 
                                   MONTHLY CERTIFICATE HOLDERS REPORT
                                   ----------------------------------
 
Due Period :  30Beginning Date     :  02/01/1998  End Date         :  02/28/1998
                Determination Date :  03/11/1998  Remittance Date  :  03/16/1998
 
 
                       CHASE HOME EQUITY LOAN TRUST, Series 1995-1 

     I. Floating Allocation Percentage

Beginning %   97.086579473821%        
Ending %      97.050934669403%        

    II. Cash Received

SERVICER            Chase Manhattan Bank, N.A.        
Interest Collected                2,148,265.03        
Principal Collected               8,684,220.73        
Additional Draw                   5,319,956.99        

   III. Pool Balance

Beginning Balance      278,353,953.27     278,353,953.27       
Principal Payments      11,947,947.18      11,947,947.18       
Prin Pay Rev             3,263,726.45       3,263,726.45       
Advances                 8,518,061.59       8,518,061.59       
Advance Rev              3,198,104.60       3,198,104.60       
Liquidation Loss            12,312.94          12,312.94       
Ending Balance         274,977,376.59     274,977,376.59       

<TABLE>
    IV. Interest to Certificateholders
<CAPTION>

              TRANCH       Beg. Balance             Rate    Schduled Int    Int Shrtfall   Disbrsed Int  
             <S>        <C>                   <C>         <C>           <C>            <C>                                
                 A-1     241,240,833.93        5.86500000% $ 1,061,158.12    $ 0.00     $ 1,061,158.12 
                 A-2      26,974,237.13        5.82000000%   $ 117,742.55    $ 0.00     $ 117,742.55 
               TOTAL     268,215,071.06                    $ 1,178,900.67    $ 0.00     $ 1,178,900.67 

                  SI       8,116,349.95        0.00000000%    $ 59,258.11       $ 0.00    $ 59,258.11 
               TOTAL       8,116,349.95                       $ 59,258.11       $ 0.00    $ 59,258.11 

     V. Principal to Certificateholders

              TRANCH       Beg. Balance  Schduled Principal    Recovered Loss   Ending Principal       Cert. Factor  
             <S>        <C>             <C>                   <C>              <C>                    <C>                       
                 A-1     241,240,833.93       3,036,673.63               0.00     238,204,160.30          0.6658673 
                 A-2      26,974,237.13         339,544.32               0.00      26,634,692.81          0.6658673 
               TOTAL     268,215,071.06       3,376,217.95               0.00     264,838,853.11                    

                  SI       8,116,349.95               0.00             358.73       8,115,991.22          0.9998702 
               TOTAL       8,116,349.95               0.00             358.73       8,115,991.22                    

    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     266,868,114.11 

</TABLE>
<PAGE>



Creation Date :  Thu Mar 12, 1998  07:04 PM       CMHE 1995-1       PAGE No. 002
 
                                   MONTHLY CERTIFICATE HOLDERS REPORT
                                   ----------------------------------
 
Due Period :  30Beginning Date     :  02/01/1998  End Date         :  02/28/1998
                Determination Date :  03/11/1998  Remittance Date  :  03/16/1998
 
 
  VIII. Liquidation Loss

Liquidation Loss Amount          12,312.94        
Loss Investor Cert.              11,954.21        
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             278,353,953.27        
Rate                                 0.5000%        
Servicing Fee                     115,980.81        

    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       3,036,673.63           1,000.00     $ 8.4886079639 
                 A-2      40,000,000.00         339,544.32           1,000.00     $ 8.4886080000 
               TOTAL     397,735,172.00       3,376,217.95                                       

                  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       1,061,158.12           1,000.00     $ 2.9663231436 
                 A-2      40,000,000.00         117,742.55           1,000.00     $ 2.9435637500 
               TOTAL     397,735,172.00       1,178,900.67                                       

                  SI       8,117,044.57          59,258.11           1,000.00     $ 7.3004539385 
               TOTAL       8,117,044.57          59,258.11                                       

  XIII. Insured Payment

               GROUP             Amount  
  MORTGAGE GROUP ONE               0.00 

   XIV. Transfer Deposit Amount

               GROUP             Amount  
  MORTGAGE GROUP ONE               0.00 



</TABLE>
<PAGE>

Creation Date :  Thu Mar 12, 1998  07:04 PM       CMHE 1995-1       PAGE No. 003
 
                                   MONTHLY CERTIFICATE HOLDERS REPORT
                                   ----------------------------------
 
Due Period :  30Beginning Date     :  02/01/1998  End Date         :  02/28/1998
                Determination Date :  03/11/1998  Remittance Date  :  03/16/1998
 
 
    XV. Delinquency Information for Due Period

              PERIOD Number of   Principal Balance  
             30 DAYS        106       3,483,137.75 
             60 DAYS         29         868,176.56 
             90 DAYS          5         147,162.73 
           120+ DAYS         23       1,761,292.17 
               TOTAL        163       6,259,769.21 

           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