Exhibit 20.1
                                                               ------------

CHASE MANHATTAN AUTO OWNER TRUST
SERIES 1997-B
STATEMENT TO CERTIFICATEHOLDERS

        PERIOD  5                                      PAGE    # 1
        DETERMINATION:  10-Nov-97                      Beginning       10/1/97
        DISTRIBUTION:   17-Nov-97                      Ending          10/31/97
        TIME:   11/12/97 22:04

                        CLASS A-1 5.744%  MONEY  MARKET ASSET BACKED NOTES CLASS
                        A-2 6.100%  ASSET  BACKED  NOTES CLASS A-3 6.350%  ASSET
                        BACKED  NOTES CLASS A-4 6.500%  ASSET BACKED NOTES CLASS
                        A-5 6.600%  ASSET  BACKED  NOTES CLASS B-1 6.750%  ASSET
                        BACKED CERTIFICATES
<TABLE>
<CAPTION>

                ORIG PRINCIPAL     BEG PRINCIPAL        PRINCIPAL       INTEREST        TOTAL           END PRINCIPAL
CLASS           BALANCE            BALANCE              DISTRIBUTION    DISTRIBUTION    DISTRIBUTION    BALANCE
<S>           <C>                <C>                  <C>             <C>             <C>              <C>                  

A-1 Notes       $200,000,000.00     $85,929,978.15      $27,235,732.92    $452,449.98   $27,688,182.90   $58,694,245.23

A-2 Notes       $294,000,000.00    $294,000,000.00               $0.00  $1,494,500.00    $1,494,500.00  $294,000,000.00

A-3 Notes       $227,000,000.00    $227,000,000.00               $0.00  $1,201,208.33    $1,201,208.33  $227,000,000.00

A-4 Notes       $133,000,000.00    $133,000,000.00               $0.00    $720,416.67      $720,416.67  $133,000,000.00

A-5 Notes        $70,000,000.00     $70,000,000.00               $0.00    $385,000.00      $385,000.00   $70,000,000.00
NOTE TOTALS     $924,000,000.00    $809,929,978.15      $27,235,732.92  $4,253,574.98   $31,489,307.90  $782,694,245.23

B-1              $29,148,275.79     $29,148,275.79               $0.00    $163,959.05      $163,959.05   $29,148,275.79
TOTALS           $29,148,275.79     $29,148,275.79               $0.00    $163,959.05      $163,959.05   $29,148,275.79
TOTALS          $953,148,275.79    $839,078,253.94      $27,235,732.92  $4,417,534.03   $31,653,266.95  $811,842,521.02


                            FACTOR   INFORMATION   PER   $1,000


        PRINCIPAL       INTEREST        END PRINCIPAL
CLASS   DISTRIBUTION    DISTRIBUTION    BALANCE
<S>    <C>            <C>              <C>

A-1     136.17866460    2.26224990        293.47122615

A-2       0.00000000    5.08333333      1,000.00000000

A-3       0.00000000    5.29166665      1,000.00000000

A-4       0.00000000    5.41666669      1,000.00000000

A-5       0.00000000    5.50000000      1,000.00000000
Totals   29.47590143    4.60343613        847.07169397

B-1       0.00000000    5.62499995      1,000.00000000
Totals    0.00000000    5.62499995      1,000.00000000
TOTALS   28.57449739    4.63467662        851.74840226

</TABLE>

IF THERE ARE ANY QUESTIONS OR COMMENTS, PLEASE CONTACT 
THE ADMINISTRATOR LISTED BELOW


                                          KIM COSTA
                         THE CHASE MANHATTAN BANK - ASPG
                        450 WEST 33RD STREET, 15TH FLOOR
                            NEW YORK, NEW YORK 10001
                                 (212) 946-3247


<PAGE>

CHASE MANHATTAN AUTO OWNER TRUST
SERIES 1997-B
STATEMENT TO CERTIFICATEHOLDERS

PERIOD  5                                       PAGE        # 2
DETERMINATION:  10-Nov-97                       Beginning       10/1/97
DISTRIBUTION:   17-Nov-97                       Ending          10/31/97
TIME:   11/12/97 22:04


                                                                     per $1000
Section 5.8 (iii)    Servicing Fee                   $699,231.88     0.73360242


Section 5.8 (iv)     Administration Fee                $1,000.00     0.00104915

Section 5.8 (vi)     Pool Balance at the end 
                      of the Collection Period                  $811,842,521.02

Section 5.8 (vii)    Repurchase Amounts for Repurchased Receivable
                     By Seller               $0.00
                     By Servicer             $0.00
                     TOTAL                   $0.00

Section 5.8 (viii)   Realized Losses for Collection Period          $148,163.11

Section 5.8 (ix)     Reserve Account Balance after Disbursement  $24,096,196.07

Section 5.8 (x)      Specified Reserve Account Balance           $24,355,275.63

Section 5.8 (xi)     Total Distribution Amount                   $33,935,945.36

                     Servicing Fee                                  $699,231.88
                     Administrative Fee                               $1,000.00
                     Noteholders' Distribution Amount            $31,489,307.90
                     Certificateholders' Distribution Amount        $163,959.05
                     Deposit to Reserve Account                   $1,582,446.53

Section 5.8 (xii)    Noteholders' Distributable Amount

<TABLE>
<CAPTION>

    Class   Principal        Interest        Total           Prin (per $1000/orig)   Int (per $1000/orig)  Total (per $1000/orig)
  <S>      <C>              <C>            <C>               <C>                    <C>                   <C>                     

     A-1     $27,235,732.92    $452,449.98   $27,688,182.90        136.17866460            2.26224990              138.44091450
     A-2              $0.00  $1,494,500.00    $1,494,500.00          0.00000000            5.08333333                5.08333333
     A-3              $0.00  $1,201,208.33    $1,201,208.33          0.00000000            5.29166665                5.29166665
     A-4              $0.00    $720,416.67      $720,416.67          0.00000000            5.41666669                5.41666669
     A-5              $0.00    $385,000.00      $385,000.00          0.00000000            5.50000000                5.50000000
     Total   $27,235,732.92  $4,253,574.98   $31,489,307.90         29.47590143            4.60343613               34.07933755

Section 5.8 (xiii)      Certificateholders' Distributable Amount

        Class   Principal       Interest        Total           Prin (per $1000/orig)  Int (per $1000/orig)  Total (per $1000/orig)
      <S>     <C>             <C>             <C>              <C>                    <C>                   <C>                 

        B-1     $0.00           $163,959.05     $163,959.05             0.00000000            5.62499995                5.62499995
        Total   $0.00           $163,959.05     $163,959.05             0.00000000            5.62499995                5.62499995
</TABLE>


Section 5.8 (xiv)    Reserve Fund Transfer Amount                 $1,582,446.53

(C) COPYRIGHT 1997, CHASE MANHATTAN BANK