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

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

        PERIOD  4                                       PAGE    # 1
        DETERMINATION:  10-Jul-97                       Beginning       6/1/97
        DISTRIBUTION:   15-Jul-97                       Ending         6/30/97
        TIME:   7/18/97 13:50

                        CLASS A-1 5.545%  MONEY  MARKET ASSET BACKED NOTES 
                        ClASS A-2 5.950%  ASSET  BACKED  NOTES  
                        CLASS A-3 6.250%  ASSET  BACKED  NOTES 
                        CLASS A-4 6.400%  ASSET  BACKED  NOTES 
                        CLASS A-5 6.500%  ASSET  BACKED  NOTES  
                        CLASS B-1 6.650%  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      $250,000,000.00         $137,941,828.40         $32,186,701.21     $616,159.33  $32,802,860.54    $105,755,127.19

A-2 Notes      $365,000,000.00         $365,000,000.00                  $0.00   $1,809,791.67   $1,809,791.67    $365,000,000.00

A-3 Notes      $270,000,000.00         $270,000,000.00                  $0.00   $1,406,250.00   $1,406,250.00    $270,000,000.00

A-4 Notes      $165,000,000.00         $165,000,000.00                  $0.00     $880,000.00     $880,000.00    $165,000,000.00

A-5 Notes       $85,500,000.00          $85,500,000.00                  $0.00     $463,125.00     $463,125.00     $85,500,000.00

NOTE TOTALS  $1,135,500,000.00       $1,023,441,828.40         $32,186,701.21   $5,175,326.00  $37,362,027.21    $991,255,127.19

B-1             $35,153,718.13          $35,153,718.13                  $0.00     $194,810.19     $194,810.19     $35,153,718.13

CERTIFICATE     $35,153,718.13          $35,153,718.13                  $0.00     $194,810.19     $194,810.19     $35,153,718.13
TOTALS

TOTALS       $1,170,653,718.13       $1,058,595,546.53         $32,186,701.21   $5,370,136.19  $37,556,837.40  $1,026,408,845.32



                            FACTOR   INFORMATION   PER   $1,000


                 PRINCIPAL       INTEREST        END PRINCIPAL
CLASS            DISTRIBUTION    DISTRIBUTION    BALANCE
<S>            <C>            <C>              <C>  
 
 A-1             128.74680484    2.46463732        423.02050876

 A-2               0.00000000    4.95833334      1,000.00000000

 A-3               0.00000000    5.20833333      1,000.00000000

 A-4               0.00000000    5.33333333      1,000.00000000

 A-5               0.00000000    5.41666667      1,000.00000000

Notes Totals      28.34583990    4.55775077        872.96796758

 B-1               0.00000000    5.54166672      1,000.00000000

Certificate Total  0.00000000    5.54166672      1,000.00000000

TOTALS            27.49463886    4.58729692        876.78262959

</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, 10TH FLOOR
                                          NEW YORK, NEW YORK 10001
                                          (212) 946-3247

<PAGE>



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

        PERIOD  4                               PAGE        # 2
DETERMINATION:  10-Jul-97                       Beginning       6/1/97
DISTRIBUTION:   15-Jul-97                       Ending         6/30/97
TIME:   7/18/97 13:50

                                                                  per $1000
                                                                  ---------
Section 5.8 (iii)   Servicing Fee                $882,162.96     0.75356439


Section 5.8 (iv)    Administration Fee             $1,000.00     0.00085422


Section 5.8 (vi)    Pool Balance at the end of
                      the Collection Period               $1,026,408,845.32


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        $98,372.36


Section 5.8 (ix)    Reserve Account Balance after 
                      Disbursement                           $26,742,572.87

Section 5.8 (x)     Specified Reserve Account Balance        $30,792,265.36

Section 5.8 (xi)    Total Distribution Amount                $40,477,008.34

                    Servicing Fee                               $882,162.96
                    Administrative Fee                            $1,000.00
                    Noteholders' Distribution Amount         $37,362,027.21
                    Certificateholders' Distribution Amount     $194,810.19
                    Deposit to Reserve Account                $2,037,007.98

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     $32,186,701.21    $616,159.33   $32,802,860.54  128.74680484            2.46463732             131.21144216 
        A-2              $0.00  $1,809,791.67    $1,809,791.67    0.00000000            4.95833334               4.95833334
        A-3              $0.00  $1,406,250.00    $1,406,250.00    0.00000000            5.20833333               5.20833333
        A-4              $0.00    $880,000.00      $880,000.00    0.00000000            5.33333333               5.33333333
        A-5              $0.00    $463,125.00      $463,125.00    0.00000000            5.41666667               5.41666667
        Total   $32,186,701.21  $5,175,326.00   $37,362,027.21   28.34583990            4.55775077              32.90359067

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       $194,810.19     $194,810.19       0.00000000            5.54166672          5.54166672
        Total       $0.00       $194,810.19     $194,810.19       0.00000000            5.54166672          5.54166672

</TABLE>

Section 5.8 (xiv)       Reserve Fund Transfer Amount           $2,037,007.98



(C) COPYRIGHT 1997, CHASE MANHATTAN BANK