SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C. 20549
                       __________________
                            FORM 10-K

                FOR ANNUAL AND TRANSITION REPORTS
             PURSUANT TO SECTIONS 13 OR 15(d) OF THE
                 SECURITIES EXCHANGE ACT OF 1934
(Mark One)

__x__     ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
     SECURITIES EXCHANGE ACT OF 1934
For the Fiscal Year Ended:  December 31, 1997
                               OR
_____     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
     THE SECURITIES EXCHANGE ACT OF 1934

                 Commission file number 33-93570

          Chase Manhattan Home Equity Loan Trust 1995-1
                              (issuer)
                    The Chase Manhattan Bank
     (Exact name of registrant as specified in its charter)


               New York                       13-2633612
    (State or Other Jurisdiction of         (IRS Employer
    Incorporation or Organization)          Identification
                                               Number)

   270 Park Avenue, New York, New York           10017
(Address of principal executive offices)      (Zip Code)
Registrant's telephone number, including area code:  (909) 205-6000

Securities registered pursuant to Section 12(b) of the Act:  NONE
Securities registered pursuant to Section 12(g) of the Act:  NONE

Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days:
                         Yes   X      No

Indicate by check mark if disclosure of delinquent filers
pursuant to Item 405 of Regulation S-K is not contained herein,
and will not be contained, to the best of registrant's knowledge,
in definitive proxy or information statements incorporated by
reference in Part III of this Form 10-K or any amendment to this
Form 10-K. __X__

State the aggregate market value of the voting stock held by non-
affiliates of the registrant:

The registrant has no voting stock or class of common stock outstanding
as of the date of this report.

        Introductory Note

Chase Manhattan Home Equity Loan Trust 1995-1 (the "Trust") was
formed pursuant to a Pooling and Servicing Agreement (the
"Agreement") between The Chase Manhattan Bank (the "Bank"), as
seller and servicer, and an unrelated trustee (the "Trustee").
The Trust files reports pursuant to Sections 13 and 15(d) of the
Securities Exchange Act of 1934, as amended the ("Exchange Act"),
in the manner described in "no-action" letters submitted to the
Office of Chief Counsel on behalf of the originators of
comparable trusts.  Accordingly, responses to certain Items have
been omitted from or modified in this Annual Report on Form 10-K.

                             Part I

Item 1.   Business

       Omitted.

Item 2.   Properties

       The aggregate amount of charge-offs with respect to the
       assets of the Trust for the year ended December 31, 1997
       was $252,324.53.  As of December 31, 1997, the aggregate
       Pool Balance of Receivables in the Trust was
       $281,633,774.30 and the aggregate principal balances of
       delinquent Receivables in the Trust were as follows:

             delinquency     principal
                             balance
             30-59 days      $3,835,119.99
             60-89 days      $565,156.90
             90-120 days     $166,818.49
             120+ days       $1,131,212.76


Item 3.   Legal Proceedings

       The registrant knows of no material pending proceedings
       with respect to the Trust, the Trustee or the Bank.

Item 4.   Submission of Matters to a Vote of Security Holders

       No matter was submitted to a vote of security holders
       during the fiscal year covered by this report.

                                Part II

Item 5.   Market for Registrant's Common Equity and Related
       Stockholders Matters

       The registrant has no voting stock or class of common
       stock outstanding as of the date of this report.  The
       beneficial interest in the Trust is represented by
       certificates of beneficial interest (the "Certificates").
       To the knowledge of the registrant, the Certificates are
       traded in the over-the-counter market to a limited extent.

       The records of the Trust indicate that as of December 31,
       1997, there was one Certificateholder of Record.

Item 6.   Selected Financial Data

       Omitted.

Item 7.   Management's Discussion and Analysis of Financial
       Condition and Results of Operations

       The Chase Manhattan Corporation (the "Corporation") has
       been actively working on the year 2000 computer problem
       for the past several years and has made significant
       progress in repairing its systems.  The Corporation's year
       2000 remediation program includes repair of the systems of
       the Servicer for the Trust.  To date, the Corporation has
       completed the inventory, assessment and strategy phases of
       its year 2000 program.  During these phases, the
       Corporation identified hardware and software that required
       modification, developed implementation plans, prioritized
       tasks and established implementation time frames.  The
       process undertaken by the Corporation has required working
       with vendors, third-party service providers and customers,
       as well as with the Corporation's internal users of
       systems applications.  Although many applications,
       interfaces and locations are already able to handle post-
       year 2000 data processing, much work remains to be
       completed.  During 1998, year 2000 activities are being
       given highest priority, and the Corporation is targeting
       to have all major systems repaired, including those
       systems that are used by the Corporation in connection
       with the Trust, and the majority of testing of such
       systems, including those used in connection with the
       Trust, completed by year end.  Notwithstanding the
       substantial expense involved in such efforts by the
       Corporation, it is not expected that the Trust will be
       required to bear any expense in connection with the
       Corporation's year 2000 remediation program.

       Item 7A.     Quantitative and Qualitative Disclosures
About Market Risk

        Not applicable.

Item 8.   Financial Statements and Supplementary Data

       Omitted.

Item 9.   Changes in and Disagreements with Accountants on
       Accounting and Financial Disclosure

       None.

                                Part III

Item 10.  Directors and Executive Officers of the Registrant

       Omitted.

Item 11.  Executive Compensation

       Omitted

Item 12.  Security Ownership of Certain Beneficial Owners and
       Management

       As of December 31, 1997, except for a Certificate
       registered in the name of the registrant, all of the
       Certificates were registered in the name of CEDE and Co.
       The registrant understands that CEDE and Co. is the
       nominee for The Depository Trust Company ("DTC").  The
       records of DTC indicate that at December 31, 1997, there
       were 10 participants in the DTC system that held positions
       in Certificates representing interests in the Trust equal
       to more than 5% of the total principal amount of
       Certificates outstanding on that date.

       The registrant understands that DTC has no knowledge of
       the actual beneficial owners of the Certificates held of
       record by CEDE & Co., and that DTC knows only the identity
       of the participants to whose accounts such Certificates
       are credited, who may or may not be the beneficial owners
       of the Certificates.



Item 13.  Certain Relationships and Related Transactions

       None.

                                Part IV

Item 14.  Exhibits, Financial Statement Schedules, and Reports of
       Form 8-K

          (a)  Exhibits. No exhibits are being filed as part of
          this Annual Report on Form 10-K..



       (b)  Reports on Form 8-K.

       The following reports were filed on Form 8-K in the
       fourth quarter of 1997:

date                  items reported        financial statements

October 20, 1997      5, 7                  monthly report to
                                            certificateholders
                                            dated 10/15/97

November 26, 1997     5, 7                  monthly report to
                                            certificateholders
                                            dated 11/17/97



                            SIGNATURE

          Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

                      Chase Manhattan Home Equity Loan Trust 1995-1

                      by The Chase Manhattan Bank


                      By:  /s/ Richard Dargan
                           Name:  Richard Dargan
                           Title: Vice President

Date:  March 31, 1998