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

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

        PERIOD                                1       PAGE                 # 1

        DETERMINATION:                10-Apr-97       Beginning         3/1/97
        DISTRIBUTION:                 15-Apr-97       Ending           3/31/97

                        CLASS  A-1  5.545%  MONEY  MARKET ASSET BACKED NOTES  
                        CLASS  A-2  5.95%   ASSET  BACKED NOTES 
                        CLASS  A-3  6.25%   ASSET  BACKED NOTES
                        CLASS  A-4  6.40%   ASSET  BACKED NOTES
                        CLASS  A-5  6.50%   ASSET  BACKED NOTES  
                        CLASS  B-1  6.65%   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     $250,000,000.00     $44,145,949.33     $1,039,687.50     $45,185,637.43    $205,854,050.07

A-2 Notes    $365,000,000.00     $365,000,000.00              $0.00     $1,568,486.11      $1,568,486.11    $365,000,000.00

A-3 Notes    $270,000,000.00     $270,000,000.00              $0.00     $1,218,750.00      $1,218,750.00    $270,000,000.00

A-4 Notes    $165,000,000.00     $165,000,000.00              $0.00       $762,666.67        $762,666.67    $165,000,000.00

A-5 Notes     $85,500,000.00      $85,500,000.00              $0.00       $401,375.00        $401,375.00     $85,500,000.00

NOTE
TOTALS     $1,135,500,000.00   $1,135,500,000.00     $44,145,949.93     $4,990,965.28     $49,136,915.21  $1,091,354,050.07

B-1           $35,153,718.13      $35,153,718.13              $0.00       $168,835.50        $168,835.50     $35,153,718.13

CERTIFICATE
TOTALS        $35,153,718.13      $35,153,718.13              $0.00       $168,835.50        $168,835.50     $35,153,718.13

TOTALS     $1,170,653,718.13   $1,170,653,718.13     $44,145,949.93     $5,159,800.78     $49,305,750.71  $1,126,507,768.20


                            FACTOR   INFORMATION   PER   $1,000

                 PRINCIPAL           INTEREST             END PRINCIPAL
CLASS            DISTRIBUTION        DISTRIBUTION         BALANCE
<S>             <C>                <C>               <C>
 A-1              176.58379972       4.15875000           823.41620028

 A-2                0.00000000       4.29722222         1,000.00000000

 A-3                0.00000000       4.51388889         1,000.00000000

 A-4                0.00000000       4.62222224         1,000.00000000

 A-5                0.00000000       4.69444444         1,000.00000000

Notes Totals       38.87798321       4.39538994           961.12201679

B-1                 0.00000000       4.80277788         1,000.00000000

Certficate Totals   0.00000000       4.80277788         1,000.00000000

TOTALS             37.71051101       4.40762345           962.28948899

</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

@ CHASE MANHATTAN BANKING CORPORATION

<PAGE>
                                 SERIES 1997-A
                        STATEMENT TO CERTIFICATEHOLDERS


                PERIOD 1                    PAGE              # 2

DETERMINATION:         10-Apr-97            Beginning      3/1/97
DISTRIBUTION:          15-Apr-97            Ending        3/31/97



                                                                     per $1000
                                                                     ---------

Section 5.8 (iii)   Servicing Fee                     $975,544.77   .8333333333

Section 5.8 (iv)    Administration Fee                  $1,000.00   .0008542236

Section 5.8 (vi)    Pool Balance at the end of  
                    the Collection Period       $1,126,507,768.20

Section 5.8 (vii)   Repurchase Amounts for 
                    Repurchased Receivables
                            By Seller                       $0.00
                            By Servicer                $78,312.44
                            TOTAL                      $78,312.44

Section 5.8 (viii) Realized Losses for Collection
                   Period                                   $0.00


Section 5.8 (ix)   Reserve Account Balance 
                   after Disbursement              $20,803,645.44


Section 5.8 (x)    Specified Reserve Account 
                   Balance                         $33,795,233.05


Section 5.8 (xi)   Total Distribution Amount       $53,494,938.58

                       Servicing Fee                  $975,544.77

                       Administrative Fee               $1,000.00

                       Noteholders' Distribution
                       Amount                      $49,136,915.21

                       Certifcateholders'
                       Distribution Amount            $168,835.50

                       Deposit to Reserve
                       Account                      $3,212,643.10
<TABLE>
<CAPTION>

Section 5.8 (xii)  Noteholders' 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>             

   A-1        $44,145,949.93    $1,039,687.50    $45,185,637.43         176.58379972      4.15875000            180.74254972
   A-2                 $0.00    $1,568,486.11     $1,568,486.11            .00000000      4.29722222              4.29722222
   A-3                 $0.00    $1,218,750.00     $1,218,750.00            .00000000      4.51388889              4.51388889
   A-4                 $0.00      $762,666.67       $762,666.67            .00000000      4.62222224              4.62222222
   A-5                 $0.00      $401,375.00       $401,375.00            .00000000      4.69444444              4.69444444

   Total      $44,145,949.93    $4,990,965.28    $49,136,915.21          38.87798321      4.39538994             43.27337315


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     $168,835.50     $168,835.50          0.00000000           4.80277788               4.80277788      
          Total      $0.00     $168,835.50     $168,835.50          0.00000000           4.80277788               4.80277788
</TABLE>

Section 5.8 (xiv)   Reserve Fund Transfer Amount              $0.00