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

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

        PERIOD  1                                       PAGE    # 1
        DETERMINATION:  10-Jul-97                       Beginning       6/1/97
        DISTRIBUTION:   15-Jul-97                       Ending         6/30/97
        TIME:   7/18/97 13:42

                        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         $200,000,000.00         $32,671,618.62     $861,600.00  $33,533,218.62    $167,328,381.38

A-2 Notes      $294,000,000.00         $294,000,000.00                  $0.00   $1,345,050.00   $1,345,050.00    $294,000,000.00

A-3 Notes      $227,000,000.00         $227,000,000.00                  $0.00   $1,081,087.50   $1,081,087.50    $227,000,000.00

A-4 Notes      $133,000,000.00         $133,000,000.00                  $0.00     $648,375.00     $648,375.00    $133,000,000.00

A-5 Notes       $70,000,000.00          $70,000,000.00                  $0.00     $346,500.00     $346,500.00     $70,000,000.00

NOTE TOTALS    $924,000,000.00         $924,000,000.00         $32,671,618.62   $4,282,612.50  $36,954,231.12    $891,328,381.38

B-1             $29,148,275.79          $29,148,275.79                  $0.00     $147,563.15     $147,563.15     $29,148,275.79

CERTIFICATE     $29,148,275.79          $29,148,275.79                  $0.00     $147,563.15     $147,563.15     $29,148,275.79
TOTALS

TOTALS         $953,148,275.79         $953,148,275.79         $32,671,618.62   $4,430,175.65  $37,101,794.27    $920,476,657.17



                            FACTOR   INFORMATION   PER   $1,000


                          PRINCIPAL       INTEREST        END PRINCIPAL
CLASS                     DISTRIBUTION    DISTRIBUTION    BALANCE
<S>                     <C>            <C>              <C>  
 
 A-1                      163.35809310    4.30800000        836.64190690

 A-2                        0.00000000    4.57500000      1,000.00000000

 A-3                        0.00000000    4.76250000      1,000.00000000

 A-4                        0.00000000    4.87500000      1,000.00000000

 A-5                        0.00000000    4.95000000      1,000.00000000

Note Totals                35.35889461    4.63486201        964.64110539

 B-1                        0.00000000    5.06250013      1,000.00000000

Certificate Totals          0.00000000    5.06250013      1,000.00000000

TOTALS                     34.27758246    4.64793964        965.72241754

</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-B
STATEMENT TO CERTIFICATEHOLDERS

        PERIOD  1                               PAGE        # 2
DETERMINATION:  10-Jul-97                       Beginning       6/1/97
DISTRIBUTION:   15-Jul-97                       Ending         6/30/97
TIME:   7/18/97 13:42

                                                                  per $1000
                                                                  ---------
Section 5.8 (iii)   Servicing Fee                $794,290.23     .8333333333


Section 5.8 (iv)    Administration Fee             $1,000.00     .0010491547


Section 5.8 (vi)    Pool Balance at the end of
                      the Collection Period                 $920,476,657.17


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             $0.00


Section 5.8 (ix)    Reserve Account Balance after 
                      Disbursement                           $16,957,267.54

Section 5.8 (x)     Specified Reserve Account Balance        $27,614,299.72

Section 5.8 (xi)    Total Distribution Amount                $40,528,945.63

                    Servicing Fee                               $794,290.23
                    Administrative Fee                            $1,000.00
                    Noteholders' Distribution Amount         $36,954,231.12
                    Certificateholders' Distribution Amount     $147,563.15
                    Deposit to Reserve Account                $2,631,861.13

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     $32,671,618.62    $861,600.00   $33,533,218.62  163.35809310            4.30800000             167.66609310 
        A-2              $0.00  $1,345,050.00    $1,345,050.00    0.00000000            4.57500000               4.57500000
        A-3              $0.00  $1,081,087.50    $1,081,087.50    0.00000000            4.76250000               4.76250000
        A-4              $0.00    $648,375.00      $648,375.00    0.00000000            4.87500000               4.87500000
        A-5              $0.00    $346,500.00      $346,500.00    0.00000000            4.95000000               4.95000000
        Total   $32,671,618.62  $4,282,612.50   $36,954,231.12   35.35889461            4.63486201              39.99375662

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       $147,563.15     $147,563.15       0.00000000            5.06250013              5.06250013
        Total       $0.00       $147,563.15     $147,563.15       0.00000000            5.06250013              5.06250013

</TABLE>

Section 5.8 (xiv)       Reserve Fund Transfer Amount           $2,631,861.13



(C) COPYRIGHT 1997, CHASE MANHATTAN BANK