CHASE MANHATTAN AUTO OWNER TRUST                                                
SERIES 1997-B                                                   
STATEMENT TO CERTIFICATEHOLDERS                                                 
                                                        
PERIOD  12                                              PAGE    # 1     
DETERMINATION:  10-Jun-98                               Beginning        5/1/98 
DISTRIBUTION:   15-Jun-98                               Ending          5/31/98 
TIME:   6/15/98 21:22                                           
                        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>
                                                                        
                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             $0.00            $0.00              $0.00            $0.00            $0.00         
                                                        
 A-2 Notes      $294,000,000.00   $205,437,377.34   $23,980,826.90      $1,044,306.67   $25,025,133.57  $181,456,550.44         
                                                        
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   $635,437,377.34   $23,980,826.90      $3,350,931.67   $27,331,758.57  $611,456,550.44         
                                                        
B-1              $29,148,275.79    $29,148,275.79            $0.00        $163,959.05      $163,959.05   $29,148,275.79         
CERT 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   $664,585,653.13   $23,980,826.90      $3,514,890.72   $27,495,717.62  $640,604,826.23         
                                                        
                                                        
                                                        
                                                        
                                                        
           FACTOR   INFORMATION   PER   $1,000                                          
                                                        
                                                        
        PRINCIPAL       INTEREST        END PRINCIPAL                           
CLASS   DISTRIBUTION    DISTRIBUTION    BALANCE                         
<S>    <C>             <C>             <C>                                 
A-1      0.00000000     0.00000000          0.00000000                          
                                                        
A-2     81.56743844     3.55206350        617.19915116                          
                                                        
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  25.95327587     3.62654943        661.74951346                          
                                                        
B-1      0.00000000     5.62499995      1,000.00000000                          
Totals   0.00000000     5.62499995      1,000.00000000                          
TOTALS  25.15959742     3.68766414        672.09356876                          
                                                        
                                                        
                                                        
</TABLE>
<PAGE>
                                                     

CHASE MANHATTAN AUTO OWNER TRUST                                                
SERIES 1997-B                                                   
STATEMENT TO CERTIFICATEHOLDERS                                                 
                                                        
        PERIOD  12                              PAGE        # 2         
DETERMINATION:  10-Jun-98                       Beginning        5/1/98         
DISTRIBUTION:   15-Jun-98                       Ending          5/31/98         
TIME:   6/15/98 21:22                                           
                                                        
                                                        
                                                        
<TABLE>
                                                                       per $1000               
                    
Section 5.8 (iii)       Servicing Fee                 $553,821.38     0.58104431              
                                                        
                                                        
Section 5.8 (iv)        Administration Fee              $1,000.00     0.00104915              
                                                        
                                                        
<S>                    <C>                                                          <C>                              
Section 5.8 (vi)        Pool Balance at the end of the Collection Period               $640,604,826.23                  
                                                        
                                                        
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 Net Losses for Collection Period                          $415,233.11                  
                                                        
                                                        
Section 5.8 (ix)        Reserve Account Balance after Disbursement                      $19,218,144.79                  
                                                        
                                                        
Section 5.8 (x)         Specified Reserve Account Balance                               $19,218,144.79                  
                                                        
                                                        
Section 5.8 (xi)        Total Distribution Amount                                       $28,580,990.20                  
                                                        
                        Servicing Fee                                                      $553,821.38                  
                        Administrative Fee                                                   $1,000.00                  
                        Noteholders' Distribution Amount                                $27,331,758.57                  
                        Certificateholders' Distribution Amount                            $163,959.05                  
                        Deposit to Reserve Account                                         $530,451.20                  
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
                                                        
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              $0.00          $0.00            $0.00           0.00000000             0.00000000               0.00000000 
        A-2     $23,980,826.90  $1,044,306.67   $25,025,133.57          81.56743844             3.55206350              85.11950194 
        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   $23,980,826.90  $3,350,931.67   $27,331,758.57          25.95327587             3.62654943              29.57982529 
                                                        
                                                        
                                                        
                                                        
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 
                                                        
                                                        
                                                        
                                                        
Section 5.8 (xiv)       Reserve Fund Transfer Amount            $530,451.20                             
                                                        
                                                        
                                                        
</TABLE>
                                                        
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