Exhibit 20.1
                                                              

 
                                   MONTHLY CERTIFICATE HOLDERS REPORT
                                   ----------------------------------
 
Due Period :  28Beginning Date     :  12/01/1997  End Date         :  12/31/1997
                Determination Date :  01/12/1998  Remittance Date  :  01/15/1998
 
 
                       CHASE HOME EQUITY LOAN TRUST, Series 1995-1

     I. Floating Allocation Percentage

Beginning %   97.173201407461%
Ending %      97.120508280601%

    II. Cash Received

SERVICER            Chase Manhattan Bank, N.A.
Interest Collected                2,625,439.25
Principal Collected              11,200,028.82
Additional Draw                   5,950,215.75

   III. Pool Balance

Beginning Balance      286,883,587.37     286,883,587.37
Principal Payments      13,860,353.92      13,860,353.92
Prin Pay Rev             2,660,325.10       2,660,325.10
Advances                 6,974,846.71       6,974,846.71
Advance Rev              1,024,630.96       1,024,630.96
Liquidation Loss                 0.00               0.00
Ending Balance         281,633,774.30     281,633,774.30

    IV. Interest to Certificateholders
<TABLE>
<CAPTION>

              TRANCH       Beg. Balance               Rate   Schduled Int Int Shrtfall   Disbrsed Int
             <S>          <C>                        <C>    <C>          <C>            <C>            
                 A-1     248,912,647.58        6.22050000% $ 1,333,310.97       $ 0.00 $ 1,333,310.97
                 A-2      27,832,057.58        6.17000000%   $ 147,873.27       $ 0.00   $ 147,873.27
               TOTAL     276,744,705.16                    $ 1,481,184.24       $ 0.00 $ 1,481,184.24

                  SI       8,116,349.95        0.00000000%    $ 70,895.65       $ 0.00    $ 70,895.65
               TOTAL       8,116,349.95                       $ 70,895.65       $ 0.00    $ 70,895.65

     V. Principal to Certificateholders

              TRANCH       Beg. Balance Schduled Principal     Recovered Loss   Ending Principal       Cert.
Factor
                 A-1     248,912,647.58       4,721,842.36               0.00     244,190,805.22
0.6826022
                 A-2      27,832,057.58         527,970.71               0.00      27,304,086.87
0.6826022
               TOTAL     276,744,705.16       5,249,813.07               0.00
271,494,892.09

                  SI       8,116,349.95               0.00               0.00       8,116,349.95
0.9999144
               TOTAL       8,116,349.95               0.00               0.00
8,116,349.95

    VI. Overdue Interest

               GROUP   Overdue Interest    Int. On Overdue  Remaining Overdue
  MORTGAGE GROUP ONE               0.00               0.00               0.00

   VII. Invested Amount

               GROUP    Invested Amount
  MORTGAGE GROUP ONE     273,524,153.09

</TABLE>

  VIII. Liquidation Loss

Liquidation Loss Amount               0.00
Loss Investor Cert.                   0.00
Reimbursed Amount                     0.00
Unreimbursed Amount                   0.00

    IX. Loss Recovery

Total Amount               0.00

     X. Servicing Fee

SERVICER          Chase Manhattan Bank, N.A.
Beginning Balance             286,883,587.37
Rate                                 0.5000%
Servicing Fee                     119,534.83

    XI. Single Certificate Principal Distribution
<TABLE>
<CAPTION>

              TRANCH      Orig. Balance   Sched. Principal  Certificate Value    Pr.Dist / Cert.
             <S>         <C>             <C>               <C>                  <C>                 
                 A-1     357,735,172.00       4,721,842.36           1,000.00    $ 13.1992678651
                 A-2      40,000,000.00         527,970.71           1,000.00    $ 13.1992677500
               TOTAL     397,735,172.00       5,249,813.07

                  SI       8,117,044.57               0.00           1,000.00     $ 0.0000000000
               TOTAL       8,117,044.57               0.00

   XII. Single Certificate Interest Distribution

              TRANCH      Orig. Balance    Sched. Interest  Certificate Value   Int.Dist / Cert.
                 A-1     357,735,172.00       1,333,310.97           1,000.00     $ 3.7270894068
                 A-2      40,000,000.00         147,873.27           1,000.00     $ 3.6968317500
               TOTAL     397,735,172.00       1,481,184.24

                  SI       8,117,044.57          70,895.65           1,000.00     $ 8.7341703484
               TOTAL       8,117,044.57          70,895.65
</TABLE>

  XIII. Insured Payment

               GROUP             Amount
  MORTGAGE GROUP ONE               0.00

   XIV. Transfer Deposit Amount

               GROUP             Amount
  MORTGAGE GROUP ONE               0.00


    XV. Delinquency Information for Due Period

              PERIOD Number of   Principal Balance
             30 DAYS        109       3,835,119.99
             60 DAYS         12         565,156.90
             90 DAYS          6         166,818.49
           120+ DAYS         24       1,131,212.76
               TOTAL        151       5,698,308.14

           FORECLOSR          0               0.00
               TOTAL          0               0.00

                 REO          0               0.00
               TOTAL          0               0.00

   XVI. Book Value REO Property

               GROUP              Value
  MORTGAGE GROUP ONE               0.00

  XVII. Servicer Advance

SERVICER                Chase Manhattan Bank, N.A.
Required Advances                             0.00
Nonrecoverable Advances                       0.00


<PAGE> 
                                   MONTHLY DETAIL REPORT
                                   ---------------------
 
Due Period :  28Beginning Date     :  12/01/1997  End Date         :  12/31/1997
                Determination Date :  01/12/1998  Remittance Date  :  01/15/1998
 
 
                       CHASE HOME EQUITY LOAN TRUST, Series 1995-1

     I. Cash Received

SERVICER                   Chase Manhattan Bank, N.A.              TOTAL
Principal Payments                      13,860,353.92      13,860,353.92
Prin Pay Rev                             2,660,325.10       2,660,325.10
Advances                                 6,974,846.71       6,974,846.71
Advance Rev                              1,024,630.96       1,024,630.96
Interest Payments                        2,861,820.02       2,861,820.02
Interest Pay Rev                           236,380.77         236,380.77
Servicer Advance                                 0.00               0.00
Earnings on Spread Account                  16,343.45          16,343.45
Loss Recovery                                    0.00               0.00
Total                                    7,891,595.77       7,891,595.77

    II. Pool Balance

Beginning Balance      286,883,587.37     286,883,587.37
Principal Payments      13,860,353.92      13,860,353.92
Prin Pay Rev             2,660,325.10       2,660,325.10
Advances                 6,974,846.71       6,974,846.71
Advance Rev              1,024,630.96       1,024,630.96
Liquidation Loss                 0.00               0.00
Ending Balance         281,633,774.30     281,633,774.30

   III. Totals

               GROUP          Principal           Advances           Interest
  MORTGAGE GROUP ONE      11,200,028.82       5,950,215.75       2,625,439.25

    IV. Servicing Fee

SERVICER          Chase Manhattan Bank, N.A.
Beginning Balance             286,883,587.37
Rate                                 0.5000%
Servicing Fee                     119,534.83

     V. Servicing Advances

SERVICER         Chase Manhattan Bank, N.A.
Current Advances                       0.00

    VI. Index Rates

Index               Rate
    2          5.980470%
    3          5.900000%

   VII. Number of Interest Days                31
  
  VIII. Interest to Certificateholders
<TABLE>
<CAPTION>

              TRANCH       Beg. Balance               Rate   Schduled Int Int Shrtfall   Disbrsed Int
             <S>          <C>                        <C>    <C>           <C>           <C>           
                 A-1     248,912,647.58        6.22050000% $ 1,333,310.97       $ 0.00 $ 1,333,310.97
                 A-2      27,832,057.58        6.17000000%   $ 147,873.27       $ 0.00   $ 147,873.27
               TOTAL     276,744,705.16                    $ 1,481,184.24       $ 0.00 $ 1,481,184.24

                  SI       8,116,349.95        0.00000000%    $ 70,895.65       $ 0.00    $ 70,895.65
               TOTAL       8,116,349.95                       $ 70,895.65       $ 0.00    $ 70,895.65

    IX. Principal to Certificateholders

               TRANCH       Beg. Balance Schduled Principal      Loss Recovery   Ending Principal Cert.Factor
              <S>          <C>          <C>                     <C>             <C>              <C>    

                 A-1     248,912,647.58       4,721,842.36               0.00     244,190,805.22  0.6826021715
                 A-2      27,832,057.58         527,970.71               0.00      27,304,086.87  0.6826021718
               TOTAL     276,744,705.16       5,249,813.07               0.00     271,494,892.09
                  SI       8,116,349.95               0.00               0.00       8,116,349.95  0.9999144245
               TOTAL       8,116,349.95               0.00               0.00       8,116,349.95
</TABLE>

     X. Residual Payments to Class SI

Total Cash Amount              7,891,595.77
Policy Premium                    14,705.43
Servicing Fee                    119,534.83
Principal Distribution         5,249,813.07
Interest Distribution          1,552,079.89
Reimbursed Servicing Adv         209,246.62
Spread Account                    16,343.45
Residual Interest                729,872.48

    XI. Single Certificate Principal Distribution
<TABLE>
<CAPTION>

              TRANCH      Orig. Balance   Sched. Principal  Certificate Value    Pr.Dist / Cert.
             <S>         <C>             <C>               <C>                  <C>                       
                 A-1     357,735,172.00       4,721,842.36           1,000.00    $ 13.1992678651
                 A-2      40,000,000.00         527,970.71           1,000.00    $ 13.1992677500
               TOTAL     397,735,172.00       5,249,813.07

                  SI       8,117,044.57               0.00           1,000.00     $ 0.0000000000
               TOTAL       8,117,044.57               0.00

   XII. Single Certificate Interest Distribution

              TRANCH      Orig. Balance    Sched. Interest  Certificate Value   Int.Dist / Cert.
                 A-1     357,735,172.00       1,333,310.97           1,000.00     $ 3.7270894068
                 A-2      40,000,000.00         147,873.27           1,000.00     $ 3.6968317500
               TOTAL     397,735,172.00       1,481,184.24

                  SI       8,117,044.57          70,895.65           1,000.00     $ 8.7341703484
               TOTAL       8,117,044.57          70,895.65


  XIII. Distribution to Tranches

              TRANCH     Disbursed Prin      Disbursed Int Total Disbursement
                 A-1       4,721,842.36       1,333,310.97       6,055,153.33
                 A-2         527,970.71         147,873.27         675,843.98
               TOTAL       5,249,813.07       1,481,184.24       6,730,997.31

                  SI               0.00          70,895.65          70,895.65
               TOTAL               0.00          70,895.65          70,895.65
</TABLE>

   XIV. Distributions from Interest Collection

Amount To Investor Interest              2,435,067.55
Policy Premium                              14,705.43
Accrued Interest Paid                    1,481,184.24
Overdue Accrued Interest                         0.00
Reimbursed Servicer Advance                209,246.62
Liquidation Loss Amount                          0.00
Past Due Liquidation Loss Amount                 0.00
Draws from Policy                                0.00
Accelerated Principal Dist. Amount               0.00
Spread Account                                   0.00
Carryover Amount                                 0.00
To the Seller                              729,931.26

    XV. Overcollateralized Amount

Beginning Balance       2,029,261.00
Additions                       0.00
Subtractions                    0.00
Ending Balance          2,029,261.00
Required Amount         2,029,261.00

   XVI. Spread Account

Beginning Balance                3,538,981.41
Additions                                0.00
Earnings                            16,343.45
Amount Drawn                             0.00
Ending Balance                   3,538,981.41
Release of Excess Funds             16,343.45
Spread Account Requirement       3,538,981.41

  XVII. Float Allocation Percentage

Beginning %   97.173201407461%
Ending %      97.120508280601%

 XVIII. Prior Month Number of Loans

Beginning Loan Number      12061
Loans Paid Off               118
Ending Loan Number         11943
 
   XIX. Delinquency Information for Due Period

              PERIOD Number of   Principal Balance
             30 DAYS        109       3,835,119.99
             60 DAYS         12         565,156.90
             90 DAYS          6         166,818.49
           120+ DAYS         24       1,131,212.76
               TOTAL        151       5,698,308.14

           FORECLOSR          0               0.00
               TOTAL          0               0.00

                 REO          0               0.00
               TOTAL          0               0.00

    XX. Weighted Average Coupon Rate

        A. GROUP MORTGAGE GROUP ONE