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

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

PERIOD  2                                       PAGE    # 1
DETERMINATION:  8-Aug-97                        Beginning       7/1/97
DISTRIBUTION:   15-Aug-97                       Ending          7/31/97
TIME:   8/12/97 22:08
                        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   $167,328,381.38   $28,738,893.27         $827,643.36    $29,566,536.63  $138,589,488.11

A-2 Notes     $294,000,000.00   $294,000,000.00            $0.00       $1,494,500.00     $1,494,500.00  $294,000,000.00

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   $891,328,381.38   $28,738,893.27       $4,628,768.36    $33,367,661.63  $862,589,488.11

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   $920,476,657.17   $28,738,893.27       $4,792,727.41    $33,531,620.68  $891,737,763.90




          FACTOR   INFORMATION   PER   $1,000


        PRINCIPAL       INTEREST         END PRINCIPAL
CLASS   DISTRIBUTION    DISTRIBUTION           BALANCE
<S>    <C>            <C>             <C>

A-1     143.69446635      4.13821680      692.94744055

A-2       0.00000000      5.08333333    1,000.00000000

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   31.10269834      5.00948957      933.53840705

B-1       0.00000000      5.62499995    1,000.00000000
Totals    0.00000000      5.62499995    1,000.00000000
TOTALS   30.15154515      5.02831252      935.57087239

</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, 15TH FLOOR
                            NEW YORK, NEW YORK 10001
                                 (212) 946-3247

<PAGE>



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

PERIOD  2                                       PAGE        # 2
DETERMINATION:  8-Aug-97                        Beginning       7/1/97
DISTRIBUTION:   15-Aug-97                       Ending          7/31/97
TIME:   8/12/97 22:08


                                                                     per $1000
Section 5.8 (iii)  Servicing Fee                   $767,063.88     .8047686803

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

Section 5.8 (vi)   Pool Balance at the end of the 
                     Collection Period                         $891,737,763.90

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             $6,003.80

Section 5.8 (ix)   Reserve Account Balance after Disbursement   $18,961,532.59

Section 5.8 (x)    Specified Reserve Account Balance            $26,752,132.92

Section 5.8 (xi)   Total Distribution Amount                    $36,230,339.97

                           Servicing Fee                           $767,063.88
                           Administrative Fee                        $1,000.00
                           Noteholders' Distribution Amount     $33,367,661.63
                           Certificateholders' Distribution Amount $163,959.05
                           Deposit to Reserve Account            $1,930,655.41

<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     $28,738,893.27    $827,643.36   $29,566,536.63     143.69446635             4.13821680              147.83268315
        A-2              $0.00  $1,494,500.00    $1,494,500.00       0.00000000             5.08333333                5.08333333
        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   $28,738,893.27  $4,628,768.36   $33,367,661.63      31.10269834             5.00948957               36.11218791


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

</TABLE>

Section 5.8 (xiv)       Reserve Fund Transfer Amount            $1,930,655.41



(C) COPYRIGHT 1997, CHASE MANHATTAN BANK