SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                               ------------------

                                    FORM 8-K

                                 CURRENT REPORT


                         Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934


                        Date of Report: January 24, 1997
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                            THE CHASE MANHATTAN BANK
              (formerly known as "The Chase Manhattan Bank, N.A.")
             ------------------------------------------------------
                  (Originator of the Trust referred to herein)
             (Exact name of registrant as specified in its charter)


                  CHASE MANHATTAN HOME EQUITY LOAN TRUST 1995-1
                  --------------------------------------------
                      (Issuer with respect to Certificates)


       New York              33-93570                13-2633612
      ---------------     -----------------       ------------------
      (State or other      (Commission            (IRS Employer
      jurisdiction of      File Number)         Identification No.)
      incorporation)


        270 Park Avenue, New York, New York               10017
      -------------------------------------------       ----------
      (Address of principal executive offices)          (Zip code)


                                (212) 270-6000
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                (Registrant's telephone number, including area code)

<PAGE>


Item 5. Other Events

    On 1/15/1997,  Chase Manhattan Home Equity Loan Trust 1995-1 (the "Trust")
made the  distribution to  Certificateholders  contemplated  by the Pooling and
Servicing Agreement, dated as of September 1, 1995, between The Chase Manhattan
Bank, as Seller and Servicer, and Norwest Bank Minnesota,  National Association,
as Trustee.

A copy of the  Certificateholder  Report for such  Distribution  Date  delivered
pursuant to section 5.03 of the Pooling and  Servicing  Agreement is being filed
as an exhibit to this Current Report on Form 8-K.


Item 7 (c).     Exhibits
                --------

Exhibit         Description
-------         -----------

20.1            Monthly Certificateholders statement with respect to the
                January 15, 1997 distribution.


<PAGE>


                             SIGNATURES
                             ----------


      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
Bank has  caused  this report  to be signed  on its  behalf by the  undersigned
thereunto duly authorized.


                                    THE CHASE MANHATTAN BANK 


                                    /s/ William J. Murray
                                    ---------------------
                                    By: William J. Murray
                                    Title: Vice President

Date: January 24, 1997



<PAGE>

                                        INDEX TO EXHIBITS
                                        -----------------

                                                   
  Exhibit                   Description                                
  -------                   -----------                            

     20.1           Certificateholder Report dated                 
                    1/15/1997 delivered pursuant to 
                    Section 5.03 of the  Pooling  and  
                    Servicing   Agreement dated as  of
                    September 1, 1995.