Exhibit 20.1
                                                                 ------------
                                       
<TABLE>
<CAPTION>

                Chase Commercial Mortgage Securities Corp. Page 1
                  Commercial Mortgage Pass-Through Certificates

                                  Series 1996-1

                       Monthly Certificate Holders Report



 CLAS CUSIP        BEG. BALANCE     PRIN. DIST.      INT. DIST.      PREP PENAL    COLL DEFICIT      TOTAL DIST    END BALANCE
<S>   <C>        <C>               <C>            <C>                 <C>               <C>       <C>           <C>             

 A1   161505AA0  188,405,643.29      405,700.59    1,193,235.74            0.00            0.00    1,598,936.33  187,999,942.70
 A2   161505AB8  123,421,002.00            0.00      781,666.35            0.00            0.00      781,666.35  123,421,002.00
 B    161505AE2   26,589,563.00            0.00      168,400.57            0.00            0.00      168,400.57   26,589,563.00
 C    161505AF9   22,157,969.00            0.00      140,333.80            0.00            0.00      140,333.80   22,157,969.00
 D    161505AG7   15,510,578.00            0.00       98,233.66            0.00            0.00       98,233.66   15,510,578.00
 E    161505AH5   11,078,984.00            0.00       70,166.90            0.00            0.00       70,166.90   11,078,984.00
 F    161505AJ1   24,373,766.00            0.00      154,367.18            0.00            0.00      154,367.18   24,373,766.00
 G    161505AK8   17,726,375.00            0.00      112,267.04            0.00            0.00      112,267.04   17,726,375.00
 H    161505AL6   11,078,984.00            0.00       70,176.04            0.00            0.00       70,176.04   11,078,984.00
 P    161505AC6    1,216,247.95        1,499.14            0.00            0.00            0.00        1,499.14    1,214,748.81
 R                         0.00            0.00            0.00            0.00            0.00            0.00            0.00
 X    161505AD4  441,559,114.77            0.00      301,993.32            0.00            0.00      301,993.32  441,151,915.04


   TOTAL:        441,559,112.24      407,199.73    3,090,840.60            0.00            0.00    3,498,040.33  441,151,912.51
</TABLE>

<PAGE>

<TABLE>
<CAPTION>

                Chase Commercial Mortgage Securities Corp. Page 2
                  Commercial Mortgage Pass-Through Certificates

                                  Series 1996-1

                       Monthly Certificate Holders Report



 CLAS CUSIP         ACCR INT       APPR RED AMT    UNPAID INT     PRIN FACTOR     INT FACTOR  E. BAL FACTOR  CURR RATE  NEXT RATE
<S>  <C>       <C>                  <C>            <C>           <C>             <C>         <C>             <C>       <C>        

 A1   161505A   1,193,235.74               0.00            0.00    2.13526626     6.28018811   989.47338263    7.60000   7.60000
 A2   161505A     781,666.35               0.00            0.00    0.00000000     6.33333337 1,000.00000000    7.60000   7.60000
 P    161505A           0.00               0.00            0.00    1.22663756     0.00000000   993.94086997    0.00000   0.00000
 B    161505A     168,400.57               0.00            0.00    0.00000000     6.33333350 1,000.00000000    7.60000   7.60000
 C    161505A     140,333.80               0.00            0.00    0.00000000     6.33333317 1,000.00000000    7.60000   7.60000
 D    161505A      98,233.66               0.00            0.00    0.00000000     6.33333329 1,000.00000000    7.60000   7.60000
 E    161505A      70,166.90               0.00            0.00    0.00000000     6.33333345 1,000.00000000    7.60000   7.60000
 F    161505A     154,367.18               0.00            0.00    0.00000000     6.33333314 1,000.00000000    7.60000   7.60000
 G    161505A     112,267.04               0.00            0.00    0.00000000     6.33333324 1,000.00000000    7.60000   7.60000
 H    161505A      70,166.90               0.00          382.89    0.00000000     6.33415844 1,000.00000000    7.60000   7.60000
 R                      0.00               0.00            0.00    0.00000000     0.00000000     0.00000000    0.00000   0.00000
 X    161505A     301,993.32               0.00            0.00    0.00000000     0.68145533   995.47011168    0.82071   0.82070


   TOTAL:       3,090,831.46               0.00          382.89
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<PAGE>


                Chase Commercial Mortgage Securities Corp.              Page 3
                  Commercial Mortgage Pass-Through Certificates
  
                                  Series 1996-1

                       Monthly Certificate Holders Report



         P & I Advances                                           25,209.95

         Servicing Compensation                                   49,442.91

         Beginning Balance(Mortgage Loans)                   441,559,114.77

         Ending Balance(Mortgage Loans)                      441,151,915.04

         Beginning Balance(REO Loans)                                  0.00

         Ending Balance(REO Loans)                                     0.00

         Aggregate Number of Mortgage Loans                              87

         Aggregate Mortgage Principal Balance                441,151,915.04

         Weighted Average Remaining Term to Maturity                 108.71

         Weighted Average Mortgage Rate                             8.53414%

         # of Loans Delinquent(1 month)                                   1

         Balance of Loans Delinquent(1 month)                  3,076,344.62

         # of Loans Delinquent(2 month)                                   0

         Balance of Loans Delinquent(2 month)                          0.00

         # of Loans Delinquent(3 month)                                   0

         Balance of Loans Delinquent(3 month)                          0.00

         # of Loans Delinquent(In Foreclosure)                            0

         Balance of Loans Delinquent(In Foreclosure)                   0.00

         Appraisal Value of REO Property                               0.00

         Available Distribution Amount                         3,498,040.33

         Scheduled Principal Distribution Amount                 407,199.73

         Unscheduled Principal Distribution Amount                     0.00