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

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

        PERIOD  3                                       PAGE    # 1
        DETERMINATION:  10-Sep-97                       Beginning       8/1/97
        DISTRIBUTION:   15-Sep-97                       Ending          8/31/97
        TIME:   9/23/97 17:08

                        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     $138,589,488.11   $25,637,129.49      $685,494.41   $26,322,623.90     $112,952,358.62

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     $862,589,488.11   $25,637,129.49    $4,486,619.41   $30,123,748.90     $836,952,358.62

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     $891,737,763.90   $25,637,129.49    $4,650,578.46   $30,287,707.95     $866,100,634.41



                            FACTOR   INFORMATION   PER   $1,000


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

 A-1    128.18564745      3.42747205      564.76179310

 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   27.74581114      4.85564871      905.79259591

B-1       0.00000000      5.62499995    1,000.00000000

Totals    0.00000000      5.62499995    1,000.00000000

TOTALS   26.89731508      4.87917628      908.67355731

</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  3                               PAGE        # 2
DETERMINATION:  10-Sep-97                       Beginning       8/1/97
DISTRIBUTION:   15-Sep-97                       Ending          8/31/97
TIME:   9/23/97 17:08

                                                                  per $1000
Section 5.8 (iii)   Servicing Fee                $743,114.80     0.77964239

Section 5.8 (iv)    Administration Fee             $1,000.00     0.00104915

Section 5.8 (vi)    Pool Balance at the end of the
                      Collection Period                         $866,100,634.41

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            $22,511.32

Section 5.8 (ix)    Reserve Account Balance after Disbursement   $20,434,967.49

Section 5.8 (x)     Specified Reserve Account Balance            $25,983,019.03

Section 5.8 (xi)    Total Distribution Amount                    $32,421,065.43

                    Servicing Fee                                   $743,114.80
                    Administrative Fee                                $1,000.00
                    Noteholders' Distribution Amount             $30,123,748.90
                    Certificateholders' Distribution Amount         $163,959.05
                    Deposit to Reserve Account                    $1,389,242.68

<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     $25,637,129.49    $685,494.41   $26,322,623.90     128.18564745             3.42747205              131.61311950
        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   $25,637,129.49  $4,486,619.41   $30,123,748.90      27.74581114             4.85564871               32.60145985

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            $1,389,242.68


(C) COPYRIGHT 1997, CHASE MANHATTAN BANK