Exhibit 20.1
                                                               ------------     
                       MONTHLY CERTIFICATE HOLDERS REPORT
                       ----------------------------------

Due Period :  24Beginning Date     :  08/01/1997  End Date         : 08/31/1997
                Determination Date :  09/10/1997  Remittance Date  : 09/15/1997


                       CHASE HOME EQUITY LOAN TRUST, Series 1995-1

     I. Floating Allocation Percentage

Beginning %   97.278876983896%
Ending %      97.257249114322%

    II. Cash Received

SERVICER             The Chase Manhattan Bank
Interest Collected                2,223,235.34
Principal Collected               8,950,459.06
Additional Draw                   6,600,120.17

   III. Pool Balance

Beginning Balance      298,160,433.10     298,160,433.10
Principal Payments      10,546,520.14      10,546,520.14
Prin Pay Rev             1,596,061.08       1,596,061.08
Advances                 7,909,700.42       7,909,700.42
Advance Rev              1,309,580.25       1,309,580.25
Liquidation Loss           100,852.72         100,852.72
Ending Balance         295,709,241.49     295,709,241.49

    IV. Interest to Certificateholders

<TABLE>
<CAPTION>

 TRANCH       Beg. Balance     Rate          Schduled Int     Int Shrtfall     Disbrsed Int
<S>        <C>              <C>           <C>               <C>              <C>    

    A-1     259,052,067.59    5.89234000%  $ 1,314,419.69       $ 0.00         $ 1,314,419.69
    A-2      28,965,792.34    5.86000000%    $ 146,164.61       $ 0.00           $ 146,164.61
  TOTAL     288,017,859.93                 $ 1,460,584.30       $ 0.00         $ 1,460,584.30

     SI       8,116,349.95  0.00000000%       $ 57,137.81       $ 0.00            $ 57,137.81
  TOTAL       8,116,349.95                    $ 57,137.81       $ 0.00            $ 57,137.81

     V. Principal to Certificateholders

   TRANCH       Beg. Balance    Schduled Principal     Recovered Loss   Ending Principal       Cert. Factor
<S>          <C>              <C>                    <C>             <C>                    <C>             
 
      A-1     259,052,067.59       2,202,208.33               0.00     256,849,859.26          0.7179888
      A-2      28,965,792.34         246,238.95               0.00      28,719,553.39          0.7179888
    TOTAL     288,017,859.93       2,448,447.28               0.00     285,569,412.65

       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
            <S>      <C>                <C>                   <C>
  MORTGAGE GROUP ONE       0.00               0.00                  0.00

   VII. Invested Amount

               GROUP    Invested Amount
  MORTGAGE GROUP ONE     287,598,673.65
</TABLE>

<PAGE>

                                   MONTHLY CERTIFICATE HOLDERS REPORT
                                   ----------------------------------

Due Period :  24Beginning Date     :  08/01/1997  End Date        :  08/31/1997
                Determination Date :  09/10/1997  Remittance Date :  09/15/1997

  VIII. Liquidation Loss

Liquidation Loss Amount         100,852.72
Loss Investor Cert.              98,108.39
Reimbursed Amount                     0.00
Unreimbursed Amount                   0.00

    IX. Loss Recovery

Total Amount               0.00

     X. Servicing Fee

SERVICER           The Chase Manhattan Bank

Beginning Balance             298,160,433.10
Rate                                 0.5000%
Servicing Fee                     124,233.51

    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       2,202,208.33           1,000.00     $ 6.1559737548
    A-2      40,000,000.00         246,238.95           1,000.00     $ 6.1559737500
  TOTAL     397,735,172.00       2,448,447.28

     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.
<S>         <C>              <C>               <C>                 <C>     
     A-1     357,735,172.00       1,314,419.69           1,000.00     $ 3.6742814039
     A-2      40,000,000.00         146,164.61           1,000.00     $ 3.6541152500
   TOTAL     397,735,172.00       1,460,584.30

      SI       8,117,044.57          57,137.81           1,000.00     $ 7.0392381743
   TOTAL       8,117,044.57          57,137.81
</TABLE>

  XIII. Insured Payment

               GROUP             Amount
  MORTGAGE GROUP ONE               0.00

   XIV. Transfer Deposit Amount

               GROUP             Amount
  MORTGAGE GROUP ONE               0.00

<PAGE>

                                   MONTHLY CERTIFICATE HOLDERS REPORT
                                   ----------------------------------

Due Period :  24Beginning Date     :  08/01/1997  End Date         : 08/31/1997
                Determination Date :  09/10/1997  Remittance Date  : 09/15/1997


    XV. Delinquency Information for Due Period

              PERIOD   Number of   Principal Balance

             30 DAYS         85       3,614,636.85
             60 DAYS         10         259,992.59
             90 DAYS          5         129,687.63
           120+ DAYS         22         940,742.23
               TOTAL        122       4,945,059.30

           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                  The Chase Manhattan Bank
Required Advances                        16,873.40
Nonrecoverable Advances                       0.00