CHASE MANHATTAN AUTO OWNER TRUST                                                
SERIES 1997-B                                                   
STATEMENT TO CERTIFICATEHOLDERS                                                 
                                                        
PERIOD  7                                               PAGE    # 1     
DETERMINATION:  9-Jan-98                                Beginning       12/1/97 
DISTRIBUTION:   15-Jan-98                               Ending          12/31/97
TIME:   1/15/98 12:24                                           
                        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    $36,434,759.70       $25,903,341.39    $180,214.42   $26,083,555.81   $10,531,418.31         
                                                        
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    $760,434,759.70      $25,903,341.39  $3,981,339.42   $29,884,680.81  $734,531,418.31         
                                                        
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    $789,583,035.49      $25,903,341.39  $4,145,298.47   $30,048,639.86  $763,679,694.10         
                                                                                                               
                                                        
                                                        
                            FACTOR   INFORMATION   PER   $1,000                 
                                                        
                                                        
        PRINCIPAL       INTEREST        END PRINCIPAL                           
CLASS   DISTRIBUTION    DISTRIBUTION    BALANCE                         
<S>    <C>             <C>             <C>                                  
A-1     129.51670695    0.90107210         52.65709155                          
                                                        
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   28.03391925    4.30880890        794.94742241                          
                                                        
B-1       0.00000000    5.62499995      1,000.00000000                          
Totals    0.00000000    5.62499995      1,000.00000000                          
TOTALS   27.17661255    4.34905940        801.21814569                          

</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  7                               PAGE        # 2         
DETERMINATION:  9-Jan-98                        Beginning       12/1/97         
DISTRIBUTION:   15-Jan-98                       Ending          12/31/97        
TIME:   1/15/98 12:24                                           
                                                        
                                                        
                               
                                                                       per $1000
Section 5.8 (iii)     Servicing Fee                   $657,985.86     0.69032896
                                                     
                                                     
Section 5.8 (iv)      Administration Fee                $1,000.00     0.00104915
                                                     
                                                     
Section 5.8 (vi)     Pool Balance at the end of the
                     Collection Period                           $763,679,694.10
                                                     
                                                     
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           $348,408.59
                                                     
                                                     
Section 5.8 (ix)     Reserve Account Balance after Disbursement   $22,910,390.82
                                                     
                                                     
Section 5.8 (x)      Specified Reserve Account Balance            $22,910,390.82
                                                     
                                                     
Section 5.8 (xi)     Total Distribution Amount                    $32,157,939.04
                                                     
                     Servicing Fee                                   $657,985.86
                     Administrative Fee                                $1,000.00
                     Noteholders' Distribution Amount             $29,884,680.81
                     Certificateholders' Distribution Amount         $163,959.05
                     Deposit to Reserve Account                    $1,450,313.32
                                                    
                                                     
Section 5.8 (xii)    Noteholders' Distributable Amount                          
<TABLE>
<CAPTION>
                                                        
        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     $25,903,341.39    $180,214.42   $26,083,555.81         129.51670695             0.90107210              130.41777905
        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   $25,903,341.39  $3,981,339.42   $29,884,680.81          28.03391925             4.30880890               32.34272815
                                                        
                                                        
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            $1,450,313.32   
                                                        
                                                        
                                                        
(C) COPYRIGHT 1998, CHASE MANHATTAN BANK