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


                       THE CHASE MANHATTAN BANK USA, N.A.
             CHASE MANHATTAN CREDIT CARD MASTER TRUST SERIES 1992-1
         MONTHLY CERTIFICATEHOLDERS' STATEMENT FOR MONTHLY PERIOD 58

          Monthly Period - Beginning Date                  12/01/1996
          Monthly Period - End Date                        12/31/1996
          Determination Date                               01/08/1997
          Remittance Date                                  01/15/1997


I.     Information Regarding Distributions to Certificateholders

       A. Total amount distributed to
          Certificateholders (per $1,000
          Initial Invested Amount)                                 $ 87.958333

       B. Total principal Amount
          distributed to Certificateholders
          (per $1,000 Initial Invested
          amount)                                                  $ 83.333333

       C. Total interest amount
          distributed to Certificateholders
          (per $1,000 Initial Invested
          amount)                                                   $ 4.625000

II.    Receivables Balances

       A. Aggregate Principal Receivables in
          Trust, end of period 57                              $ 9,600,189,797

       B. Aggregate Principal Receivables in
          Trust, end of period 58                              $ 9,806,669,132

       C. Investor Interest, end of period 57                    $ 562,500,000

       D. Investor Interest, end of period 58                    $ 500,000,000

       E. Investor Interest as a percentage
          of Trust Principal Receivables, period 57                    5.8593%

       F. Investor Interest as a percentage
          of Trust Principal Receivables, period 58                    5.0986%

III.   Collections During Due Period

       A. Aggregate amount of Collections
          processed during the preceding
          Monthly Period                                       $ 1,238,273,966

       B. Monthly Pay Rate for:

          1.   Period - 53                       12.44%
          2.   Period - 54                       11.37%
          3.   Period - 55                       11.59%
          4.   Period - 56                       11.71%
          5.   Period - 57                       10.87%
          6.   Period - 58                       12.61%
          7.   6 mo. avg.                        11.76%

<PAGE>

       C. Collections of Principal Receivables
          during the preceding
          Monthly period                                          $ 84,822,747

       D. Amount by which Controlled Amortization
          Amount exceeds principal allocated
          to Investors                                                     $ 0

       E. Collections of Finance Charges
          during the preceding
          Monthly Period                                           $ 8,965,265

       F. Annualized gross portfolio yield for:

          1.   Period - 56                       16.55%
          2.   Period - 57                       16.42%
          3.   Period - 58                       19.13%
          4.   3 mo. avg.                        17.37%
<TABLE>
<CAPTION>

IV.    Delinquent Balances
                                               Aggregate            Percent of
                                               Account              Aggregate
                                               Balances             Receivables
      <S>                              <C>                         <C>    

       A. Less than 30 days delinquent    $ 682,814,112.33              6.81%
       B. 30 - 59 days delinquent         $ 223,537,750.19              2.23%
       C. 60 - 89 days delinquent         $ 139,555,203.88              1.39%
       D. 90 or more days delinquent      $ 220,533,821.23              2.20%
       E. Total                         $ 1,266,440,887.63             12.63%
</TABLE>

V.     Default Summary

       A. Aggregate Investor Default Amount                        $ 2,170,907

       B. Investor default Percentage for:

         1. Period - 56                        3.98%
         2. Period - 57                        4.93%
         3. Period - 58                        4.63%
         4. 3 mo. avg.                         4.51%

       C. Investor Charge Offs
         1. Aggregate dollar amount                                        $ 0
         2. Per $1000 of Initial Investor Certificate                      $ 0

       D. Reimbursed Investor Charge Offs
         1. Aggregate dollar Amount                                        $ 0
         2. Per $1000 of Initial Investor Certificate                      $ 0

       E. Base Rate                                                      9.65%
       F. Net Portfolio Yield Minus Base Rate for:

         1. Period - 56                        2.93%
         2. Period - 57                        1.84%
         3. Period - 58                        4.84%
         4. 3 mo. avg.                         3.20%

VI.    Monthly Investor Servicing Fee                              $ 1,007,812

VII.   Withdrawal from Cash Collateral Account
       under Section 4.06                                                  $ 0

VIII.  Required Cash Collateral Amount                            $ 55,000,000

IX.    Available Cash Collateral Amount                           $ 55,000,000

X.     Deficit Controlled Amortization
       Amount                                                              $ 0

XI.    Pool Factor                                              0.666666666667

<PAGE>

                  FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT

                       THE CHASE MANHATTAN BANK USA, N.A.

             Chase Manhattan Credit Card Master Trust Series 1995-1

                   For the January 15, 1997 Distribution Date

                              For Monthly Period 22


    Under Section 5.02 of the Pooling and Servicing  Agreement  dated as of June
1, 1991 and the Series 1995-1  Supplement  dated as of March 1, 1995  (together,
the "Agreement") by and between The Chase Manhattan Bank USA, N.A. ("Chase") and
Yasuda Bank and Trust Company  (U.S.A.),  as trustee (the "Trustee"),  Chase, as
Servicer,  is  required  to prepare  certain  information  each month  regarding
current distributions to Series 1995-1 Certificateholders and the performance of
the Chase Manhattan Credit Card Master Trust (the "Trust") and the Series 1995-1
Class A Certificates and Series 1995-1 Class B Certificates  during the previous
month.  The  information  which is required to be prepared  with  respect to the
January 15, 1997  Distribution  Date and with respect to the  performance of the
Trust  during the month  December  1996 (the "22 Monthly  Period") is set forth
below.  Certain of the  information  is  presented  on the basis of an  original
principal   amount  of  $1,000  per  Series  1995-1  Investor  Certificate  (a
"Certificate"). Certain other  information  is presented  based on the aggregate
amounts  for the Trust as a whole.  Capitalized  terms used in this  Certificate
have their respective meanings set forth in the Agreement.

I.    INFORMATION REGARDING THE CURRENT MONTHLY DISTRIBUTION TO THE CLASS A
    AND CLASS B CERTIFICATEHOLDERS (STATED ON THE BASIS OF $1,000 ORIGINAL
    CERTIFICATE PRINCIPAL AMOUNT)

    A)    The total amount of the distribution to Series 1995-1
        Certificateholders on January 15, 1997, per $1,000 original
        certificate principal amount

        (1)    Class A Certificateholders..............             4.779558
        (2)    Class B Certificateholders..............             4.908725

    B)    The amount of the distribution set forth in paragraph 1 above
        in respect of principal of the 1995-1 Certificates, per $1,000
        original certificate principal amount

        (1)    Class A Certificateholders...........             0.000000
        (2)    Class B Certificateholders...........             0.000000

    C)    The amount of the distribution set forth in paragraph 1 above
        in respect of interest on the 1995-1 Certificates, per $1,000
        original certificate principal amount

        (1)    Class A Certificates.................             4.779558
        (2)    Class B Certificates.................             4.908725

II.    INFORMATION REGARDING THE PERFORMANCE OF THE TRUST

    A)    Collections

        (1)    The aggregate amount of Collections processed with respect
            to the preceding Monthly Period and allocated to the Series 1995-1 
            Certificates was equal to.......... .....      $ 130,227,954.28

        (2)    The Payment Rate with respect to the preceding Monthly Period
            was equal to............................               12.61%

                For  21 Monthly Period (the 2nd preceding Monthly Period), 
                the monthly payment rate was equal to....          10.87%

                For the  20 Monthly Period (the 3rd
                preceding Monthly Period), the monthly payment
                rate was equal to...................               11.71%
<PAGE>

        (3)    The aggregate amount of Collections of Principal Receivables
            processed with respect to the
            preceding Monthly Period which were allocated in respect of
            the Series 1995-1 Certificates .........     $ 114,289,705.00

        (4)    The aggregate amount of Collections of Finance Charge Receivables
            processed with respect to the
            preceding Monthly Period which were allocated in respect of the
            Series 1995-1 Certificates..............      $ 15,938,249.28

    B)    Deficit Controlled Amortization Amount..........         $ 0.00

    C)    Principal Receivables in the Trust and Allocation Percentages

        (1)    The aggregate amount of Principal Receivables in the
            Trust as of the end of the preceding Monthly Period (which
            reflects the Principal Receivables represented by the Seller
            Interest, by the Investor Interest of Series 1995-1, and by the
            Investor Interest of all other outstanding Series)
            ........................................   $ 9,806,669,131.97

        (2)    The Investor Interest as of the last day of the preceding
            Monthly Period

            (a)    Investor Interest...............    $ 1,000,000,000.00
            (b)    Class A Investor Interest.......      $ 855,000,000.00
            (c)    Class B Investor Interest.......       $ 50,000,000.00
            (d)    Collateral Interest.............       $ 95,000,000.00

        (3)    The Investor Interest set forth in paragraph C(2)(a)
            above as a percentage of the aggregate amount of
            Principal Receivables set forth in paragraph
            C(1) above..............................             10.1971%

        (4) The Class A Investor  Interest set forth in paragraph  C(2)(b) above
            as a percentage of the aggregate amount of Principal Receivables set
            forth in paragraph C(1) above 8.7186%

        (5) The Class B Investor  Interest set forth in paragraph  C(2)(c) above
            as a percentage of the aggregate amount of Principal Receivables set
            forth in paragraph C(1) above 0.5099%

        (6) The  Collateral  Interest set forth in paragraph  C(2)(d) above as a
            percentage  of the  aggregate  amount of Principal  Receivables  set
            forth in paragraph C(1) above 0.9687%

        (7)    The Class A Floating Percentage.........          85.5000%

        (8)    The Class B Floating Percentage.........           5.0000%

        (9)    The Class B Principal Percentage........           5.0000%

        (10)    The Collateral Floating Percentage.....           9.5000%

        (11)    The Collateral Principal Percentage....           9.5000%

        (12)    The Floating Allocation Percentage.....          10.4165%

        (13)    The Principal Allocation Percentage....          10.4165%
<PAGE>

    D)    Portfolio Yield and Base Rate

        (1)    The annualized Portfolio Yield for the preceding Monthly Period
            was equal to.............................              19.13%

                For the  21 Monthly Period (the 2nd
             preceding Monthly Period), the annualized
             portfolio yield was equal to............              16.42%

                For the  20 Monthly Period (the
             3rd preceding Monthly Period), the annualized
             portfolio yield was equal to............              16.55%

                The three month average Portfolio Yield was
             equal to................................              17.37%

        (2)    Base Rate for the preceding Monthly Period was equal to
            .........................................               7.93%

                For the  21 Monthly Period (the
                2nd preceding Monthly Period), the Base Rate was
                equal to.............................               7.70%

                For the  20 Monthly Period (the 3rd
                preceding Monthly Period), the Base Rate was
                equal to.............................               7.71%

    E)    Delinquent Balances

        The aggregate amount of outstanding  balances in the Accounts which were
        delinquent  as of the  end  of the  last  day of the  preceding  Monthly
        Period:
<TABLE>
<CAPTION>

                                    Aggregate             As a Percentage
                                    Account               of Aggregate
                                    Balance               Receivables
            <S>                 <C>                     <C>    

             (1) Upto 29 Days      $ 682,814,112.33              6.81%
             (2) 30 - 59 Days      $ 223,537,750.19              2.23%
             (3) 60 - 89 Days      $ 139,555,203.88              1.39%
             (4) 90 or More Days   $ 220,533,821.23              2.20%

                 Total           $ 1,266,440,887.63             12.63%
</TABLE>


    F)    Investor Default Amount

        (1)    The aggregate amount of all defaulted Principal
            Receivables written off as uncollectible with respect
            to Billing Cycles ending during preceding Monthly Period
            allocable to the Investor Interest less Recoveries allocable to
            the Investor Interest (the "Series 1995-1 Aggregate Investor Default
            Amount") ...............................      $ 3,859,390.77

        (2)    The portion of the series 1995-1 Aggregate Investor
            Default Amount allocable to the Class A Investor
            Interest (the "Class A Investor Default Amount")
            .......................................       $ 3,299,779.11

        (3)    The portion of the Series 1995-1 Aggregate Investor
            Default Amount allocable to the Class B Investor
            Interest (the "Class B Investor Default Amount")
            .......................................         $ 192,969.54


<PAGE>

        (4)    The portion of the Series 1995-1 Aggregate Investor
            Default Amount allocable to the Collateral Investor
            Interest (the "Collateral Investor Default Amount")
            .......................................         $ 366,642.12

        (5)    The annualized investor default percentage (Series
            1995-1 Aggregate Investor Default Amount/Investor
            Interest) x 12 for the preceding Monthly Period was
            equal to ..............................                4.63%

                For the 22 Monthly  Period (the 2nd preceding  Monthly  Period),
                the annualized investor default percentage was equal to 4.93%

                For the 20 Monthly  Period (the 3rd preceding  Monthly  Period),
                the annualized investor default percentage was equal to 3.98%

    G)    Investor Charge Offs

        (1)    The aggregate amount of Class A Investor Charge-Offs
            for the preceding Monthly Period.......               $ 0.00

        (2)    The aggregate Class A Charge Off per $1000 Original
            Certificate Principal Amount ..........               $ 0.00

        (3)    The aggregate amount of Class A Investor Charge-Offs
            reimbursed on the Transfer Date immediately preceding
            such Distribution Date.................               $ 0.00

        (4)    The amount of the reimbursed Investor Charge-Offs set
            forth in paragraph G(2) above, per $1,000 original
            Class A Certificate principal amount...               $ 0.00

        (5)    The aggregate amount of Class B Investor Charge-Offs
            for such Monthly Period................               $ 0.00

        (6)    The aggregate Class B Charge Off per $1000 Original
            Certificate Principal Amount ..........               $ 0.00

        (7)    The aggregate amount of Class B Investor Charge-Offs
            reimbursed on the Transfer Date immediately preceding
            such Distribution Date.................               $ 0.00

        (8)    The amount of the reimbursed Investor Charge-Offs set
            forth in paragraph G(6) above, per $1,000 original
            Class B Certificate principal amount...               $ 0.00

        (9)    The aggregate amount of Investor Charge-Offs
            .......................................               $ 0.00

        (10)    The aggregate Investor Charge Off per $1000 Original
            Certificate Principal Amount ..........               $ 0.00

        (11)    The aggregate amount of reimbursed Investor Charge-Offs
            .......................................               $ 0.00

        (12)    The amount of the reimbursed Investor Charge-Offs set
            forth in paragraph G(9) above, per $1,000 original
            Investor principal amount..............               $ 0.00
<PAGE>

    H)    Shared Excess Finance Charge Collection

        The aggregate amount of shared Excess Finance Charge Collections
        during the preceding Monthly Period which were allocated to the
        Series 1995-1 Certificates.....................           $ 0.00

    I)    Shared Principal Collections

        The aggregate amount of Shared Principal Collections during the
        preceding Monthly Period allocated to the Series 1995-1
        Certificates...................................           $ 0.00

    J)    Reallocated Principal Collections

        (1)    Collections of Principal Receivables allocable to Class
            B Certificates paid with respect to Class A
            Certificates to make up deficiencies in Class A
            Required Amount for any Monthly Period.               $ 0.00

        (2)    Collections of Principal Receivables allocable to
            Collateral Interest paid with respect to Class B
            Certificates to make up deficiencies in Class B
            Required Amount........................               $ 0.00

    K)    Monthly Investor Servicing Fee

        (1)    The amount of the Monthly Investor Servicing
            Fee payable by the Trust to the Servicer for the preceding
            Monthly Period.........................       $ 1,791,666.67

        (2)    The amount of the Class A Monthly Servicing Fee payable
            by the Trust for the preceding Monthly Period
            .......................................       $ 1,531,875.00

        (3)    The amount of the Class B Monthly Servicing Fee payable
            by the Trust to the Servicer for the preceding Monthly
            Period.................................          $ 89,583.33

        (4)    The amount of the Collateral Monthly Servicing Fee
            payable by the Trust to the Servicer for the preceding
            Monthly Period.........................         $ 170,208.34


    L)    Collateral Interest

        (1)    The Available Collateral Interest, as of the close of Transfer
            Date for the preceding Monthly Period was equal to
            .......................................      $ 95,000,000.00

    M)    Required Collateral Interest

        (1)    The Required Collateral interest as of the Transfer
            Date for the preceding Monthly Period was equal to
            .......................................      $ 95,000,000.00

III.    THE POOL FACTOR

    A)    The Pool Factor for the Record Date for the distribution to be
        made on the Distribution date (which represents the ratio of
        the amount of the Investor Interest as of such Record Date
        (determined after taking into account any reduction in the
        Investor Interest which will occur on the Distribution Date)
        to the Initial Investor Interest).  The amount of a
        Certificateholder's pro rata share of the Investor Interest can
        be determined by multiplying the original denomination of the
        Certificateholder's Certificate by the Pool Factor.           1.00

<PAGE>
                  FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT

                       THE CHASE MANHATTAN BANK USA, N.A.

             Chase Manhattan Credit Card Master Trust Series 1995-2

                   For the January 15, 1997 Distribution Date

                              For Monthly Period 19


    Under Section 5.02 of the Pooling and Servicing  Agreement  dated as of June
1, 1991 and the Series 1995-2  Supplement  dated as of March 1, 1995  (together,
the "Agreement") by and between The Chase Manhattan Bank USA, N.A. ("Chase") and
Yasuda Bank and Trust Company  (U.S.A.),  as trustee (the "Trustee"),  Chase, as
Servicer,  is  required  to prepare  certain  information  each month  regarding
current distributions to Series 1995-2 Certificateholders and the performance of
the Chase Manhattan Credit Card Master Trust (the "Trust") and the Series 1995-2
Class A Certificates and Series 1995-2 Class B Certificates  during the previous
month.  The  information  which is required to be prepared  with  respect to the
January 15, 1997  Distribution  Date and with respect to the  performance of the
Trust  during the month  December  1996 (the " 19 Monthly  Period") is set forth
below.  Certain of the  information  is  presented  on the basis of an  original
principal   amount  of  $1,000  per  Series  1995-2   Investor   Certificate  (a
"Certificate").Certain  other  information  is presented  based on the aggregate
amounts  for the Trust as a whole.  Capitalized  terms used in this  Certificate
have their respective meanings set forth in the Agreement.

I.    INFORMATION REGARDING THE CURRENT MONTHLY DISTRIBUTION TO THE CLASS A
    AND CLASS B CERTIFICATEHOLDERS (STATED ON THE BASIS OF $1,000 ORIGINAL
    CERTIFICATE PRINCIPAL AMOUNT)

    A)    The total amount of the distribution to Series 1995-2
        Certificateholders on January 15, 1997, per $1,000 original
        certificate principal amount

        (1)    Class A Certificateholders..............             4.779558
        (2)    Class B Certificateholders..............             4.879558

    B)    The amount of the distribution set forth in paragraph 1 above
        in respect of principal of the 1995-2 Certificates, per $1,000
        original certificate principal amount

        (1)    Class A Certificateholders...........             0.000000
        (2)    Class B Certificateholders...........             0.000000

    C)    The amount of the distribution set forth in paragraph 1 above
        in respect of interest on the 1995-2 Certificates, per $1,000
        original certificate principal amount

        (1)    Class A Certificates.................             4.779558
        (2)    Class B Certificates.................             4.879558

II.    INFORMATION REGARDING THE PERFORMANCE OF THE TRUST

    A)    Collections

        (1)    The aggregate amount of Collections processed with respect
            to the preceding Monthly
            Period and allocated to the Series 1995-2 Certificates
            was equal to............................     $ 195,341,931.42

        (2)    The Payment Rate with respect to the preceding Monthly Period
            was equal to............................               12.61%

                For  18 Monthly Period (the 2nd
                preceding Monthly Period), the monthly payment rate was
                equal to............................               10.87%

                For the  17 Monthly Period (the 3rd
                preceding Monthly Period), the monthly payment
                rate was equal to...................               11.71%
<PAGE>

        (3)    The aggregate amount of Collections of Principal Receivables
            processed with respect to the
            preceding Monthly Period which were allocated in respect of
            the Series 1995-2 Certificates .........     $ 171,434,557.50

        (4)    The aggregate amount of Collections of Finance Charge Receivables
            processed with respect to the
            preceding Monthly Period which were allocated in respect of the
            Series 1995-2 Certificates..............      $ 23,907,373.92

    B)    Deficit Controlled Amortization Amount..........         $ 0.00

    C)    Principal Receivables in the Trust and Allocation Percentages

        (1)    The aggregate amount of Principal Receivables in the
            Trust as of the end of the preceding Monthly Period (which reflects
            the Principal Receivables represented by the Seller Interest,
            by the Investor Interest of Series 1995-2, and by the
            Investor Interest of all other outstanding Series)
            ........................................   $ 9,806,669,131.97

        (2)    The Investor Interest as of the last day of the preceding
            Monthly Period

            (a)    Investor Interest...............    $ 1,500,000,000.00
            (b)    Class A Investor Interest.......    $ 1,282,500,000.00
            (c)    Class B Investor Interest.......       $ 82,500,000.00
            (d)    Collateral Interest.............      $ 135,000,000.00

        (3)    The Investor Interest set forth in paragraph C(2)(a)
            above as a percentage of the aggregate amount of
            Principal Receivables set forth in paragraph
            C(1) above..............................             15.2957%

        (4) The Class A Investor  Interest set forth in paragraph  C(2)(b) above
            as a percentage of the aggregate amount of Principal Receivables set
            forth in paragraph C(1) above 13.0778%

        (5) The Class B Investor  Interest set forth in paragraph  C(2)(c) above
            as a percentage of the aggregate amount of Principal Receivables set
            forth in paragraph C(1) above 0.8413%

        (6) The  Collateral  Interest set forth in paragraph  C(2)(d) above as a
            percentage  of the  aggregate  amount of Principal  Receivables  set
            forth in paragraph C(1) above 1.3766%

        (7)    The Class A Floating Percentage.........          85.5000%

        (8)    The Class B Floating Percentage.........           5.5000%

        (9)    The Class B Principal Percentage........           5.5000%

        (10)    The Collateral Floating Percentage.....           9.0000%

        (11)    The Collateral Principal Percentage....           9.0000%

        (12)    The Floating Allocation Percentage.....          15.6247%

        (13)    The Principal Allocation Percentage....          15.6247%

<PAGE>

    D)    Portfolio Yield and Base Rate

        (1)    The annualized Portfolio Yield for the preceding Monthly Period
            was equal to.............................              19.13%

                For the  18 Monthly Period (the 2nd
             preceding Monthly Period), the annualized
             portfolio yield was equal to............              16.42%

                For the  17 Monthly Period (the
             3rd preceding Monthly Period), the annualized
             portfolio yield was equal to............              16.55%

                The three month average Portfolio Yield was
             equal to................................              17.37%

        (2)    Base Rate for the preceding Monthly Period was equal to
            .........................................               7.91%

                For the  18 Monthly Period (the
                2nd preceding Monthly Period), the Base Rate was
                equal to.............................               7.68%

                For the  17 Monthly Period (the 3rd
                preceding Monthly Period), the Base Rate was
                equal to.............................               7.70%

    E)    Delinquent Balances

        The aggregate amount of outstanding  balances in the Accounts which were
        delinquent  as of the  end  of the  last  day of the  preceding  Monthly
        Period:

                                    Aggregate             As a Percentage
                                    Account               of Aggregate
                                    Balance               Receivables


             (1) Upto 29 Days      $ 682,814,112.33              6.81%
             (2) 30 - 59 Days      $ 223,537,750.19              2.23%
             (3) 60 - 89 Days      $ 139,555,203.88              1.39%
             (4) 90 or More Days   $ 220,533,821.23              2.20%
                 Total           $ 1,266,440,887.63             12.63%


    F)    Investor Default Amount

        (1)    The aggregate amount of all defaulted Principal
            Receivables written off as uncollectible with respect
            to Billing Cycles ending during preceding Monthly Period
            allocable to the Investor Interest less Recoveries allocable to
            the Investor Interest (the "Series 1995-2 Aggregate Investor Default
            Amount")   ..............................     $ 5,789,086.16

        (2)    The portion of the series 1995-2 Aggregate Investor
            Default Amount allocable to the Class A Investor
            Interest (the "Class A Investor Default Amount")
            .......................................       $ 4,949,668.67

        (3)    The portion of the Series 1995-2 Aggregate Investor
            Default Amount allocable to the Class B Investor
            Interest (the "Class B Investor Default Amount")
            .......................................         $ 318,399.74

        (4)    The portion of the Series 1995-2 Aggregate Investor
            Default Amount allocable to the Collateral Investor
            Interest (the "Collateral Investor Default Amount")
            .......................................         $ 521,017.75

        (5)    The annualized investor default percentage (Series
            1995-2 Aggregate Investor Default Amount/Investor
            Interest) x 12 for the preceding Monthly Period was
            equal to ..............................                4.63%

                For the 19 Monthly  Period (the 2nd preceding  Monthly  Period),
                the annualized investor default percentage was equal to 4.93%

                For the 17 Monthly  Period (the 3rd preceding  Monthly  Period),
                the annualized investor default percentage was equal to 3.98%
<PAGE>

    G)    Investor Charge Offs

        (1)    The aggregate amount of Class A Investor Charge-Offs
            for the preceding Monthly Period.......               $ 0.00

        (2)    The aggregate Class A Charge Off per $1000 Original
            Certificate Principal Amount ..........               $ 0.00

        (3)    The aggregate amount of Class A Investor Charge-Offs
            reimbursed on the Transfer Date immediately preceding
            such Distribution Date.................               $ 0.00

        (4)    The amount of the reimbursed Investor Charge-Offs set
            forth in paragraph G(2) above, per $1,000 original
            Class A Certificate principal amount...               $ 0.00

        (5)    The aggregate amount of Class B Investor Charge-Offs
            for such Monthly Period................               $ 0.00

        (6)    The aggregate Class B Charge Off per $1000 Original
            Certificate Principal Amount ..........               $ 0.00

        (7)    The aggregate amount of Class B Investor Charge-Offs
            reimbursed on the Transfer Date immediately preceding
            such Distribution Date.................               $ 0.00

        (8)    The amount of the reimbursed Investor Charge-Offs set
            forth in paragraph G(6) above, per $1,000 original
            Class B Certificate principal amount...               $ 0.00

        (9)    The aggregate amount of Investor Charge-Offs
            .......................................               $ 0.00

        (10)    The aggregate Investor Charge Off per $1000 Original
            Certificate Principal Amount ..........               $ 0.00

        (11)    The aggregate amount of reimbursed Investor Charge-Offs
            .......................................               $ 0.00

        (12)    The amount of the reimbursed Investor Charge-Offs set
            forth in paragraph G(9) above, per $1,000 original
            Investor principal amount..............               $ 0.00

    H)    Shared Excess Finance Charge Collection

        The aggregate amount of shared Excess Finance Charge Collections
        during the preceding Monthly Period which were allocated to the
        Series 1995-2 Certificates.....................           $ 0.00

    I)    Shared Principal Collections

        The aggregate amount of Shared Principal Collections during the
        preceding Monthly Period allocated to the Series 1995-2
        Certificates...................................           $ 0.00

    J)    Reallocated Principal Collections

        (1)    Collections of Principal Receivables allocable to Class
            B Certificates paid with respect to Class A
            Certificates to make up deficiencies in Class A
            Required Amount for any Monthly Period.               $ 0.00

        (2)    Collections of Principal Receivables allocable to
            Collateral Interest paid with respect to Class B
            Certificates to make up deficiencies in Class B
            Required Amount........................               $ 0.00
<PAGE>

    K)    Monthly Investor Servicing Fee

        (1)    The amount of the Monthly Investor Servicing
            Fee payable by the Trust to the Servicer for the preceding
            Monthly Period.........................       $ 2,687,500.00

        (2)    The amount of the Class A Monthly Servicing Fee payable
            by the Trust for the preceding Monthly Period
            .......................................       $ 2,297,812.50

        (3)    The amount of the Class B Monthly Servicing Fee payable
            by the Trust to the Servicer for the preceding Monthly
            Period.................................         $ 147,812.50

        (4)    The amount of the Collateral Monthly Servicing Fee
            payable by the Trust to the Servicer for the preceding
            Monthly Period.........................         $ 241,875.00

    L)    Collateral Interest

        (1)    The Available Collateral Interest, as of the close of Transfer
            Date for the preceding Monthly Period was equal to
            .......................................     $ 135,000,000.00

    M)    Required Collateral Interest

        (1)    The Required Collateral interest as of the Transfer
            Date for the preceding Monthly Period was equal to
            .......................................     $ 135,000,000.00

III.    THE POOL FACTOR

    A)    The Pool Factor for the Record Date for the distribution to be
        made on the Distribution date (which represents the ratio of
        the amount of the Investor Interest as of such Record Date
        (determined after taking into account any reduction in the
        Investor Interest which will occur on the Distribution Date)
        to the Initial Investor Interest).  The amount of a
        Certificateholder's pro rata share of the Investor Interest can
        be determined by multiplying the original denomination of the
        Certificateholder's Certificate by the Pool Factor.           1.00

<PAGE>

                  FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT

                       THE CHASE MANHATTAN BANK USA, N.A.

             Chase Manhattan Credit Card Master Trust Series 1996-1

                   For the January 15, 1997 Distribution Date

                              For Monthly Period 11


    Under Section 5.02 of the Pooling and Servicing  Agreement  dated as of June
1, 1991 and the Series 1996-1 Supplement dated as of February 1, 1996 (together,
the "Agreement") by and between The Chase Manhattan Bank USA, N.A. ("Chase") and
Yasuda Bank and Trust Company  (U.S.A.),  as trustee (the "Trustee"),  Chase, as
Servicer,  is  required  to prepare  certain  information  each month  regarding
current distributions to Series 1996-1 Certificateholders and the performance of
the Chase Manhattan Credit Card Master Trust (the "Trust") and the Series 1996-1
Class A Certificates and Series 1996-1 Class B Certificates  during the previous
month.  The  information  which is required to be prepared  with  respect to the
January 15, 1997  Distribution  Date and with respect to the  performance of the
Trust during the month December 1, 1996 (the " 11 Monthly  Period") is set forth
below.  Certain of the  information  is  presented  on the basis of an  original
principal   amount  of  $1,000  per  Series  1996-1   Investor   Certificate  (a
"Certificate").Certain  other  information  is presented  based on the aggregate
amounts  for the Trust as a whole.  Capitalized  terms used in this  Certificate
have their respective meanings set forth in the Agreement.

I.    INFORMATION REGARDING THE CURRENT MONTHLY DISTRIBUTION TO THE CLASS A
    AND CLASS B CERTIFICATEHOLDERS (STATED ON THE BASIS OF $1,000 ORIGINAL
    CERTIFICATE PRINCIPAL AMOUNT)

    A)    The total amount of the distribution to Series 1996-1
        Certificateholders on January 15, 1997, per $1,000 original
        certificate principal amount

        (1)    Class A Certificateholders..............             4.762892
        (2)    Class B Certificateholders..............             4.871225

    B)    The amount of the distribution set forth in paragraph 1 above
        in respect of principal of the 1996-1 Certificates, per $1,000
        original certificate principal amount

        (1)    Class A Certificateholders..............             0.000000
        (2)    Class B Certificateholders..............             0.000000

    C)    The amount of the distribution set forth in paragraph 1 above
        in respect of interest on the 1996-1 Certificates, per $1,000
        original certificate principal amount

        (1)    Class A Certificates....................             4.762892
        (2)    Class B Certificates....................             4.871225

II.    INFORMATION REGARDING THE PERFORMANCE OF THE TRUST

    A)    Collections

        (1)    The aggregate amount of Collections processed with respect
               to the preceding Monthly
               Period and allocated to the Series 1996-1 Certificates
               was equal to............................     $ 195,341,931.42

        (2)    The Payment Rate with respect to the preceding Monthly Period
               was equal to............................               12.61%

                For  10 Monthly Period (the 2nd
                preceding Monthly Period), the monthly payment rate was
                equal to............................                  10.87%

                For the   9 Monthly Period (the 3rd
                preceding Monthly Period), the monthly payment
                rate was equal to...................                  11.71%
<PAGE>

        (3)    The aggregate amount of Collections of Principal Receivables
               processed with respect to the
               preceding Monthly Period which were allocated in respect of
               the Series 1996-1 Certificates .........     $ 171,434,557.50

        (4)    The aggregate amount of Collections of Finance Charge Receivables
               processed with respect to the
               preceding Monthly Period which were allocated in respect of the
               Series 1996-1 Certificates..............      $ 23,907,373.92

    B)    Deficit Controlled Amortization Amount..........            $ 0.00

    C)    Principal Receivables in the Trust and Allocation Percentages

        (1)    The aggregate amount of Principal Receivables in the Trust
               as of the end of the preceding Monthly Period (which reflects
               the Principal Receivables represented by the Seller Interest,
               by the Investor Interest of Series 1996-1, and by the
               Investor Interest of all other outstanding Series)
               ........................................   $ 9,806,669,131.97

        (2)    The Investor Interest as of the last day of the preceding
               Monthly Period

                (a)    Investor Interest...............   $ 1,500,000,000.00
                (b)    Class A Investor Interest.......   $ 1,282,500,000.00
                (c)    Class B Investor Interest.......      $ 82,500,000.00
                (d)    Collateral Interest.............     $ 135,000,000.00

        (3)    The Investor Interest set forth in paragraph C(2)(a)
               above as a percentage of the aggregate amount of
               Principal Receivables set forth in paragraph
               C(1) above..............................               15.30%

        (4)    The Class A Investor Interest set forth in paragraph
               C(2)(b) above as a percentage of the aggregate amount
               of Principal Receivables set forth in paragraph C(1)
               above                                                  13.08%

        (5)    The Class B Investor Interest set forth in paragraph
               C(2)(c) above as a percentage of the aggregate amount
               of Principal Receivables set forth in paragraph C(1)
               above                                                   0.84%

        (6)    The Collateral Interest set forth in paragraph C(2)(d)
               above as a percentage of the aggregate amount of
               Principal Receivables set forth in paragraph C(1)
               above                                                   1.38%

        (7)    The Class A Floating Percentage..........              85.50%

        (8)    The Class B Floating Percentage..........               5.50%

        (9)    The Class B Principal Percentage.........               5.50%

        (10)    The Collateral Floating Percentage......               9.00%

        (11)    The Collateral Principal Percentage.....               9.00%

        (12)    The Floating Allocation Percentage......              15.62%

        (13)    The Principal Allocation Percentage.....              15.62%
<PAGE>


    D)    Portfolio Yield and Base Rate

        (1)    The annualized Portfolio Yield for the preceding Monthly Period
               was equal to.............................              19.13%

                For the  10 Monthly Period (the 2nd
                preceding Monthly Period), the annualized
                portfolio yield was equal to............              16.42%

                For the   9 Monthly Period (the
                3rd preceding Monthly Period), the annualized
                portfolio yield was equal to............              16.55%

                The three month average Portfolio Yield was
                equal to................................              17.37%

        (2)    Base Rate for the preceding Monthly Period was equal to
               .........................................               7.90%

                For the  10 Monthly Period (the
                2nd preceding Monthly Period), the Base Rate was
                equal to................................               7.67%

                For the   9 Monthly Period (the 3rd
                preceding Monthly Period), the Base Rate was
                equal to................................          7.680%

    E)    Delinquent Balances

        The aggregate amount of outstanding  balances in the Accounts which were
        delinquent  as of the  end  of the  last  day of the  preceding  Monthly
        Period:

<TABLE>
<CAPTION>
                                    Aggregate             As a Percentage
                                    Account               of Aggregate
                                    Balance               Receivables
            <S>                 <C>                       <C>    

             (1) Upto 29 Days      $ 682,814,112.33              6.81%
             (2) 30 - 59 Days      $ 223,537,750.19              2.23%
             (3) 60 - 89 Days      $ 139,555,203.88              1.39%
             (4) 90 or More Days   $ 220,533,821.23              2.20%
                 Total           $ 1,266,440,887.63             12.63%
</TABLE>

    F)    Investor Default Amount

        (1)   The aggregate amount of all defaulted Principal
            Receivables written off as uncollectible with respect
            to Billing Cycles ending during preceding Monthly Period
            allocable to the Investor Interest less Recoveries allocable to the
            Investor Interest (the "Series 1996-1 Aggregate Investor Default
            Amount")  ...............................     $ 5,789,086.16

        (2)    The portion of the series 1996-1 Aggregate Investor
            Default Amount allocable to the Class A Investor
            Interest (the "Class A Investor Default Amount")
            .......................................       $ 4,949,668.67

        (3)    The portion of the Series 1996-1 Aggregate Investor
            Default Amount allocable to the Class B Investor
            Interest (the "Class B Investor Default Amount")
            .......................................         $ 318,399.74

        (4)    The portion of the Series 1996-1 Aggregate Investor
            Default Amount allocable to the Collateral Investor
            Interest (the "Collateral Investor Default Amount")
            .......................................         $ 521,017.75
<PAGE>

        (5)    The annualized investor default percentage (Series
            1996-1 Aggregate Investor Default Amount/Investor
            Interest) x 12 for the preceding Monthly Period was
            equal to ..............................                4.63%

                For the  11 Monthly Period (the 2nd
                preceding Monthly Period), the annualized investor
                default percentage was equal to ....               4.93%

                For the   9 Monthly Period (the 3rd
                preceding Monthly Period), the annualized investor
                default percentage was equal to ....               3.98%

    G)    Investor Charge Offs

        (1)    The aggregate amount of Class A Investor Charge-Offs
            for the preceding Monthly Period.......               $ 0.00

        (2)    The aggregate Class A Charge Off per $1000 Original
            Certificate Principal Amount ..........               $ 0.00

        (3)    The aggregate amount of Class A Investor Charge-Offs
            reimbursed on the Transfer Date immediately preceding
            such Distribution Date.................               $ 0.00

        (4)    The amount of the reimbursed Investor Charge-Offs set
            forth in paragraph G(2) above, per $1,000 original
            Class A Certificate principal amount...   $ 0.00

        (5)    The aggregate amount of Class B Investor Charge-Offs
            for such Monthly Period................               $ 0.00

        (6)    The aggregate Class B Charge Off per $1000 Original
            Certificate Principal Amount ..........               $ 0.00

        (7)    The aggregate amount of Class B Investor Charge-Offs
            reimbursed on the Transfer Date immediately preceding
            such Distribution Date.................               $ 0.00

        (8)    The amount of the reimbursed Investor Charge-Offs set
            forth in paragraph G(6) above, per $1,000 original
            Class B Certificate principal amount...               $ 0.00

        (9)    The aggregate amount of Investor Charge-Offs
            .......................................               $ 0.00

        (10)    The aggregate Investor Charge Off per $1000 Original
            Certificate Principal Amount ..........               $ 0.00

        (11)    The aggregate amount of reimbursed Investor Charge-Offs
            .......................................               $ 0.00

        (12)    The amount of the reimbursed Investor Charge-Offs set
            forth in paragraph G(9) above, per $1,000 original
            Investor principal amount..............               $ 0.00
<PAGE>

    H)    Shared Excess Finance Charge Collection

        The aggregate amount of shared Excess Finance Charge Collections
        during the preceding Monthly Period which were allocated to the
        Series 1996-1 Certificates.....................           $ 0.00

    I)    Shared Principal Collections

        The aggregate amount of Shared Principal Collections during the
        preceding Monthly Period allocated to the Series 1996-1
        Certificates...................................           $ 0.00

    J)    Reallocated Principal Collections

        (1)    Collections of Principal Receivables allocable to Class
            B Certificates paid with respect to Class A
            Certificates to make up deficiencies in Class A
            Required Amount for any Monthly Period.               $ 0.00

        (2)    Collections of Principal Receivables allocable to
            Collateral Interest paid with respect to Class B
            Certificates to make up deficiencies in Class B
            Required Amount........................               $ 0.00

    K)    Monthly Investor Servicing Fee

        (1)    The amount of the Monthly Investor Servicing
            Fee payable by the Trust to the Servicer for the preceding
            Monthly Period.........................       $ 2,687,500.00

        (2)    The amount of the Class A Monthly Servicing Fee payable
            by the Trust for the preceding Monthly Period
            .......................................       $ 2,297,812.50

        (3)    The amount of the Class B Monthly Servicing Fee payable
            by the Trust to the Servicer for the preceding Monthly
            Period.................................         $ 147,812.50

        (4)    The amount of the Collateral Monthly Servicing Fee
            payable by the Trust to the Servicer for the preceding
            Monthly Period.........................         $ 241,875.00

    L)    Collateral Interest

        (1)    The Available Collateral Interest, as of the close of Transfer
            Date for the preceding Monthly Period was equal to
            .......................................     $ 135,000,000.00

    M)    Required Collateral Interest

        (1)    The Required Collateral interest as of the Transfer
            Date for the preceding Monthly Period was equal to
            .......................................     $ 135,000,000.00

III.    THE POOL FACTOR

    A)    The Pool Factor for the Record Date for the distribution to be
        made on the Distribution date (which represents the ratio of
        the amount of the Investor Interest as of such Record Date
        (determined after taking into account any reduction in the
        Investor Interest which will occur on the Distribution Date)
        to the Initial Investor Interest).  The amount of a
        Certificateholder's pro rata share of the Investor Interest can
        be determined by multiplying the original denomination of the
        Certificateholder's Certificate by the Pool Factor            1.00

<PAGE>

                  FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT

                       THE CHASE MANHATTAN BANK USA, N.A.

             Chase Manhattan Credit Card Master Trust Series 1996-2

                   For the January 15, 1997 Distribution Date

                              For Monthly Period 8


    Under Section 5.02 of the Pooling and Servicing  Agreement  dated as of June
1, 1991 and the Series 1996-2 Supplement dated as of June 1, 1996 (together, the
"Agreement")  by and between The Chase  Manhattan  Bank USA, N.A.  ("Chase") and
Yasuda Bank and Trust Company  (U.S.A.),  as trustee (the "Trustee"),  Chase, as
Servicer,  is  required  to prepare  certain  information  each month  regarding
current distributions to Series 1996-2 Certificateholders and the performance of
the Chase Manhattan Credit Card Master Trust (the "Trust") and the Series 1996-2
Class A Certificates and Series 1996-2 Class B Certificates  during the previous
month.  The  information  which is required to be prepared  with  respect to the
January 15, 1997 Distribution Date (the "Distribution Date") and with respect to
the  performance of the Trust during the month December 1, 1996 (the  "Preceding
Monthly Period") is set forth below.  Certain of the information is presented on
the basis of an original  principal  amount of $1,000 per Series 1996-2 Investor
Certificate (a  "Certificate").  Certain other information is presented based on
the aggregate  amounts for the Trust as a whole.  Capitalized terms used in this
Certificate have their respective meanings set forth in the Agreement.

I.    INFORMATION REGARDING THE CURRENT MONTHLY DISTRIBUTION TO THE CLASS A
      AND CLASS B CERTIFICATEHOLDERS (STATED ON THE BASIS OF $1,000 ORIGINAL
      CERTIFICATE PRINCIPAL AMOUNT)

    A)    The total amount of the distribution to Series 1996-2
          Certificateholders on January 15, 1997, per $1,000 original
          certificate principal amount

        (1)    Class A Certificateholders..............             0.000000
        (2)    Class B Certificateholders..............             0.000000

    B)    The amount of the distribution set forth in paragraph 1 above
          in respect of principal of the 1996-2 Certificates, per $1,000
          original certificate principal amount

        (1)    Class A Certificateholders..............             0.000000
        (2)    Class B Certificateholders..............             0.000000

    C)    The amount of the distribution set forth in paragraph 1 above
          in respect of interest on the 1996-2 Certificates, per $1,000
          original certificate principal amount

        (1)    Class A Certificates....................             0.000000
        (2)    Class B Certificates....................             0.000000

II.    INFORMATION REGARDING THE PERFORMANCE OF THE TRUST

    A)    Collections

        (1)    The aggregate amount of Collections processed with respect
               to the preceding Monthly
               Period and allocated to the Series 1996-2 Certificates
               was equal to............................      $ 38,639,063.36

        (2)    The Payment Rate with respect to the preceding Monthly Period
               was equal to............................               12.61%

               For   7 Monthly Period (the 2nd
               preceding Monthly Period), the monthly payment rate was
               equal to................................               10.87%

               For the   6 Monthly Period (the 3rd
               preceding Monthly Period), the monthly payment
               rate was equal to.......................               11.71%
<PAGE>

        (3)    The aggregate amount of Collections of Principal Receivables
               processed with respect to the
               preceding Monthly Period which were allocated in respect of
               the Series 1996-2 Certificates .........      $ 33,910,132.25

        (4)    The aggregate amount of Collections of Finance Charge Receivables
               processed with respect to the
               preceding Monthly Period which were allocated in respect of the
               Series 1996-2 Certificates..............       $ 4,728,931.11

    B)    Deficit Controlled Amortization Amount.................     $ 0.00

    C)    Principal Receivables in the Trust and Allocation Percentages

        (1)    The aggregate amount of Principal Receivables in the Trust
               as of the end of the preceding Monthly Period (which reflects
               the Principal Receivables represented by the Seller Interest,
               by the Investor Interest of Series 1996-2, and by the
               Investor Interest of all other outstanding Series)
               ........................................   $ 9,806,669,131.97

        (2)    The Investor Interest as of the last day of the preceding
               Monthly Period

            (a)    Investor Interest...................     $ 296,703,296.70
            (b)    Class A Investor Interest...........     $ 253,681,000.00
            (c)    Class B Investor Interest...........      $ 16,318,000.00
            (d)    Collateral Interest.................      $ 26,704,296.70

        (3)    The Investor Interest set forth in paragraph C(2)(a)
               above as a percentage of the aggregate amount of
               Principal Receivables set forth in paragraph
               C(1) above..............................                3.03%

        (4)    The Class A Investor Interest set forth in paragraph
               C(2)(b) above as a percentage of the aggregate amount
               of Principal Receivables set forth in paragraph C(1)
               above ....................................              2.59%

        (5)    The Class B Investor Interest set forth in paragraph
               C(2)(c) above as a percentage of the aggregate amount
               of Principal Receivables set forth in paragraph C(1)
               above ...................................               0.17%

        (6)    The Collateral Interest set forth in paragraph C(2)(d)
               above as a percentage of the aggregate amount of
               Principal Receivables set forth in paragraph C(1)
               above ..................................                0.27%

        (7)    The Class A Floating Percentage..........              85.50%

        (8)    The Class B Floating Percentage..........               5.50%

        (9)    The Class B Principal Percentage.........               5.50%

        (10)    The Collateral Floating Percentage......               9.00%

        (11)    The Collateral Principal Percentage.....               9.00%

        (12)    The Floating Allocation Percentage......               3.09%

        (13)    The Principal Allocation Percentage.....               3.09%

<PAGE>

    D)    Portfolio Yield and Base Rate

        (1)    The annualized Portfolio Yield for the preceding Monthly Period
               was equal to.............................              19.13%

               For the   7 Monthly Period (the 2nd
               preceding Monthly Period), the annualized
               portfolio yield was equal to.............              16.42%

               For the   6 Monthly Period (the
               3rd preceding Monthly Period), the annualized
               portfolio yield was equal to.............              16.55%

               The three month average Portfolio Yield was
               equal to.................................              17.37%

        (2)    Base Rate for the preceding Monthly Period was equal to
               .........................................               7.77%

               For the   7 Monthly Period (the
               2nd preceding Monthly Period), the Base Rate was
               equal to.................................               7.75%

               For the   6 Monthly Period (the 3rd
               preceding Monthly Period), the Base Rate was
               equal to.................................               7.75%

    E)    Delinquent Balances

        The aggregate amount of outstanding  balances in the Accounts which were
        delinquent as of the end of the last day of the preceding Monthly Period
        by:

<TABLE>
<CAPTION>

                                    Aggregate             As a Percentage
                                    Account               of Aggregate
                                    Balance               Receivables
           <S>                   <C>                         <C>   

             (1) Upto 29 Days      $ 682,814,112.33              6.81%
             (2) 30 - 59 Days      $ 223,537,750.19              2.23%
             (3) 60 - 89 Days      $ 139,555,203.88              1.39%
             (4) 90 or More Days   $ 220,533,821.23              2.20%
                 Total           $ 1,266,440,887.63             12.63%
</TABLE>

    F)    Investor Default Amount

        (1)    The aggregate amount of all defaulted Principal
               Receivables written off as uncollectible with respect
               to Billing Cycles ending during preceding Monthly Period
               allocable to the Investor Interest less Recoveries
               allocable to the Investor Interest (the "Series
               1996-2 Aggregate Investor Default Amount")
               ...........................................      $ 1,145,093.97

        (2)    The portion of the series 1996-2 Aggregate Investor
               Default Amount allocable to the Class A Investor
               Interest (the "Class A Investor Default Amount")
               ..........................................         $ 979,054.11

        (3)    The portion of the Series 1996-2 Aggregate Investor
               Default Amount allocable to the Class B Investor
               Interest (the "Class B Investor Default Amount")
               ..........................................          $ 62,977.54
<PAGE>

        (4)    The portion of the Series 1996-2 Aggregate Investor
               Default Amount allocable to the Collateral Investor
               Interest (the "Collateral Investor Default Amount")
               ..........................................         $ 103,062.32

        (5)    The annualized investor default percentage ((Series
               1996-2 Aggregate Investor Default Amount/Investor
               Interest) x 12) for the preceding Monthly Period was
               equal to .................................                4.63%

               For the   8 Monthly Period (the 2nd
               preceding Monthly Period), the annualized investor
               default percentage was equal to ...........               4.93%

               For the   6 Monthly Period (the 3rd
               preceding Monthly Period), the annualized investor
               default percentage was equal to ...........               3.98%

    G)    Investor Charge Offs

        (1)    The aggregate amount of Class A Investor Charge-Offs
               for the preceding Monthly Period..........               $ 0.00

        (2)    The aggregate Class A Charge-Offs per $1000 Original
               Certificate Principal Amount .............               $ 0.00

        (3)    The aggregate amount of Class A Investor Charge-Offs
               reimbursed on the Transfer Date immediately preceding
               such Distribution Date....................               $ 0.00

        (4)    The amount of the reimbursed Investor Charge-Offs set
               forth in paragraph G(2) above, per $1,000 original
               Class A Certificate principal amount.......              $ 0.00

        (5)    The aggregate amount of Class B Investor Charge-Offs
               for such Monthly Period...................               $ 0.00

        (6)    The aggregate Class B Charge Off per $1000 Original
               Certificate Principal Amount .............               $ 0.00

        (7)    The aggregate amount of Class B Investor Charge-Offs
               reimbursed on the Transfer Date immediately preceding
               such Distribution Date....................               $ 0.00

        (8)    The amount of the reimbursed Investor Charge-Offs set
               forth in paragraph G(7) above, per $1,000 original
               Class B Certificate principal amount.......              $ 0.00

        (9)    The aggregate amount of Investor Charge-Offs
               ..........................................               $ 0.00

        (10)   The aggregate Investor Charge Off per $1000 Original
               Certificate Principal Amount .............               $ 0.00

        (11)   The aggregate amount of reimbursed Investor Charge-Offs
                .........................................               $ 0.00

        (12)   The amount of the reimbursed Investor Charge-Offs set
               forth in paragraph G(11) above, per $1,000 original
               Investor principal amount..................              $ 0.00
<PAGE>

    H)    Shared Excess Finance Charge Collection

        The aggregate amount of shared Excess Finance Charge Collections
        during the preceding Monthly Period which were allocated to the
        Series 1996-2 Certificates........................              $ 0.00

    I)    Shared Principal Collections

        The aggregate amount of Shared Principal Collections during the
        preceding Monthly Period which were allocated to the Series
        1996-2 Certificates...............................              $ 0.00

    J)    Reallocated Principal Collections

        (1)    Collections of Principal Receivables allocable to Class
               B Certificates paid with respect to Class A
               Certificates to make up deficiencies in Class A
               Required Amount for any Monthly Period.....              $ 0.00

        (2)    Collections of Principal Receivables allocable to
               Collateral Interest paid with respect to Class B
               Certificates to make up deficiencies in Class B
               Required Amount............................              $ 0.00

    K)    Monthly Investor Servicing Fee

        (1)    The amount of the Monthly Investor Servicing Fee
               payable by the Trust to the Servicer for the preceding
               Monthly Period............................         $ 531,593.41

        (2)    The amount of the Class A Monthly Servicing Fee
               payable by the Trust to the Servicer for the preceding
               Monthly Period............................         $ 454,511.79

        (3)    The amount of the Class B Monthly Servicing Fee payable
               by the Trust to the Servicer for the preceding Monthly
               Period....................................          $ 29,236.42

        (4)    The amount of the Collateral Monthly Servicing Fee
               payable by the Trust to the Servicer for the preceding
               Monthly Period............................          $ 47,845.20

    L)    Collateral Interest

        (1)    The Available Collateral Interest, as of the close of Transfer
               Date for the preceding Monthly Period was equal to
               ..........................................      $ 26,704,296.70

    M)    Required Collateral Interest

        (1)    The Required Collateral Interest as of the Transfer
               Date for the preceding Monthly Period was equal to
               ..........................................      $ 26,704,296.70

III.    THE POOL FACTOR

    A)    The Pool Factor for the Record Date for the distribution to be
          made on the Distribution date (which represents the ratio of
          the amount of the Investor Interest as of such Record Date
          (determined after taking into account any reduction in the
          Investor Interest which will occur on the Distribution Date)
          to the Initial Investor Interest).  The amount of a
          Certificateholder's pro rata share of the Investor Interest can
          be determined by multiplying the original denomination of the
          Certificateholder's Certificate by the Pool Factor...           1.00


<PAGE>

                  FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT

                       THE CHASE MANHATTAN BANK USA, N.A.

             Chase Manhattan Credit Card Master Trust Series 1996-3

                   For the January 15, 1997 Distribution Date

                              For Monthly Period 7


    Under Section 5.02 of the Pooling and Servicing  Agreement  dated as of June
1, 1991 and the Series 1996-3 Supplement dated as of June 1, 1996 (together, the
"Agreement")  by and between The Chase  Manhattan  Bank USA, N.A.  ("Chase") and
Yasuda Bank and Trust Company  (U.S.A.),  as trustee (the "Trustee"),  Chase, as
Servicer,  is  required  to prepare  certain  information  each month  regarding
current distributions to Series 1996-3 Certificateholders and the performance of
the Chase Manhattan Credit Card Master Trust (the "Trust") and the Series 1996-3
Class A Certificates and Series 1996-3 Class B Certificates  during the previous
month.  The  information  which is required to be prepared  with  respect to the
January 15, 1997 Distribution Date (the "Distribution Date") and with respect to
the  performance of the Trust during the month December 1, 1996 (the  "Preceding
Monthly Period") is set forth below.  Certain of the information is presented on
the basis of an original  principal  amount of $1,000 per Series 1996-3 Investor
Certificate (a  "Certificate").  Certain other information is presented based on
the aggregate  amounts for the Trust as a whole.  Capitalized terms used in this
Certificate have their respective meanings set forth in the Agreement.

I.    INFORMATION REGARDING THE CURRENT MONTHLY DISTRIBUTION TO THE CLASS A
      AND CLASS B CERTIFICATEHOLDERS (STATED ON THE BASIS OF $1,000 ORIGINAL
      CERTIFICATE PRINCIPAL AMOUNT)

    A)    The total amount of the distribution to Series 1996-3
          Certificateholders on January 15, 1997, per $1,000 original
          certificate principal amount

        (1)    Class A Certificateholders..............             5.866667
        (2)    Class B Certificateholders..............             6.008333

    B)    The amount of the distribution set forth in paragraph 1 above
          in respect of principal of the 1996-3 Certificates, per $1,000
          original certificate principal amount

        (1)    Class A Certificateholders..............             0.000000
        (2)    Class B Certificateholders..............             0.000000

    C)    The amount of the distribution set forth in paragraph 1 above
          in respect of interest on the 1996-3 Certificates, per $1,000
          original certificate principal amount

        (1)    Class A Certificates....................             5.866667
        (2)    Class B Certificates....................             6.008333

II.    INFORMATION REGARDING THE PERFORMANCE OF THE TRUST

    A)    Collections

        (1)    The aggregate amount of Collections processed with respect
               to the preceding Monthly
               Period and allocated to the Series 1996-3 Certificates
               was equal to............................     $ 139,281,373.80

        (2)    The Payment Rate with respect to the preceding Monthly Period
               was equal to............................               12.61%

               For   6 Monthly Period (the 2nd
               preceding Monthly Period), the monthly payment rate was
               equal to................................               10.87%

               For the   5 Monthly Period (the 3rd
               preceding Monthly Period), the monthly payment
               rate was equal to.......................               11.71%
<PAGE>

        (3)    The aggregate amount of Collections of Principal Receivables
               processed with respect to the
               preceding Monthly Period which were allocated in respect of
               the Series 1996-3 Certificates .........     $ 122,235,100.84

        (4)    The aggregate amount of Collections of Finance Charge Receivables
               processed with respect to the
               preceding Monthly Period which were allocated in respect of the
               Series 1996-3 Certificates..............      $ 17,046,272.96

    B)    Deficit Controlled Amortization Amount.................     $ 0.00

    C)    Principal Receivables in the Trust and Allocation Percentages

        (1)    The aggregate amount of Principal Receivables in the Trust
               as of the end of the preceding Monthly Period (which reflects
               the Principal Receivables represented by the Seller Interest,
               by the Investor Interest of Series 1996-3, and by the
               Investor Interest of all other outstanding Series)
               ........................................   $ 9,806,669,131.97

        (2)    The Investor Interest as of the last day of the preceding
               Monthly Period

            (a)    Investor Interest...................   $ 1,069,519,786.10
            (b)    Class A Investor Interest...........     $ 957,220,000.00
            (c)    Class B Investor Interest...........      $ 42,780,000.00
            (d)    Collateral Interest.................      $ 69,519,786.10

        (3)    The Investor Interest set forth in paragraph C(2)(a)
               above as a percentage of the aggregate amount of
               Principal Receivables set forth in paragraph
               C(1) above..............................               10.91%

        (4)    The Class A Investor Interest set forth in paragraph
               C(2)(b) above as a percentage of the aggregate amount
               of Principal Receivables set forth in paragraph C(1)
               above ....................................              9.76%

        (5)    The Class B Investor Interest set forth in paragraph
               C(2)(c) above as a percentage of the aggregate amount
               of Principal Receivables set forth in paragraph C(1)
               above ...................................               0.44%

        (6)    The Collateral Interest set forth in paragraph C(2)(d)
               above as a percentage of the aggregate amount of
               Principal Receivables set forth in paragraph C(1)
               above ..................................                0.71%

        (7)    The Class A Floating Percentage..........              89.50%

        (8)    The Class B Floating Percentage..........               4.00%

        (9)    The Class B Principal Percentage.........               4.00%

        (10)    The Collateral Floating Percentage......               6.50%

        (11)    The Collateral Principal Percentage.....               6.50%

        (12)    The Floating Allocation Percentage......              11.14%

        (13)    The Principal Allocation Percentage.....              11.14%

<PAGE>

    D)    Portfolio Yield and Base Rate

        (1)    The annualized Portfolio Yield for the preceding Monthly Period
               was equal to.............................              19.13%

               For the   6 Monthly Period (the 2nd
               preceding Monthly Period), the annualized
               portfolio yield was equal to.............              16.42%

               For the   5 Monthly Period (the
               3rd preceding Monthly Period), the annualized
               portfolio yield was equal to.............              16.55%

               The three month average Portfolio Yield was
               equal to.................................              17.37%

        (2)    Base Rate for the preceding Monthly Period was equal to
               .........................................               9.13%

               For the   6 Monthly Period (the
               2nd preceding Monthly Period), the Base Rate was
               equal to.................................               9.12%

               For the   5 Monthly Period (the 3rd
               preceding Monthly Period), the Base Rate was
               equal to.................................               9.12%

    E)    Delinquent Balances

        The aggregate amount of outstanding  balances in the Accounts which were
        delinquent as of the end of the last day of the preceding Monthly Period
        by:
<TABLE>
<CAPTION>

                                    Aggregate             As a Percentage
                                    Account               of Aggregate
                                    Balance               Receivables
            <S>                  <C>                        <C>

             (1) Upto 29 Days      $ 682,814,112.33              6.81%
             (2) 30 - 59 Days      $ 223,537,750.19              2.23%
             (3) 60 - 89 Days      $ 139,555,203.88              1.39%
             (4) 90 or More Days   $ 220,533,821.23              2.20%
                 Total           $ 1,266,440,887.63             12.63%
</TABLE>

    F)    Investor Default Amount

        (1)    The aggregate amount of all defaulted Principal
               Receivables written off as uncollectible with respect
               to Billing Cycles ending during preceding Monthly Period
               allocable to the Investor Interest less Recoveries
               allocable to the Investor Interest (the "Series
               1996-3 Aggregate Investor Default Amount")
               ...........................................      $ 4,127,694.79

        (2)    The portion of the series 1996-3 Aggregate Investor
               Default Amount allocable to the Class A Investor
               Interest (the "Class A Investor Default Amount")
               ..........................................       $ 3,694,286.03

        (3)    The portion of the Series 1996-3 Aggregate Investor
               Default Amount allocable to the Class B Investor
               Interest (the "Class B Investor Default Amount")
               ..........................................         $ 165,104.74

        (4)    The portion of the Series 1996-3 Aggregate Investor
               Default Amount allocable to the Collateral Investor
               Interest (the "Collateral Investor Default Amount")
               ..........................................         $ 268,304.02

        (5)    The annualized investor default percentage ((Series
               1996-3 Aggregate Investor Default Amount/Investor
               Interest) x 12) for the preceding Monthly Period was
               equal to .................................                4.63%

               For the   7 Monthly Period (the 2nd
               preceding Monthly Period), the annualized investor
               default percentage was equal to ...........               4.93%

               For the   5 Monthly Period (the 3rd
               preceding Monthly Period), the annualized investor
               default percentage was equal to ...........               3.98%
<PAGE>

    G)    Investor Charge Offs

        (1)    The aggregate amount of Class A Investor Charge-Offs
               for the preceding Monthly Period..........               $ 0.00

        (2)    The aggregate Class A Charge-Offs per $1000 Original
               Certificate Principal Amount .............               $ 0.00

        (3)    The aggregate amount of Class A Investor Charge-Offs
               reimbursed on the Transfer Date immediately preceding
               such Distribution Date....................               $ 0.00

        (4)    The amount of the reimbursed Investor Charge-Offs set
               forth in paragraph G(2) above, per $1,000 original
               Class A Certificate principal amount.......              $ 0.00

        (5)    The aggregate amount of Class B Investor Charge-Offs
               for such Monthly Period...................               $ 0.00

        (6)    The aggregate Class B Charge Off per $1000 Original
               Certificate Principal Amount .............               $ 0.00

        (7)    The aggregate amount of Class B Investor Charge-Offs
               reimbursed on the Transfer Date immediately preceding
               such Distribution Date....................               $ 0.00

        (8)    The amount of the reimbursed Investor Charge-Offs set
               forth in paragraph G(7) above, per $1,000 original
               Class B Certificate principal amount.......              $ 0.00

        (9)    The aggregate amount of Investor Charge-Offs
               ..........................................               $ 0.00

        (10)   The aggregate Investor Charge Off per $1000 Original
               Certificate Principal Amount .............               $ 0.00

        (11)   The aggregate amount of reimbursed Investor Charge-Offs
                .........................................               $ 0.00

        (12)   The amount of the reimbursed Investor Charge-Offs set
               forth in paragraph G(11) above, per $1,000 original
               Investor principal amount..................              $ 0.00

    H)    Shared Excess Finance Charge Collection

        The aggregate amount of shared Excess Finance Charge Collections
        during the preceding Monthly Period which were allocated to the
        Series 1996-3 Certificates........................              $ 0.00

    I)    Shared Principal Collections

        The aggregate amount of Shared Principal Collections during the
        preceding Monthly Period which were allocated to the Series
        1996-3 Certificates...............................              $ 0.00
<PAGE>

    J)    Reallocated Principal Collections

        (1)    Collections of Principal Receivables allocable to Class
               B Certificates paid with respect to Class A
               Certificates to make up deficiencies in Class A
               Required Amount for any Monthly Period.....              $ 0.00

        (2)    Collections of Principal Receivables allocable to
               Collateral Interest paid with respect to Class B
               Certificates to make up deficiencies in Class B
               Required Amount............................              $ 0.00

    K)    Monthly Investor Servicing Fee

        (1)    The amount of the Monthly Investor Servicing Fee
               payable by the Trust to the Servicer for the preceding
               Monthly Period............................       $ 1,916,222.95

        (2)    The amount of the Class A Monthly Servicing Fee
               payable by the Trust to the Servicer for the preceding
               Monthly Period............................       $ 1,715,019.17

        (3)    The amount of the Class B Monthly Servicing Fee payable
               by the Trust to the Servicer for the preceding Monthly
               Period....................................          $ 76,647.50

        (4)    The amount of the Collateral Monthly Servicing Fee
               payable by the Trust to the Servicer for the preceding
               Monthly Period............................         $ 124,556.28

    L)    Collateral Interest

        (1)    The Available Collateral Interest, as of the close of Transfer
               Date for the preceding Monthly Period was equal to
               ..........................................      $ 69,519,786.10

    M)    Required Collateral Interest

        (1)    The Required Collateral Interest as of the Transfer
               Date for the preceding Monthly Period was equal to
               ..........................................      $ 69,519,786.10

III.    THE POOL FACTOR

    A)    The Pool Factor for the Record Date for the distribution to be
          made on the Distribution date (which represents the ratio of
          the amount of the Investor Interest as of such Record Date
          (determined after taking into account any reduction in the
          Investor Interest which will occur on the Distribution Date)
          to the Initial Investor Interest).  The amount of a
          Certificateholder's pro rata share of the Investor Interest can
          be determined by multiplying the original denomination of the
          Certificateholder's Certificate by the Pool Factor...           1.00

<PAGE>

                  FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT

                       THE CHASE MANHATTAN BANK USA, N.A.

             Chase Manhattan Credit Card Master Trust Series 1996-4

                   For the January 15, 1997 Distribution Date

                              For Monthly Period 7


    Under Section 5.02 of the Pooling and Servicing  Agreement  dated as of June
1, 1991 and the Series 1996-4 Supplement dated as of June 1, 1996 (together, the
"Agreement")  by and between The Chase  Manhattan  Bank USA, N.A.  ("Chase") and
Yasuda Bank and Trust Company  (U.S.A.),  as trustee (the "Trustee"),  Chase, as
Servicer,  is  required  to prepare  certain  information  each month  regarding
current distributions to Series 1996-4 Certificateholders and the performance of
the Chase Manhattan Credit Card Master Trust (the "Trust") and the Series 1996-4
Class A Certificates and Series 1996-4 Class B Certificates  during the previous
month.  The  information  which is required to be prepared  with  respect to the
January 15, 1997 Distribution Date (the "Distribution Date") and with respect to
the  performance of the Trust during the month December 1, 1996 (the  "Preceding
Monthly Period") is set forth below.  Certain of the information is presented on
the basis of an original  principal  amount of $1,000 per Series 1996-4 Investor
Certificate (a  "Certificate").  Certain other information is presented based on
the aggregate  amounts for the Trust as a whole.  Capitalized terms used in this
Certificate have their respective meanings set forth in the Agreement.

I.    INFORMATION REGARDING THE CURRENT MONTHLY DISTRIBUTION TO THE CLASS A
      AND CLASS B CERTIFICATEHOLDERS (STATED ON THE BASIS OF $1,000 ORIGINAL
      CERTIFICATE PRINCIPAL AMOUNT)

    A)    The total amount of the distribution to Series 1996-4
          Certificateholders on January 15, 1997, per $1,000 original
          certificate principal amount

        (1)    Class A Certificateholders..............             5.608333
        (2)    Class B Certificateholders..............             5.741667

    B)    The amount of the distribution set forth in paragraph 1 above
          in respect of principal of the 1996-4 Certificates, per $1,000
          original certificate principal amount

        (1)    Class A Certificateholders..............             0.000000
        (2)    Class B Certificateholders..............             0.000000

    C)    The amount of the distribution set forth in paragraph 1 above
          in respect of interest on the 1996-4 Certificates, per $1,000
          original certificate principal amount

        (1)    Class A Certificates....................             5.608333
        (2)    Class B Certificates....................             5.741667

II.    INFORMATION REGARDING THE PERFORMANCE OF THE TRUST

    A)    Collections

        (1)    The aggregate amount of Collections processed with respect
               to the preceding Monthly
               Period and allocated to the Series 1996-4 Certificates
               was equal to............................     $ 139,281,373.80

        (2)    The Payment Rate with respect to the preceding Monthly Period
               was equal to............................               12.61%

               For   6 Monthly Period (the 2nd
               preceding Monthly Period), the monthly payment rate was
               equal to................................               10.87%

               For the   5 Monthly Period (the 3rd
               preceding Monthly Period), the monthly payment
               rate was equal to.......................               11.71%
<PAGE>

        (3)    The aggregate amount of Collections of Principal Receivables
               processed with respect to the
               preceding Monthly Period which were allocated in respect of
               the Series 1996-4 Certificates .........     $ 122,235,100.84

        (4)    The aggregate amount of Collections of Finance Charge Receivables
               processed with respect to the
               preceding Monthly Period which were allocated in respect of the
               Series 1996-4 Certificates..............      $ 17,046,272.96

    B)    Deficit Controlled Amortization Amount.................     $ 0.00

    C)    Principal Receivables in the Trust and Allocation Percentages

        (1)    The aggregate amount of Principal Receivables in the Trust
               as of the end of the preceding Monthly Period (which reflects
               the Principal Receivables represented by the Seller Interest,
               by the Investor Interest of Series 1996-4, and by the
               Investor Interest of all other outstanding Series)
               ........................................   $ 9,806,669,131.97

        (2)    The Investor Interest as of the last day of the preceding
               Monthly Period

            (a)    Investor Interest...................   $ 1,069,519,786.10
            (b)    Class A Investor Interest...........     $ 957,220,000.00
            (c)    Class B Investor Interest...........      $ 42,780,000.00
            (d)    Collateral Interest.................      $ 69,519,786.10

        (3)    The Investor Interest set forth in paragraph C(2)(a)
               above as a percentage of the aggregate amount of
               Principal Receivables set forth in paragraph
               C(1) above..............................               10.91%

        (4)    The Class A Investor Interest set forth in paragraph
               C(2)(b) above as a percentage of the aggregate amount
               of Principal Receivables set forth in paragraph C(1)
               above ....................................              9.76%

        (5)    The Class B Investor Interest set forth in paragraph
               C(2)(c) above as a percentage of the aggregate amount
               of Principal Receivables set forth in paragraph C(1)
               above ...................................               0.44%

        (6)    The Collateral Interest set forth in paragraph C(2)(d)
               above as a percentage of the aggregate amount of
               Principal Receivables set forth in paragraph C(1)
               above ..................................                0.71%

        (7)    The Class A Floating Percentage..........              89.50%

        (8)    The Class B Floating Percentage..........               4.00%

        (9)    The Class B Principal Percentage.........               4.00%

        (10)    The Collateral Floating Percentage......               6.50%

        (11)    The Collateral Principal Percentage.....               6.50%

        (12)    The Floating Allocation Percentage......              11.14%

        (13)    The Principal Allocation Percentage.....              11.14%

<PAGE>

    D)    Portfolio Yield and Base Rate

        (1)    The annualized Portfolio Yield for the preceding Monthly Period
               was equal to.............................              19.13%

               For the   6 Monthly Period (the 2nd
               preceding Monthly Period), the annualized
               portfolio yield was equal to.............              16.42%

               For the   5 Monthly Period (the
               3rd preceding Monthly Period), the annualized
               portfolio yield was equal to.............              16.55%

               The three month average Portfolio Yield was
               equal to.................................              17.37%

        (2)    Base Rate for the preceding Monthly Period was equal to
               .........................................               8.84%

               For the   6 Monthly Period (the
               2nd preceding Monthly Period), the Base Rate was
               equal to.................................               8.82%

               For the   5 Monthly Period (the 3rd
               preceding Monthly Period), the Base Rate was
               equal to.................................               8.82%

    E)    Delinquent Balances

        The aggregate amount of outstanding  balances in the Accounts which were
        delinquent as of the end of the last day of the preceding Monthly Period
        by:
<TABLE>
<CAPTION>

                                    Aggregate             As a Percentage
                                    Account               of Aggregate
                                    Balance               Receivables
          <S>                    <C>                         <C>

             (1) Upto 29 Days      $ 682,814,112.33              6.81%
             (2) 30 - 59 Days      $ 223,537,750.19              2.23%
             (3) 60 - 89 Days      $ 139,555,203.88              1.39%
             (4) 90 or More Days   $ 220,533,821.23              2.20%
                 Total           $ 1,266,440,887.63             12.63%
</TABLE>

    F)    Investor Default Amount

        (1)    The aggregate amount of all defaulted Principal
               Receivables written off as uncollectible with respect
               to Billing Cycles ending during preceding Monthly Period
               allocable to the Investor Interest less Recoveries
               allocable to the Investor Interest (the "Series
               1996-4 Aggregate Investor Default Amount")
               ...........................................      $ 4,127,694.79

        (2)    The portion of the series 1996-4 Aggregate Investor
               Default Amount allocable to the Class A Investor
               Interest (the "Class A Investor Default Amount")
               ..........................................       $ 3,694,286.03

        (3)    The portion of the Series 1996-4 Aggregate Investor
               Default Amount allocable to the Class B Investor
               Interest (the "Class B Investor Default Amount")
               ..........................................         $ 165,104.74


<PAGE>

        (4)    The portion of the Series 1996-4 Aggregate Investor
               Default Amount allocable to the Collateral Investor
               Interest (the "Collateral Investor Default Amount")
               ..........................................         $ 268,304.02

        (5)    The annualized investor default percentage ((Series
               1996-4 Aggregate Investor Default Amount/Investor
               Interest) x 12) for the preceding Monthly Period was
               equal to .................................                4.63%

               For the   7 Monthly Period (the 2nd
               preceding Monthly Period), the annualized investor
               default percentage was equal to ...........               4.93%

               For the   5 Monthly Period (the 3rd
               preceding Monthly Period), the annualized investor
               default percentage was equal to ...........               3.98%

    G)    Investor Charge Offs

        (1)    The aggregate amount of Class A Investor Charge-Offs
               for the preceding Monthly Period..........               $ 0.00

        (2)    The aggregate Class A Charge-Offs per $1000 Original
               Certificate Principal Amount .............               $ 0.00

        (3)    The aggregate amount of Class A Investor Charge-Offs
               reimbursed on the Transfer Date immediately preceding
               such Distribution Date....................               $ 0.00

        (4)    The amount of the reimbursed Investor Charge-Offs set
               forth in paragraph G(2) above, per $1,000 original
               Class A Certificate principal amount.......              $ 0.00

        (5)    The aggregate amount of Class B Investor Charge-Offs
               for such Monthly Period...................               $ 0.00

        (6)    The aggregate Class B Charge Off per $1000 Original
               Certificate Principal Amount .............               $ 0.00

        (7)    The aggregate amount of Class B Investor Charge-Offs
               reimbursed on the Transfer Date immediately preceding
               such Distribution Date....................               $ 0.00

        (8)    The amount of the reimbursed Investor Charge-Offs set
               forth in paragraph G(7) above, per $1,000 original
               Class B Certificate principal amount.......              $ 0.00

        (9)    The aggregate amount of Investor Charge-Offs
               ..........................................               $ 0.00

        (10)   The aggregate Investor Charge Off per $1000 Original
               Certificate Principal Amount .............               $ 0.00

        (11)   The aggregate amount of reimbursed Investor Charge-Offs
                .........................................               $ 0.00

        (12)   The amount of the reimbursed Investor Charge-Offs set
               forth in paragraph G(11) above, per $1,000 original
               Investor principal amount..................              $ 0.00

    H)    Shared Excess Finance Charge Collection

        The aggregate amount of shared Excess Finance Charge Collections
        during the preceding Monthly Period which were allocated to the
        Series 1996-4 Certificates........................              $ 0.00
<PAGE>

    I)    Shared Principal Collections

        The aggregate amount of Shared Principal Collections during the
        preceding Monthly Period which were allocated to the Series
        1996-4 Certificates...............................              $ 0.00

    J)    Reallocated Principal Collections

        (1)    Collections of Principal Receivables allocable to Class
               B Certificates paid with respect to Class A
               Certificates to make up deficiencies in Class A
               Required Amount for any Monthly Period.....              $ 0.00

        (2)    Collections of Principal Receivables allocable to
               Collateral Interest paid with respect to Class B
               Certificates to make up deficiencies in Class B
               Required Amount............................              $ 0.00

    K)    Monthly Investor Servicing Fee

        (1)    The amount of the Monthly Investor Servicing Fee
               payable by the Trust to the Servicer for the preceding
               Monthly Period............................       $ 1,916,222.95

        (2)    The amount of the Class A Monthly Servicing Fee
               payable by the Trust to the Servicer for the preceding
               Monthly Period............................       $ 1,715,019.17

        (3)    The amount of the Class B Monthly Servicing Fee payable
               by the Trust to the Servicer for the preceding Monthly
               Period....................................          $ 76,647.50

        (4)    The amount of the Collateral Monthly Servicing Fee
               payable by the Trust to the Servicer for the preceding
               Monthly Period............................         $ 124,556.28

    L)    Collateral Interest

        (1)    The Available Collateral Interest, as of the close of Transfer
               Date for the preceding Monthly Period was equal to
               ..........................................      $ 69,519,786.10

    M)    Required Collateral Interest

        (1)    The Required Collateral Interest as of the Transfer
               Date for the preceding Monthly Period was equal to
               ..........................................      $ 69,519,786.10

III.    THE POOL FACTOR

    A)    The Pool Factor for the Record Date for the distribution to be
          made on the Distribution date (which represents the ratio of
          the amount of the Investor Interest as of such Record Date
          (determined after taking into account any reduction in the
          Investor Interest which will occur on the Distribution Date)
          to the Initial Investor Interest).  The amount of a
          Certificateholder's pro rata share of the Investor Interest can
          be determined by multiplying the original denomination of the
          Certificateholder's Certificate by the Pool Factor...           1.00