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                                                                               CHASE MANHATTAN AUTO OWNER TRUST
                                                                                        SERIES 1998-B
                                                                               STATEMENT TO CERTIFICATEHOLDERS
====================================================================================================================================
PERIOD 5                                                                                                           PAGE # 1
DETERMINATION: 10-Sep-98                                                                                           Beginning: 8/1/98
DISTRIBUTION: 15-Sep-98                                                                                            Ending:   8/31/98
TIME: 9/15/98 16:49
                                                                           CLASS A-1 5.578% MONEY MARKET ASSET BACKED NOTES
                                                                           CLASS A-2 5.729% ASSET BACKED NOTES
                                                                           CLASS A-3 5.750% ASSET BACKED NOTES
                                                                           CLASS A-4 5.800% ASSET BACKED NOTES
                                                                           CLASS B-1 6.050% ASSET BACKED CERTIFICATES



               ORIG PRINCIPAL        BEG PRINCIPAL        PRINCIPAL          INTEREST                TOTAL            END PRINCIPAL
 CLASS           BALANCE                BALANCE          DISTRIBUTION       DISTRIBUTION           DISTRIBUTION          BALANCE
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<S>           <C>                 <C>                 <C>              <C>                 <C>                  <C>           
A-1 Notes     $250,000,000.00     $109,750,208.71      $28,373,202.08       $493,150.37         $28,866,352.45       $81,377,006.63

A-2 Notes     $200,000,000.00     $200,000,000.00               $0.00       $954,833.33            $954,833.33      $200,000,000.00

A-3 Notes     $321,000,000.00     $321,000,000.00               $0.00     $1,538,125.00          $1,538,125.00      $321,000,000.00

A-4 Notes     $282,800,000.00     $282,800,000.00               $0.00     $1,366,866.67          $1,366,866.67      $282,800,000.00

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NOTE TOTALS $1,053,800,000.00     $913,550,208.71      $28,373,202.08     $4,352,975.37         $32,726,177.45      $885,177,006.63
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B-1            $32,604,142.65      $32,604,142.65               $0.00       $164,379.22            $164,379.22       $32,604,142.65
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CERTIFICATE
    TOTALS     $32,604,142.65      $32,604,142.65               $0.00       $164,379.22            $164,379.22       $32,604,142.65
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TOTALS      $1,086,404,142.65     $946,154,351.36      $28,373,202.08     $4,517,354.59         $32,890,556.67      $917,781,149.28
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                                               FACTOR   INFORMATION   PER   $1,000


                                   PRINCIPAL               INTEREST            END PRINCIPAL
          CLASS                  DISTRIBUTION            DISTRIBUTION             BALANCE
--------------------------------------------------------------------------------------------------
 <S>              <C>                         <C>                   <C>            
            A-1                  113.49280832            1.97260148           325.50802652
                           -----------------------------------------------------------------------
            A-2                    0.00000000            4.77416665         1,000.00000000
                           -----------------------------------------------------------------------
            A-3                    0.00000000            4.79166667         1,000.00000000
                           -----------------------------------------------------------------------
            A-4                    0.00000000            4.83333335         1,000.00000000
--------------------------------------------------------------------------------------------------
       Notes Totals               26.92465561            4.13074148           839.98577209
--------------------------------------------------------------------------------------------------
           B-1                     0.00000000            5.04166669         1,000.00000000
--------------------------------------------------------------------------------------------------
    Certificate Totals             0.00000000            5.04166669         1,000.00000000
--------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------
          TOTALS                         26.11661809            4.15807931           844.78796909
--------------------------------------------------------------------------------------------------
</TABLE>
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<TABLE>

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                                                                     CHASE MANHATTAN AUTO OWNER TRUST
                                                                                 SERIES 1998-B
                                                                      STATEMENT TO CERTIFICATEHOLDERS
====================================================================================================================================
------------------------------------------------------------------------------------------------------------------------------------

PERIOD 5                                                                                                                PAGE     # 2
DETERMINATION: 10-Sep-98                                                                                           Beginning: 8/1/98
DISTRIBUTION: 15-Sep-98                                                                                            Ending:  8/31/98
TIME: 9/15/98 16:49



                                                                                                                       per $1000
<S>                <C>                                                                   <C>                   <C>       
Section 5.8 (iii)            Servicing Fee                                                        $788,461.96         0.72575382


Section 5.8 (iv)             Administration Fee                                                     $1,000.00         0.00092047


Section 5.8 (vi)             Pool Balance at the end of the Collection Period                 $917,781,149.28


Section 5.8 (vii)            Repurchase Amounts for Repurchased Receivable
                                                By Seller                                               $0.00
                                                By Servicer                                             $0.00
                                                TOTAL                                                   $0.00

Section 5.8 (viii)           Realized Net Losses for Collection Period                            $126,949.85


Section 5.8 (ix)             Reserve Account Balance after Disbursement                        $26,377,627.20


Section 5.8 (x)              Specified Reserve Account Balance                                 $27,533,434.48


Section 5.8 (xi)             Total Distribution Amount                                         $35,422,756.35

                                                Servicing Fee                                     $788,461.96
                                                Administrative Fee                                  $1,000.00
                                                Noteholders' Distribution Amount               $32,726,177.45
                                                Certificateholders' Distribution Amount          $ 164,379.22
                                                Deposit to Reserve Account                      $1,742,737.72









Section 5.8 (xii)            Noteholders' Distributable Amount


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 Class      Principal           Interest           Total        Prin (per $1000/orig) Int (per $1000/orig)  Total (per $1000/orig)
------------------------------------------------------------------------------------------------------------------------------------
<S>     <C>             <C>               <C>                 <C>                <C>                  <C>                   
  A-1    $28,373,202.08       $493,150.37      $28,866,352.45       113.49280832           1.97260148              115.46540980
  A-2             $0.00       $954,833.33         $954,833.33         0.00000000           4.77416665                4.77416665
  A-3             $0.00     $1,538,125.00       $1,538,125.00         0.00000000           4.79166667                4.79166667
  A-4             $0.00     $1,366,866.67       $1,366,866.67         0.00000000           4.83333335                4.83333335
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 Total   $28,373,202.08     $4,352,975.37      $32,726,177.45        26.92465561           4.13074148               31.05539709
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Section 5.8 (xiii)           Certificateholders' Distributable Amount


------------------------------------------------------------------------------------------------------------------------------------
Class       Principal        Interest             Total        Prin (per $1000/orig) Int (per $1000/orig)  Total (per $1000/orig)
------------------------------------------------------------------------------------------------------------------------------------
 B-1           $0.00        $164,379.22         $164,379.22         0.00000000           5.04166669                5.04166669
------------------------------------------------------------------------------------------------------------------------------------
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Total          $0.00        $164,379.22         $164,379.22         0.00000000           5.04166669                5.04166669
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Section 5.8 (xiv)            Reserve Fund Transfer Amount                                      $ 1,742,737.72











(C) COPYRIGHT 1998, CHASE MANHATTAN BANK
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