Exhibit 20.1
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Creation Date :  Mon Feb  9, 1998  12:00 PM       CMHE 1995-1         PAGE No. 001
 
                                   MONTHLY CERTIFICATE HOLDERS REPORT
                                   ----------------------------------
 
Due Period :  29Beginning Date     :  01/01/1998  End Date           :  01/31/1998
                Determination Date :  02/11/1998  Remittance Date    :  02/17/1998
 
 
                       CHASE HOME EQUITY LOAN TRUST, Series 1995-1 

     I. Floating Allocation Percentage

Beginning %   97.120508280601%        
Ending %      97.086579473821%        

    II. Cash Received

SERVICER            Chase Manhattan Bank, N.A.        
Interest Collected                2,225,878.84        
Principal Collected              10,282,192.51        
Additional Draw                   7,002,371.48        

   III. Pool Balance

Beginning Balance      281,633,774.30     281,633,774.30       
Principal Payments      12,776,669.66      12,776,669.66       
Prin Pay Rev             2,494,477.15       2,494,477.15       
Advances                 7,973,472.41       7,973,472.41       
Advance Rev                971,100.93         971,100.93       
Liquidation Loss                 0.00               0.00       
Ending Balance         278,353,953.27     278,353,953.27       

    IV. Interest to Certificateholders

              TRANCH       Beg. Balance               Rate   Schduled Int Int Shrtfall   Disbrsed Int  
             <S>         <C>                        <C>    <C>           <C>            <C>                     
                 A-1     244,190,805.22        5.83380000% $ 1,305,846.96       $ 0.00 $ 1,305,846.96 
                 A-2      27,304,086.87        5.81000000%   $ 145,417.02       $ 0.00   $ 145,417.02 
               TOTAL     271,494,892.09                    $ 1,451,263.98       $ 0.00 $ 1,451,263.98 

                  SI       8,116,349.95        0.00000000%    $ 60,765.36       $ 0.00    $ 60,765.36 
               TOTAL       8,116,349.95                       $ 60,765.36       $ 0.00    $ 60,765.36 

     V. Principal to Certificateholders

              TRANCH       Beg. Balance Schduled Principal     Recovered Loss   Ending Principal       Cert. Factor  
                 A-1     244,190,805.22       2,949,971.29               0.00     241,240,833.93          0.6743559 
                 A-2      27,304,086.87         329,849.74               0.00      26,974,237.13          0.6743559 
               TOTAL     271,494,892.09       3,279,821.03               0.00     268,215,071.06                    

                  SI       8,116,349.95               0.00               0.00       8,116,349.95          0.9999144 
               TOTAL       8,116,349.95               0.00               0.00       8,116,349.95                    

    VI. Overdue Interest

               GROUP   Overdue Interest    Int. On Overdue  Remaining Overdue  
  MORTGAGE GROUP ONE               0.00               0.00               0.00 

   VII. Invested Amount

               GROUP    Invested Amount  
  MORTGAGE GROUP ONE     270,244,332.06 




Creation Date :  Mon Feb  9, 1998  12:00 PM       CMHE 1995-1         PAGE No. 002
 
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<TABLE>
   
                                MONTHLY CERTIFICATE HOLDERS REPORT
                                   ----------------------------------
 
Due Period :  29Beginning Date     :  01/01/1998  End Date           :  01/31/1998
                Determination Date :  02/11/1998  Remittance Date    :  02/17/1998
 
 
  VIII. Liquidation Loss

Liquidation Loss Amount               0.00        
Loss Investor Cert.                   0.00        
Reimbursed Amount                     0.00        
Unreimbursed Amount                   0.00        

    IX. Loss Recovery

Total Amount               0.00        

     X. Servicing Fee

SERVICER          Chase Manhattan Bank, N.A.        
Beginning Balance             281,633,774.30        
Rate                                 0.5000%        
Servicing Fee                     117,347.41        

    XI. Single Certificate Principal Distribution

              TRANCH      Orig. Balance   Sched. Principal  Certificate Value    Pr.Dist / Cert.  
            <S>         <C>              <C>               <C>                 <C>               
                 A-1     357,735,172.00       2,949,971.29           1,000.00     $ 8.2462433691 
                 A-2      40,000,000.00         329,849.74           1,000.00     $ 8.2462435000 
               TOTAL     397,735,172.00       3,279,821.03                                       

                  SI       8,117,044.57               0.00           1,000.00     $ 0.0000000000 
               TOTAL       8,117,044.57               0.00                                       

   XII. Single Certificate Interest Distribution

              TRANCH      Orig. Balance    Sched. Interest  Certificate Value   Int.Dist / Cert.  
                 A-1     357,735,172.00       1,305,846.96           1,000.00     $ 3.6503175036 
                 A-2      40,000,000.00         145,417.02           1,000.00     $ 3.6354255000 
               TOTAL     397,735,172.00       1,451,263.98                                       

                  SI       8,117,044.57          60,765.36           1,000.00     $ 7.4861434449 
               TOTAL       8,117,044.57          60,765.36                                       

  XIII. Insured Payment

               GROUP             Amount  
  MORTGAGE GROUP ONE               0.00 

   XIV. Transfer Deposit Amount

               GROUP             Amount  
  MORTGAGE GROUP ONE               0.00 


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Creation Date :  Mon Feb  9, 1998  12:00 PM       CMHE 1995-1      PAGE No. 003
 
                                   MONTHLY CERTIFICATE HOLDERS REPORT
                                   ----------------------------------
 
Due Period :  29Beginning Date     :  01/01/1998  End Date        :  01/31/1998
                Determination Date :  02/11/1998  Remittance Date :  02/17/1998
 
 
    XV. Delinquency Information for Due Period

              PERIOD Number of   Principal Balance  
             30 DAYS        129       4,447,538.08 
             60 DAYS         13         317,128.64 
             90 DAYS          3         152,487.14 
           120+ DAYS         24       1,063,368.49 
               TOTAL        169       5,980,522.35 

           FORECLOSR          0               0.00 
               TOTAL          0               0.00 

                 REO          0               0.00 
               TOTAL          0               0.00 

   XVI. Book Value REO Property

               GROUP              Value  
  MORTGAGE GROUP ONE               0.00 

  XVII. Servicer Advance

SERVICER                Chase Manhattan Bank, N.A.        
Required Advances                             0.00        
Nonrecoverable Advances                       0.00