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                                                                     Exhibit 4.2


         TRUST AGREEMENT, dated as of June 23, 2003, between Chase Manhattan
Bank USA, National Association, as Seller, and Wilmington Trust Company, a
Delaware banking corporation, not in its individual capacity but solely as Owner
Trustee (the "Owner Trustee"). The Seller and the Owner Trustee hereby agree as
follows:

         1. The trust created hereby shall be known as "Chase Manhattan Auto
Owner Trust 2003-B", in which name the Owner Trustee may engage in the
transactions contemplated hereby, make and execute contracts, and sue and be
sued.

         2. The Seller hereby assigns, transfers, conveys and sets over to the
Owner Trustee the sum of $1. The Owner Trustee hereby acknowledges receipt of
such amount in trust from the Seller, which amount shall constitute the initial
trust estate. The Owner Trustee hereby declares that it will hold the trust
estate in trust for the Seller. It is the intention of the parties hereto that
the Trust created hereby constitute a statutory trust under Chapter 38 of Title
12 of the Delaware Code, 12 Del. C. ss.3801 et seq., and that this document
constitutes the governing instrument of the Trust. The Owner Trustee is hereby
authorized and directed to execute and file a certificate of trust with the
Delaware Secretary of State in the form attached hereto.

         3. The Seller and the Owner Trustee will enter into an amended and
restated Trust Agreement, satisfactory to each such party, to provide for the
contemplated operation of the Trust created hereby. Prior to the execution and
delivery of such amended and restated Trust Agreement, the Owner Trustee shall
not have any duty or obligation hereunder or with respect to the trust estate,
except upon the written direction of the Seller to take such action as
determined by the Seller to be necessary to obtain prior to such execution and
delivery any licenses, consents or approvals required by applicable law or
otherwise.

         4. This Trust Agreement may be executed in one or more counterparts.

         5. The Owner Trustee may resign upon thirty days prior notice to the
Seller.

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         IN WITNESS WHEREOF, the parties hereto have caused this Trust Agreement
to be duly executed by their respective officers hereunto duly authorized, as of
the day and year first above written.

                                     CHASE MANHATTAN BANK USA,
                                     NATIONAL ASSOCIATION, as Seller



                                     By:   /s/ Andrew T. Semmelman
                                         -----------------------------
                                         Name:  Andrew T. Semmelman
                                         Title: Senior Vice President



                                     WILMINGTON TRUST COMPANY, not
                                     in its individual capacity but solely as
                                     Owner Trustee



                                     By:    /s/ Janel R. Havrilla
                                         -----------------------------
                                         Name:  Janel R. Havrilla
                                         Title: Financial Services Officer