Item 1. Business.
Omitted.
Item 2.
Item 2. Properties.
No information will be provided with respect to Item 2 as the Certificates first Distribution Date occurred in January 1999.
Item 3.
Item 3. Legal Proceedings.
The registrant knows of no material pending legal proceedings with respect to the Trust Fund, involving the registrant, Trust Fund, Citibank N.A. (the "Trustee") and Chase Manhattan Mortgage Corporation (the "Seller and Master Servicer"), Advanta Mortgage Corp. USA (the "Subservicer"), other than ordinary routine litigation incidental to duties of the registrant, Trustee, Seller or the Subservicer under the pooling and servicing agreement for Series 1998-2.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders.
No matter was submitted to a vote of Certificateholders during the fiscal year covered by this report.
PART II
Item 5.
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters.
(a) 1. There is no established public market for the certificates.
2. As of December 31, 1998, there was 11 holders of record of the Certificates of the Trust.
(b) To the knowledge of the registrant, there are no reported high and low bid quotations for any of the Certificates.
Item 6.
Item 6. Selected Financial Data.
Omitted.
Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations.
Omitted
Item 8.
Item 8. Financial Statements and Supplementary Data.
No information will be provided with respect to Item 8 as the Certificates first Distribution Date occurred in January 1999.
Item 9.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
None.
PART III
Item 10.
Item 10. Directors and Executive Officers of the Registrant.
Omitted.
Item 11.
Item 11. Executive Compensation.
Omitted.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management.
As of December 31, 1998, there were the following holders of record with more than 5% of each class of Series 1998-2:
Title of Class Name and Address of Original Certificate % Class Holders or Record Principal Balance
Class IA-1 Cede & Co. $65,000,000 100% 55 Water Street New York, NY 10005
Class IA-2 Cede & Co. $19,000,000 100% 55 Water Street New York, NY 10005
Class IA-3 Cede & Co. $36,000,000 100% 55 Water Street New York, NY 10005
Class IA-4 Cede & Co. $18,000,000 100% 55 Water Street New York, NY 10005
Class IA-5 Cede & Co. $18,925,000 100% 55 Water Street New York, NY 10005
Class IA-6 Cede & Co. $17,400,000 100% 55 Water Street New York, NY 10005
Class IM-1 Cede & Co. $8,075,000 100% 55 Water Street New York, NY 10005
Class IM-2 Cede & Co. $4,750,000 100% 55 Water Street New York, NY 10005
Class IB Cede & Co. $2,850,000 100% 55 Water Street New York, NY 10005
Class IIA-1 Cede & Co. $288,750,000 100% 55 Water Street New York, NY 10005
Class IIA-2 Cede & Co. $96,250,000 100% 55 Water Street New York, NY 10005
Item 13.
Item 13. Certain Relationships and Related Transactions.
Omitted.
PART IV
Item 14.
Item 14. Exhibits, Financial Statement Schedules, and Reports of Form 8-K.
(a) None.
(b) Reports on Form 8-K during the last quarter of the prior calendar year.
Reports on Form 8-K dated as of December 7, 1999, December 8, 1999 and December 21, 1999 in response to Item 5 (other events) of Form 8-K were filed with respect to certain computational materials and collateral information.
(c), (d) Omitted.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
CHASE FUNDING, INC. (Registrant)
By: /s/Luke S. Hayden Name: Luke S. Hayden Title: Chief Executive Officer
Date: March 30, 1999
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
Date: March 30, 1999 By: /s/ Luke S. Hayden Name: Luke S. Hayden Title: (Chairman) Chief Executive Officer
Date: March 30, 1999 By: /s/ Samuel H. Cooper Name: Samuel H. Cooper Title: (Director) President
Date: March 30, 1999 By: /s/ Michael D. Katz Name: Michael D. Katz Title: Director
Date: March 30, 1999 By: /s/ Douglas A. Potolsky Name: Douglas A. Potolsky Title: Director
Date: March 30,1999 By: /s/ Matthew T. Whalen Name: Matthew T. Whalen Title: Director
Date: March 30, 1999 By: /s/ Stephen Fortunato Name: Stephen Fortunato Title: Treasurer (Chief Financial Officer)
SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES PURSUANT TO SECTION 12 OF THE ACT.
No annual report, proxy statement, form of proxy or other proxy soliciting material has been sent to Certificateholders during the period covered by this Annual Report on Form 10-K and the registrant does not intend to furnish such materials to Certificateholders subsequent to the filing of this report.