Fitch Issues Presale Report on Chase Auto Owner Trust 2005-A

NEW YORK--June 7, 2005--Fitch Ratings issued a presale report today on Chase Auto Owner Trust 2005-A discussing the rating analysis behind Fitch's expected 'AAA' ratings on the class A notes and 'A+' ratings on the certificates. The securities are backed by a pool of prime retail installment sales contracts secured by new and used automobiles and light duty trucks from a diverse pool of manufacturers.

The presale report is available to all investors on Fitch's corporate site, www.fitchratings.com. For more information about Fitch's comprehensive subscription service Fitch Research, which includes all presale reports, surveillance, and credit reports on more than 20 asset-backed securities (ABS) asset classes, including collateralized debt obligations (CDOs), contact product sales at +1-212-908-0800 or at webmaster@fitchratings.com.

Fitch's rating definitions are available on the agency's free of charge web site, www.fitchratings.com. Published ratings, criteria and methodologies, and relevant policies and procedures are also available from this site, at all times. This document will remain on the free site for seven days.