8-K

 1

               SECURITIES AND EXCHANGE COMMISSION
                                
                     Washington, D.C. 20549
                                
                            Form 8-K
                                
        CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
               THE SECURITIES EXCHANGE ACT OF 1934
                                
                                
                                
               Date of Report   September 30, 1996
                (Date of earliest event reported)



                 THE CHASE MANHATTAN CORPORATION
     (Exact name of registrant as specified in its charter)



     Delaware                  1-5805           13-2624428
(State or other jurisdiction (Commission file  (I.R.S. Employer
 of incorporation)              number)       Identification No.)



     270 Park Avenue, New York, NY                        10017
(Address of principal executive offices)               (Zip Code)




                         (212) 270-6000
      (Registrant's telephone number, including area code)


                         Not applicable
  (Former name or former address, if changed since last report)


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Item 5.  Other Events

       The   Chase   Manhattan  Corporation  (the  "Corporation")

announced  today  that it is launching a co-branded  credit  card

with  Wal-Mart Stores, Inc., called the Wal-Mart MasterCard  from

Chase,  which  will  feature no annual fee  and  a  fixed  annual

percentage rate of 14.48%.

     The Corporation stated that, as with the launch of its other

co-branded  programs,  the  Wal-Mart  MasterCard  program   would

require  an  up-front  investment with little  immediate  revenue

impact  and  that  during the remainder of 1996  the  Corporation

expected to incur approximately $40 million as start-up costs for

the Wal-Mart MasterCard.

      A  copy  of  the press release is attached  as  an  exhibit

hereto.


Item 7.   Financial Statements, Pro Forma Financial Information
and Exhibits


The following exhibits are filed with this Report:


Exhibit Number                     Description
- -----------      --------------------------------------


    99           Press Release.







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                            SIGNATURE



     Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.







                         THE CHASE MANHATTAN CORPORATION
                              (Registrant)



                         By: /s/ Peter J. Tobin
                           -------------------------------
                           Peter J. Tobin
                           Chief Financial Officer



Dated: September 30, 1996




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                          EXHIBIT INDEX
                    ------------------------



Exhibit Number              Description
- --------------      -------------------------------



99                  Press Release.















80712

EX-99

 1
The Chase Manhattan Corporation
270 Park Avenue
New York, New York 10017-2070

                        [CHASE LOGO]
                              
                              
                        NEWS RELEASE
                              

FOR IMMEDIATE RELEASE
               CONTACT:  Dale Ingram, for Wal-Mart,
                         501-273-4314
                         Charlotte Gilbert-Biro, for Chase,
                         212-270-7455
                         Marianne Fulgenzi, for MasterCard,
                         914-249-5443


               WAL-MART MASTERCARD FROM CHASE
                      DEBUTS IN OCTOBER
                              
      BENTONVILLE, Ark., September 30, 1996 -- The  home  of
Every  Day  Low  Prices is about to become the  home  of  an
everyday low interest rate.

      Wal-Mart Stores, Inc. is launching a co-branded credit
card  which  will feature no annual fee and a  fixed  annual
percentage rate of 14.48 percent on purchases.  The everyday
low  interest rate is 3 percent lower than the  average  APR
for other credit cards.  The average APR for standard credit
cards  is  17.55  percent,  according  to  RAM  Research  of
Frederick, Md.

      The  credit card, called the Wal-Mart MasterCard  from
Chase,  aligns  the  world's  largest  retailer  with  Chase
Manhattan, the nation's largest bank, and MasterCard.   This
straightforward,  low fixed interest  rate  card  will  help
consumers  save money on their credit purchases at  Wal-Mart
stores and over 13 million locations which accept MasterCard
around the world.

      Beginning  Oct. 14, consumers may pick up applications
for  the  card at any of Wal-Mart's 2,265 stores across  the
United  States,  and on Wal-Mart's World Wide  Web  site  at
http://www.wal-mart.com.

     "We have worked hard to create a basic credit card with
a  fixed, low interest rate for the working family, which is
what  our customers expect from Wal-Mart," said David Glass,
president  and  chief executive officer of Wal-Mart  Stores,
Inc.   "This is the first time we have allowed the  Wal-Mart
name  to  be  co-branded,  and it  is  consistent  with  our
reputation  that the card will be used to give  the  average
consumer an everyday low interest rate," Glass added.

      Approved  card  holders  who apply  for  the  Wal-Mart
Mastercard from Chase by December 31, 1996, will  receive  a
$10  savings certificate good on one purchase of $50 or more
when  paying  with  the card at any U.S. Wal-Mart  store  by
April 30, 1997.

      The credit card also offers 9.9 percent APR on balance
transfers for the life of the loan, and customers may choose
their own billing due dates at the beginning, middle or  end
of the month.

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      "The  Wal-Mart Mastercard from Chase offers  consumers
the  combination of three powerful brands -- Wal-Mart, Chase
and  MasterCard -- with all the benefits and  privileges  of
worldwide recognition and acceptance, as well as a low fixed
interest  rate and no annual fee," said Donald L.  Boudreau,
vice  chairman, The Chase Manhattan Bank.  "We expect it  to
be  a  popular addition to our diverse selection  of  credit
card products, including very successful co-branded programs
with major oil and airline companies."

      The  card  will  be supported with extensive  national
television  and print advertising and direct mail  beginning
in  early  October.  Take-one applications and point-of-sale
merchandising will be displayed in the 2,265 Wal-Mart stores
in the United States.

      "As a leader and pioneer in co-branding, MasterCard is
very  pleased to work with such valued partners as  Wal-Mart
and  Chase on one of the most important co-branding programs
ever launched," said H. Eugene Lockhart, president and chief
executive  officer of MasterCard International.  "This  card
will  surely  become a preferred way to pay for millions  of
consumers nationwide."

      Wal-Mart  Stores,  Inc. operates  in  all  50  states,
Argentina, Canada, Indonesia and Puerto Rico, and in Brazil,
China  and Mexico under joint-venture agreements.   Wal-Mart
(WMT)  employs  more than 670,000 associates in  the  United
States and 30,000 internationally.

      The Chase Manhattan Corporation is the largest banking
company  in  the  United States, with over $300  billion  in
assets.  It is also one of the nation's preeminent financial
services companies, with leading positions in credit  cards,
mortgage  banking, consumer finance, mutual funds  and  home
banking.   Domestically, it has offices  in  39  states  and
relationships with more than 25 million consumers  coast  to
coast.

      MasterCard International, a payments company with  one
of  the  world's  most recognized brands,  is  dedicated  to
helping financial institutions offer consumers a variety  of
payment  options.   MasterCard remains  focused  on  helping
shape  the  future of money by expanding acceptance  of  its
global  brands (MasterCard (R), Maestro (R) and Cirrus  (R),
the  world's largest ATM network) and maintaining  reliable,
secure   networks   facilitating  global   value   exchange.
MasterCard  has  nearly 370 million credit and  debit  cards
that  are  accepted  at  more  than  13  million  acceptance
locations worldwide.  In 1995, gross dollar volume generated
was almost $500 billion.










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