UNITED STATES
                       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 (Date of earliest event reported): March 25, 2005

                               CHASE FUNDING, INC.
                (Issuer in respect of Chase Funding Mortgage Loan
         Asset-Backed Certificates, Series 2004-2) (the "Certificates")
         --------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

          New York                   333-106428-02               13-3840732
----------------------------     ---------------------     ---------------------
(State or other jurisdiction          (Commission              (IRS Employer
      of incorporation)               File Number)           Identification No.)


   300 Tice Boulevard, Woodcliff Lake, NJ                         07675
---------------------------------------------              --------------------
  (Address of principal executive offices)                      (Zip Code)

Registrant's telephone number, including area code:  (201) 782-9084


----------------------------------------------------------------------
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_|   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

|_|   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))
<PAGE>

Section 8 - Other Events

Item 8.01 Other Events.

Chase Funding, Inc. (the "Depositor") made distributions to holders of its Chase
Funding Mortgage Loan Asset-Backed Certificates,  Series 2004-2, as contemplated
by the  Pooling  and  Servicing  Agreement  among  Chase  Funding,  Inc.,  Chase
Manhattan Mortgage Corporation and Wachovia Bank, N.A., dated as of June 1, 2004
(the "Pooling and Servicing Agreement").

Copies of the  Certificateholders'  Reports with  respect to such  distributions
delivered  pursuant to Section 6.02 of the Pooling and  Servicing  Agreement are
being filed as exhibits to this Current Report on Form 8-K.


Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits.

Exhibit No.     Description
-----------     -----------

  99.1          Monthly Reports with respect to the March 25, 2005 distribution.
<PAGE>

                                   SIGNATURES

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.


                               JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
                               (f/k/a "The Chase Manhattan Bank"),
                               As Paying Agent, on behalf of Chase Funding, Inc.

                               By: /s/ Andrew M. Cooper
                                   -------------------------------
                               Name: Andrew M. Cooper
                               Title: Assistant Vice President
                               Date: April 7, 2005
<PAGE>

                                INDEX TO EXHIBITS

Exhibit No.                      Description
-----------                      -----------------
   99.1                          Monthly Reports with respect to the
                                 distribution to certificateholders on March
                                 25, 2005.
{"company-data": {"conformed-name": "CHASE FUNDING TRUST, SERIES 2004-2", "cik": "0001295884", "assigned-sic": "6189", "irs-number": "000000000", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-106428-02", "film-number": "05744206"}, "business-address": {"street1": "300 TICE BLVD", "city": "WOODCLIFF LAKE", "state": "NJ", "zip": "07675", "phone": "7322050600"}, "mail-address": {"street1": "343 THORNALL ST", "city": "EDISON", "state": "NJ", "zip": "08837"}, "former-company": {"former-conformed-name": "CHASE FUNDING INC.", "date-changed": "20040629"}}
UNITED STATES
                       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 (Date of earliest event reported): March 25, 2005

                               CHASE FUNDING, INC.
                (Issuer in respect of Chase Funding Mortgage Loan
         Asset-Backed Certificates, Series 2004-2) (the "Certificates")
         --------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

          New York                   333-106428-02               13-3840732
----------------------------     ---------------------     ---------------------
(State or other jurisdiction          (Commission              (IRS Employer
      of incorporation)               File Number)           Identification No.)

   300 Tice Boulevard, Woodcliff Lake, NJ                         07675
---------------------------------------------              --------------------
  (Address of principal executive offices)                      (Zip Code)

Registrant's telephone number, including area code:  (201) 782-9084

----------------------------------------------------------------------
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_|   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

|_|   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))
Section 8 - Other Events

Item 8.01 Other Events.

Chase Funding, Inc. (the "Depositor") made distributions to holders of its Chase
Funding Mortgage Loan Asset-Backed Certificates,  Series 2004-2, as contemplated
by the  Pooling  and  Servicing  Agreement  among  Chase  Funding,  Inc.,  Chase
Manhattan Mortgage Corporation and Wachovia Bank, N.A., dated as of June 1, 2004
(the "Pooling and Servicing Agreement").

Copies of the  Certificateholders'  Reports with  respect to such  distributions
delivered  pursuant to Section 6.02 of the Pooling and  Servicing  Agreement are
being filed as exhibits to this Current Report on Form 8-K.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits.

Exhibit No.     Description
-----------     -----------

  99.1          Monthly Reports with respect to the March 25, 2005 distribution.
SIGNATURES

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.

                               JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
                               (f/k/a "The Chase Manhattan Bank"),
                               As Paying Agent, on behalf of Chase Funding, Inc.

                               By: /s/ Andrew M. Cooper
                                   -------------------------------
                               Name: Andrew M. Cooper
                               Title: Assistant Vice President
                               Date: April 7, 2005
INDEX TO EXHIBITS

Exhibit No.                      Description
-----------                      -----------------
   99.1                          Monthly Reports with respect to the
                                 distribution to certificateholders on March
                                 25, 2005.