Senior management for the new Chase Manhattan sees tremendous cross- selling potential in the giant derivatives group being pieced together by Don M. Wilson 3d and Jeffery R. Larsen.

By linking the derivatives operations of Chemical Banking Corp. and Chase Manhattan Corp., management is hoping that Mr. Wilson, who will head the generic derivatives business, and Mr. Larsen, as head of structured and specialty products, will create a springboard for the bank's efforts in securities underwriting.

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