<PAGE> 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: December 16, 1996
-----------------
CAPITAL ONE MASTER TRUST
CAPITAL ONE BANK
(Exact name of registrant as specified in its charter)
<TABLE>
<S> <C> <C>
Virginia 0-25762 54-1719855
- -------------------------------- ------------- -------------------
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
</TABLE>
<TABLE>
<S> <C>
11013 West Broad Street Road, Glen Allen, Virginia 23060
- -------------------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
</TABLE>
(Registrant's telephone number, including area code):
(804) 967-1000
(Former name or former address, if changed since last report):
Not Applicable
Page 1 of 30
<PAGE> 2
ITEM 5. OTHER EVENTS.
The November 1996 monthly Certificateholders Statements to
investors were distributed December 16, 1996.
ITEM 7 (c). EXHIBITS
The following are filed as exhibits to this Report under
Exhibit 28:
1. November Performance Summary
2. Series 1993G1 Class A and Class B Certificateholder's
Statements for the month of November 1996.
3. Series 1993G3 Class A and Class B Certificateholder's
Statements for the month of November 1996.
4. Series 1993G4 Class A and Class B Certificateholder's
Statements for the month of November 1996.
5. Series 1994G2 Class A and Class B Certificateholder's
Statements for the month of November 1996.
6. Series 1994G3 Class A and Class B Certificateholder's
Statements for the month of November 1996.
7. Series 1994G4 Class A and Class B Certificateholder's
Statements for the month of November 1996.
8. Series 1994-A Certificateholders' Statement for the month
of November 1996.
9. Series 1995-1 Class A and Class B Certificateholder's
Statements for the month of November 1996.
10. Series 1995-2 Class A and Class B Certificateholder's
Statements for the month of November 1996.
11. Series 1995-3 Class A and Class B Certificateholder's
Statements for the month of November 1996.
12. Series 1995-4 Class A and Class B Certificateholder's
Statements for the month of November 1996.
13. Series 1996-1 Class A and Class B Certificateholder's
Statements for the month of November 1996.
Page 2 of 30
<PAGE> 3
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 thereGunto duly authorized.
CAPITAL ONE MASTER TRUST
By: CAPITAL ONE BANK
Servicer
By: /s/ David M. Willey
---------------------
David M. Willey
Vice President
Date: December 16, 1996
Page 3 of 30
<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------
EXHIBITS
TO
FORM 8-K
CAPITAL ONE MASTER TRUST
CAPITAL ONE BANK
(Exact name of registrant as specified in its charter)
Page 4 of 30
<PAGE> 2
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
SEQUENTIALLY
EXHIBIT NUMBERED
NUMBER EXHIBITS PAGE
- ------ -------- ------------
<S> <C> <C>
1 November Performance Summary 06
2 Series 1993G1 Class A and Class B Certificate-
holder's Statements for the month of November 1996 08
3 Series 1993G3 Class A and Class B Certificate-
holder's Statements for the month of November 1996 10
4 Series 1993G4 Class A and Class B Certificate-
holder's Statements for the month of November 1996 12
5 Series 1994G2 Class A and Class B Certificate-
holder's Statements for the month of November 1996 14
6 Series 1994G3 Class A and Class B Certificate-
holder's Statements for the month of November 1996 16
7 Series 1994G4 Class A and Class B Certificate-
holder's Statements for the month of November 1996 18
8 Series 1994-A Certificateholder's Statement for
the month of November 1996 20
9 Series 1995-1 Class A and Class B Certificate-
holder's Statements for the month of November 1996 21
10 Series 1995-2 Class A and Class B Certificate-
holder's Statements for the month of November 1996. 23
11 Series 1995-3 Class A and Class B Certificate-
holder's Statements for the month of November 1996. 25
12 Series 1995-4 Class A and Class B Certificate-
holder's Statements for the month of November 1996. 27
13 Series 1996-1 Class A and Class B Certificate-
holder's Statements for the month of November 1996. 29
</TABLE>
Page 5 of 30
<PAGE> 3
<TABLE>
<S> <C>
CAPITAL ONE MASTER TRUST (RECEIVABLES)
MONTHLY PERIOD : NOVEMBER 1996
Beginning of the Month Principal Receivables : 10,633,257,755.85
----------------------
Beginning of the Month Finance Charge Receivables : 292,212,630.94
----------------------
Beginning of the Month Discounted Receivables : 0.00
----------------------
Beginning of the Month Total Receivables : 10,925,470,386.79
----------------------
Removed Principal Receivables : 0.00
----------------------
Removed Finance Charge Receivables : 0.00
----------------------
Removed Total Receivables : 0.00
----------------------
Additional Principal Receivables : 1,708,912,957.93
----------------------
Additional Finance Charge Receivables : 102,332,322.09
----------------------
Additional Total Receivables : 1,811,245,280.02
----------------------
Discounted Receivables Generated this Period 0.00
----------------------
End of the Month Principal Receivables : 10,544,159,195.15
----------------------
End of the Month Finance Charge Receivables : 295,240,989.84
----------------------
End of the Month Discounted Receivables : 0.00
----------------------
End of the Month Total Receivables : 10,839,400,184.99
----------------------
Excess Funding Account Balance 0.00
----------------------
Invested Amount of all Master Trust Series 7,870,067,012.58
----------------------
End of the Month Seller Percentage 25.360886%
----------------------
<CAPTION>
CAPITAL ONE MASTER TRUST (DELINQUENCIES AND LOSSES)
MONTHLY PERIOD : NOVEMBER 1996 ACCOUNTS RECEIVABLES
---------- -------------
<S> <C> <C>
End of the Month Delinquencies :
30 - 59 Days Delinquent 127,051 217,308,368.59
----------------- ----------------------
60 - 89 Days Delinquent 65,652 125,999,736.41
----------------- ----------------------
90 + Days Delinquent 160,343 302,306,834.43
----------------- ----------------------
Total 30 + Days Delinquent 353,046 645,614,939.43
----------------- ----------------------
Delinquencies 30 + Days as a Percent of End of the
Month Total Receivables 5.96%
----------------------
Defaulted Accounts During the Month 28,697 50,135,134.15
----------------- ----------------------
Annualized Default Rate as a Percent of Beginning of the
Month Principal Receivables 5.66%
----------------------
</TABLE>
Page 6 of 30
<PAGE> 4
<TABLE>
<CAPTION>
CAPITAL ONE MASTER TRUST (COLLECTIONS)
MONTHLY PERIOD : NOVEMBER 1996 COLLECTIONS PERCENTAGES
------------- -------------
<S> <C> <C>
Total Collections and Gross Payment Rate 951,314,652.20 8.71%
----------------- ----------------
Collections of Principal Receivables and Principal Payment Rate 783,825,010.07 7.37%
----------------- ----------------
Prior Month Billed Finance Charge and Fees 150,545,784.66
-----------------
Amortized AMF Income 9,815,106.84
-----------------
Interchange Collected 7,345,689.49
-----------------
Recoveries of Charged Off Accounts 1,894,370.70
-----------------
Collections of Discounted Receivables 0.00
-----------------
Collections of Finance Charge Receivables and Annualized Yield 169,600,951.69 19.14%
----------------- ----------------
CAPITAL ONE MASTER TRUST (AMF COLLECTIONS)
MONTHLY PERIOD : NOVEMBER 1996
Beginning Unamortized AMF Balance 19,695,214.18
----------------
+ AMF Slug for Added Accounts 38,182,872.09
-----------------
+ AMF Collections 7,703,797.28
-----------------
- Amortized AMF Income 9,815,106.84
-----------------
Ending Unamortized AMF Balance 55,766,776.71
-----------------
</TABLE>
CAPITAL ONE BANK
as Servicer
By : /s/ John Schmohl
---------------------
Name : John Schmohl
Title : Director of External Reporting
Page 7 of 30
<PAGE> 5
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1993-1
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information which
is required to be prepared with respect to the Distribution Date of December 16,
1996, and with respect to the performance of the Trust during the month
November, 1996 is set forth below. Certain of the information is presented on
the basis of an original principal amount of $1,000 per investor Certificate (a
"Certificate"). Certain other information is presented based on the aggregate
amounts for the Trust as a whole. Capitalized terms used in this Certificate
have their respective meanings set forth in the Pooling and Servicing Agreement.
<TABLE>
<S> <C>
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on December 16, 1996
per $1,000 Original Principal Amount 4.3333333333
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 4.3333333333
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
----------------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.00
----------------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------------
3) The total amount of reimbursed to the Trust in respect of Class A Investor Charge Off's 0.00
----------------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1993-1 Investor Certificateholder's
Investment) 0.0000000000
----------------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date 0.00
----------------------
C) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on December 16, 1996
per $1,000 Original Principal Amount. 4.5000000000
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 4.5000000000
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
----------------------
</TABLE>
Page 8 of 30
<PAGE> 6
<TABLE>
<S> <C>
D) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.00
----------------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------------
3) The total amount of reimbursed to the Trust in respect of Class B Investor Charge Off's 0.00
----------------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1993-1 Investor Certificateholder's
Investment) 0.0000000000
----------------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date 0.00
----------------------
</TABLE>
CAPITAL ONE BANK
as Servicer
By : /s/ John Schmohl
--------------------
Name : John Schmohl
Title : Director of External Reporting
Page 9 of 30
<PAGE> 7
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1993-3
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information which
is required to be prepared with respect to the Distribution Date of December 16,
1996, and with respect to the performance of the Trust during the month
November, 1996 is set forth below. Certain of the information is presented on
the basis of an original principal amount of $1,000 per investor Certificate (a
"Certificate"). Certain other information is presented based on the aggregate
amounts for the Trust as a whole. Capitalized terms used in this Certificate
have their respective meanings set forth in the Pooling and Servicing Agreement.
<TABLE>
<S> <C>
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on December 16, 1996
per $1,000 Original Principal Amount 1004.0416666667
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 4.0416666667
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 1000.0000000000
----------------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.00
----------------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------------
3) The total amount of reimbursed to the Trust in respect of Class A Investor Charge Off's 0.00
----------------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1993-3 Investor Certificateholder's
Investment) 0.0000000000
----------------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date 0.00
----------------------
C) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on December 16, 1996
per $1,000 Original Principal Amount. 4.3750000000
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 4.3750000000
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
----------------------
</TABLE>
Page 10 of 30
<PAGE> 8
<TABLE>
<S> <C>
D) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.00
----------------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------------
3) The total amount of reimbursed to the Trust in respect of Class B Investor Charge Off's 0.00
----------------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1993-3 Investor Certificateholder's
Investment) 0.0000000000
----------------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date 0.00
----------------------
</TABLE>
CAPITAL ONE BANK
as Servicer
By : /s/ John Schmohl
--------------------
Name : John Schmohl
Title : Director of External Reporting
Page 11 of 30
<PAGE> 9
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1993-4
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information which
is required to be prepared with respect to the Distribution Date of December 16,
1996, and with respect to the performance of the Trust during the month
November, 1996 is set forth below. Certain of the information is presented on
the basis of an original principal amount of $1,000 per investor Certificate (a
"Certificate"). Certain other information is presented based on the aggregate
amounts for the Trust as a whole. Capitalized terms used in this Certificate
have their respective meanings set forth in the Pooling and Servicing Agreement.
<TABLE>
<S> <C>
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on December 16, 1996
per $1,000 Original Principal Amount 4.8437500000
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 4.8437500000
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
----------------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.00
----------------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------------
3) The total amount of reimbursed to the Trust in respect of Class A Investor Charge Off's 0.00
----------------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1993-4 Investor Certificateholder's
Investment) 0.0000000000
----------------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date 0.00
----------------------
C) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on December 16, 1996
per $1,000 Original Principal Amount. 4.8333332967
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 4.8333332967
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
----------------------
</TABLE>
Page 12 of 30
<PAGE> 10
<TABLE>
<S> <C>
D) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.00
----------------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------------
3) The total amount of reimbursed to the Trust in respect of Class B Investor Charge Off's 0.00
----------------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1993-4 Investor Certificateholder's
Investment) 0.0000000000
----------------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date 0.00
----------------------
</TABLE>
CAPITAL ONE BANK
as Servicer
By : /s/ John Schmohl
-------------------
Name : John Schmohl
Title : Director of External Reporting
Page 13 of 30
<PAGE> 11
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1994-2
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information
which is required to be prepared with respect to the Distribution Date of
December 16, 1996, and with respect to the performance of the Trust during the
month November, 1996 is set forth below. Certain of the information is
presented on the basis of an original principal amount of $1,000 per investor
Certificate (a "Certificate"). Certain other information is presented based on
the aggregate amounts for the Trust as a whole. Capitalized terms used in this
Certificate have their respective meanings set forth in the Pooling and
Servicing Agreement.
<TABLE>
<S> <C>
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on December 16, 1996
per $1,000 Original Principal Amount 4.7662500000
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 4.7662500000
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
----------------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.00
----------------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------------
3) The total amount of reimbursed to the Trust in respect of Class A Investor Charge Off's 0.00
----------------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1994-2 Investor Certificateholder's
Investment) 0.0000000000
----------------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date 0.00
----------------------
C) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on December 16, 1996
per $1,000 Original Principal Amount. 5.7916666667
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 5.7916666667
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
----------------------
</TABLE>
Page 14 of 30
<PAGE> 12
<TABLE>
<S> <C>
D) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.00
----------------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------------
3) The total amount of reimbursed to the Trust in respect of Class B Investor Charge Off's 0.00
----------------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1994-2 Investor Certificateholder's
Investment) 0.0000000000
----------------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date 0.00
----------------------
E) The Available Collateral Amount as of the close of business on the preceding Distribution Date (after
giving effect to any withdrawal from the Collateral Account) was equal to 47,848,091
----------------------
F) The Required Collateral Amount as of the close of business on such Distribution Date, after giving effect
to any withdrawal from the Collateral Account and payments to the Collateral Indebtedness Holder on such
Distribution Date, will be equal to 47,848,091
----------------------
</TABLE>
CAPITAL ONE BANK
as Servicer
By : /s/ John Schmohl
--------------------
Name : John Schmohl
Title : Director of External Reporting
Page 15 of 30
<PAGE> 13
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1994-3
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information
which is required to be prepared with respect to the Distribution Date of
December 16, 1996, and with respect to the performance of the Trust during the
month November, 1996 is set forth below. Certain of the information is
presented on the basis of an original principal amount of $1,000 per investor
Certificate (a "Certificate"). Certain other information is presented based on
the aggregate amounts for the Trust as a whole. Capitalized terms used in this
Certificate have their respective meanings set forth in the Pooling and
Servicing Agreement.
<TABLE>
<S> <C>
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on December 16, 1996
per $1,000 Original Principal Amount 4.8006944336
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 4.8006944336
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
----------------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.00
----------------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------------
3) The total amount of reimbursed to the Trust in respect of Class A Investor Charge Off's 0.00
----------------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1994-3 Investor Certificateholder's
Investment) 0.0000000000
----------------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date 0.00
----------------------
C) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on December 16, 1996
per $1,000 Original Principal Amount. 6.1250001228
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 6.1250001228
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
----------------------
</TABLE>
Page 16 of 30
<PAGE> 14
<TABLE>
<S> <C>
D) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.00
----------------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------------
3) The total amount of reimbursed to the Trust in respect of Class B Investor Charge Off's 0.00
----------------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1994-3 Investor Certificateholder's
Investment) 0.0000000000
----------------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date 0.00
----------------------
E) The Available Collateral Amount as of the close of business on the preceding Distribution Date (after
giving effect to any withdrawal from the Collateral Account) was equal to 54,303,682
----------------------
F) The Required Collateral Amount as of the close of business on such Distribution Date, after giving effect
to any withdrawal from the Collateral Account and payments to the Collateral Indebtedness Holder on such
Distribution Date, will be equal to 54,303,682
----------------------
</TABLE>
Page 17 of 30
<PAGE> 15
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1994-4
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information which
is required to be prepared with respect to the Distribution Date of December 16,
1996, and with respect to the performance of the Trust during the month
November, 1996 is set forth below. Certain of the information is presented on
the basis of an original principal amount of $1,000 per investor Certificate (a
"Certificate"). Certain other information is presented based on the aggregate
amounts for the Trust as a whole. Capitalized terms used in this Certificate
have their respective meanings set forth in the Pooling and Servicing Agreement.
<TABLE>
<S> <C>
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on December 16, 1996
per $1,000 Original Principal Amount 5.6666666600
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 5.6666666600
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
----------------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.00
----------------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------------
3) The total amount of reimbursed to the Trust in respect of Class A Investor Charge Off's 0.00
----------------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1994-4 Investor Certificateholder's
Investment) 0.0000000000
----------------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date 0.00
----------------------
C) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on December 16, 1996
per $1,000 Original Principal Amount. 5.9166666667
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 5.9166666667
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
----------------------
</TABLE>
Page 18 of 30
<PAGE> 16
<TABLE>
<S> <C>
D) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.00
----------------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------------
3) The total amount of reimbursed to the Trust in respect of Class B Investor Charge Off's 0.00
----------------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1994-4 Investor Certificateholder's
Investment) 0.0000000000
----------------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date 0.00
----------------------
E) The Available Collateral Amount as of the close of business on the preceding Distribution Date (after
giving effect to any withdrawal from the Collateral Account) was equal to 59,880,240
----------------------
F) The Required Collateral Amount as of the close of business on such Distribution Date, after giving effect
to any withdrawal from the Collateral Account and payments to the Collateral Indebtedness Holder on such
Distribution Date, will be equal to 59,880,224
----------------------
</TABLE>
Page 19 of 30
<PAGE> 17
MONTHLY CERTIFICATEHOLDERS STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1994-A
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information
which is required to be prepared with respect to the Distribution Date of
December 16, 1996, and with respect to the performance of the Trust during the
month November, 1996 is set forth below. Certain of the information is
presented on the basis of an original principal amount of $1,000 per investor
Certificate (a "Certificate"). Certain other information is presented based on
the aggregate amounts for the Trust as a whole. Capitalized terms used in this
Certificate have their respective meanings set forth in the Pooling and
Servicing Agreement.
<TABLE>
<S> <C>
1) The total amount of the distribution to Investor Certificateholders of 1994-A on the
Payment Date is 338.1143713666
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of principal
on the Investor Certificate is 333.3333333333
----------------------
3) The amount of the distribution set forth in paragrah 1 above in respect of interest
on the Investor Certificates 4.7810380333
----------------------
</TABLE>
Page 20 of 30
<PAGE> 18
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1995-1
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information
which is required to be prepared with respect to the Distribution Date of
December 16, 1996, and with respect to the performance of the Trust during the
month November, 1996 is set forth below. Certain of the information is
presented on the basis of an original principal amount of $1,000 per investor
Certificate (a "Certificate"). Certain other information is presented based on
the aggregate amounts for the Trust as a whole. Capitalized terms used in this
Certificate have their respective meanings set forth in the Pooling and
Servicing Agreement.
<TABLE>
<S> <C>
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on December 16, 1996
per $1,000 Original Principal Amount 4.7920833333
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 4.7920833333
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
----------------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.00
----------------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------------
3) The total amount of reimbursed to the Trust in respect of Class A Investor Charge Off's 0.00
----------------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1995-1 Investor Certificateholder's
Investment) 0.0000000000
----------------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date 0.00
----------------------
C) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on December 16, 1996
per $1,000 Original Principal Amount. 4.8868055556
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 4.8868055556
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
----------------------
</TABLE>
Page 21 of 30
<PAGE> 19
<TABLE>
<S> <C>
D) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.00
----------------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------------
3) The total amount of reimbursed to the Trust in respect of Class B Investor Charge Off's 0.00
----------------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1995-1 Investor Certificateholder's
Investment) 0.0000000000
----------------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date 0.00
----------------------
E) The Available Collateral Amount as of the close of business on the preceding Distribution Date (after
giving effect to any withdrawal from the Collateral Account) was equal to 99,000,000
----------------------
F) The Required Collateral Amount as of the close of business on such Distribution Date, after giving
effect to any withdrawal from the Collateral Account and payments to the Collateral Indebtedness Holder on
such Distribution Date, will be equal to 99,000,000
----------------------
</TABLE>
Page 22 of 30
<PAGE> 20
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1995-2
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information
which is required to be prepared with respect to the Distribution Date of
December 16, 1996, and with respect to the performance of the Trust during the
month November, 1996 is set forth below. Certain of the information is
presented on the basis of an original principal amount of $1,000 per investor
Certificate (a "Certificate"). Certain other information is presented based on
the aggregate amounts for the Trust as a whole. Capitalized terms used in this
Certificate have their respective meanings set forth in the Pooling and
Servicing Agreement.
<TABLE>
<S> <C>
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on December 16, 1996
per $1,000 Original Principal Amount 4.7231944333
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 4.7231944333
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
----------------------
B) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $10,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on December 16, 1996 47.2319443333
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 47.2319443333
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates 0.0000000000
----------------------
C) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $100,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on December 16, 1996 472.3194433333
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 472.3194433333
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates 0.0000000000
----------------------
D) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.00
----------------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------------
</TABLE>
Page 23 of 30
<PAGE> 21
<TABLE>
<S> <C>
3) The total amount of reimbursed to the Trust in respect of Class A Investor Charge Off's 0.00
----------------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1995-2 Investor Certificateholder's
Investment) 0.0000000000
----------------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date 0.00
----------------------
E) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on December 16, 1996
per $1,000 Original Principal Amount. 4.8179167179
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 4.8179167179
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
----------------------
F) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.00
----------------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------------
3) The total amount of reimbursed to the Trust in respect of Class B Investor Charge Off's 0.00
----------------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1995-2 Investor Certificateholder's
Investment) 0.0000000000
----------------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date 0.00
----------------------
G) The Available Collateral Amount as of the close of business on the preceding Distribution Date (after
giving effect to any withdrawal from the Collateral Account) was equal to 26,250,000
----------------------
H) The Required Collateral Amount as of the close of business on such Distribution Date, after giving
effect to any withdrawal from the Collateral Account and payments to the Collateral Indebtedness Holder
on such Distribution Date, will be equal to 26,250,000
----------------------
</TABLE>
Page 24 of 30
<PAGE> 22
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1995-3
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information
which is required to be prepared with respect to the Distribution Date of
December 16, 1996, and with respect to the performance of the Trust during the
month November, 1996 is set forth below. Certain of the information is
presented on the basis of an original principal amount of $1,000 per investor
Certificate (a "Certificate"). Certain other information is presented based on
the aggregate amounts for the Trust as a whole. Capitalized terms used in this
Certificate have their respective meanings set forth in the Pooling and
Servicing Agreement.
<TABLE>
<S> <C>
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on December 16, 1996
per $1,000 Original Principal Amount 4.7576388929
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 4.7576388929
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
----------------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.00
----------------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------------
3) The total amount of reimbursed to the Trust in respect of Class A Investor Charge Off's 0.00
----------------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1995-3 Investor Certificateholder's
Investment) 0.0000000000
----------------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date 0.00
----------------------
C) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on December 16, 1996
per $1,000 Original Principal Amount. 4.8523610989
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 4.8523610989
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
----------------------
</TABLE>
Page 25 of 30
<PAGE> 23
<TABLE>
<S> <C>
D) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.00
----------------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------------
3) The total amount of reimbursed to the Trust in respect of Class B Investor Charge Off's 0.00
----------------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1995-3 Investor Certificateholder's
Investment) 0.0000000000
----------------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date 0.00
----------------------
E) The Available Collateral Amount as of the close of business on the preceding Distribution Date (after
giving effect to any withdrawal from the Collateral Account) was equal to 73,500,000
----------------------
F) The Required Collateral Amount as of the close of business on such Distribution Date, after giving
effect to any withdrawal from the Collateral Account and payments to the Collateral Indebtedness Holder
on such Distribution Date, will be equal to 73,500,000
----------------------
</TABLE>
Page 26 of 30
<PAGE> 24
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1995-4
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information
which is required to be prepared with respect to the Distribution Date of
December 16, 1996, and with respect to the performance of the Trust during the
month November, 1996 is set forth below. Certain of the information is
presented on the basis of an original principal amount of $1,000 per investor
Certificate (a "Certificate"). Certain other information is presented based on
the aggregate amounts for the Trust as a whole. Capitalized terms used in this
Certificate have their respective meanings set forth in the Pooling and
Servicing Agreement.
<TABLE>
<S> <C>
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on December 16, 1996
per $1,000 Original Principal Amount 4.8533341667
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 4.8533341667
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
----------------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.00
----------------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------------
3) The total amount of reimbursed to the Trust in respect of Class A Investor Charge Off's 0.00
----------------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1995-4 Investor Certificateholder's
Investment) 0.0000000000
----------------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date 0.00
----------------------
C) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on December 16, 1996
per $1,000 Original Principal Amount. 4.8006944615
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 4.8006944615
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
----------------------
</TABLE>
Page 27 of 30
<PAGE> 25
<TABLE>
<S> <C>
D) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.00
----------------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------------
3) The total amount of reimbursed to the Trust in respect of Class B Investor Charge Off's 0.00
----------------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1995-4 Investor Certificateholder's
Investment) 0.0000000000
----------------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date 0.00
----------------------
E) The Available Collateral Amount as of the close of business on the preceding Distribution Date (after
giving effect to any withdrawal from the Collateral Account) was equal to 52,500,000
----------------------
F) The Required Collateral Amount as of the close of business on such Distribution Date, after giving
effect to any withdrawal from the Collateral Account and payments to the Collateral Indebtedness Holder on
such Distribution Date, will be equal to 52,500,000
----------------------
</TABLE>
Page 28 of 30
<PAGE> 26
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1996-1
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information
which is required to be prepared with respect to the Distribution Date of
December 16, 1996, and with respect to the performance of the Trust during the
month November, 1996 is set forth below. Certain of the information is
presented on the basis of an original principal amount of $1,000 per investor
Certificate (a "Certificate"). Certain other information is presented based on
the aggregate amounts for the Trust as a whole. Capitalized terms used in this
Certificate have their respective meanings set forth in the Pooling and
Servicing Agreement.
<TABLE>
<S> <C>
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on December 16, 1996
per $1,000 Original Principal Amount 4.8394444379
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 4.8394444379
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
----------------------
B) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $10,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on December 16, 1996
per $10,000 Original Principal Amount 48.3944443787
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 48.3944443787
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates 0.0000000000
----------------------
C) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $100,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on December 16, 1996
per $100,000 Original Principal Amount 483.9444437870
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 483.9444437870
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates 0.0000000000
----------------------
D) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.0000000000
----------------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------------
</TABLE>
Page 29 of 30
<PAGE> 27
<TABLE>
<S> <C>
3) The total amount of reimbursed to the Trust in respect of Class A Investor Charge Off's 0.0000000000
----------------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1996-1 Investor Certificateholder's
Investment) 0.0000000000
----------------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date 0.0000000000
----------------------
E) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on December 16, 1996
per $1,000 Original Principal Amount. 4.8609722349
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 4.8609722349
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
----------------------
F) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.0000000000
----------------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
----------------------
3) The total amount of reimbursed to the Trust in respect of Class B Investor Charge Off's 0.0000000000
----------------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1996-1 Investor Certificateholder's
Investment) 0.0000000000
----------------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date 0.0000000000
----------------------
G) The Available Collateral Amount as of the close of business on the preceding Distribution Date (after
giving effect to any withdrawal from the Collateral Account) was equal to 59,150,000
----------------------
H) The Required Collateral Amount as of the close of business on such Distribution Date, after giving effect
to any withdrawal from the Collateral Account and payments to the Collateral Indebtedness Holder on such
Distribution Date, will be equal to 59,150,000
----------------------
</TABLE>
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