<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: May 15, 1997
----------------
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 33
<PAGE> 2
ITEM 5. OTHER EVENTS.
The April 1997 monthly Certificateholders Statements to
investors were distributed May 15, 1997.
ITEM 7 (c). EXHIBITS
The following are filed as exhibits to this Report under
Exhibit 28:
1. April Performance Summary
2. Series 1993-1 Class A and Class B Certificateholder's
Statements for the month of April 1997.
3. Series 1993-4 Class A and Class B Certificateholder's
Statements for the month of April 1997.
4. Series 1994-2 Class A and Class B Certificateholder's
Statements for the month of April 1997.
5. Series 1994-3 Class A and Class B Certificateholder's
Statements for the month of April 1997.
6. Series 1994-4 Class A and Class B Certificateholder's
Statements for the month of April 1997.
7. Series 1994-A Certificateholders' Statement for the
month of April 1997.
8. Series 1995-1 Class A and Class B Certificateholder's
Statements for the month of April 1997.
9. Series 1995-2 Class A and Class B Certificateholder's
Statements for the month of April 1997.
10. Series 1995-3 Class A and Class B Certificateholder's
Statements for the month of April 1997.
11. Series 1995-4 Class A and Class B Certificateholder's
Statements for the month of April 1997.
12. Series 1996-1 Class A and Class B Certificateholder's
Statements for the month of April 1997.
13. Series 1996-2 Class A and Class B Certificateholder's
Statements for the month of April 1997.
14. Series 1996-3 Class A and Class B Certificateholder's
Statements for the month of April 1997.
Page 2 of 33
<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 there-unto duly authorized.
CAPITAL ONE MASTER TRUST
By: CAPITAL ONE BANK
Servicer
By: /s/ David M. Willey
-------------------------------
David M. Willey
Vice President
Date: May 15, 1997
Page 3 of 33
<PAGE> 4
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 33
<PAGE> 5
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
SEQUENTIALLY
EXHIBIT NUMBERED
NUMBER EXHIBITS PAGE
- ------ -------- ------------
<S> <C> <C>
1 April Performance Summary 07
2 Series 1993-1 Class A and Class B Certificate-
holder's Statements for the month of April 1997 09
3 Series 1993-4 Class A and Class B Certificate-
holder's Statements for the month of April 1997 11
4 Series 1994-2 Class A and Class B Certificate-
holder's Statements for the month of April 1997 13
5 Series 1994-3 Class A and Class B Certificate-
holder's Statements for the month of April 1997 15
6 Series 1994-4 Class A and Class B Certificate-
holder's Statements for the month of April 1997 17
7 Series 1994-A Certificateholder's Statement for
the month of April 1997 19
8 Series 1995-1 Class A and Class B Certificate-
holder's Statements for the month of April 1997 20
9 Series 1995-2 Class A and Class B Certificate-
holder's Statements for the month of April 1997. 22
10 Series 1995-3 Class A and Class B Certificate-
holder's Statements for the month of April 1997. 24
11 Series 1995-4 Class A and Class B Certificate-
holder's Statements for the month of April 1997. 26
12 Series 1996-1 Class A and Class B Certificate-
holder's Statements for the month of April 1997. 28
</TABLE>
Page 5 of 33
<PAGE> 6
<TABLE>
<S> <C> <C>
13 Series 1996-2 Class A and Class B Certificate-
holder's Statements for the month of April 1997. 30
14 Series 1996-3 Class A and Class B Certificate-
holder's Statements for the month of April 1997. 32
</TABLE>
Page 6 of 33
<PAGE> 7
<TABLE>
<CAPTION>
CAPITAL ONE MASTER TRUST (RECEIVABLES)
MONTHLY PERIOD: APRIL 1997
<S> <C>
Beginning of the Month Principal Receivables: 10,598,638,417.02
-------------------
Beginning of the Month Finance Charge Receivables: 342,617,038.99
-------------------
Beginning of the Month Discounted Receivables: 0.00
-------------------
Beginning of the Month Total Receivables: 10,941,255,456.01
-------------------
Removed Principal Receivables: 0.00
-------------------
Removed Finance Charge Receivables: 0.00
-------------------
Removed Total Receivables: 0.00
-------------------
Additional Principal Receivables: 1,212,927,088.18
-------------------
Additional Finance Charge Receivables: 24,163,223.24
-------------------
Additional Total Receivables: 1,237,090,311.42
-------------------
Discounted Receivables Generated this Period 0.00
-------------------
End of the Month Principal Receivables: 10,357,597,793.54
-------------------
End of the Month Finance Charge Receivables: 346,494,904.06
-------------------
End of the Month Discounted Receivables: 0.00
-------------------
End of the Month Total Receivables: 10,704,092,697.60
-------------------
Excess Funding Account Balance 0.00
-------------------
Invested Amount of all Master Trust Series 8,620,067,012.58
-------------------
End of the Month Seller Percentage 16.775422%
-------------------
<CAPTION>
CAPITAL ONE MASTER TRUST (DELINQUENCIES AND LOSSES)
MONTHLY PERIOD: APRIL 1997 ACCOUNTS RECEIVABLES
-------- -----------
<S> <C> <C>
End of the Month Delinquencies:
30 - 59 Days Delinquent 123,944 223,730,514.80
------------------- -------------------
60 - 89 Days Delinquent 71,244 139,507,669.19
------------------- -------------------
90 + Days Delinquent 177,269 333,116,170.10
------------------- -------------------
Total 30 + Days Delinquent 372,457 696,354,354.09
------------------- -------------------
Delinquencies 30 + Days as a Percent of End of the Month Total Receivables 6.51%
-------------------
Defaulted Accounts During the Month 40,426 63,911,001.94
------------------- -------------------
Annualized Default Rate as a Percent of Beginning of the Month Principal Receivables 7.24%
-------------------
</TABLE>
Page 7 of 33
<PAGE> 8
<TABLE>
<CAPTION>
CAPITAL ONE MASTER TRUST (COLLECTIONS)
MONTHLY PERIOD: APRIL 1997 COLLECTIONS PERCENTAGES
----------- -----------
<S> <C> <C>
Total Collections and Gross Payment Rate 1,066,197,316.55 9.74%
------------------- -------------------
Collections of Principal Receivables and Principal Payment Rate 884,805,531.71 8.35%
------------------- -------------------
Prior Month Billed Finance Charge and Fees 158,232,203.63
-------------------
Amortized AMF Income 10,912,661.43
-------------------
Interchange Collected 7,071,277.42
-------------------
Recoveries of Charged Off Accounts 4,446,421.65
-------------------
Collections of Discounted Receivables 0.00
-------------------
Collections of Finance Charge Receivables and Annualized Yield 180,662,564.13 20.45%
------------------- -------------------
CAPITAL ONE MASTER TRUST (AMF COLLECTIONS)
MONTHLY PERIOD: APRIL 1997
Beginning Unamortized AMF Balance 40,462,899.05
-------------------
+ AMF Slug for Added Accounts 11,789,023.53
-------------------
+ AMF Collections 11,641,882.14
-------------------
- Amortized AMF Income 10,912,661.43
-------------------
Ending Unamortized AMF Balance 52,981,143.29
-------------------
CAPITAL ONE MASTER TRUST (DISCOUNTED RECEIVABLES)
MONTHLY PERIOD: APRIL 1997
Gross Principal Payment Rate 8.35%
-------------------
May 17, 1994 3% Discount of Addition 50,184,973.92
-------------------
Total Discounted Receivables Collections as of Beginning of Month 50,184,973.92
-------------------
Collections of Discounted Receivables Current Month 0.00
-------------------
Discounted Receivables to be Collected 0.00
-------------------
</TABLE>
CAPITAL ONE BANK
as Servicer
By: /s/ John Schmohl
------------------------------
Name: John Schmohl
Title: Director of External Reporting
Page 8 of 33
<PAGE> 9
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 May
15, 1997, and with respect to the performance of the Trust during the month
April, 1997 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 May 15, 1997
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 May 15, 1997
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 9 of 33
<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 1993-1 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 10 of 33
<PAGE> 11
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 May
15, 1997, and with respect to the performance of the Trust during the month
April, 1997 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 May 15, 1997
per $1,000 Original Principal Amount 4.9479166667
------------------
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 4.9479166667
------------------
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 May 15, 1997
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 11 of 33
<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 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 12 of 33
<PAGE> 13
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 May
15, 1997, and with respect to the performance of the Trust during the month
April, 1997 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 May 15, 1997
per $1,000 Original Principal Amount 4.8729166667
------------------
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 4.8729166667
------------------
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 May 15, 1997
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 13 of 33
<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 1994-2 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 14 of 33
<PAGE> 15
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 May
15, 1997, and with respect to the performance of the Trust during the month
April, 1997 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 May 15, 1997
per $1,000 Original Principal Amount 4.9062500140
------------------
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 4.9062500140
------------------
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 May 15, 1997
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 15 of 33
<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 1994-3 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 16 of 33
<PAGE> 17
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 May
15, 1997, and with respect to the performance of the Trust during the month
April, 1997 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 May 15, 1997
per $1,000 Original Principal Amount 0.0000000000
------------------
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 0.0000000000
------------------
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 May 15, 1997
per $1,000 Original Principal Amount. 0.0000000000
------------------
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. 0.0000000000
------------------
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 17 of 33
<PAGE> 18
<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 18 of 33
<PAGE> 19
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 May
15, 1997, and with respect to the performance of the Trust during the month
April, 1997 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 4.8520008500
------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of principal
on the Investor Certificate is 0.0000000000
------------------
3) The amount of the distribution set forth in paragrah 1 above in respect of interest
on the Investor Certificates 4.8520008500
------------------
</TABLE>
Page 19 of 33
<PAGE> 20
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 May
15, 1997, and with respect to the performance of the Trust during the month
April, 1997 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 May 15, 1997
per $1,000 Original Principal Amount 4.8979166667
------------------
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 4.8979166667
------------------
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 May 15, 1997
per $1,000 Original Principal Amount. 4.9895833333
------------------
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. 4.9895833333
------------------
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 20 of 33
<PAGE> 21
<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 21 of 33
<PAGE> 22
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 May
15, 1997, and with respect to the performance of the Trust during the month
April, 1997 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 May 15, 1997
per $1,000 Original Principal Amount 4.8312500000
------------------
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 4.8312500000
------------------
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 May 15, 1997
48.3125000000
------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 48.3125000000
------------------
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 May 15, 1997
483.1250000000
------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 483.1250000000
------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates 0.0000000000
------------------
</TABLE>
Page 22 of 33
<PAGE> 23
<TABLE>
<S> <C>
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
------------------
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 May 15, 1997
per $1,000 Original Principal Amount. 4.9229167179
------------------
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. 4.9229167179
------------------
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 23 of 33
<PAGE> 24
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 May
15, 1997, and with respect to the performance of the Trust during the month
April, 1997 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 May 15, 1997
per $1,000 Original Principal Amount 4.8645833333
------------------
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 4.8645833333
------------------
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 0.0000000000
Original Principle Amount. ------------------
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 May 15, 1997
per $1,000 Original Principal Amount. 4.9562500366
------------------
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. 4.9562500366
------------------
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 24 of 33
<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 1995-3 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 25 of 33
<PAGE> 26
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 May
15, 1997, and with respect to the performance of the Trust during the month
April, 1997 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 May 15, 1997
per $1,000 Original Principal Amount 0.0000000000
------------------
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 0.0000000000
------------------
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 May 15, 1997
per $1,000 Original Principal Amount. 4.9062500513
------------------
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. 4.9062500513
------------------
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 26 of 33
<PAGE> 27
<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 27 of 33
<PAGE> 28
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 May
15, 1997, and with respect to the performance of the Trust during the month
April, 1997 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 May 15, 1997
per $1,000 Original Principal Amount 13.4162150000
------------------
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 13.4162150000
------------------
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 May 15, 1997
per $10,000 Original Principal Amount 134.1621500000
------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 134.1621500000
------------------
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 May 15, 1997
per $100,000 Original Principal Amount 1,341.6215000000
------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 1,341.6215000000
------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates 0.0000000000
------------------
</TABLE>
Page 28 of 33
<PAGE> 29
<TABLE>
<S> <C>
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
------------------
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 May 15, 1997
per $1,000 Original Principal Amount. 4.9645833409
------------------
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. 4.9645833409
------------------
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>
Page 29 of 33
<PAGE> 30
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1996-2
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 May
15, 1997, and with respect to the performance of the Trust during the month
April, 1997 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 May 15, 1997
per $1,000 Original Principal Amount 4.8229166667
------------------
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 4.8229166667
------------------
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 May 15, 1997
per $10,000 Original Principal Amount 48.2291666667
------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 48.2291666667
------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates 0.00
------------------
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 May 15, 1997
per $100,000 Original Principal Amount 482.2916666667
------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 482.2916666667
------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates 0.0000000000
------------------
</TABLE>
Page 30 of 33
<PAGE> 31
<TABLE>
<S> <C>
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
------------------
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 1996-2 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 May 15, 1997
per $1,000 Original Principal Amount. 5.0145833939
------------------
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. 5.0145833939
------------------
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. 0.00
------------------
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 1996-2 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 67,500,000
------------------
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 67,500,000
------------------
</TABLE>
Page 31 of 33
<PAGE> 32
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1996-3
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 May
15, 1997, and with respect to the performance of the Trust during the month
April, 1997 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 May 15, 1997
per $1,000 Original Principal Amount 4.8395833250
------------------
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 4.8395833250
------------------
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 1996-3 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 May 15, 1997
per $1,000 Original Principal Amount. 5.0395832727
------------------
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. 5.0395832727
------------------
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. 0.00
------------------
</TABLE>
Page 32 of 33
<PAGE> 33
<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 1996-3 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 45,000,000
------------------
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 45,000,000
------------------
</TABLE>
Page 33 of 33
