CAPITAL ONE MASTER TRUST
8-K, 1998-09-15
ASSET-BACKED SECURITIES
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<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: September 15, 1998
                                       ------------------



                            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 42
<PAGE>   2
     ITEM 5.        OTHER EVENTS.
                    The August 1998 monthly Certificateholder's Statements to
                    investors were distributed September 15, 1998.


     ITEM 7 (c).    EXHIBITS

                    The following are filed as exhibits to this Report under
                     Exhibit 20:

                    1.  August Performance Summary
                    2.  Series 1993-1 Class A and Class B Certificateholder's
                         Statements for the month of August 1998.
                    3.  Series 1993-4 Class A and Class B Certificateholder's
                         Statements for the month of August 1998.
                    4.  Series 1994-3 Class A and Class B Certificateholder's
                         Statements for the month of August 1998.
                    5.  Series 1994-A Certificateholders' Statement for the
                         month of August 1998.
                    6.  Series 1995-1 Class A and Class B Certificateholder's
                         Statements for the month of August 1998.
                    7.  Series 1995-2 Class A and Class B Certificateholder's 
                         Statements for the month of August 1998.
                    8.  Series 1995-3 Class A and Class B Certificateholder's
                         Statements for the month of August 1998.
                    9.  Series 1996-1 Class A and Class B Certificateholder's 
                         Statements for the month of August 1998.
                    10. Series 1996-2 Class A and Class B Certificateholder's
                         Statements for the month of August 1998.
                    11. Series 1996-3 Class A and Class B Certificateholder's
                         Statements for the month of August 1998.
                    12. Series 1997-1 Class A and Class B Certificateholder's 
                         Statements for the month of August 1998. 
                    13. Series 1997-2 Class A and Class B Certificateholder's 
                         Statements for the month of August 1998.
                    14. Series 1998-1 Class A and Class B Certificateholder's
                         Statements for the month of August 1998.
                    15. Series 1998-2 Class A and Class B Certificateholder's
                         Statements for the month of August 1998

                                                                    Page 2 of 42
<PAGE>   3
                    16. Series 1998-3 Class A and Class B Certificateholder's
                         Statement for the month of August 1998
                    17. Trust Excess Spread Analysis





                                    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 thereunto duly authorized.

                                        CAPITAL ONE MASTER TRUST

                                        By:  CAPITAL ONE BANK
                                             Servicer


                                        By:  /s/ David M. Willey
                                             -----------------------------------
                                             David M. Willey
                                             Senior Vice President and Treasurer
Date: September 15, 1998


                                                                    Page 3 of 42
<PAGE>   4
                                INDEX TO EXHIBITS

                                                                    SEQUENTIALLY
EXHIBIT                                                             NUMBERED
NUMBER        EXHIBITS                                              PAGE
- ------        --------                                              ------------


     1        August Performance Summary                                 07

     2        Series 1993-1 Class A and Class B Certificate-
              holder's Statements for the month of August 1998           09

     3        Series 1993-4 Class A and Class B Certificate-
              holder's Statements for the month of August 1998           11

     4        Series 1994-3 Class A and Class B Certificate-
              holder's Statements for the month of August 1998           13

     5        Series 1994-A Certificateholder's Statement for
              the month of August 1998                                   15

     6        Series 1995-1 Class A and Class B Certificate-
              holder's Statements for the month of August 1998           16

     7        Series 1995-2 Class A and Class B Certificate-
              holder's Statements for the month of August 1998           18

     8        Series 1995-3 Class A and Class B Certificate-
              holder's Statements for the month of August 1998           20

     9        Series 1996-1 Class A and Class B Certificate-
              holder's Statements for the month of August 1998           22

     10       Series 1996-2 Class A and Class B Certificate-
              holder's Statements for the month of August 1998           24


                                                                    Page 5 of 42
<PAGE>   5






     11       Series 1996-3 Class A and Class B Certificate-
              holder's Statements for the month of August 1998           26


     12       Series 1997-1 Class A and Class B Certificate-
              holder's Statements for the month of August 1998           28


     13       Series 1997-2 Class A and Class B Certificate-
              holder's Statements for the month of August 1998           30

     14       Series 1998-1 Class A and Class B Certificate-
              holder's Statements for the month of August 1998           33


     15       Series 1998-2 Class A and Class B Certificate-
              holder's Statements for the month of August 1998           36


     16       Series 1998-3 Class A and Class B Certificate-
              holder's Statements for the month of August 1998           39


     17       Trust Excess Spread Analysis                               42



                                                                    Page 6 of 42

<PAGE>   1
CAPITAL ONE MASTER TRUST (RECEIVABLES)
MONTHLY PERIOD : August 1998

<TABLE>
<S>                                                                                    <C>                       <C>
Beginning of the Month Principal Receivables :                                                                   10,673,647,905.02
                                                                                                                 -----------------
Beginning of the Month Finance Charge Receivables :                                                                 330,169,787.91
                                                                                                                 -----------------
Beginning of the Month Discounted Receivables :                                                                               0.00
                                                                                                                 -----------------
Beginning of the Month Total Receivables :                                                                       11,003,817,692.93
                                                                                                                 -----------------

Removed Principal Receivables :                                                                                               0.00
                                                                                                                 -----------------
Removed Finance Charge Receivables :                                                                                          0.00
                                                                                                                 -----------------
Removed Total Receivables :                                                                                                   0.00
                                                                                                                 -----------------

Additional Principal Receivables :                                                                                            0.00
                                                                                                                 -----------------
Additional Finance Charge Receivables :                                                                                       0.00
                                                                                                                 -----------------
Additional Total Receivables :                                                                                                0.00
                                                                                                                 -----------------

Discounted Receivables Generated this Period                                                                                  0.00
                                                                                                                 -----------------

End of the Month Principal Receivables :                                                                         10,427,489,712.72
                                                                                                                 -----------------
End of the Month Finance Charge Receivables :                                                                       326,827,926.61
                                                                                                                 -----------------
End of the Month Discounted Receivables :                                                                                     0.00
                                                                                                                 -----------------
End of the Month Total Receivables :                                                                             10,754,317,639.33
                                                                                                                 -----------------

Excess Funding Account Balance                                                                                                0.00
                                                                                                                 -----------------
Adjusted Invested Amount of all Master Trust Series                                                               9,468,249,756.63
                                                                                                                 -----------------

End of the Month Seller Percentage                                                                                           9.20%
                                                                                                                 -----------------

CAPITAL ONE MASTER TRUST (DELINQUENCIES AND LOSSES)
MONTHLY PERIOD : August 1998                                                             ACCOUNTS                  RECEIVABLES

End of the Month Delinquencies :
         30 - 59 Days Delinquent                                                             141,083                191,872,845.61
                                                                                       -------------             -----------------
         60 - 89 Days Delinquent                                                              84,766                126,267,478.49
                                                                                       -------------             -----------------
         90 + Days Delinquent                                                                166,027                257,424,114.13
                                                                                       -------------             -----------------
                                                                                                     
         Total 30 + Days Delinquent                                                          391,876                575,564,438.23
                                                                                       -------------             -----------------

         Delinquencies 30 + Days as a Percent of End of the Month Total Receivables                                          5.35%
                                                                                                                 -----------------

Defaulted Accounts During the Month                                                           49,273                 64,693,838.29
                                                                                       -------------             -----------------

Annualized Default Rate as a Percent of Beginning of the Month Principal Receivables                                         7.27%
                                                                                                                 -----------------
</TABLE>


                                                                    Page 7 of 42
<PAGE>   2
<TABLE>
<S>                                                                                  <C>                         <C>
Total Collections and Gross Payment Rate                                             1,246,590,927.21                     11.33%
                                                                                     ----------------            -----------------

Collections of Principal Receivables and Principal Payment Rate                      1,051,800,201.58                      9.85%
                                                                                     ----------------            -----------------

         Prior Month Billed Finance Charge and Fees                                    164,836,610.43
                                                                                     ----------------
         Amortized AMF Income                                                           10,841,801.08
                                                                                     ----------------
         Interchange Collected                                                           9,408,723.30
                                                                                     ----------------
         Recoveries of Charged Off Accounts                                             12,165,264.41
                                                                                     ----------------
         Collections of Discounted Receivables                                                   0.00
                                                                                     ----------------

Collections of Finance Charge Receivables and Annualized Yield                         197,252,399.22                     22.18%
                                                                                     ----------------            -----------------

CAPITAL ONE MASTER TRUST (AMF COLLECTIONS)
MONTHLY PERIOD : August 1998

Beginning Unamortized AMF Balance                                                                                  66,789,370.64
                                                                                                                -----------------
       + AMF Slug for Added Accounts                                                             0.00
                                                                                      ---------------
       + AMF Collections                                                                 8,380,127.49
                                                                                      ---------------
       - Amortized AMF Income                                                           10,841,801.08
                                                                                      ---------------
Ending Unamortized AMF Balance                                                                                     64,327,697.05
                                                                                                                -----------------

CAPITAL ONE MASTER TRUST (DISCOUNTED RECEIVABLES)
MONTHLY PERIOD : AUGUST 1998

Gross  Principal  Payment Rate                                                                  9.85%
                                                                                      ---------------

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>
                                                           
                                                           
                                                               
                                                  /s/ Douglas C.H. Adamson
                                                  ------------------------------
                                                  Douglas C.H. Adamson
                                                  Securitization Manager

                                                                    Page 8 of 42

<PAGE>   1
                            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 September
15, 1998, and with respect to the performance of the Trust during the month
August, 1998 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 September 15, 1998 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 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
     September 15, 1998 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
                                                                                                  ----------------
</TABLE>


                                                                    Page 9 of 42
<PAGE>   2
<TABLE>
<S>                                                                                               <C>
  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
                                                                                                  ----------------

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 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/ Douglas C.H.Adamson
                                                         -----------------------
                                     Name :              Douglas C.H. Adamson
                                     Title :             Securitization Manager




                                                                   Page 10 of 42


<PAGE>   1
                            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 September
15, 1998, and with respect to the performance of the Trust during the month
August, 1998 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
     September 15, 1998 per $1,000 Original Principal Amount                                          4.7452297209
                                                                                                  ----------------

  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                                                                                 4.7452297209
                                                                                                  ----------------

  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 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
     September 15, 1998 per $1,000 Original Principal Amount.                                         4.8333332967
                                                                                                  ----------------
</TABLE>


                                                                   Page 11 of 42
<PAGE>   2
<TABLE>
<S>                                                                                               <C>
  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
                                                                                                  ----------------

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 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/ Douglas C.H.Adamson
                                                  ------------------------------
                              Name :              Douglas C.H. Adamson
                              Title :             Securitization Manager


                                                                   Page 12 of 42

<PAGE>   1
                           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 September
15, 1998, and with respect to the performance of the Trust during the month
August, 1998 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
     September 15, 1998 per $1,000 Original Principal Amount
                                                                                                      4.7049519441
                                                                                                  ----------------
  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                                                                                 4.7049519441
                                                                                                  ----------------

  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 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
     September 15, 1998 per $1,000 Original Principal Amount.                                         6.1250001228
                                                                                                  ----------------

</TABLE>

                                                                   Page 13 of 42
<PAGE>   2
<TABLE>
<S>                                                                                               <C>
  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
                                                                                                  ----------------

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 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 14 of 42

<PAGE>   1

                           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 Seller and Servicer (the
"Bank"), and the Bank of New York, as trustee (the "Trustee") and pursuant to
the Amended and Restated Series 1994-A Supplement dated as of November 17, 1994
and amended and restated as of October 31, 1997 among the Bank, the Trustee and
Union Bank of Switzerland, New York Branch, as servicing agent, the Bank 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 September 15,
1998, and with respect to the performance of the Trust during the month August,
1998 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



<TABLE>
<S>                                                                                               <C>
1)   The total amount of the distribution to Series 1994-A Certificateholders
on the Payment Date is
                                                                                                      4.7011591761
                                                                                                  ----------------


2) The amount of the distribution set forth in paragraph 1 above in respect of
principal on the Series 1994-A Certificate is                                                         0.0000000000
                                                                                                  ----------------


3) The amount of the distribution set forth in paragrah 1 above in respect of
interest on the Series 1994-A Certificates                                                            4.7011591761
                                                                                                  ----------------


4) The total amount of the distribution to Collateral Indebtedness Holder
on the Payment Date is                                                                                4.9466186029
                                                                                                  ----------------



5) The amount of the distribution set forth in 4 above in respect to
principal on the Collateral Indebtedness Interest is                                                  0.0000000000
                                                                                                  ----------------



6) The amount of the distributioin set forth in 4 above in respect to
interest on the Collateral Indebtedness Interest is                                                   4.9466186029
                                                                                                  ----------------

</TABLE>


                                                                   Page 15 of 42

<PAGE>   1
                            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 September
15, 1998, and with respect to the performance of the Trust during the month
August, 1998 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
     September 15, 1998 per $1,000 Original Principal Amount
                                                                                                      4.6968963889
                                                                                                  ----------------

  2) The amount of the distriBZtion set forth in paragraph 1 above in
     respect of interest on the Class A Certificates, per $1,000 Original
     Principal Amount                                                                                 4.6968963889
                                                                                                  ----------------

  3) The amount of the distriBZtion 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 reimBZrsed 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 DistriBZtion 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
     September 15, 1998 per $1,000 Original Principal Amount.
                                                                                                      4.7855075309
                                                                                                  ----------------
</TABLE>



                                                                   Page 16 of 42
<PAGE>   2
<TABLE>
<S>                                                                                               <C>
  2) The amount of the distriBZtion set forth in paragraph 1 above in
     respect of interest on the Class B Certificates, per $1,000 Original
     Principal Amount.                                                                                4.7855075309
                                                                                                  ----------------

  3) The amount of the distriBZtion set forth in paragraph 1 above in
     respect of principal of the Class B Certificates, per $1,000 Original
     Principal Amount.                                                                                0.0000000000
                                                                                                  ----------------

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 reimBZrsed 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 DistriBZtion 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 17 of 42

<PAGE>   1
                            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 September
15, 1998, and with respect to the performance of the Trust during the month
August, 1998 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
     September 15, 1998 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)  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
     September 15, 1998                                                                               0.0000000000
                                                                                                  ----------------


  2) The amount of the distribution set forth in paragraph 1 above in
     respect of interest on the Class A Certificates                                                  0.0000000000
                                                                                                  ----------------


  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
     September 15, 1998                                                                               0.0000000000
                                                                                                  ----------------


  2) The amount of the distribution set forth in paragraph 1 above in
     respect of interest on the Class A Certificates                                                  0.0000000000
                                                                                                  ----------------


  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 18 of 42
<PAGE>   2
<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 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
     September 15, 1998 per $1,000 Original Principal Amount.                                         4.7210629744
                                                                                                  ----------------


  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.                                                                                4.7210629744
                                                                                                  ----------------

  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 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                                                                                   11,250,000
                                                                                                  ----------------

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                                                                                  11,250,000
                                                                                                  ----------------

</TABLE>


                                                                   Page 19 of 42

<PAGE>   1
                            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 September
15, 1998, and with respect to the performance of the Trust during the month
August, 1998 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
     September 15, 1998 per $1,000 Original Principal Amount                                          4.6646741667
                                                                                                  ----------------

  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                             4.6646741667
     Principal Amount                                                                             ----------------

  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 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
     September 15, 1998 per $1,000 Original Principal Amount.                                         4.7532852747
                                                                                                  ----------------

</TABLE>



                                                                   Page 20 of 42
<PAGE>   2
<TABLE>
<S>                                                                                               <C>
  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.                                                                                4.7532852747
                                                                                                  ----------------

  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
                                                                                                  ----------------

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 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 21 of 42

<PAGE>   1
                            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 September
15, 1998, and with respect to the performance of the Trust during the month
August, 1998 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
     September 15, 1998 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)  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
     September 15, 1998 per $10,000 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                                                  0.0000000000
                                                                                                  ----------------

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
     September 15, 1998 per $100,000 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                                                  0.0000000000
                                                                                                  ----------------

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 42
<PAGE>   2
<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 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
     September 15, 1998 per $1,000 Original Principal Amount.                                         4.7613408284
                                                                                                  ----------------

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.                                                                       4.7613408284
                                                                                                  ----------------

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 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 23 of 42

<PAGE>   1
                            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 September
15, 1998, and with respect to the performance of the Trust during the month
August, 1998 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
     September 15, 1998 per $1,000 Original Principal Amount                                          4.6243963833
                                                                                                  ----------------

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                                                                        4.6243963833
                                                                                                  ----------------

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
     September 15, 1998 per $10,000 Original Principal Amount                                        46.2439638333
                                                                                                  ----------------

2)   The amount of the distribution set forth in paragraph 1 above in
     respect of interest on the Class A Certificates                                                 46.2439638333
                                                                                                  ----------------

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
     September 15, 1998 per $100,000 Original Principal Amount                                      462.4396383333
                                                                                                  ----------------

2)   The amount of the distribution set forth in paragraph 1 above in
     respect of interest on the Class A Certificates                                                462.4396383333
                                                                                                  ----------------

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 24 of 42
<PAGE>   2
<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 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
     September 15, 1998 per $1,000 Original Principal Amount.                                         4.8096741818
                                                                                                  ----------------

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.                                                                                4.8096741818
                                                                                                  ----------------

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 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 25 of 42

<PAGE>   1
                            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 September
15, 1998, and with respect to the performance of the Trust during the month
August, 1998 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
     September 15, 1998 per $1,000 Original Principal Amount                                          4.6405075000
                                                                                                  ----------------

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                                                                        4.6405075000
                                                                                                  ----------------

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 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
     September 15, 1998 per $1,000 Original Principal Amount.                                         4.8338409091
                                                                                                  ----------------

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.                                                                       4.8338409091
                                                                                                  ----------------
</TABLE>



                                                                   Page 26 of 42
<PAGE>   2
<TABLE>
<S>                                                                                               <C>
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
                                                                                                  ----------------


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 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 27 of 42

<PAGE>   1
                            FORM OF MONTHLY STATEMENT
                            CAPITAL ONE MASTER TRUST
                                  SERIES 1997-1

     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 September
15, 1998, and with respect to the performance of the Trust during the month
August, 1998 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
     September 15, 1998 per $1,000 Original Principal Amount                                         14.4580555670
                                                                                                  ----------------


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                                                                                14.4580555670
                                                                                                  ----------------

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
     September 15, 1998 per $10,000 Original Principal Amount                                       144.5805556700
                                                                                                  ----------------

2)   The amount of the distribution set forth in paragraph 1 above in
     respect of interest on the Class A Certificates                                                144.5805556700
                                                                                                  ----------------


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
     September 15, 1998 per $100,000 Original Principal Amount                                    1,445.8055567000
                                                                                                  ----------------


2)   The amount of the distribution set forth in paragraph 1 above in
     respect of interest on the Class A Certificates                                              1,445.8055567000
                                                                                                  ----------------


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
                                                                                                  ----------------
</TABLE>



                                                                   Page 28 of 42
<PAGE>   2
<TABLE>
<S>                                                                                               <C>
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 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 1997-1 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
     September 15, 1998 per $1,000 Original Principal Amount.                                         4.7855074521
                                                                                                  ----------------


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.                                                                                4.7855074521
                                                                                                  ----------------

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 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 1997-1 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                                                                                   54,744,750
                                                                                                  ----------------

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                                                                     54,744,750
                                                                                                  ----------------
</TABLE>



                                                                  Page 29 of 42

<PAGE>   1
                           FORM OF MONTHLY STATEMENT
                            CAPITAL ONE MASTER TRUST
                                  SERIES 1997-2

     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 September
15, 1998, and with respect to the performance of the Trust during the month
August, 1998 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
     September 15, 1998 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)  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
     September 15, 1998 per $10,000 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                                                  0.0000000000
                                                                                                  ----------------


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
     September 15, 1998 per $100,000 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                                                  0.0000000000
                                                                                                  ----------------

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
                                                                                                  ----------------
</TABLE>



                                                                   Page 30 of 42
<PAGE>   2
<TABLE>
<S>                                                                                               <C>
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 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 1997-2 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                                                    0.0000000000
                                                                                                  ----------------

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
     September 15, 1998 per $1,000 Original Principal Amount.                                         4.7855075835
                                                                                                  ----------------


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.                      4.7855075835
                                                                                                  ----------------


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 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 1997-2 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                                                    0.0000000000
                                                                                                  ----------------

G)  Information Regarding Distributions to the Class C Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)

1)   The total amount of the distribution to Class C Certificateholders on
     September 15, 1998 per $1,000 Original Principal Amount.                                         4.9667574317
                                                                                                  ----------------
                                                                                                                  

2)   The amount of the distribution set forth in paragraph 1 above in
     respect of interest on the Class C Certificates, per $1,000 Original
     Principal Amount.                                                                                4.9667574317
                                                                                                  ----------------

3)   The amount of the distribution set forth in  paragraph 1 above in
     respect of principal of the Class C Certificates, per $1,000 Original
     Principal Amount.                                                                                0.0000000000
                                                                                                  ----------------
</TABLE>


                                                                   Page 31 of 42
<PAGE>   3
<TABLE>
<S>                                                                                                <C>
H)  Class C Investor Charge Off's and Reimbursement of Charge Off's

1)   The amount of Class C Investor Charge Off's                                                      0.0000000000
                                                                                                  ----------------

2)   The amount of Class C Investor Charge Off's set forth in paragraph 1
     above, per $1,000 Original Principal Amount                                                      0.0000000000
                                                                                                  ----------------

3)   The total amount reimbursed to the Trust in respect of Class C                                               
     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 1997-2 Investor Certificateholder's Investment)                                      0.0000000000
                                                                                                  ----------------

5)   The amount, if any, by which the outstanding principal balance of the Class
     C Certificates exceeds the Class C Invested Amount after giving effect
     to all transactions on such Distribution Date                                                    0.0000000000
                                                                                                  ----------------

I) 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                                                                        55,243,375
                                                                                                  ----------------

J) The Required Collateral Amount as of the close of business on the upcoming
Distribution Date, after giving effect to any withdrawal from the Collateral
Account and payments to the Class C Interest Holder on such Distribution Date, 
will be equal to                                                                                        55,243,375
                                                                                                  ----------------
</TABLE>



                                                                   Page 32 of 42

<PAGE>   1
                            FORM OF MONTHLY STATEMENT
                            CAPITAL ONE MASTER TRUST
                                  SERIES 1998-1

     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 September
15, 1998, and with respect to the performance of the Trust during the month
August, 1998 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
     September 15, 1998 per $1,000 Original Principal Amount                                          5.2583333400
                                                                                                  ----------------

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                                                                        5.2583333400
                                                                                                  ----------------

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                                                      0.0000000000
                                                                                                  ----------------

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 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 1998-1 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
                                                                                                  ----------------

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
     September 15, 1998 per $1,000 Original Principal Amount.                                         5.2966666187 
                                                                                                  ---------------- 
                                                                                                  
</TABLE>



                                                                   Page 33 of 42
<PAGE>   2
<TABLE>
<S>                                                                                               <C>
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.                                                                                5.2966666187
                                                                                                  ----------------

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
                                                                                                  ----------------

D)  Class B Investor Charge Off's and Reimbursement of Charge Off's                                   0.0000000000
                                                                                                  ----------------

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 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 1998-1 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
                                                                                                  ----------------

E)  Information Regarding Distributions to the Class C Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)

1)   The total amount of the distribution to Class C Certificateholders on
     September 15, 1998 per $1,000 Original Principal Amount.                                         5.3091185901
                                                                                                  ----------------
                                                                                                                  

2)   The amount of the distribution set forth in paragraph 1 above in
     respect of interest on the Class C Certificates, per $1,000 Original
     Principal Amount.                                                                                5.3091185901
                                                                                                  ----------------

3)   The amount of the distribution set forth in paragraph 1 above in
     respect of principal of the Class C Certificates, per $1,000 
     Original Principal Amount.                                                                       0.0000000000
                                                                                                  ----------------


F)  Class C Investor Charge Off's and Reimbursement of Charge Off's

1)   The amount of Class C Investor Charge Off's                                                      0.0000000000
                                                                                                  ----------------

2)   The amount of Class C Investor Charge Off's set forth in paragraph 1
     above, per $1,000 Original Principal Amount                                                      0.0000000000
                                                                                                  ----------------
                                                                                                                  

3)   The total amount reimbursed to the Trust in respect of Class C                                               
     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 1998-1 Investor Certificateholder's Investment)                                      0.0000000000
                                                                                                  ----------------

5)   The amount, if any, by which the outstanding principal balance of the Class
     C Certificates exceeds the Class C Invested Amount after giving effect
     to all transactions on such Distribution Date                                                    0.0000000000
                                                                                                  ----------------
</TABLE>


                                                                   Page 34 of 42
<PAGE>   3
<TABLE>
<S>                                                                                               <C>
G) The Available Cash 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                                                                      9,456,264.78
                                                                                                  ----------------

H) The Required Cash Collateral Amount as of the close of business on the
upcoming Distribution Date, after giving effect to any withdrawal from the Cash
Collateral Account and payments to the Class C Interest Holder on such
Distribution Date, will be equal to                                                                   9,456,264.78
                                                                                                  ----------------
</TABLE>





                                                                   Page 35 of 42

<PAGE>   1
                            FORM OF MONTHLY STATEMENT
                            CAPITAL ONE MASTER TRUST
                                  SERIES 1998-2

     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 September
15, 1998, and with respect to the performance of the Trust during the month
August, 1998 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
     September 15, 1998 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                                                      0.0000000000
                                                                                                  ----------------

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 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 1998-2 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                                                    0.0000000000
                                                                                                  ----------------

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
     September 15, 1998 per $1,000 Original Principal Amount.                                         7.4390689343
                                                                                                  ----------------
                                                                                                                  
</TABLE>



                                                                   Page 36 of 42
<PAGE>   2
<TABLE>
<S>                                                                                                 <C>
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.                                                                                7.4390689343
                                                                                                  ----------------

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
                                                                                                  ----------------


D)  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 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 1998-2 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                                                    0.0000000000
                                                                                                  ----------------

E)  Information Regarding Distributions to the Class C Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)

1)   The total amount of the distribution to Class C Certificateholders  on
     August 17, 1998 per $1,000 Original Principal Amount.                                            7.6946245759
                                                                                                  ----------------

2)   The amount of the distribution set forth in paragraph 1 above in
     respect of interest on the Class C Certificates, per $1,000 Original
     Principal Amount.                                                                                7.6946245759
                                                                                                  ----------------

3)   The amount of the distribution set forth in paragraph 1 above in
     respect of principal of the Class C Certificates, per $1,000 Original
     Principal Amount.                                                                                0.0000000000
                                                                                                  ----------------

F)  Class C Investor Charge Off's and Reimbursement of Charge Off's

1)   The amount of Class C Investor Charge Off's                                                      0.0000000000
                                                                                                  ----------------

2)   The amount of Class C Investor Charge Off's set forth in paragraph 1
     above, per $1,000 Original Principal Amount                                                      0.0000000000
                                                                                                  ----------------


3)   The total amount reimbursed to the Trust in respect of Class C
     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 1998-2 Investor Certificateholder's Investment)                                      0.0000000000
                                                                                                  ----------------

5)   The amount, if any, by which the outstanding principal balance of the Class
     C Certificates exceeds the Class C Invested Amount after giving effect
     to all transactions on such Distribution Date                                                    0.0000000000
                                                                                                  ----------------
</TABLE>



                                                                   Page 37 of 42
<PAGE>   3
<TABLE>
<S>                                                                                                <C>
G) The Available Cash 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                                                                      8,778,679.00
                                                                                                  ----------------

H) The Required Cash Collateral Amount as of the close of business on the
upcoming Distribution Date, after giving effect to any withdrawal from the Cash
Collateral Account and payments to the Class C Interest Holder on such
Distribution Date, will be equal to                                                                   8,778,679.00
                                                                                                  ----------------
</TABLE>


                                                                   Page 38 of 42

<PAGE>   1
                            FORM OF MONTHLY STATEMENT
                            CAPITAL ONE MASTER TRUST
                                  SERIES 1998-3

     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 September
15, 1998, and with respect to the performance of the Trust during the month
August, 1998 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
     September 15, 1998 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                                                      0.0000000000
                                                                                                  ----------------

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 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 1998-3 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                                                    0.0000000000
                                                                                                  ----------------

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
     September 15, 1998 per $1,000 Original Principal Amount.                                         7.5412911712
                                                                                                  ----------------
</TABLE>



                                                                   Page 39 of 42
<PAGE>   2
<TABLE>
<S>                                                                                                 <C>
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.                                                                                7.5412911712
                                                                                                  ----------------

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
                                                                                                  ----------------


D)  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 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 1998-3 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                                                    0.0000000000
                                                                                                  ----------------

E)  Information Regarding Distributions to the Class C Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)

1)   The total amount of the distribution to Class C Certificateholders  on
     August 17, 1998 per $1,000 Original Principal Amount.                                            7.8224023158
                                                                                                  ----------------

2)   The amount of the distribution set forth in paragraph 1 above in
     respect of interest on the Class C Certificates, per $1,000 Original
     Principal Amount.                                                                                7.8224023158
                                                                                                  ----------------

3)   The amount of the distribution set forth in paragraph 1 above in
     respect of principal of the Class C Certificates, per $1,000 Original
     Principal Amount.                                                                                0.0000000000
                                                                                                  ----------------

F)  Class C Investor Charge Off's and Reimbursement of Charge Off's

1)   The amount of Class C Investor Charge Off's                                                      0.0000000000
                                                                                                  ----------------

2)   The amount of Class C Investor Charge Off's set forth in paragraph 1
     above, per $1,000 Original Principal Amount                                                      0.0000000000
                                                                                                  ----------------

3)   The total amount reimbursed to the Trust in respect of Class C                                               
     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 1998-3 Investor Certificateholder's Investment)                                      0.0000000000
                                                                                                  ----------------

5)   The amount, if any, by which the outstanding principal balance of the Class
     C Certificates exceeds the Class C Invested Amount after giving effect
     to all transactions on such Distribution Date                                                    0.0000000000
                                                                                                  ----------------
</TABLE>



                                                                   Page 40 of 42
<PAGE>   3
<TABLE>
<S>                                                                                                <C>
G) The Available Cash 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                                                                      6,226,849.65
                                                                                                  ----------------

H) The Required Cash Collateral Amount as of the close of business on the
upcoming Distribution Date, after giving effect to any withdrawal from the Cash
Collateral Account and payments to the Class C Interest Holder on such
Distribution Date, will be equal to                                                                   6,226,849.65
                                                                                                  ----------------
</TABLE>


                                                                   Page 41 of 42

<PAGE>   1
                            CAPITAL ONE MASTER TRUST

                   TRUST EXCESS SPREAD ANALYSIS        AUGUST-98

<TABLE>
<CAPTION>
Card Trust                      COMT 93-1  COMT 93-4  COMT 94-3  COMT 95-1   COMT 95-2*    COMT 95-3
Deal Size                        $500MM      $700MM     $453MM     $900MM      $60MM       $1050MM
Expected Maturity:              10/15/98    1/15/99    6/15/99    6/15/00     8/15/98      8/15/00
                                                                              (NON-US
                                                                            TRANSACTION)
- ----------------------------------------------------------------------------------------------------
<S>                              <C>         <C>        <C>        <C>         <C>         <C>
Excess Spread:
      Portfolio Yield            20.81%      20.81%     20.81%     20.81%      20.81%      20.81%
       LESS:  (Wt Avg) Coupon     4.85%      5.97%      6.13%      5.94%       5.91%        5.90%
              SVC Fees            2.00%      2.00%      2.00%      2.00%       2.00%        2.00%
              Charge-Offs         5.90%      5.90%      5.90%      5.90%       5.90%        5.90%

Excess Spread:  Aug-98            8.06%      6.94%      6.78%      6.97%       7.00%        7.01%
                Jul-98            7.24%      6.82%      6.65%      6.76%       7.49%        6.79%
                Jun-98            6.90%      6.23%      6.07%      6.23%       6.43%        6.27%
3-Mo Avg Excess Spread            7.40%      6.66%      6.50%      6.65%       6.97%        6.69%
- ----------------------------------------------------------------------------------------------------

Delinquents:  30 to 59 days       1.78%      1.78%      1.78%      1.78%       1.78%        1.78%
              60 to 89 days       1.18%      1.18%      1.18%      1.18%       1.18%        1.18%
              90+ days            2.39%      2.39%      2.39%      2.39%       2.39%        2.39%

Monthly Payment Rate             11.33%      11.33%     11.33%     11.33%      11.33%      11.33%


<CAPTION>
Card Trust                     COMT 96-1*   COMT 96-2  COMT 96-3 COMT 97-1*  COMT 97-2*   COMT 98-1  COMT 98-2*   COMT 98-3*
Deal Size                        $845MM      $750MM     $500MM     $608MM      $502MM      $591MM      $502MM       $464MM
Expected Maturity:               8/15/01    12/15/01   1/15/04    6/15/02     8/15/02      4/15/08    10/15/99     10/15/01
                                 (NON-US                          (NON-US     (NON-US                 (NON-US      (NON-US
                               TRANSACTION)                    TRANSACTION) TRANSACTION)           TRANSACTION) TRANSACTION)
- -----------------------------------------------------------------------------------------------------------------------------
<S>                              <C>         <C>        <C>        <C>         <C>         <C>        <C>          <C>
Excess Spread:
      Portfolio Yield            20.81%      20.81%     20.81%     20.81%      20.81%      20.81%      20.81%       20.81%
       LESS:  (Wt Avg) Coupon     5.92%      5.87%      5.90%      5.81%       5.87%        6.32%      6.38%         6.64%
              SVC Fees            1.50%      1.50%      1.50%      1.50%       1.50%        1.50%      1.50%         1.50%
              Charge-Offs         5.90%      5.90%      5.90%      5.90%       5.90%        5.90%      5.90%         5.90%

Excess Spread:  Aug-98            7.49%      7.54%      7.51%      7.60%       7.54%        7.09%      7.03%         6.77%
                Jul-98            7.29%      7.32%      7.29%      7.40%       7.34%        6.58%       N/A           N/A
                Jun-98            6.77%      6.80%      6.77%      6.88%       6.82%        6.29%       N/A           N/A
3-Mo Avg Excess Spread            7.18%      7.22%      7.19%      7.29%       7.23%        6.65%      7.03%         6.77%
- ---------------------------------------------------------------------------------------------------------------------------

Delinquents:  30 to 59 days       1.78%      1.78%      1.78%      1.78%       1.78%        1.78%      1.78%         1.78%
              60 to 89 days       1.18%      1.18%      1.18%      1.18%       1.18%        1.18%      1.18%         1.18%
              90+ days            2.39%      2.39%      2.39%      2.39%       2.39%        2.39%      2.39%         2.39%

Monthly Payment Rate             11.33%      11.33%     11.33%     11.33%      11.33%      11.33%      11.33%       11.33%
</TABLE>


* This material is for informational purposes only and is not an offer of
securities for sale in the United States. These securities will not be and have
not been registered under the Securities Act of 1933 and may not be offered or
sold in the United States absent registration or an applicable exemption from
the registration requirements.

COMMENTS:

Capital One Master Trust performance statistics are also available at the
Capital One web site: http://www.capitalone.com (Under "For Investors" section)


                                                                   Page 42 of 42



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