<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: February 16, 1999
-----------------
CAPITAL ONE MASTER TRUST
CAPITAL ONE BANK
(Exact name of registrant as specified in its charter)
Virginia 0-25762 54-1719855
- ------------------------------- ----------- -------------
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
11013 West Broad Street Road, Glen Allen, Virginia 23060
- -------------------------------------------------- -----
(Address of principal executive offices) (Zip Code)
(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 January 1999 monthly Certificateholder's Statements to
investors were distributed February 16, 1999.
ITEM 7 (c). EXHIBITS
The following are filed as exhibits to this Report under
Exhibit 20:
1. January Performance Summary
2. Series 1993-4 Class A and Class B Certificateholder's
Statements for the month of January 1999.
3. Series 1994-3 Class A and Class B Certificateholder's
Statements for the month of January 1999.
4. Series 1994-A Certificateholder's Statement for the
month of January 1999.
5. Series 1995-1 Class A and Class B Certificateholder's
Statements for the month of January 1999.
6. Series 1995-3 Class A and Class B Certificateholder's
Statements for the month of January 1999.
7. Series 1996-1 Class A and Class B Certificateholder's
Statements for the month of January 1999.
8. Series 1996-2 Class A and Class B Certificateholder's
Statements for the month of January 1999.
9. Series 1996-3 Class A and Class B Certificateholder's
Statements for the month of January 1999.
10. Series 1997-1 Class A and Class B Certificateholder's
Statements for the month of January 1999.
11. Series 1997-2 Class A and Class B Certificateholder's
Statements for the month of January 1999.
12. Series 1998-1 Class A and Class B Certificateholder's
Statements for the month of January 1999.
13. Series 1998-2 Class A and Class B Certificateholder's
Statements for the month of January 1999.
14. Series 1998-3 Class A and Class B Certificateholder's
Statement for the month of January 1999.
15. Series 1998-4 Class A and Class B Certificateholder's
Statement for the month of January 1999.
Page 2 of 42
<PAGE> 3
16. Series 1998-5 Certificateholder's Statement for the
month of January 1999.
17. Series 1998-6 Certificateholder's Statement for the
month of January 1999.
18. 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: February 16, 1999
Page 3 of 42
<PAGE> 4
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
------------
EXHIBITS
TO
FORM 8-K
CAPITAL ONE MASTER TRUST
CAPITAL ONE BANK
(Exact name of registrant as specified in its charter)
Page 4 of 42
<PAGE> 5
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
SEQUENTIALLY
EXHIBIT NUMBERED
NUMBER EXHIBITS PAGE
- ------ -------- -----------
<S> <C> <C>
1 January Performance Summary 07
2 Series 1993-4 Class A and Class B Certificate-
holder's Statements for the month of January 1999 09
3 Series 1994-3 Class A and Class B Certificate-
holder's Statements for the month of January 1999 11
4 Series 1994-A Certificateholder's Statement for
the month of January 1999 13
5 Series 1995-1 Class A and Class B Certificate-
holder's Statements for the month of January 1999 14
6 Series 1995-3 Class A and Class B Certificate-
holder's Statements for the month of January 1999 16
7 Series 1996-1 Class A and Class B Certificate-
holder's Statements for the month of January 1999 18
8 Series 1996-2 Class A and Class B Certificate-
holder's Statements for the month of January 1999 20
</TABLE>
Page 5 of 42
<PAGE> 6
<TABLE>
<S> <C> <C>
9 Series 1996-3 Class A and Class B Certificate-
holder's Statements for the month of January 1999 22
10 Series 1997-1 Class A and Class B Certificate-
holder's Statements for the month of January 1999 24
11 Series 1997-2 Class A and Class B Certificate-
holder's Statements for the month of January 1999 26
12 Series 1998-1 Class A and Class B Certificate-
holder's Statements for the month of January 1999 29
13 Series 1998-2 Class A and Class B Certificate-
holder's Statements for the month of January 1999 32
14 Series 1998-3 Class A and Class B Certificate-
holder's Statements for the month of January 1999 35
15 Series 1998-4 Class A and Class B Certificate-
holder's Statements for the month of January 1999 38
16 Series 1998-5 Certificateholder's Statements for
the month of January 1999 41
17. Series 1998-6 Certificateholder's Statement for the
month of January 1999. 42
18. Trust Excess Spread Analysis
</TABLE>
Page 6 of 42
<PAGE> 1
CAPITAL ONE MASTER TRUST (RECEIVABLES)
MONTHLY PERIOD : January 1999
<TABLE>
<CAPTION>
<S> <C> <C>
Beginning of the Month Principal Receivables : 11,006,835,466.77
------------------
Beginning of the Month Finance Charge Receivables : 333,284,425.04
------------------
Beginning of the Month Discounted Receivables : 0.00
------------------
Beginning of the Month Total Receivables : 11,340,119,891.81
------------------
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 : 10,640,664,033.58
------------------
End of the Month Finance Charge Receivables : 341,175,416.39
------------------
End of the Month Discounted Receivables : 0.00
------------------
End of the Month Total Receivables : 10,981,839,449.97
------------------
Excess Funding Account Balance 0.00
------------------
Adjusted Invested Amount of all Master Trust Series 9,747,152,022.46
------------------
End of the Month Seller Percentage 8.40%
------------------
CAPITAL ONE MASTER TRUST (DELINQUENCIES AND LOSSES)
MONTHLY PERIOD : January 1999 ACCOUNTS RECEIVABLES
-------- -----------
End of the Month Delinquencies :
30 - 59 Days Delinquent 147,054 193,503,681.53
-------------------- ------------------
60 - 89 Days Delinquent 82,795 121,287,984.93
-------------------- ------------------
90 + Days Delinquent 151,558 235,578,127.41
-------------------- ------------------
Total 30 + Days Delinquent 381,407 550,369,793.87
-------------------- ------------------
Delinquencies 30 + Days as a Percent of End of the Month Total Receivables 5.01%
------------------
Defaulted Accounts During the Month 49,733 54,689,277.13
-------------------- ------------------
Annualized Default Rate as a Percent of Beginning of the Month Principal Receivables 5.96%
------------------
</TABLE>
Page 7 of 42
<PAGE> 2
<TABLE>
<CAPTION>
CAPITAL ONE MASTER TRUST (COLLECTIONS)
MONTHLY PERIOD : January 1999 COLLECTIONS PERCENTAGES
----------- -----------
<S> <C> <C>
Total Collections and Gross Payment Rate 1,282,392,323.21 11.31%
-------------------- ------------------
Collections of Principal Receivables and Principal Payment Rate 1,087,486,162.86 9.88%
-------------------- ------------------
Prior Month Billed Finance Charge and Fees 165,242,731.40
--------------------
Amortized AMF Income 11,119,389.71
--------------------
Interchange Collected 8,743,335.69
--------------------
Recoveries of Charged Off Accounts 12,793,973.42
--------------------
Collections of Discounted Receivables 0.00
--------------------
Collections of Finance Charge Receivables and Annualized Yield 197,899,430.22 21.58%
-------------------- ------------------
CAPITAL ONE TRUST (AMF COLLECTIONS)
MONTHLY PERIOD : January 1999
Beginning Unamortized AMF Balance 59,045,561.97
------------------
+ AMF Slug 0.00
--------------------
+ AMF Collections 8,126,119.84
--------------------
- - Amortized AMF Income 11,119,389.71
--------------------
Ending Unamortized AMF Balance 56,052,292.10
------------------
CAPITAL ONE MASTER TRUST (DISCOUNTED RECEIVABLES)
MONTHLY PERIOD : January 1999
Gross Principal Payment Rate 9.88%
--------------------
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 1993-4
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 February
16, 1999, and with respect to the performance of the Trust during the month
January, 1999 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 February 16, 1999
per $1,000 Original Principal Amount 0.0000000000
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
-----------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.00
-----------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount 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 February 16, 1999
per $1,000 Original Principal Amount. 4.8333332967
-----------------
</TABLE>
Page 9 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 10 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 February
16, 1999, and with respect to the performance of the Trust during the month
January, 1999 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 February 16, 1999
per $1,000 Original Principal Amount 4.6222222098
-----------------
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 4.6222222098
-----------------
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 February 16, 1999
per $1,000 Original Principal Amount. 6.1250001228
-----------------
</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. 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 12 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 February 16,
1999, and with respect to the performance of the Trust during the month January,
1999 is set forth below. Certain of the information is presented on the basis of
an original principal amount of $1,000 per investor Certificate (a
"Certificate"). Certain other information is presented based on the aggregate
amounts for the Trust as a whole. Capitalized terms used in this Certificate
have their respective meanings set forth in the Pooling and Servicing Agreement.
<TABLE>
<S> <C>
1) The total amount of the distribution to Series 1994-A Certificateholders on the
Payment Date is 315.3609219432
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of principal
on the Series 1994-A Certificate is 310.5590062112
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Series 1994-A Certificates 4.8019157320
-----------------
4) The total amount of the distribution to Collateral Indebtedness Holder on the
Payment Date is 460.3899400334
-----------------
5) The amount of the distribution set forth in 4 above in respect to principal
on the Collateral Indebtedness Interest is 455.5010511490
-----------------
6) The amount of the distribution set forth in 4 above in respect to interest
on the Collateral Indebtedness Interest is 4.8888888844
-----------------
</TABLE>
Page 13 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 February
16, 1999, and with respect to the performance of the Trust during the month
January, 1999 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 February 16, 1999
per $1,000 Original Principal Amount 4.6133333333
-----------------
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 4.6133333333
-----------------
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 1995-1 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 February 16, 1999
per $1,000 Original Principal Amount. 4.7111111111
-----------------
</TABLE>
Page 14 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. 4.7111111111
-----------------
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 1995-1 Investor Certificateholder's
Investment) 0.0000000000
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date 0.00
-----------------
E) The Available Collateral Amount as of the close of business on the preceding Distribution Date (after
giving effect to any withdrawal from the Collateral Account) was equal to 99,000,000
-----------------
F) The Required Collateral Amount as of the close of business on such Distribution Date, after giving effect
to any withdrawal from the Collateral Account and payments to the Collateral Indebtedness Holder on such
Distribution Date, will be equal to 99,000,000
-----------------
</TABLE>
Page 15 of 42
<PAGE> 1
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1995-3
Pursuant to the Master Pooling and Servicing Agreement Dateted 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 February
16, 1999, and with respect to the performance of the Trust during the month
January, 1999 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 February 16, 1999
per $1,000 Original Principal Amount 4.5777777738
-----------------
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 4.5777777738
-----------------
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 February 16, 1999
per $1,000 Original Principal Amount. 4.6755555311
-----------------
</TABLE>
Page 16 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. 4.6755555311
-----------------
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 17 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
February 16, 1999, and with respect to the performance of the Trust during the
month January, 1999 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 February 16, 1999
per $1,000 Original Principal Amount 14.1126466716
-----------------------
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 14.1126466716
-----------------------
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 February 16, 1999
per $10,000 Original Principal Amount 141.1264667160
-----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 141.1264667160
-----------------------
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 February 16, 1999
per $100,000 Original Principal Amount 1,411.2646671598
-----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 1,411.2646671598
-----------------------
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 0.0000000000
-----------------------
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 February 16, 1999
per $1,000 Original Principal Amount. 4.6844444242
-----------------------
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. 4.6844444242
-----------------------
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 19 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 February
16, 1999, and with respect to the performance of the Trust during the month
January, 1999 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 February 16, 1999
per $1,000 Original Principal Amount 4.5333333333
-----------------
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 4.5333333333
-----------------
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 February 16, 1999
per $10,000 Original Principal Amount 45.3333333333
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 45.3333333333
-----------------
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 February 16, 1999
per $100,000 Original Principal Amount 453.3333333333
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 453.3333333333
-----------------
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 20 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 February 16, 1999
per $1,000 Original Principal Amount. 4.7377778182
-----------------
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. 4.7377778182
-----------------
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 21 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 February
16, 1999, and with respect to the performance of the Trust during the month
January, 1999 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 February 16, 1999
per $1,000 Original Principal Amount 4.5511111000
-----------------
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 4.5511111000
-----------------
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 February 16, 1999
per $1,000 Original Principal Amount. 4.7644443636
-----------------
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. 4.7644443636
-----------------
</TABLE>
Page 22 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 23 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 February
16, 1999, and with respect to the performance of the Trust during the month
January, 1999 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 February 16, 1999
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 February 16, 1999
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 February 16, 1999
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 24 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 February 16, 1999
per $1,000 Original Principal Amount. 4.7111110779
-----------------
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. 4.7111110779
-----------------
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 25 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 February
16, 1999, and with respect to the performance of the Trust during the month
January, 1999 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 February 16, 1999
per $1,000 Original Principal Amount 13.9312022301
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 13.9312022301
-----------------
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 February 16, 1999
per $10,000 Original Principal Amount 139.3120223010
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 139.3120223010
-----------------
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 February 16, 1999
per $100,000 Original Principal Amount 1,393.1202230100
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 1,393.1202230100
-----------------
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 26 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 February 16, 1999
per $1,000 Original Principal Amount. 4.7111111513
-----------------
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. 4.7111111513
-----------------
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 February 16, 1999
per $1,000 Original Principal Amount. 4.9111112217
-----------------
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. 4.9111112217
-----------------
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 27 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 28 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 February
16, 1999, and with respect to the performance of the Trust during the month
January, 1999 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 February 16, 1999
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 February 16, 1999
per $1,000 Original Principal Amount. 5.2966666187
-----------------
</TABLE>
Page 29 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
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 February 16, 1999
per $1,000 Original Principal Amount. 5.2888888911
-----------------
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. 5.2888888911
-----------------
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 30 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 31 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 February
16, 1999, and with respect to the performance of the Trust during the month
January, 1999 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 February 16, 1999
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 February 16, 1999
per $1,000 Original Principal Amount. 4.5777778180
-----------------
</TABLE>
Page 32 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. 4.5777778180
-----------------
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 February 16, 1999
per $1,000 Original Principal Amount. 4.7555556802
-----------------
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. 4.7555556802
-----------------
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 33 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 34 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 February
16, 1999, and with respect to the performance of the Trust during the month
January, 1999 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 February 16, 1999
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 February 16, 1999
per $1,000 Original Principal Amount. 4.6488888602
-----------------
</TABLE>
Page 35 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. 4.6488888602
-----------------
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 February 16, 1999
per $1,000 Original Principal Amount. 4.8444445199
-----------------
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. 4.8444445199
-----------------
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 36 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 6,227,718.00
-----------------
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 6,226,849.65
-----------------
</TABLE>
Page 37 of 42
<PAGE> 1
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1998-4
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 February
16, 1999, and with respect to the performance of the Trust during the month
January, 1999 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 February 16, 1999
per $1,000 Original Principal Amount 4.5250000079
-----------------
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 4.5250000079
-----------------
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 1998-4 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 0.0000000000
-----------------
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 February 16, 1999
per $1,000 Original Principal Amount. 5.0222221667
-----------------
</TABLE>
Page 38 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. 5.0222221667
-----------------
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 1998-4 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 0.0000000000
-----------------
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 February 16, 1999
per $1,000 Original Principal Amount. 5.4876311398
-----------------
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. 5.4876311398
-----------------
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 1998-4 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 39 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 9,375,000.00
-----------------
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 9,375,000.00
-----------------
</TABLE>
Page 40 of 42
<PAGE> 1
MONTHLY CERTIFICATEHOLDERS STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1998-5
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 1998-5 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 February 16,
1999, and with respect to the performance of the Trust during the month January,
1999 is set forth below. Certain of the information is presented on the basis of
an original principal amount of $1,000 per investor Certificate (a
"Certificate"). Certain other information is presented based on the aggregate
amounts for the Trust as a whole. Capitalized terms used in this Certificate
have their respective meanings set forth in the Pooling and Servicing Agreement.
<TABLE>
<S> <C>
1) The total amount of the distribution to Series 1998-5 Certificateholders on the
Payment Date is 4.7306488889
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of principal
on the Series 1998-5 Certificate is 0.0000000000
-----------------
3) The amount of the distribution set forth in paragrah 1 above in respect of interest
on the Series 1998-5 Certificates 4.7306488889
-----------------
4) The total amount of the distribution to Collateral Indebtedness Holder on the
Payment Date is 5.2360355556
-----------------
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 distribution set forth in 4 above in respect to interest
on the Collateral Indebtedness Interest is 5.2360355556
-----------------
</TABLE>
Page 41 of 42
<PAGE> 1
MONTHLY CERTIFICATEHOLDERS STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1998-6
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 1998-6 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 February
16, 1999, and with respect to the performance of the Trust during the month
January, 1999 is set forth below. Certain of the information is presented on
the basis of an original principal amount of $1,000 per investor Certificate (a
"Certificate"). Certain other information is presented based on the aggregate
amounts for the Trust as a whole. Capitalized terms used in this Certificate
have their respective meanings set forth in the Pooling and Servicing
Agreement.
<TABLE>
<S> <C>
1) The total amount of the distribution to Series 1998-6 Certificateholders on the
Payment Date is 0.0000000000
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of principal
on the Series 1998-6 Certificate is 0.0000000000
-----------------
3) The amount of the distribution set forth in paragrah 1 above in respect of interest
on the Series 1998-6 Certificates 0.0000000000
-----------------
4) The total amount of the distribution to Collateral Indebtedness Holder on the
Payment Date is 0.0000000000
-----------------
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 distribution set forth in 4 above in respect to interest
on the Collateral Indebtedness Interest is 0.0000000000
-----------------
</TABLE>
Page 42 of 42
<PAGE> 1
CAPITAL ONE MASTER TRUST
TRUST EXCESS SPREAD ANALYSIS- JANUARY-99
<TABLE>
<CAPTION>
Card Trust COMT 93-4 COMT 94-3 COMT 95-1 COMT 95-3 COMT 96-1* COMT 96-2
Deal Size $700MM $453MM $900MM $1050MM $845MM $750MM
Expected Maturity(Class A): 1/15/99 6/15/99 6/15/00 8/15/00 8/15/01 12/15/01
In Accumulation (NON-US
Period TRANSACTION)
- ------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Excess Spread:
Portfolio Yield 9.60% 20.19% 20.19% 20.19% 20.19% 20.19%
LESS:(Wt Avg) Coupon 0.68% 5.29% 5.10% 5.07% 5.37% 5.04%
SVC Fees 0.52% 2.00% 2.00% 2.00% 1.50% 1.50%
Charge-Offs 1.19% 4.57% 4.57% 4.57% 4.57% 4.57%
Excess Spread: Jan-99 7.21% 8.33% 8.52% 8.55% 8.75% 9.08%
Dec-98 3.79% 8.80% 8.95% 8.99% 9.62% 9.52%
Nov-98 4.73% 7.88% 8.11% 8.14% 8.56% 8.67%
3-Mo Avg Excess Spread 5.24% 8.34% 8.53% 8.56% 8.98% 9.09%
- ------------------------------------------------------------------------------------------------------------
Delinquents:30 to 59 days 1.76% 1.76% 1.76% 1.76% 1.76% 1.76%
60 to 89 days 1.10% 1.10% 1.10% 1.10% 1.10% 1.10%
90+ days 2.15% 2.15% 2.15% 2.15% 2.15% 2.15%
Monthly Payment Rate 11.31% 11.31% 11.31% 11.31% 11.31% 11.31%
</TABLE>
<TABLE>
<CAPTION>
Card Trust COMT 96-3 COMT 97-1* COMT 97-2* COMT 98-1 COMT 98-2* COMT 98-3* COMT 98-4
Deal Size $500MM $608MM $502MM $591MM $502MM $464MM $750MM
Expected Maturity(Class A): 1/15/04 6/15/02 8/15/02 4/15/08 08/10/99 08/16/01 11/15/03
(NON-US (NON-US (NON-US (NON-US
TRANSACTION) TRANSACTION) TRANSACTION) TRANSACTION)
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Excess Spread:
Portfolio Yield 20.19% 20.19% 20.19% 20.19% 20.19% 20.19% 20.19%
LESS:(Wt Avg) Coupon 5.07% 5.11% 5.32% 6.32% 4.84% 6.17% 5.57%
SVC Fees 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50%
Charge-Offs 4.57% 4.57% 4.57% 4.57% 4.57% 4.57% 4.57%
Excess Spread: Jan-99 9.05% 9.01% 8.80% 7.80% 9.28% 7.95% 8.55%
Dec-98 9.49% 9.87% 9.67% 8.81% 9.72% 9.09% 9.52%
Nov-98 8.64% 8.60% 8.61% 7.89% 8.87% 8.55% 8.99%
3-Mo Avg Excess Spread 9.06% 9.16% 9.03% 8.17% 9.29% 8.53% 9.02%
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Delinquents:30 to 59 days 1.76% 1.76% 1.76% 1.76% 1.76% 1.76% 1.76%
60 to 89 days 1.10% 1.10% 1.10% 1.10% 1.10% 1.10% 1.10%
90+ days 2.15% 2.15% 2.15% 2.15% 2.15% 2.15% 2.15%
Monthly Payment Rate 11.31% 11.31% 11.31% 11.31% 11.31% 11.31% 11.31%
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* 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)
