<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: June 15, 1999
-------------
CAPITAL ONE MASTER TRUST
CAPITAL ONE BANK
(Exact name of registrant as specified in its charter)
<TABLE>
<S> <C> <C>
Virginia 0-25762 54-1719855
- ------------------------------------------ ------------- ------------------
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
11013 West Broad Street Road, Glen Allen, Virginia 23060
- -------------------------------------------------- -----
(Address of principal executive offices) (Zip Code)
</TABLE>
(Registrant's telephone number, including area code):
(804) 967-1000
(Former name or former address, if changed since last report):
Not Applicable
Page 1 of 43
<PAGE> 2
<TABLE>
<CAPTION>
ITEM 5. OTHER EVENTS
------------
<S> <C>
The May 1999 monthly Certificateholder's Statements to investors
were distributed June 15, 1999.
ITEM 7 (c). EXHIBITS
--------
The following are filed as exhibits to this Report under Exhibit 20:
1. May Performance Summary
2. Series 1994-3 Class A and Class B Certificateholder's
Statements for the month of May 1999.
3. Series 1994-A Certificateholder's Statement for the month
of May 1999.
4. Series 1995-1 Class A and Class B Certificateholder's
Statements for the month of May 1999.
5. Series 1995-3 Class A and Class B Certificateholder's
Statements for the month of May 1999.
6. Series 1996-1 Class A and Class B Certificateholder's
Statements for the month of May 1999.
7. Series 1996-2 Class A and Class B Certificateholder's
Statements for the month of May 1999.
8. Series 1996-3 Class A and Class B Certificateholder's
Statements for the month of May 1999.
9. Series 1997-1 Class A and Class B Certificateholder's
Statements for the month of May 1999.
10. Series 1997-2 Class A and Class B Certificateholder's
Statements for the month of May 1999.
11. Series 1998-1 Class A and Class B Certificateholder's
Statements for the month of May 1999.
12. Series 1998-2 Class A and Class B Certificateholder's
Statements for the month of May 1999.
13. Series 1998-3 Class A and Class B Certificateholder's
Statements for the month of May 1999.
14. Series 1998-4 Class A and Class B Certificateholder's
Statements for the month of May 1999.
15. Series 1998-5 Certificateholder's Statement for the month
of May 1999.
</TABLE>
Page 2 of 43
<PAGE> 3
<TABLE>
<S> <C>
16. Series 1998-6 Certificateholder's Statement for the month
of May 1999.
17. Series 1999-1 Class A and Class B Certificateholder's
Statements for the month of May 1999
18. Trust Excess Spread Analysis
</TABLE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned there-unto duly authorized.
CAPITAL ONE MASTER TRUST
By: CAPITAL ONE BANK
Servicer
By: /s/ David M. Willey
-----------------------------
David M. Willey
Senior Vice President and Treasurer
Date: June 15, 1999
Page 3 of 43
<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 43
<PAGE> 5
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
SEQUENTIALLY
EXHIBIT NUMBERED
NUMBER EXHIBITS PAGE
------ -------- ---------------
<S> <C> <C>
1 May Performance Summary 07
2 Series 1994-3 Class A and Class B Certificate-
holder's Statements for the month of May 1999 09
3 Series 1994-A Certificateholder's Statement for
the month of May 1999 11
4 Series 1995-1 Class A and Class B Certificate-
holder's Statements for the month of May 1999 12
5 Series 1995-3 Class A and Class B Certificate-
holder's Statements for the month of May 1999 14
6 Series 1996-1 Class A and Class B Certificate-
holder's Statements for the month of May 1999 16
7 Series 1996-2 Class A and Class B Certificate-
holder's Statements for the month of May 1999 18
8 Series 1996-3 Class A and Class B Certificate-
holder's Statements for the month of May 1999 20
9 Series 1997-1 Class A and Class B Certificate-
holder's Statements for the month of May 1999 22
10 Series 1997-2 Class A and Class B Certificate-
holder's Statements for the month of May 1999 24
11 Series 1998-1 Class A and Class B Certificate-
holder's Statements for the month of May 1999 27
12 Series 1998-2 Class A and Class B Certificate-
holder's Statements for the month of May 1999 30
13 Series 1998-3 Class A and Class B Certificate-
holder's Statements for the month of May 1999 33
</TABLE>
Page 5 of 43
<PAGE> 6
<TABLE>
<S> <C> <C>
14 Series 1998-4 Class A and Class B Certificate-
holder's Statements for the month of May 1999 36
15 Series 1998-5 Certificateholder's Statement for
the month of May 1999 39
16 Series 1998-6 Certificateholder's Statement for
the month of May 1999 40
17 Series 1999-1 Class A and Class B Certificate-
holder's Statements for the month of May 1999 41
17 Trust Excess Spread Analysis 43
</TABLE>
Page 6 of 43
<PAGE> 1
CAPITAL ONE MASTER TRUST (RECEIVABLES)
MONTHLY PERIOD : May 1999
<TABLE>
<CAPTION>
<S> <C> <C>
Beginning of the Month Principal Receivables : 10,506,381,157.49
--------------------
Beginning of the Month Finance Charge Receivables : 349,554,234.60
--------------------
Beginning of the Month Discounted Receivables : 0.00
--------------------
Beginning of the Month Total Receivables : 10,855,935,392.09
--------------------
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 : 10,139,418,602.88
--------------------
End of the Month Finance Charge Receivables : 339,422,377.23
--------------------
End of the Month Discounted Receivables : 0.00
--------------------
End of the Month Total Receivables : 10,478,840,980.11
--------------------
Excess Funding Account Balance 0.00
--------------------
Adjusted Invested Amount of all Master Trust Series 9,230,976,583.86
--------------------
End of the Month Seller Percentage 8.96%
--------------------
CAPITAL ONE MASTER TRUST (DELINQUENCIES AND LOSSES)
MONTHLY PERIOD : May 1999 ACCOUNTS RECEIVABLES
-------- -----------
End of the Month Delinquencies :
30 - 59 Days Delinquent 141,698 171,444,700.09
----------------- --------------------
60 - 89 Days Delinquent 79,112 107,940,508.94
----------------- --------------------
90 + Days Delinquent 143,083 212,304,826.12
----------------- --------------------
Total 30 + Days Delinquent 363,893 491,690,035.15
----------------- --------------------
Delinquencies 30 + Days as a Percent of End of the Month Total Receivables 4.69%
--------------------
Defaulted Accounts During the Month 48,533 51,352,830.79
----------------- --------------------
Annualized Default Rate as a Percent of Beginning of the Month Principal Receivables 5.87%
--------------------
</TABLE>
PAGE 7 OF 43
<PAGE> 2
CAPITAL ONE MASTER TRUST (COLLECTIONS)
<TABLE>
<CAPTION>
MONTHLY PERIOD : May 1999 COLLECTIONS PERCENTAGES
----------- -----------
<S> <C> <C>
Total Collections and Gross Payment Rate 1,421,417,036.87 13.09%
------------------ ------------------
Collections of Principal Receivables and Principal Payment Rate 1,208,746,595.74 11.50%
------------------ ------------------
Prior Month Billed Finance Charge and Fees 171,643,014.01
------------------
Amortized AMF Income 12,865,574.07
------------------
Interchange Collected 12,320,694.92
------------------
Recoveries of Charged Off Accounts 14,797,123.40
------------------
Collections of Discounted Receivables 0.00
------------------
Collections of Finance Charge Receivables and Annualized Yield 211,626,406.40 24.17%
------------------ ------------------
CAPITAL ONE MASTER TRUST (AMF COLLECTIONS)
MONTHLY PERIOD : May 1999
Beginning Unamortized AMF Balance 65,567,816.06
------------------
+ AMF Slug 0.00
------------------
+ AMF Collections 13,909,608.80
------------------
- - Amortized AMF Income 12,865,574.07
------------------
Ending Unamortized AMF Balance 66,611,850.79
------------------
CAPITAL ONE MASTER TRUST (DISCOUNTED RECEIVABLES)
MONTHLY PERIOD : May 1999
Gross Principal Payment Rate 11.50%
------------------
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/ Charles Kim
-------------------------------
Charles Kim
Securitization Manager
PAGE 8 OF 43
<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 June 15,
1999, and with respect to the performance of the Trust during the month May,
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 June 15, 1999
per $1,000 Original Principal Amount 4.1103472168
----------------------
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 4.1103472168
----------------------
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 0.0000000000
----------------------
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 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 0.0000000000
----------------------
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 June 15, 1999
per $1,000 Original Principal Amount. 6.1250001228
----------------------
</TABLE>
PAGE 9 OF 43
<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 0.0000000000
----------------------
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 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 0.0000000000
----------------------
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 10 OF 43
<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 June 15, 1999,
and with respect to the performance of the Trust during the month May, 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 4.1007230854
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of principal on
the Series 1994-A Certificate is 0.0000000000
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of interest on
the Series 1994-A Certificates 4.1007230854
----------------------
4) The total amount of the distribution to Collateral Indebtedness Holder on the Payment
Date is 4.3520139134
----------------------
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 4.3520139134
----------------------
</TABLE>
PAGE 11 OF 43
<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 June 15,
1999, and with respect to the performance of the Trust during the month May,
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 June 15, 1999
per $1,000 Original Principal Amount 4.1022916667
----------------------
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 4.1022916667
----------------------
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 June 15, 1999 per
$1,000 Original Principal Amount. 4.1909028395
----------------------
</TABLE>
PAGE 12 OF 43
<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. 4.1909028395
----------------------
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 13 OF 43
<PAGE> 1
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1995-3
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information which
is required to be prepared with respect to the Distribution Date of June 15,
1999, and with respect to the performance of the Trust during the month May,
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 June 15, 1999
per $1,000 Original Principal Amount 4.0700694405
----------------------
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 4.0700694405
----------------------
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 June 15, 1999 per
$1,000 Original Principal Amount. 4.1586805861
----------------------
</TABLE>
PAGE 14 OF 43
<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. 4.1586805861
----------------------
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 15 OF 43
<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 June 15,
1999, and with respect to the performance of the Trust during the month May,
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 June 15, 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 June 15, 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 June 15, 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
----------------------
</TABLE>
PAGE 16 OF 43
<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 June 15, 1999
per $1,000 Original Principal Amount. 4.1667360947
----------------------
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. 4.1667360947
----------------------
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 17 OF 43
<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 June 15,
1999, and with respect to the performance of the Trust during the month May,
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 June 15, 1999 per $1,000
Original Principal Amount 4.0297916667
----------------------
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 4.0297916667
----------------------
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 June 15, 1999 per $10,000
Original Principal Amount 40.2979166667
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 40.2979166667
----------------------
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 June 15, 1999
per $100,000 Original Principal Amount 402.9791666667
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 402.9791666667
----------------------
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 43
<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 June 15, 1999 per $1,000
Original Principal Amount. 4.2150694545
----------------------
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. 4.2150694545
----------------------
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 19 OF 43
<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 June 15,
1999, and with respect to the performance of the Trust during the month May,
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 June 15, 1999
per $1,000 Original Principal Amount 4.0459027750
----------------------
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 4.0459027750
----------------------
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 June 15, 1999
per $1,000 Original Principal Amount. 4.2392361818
----------------------
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. 4.2392361818
----------------------
</TABLE>
PAGE 20 OF 43
<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 21 OF 43
<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 June 15,
1999, and with respect to the performance of the Trust during the month May,
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 June
15, 1999 per $1,000 Original Principal Amount 13.2649433233
---------------------
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 13.2649433233
---------------------
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 June
15, 1999 per $10,000 Original Principal Amount 132.6494332330
---------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of
interest on the Class A Certificates 132.6494332330
---------------------
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 June
15, 1999 per $100,000 Original Principal Amount 1,326.4943323300
---------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of
interest on the Class A Certificates 1,326.4943323300
---------------------
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 22 of 43
<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 June
15, 1999 per $1,000 Original Principal Amount. 4.1909027391
---------------------
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. 4.1909027391
---------------------
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 23 of 43
<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 June 15,
1999, and with respect to the performance of the Trust during the month May,
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 June
15, 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 June 15, 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 June 15, 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 43
<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 June 15, 1999
per $1,000 Original Principal Amount. 4.1909027101
----------------------
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. 4.1909027101
----------------------
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 June 15, 1999
per $1,000 Original Principal Amount. 4.3721527795
----------------------
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. 4.3721527795
----------------------
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 25 of 43
<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 26 of 43
<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 June 15,
1999, and with respect to the performance of the Trust during the month May,
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 June 15, 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 June 15, 1999
per $1,000 Original Principal Amount. 5.2966666187
----------------------
</TABLE>
Page 27 of 43
<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 June 15, 1999
per $1,000 Original Principal Amount. 4.7145139907
----------------------
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. 4.7145139907
----------------------
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 28 of 43
<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 29 of 43
<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 June 15,
1999, and with respect to the performance of the Trust during the month May,
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 June 15, 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 June 15, 1999
per $1,000 Original Principal Amount. 4.0700694771
----------------------
</TABLE>
Page 30 of 43
<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. 4.0700694771
----------------------
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 June 15, 1999
per $1,000 Original Principal Amount. 4.2311805934
----------------------
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. 4.2311805934
----------------------
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 31 of 43
<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 32 of 43
<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 June 15,
1999, and with respect to the performance of the Trust during the month May,
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 June 15, 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 June 15, 1999
per $1,000 Original Principal Amount. 4.1345139408
----------------------
</TABLE>
Page 33 of 43
<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. 4.1345139408
----------------------
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 June 15, 1999
per $1,000 Original Principal Amount. 4.3117362382
----------------------
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. 4.3117362382
----------------------
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 34 of 43
<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 35 of 43
<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 June 15,
1999, and with respect to the performance of the Trust during the month May,
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 June 15, 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 June 15, 1999
per $1,000 Original Principal Amount. 4.4728471667
----------------------
</TABLE>
Page 36 of 43
<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. 4.4728471667
----------------------
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 June 15, 1999
per $1,000 Original Principal Amount. 4.9149039140
----------------------
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. 4.9149039140
----------------------
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 37 of 43
<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 38 of 43
<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 June 15, 1999,
and with respect to the performance of the Trust during the month May, 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 4.1686030666
----------------------
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 paragraph 1 above in respect of interest
on the Series 1998-5 Certificates 4.1686030666
----------------------
4) The total amount of the distribution to Collateral Indebtedness Holder on the
Payment Date is 4.6165478877
----------------------
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 4.6165478877
----------------------
</TABLE>
Page 39 of 43
<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 June 15, 1999,
and with respect to the performance of the Trust during the month May, 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 paragraph 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 40 of 43
<PAGE> 1
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1999-1
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 June 15,
1999, and with respect to the performance of the Trust during the month May,
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 June 15, 1999
per $1,000 Original Principal Amount 3.92000000
----------------------
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 3.92000000
----------------------
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 0.00000000
----------------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.00000000
----------------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.00000000
----------------------
3) The total amount reimbursed to the Trust in respect of Class A Investor Charge Off's 0.00000000
----------------------
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 1999-1 Investor Certificateholder's Investment) 0.00000000
----------------------
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 0.00000000
----------------------
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 June 15, 1999
per $1,000 Original Principal Amount. 4.07555552
----------------------
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. 4.07555552
----------------------
</TABLE>
Page 41 of 43
<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. 0.00000000
----------------------
D) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.00000000
----------------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.00000000
----------------------
3) The total amount reimbursed to the Trust in respect of Class B Investor Charge Off's 0.00000000
----------------------
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 1999-1 Investor Certificateholder's Investment) 0.00000000
----------------------
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 0.00000000
----------------------
E) Information Regarding Distributions to the Collateral Interest Holder
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Collateral Interest Holder on
per $1,000 Original Principal Amount. 5.13333328
----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Collateral Interest, per $1,000 Original Principal Amount. 5.13333328
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Collateral Interest, per $1,000 Original Principal Amount. 0.00000000
----------------------
F) Collateral Interest Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Collateral Interest Investor Charge Off's 0.00000000
----------------------
2) The amount of Collateral Interest Investor Charge Off's set forth in paragraph 1 above,
per $1,000 Original Principal Amount
0.00000000
----------------------
</TABLE>
Page 42 of 43
<PAGE> 1
BLOOMBERG DATA (PUBLIC INFORMATION)
CAPITAL ONE MASTER TRUST
TRUST EXCESS SPREAD ANALYSIS - MAY-99
<TABLE>
<CAPTION>
Card Trust COMT 94-3 COMT 95-1 COMT 95-3 COMT 96-1* COMT 96-2 COMT 96-3
Deal Size $453MM $900MM $1050MM $845MM $750MM $500MM
Expected Maturity(Class A): 6/15/99 6/15/00 8/15/00 8/15/01 12/15/01 1/15/04
(NON-US
TRANSACTION)
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Excess Spread:
Portfolio Yield 22.48% 22.48% 22.48% 22.48% 22.48% 22.48%
LESS: (Wt Avg) Coupon 5.46% 5.20% 5.16% 5.22% 5.13% 5.17%
SVC Fees 2.00% 2.00% 2.00% 1.50% 1.50% 1.50%
Charge-Offs 4.18% 4.18% 4.18% 4.18% 4.18% 4.18%
Excess Spread: May-99 10.84% 11.10% 11.14% 11.58% 11.67% 11.63%
Apr-99 10.33% 10.52% 10.56% 11.02% 11.09% 11.06%
Mar-99 9.90% 10.11% 10.14% 10.62% 10.67% 10.64%
3-Mo Avg Excess Spread 10.36% 10.58% 10.61% 11.07% 11.14% 11.11%
- --------------------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.62% 1.62% 1.62% 1.62% 1.62% 1.62%
60 to 89 days 1.02% 1.02% 1.02% 1.02% 1.02% 1.02%
90+ days 2.01% 2.01% 2.01% 2.01% 2.01% 2.01%
Monthly Payment Rate 13.09% 13.09% 13.09% 13.09% 13.09% 13.09%
</TABLE>
<TABLE>
<CAPTION>
Card Trust COMT 97-1* COMT 97-2* COMT 98-1 COMT 98-2* COMT 98-3* COMT 98-4 COMT 99-1
Deal Size $608MM $502MM $591MM $502MM $464MM $750MM $625MM
Expected Maturity(Class A): 6/15/02 8/15/02 4/15/08 8/10/99 8/16/01 11/15/03 5/15/04
(NON-US (NON-US (NON-US (NON-US
TRANSACTION) TRANSACTION) TRANSACTION) TRANSACTION)
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Excess Spread:
Portfolio Yield 22.48% 22.48% 22.48% 22.48% 22.48% 22.48% 22.48%
LESS: (Wt Avg) Coupon 5.28% 5.17% 6.27% 4.93% 5.57% 5.46% 5.86%
SVC Fees 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50%
Charge-Offs 4.18% 4.18% 4.18% 4.18% 4.18% 4.18% 4.18%
Excess Spread: May-99 11.52% 11.63% 10.53% 11.87% 11.23% 11.34% 10.94%
Apr-99 10.96% 11.07% 9.74% 11.29% 9.90% 10.49% -
Mar-99 10.55% 10.67% 9.41% 10.88% 9.75% 10.18% -
3-Mo Avg Excess Spread 11.01% 11.12% 9.89% 11.35% 10.29% 10.67% NA
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Delinquents: 30 to 59 days 1.62% 1.62% 1.62% 1.62% 1.62% 1.62% 1.62%
60 to 89 days 1.02% 1.02% 1.02% 1.02% 1.02% 1.02% 1.02%
90+ days 2.01% 2.01% 2.01% 2.01% 2.01% 2.01% 2.01%
Monthly Payment Rate 13.09% 13.09% 13.09% 13.09% 13.09% 13.09% 13.09%
</TABLE>
* This material is for informational purposes only and is not an offer of
securities for sale in the United States. These securities will not be and have
not been registered under the Securities Act of 1933 and may not be offered or
sold in the United States absent registration or an applicable exemption from
the registration requirements.
COMMENTS:
Series 1994-3 Class A paid out this Distribution Date
Capital One Master Trust performance statistics are also available at the
Capital One web site: http://www.capitalone.com
(Under "For Investors" section)
