<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----------------------
FORM 8-K/A
Current Report
THIS AMENDMENT IS BEING FILED TO INCLUDE EXCESS SPREAD
INFORMATION ON COMT SERIES 1999-3 - INDEX ITEM 20 ON PAGE 45
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: August 16, 1999
---------------
CAPITAL ONE MASTER TRUST
CAPITAL ONE BANK
(Exact name of registrant as specified in its charter)
Virginia 0-25762 54-1719855
- ------------------------------- ------------ ------------------
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
11013 West Broad Street Road, Glen Allen, Virginia 23060
- -------------------------------------------------- -------------
(Address of principal executive offices) (Zip Code)
(Registrant's telephone number, including area code):
(804) 967-1000
(Former name or former address, if changed since last report):
Not Applicable
Page 1 of 45
<PAGE> 2
ITEM 5. OTHER EVENTS
The July 1999 monthly Certificateholder's Statements to investors
were distributed August 16, 1999.
ITEM 7 (c). EXHIBITS
The following are filed as exhibits to this Report under Exhibit
20:
1. July Performance Summary
2. Series 1994-3 Class A and Class B Certificateholder's
Statements for the month of July 1999.
3. Series 1994-A Certificateholder's Statement for the month of
July 1999.
4. Series 1995-1 Class A and Class B Certificateholder's
Statements for the month of July 1999.
5. Series 1995-3 Class A and Class B Certificateholder's
Statements for the month of July 1999.
6. Series 1996-1 Class A and Class B Certificateholder's
Statements for the month of July 1999.
7. Series 1996-2 Class A and Class B Certificateholder's
Statements for the month of July 1999.
8. Series 1996-3 Class A and Class B Certificateholder's
Statements for the month of July 1999.
9. Series 1997-1 Class A and Class B Certificateholder's
Statements for the month of July 1999.
10. Series 1997-2 Class A and Class B Certificateholder's
Statements for the month of July 1999.
11. Series 1998-1 Class A and Class B Certificateholder's
Statements for the month of July 1999.
12. Series 1998-2 Class A and Class B Certificateholder's
Statements for the month of July 1999.
13. Series 1998-3 Class A and Class B Certificateholder's
Statements for the month of July 1999.
14. Series 1998-4 Class A and Class B Certificateholder's
Statements for the month of July 1999.
15. Series 1998-5 Certificateholder's Statement for the
month of July 1999.
16. Series 1998-6 Certificateholder's Statement for the
month of July 1999.
Page 2 of 45
<PAGE> 3
17. Series 1999-1 Class A and Class B Certificateholder's
Statements for the month of July 1999
18. Series 1999-2 Class A and Class B Certificateholder's
Statements for the month of July 1999
19. Series 1999-3 Class A and Class B Certificateholder's
Statements for the month of July 1999
20. Trust Excess Spread Analysis
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned 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: August 18, 1999
Page 3 of 45
<PAGE> 4
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------
EXHIBITS
TO
FORM 8-K/A
CAPITAL ONE MASTER TRUST
CAPITAL ONE BANK
(Exact name of registrant as specified in its charter)
Page 4 of 45
<PAGE> 5
<TABLE>
<CAPTION>
INDEX TO EXHIBITS
SEQUENTIALLY
EXHIBIT NUMBERED
NUMBER EXHIBITS PAGE
- ------- -------- ------------
<S> <C> <C>
1 July Performance Summary 07
2 Series 1994-3 Class A and Class B Certificate-
holder's Statements for the month of July 1999 09
3 Series 1994-A Certificateholder's Statement for
the month of July 1999 11
4 Series 1995-1 Class A and Class B Certificate-
holder's Statements for the month of July 1999 12
5 Series 1995-3 Class A and Class B Certificate-
holder's Statements for the month of July 1999 14
6 Series 1996-1 Class A and Class B Certificate-
holder's Statements for the month of July 1999 16
7 Series 1996-2 Class A and Class B Certificate-
holder's Statements for the month of July 1999 18
8 Series 1996-3 Class A and Class B Certificate-
holder's Statements for the month of July 1999 20
9 Series 1997-1 Class A and Class B Certificate-
holder's Statements for the month of July 1999 22
10 Series 1997-2 Class A and Class B Certificate-
holder's Statements for the month of July 1999 24
11 Series 1998-1 Class A and Class B Certificate-
holder's Statements for the month of July 1999 27
12 Series 1998-2 Class A and Class B Certificate-
holder's Statements for the month of July 1999 30
13 Series 1998-3 Class A and Class B Certificate-
holder's Statements for the month of July 1999 32
</TABLE>
Page 5 of 45
<PAGE> 6
<TABLE>
<S> <C> <C>
14 Series 1998-4 Class A and Class B Certificate-
holder's Statements for the month of July 1999 35
15 Series 1998-5 Certificateholder's Statement for
the month of July 1999 37
16 Series 1998-6 Certificateholder's Statement for
the month of July 1999 38
17 Series 1999-1 Class A and Class B Certificate-
holder's Statements for the month of July 1999 39
18 Series 1999-2 Class A and Class B Certificate-
holder's Statements for the month of July 1999 41
19 Series 1999-3 Class A and Class B Certificate-
holder's Statements for the month of July 1999 43
20 Trust Excess Spread Analysis 45
</TABLE>
Page 6 of 45
<PAGE> 1
CAPITAL ONE MASTER TRUST
TRUST EXCESS SPREAD ANALYSIS - JULY-99
<TABLE>
<CAPTION>
Card Trust COMT 94-3 COMT 95-1 COMT 95-3 COMT 96-1* COMT 96-2 COMT 96-3 OMT 97-1*
Deal Size $453MM $900MM $1050MM $845MM $750MM $500MM $608MM
Expected Maturity(Class A): 6/15/99 6/15/00 8/15/00 8/15/01 12/15/01 1/15/04 6/15/02
(94-3 paid out) (NON-US (NON-US
TRANSACTION) TRANSACTION)
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Excess Spread:
Portfolio Yield 22.10% 22.10% 22.10% 22.10% 22.10% 22.10% 22.10%
LESS: (Wt Avg) Coupon 6.19% 5.28% 5.25% 5.08% 5.22% 5.25% 5.08%
SVC Fees 2.00% 2.00% 2.00% 1.50% 1.50% 1.50% 1.50%
Charge-Offs 3.58% 3.58% 3.58% 3.58% 3.58% 3.58% 3.58%
Excess Spread: Jul-99 10.33% 11.24% 11.27% 11.94% 11.80% 11.77% 11.94%
Jun-99 15.13% 11.25% 11.29% 11.80% 11.82% 11.79% 11.80%
May-99 10.84% 11.10% 11.14% 11.58% 11.67% 11.63% 11.52%
3-Mo Avg Excess Spread 12.10% 11.20% 11.23% 11.77% 11.76% 11.73% 11.75%
- -----------------------------------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.59% 1.59% 1.59% 1.59% 1.59% 1.59% 1.59%
60 to 89 days 1.02% 1.02% 1.02% 1.02% 1.02% 1.02% 1.02%
90+ days 1.97% 1.97% 1.97% 1.97% 1.97% 1.97% 1.97%
Monthly Payment Rate 14.03% 14.03% 14.03% 14.03% 14.03% 14.03% 14.03%
(98-2 paid out)
Card Trust COMT 97-2* COMT 98-1 COMT 98-2* COMT 98-3* COMT 98-4 COMT 99-1 COMT 99-2
Deal Size $502MM $591MM $502MM $464MM $750MM $625MM $625MM
Expected Maturity(Class A): 8/15/02 4/15/08 8/10/99 8/16/01 11/15/03 5/15/04 5/15/02
(NON-US (NON-US (NON-US
TRANSACTION) TRANSACTION) TRANSACTION)
- -----------------------------------------------------------------------------------------------------------------------------------
Excess Spread:
Portfolio Yield 22.10% 22.10% 22.10% 22.10% 22.10% 22.10% 22.10%
LESS: (Wt Avg) Coupon 5.03% 6.33% 5.68% 6.20% 5.60% 5.30% 5.25%
SVC Fees 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50%
Charge-Offs 3.58% 3.58% 3.58% 3.58% 3.58% 3.58% 3.58%
Excess Spread: Jul-99 11.99% 10.69% 11.34% 10.82% 11.42% 11.72% 11.77%
Jun-99 11.85% 10.68% 12.02% 11.19% 11.45% 11.18% 11.21%
May-99 11.63% 10.53% 11.87% 11.23% 11.34% 10.94% 0.00%
3-Mo Avg Excess Spread 11.82% 10.63% 11.74% 11.08% 11.40% 11.28% NA
- -----------------------------------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.59% 1.59% 1.59% 1.59% 1.59% 1.59% 1.59%
60 to 89 days 1.02% 1.02% 1.02% 1.02% 1.02% 1.02% 1.02%
90+ days 1.97% 1.97% 1.97% 1.97% 1.97% 1.97% 1.97%
Monthly Payment Rate 14.03% 14.03% 14.03% 14.03% 14.03% 14.03% 14.03%
</TABLE>
<TABLE>
<CAPTION>
Card Trust COMT 99-3
Deal Size $500MM
Expected Maturity(Class A): 7/15/06
- --------------------------------------------
<S> <C>
Excess Spread:
Portfolio Yield 22.10%
LESS: (Wt Avg) Coupon 6.60%
SVC Fees 1.50%
Charge-Offs 3.58%
Excess Spread: Jul-99 10.42%
Jun-99 0.00%
May-99 0.00%
3-Mo Avg Excess Spread NA
- --------------------------------------------
Delinquents: 30 to 59 days 1.59%
60 to 89 days 1.02%
90+ days 1.97%
Monthly Payment Rate 14.03%
</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 pays out August 16, 1999
Series 1998-2 Class A pays out August 10,1999
Series 1998-2 pays out on August 16, 1999
Capital One Master Trust performance statistics are also available at
the Capital One web site: http://www.capitalone.com
Page 45 of 45
