<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
FORM 8-K/A
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: March 15, 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 43
<PAGE> 2
ITEM 5. OTHER EVENTS
The February 1999 monthly Certificateholder's Statements to
investors were distributed March 15, 1999.
ITEM 7 (c). EXHIBITS
The following are filed as exhibits to this Report under Exhibit 20:
1. February Performance Summary
2. Series 1993-4 Class A and Class B Certificateholder's
Statements for the month of February 1999.
3. Series 1994-3 Class A and Class B Certificateholder's
Statements for the month of February 1999.
4. Series 1994-A Certificateholder's Statement for the month of
February 1999.
5. Series 1995-1 Class A and Class B Certificateholder's
Statements for the month of February 1999.
6. Series 1995-3 Class A and Class B Certificateholder's
Statements for the month of February 1999.
7. Series 1996-1 Class A and Class B Certificateholder's
Statements for the month of February 1999.
8. Series 1996-2 Class A and Class B Certificateholder's
Statements for the month of February 1999.
9. Series 1996-3 Class A and Class B Certificateholder's
Statements for the month of February 1999.
10. Series 1997-1 Class A and Class B Certificateholder's
Statements for the month of February 1999.
11. Series 1997-2 Class A and Class B Certificateholder's
Statements for the month of February 1999.
12. Series 1998-1 Class A and Class B Certificateholder's
Statements for the month of February 1999.
13. Series 1998-2 Class A and Class B Certificateholder's
Statements for the month of February 1999.
14. Series 1998-3 Class A and Class B Certificateholder's
Statements for the month of February 1999.
15. Series 1998-4 Class A and Class B Certificateholder's
Statements for the month of February 1999.
Page 2 of 43
<PAGE> 3
16. Series 1998-5 Certificateholder's Statement for the month of
February 1999.
17. Series 1998-6 Certificateholder's Statement for the month of
February 1999.
18. Trust Excess Spread Analysis
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
CAPITAL ONE MASTER TRUST
By: CAPITAL ONE BANK
Servicer
By: /s/ David M. Willey
-----------------------------------
David M. Willey
Senior Vice President and Treasurer
Date: March 19, 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 February Performance Summary 07
2 Series 1993-4 Class A and Class B Certificate-
holder's Statements for the month of February 1999 09
3 Series 1994-3 Class A and Class B Certificate-
holder's Statements for the month of February 1999 11
4 Series 1994-A Certificateholder's Statement for
the month of February 1999 13
5 Series 1995-1 Class A and Class B Certificate-
holder's Statements for the month of February 1999 14
6 Series 1995-3 Class A and Class B Certificate-
holder's Statements for the month of February 1999 16
7 Series 1996-1 Class A and Class B Certificate-
holder's Statements for the month of February 1999 18
8 Series 1996-2 Class A and Class B Certificate-
holder's Statements for the month of February 1999 20
</TABLE>
Page 5 of 43
<PAGE> 6
<TABLE>
<S> <C> <C>
9 Series 1996-3 Class A and Class B Certificate-
holder's Statements for the month of February 1999 22
10 Series 1997-1 Class A and Class B Certificate-
holder's Statements for the month of February 1999 24
11 Series 1997-2 Class A and Class B Certificate-
holder's Statements for the month of February 1999 26
12 Series 1998-1 Class A and Class B Certificate-
holder's Statements for the month of February 1999 29
13 Series 1998-2 Class A and Class B Certificate-
holder's Statements for the month of February 1999 32
14 Series 1998-3 Class A and Class B Certificate-
holder's Statements for the month of February 1999 35
15 Series 1998-4 Class A and Class B Certificate-
holder's Statements for the month of February 1999 38
16 Series 1998-5 Certificateholder's Statement for
the month of February 1999 41
17 Series 1998-6 Certificateholder's Statement for
the month of February 1999 42
18 Trust Excess Spread Analysis 43
</TABLE>
Page 6 of 43
<PAGE> 1
CAPITAL ONE MASTER TRUST
TRUST EXCESS SPREAD ANALYSIS - FEBRUARY-99
<TABLE>
<CAPTION>
Card Trust COMT 93-4 COMT 94-3 COMT 95-1 COMT 95-3
Deal Size $700MM $453MM $900MM $1050MM
Expected Maturity(Class A): 1/15/99 6/15/99 6/15/00 8/15/00
In Accumulation
Period
- ------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Excess Spread:
Portfolio Yield 10.03% 21.82% 21.82% 21.82%
LESS: (Wt Avg) Coupon 0.68% 5.69% 5.39% 5.35%
SVC Fees 0.52% 2.00% 2.00% 2.00%
Charge-Offs 1.17% 4.29% 4.29% 4.29%
Excess Spread: Feb-99 7.66% 9.84% 10.14% 10.18%
Jan-99 7.21% 8.33% 8.52% 8.55%
Dec-98 3.79% 8.80% 8.95% 8.99%
3-Mo Avg Excess Spread 6.22% 8.99% 9.20% 9.24%
- ------------------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.74% 1.74% 1.74% 1.74%
60 to 89 days 1.12% 1.12% 1.12% 1.12%
90+ days 2.14% 2.14% 2.14% 2.14%
Monthly Payment Rate 11.68% 11.68% 11.68% 11.68%
</TABLE>
<TABLE>
<CAPTION>
Card Trust COMT 96-1* COMT 96-2
Deal Size $845MM $750MM
Expected Maturity(Class A): 8/15/01 12/15/01
(NON-US
TRANSACTION)
- ---------------------------------------------------------------------------------
<S> <C> <C>
Excess Spread:
Portfolio Yield 21.82% 21.82%
LESS: (Wt Avg) Coupon 5.38% 5.32%
SVC Fees 1.50% 1.50%
Charge-Offs 4.29% 4.29%
Excess Spread: Feb-99 10.65% 10.71%
Jan-99 8.75% 9.08%
Dec-98 9.62% 9.52%
3-Mo Avg Excess Spread 9.67% 9.77%
- ---------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.74% 1.74%
60 to 89 days 1.12% 1.12%
90+ days 2.14% 2.14%
Monthly Payment Rate 11.68% 11.68%
</TABLE>
<TABLE>
<CAPTION>
Card Trust COMT 96-3 COMT 97-1* COMT 97-2* COMT 98-1
Deal Size $500MM $608MM $502MM $591MM
Expected Maturity(Class A): 1/15/04 6/15/02 8/15/02 4/15/08
(NON-US (NON-US
TRANSACTION) TRANSACTION)
- ------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Excess Spread:
Portfolio Yield 21.82% 21.82% 21.82% 21.82%
LESS: (Wt Avg) Coupon 5.35% 5.44% 5.33% 6.24%
SVC Fees 1.50% 1.50% 1.50% 1.50%
Charge-Offs 4.29% 4.29% 4.29% 4.29%
Excess Spread: Feb-99 10.68% 10.59% 10.70% 9.79%
Jan-99 9.05% 9.01% 8.80% 7.80%
Dec-98 9.49% 9.87% 9.67% 8.81%
3-Mo Avg Excess Spread 9.74% 9.82% 9.72% 8.80%
- ------------------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.74% 1.74% 1.74% 1.74%
60 to 89 days 1.12% 1.12% 1.12% 1.12%
90+ days 2.14% 2.14% 2.14% 2.14%
Monthly Payment Rate 11.68% 11.68% 11.68% 11.68%
</TABLE>
<TABLE>
<CAPTION>
Card Trust COMT 98-2* COMT 98-3* COMT 98-4
Deal Size $502MM $464MM $750MM
Expected Maturity(Class A): 8/10/99 8/16/01 11/15/03
(NON-US (NON-US
TRANSACTION) TRANSACTION)
- -------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Excess Spread:
Portfolio Yield 21.82% 21.82% 21.82%
LESS: (Wt Avg) Coupon 5.12% 5.19% 5.41%
SVC Fees 1.50% 1.50% 1.50%
Charge-Offs 4.29% 4.29% 4.29%
Excess Spread: Feb-99 10.91% 10.84% 10.62%
Jan-99 9.28% 7.95% 8.55%
Dec-98 9.72% 9.09% 9.52%
3-Mo Avg Excess Spread 9.97% 9.29% 9.56%
- -------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.74% 1.74% 1.74%
60 to 89 days 1.12% 1.12% 1.12%
90+ days 2.14% 2.14% 2.14%
Monthly Payment Rate 11.68% 11.68% 11.68%
</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 1993-4 Class B paid out on 3/15/99
Capital One Master Trust performance statistics are also available at the
Capital One web site: http://www.capitalone.com
(Under "For Investors" section)