<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: May 17, 1999
------------
CAPITAL ONE MASTER TRUST
CAPITAL ONE BANK
(Exact name of registrant as specified in its charter)
<TABLE>
<CAPTION>
Virginia 0-25762 54-1719855
- ------------------------------- ------------ -------------------
<S> <C> <C>
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
</TABLE>
<TABLE>
<S> <C>
11013 West Broad Street Road, Glen Allen, Virginia 23060
- -------------------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
</TABLE>
(Registrant's telephone number, including area code):
(804) 967-1000
(Former name or former address, if changed since last report):
Not Applicable
Page 1 of 41
<PAGE> 2
<TABLE>
<CAPTION>
ITEM 5. OTHER EVENTS
The April 1999 monthly Certificateholder's Statements to investors
were distributed May 17, 1999.
ITEM 7 (c). EXHIBITS
The following are filed as exhibits to this Report under Exhibit
20:
<S> <C>
1. April Performance Summary
2. Series 1994-3 Class A and Class B Certificateholder's
Statements for the month of April 1999.
3. Series 1994-A Certificateholder's Statement for the month of
April 1999.
4. Series 1995-1 Class A and Class B Certificateholder's
Statements for the month of April 1999.
5. Series 1995-3 Class A and Class B Certificateholder's
Statements for the month of April 1999.
6. Series 1996-1 Class A and Class B Certificateholder's
Statements for the month of April 1999.
7. Series 1996-2 Class A and Class B Certificateholder's
Statements for the month of April 1999.
8. Series 1996-3 Class A and Class B Certificateholder's
Statements for the month of April 1999.
9. Series 1997-1 Class A and Class B Certificateholder's
Statements for the month of April 1999.
10. Series 1997-2 Class A and Class B Certificateholder's
Statements for the month of April 1999.
11. Series 1998-1 Class A and Class B Certificateholder's
Statements for the month of April 1999.
12. Series 1998-2 Class A and Class B Certificateholder's
Statements for the month of April 1999.
13. Series 1998-3 Class A and Class B Certificateholder's
Statements for the month of April 1999.
14. Series 1998-4 Class A and Class B Certificateholder's
Statements for the month of April 1999.
15. Series 1998-5 Certificateholder's Statement for the month of
April 1999.
</TABLE>
Page 2 of 41
<PAGE> 3
<TABLE>
<S> <C>
16. Series 1998-6 Certificateholder's Statement for the month of
April 1999.
17. 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: May 17, 1999
Page 3 of 41
<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 41
<PAGE> 5
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
SEQUENTIALLY
EXHIBIT NUMBERED
NUMBER EXHIBITS PAGE
- ------ -------- ------------
<S> <C> <C>
1 April Performance Summary 07
2 Series 1994-3 Class A and Class B Certificate-
holder's Statements for the month of April 1999 09
3 Series 1994-A Certificateholder's Statement for
the month of April 1999 11
4 Series 1995-1 Class A and Class B Certificate-
holder's Statements for the month of April 1999 12
5 Series 1995-3 Class A and Class B Certificate-
holder's Statements for the month of April 1999 14
6 Series 1996-1 Class A and Class B Certificate-
holder's Statements for the month of April 1999 16
7 Series 1996-2 Class A and Class B Certificate-
holder's Statements for the month of April 1999 18
8 Series 1996-3 Class A and Class B Certificate-
holder's Statements for the month of April 1999 20
9 Series 1997-1 Class A and Class B Certificate-
holder's Statements for the month of April 1999 22
10 Series 1997-2 Class A and Class B Certificate-
holder's Statements for the month of April 1999 24
11 Series 1998-1 Class A and Class B Certificate-
holder's Statements for the month of April 1999 27
12 Series 1998-2 Class A and Class B Certificate-
holder's Statements for the month of April 1999 30
13 Series 1998-3 Class A and Class B Certificate-
holder's Statements for the month of April 1999 33
</TABLE>
Page 5 of 41
<PAGE> 6
<TABLE>
<S> <C> <C>
14 Series 1998-4 Class A and Class B Certificate-
holder's Statements for the month of April 1999 36
15 Series 1998-5 Certificateholder's Statement for
the month of April 1999 39
16 Series 1998-6 Certificateholder's Statement for
the month of April 1999 40
17 Trust Excess Spread Analysis 41
</TABLE>
Page 6 of 41
<PAGE> 1
<TABLE>
<CAPTION>
CAPITAL ONE MASTER TRUST (RECEIVABLES)
MONTHLY PERIOD : April 1999
<S> <C> <C>
Beginning of the Month Principal Receivables : 10,772,695,380.77
-----------------
Beginning of the Month Finance Charge Receivables : 354,789,524.02
-----------------
Beginning of the Month Discounted Receivables : 0.00
-----------------
Beginning of the Month Total Receivables : 11,127,484,904.79
-----------------
Removed Principal Receivables : 0.00
-----------------
Removed Finance Charge Receivables : 0.00
-----------------
Removed Total Receivables : 0.00
-----------------
Additional Principal Receivables : 507,461,796.59
-----------------
Additional Finance Charge Receivables : 51,843,681.99
-----------------
Additional Total Receivables : 559,305,478.58
-----------------
Discounted Receivables Generated this Period 0.00
-----------------
End of the Month Principal Receivables : 10,506,381,157.49
-----------------
End of the Month Finance Charge Receivables : 349,554,234.60
-----------------
End of the Month Discounted Receivables : 0.00
-----------------
End of the Month Total Receivables : 10,855,935,392.09
-----------------
Excess Funding Account Balance 0.00
-----------------
Adjusted Invested Amount of all Master Trust Series 9,195,918,104.33
-----------------
End of the Month Seller Percentage 12.47%
-----------------
CAPITAL ONE MASTER TRUST (DELINQUENCIES AND LOSSES)
MONTHLY PERIOD : April 1999 ACCOUNTS RECEIVABLES
-------- -----------
End of the Month Delinquencies :
30 - 59 Days Delinquent 140,658 174,933,779.79
---------------- -----------------
60 - 89 Days Delinquent 79,692 113,997,936.51
---------------- -----------------
90 + Days Delinquent 150,702 219,048,945.67
---------------- -----------------
Total 30 + Days Delinquent 371,052 507,980,661.97
---------------- -----------------
Delinquencies 30 + Days as a Percent of End of the Month Total Receivables 4.68%
-----------------
Defaulted Accounts During the Month 51,199 54,254,399.65
---------------- -----------------
Annualized Default Rate as a Percent of Beginning of the Month Principal Receivables 6.04%
-----------------
</TABLE>
Page 7 of 41
<PAGE> 2
<TABLE>
<CAPTION>
CAPITAL ONE MASTER TRUST (COLLECTIONS)
MONTHLY PERIOD : April 1999 COLLECTIONS PERCENTAGES
----------- -----------
<S> <C> <C>
Total Collections and Gross Payment Rate 1,400,578,864.40 12.59%
---------------- ----------------
Collections of Principal Receivables and Principal Payment Rate 1,193,564,340.61 11.08%
---------------- ----------------
Prior Month Billed Finance Charge and Fees 170,167,799.39
----------------
Amortized AMF Income 13,177,713.18
----------------
Interchange Collected 12,095,159.12
----------------
Recoveries of Charged Off Accounts 16,290,091.17
----------------
Collections of Discounted Receivables 0.00
----------------
Collections of Finance Charge Receivables and Annualized Yield 211,730,762.86 23.59%
---------------- ----------------
CAPITAL ONE MASTER TRUST (AMF COLLECTIONS)
MONTHLY PERIOD : April 1999
Beginning Unamortized AMF Balance 49,511,124.34
----------------
+ AMF Slug 20,772,930.79
----------------
+ AMF Collections 8,461,474.11
----------------
- - Amortized AMF Income 13,177,713.18
----------------
Ending Unamortized AMF Balance 65,567,816.06
----------------
CAPITAL ONE MASTER TRUST (DISCOUNTED RECEIVABLES)
MONTHLY PERIOD : April 1999
Gross Principal Payment Rate 11.08%
----------------
May 17, 1994 3% Discount of Addition 50,184,973.92
----------------
Total Discounted Receivables Collections as of Beginning of Month 50,184,973.92
----------------
Collections of Discounted Receivables Current Month 0.00
----------------
Discounted Receivables to be Collected 0.00
----------------
</TABLE>
/s/ Douglas C.H. Adamson
----------------------------
Douglas C.H. Adamson
Securitization Manager
Page 8 of 41
<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 May 17,
1999, and with respect to the performance of the Trust during the month April,
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 May 4.5566666573
17, 1999 per $1,000 Original Principal Amount ---------------------
2) The amount of the distribution set forth in paragraph 1 above in respect 4.5566666573
of interest on the Class A Certificates, per $1,000 Original Principal Amount ---------------------
3) The amount of the distribution set forth in paragraph 1 above in respect 0.0000000000
of principal of the Class A Certificates, per $1,000 Original Principal Amount ---------------------
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 0.0000000000
above, per $1,000 Original Principal Amount ---------------------
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 0.0000000000
each Series 1994-3 Investor Certificateholder's Investment) ---------------------
5) The amount, if any, by which the outstanding principal balance of the
Class A Certificates exceeds the Class A Invested Amount after 0.00
giving effect to all transactions on such Distribution Date ---------------------
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 May 6.1250001228
17, 1999 per $1,000 Original Principal Amount. ---------------------
</TABLE>
Page 9 of 41
<PAGE> 2
<TABLE>
<S> <C>
2) The amount of the distribution set forth in paragraph 1 above in respect 6.1250001228
of interest on the Class B Certificates, per $1,000 Original Principal Amount. ---------------------
3) The amount of the distribution set forth in paragraph 1 above in respect 0.0000000000
of principal of the Class B Certificates, per $1,000 Original Principal Amount. ---------------------
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 0.0000000000
above, per $1,000 Original Principal Amount ---------------------
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 0.0000000000
each Series 1994-3 Investor Certificateholder's Investment) ---------------------
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 0.00
to all transactions on such Distribution Date ---------------------
E) The Available Collateral Amount as of the close of business on the preceding 54,303,682
Distribution Date (after giving effect to any withdrawal from the Collateral Account) was equal to ---------------------
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 54,303,682
Distribution Date, will be equal to ---------------------
</TABLE>
Page 10 of 41
<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 May 17,
1999, and with respect to the performance of the Trust during the month April,
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 4.5721234492
Payment Date is --------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of 0.0000000000
principal on the Series 1994-A Certificate is --------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of interest 4.5721234492
on the Series 1994-A Certificates --------------------
4) The total amount of the distribution to Collateral Indebtedness Holder on the 4.8233333218
Payment Date is --------------------
5) The amount of the distribution set forth in 4 above in respect to principal 0.0000000000
on the Collateral Indebtedness Interest is --------------------
6) The amount of the distribution set forth in 4 above in respect to interest 4.8233333218
on the Collateral Indebtedness Interest is --------------------
</TABLE>
Page 11 of 41
<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 May 17,
1999, and with respect to the performance of the Trust during the month April,
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 May 4.5477777778
17, 1999 per $1,000 Original Principal Amount -------------------
2) The amount of the distribution set forth in paragraph 1 above in respect 4.5477777778
of interest on the Class A Certificates, per $1,000 Original Principal Amount -------------------
3) The amount of the distribution set forth in paragraph 1 above in respect 0.0000000000
of principal of the Class A Certificates, per $1,000 Original Principal Amount -------------------
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 0.0000000000
above, per $1,000 Original Principal Amount -------------------
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 0.0000000000
each Series 1995-1 Investor Certificateholder's Investment) -------------------
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 0.00
to all transactions on such Distribution Date -------------------
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 May 4.6455555556
17, 1999 per $1,000 Original Principal Amount. -------------------
</TABLE>
Page 12 of 41
<PAGE> 2
<TABLE>
<S> <C>
2) The amount of the distribution set forth in paragraph 1 above in respect 4.6455555556
of interest on the Class B Certificates, per $1,000 Original Principal Amount. -------------------
3) The amount of the distribution set forth in paragraph 1 above in respect 0.0000000000
of principal of the Class B Certificates, per $1,000 Original Principal Amount. -------------------
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 0.0000000000
above, per $1,000 Original Principal Amount -------------------
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 0.0000000000
each Series 1995-1 Investor Certificateholder's Investment) -------------------
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 0.00
to all transactions on such Distribution Date -------------------
E) The Available Collateral Amount as of the close of business on the preceding 99,000,000
Distribution Date (after giving effect to any withdrawal from the Collateral Account) was equal to -------------------
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 99,000,000
Distribution Date, will be equal to -------------------
</TABLE>
Page 13 of 41
<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 May 17,
1999, and with respect to the performance of the Trust during the month April,
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 May 4.5122222262
17, 1999 per $1,000 Original Principal Amount -----------------
2) The amount of the distribution set forth in paragraph 1 above in respect 4.5122222262
of interest on the Class A Certificates, per $1,000 Original Principal Amount -----------------
3) The amount of the distribution set forth in paragraph 1 above in respect 0.0000000000
of principal of the Class A Certificates, per $1,000 Original Principal Amount -----------------
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 0.0000000000
above, per $1,000 Original Principal Amount -----------------
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 0.0000000000
each Series 1995-3 Investor Certificateholder's Investment) -----------------
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 0.00
to all transactions on such Distribution Date -----------------
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 May 4.6100000000
17, 1999 per $1,000 Original Principal Amount. -----------------
</TABLE>
Page 14 of 41
<PAGE> 2
<TABLE>
<S> <C>
2) The amount of the distribution set forth in paragraph 1 above in respect 4.6100000000
of interest on the Class B Certificates, per $1,000 Original Principal Amount. -----------------
3) The amount of the distribution set forth in paragraph 1 above in respect 0.0000000000
of principal of the Class B Certificates, per $1,000 Original Principal Amount. -----------------
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 0.0000000000
above, per $1,000 Original Principal Amount -----------------
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 0.0000000000
each Series 1995-3 Investor Certificateholder's Investment) -----------------
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 0.00
to all transactions on such Distribution Date -----------------
E) The Available Collateral Amount as of the close of business on the preceding 73,500,000
Distribution Date (after giving effect to any withdrawal from the Collateral Account) was equal to -----------------
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 73,500,000
Distribution Date, will be equal to -----------------
</TABLE>
Page 15 of 41
<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 May 17,
1999, and with respect to the performance of the Trust during the month April,
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 May 17, 1999 12.8000000000
per $1,000 Original Principal Amount ----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 12.8000000000
on the Class A Certificates, per $1,000 Original Principal Amount ----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class A Certificates, per $1,000 Original Principal Amount ----------------------
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 May 17, 1999 128.0000000000
per $10,000 Original Principal Amount ----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 128.0000000000
on the Class A Certificates
----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class A Certificates ----------------------
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 May 17, 1999 1,280.0000000000
per $100,000 Original Principal Amount ----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 1,280.0000000000
on the Class A Certificates ----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class A Certificates ----------------------
</TABLE>
Page 16 of 41
<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 0.0000000000
Original Principal Amount ----------------------
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 0.0000000000
each Series 1996-1 Investor Certificateholder's Investment) ----------------------
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 0.0000000000
transactions on such Distribution Date ----------------------
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 May 17, 1999 4.6188888484
per $1,000 Original Principal Amount. ----------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 4.6188888484
on the Class B Certificates, per $1,000 Original Principal Amount. ----------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class B Certificates, per $1,000 Original Principal Amount. ----------------------
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 0.0000000000
Original Principal Amount ----------------------
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 0.0000000000
each Series 1996-1 Investor Certificateholder's Investment) ----------------------
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 0.0000000000
transactions on such Distribution Date ----------------------
G) The Available Collateral Amount as of the close of business on the preceding 59,150,000
Distribution Date (after giving effect to any withdrawal from the Collateral Account) was equal to ----------------------
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 59,150,000
Distribution Date, will be equal to ----------------------
</TABLE>
Page 17 of 41
<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 May 17,
1999, and with respect to the performance of the Trust during the month April,
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 May 17, 1999 4.4677777833
per $1,000 Original Principal Amount --------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 4.4677777833
on the Class A Certificates, per $1,000 Original Principal Amount --------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class A Certificates, per $1,000 Original Principal Amount --------------------
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 May 17, 1999 44.6777778333
per $10,000 Original Principal Amount --------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 44.6777778333
on the Class A Certificates --------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.00
of the Class A Certificates --------------------
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 May 17, 1999 446.7777783333
per $100,000 Original Principal Amount --------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 446.7777783333
on the Class A Certificates --------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class A Certificates --------------------
</TABLE>
Page 18 of 41
<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 0.0000000000
Original Principal Amount --------------------
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 0.0000000000
each Series 1996-2 Investor Certificateholder's --------------------
Investment)
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 0.00
transactions on such Distribution Date --------------------
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 May 17, 1999 4.6722221818
per $1,000 Original Principal Amount. --------------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 4.6722221818
on the Class B Certificates, per $1,000 Original Principal Amount. --------------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.00
of the Class B Certificates, per $1,000 Original Principal Amount. --------------------
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 0.0000000000
Original Principal Amount --------------------
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 0.0000000000
each Series 1996-2 Investor Certificateholder's Investment) --------------------
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 0.00
transactions on such Distribution Date --------------------
G) The Available Collateral Amount as of the close of business on the preceding 67,500,000
Distribution Date (after giving effect to any withdrawal from the Collateral Account) was equal to --------------------
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 67,500,000
Distribution Date, will be equal to --------------------
</TABLE>
Page 19 of 41
<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 May 17,
1999, and with respect to the performance of the Trust during the month April,
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 May 17, 1999 4.4855555500
per $1,000 Original Principal Amount ---------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 4.4855555500
on the Class A Certificates, per $1,000 Original Principal Amount ---------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class A Certificates, per $1,000 Original Principal Amount ---------------
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 0.0000000000
Original Principal Amount ---------------
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 0.0000000000
each Series 1996-3 Investor Certificateholder's Investment) ---------------
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 0.00
transactions on such Distribution Date ---------------
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 May 17, 1999 4.6988889091
per $1,000 Original Principal Amount ---------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 4.6988889091
on the Class B Certificates, per $1,000 Original Principal Amount ---------------
</TABLE>
Page 20 of 41
<PAGE> 2
<TABLE>
<S> <C>
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.00
of the Class B Certificates, per $1,000 Original Principal Amount ---------------
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 0.0000000000
Original Principal Amount ---------------
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 0.0000000000
each Series 1996-3 Investor Certificateholder's Investment) ---------------
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 0.00
transactions on such Distribution Date ---------------
E) The Available Collateral Amount as of the close of business on the preceding 45,000,000
Distribution Date (after giving effect to any withdrawal from the Collateral Account) was equal to ---------------
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 45,000,000
Distribution Date, will be equal to ---------------
</TABLE>
Page 21 of 41
<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 May 17,
1999, and with respect to the performance of the Trust during the month April,
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 May 17, 1999 0.0000000000
per $1,000 Original Principal Amount ------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 0.0000000000
on the Class A Certificates, per $1,000 Original Principal Amount ------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class A Certificates, per $1,000 Original Principal Amount ------------
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 May 17, 1999 0.0000000000
per $10,000 Original Principal Amount ------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 0.0000000000
on the Class A Certificates ------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class A Certificates ------------
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 May 17, 1999 0.0000000000
per $100,000 Original Principal Amount ------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 0.0000000000
on the Class A Certificates ------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class A Certificates ------------
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 41
<PAGE> 2
<TABLE>
<S> <C>
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000 0.0000000000
Original Principal Amount ---------------
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 0.0000000000
each Series 1997-1 Investor Certificateholder's Investment) ---------------
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 0.0000000000
transactions on such Distribution Date ---------------
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 May 17, 1999 4.6455555016
per $1,000 Original Principal Amount ---------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 4.6455555016
on the Class B Certificates, per $1,000 Original Principal Amount ---------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class B Certificates, per $1,000 Original Principal Amount ---------------
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 0.0000000000
Original Principal Amount ---------------
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 0.0000000000
each Series 1997-1 Investor Certificateholder's Investment) ---------------
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 0.0000000000
transactions on such Distribution Date ---------------
G) The Available Collateral Amount as of the close of business on the preceding
Distribution Date (after giving effect to any withdrawal from the 54,744,750
Collateral Account) was equal to ---------------
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 54,744,750
Distribution Date, will be equal to ---------------
</TABLE>
Page 23 of 41
<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 May 17,
1999, and with respect to the performance of the Trust during the month April,
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 May 17, 1999 12.6225000124
per $1,000 Original Principal Amount --------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 12.6225000124
on the Class A Certificates, per $1,000 Original Principal Amount --------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class A Certificates, per $1,000 Original Principal Amount --------------
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 May 17, 1999 126.2250001240
per $10,000 Original Principal Amount --------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 126.2250001240
on the Class A Certificates --------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class A Certificates --------------
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 May 17, 1999 1,262.2500012400
per $100,000 Original Principal Amount --------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 1,262.2500012400
on the Class A Certificates --------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class A Certificates --------------
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 41
<PAGE> 2
<TABLE>
<S> <C>
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000 0.0000000000
Original Principal Amount ------------
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 0.0000000000
each Series 1997-2 Investor Certificateholder's Investment) ------------
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 0.0000000000
transactions on such Distribution Date ------------
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 May 17, 1999 4.6455555983
per $1,000 Original Principal Amount ------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 4.6455555983
on the Class B Certificates, per $1,000 Original Principal Amount ------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class B Certificates, per $1,000 Original Principal Amount ------------
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 0.0000000000
Original Principal Amount ------------
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 0.0000000000
each Series 1997-2 Investor Certificateholder's Investment) ------------
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 0.0000000000
transactions on such Distribution Date ------------
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 May 17, 1999 4.8455555279
per $1,000 Original Principal Amount ------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 4.8455555279
on the Class C Certificates, per $1,000 Original Principal Amount ------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class C Certificates, per $1,000 Original Principal Amount ------------
</TABLE>
Page 25 of 41
<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 0.0000000000
Original Principal Amount ---------------
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 0.0000000000
each Series 1997-2 Investor Certificateholder's Investment) ---------------
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 0.0000000000
all transactions on such Distribution Date ---------------
I) The Available Collateral Amount as of the close of business on the preceding Distribution Date (after 55,243,375
giving effect to any withdrawal from the Collateral Account) was equal to ---------------
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 55,243,375
Distribution Date, will be equal to ---------------
</TABLE>
Page 26 of 41
<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 May 17,
1999, and with respect to the performance of the Trust during the month April,
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 May 17, 1999 5.2583333400
per $1,000 Original Principal Amount ------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 5.2583333400
on the Class A Certificates, per $1,000 Original Principal Amount ------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class A Certificates, per $1,000 Original Principal Amount ------------
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 0.0000000000
Original Principal Amount ------------
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 0.0000000000
each Series 1998-1 Investor Certificateholder's Investment) ------------
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 0.0000000000
transactions on such Distribution Date ------------
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 May 17, 1999 5.2966666187
per $1,000 Original Principal Amount ------------
</TABLE>
Page 27 of 41
<PAGE> 2
<TABLE>
<S> <C>
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 5.2966666187
on the Class B Certificates, per $1,000 Original Principal Amount ------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class B Certificates, per $1,000 Original Principal Amount ------------
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 0.0000000000
Original Principal Amount ------------
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 0.0000000000
each Series 1998-1 Investor Certificateholder's Investment) ------------
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 0.0000000000
transactions on such Distribution Date ------------
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 May 17, 1999 5.2233334548
per $1,000 Original Principal Amount ------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 5.2233334548
on the Class C Certificates, per $1,000 Original Principal Amount ------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class C Certificates, per $1,000 Original Principal Amount ------------
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 0.0000000000
Original Principal Amount ------------
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 0.0000000000
each Series 1998-1 Investor Certificateholder's Investment) ------------
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 0.0000000000
transactions on such Distribution Date ------------
</TABLE>
Page 28 of 41
<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 9,456,264.78
Collateral Account) was equal to ------------
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 9,456,264.78
Account and payments to the Class C Interest Holder on such Distribution Date, will be equal to ------------
</TABLE>
Page 29 of 41
<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 May 17,
1999, and with respect to the performance of the Trust during the month April,
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 May 17, 1999 0.0000000000
per $1,000 Original Principal Amount ------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 0.0000000000
on the Class A Certificates, per $1,000 Original Principal Amount ------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class A Certificates, per $1,000 Original Principal Amount ------------
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 0.0000000000
Original Principal Amount ------------
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 0.0000000000
each Series 1998-2 Investor Certificateholder's Investment) ------------
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 0.0000000000
transactions on such Distribution Date ------------
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 May 17, 1999 4.5122221820
per $1,000 Original Principal Amount ------------
</TABLE>
Page 30 of 41
<PAGE> 2
<TABLE>
<S> <C>
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 4.5122221820
on the Class B Certificates, per $1,000 Original Principal Amount ------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class B Certificates, per $1,000 Original Principal Amount ------------
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 0.0000000000
Original Principal Amount ------------
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 0.0000000000
each Series 1998-2 Investor Certificateholder's Investment) ------------
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 0.0000000000
transactions on such Distribution Date ------------
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 May 17, 1999 4.6900000643
per $1,000 Original Principal Amount ------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 4.6900000643
on the Class C Certificates, per $1,000 Original Principal Amount ------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class C Certificates, per $1,000 Original Principal Amount ------------
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 0.0000000000
Original Principal Amount ------------
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 0.0000000000
each Series 1998-2 Investor Certificateholder's Investment) ------------
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 0.0000000000
transactions on such Distribution Date ------------
</TABLE>
Page 31 of 41
<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 8,778,679.00
Collateral Account) was equal to ------------
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 8,778,679.00
C Interest Holder on such Distribution Date, will be equal to ------------
</TABLE>
Page 32 of 41
<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 May 17,
1999, and with respect to the performance of the Trust during the month April,
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 May 17, 1999 0.0000000000
per $1,000 Original Principal Amount ------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 0.0000000000
on the Class A Certificates, per $1,000 Original Principal Amount ------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class A Certificates, per $1,000 Original Principal Amount ------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's 0.0000000000
1) The amount of Class A Investor Charge Off's ------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000 0.0000000000
Original Principal Amount ------------
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 0.0000000000
Investment) ------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates 0.0000000000
exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date ------------
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 May 17, 1999 4.5833334193
per $1,000 Original Principal Amount ------------
</TABLE>
Page 33 of 41
<PAGE> 2
<TABLE>
<S> <C>
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 4.5833334193
on the Class B Certificates, per $1,000 Original Principal Amount ------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class B Certificates, per $1,000 Original Principal Amount ------------
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 0.0000000000
Original Principal Amount ------------
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 0.0000000000
Investment) ------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates 0.0000000000
exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date ------------
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 May 17, 1999 4.7788889971
per $1,000 Original Principal Amount ------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 4.7788889971
on the Class C Certificates, per $1,000 Original Principal Amount ------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class C Certificates, per $1,000 Original Principal Amount ------------
F) Class C Investor Charge Off's and Reimbursement of Charge Off's 0.0000000000
1) The amount of Class C Investor Charge Off's ------------
2) The amount of Class C Investor Charge Off's set forth in paragraph 1 above, per $1,000 0.0000000000
Original Principal Amount ------------
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 0.0000000000
Investment) ------------
5) The amount, if any, by which the outstanding principal balance of the Class C Certificates 0.0000000000
exceeds the Class C Invested Amount after giving effect to all transactions on such Distribution Date ------------
</TABLE>
Page 34 of 41
<PAGE> 3
<TABLE>
<S> <C>
G) The Available Cash Collateral Amount as of the close of business on the preceding Distribution Date (after 6,227,718.00
giving effect to any withdrawal from the Collateral Account) was equal to ------------
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 6,226,849.65
C Interest Holder on such Distribution Date, will be equal to ------------
</TABLE>
Page 35 of 41
<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 May 17,
1999, and with respect to the performance of the Trust during the month April,
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 May 17, 1999 4.5250000079
per $1,000 Original Principal Amount ------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 4.5250000079
on the Class A Certificates, per $1,000 Original Principal Amount ------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class A Certificates, per $1,000 Original Principal Amount ------------
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 0.0000000000
Original Principal Amount ------------
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 0.0000000000
Investment) ------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates 0.0000000000
exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date ------------
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 May 17, 1999 4.9566666667
per $1,000 Original Principal Amount. ------------
</TABLE>
Page 36 of 41
<PAGE> 2
<TABLE>
<S> <C>
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 4.9566666667
on the Class B Certificates, per $1,000 Original Principal Amount. ------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class B Certificates, per $1,000 Original Principal Amount. ------------
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 0.0000000000
Original Principal Amount ------------
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 0.0000000000
Investment) ------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates 0.0000000000
exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date ------------
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 May 17, 1999 5.4299289462
per $1,000 Original Principal Amount. ------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 5.4299289462
on the Class C Certificates, per $1,000 Original Principal Amount. ------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class C Certificates, per $1,000 Original Principal Amount. ------------
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 0.0000000000
Original Principal Amount ------------
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 0.0000000000
Investment) ------------
5) The amount, if any, by which the outstanding principal balance of the Class C Certificates 0.0000000000
exceeds the Class C Invested Amount after giving effect to all transactions on such Distribution Date ------------
</TABLE>
Page 37 of 41
<PAGE> 3
<TABLE>
<S> <C>
G) The Available Cash Collateral Amount as of the close of business on the preceding Distribution Date (after 9,375,000.00
giving effect to any withdrawal from the Collateral Account) was equal to ------------
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 9,375,000.00
C Interest Holder on such Distribution Date, will be equal to ------------
</TABLE>
Page 38 of 41
<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 May 17, 1999,
and with respect to the performance of the Trust during the month April, 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 4.5778553022
Payment Date is ------------
2) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
on the Series 1998-5 Certificate is ------------
3) The amount of the distribution set forth in paragraph 1 above in respect of interest 4.5778553022
on the Series 1998-5 Certificates ------------
4) The total amount of the distribution to Collateral Indebtedness Holder on the 5.0804626133
Payment Date is ------------
5) The amount of the distribution set forth in 4 above in respect to principal 0.0000000000
on the Collateral Indebtedness Interest is ------------
6) The amount of the distribution set forth in 4 above in respect to interest 5.0804626133
on the Collateral Indebtedness Interest is ------------
</TABLE>
Page 39 of 41
<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 May 17, 1999,
and with respect to the performance of the Trust during the month April, 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 0.0000000000
Payment Date is ------------
2) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
on the Series 1998-6 Certificate is ------------
3) The amount of the distribution set forth in paragraph 1 above in respect of interest 0.0000000000
on the Series 1998-6 Certificates ------------
4) The total amount of the distribution to Collateral Indebtedness Holder on the 0.0000000000
Payment Date is ------------
5) The amount of the distribution set forth in 4 above in respect to principal 0.0000000000
on the Collateral Indebtedness Interest is ------------
6) The amount of the distribution set forth in 4 above in respect to interest 0.0000000000
on the Collateral Indebtedness Interest is ------------
</TABLE>
Page 40 of 41
<PAGE> 1
CAPITAL ONE MASTER TRUST
TRUST EXCESS SPREAD ANALYSIS - APRIL-99
<TABLE>
<CAPTION>
Card Trust COMT 94-3 COMT 95-1 COMT 95-3 COMT 96-1* COMT 96-2
Deal Size $453MM $900MM $1050MM $845MM $750MM
Expected Maturity(Class A): 6/15/99 6/15/00 8/15/00 8/15/01 12/15/01
(NON-US
TRANSACTION)
- ------------------------------------------------------------------------------------------------------------
Excess Spread:
<S> <C> <C> <C> <C> <C>
Portfolio Yield 21.78% 21.78% 21.78% 21.78% 21.78%
LESS: (Wt Avg) Coupon 5.22% 5.03% 4.99% 5.03% 4.96%
SVC Fees 2.00% 2.00% 2.00% 1.50% 1.50%
Charge-Offs 4.23% 4.23% 4.23% 4.23% 4.23%
Excess Spread: Apr-99 10.33% 10.52% 10.56% 11.02% 11.09%
Mar-99 9.90% 10.11% 10.14% 10.62% 10.67%
Feb-99 9.65% 9.95% 9.99% 10.46% 10.52%
3-Mo Avg Excess Spread 9.96% 10.19% 10.23% 10.70% 10.76%
- ------------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.66% 1.66% 1.66% 1.66% 1.66%
60 to 89 days 1.08% 1.08% 1.08% 1.08% 1.08%
90+ days 2.07% 2.07% 2.07% 2.07% 2.07%
Monthly Payment Rate 12.59% 12.59% 12.59% 12.59% 12.59%
</TABLE>
<TABLE>
<CAPTION>
Card Trust COMT 96-3 COMT 97-1* COMT 97-2* COMT 98-1 COMT 98-2* COMT 98-3* COMT 98-4
Deal Size $500MM $608MM $502MM $591MM $502MM $464MM $750MM
Expected Maturity(Class A): 1/15/04 6/15/02 8/15/02 4/15/08 8/10/99 8/16/01 11/15/03
(NON-US (NON-US (NON-US (NON-US
TRANSACTION) TRANSACTION) TRANSACTION) TRANSACTION)
- -----------------------------------------------------------------------------------------------------------------------------------
Excess Spread:
<S> <C> <C> <C> <C> <C> <C> <C>
Portfolio Yield 21.78% 21.78% 21.78% 21.78% 21.78% 21.78% 21.78%
LESS: (Wt Avg) Coupon 5.00% 5.10% 4.98% 6.31% 4.76% 6.15% 5.56%
SVC Fees 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50%
Charge-Offs 4.23% 4.23% 4.23% 4.23% 4.23% 4.23% 4.23%
Excess Spread: Apr-99 11.05% 10.95% 11.07% 9.74% 11.29% 9.90% 10.49%
Mar-99 10.64% 10.55% 10.67% 9.41% 10.88% 9.75% 10.18%
Feb-99 10.49% 10.40% 10.51% 9.60% 10.72% 10.65% 10.43%
3-Mo Avg Excess Spread 10.73% 10.63% 10.75% 9.58% 10.96% 10.10% 10.37%
- -----------------------------------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.66% 1.66% 1.66% 1.66% 1.66% 1.66% 1.66%
60 to 89 days 1.08% 1.08% 1.08% 1.08% 1.08% 1.08% 1.08%
90+ days 2.07% 2.07% 2.07% 2.07% 2.07% 2.07% 2.07%
Monthly Payment Rate 12.59% 12.59% 12.59% 12.59% 12.59% 12.59% 12.59%
</TABLE>
* This material is for informational purposes only and is not an offer of
securities for sale in the United States. These securities will not be and have
not been registered under the Securities Act of 1933 and may not be offered or
sold in the United States absent registration or an applicable exemption from
the registration requirements.
COMMENTS:
Capital One Master Trust performance statistics are also available at the
Capital One web site: http://www.capitalone.com (Under "For Investors" section)
Page 41 of 41
