<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: February 15, 2000
CAPITAL ONE MASTER TRUST
CAPITAL ONE BANK
(Exact name of registrant as specified in its charter)
<TABLE>
<S> <C> <C>
Virginia 0-25762 54-1719855
- ------------------------------------------ ------------- --------------------
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
11013 West Broad Street Road, Glen Allen, Virginia 23060
- -------------------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
</TABLE>
(Registrant's telephone number, including area code):
(804) 967-1000
(Former name or former address, if changed since last report):
Not Applicable
Page 1 of 37
<PAGE> 2
ITEM 5. OTHER EVENTS
The January 2000 monthly Certificateholder's Statements to
investors were distributed February 15, 2000.
ITEM 7 (c). EXHIBITS
The following are filed as exhibits to this Report under Exhibit
20:
1. January Performance Summary
2. Series 1995-1 Class A and Class B Certificateholder's
Statements for the month of January 2000.
3. Series 1995-3 Class A and Class B Certificateholder's
Statements for the month of January 2000.
4. Series 1996-1 Class A and Class B Certificateholder's
Statements for the month of January 2000.
5. Series 1996-2 Class A and Class B Certificateholder's
Statements for the month of January 2000.
6. Series 1996-3 Class A and Class B Certificateholder's
Statements for the month of January 2000.
7. Series 1997-1 Class A and Class B Certificateholder's
Statements for the month of January 2000.
8. Series 1997-2 Class A and Class B Certificateholder's
Statements for the month of January 2000.
9. Series 1998-1 Class A and Class B Certificateholder's
Statements for the month of January 2000.
10. Series 1998-3 Class A and Class B Certificateholder's
Statements for the month of January 2000.
11. Series 1998-4 Class A and Class B Certificateholder's
Statements for the month of January 2000.
12. Series 1999-1 Class A and Class B Certificateholder's
Statements for the month of January 2000
13. Series 1999-2 Class A and Class B Certificateholder's
Statements for the month of January 2000
14. Series 1999-3 Class A and Class B Certificateholder's
Statements for the month of January 2000
15. Trust Excess Spread Analysis
Page 2 of 37
<PAGE> 3
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 Willey
-----------------------------------
David M. Willey
Senior Vice President of Corporate
Financial Management
Date: February 15, 2000
Page 3 of 37
<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 37
<PAGE> 5
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
SEQUENTIALLY
EXHIBIT NUMBERED
NUMBER EXHIBITS PAGE
- ------- -------- ------------
<S> <C>
1 January Performance Summary 06
2 Series 1995-1 Class A and Class B Certificate-
holder's Statements for the month of January 2000 08
3 Series 1995-3 Class A and Class B Certificate-
holder's Statements for the month of January 2000 10
4 Series 1996-1 Class A and Class B Certificate-
holder's Statements for the month of January 2000 12
5 Series 1996-2 Class A and Class B Certificate-
holder's Statements for the month of January 2000 14
6 Series 1996-3 Class A and Class B Certificate-
holder's Statements for the month of January 2000 16
7 Series 1997-1 Class A and Class B Certificate-
holder's Statements for the month of January 2000 18
8 Series 1997-2 Class A and Class B Certificate-
holder's Statements for the month of January 2000 20
9 Series 1998-1 Class A and Class B Certificate-
holder's Statements for the month of January 2000 23
10 Series 1998-3 Class A and Class B Certificate-
holder's Statements for the month of January 2000 26
11 Series 1998-4 Class A and Class B Certificate-
holder's Statements for the month of January 2000 29
12 Series 1999-1 Class A and Class B Certificate-
holder's Statements for the month of January 2000 31
13 Series 1999-2 Class A and Class B Certificate-
holder's Statements for the month of January 2000 33
14 Series 1999-3 Class A and Class B Certificate-
holder's Statements for the month of January 2000 35
15 Trust Excess Spread Analysis 37
</TABLE>
Page 5 of 37
<PAGE> 1
CAPITAL ONE MASTER TRUST (RECEIVABLES)
MONTHLY PERIOD: JANUARY 2000
<TABLE>
<S> <C> <C>
Beginning of the Month Principal Receivables: 11,523,177,750.60
-------------------
Beginning of the Month Finance Charge Receivables: 414,989,785.96
-------------------
Beginning of the Month Discounted Receivables: 0.00
-------------------
Beginning of the Month Total Receivables: 11,938,167,536.56
-------------------
Removed Principal Receivables: 0.00
-------------------
Removed Finance Charge Receivables: 0.00
-------------------
Removed Total Receivables: 0.00
-------------------
Additional Principal Receivables: 0.00
-------------------
Additional Finance Charge Receivables: 0.00
-------------------
Additional Total Receivables: 0.00
-------------------
Discounted Receivables Generated this Period 0.00
-------------------
End of the Month Principal Receivables: 11,127,301,470.57
-------------------
End of the Month Finance Charge Receivables: 417,664,614.67
-------------------
End of the Month Discounted Receivables: 0.00
-------------------
End of the Month Total Receivables: 11,544,966,085.24
-------------------
Excess Funding Account Balance 0.00
-------------------
Adjusted Invested Amount of all Master Trust Series 9,832,976,677.68
-------------------
End of the Month Seller Percentage 11.63%
-------------------
<CAPTION>
CAPITAL ONE MASTER TRUST (DELINQUENCIES AND LOSSES)
MONTHLY PERIOD: JANUARY 2000 ACCOUNTS RECEIVABLES
--------- -----------
<S> <C> <C>
End of the Month Delinquencies:
30 - 59 Days Delinquent 195,301.00 209,392,705.93
------------------- -------------------
60 - 89 Days Delinquent 113,287.00 134,100,082.29
------------------- -------------------
90 + Days Delinquent 209,247.00 270,181,940.30
------------------- -------------------
Total 30 + Days Delinquent 517,835.00 613,674,728.52
------------------- -------------------
Delinquencies 30 + Days as a Percent of End of the Month Total Receivables 5.32%
-------------------
Defaulted Accounts During the Month 52,145.00 48,973,901.48
------------------- -------------------
Annualized Default Rate as a Percent of Beginning of the Month Principal Receivables 5.10%
-------------------
</TABLE>
Page 6 of 37
<PAGE> 2
CAPITAL ONE MASTER TRUST (COLLECTIONS)
<TABLE>
<CAPTION>
MONTHLY PERIOD: JANUARY 2000 COLLECTIONS PERCENTAGES
----------- -----------
<S> <C> <C>
Total Collections and Gross Payment Rate 1,821,786,749.41 15.26%
------------------- -------------------
Collections of Principal Receivables and Principal Payment Rate 1,578,524,712.34 13.70%
------------------- -------------------
Prior Month Billed Finance Charge and Fees 188,109,771.52
-------------------
Amortized AMF Income 15,812,895.54
-------------------
Interchange Collected 16,926,227.13
-------------------
Recoveries of Charged Off Accounts 15,438,819.68
-------------------
Collections of Discounted Receivables 0.00
-------------------
Collections of Finance Charge Receivables and Annualized Yield 236,287,713.87 24.61%
------------------- -------------------
CAPITAL ONE MASTER TRUST (AMF COLLECTIONS)
MONTHLY PERIOD: JANUARY 2000
Beginning Unamortized AMF Balance 81,794,312.11
-------------------
+ AMF Slug for Added Accounts 0.00
-------------------
+ AMF Collections 22,787,218.74
-------------------
- - Amortized AMF Income 15,812,895.54
-------------------
Ending Unamortized AMF Balance 88,768,635.31
-------------------
</TABLE>
/s/ Charles Kim
-------------------------------
Charles Kim
Securitization Manager
Page 7 of 37
<PAGE> 1
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1995-1
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information which
is required to be prepared with respect to the Distribution Date of February 15,
2000, and with respect to the performance of the Trust during the month January,
2000 is set forth below. Certain of the information is presented on the basis of
an original principal amount of $1,000 per investor Certificate (a
"Certificate"). Certain other information is presented based on the aggregate
amounts for the Trust as a whole. Capitalized terms used in this Certificate
have their respective meanings set forth in the Pooling and Servicing Agreement.
<TABLE>
<S> <C>
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on February 15, 2000
per $1,000 Original Principal Amount 4.6530555556
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect
of interest on the Class A Certificates, per $1,000 Original Principal Amount 4.6530555556
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect
of principal of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
-----------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.00
-----------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1
above, per $1,000 Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Class A Investor Charge Off's 0.00
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1995-1 Investor Certificateholder's
Investment) 0.0000000000
-----------------
5) The amount, if any, by which the outstanding principal balance of the
Class A Certificates exceeds the Class A Invested Amount after giving effect to all
transactions on such Distribution Date 0.00
-----------------
C) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on February 15, 2000
per $1,000 Original Principal Amount. 4.7386111111
-----------------
</TABLE>
Page 8 of 37
<PAGE> 2
<TABLE>
<S> <C>
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 4.7386111111
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
-----------------
D) Class B Investor Charge Off's and Reimbursement of Charge Off's
0.00
-----------------
1) The amount of Class B Investor Charge Off's
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Class B Investor Charge Off's
0.00
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1995-1 Investor Certificateholder's Investment) 0.00
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date 0.00
-----------------
E) The Available Collateral Amount as of the close of business on the preceding Distribution Date (after
giving effect to any withdrawal from the Collateral Account) was equal to 99,000,000
-----------------
F) The Required Collateral Amount as of the close of business on such Distribution Date, after
giving effect to any withdrawal from the Collateral Account and payments to the Collateral
Indebtedness Holder on such Distribution Date, will be equal to 99,000,000
-----------------
</TABLE>
Page 9 of 37
<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 February 15,
2000, and with respect to the performance of the Trust during the month January,
2000 is set forth below. Certain of the information is presented on the basis of
an original principal amount of $1,000 per investor Certificate (a
"Certificate"). Certain other information is presented based on the aggregate
amounts for the Trust as a whole. Capitalized terms used in this Certificate
have their respective meanings set forth in the Pooling and Servicing Agreement.
<TABLE>
<S> <C>
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on February 15, 2000
per $1,000 Original Principal Amount 4.6219444405
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 4.6219444405
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
-----------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.00
-----------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Class A Investor Charge Off's 0.00
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1995-3 Investor Certificateholder's Investment) 0.0000000000
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date 0.00
-----------------
C) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on February 15, 2000
per $1,000 Original Principal Amount. 4.7075000000
-----------------
</TABLE>
Page 10 of 37
<PAGE> 2
<TABLE>
<S> <C>
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 4.7075000000
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
-----------------
D) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.00
-----------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.00
-----------------
3) The total amount reimbursed to the Trust in respect of Class B Investor Charge Off's 0.00
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1995-3 Investor Certificateholder's
Investment) 0.00
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date 0.00
-----------------
E) The Available Collateral Amount as of the close of business on the preceding Distribution Date (after
giving effect to any withdrawal from the Collateral Account) was equal to 73,500,000.00
-----------------
F) The Required Collateral Amount as of the close of business on such
Distribution Date, after giving effect to any withdrawal from the Collateral
Account and payments to the Collateral Indebtedness Holder on such
Distribution Date, will be equal to 73,500,000.00
-----------------
</TABLE>
Page 11 of 37
<PAGE> 1
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1996-1
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information which
is required to be prepared with respect to the Distribution Date of February 15,
2000, and with respect to the performance of the Trust during the month January,
2000 is set forth below. Certain of the information is presented on the basis of
an original principal amount of $1,000 per investor Certificate (a
"Certificate"). Certain other information is presented based on the aggregate
amounts for the Trust as a whole. Capitalized terms used in this Certificate
have their respective meanings set forth in the Pooling and Servicing Agreement.
<TABLE>
<S> <C>
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on February 15, 2000
per $1,000 Original Principal Amount 15.8188888757
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 15.8188888757
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
-----------------
B) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $10,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on February 15, 2000
per $10,000 Original Principal Amount 158.1888887574
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 158.1888887574
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates 0.0000000000
-----------------
C) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $100,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on February 15, 2000
per $100,000 Original Principal Amount 1,581.8888875740
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 1,581.8888875740
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates 0.0000000000
-----------------
</TABLE>
Page 12 of 37
<PAGE> 2
<TABLE>
<S> <C>
D) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.0000000000
-----------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Class A Investor Charge Off's 0.0000000000
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1996-1 Investor Certificateholder's Investment) 0.0000000000
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date 0.0000000000
-----------------
E) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on February 15, 2000
per $1,000 Original Principal Amount. 4.7152777424
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 4.7152777424
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
-----------------
F) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.0000000000
-----------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Class B Investor Charge Off's 0.0000000000
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1996-1 Investor Certificateholder's Investment) 0.0000000000
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date 0.0000000000
-----------------
G) The Available Collateral Amount as of the close of business on the preceding Distribution Date (after
giving effect to any withdrawal from the Collateral Account) was equal to 59,150,000
-----------------
H) The Required Collateral Amount as of the close of business on such
Distribution Date, after giving effect to any withdrawal from the Collateral
Account and payments to the Collateral Indebtedness Holder on such
Distribution Date, will be equal to 59,150,000
-----------------
</TABLE>
Page 13 of 37
<PAGE> 1
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1996-2
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information which
is required to be prepared with respect to the Distribution Date of February 15,
2000, and with respect to the performance of the Trust during the month January,
2000 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.
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
<TABLE>
<S> <C>
1) The total amount of the distribution to Class A Certificateholders on February 15, 2000
per $1,000 Original Principal Amount 4.5830555500
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 4.5830555500
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
-----------------
B) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $10,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on February 15, 2000
per $10,000 Original Principal Amount 45.8305555000
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 45.8305555000
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates 0.00
-----------------
C) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $100,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on February 15, 2000
per $100,000 Original Principal Amount 458.3055550000
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 458.3055550000
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates 0.0000000000
-----------------
</TABLE>
Page 14 of 37
<PAGE> 2
<TABLE>
<S> <C>
D) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.00
-----------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Class A Investor Charge Off's 0.00
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1996-2 Investor Certificateholder's
Investment) 0.00
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date 0.00
-----------------
E) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount) 0.0000000000
-----------------
1) The total amount of the distribution to Class B Certificateholders on February 15, 2000
per $1,000 Original Principal Amount. 4.7619444848
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 4.7619444848
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect
of principal of the Class B Certificates, per $1,000 Original Principal
Amount.
F) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.0000000000
-----------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.00
-----------------
3) The total amount reimbursed to the Trust in respect of Class B Investor Charge Off's 0.0000000000
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1996-2 Investor Certificateholder's
Investment) 0.00
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date 0.0000000000
-----------------
G) The Available Collateral Amount as of the close of business on the preceding Distribution Date (after
giving effect to any withdrawal from the Collateral Account) was equal to 67,500,000
-----------------
H) The Required Collateral Amount as of the close of business on such
Distribution Date, after giving effect to any withdrawal from the Collateral
Account and payments to the Collateral Indebtedness Holder on such
Distribution Date, will be equal to 67,500,000
-----------------
</TABLE>
Page 15 of 37
<PAGE> 1
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1996-3
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information which
is required to be prepared with respect to the Distribution Date of February 15,
2000, and with respect to the performance of the Trust during the month January,
2000 is set forth below. Certain of the information is presented on the basis of
an original principal amount of $1,000 per investor Certificate (a
"Certificate"). Certain other information is presented based on the aggregate
amounts for the Trust as a whole. Capitalized terms used in this Certificate
have their respective meanings set forth in the Pooling and Servicing Agreement.
<TABLE>
<S> <C>
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on February 15, 2000
per $1,000 Original Principal Amount 4.5986111000
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 4.5986111000
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
-----------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.00
-----------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Class A Investor Charge Off's 0.00
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1996-3 Investor Certificateholder's
Investment) 0.0000000000
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date 0.00
-----------------
C) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on February 15, 2000
per $1,000 Original Principal Amount. 4.7852778182
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 4.7852778182
-----------------
</TABLE>
Page 16 of 37
<PAGE> 2
<TABLE>
<S> <C>
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.00
-----------------
D) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.0000000000
-----------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Class B Investor Charge Off's 0.0000000000
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1996-3 Investor Certificateholder's Investment) 0.0000000000
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date 0.0000000000
-----------------
E) The Available Collateral Amount as of the close of business on the preceding Distribution Date (after
giving effect to any withdrawal from the Collateral Account) was equal to 45,000,000
-----------------
F) The Required Collateral Amount as of the close of business on such
Distribution Date, after giving effect to any withdrawal from the Collateral
Account and payments to the Collateral Indebtedness Holder on such
Distribution Date, will be equal to 45,000,000
-----------------
</TABLE>
Page 17 of 37
<PAGE> 1
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1997-1
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information which
is required to be prepared with respect to the Distribution Date of February 15,
2000, and with respect to the performance of the Trust during the month January,
2000 is set forth below. Certain of the information is presented on the basis of
an original principal amount of $1,000 per investor Certificate (a
"Certificate"). Certain other information is presented based on the aggregate
amounts for the Trust as a whole. Capitalized terms used in this Certificate
have their respective meanings set forth in the Pooling and Servicing Agreement.
<TABLE>
<S> <C>
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on February 15, 2000
per $1,000 Original Principal Amount 0.0000000000
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
-----------------
B) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $10,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on February 15, 2000
per $10,000 Original Principal Amount 0.0000000000
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 0.0000000000
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates 0.0000000000
-----------------
C) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $100,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on February 15, 2000
per $100,000 Original Principal Amount 0.0000000000
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 0.0000000000
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates 0.0000000000
-----------------
D) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.0000000000
-----------------
</TABLE>
Page 18 of 37
<PAGE> 2
<TABLE>
<S> <C>
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Class A Investor Charge Off's 0.0000000000
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1997-1 Investor Certificateholder's Investment) 0.0000000000
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date 0.0000000000
-----------------
E) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on February 15, 2000
per $1,000 Original Principal Amount. 4.7386110499
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 4.7386110499
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
-----------------
F) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.0000000000
-----------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Class B Investor Charge Off's 0.0000000000
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1997-1 Investor Certificateholder's Investment) 0.0000000000
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date 0.0000000000
-----------------
G) The Available Collateral Amount as of the close of business on the preceding Distribution Date (after
giving effect to any withdrawal from the Collateral Account) was equal to 54,744,750
-----------------
H) The Required Collateral Amount as of the close of business on such
Distribution Date, after giving effect to any withdrawal from the Collateral
Account and payments to the Collateral Indebtedness Holder on such
Distribution Date, will be equal to 54,744,750
-----------------
</TABLE>
Page 19 of 37
<PAGE> 1
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1997-2
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information which
is required to be prepared with respect to the Distribution Date of February 15,
2000, and with respect to the performance of the Trust during the month January,
2000 is set forth below. Certain of the information is presented on the basis of
an original principal amount of $1,000 per investor Certificate (a
"Certificate"). Certain other information is presented based on the aggregate
amounts for the Trust as a whole. Capitalized terms used in this Certificate
have their respective meanings set forth in the Pooling and Servicing Agreement.
<TABLE>
<S> <C>
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on February 15, 2000
per $1,000 Original Principal Amount 15.6374444334
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 15.6374444334
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
-----------------
B) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $10,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on February 15, 2000
per $10,000 Original Principal Amount 156.3744443340
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 156.3744443340
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates 0.0000000000
-----------------
C) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $100,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on February 15, 2000
per $100,000 Original Principal Amount 1,563.7444433400
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates 1,563.7444433400
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates 0.0000000000
-----------------
</TABLE>
Page 20 of 37
<PAGE> 2
<TABLE>
<S> <C>
D) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.0000000000
-----------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Class A Investor Charge Off's 0.0000000000
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1997-2 Investor Certificateholder's Investment) 0.0000000000
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date 0.0000000000
-----------------
E) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on February 15, 2000
per $1,000 Original Principal Amount. 4.7386111004
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 4.7386111004
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
-----------------
F) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.0000000000
-----------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Class B Investor Charge Off's 0.0000000000
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1997-2 Investor Certificateholder's Investment) 0.0000000000
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class B
Certificates exceeds the Class B Invested Amount after giving effect to all transactions
on such Distribution Date 0.0000000000
-----------------
G) Information Regarding Distributions to the Class C Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount) 0.0000000000
-----------------
1) The total amount of the distribution to Class C Certificateholders on February 15, 2000
per $1,000 Original Principal Amount. 4.9136110489
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class C Certificates, per $1,000 Original Principal Amount. 4.9136110489
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class C Certificates, per $1,000 Original Principal Amount. 0.0000000000
-----------------
H) Class C Investor Charge Off's and Reimbursement of Charge Off's
</TABLE>
Page 21 of 37
<PAGE> 3
<TABLE>
<S> <C>
1) The amount of Class C Investor Charge Off's 0.0000000000
-----------------
2) The amount of Class C Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Class C Investor Charge Off's 0.0000000000
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1997-2 Investor Certificateholder's Investment) 0.0000000000
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class C
Certificates exceeds the Class C Invested Amount after giving effect to all transactions
on such Distribution Date 0.0000000000
-----------------
I) The Available Collateral Amount as of the close of business on the preceding Distribution Date (after
giving effect to any withdrawal from the Collateral Account) was equal to 55,243,375
-----------------
J) The Required Collateral Amount as of the close of business on the upcoming
Distribution Date, after giving effect to any withdrawal from the Collateral
Account and payments to the Class C Interest Holder on such
Distribution Date, will be equal to 55,243,375
-----------------
</TABLE>
Page 22 of 37
<PAGE> 1
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1998-1
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information which
is required to be prepared with respect to the Distribution Date of February 15,
2000, and with respect to the performance of the Trust during the month January,
2000 is set forth below. Certain of the information is presented on the basis of
an original principal amount of $1,000 per investor Certificate (a
"Certificate"). Certain other information is presented based on the aggregate
amounts for the Trust as a whole. Capitalized terms used in this Certificate
have their respective meanings set forth in the Pooling and Servicing Agreement.
<TABLE>
<S> <C>
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on February 15, 2000
per $1,000 Original Principal Amount 5.2583333400
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 5.2583333400
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
-----------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.0000000000
-----------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Class A Investor Charge Off's 0.0000000000
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1998-1 Investor Certificateholder's Investment) 0.0000000000
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date 0.0000000000
-----------------
C) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount) 0.0000000000
-----------------
1) The total amount of the distribution to Class B Certificateholders on February 15, 2000
per $1,000 Original Principal Amount. 5.2966666187
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 5.2966666187
-----------------
</TABLE>
Page 23 of 37
<PAGE> 2
<TABLE>
<S> <C>
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
-----------------
D) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.0000000000
-----------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Class B Investor Charge Off's 0.0000000000
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1998-1 Investor Certificateholder's Investment) 0.0000000000
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class B
Certificates exceeds the Class B Invested Amount after giving effect to all transactions
on such Distribution Date 0.0000000000
-----------------
E) Information Regarding Distributions to the Class C Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount) 0.0000000000
-----------------
1) The total amount of the distribution to Class C Certificateholders on February 15, 2000
per $1,000 Original Principal Amount. 5.2441666338
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class C Certificates, per $1,000 Original Principal Amount. 5.2441666338
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class C Certificates, per $1,000 Original Principal Amount. 0.0000000000
-----------------
F) Class C Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class C Investor Charge Off's 0.0000000000
-----------------
2) The amount of Class C Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Class C Investor Charge Off's 0.0000000000
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1998-1 Investor Certificateholder's Investment) 0.0000000000
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class C
Certificates exceeds the Class C Invested Amount after giving effect to all transactions
on such Distribution Date 0.0000000000
-----------------
</TABLE>
Page 24 of 37
<PAGE> 3
<TABLE>
<S> <C>
G) The Available Cash Collateral Amount as of the close of business on the
preceding Distribution Date (after giving effect to any withdrawal from the Collateral
Account) was equal to 9,456,264.78
-----------------
H) The Required Cash Collateral Amount as of the close of business on the
upcoming Distribution Date, after giving effect to any withdrawal from the Cash
Collateral Account and payments to the Class C Interest Holder on such
Distribution Date, will be equal to 9,456,264.78
-----------------
</TABLE>
Page 25 of 37
<PAGE> 1
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1998-3
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information which
is required to be prepared with respect to the Distribution Date of February 15,
2000, and with respect to the performance of the Trust during the month January,
2000 is set forth below. Certain of the information is presented on the basis of
an original principal amount of $1,000 per investor Certificate (a
"Certificate"). Certain other information is presented based on the aggregate
amounts for the Trust as a whole. Capitalized terms used in this Certificate
have their respective meanings set forth in the Pooling and Servicing Agreement.
<TABLE>
<S> <C>
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on February 15, 2000
per $1,000 Original Principal Amount 0.0000000000
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
-----------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.0000000000
-----------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Class A Investor Charge Off's 0.0000000000
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1998-3 Investor Certificateholder's Investment) 0.0000000000
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
</TABLE>
Page 26 of 37
<PAGE> 2
<TABLE>
<S> <C>
exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date 0.0000000000
-----------------
C) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount) 0.0000000000
-----------------
1) The total amount of the distribution to Class B Certificateholders on February 15, 2000
per $1,000 Original Principal Amount. 4.6841667741
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 4.6841667741
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
-----------------
D) Class B Investor Charge Off's and Reimbursement of Charge Off's 0.0000000000
-----------------
1) The amount of Class B Investor Charge Off's 0.0000000000
-----------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Class B Investor Charge Off's 0.0000000000
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1998-3 Investor Certificateholder's Investment) 0.0000000000
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date 0.0000000000
-----------------
E) Information Regarding Distributions to the Class C Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount) 0.0000000000
-----------------
1) The total amount of the distribution to Class C Certificateholders on February 15, 2000
per $1,000 Original Principal Amount. 4.8552777388
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class C Certificates, per $1,000 Original Principal Amount. 4.8552777388
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class C Certificates, per $1,000 Original Principal Amount. 0.0000000000
-----------------
F) Class C Investor Charge Off's and Reimbursement of Charge Off's
</TABLE>
Page 27 of 37
<PAGE> 3
<TABLE>
<S> <C>
1) The amount of Class C Investor Charge Off's 0.0000000000
-----------------
2) The amount of Class C Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Class C Investor Charge Off's 0.0000000000
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1998-3 Investor Certificateholder's Investment) 0.0000000000
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class C Certificates
exceeds the Class C Invested Amount after giving effect to all transactions on such Distribution Date 0.0000000000
-----------------
G) The Available Cash Collateral Amount as of the close of business on the
preceding Distribution Date (after giving effect to any withdrawal from the Collateral Account)
was equal to 6,227,718.00
-----------------
H) The Required Cash Collateral Amount as of the close of business on the
upcoming Distribution Date, after giving effect to any withdrawal from the Cash
Collateral Account and payments to the Class C Interest Holder on such
Distribution Date, will be equal to 6,226,849.65
-----------------
</TABLE>
Page 28 of 37
<PAGE> 1
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1998-4
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information which
is required to be prepared with respect to the Distribution Date of February 15,
2000, and with respect to the performance of the Trust during the month January,
2000 is set forth below. Certain of the information is presented on the basis of
an original principal amount of $1,000 per investor Certificate (a
"Certificate"). Certain other information is presented based on the aggregate
amounts for the Trust as a whole. Capitalized terms used in this Certificate
have their respective meanings set forth in the Pooling and Servicing Agreement.
<TABLE>
<S> <C>
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on February 15, 2000
per $1,000 Original Principal Amount 4.5250000079
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 4.5250000079
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
-----------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.0000000000
-----------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Class A Investor Charge Off's 0.0000000000
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1998-4 Investor Certificateholder's Investment) 0.0000000000
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class A
Certificates exceeds the Class A Invested Amount after giving effect to all transactions
on such Distribution Date 0.0000000000
-----------------
C) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount) 0.0000000000
-----------------
1) The total amount of the distribution to Class B Certificateholders on February 15, 2000
per $1,000 Original Principal Amount. 5.0108333333
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 5.0108333333
-----------------
</TABLE>
Page 29 of 37
<PAGE> 2
<TABLE>
<S> <C>
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
-----------------
D) Class B Investor Charge Off's and Reimbursement of Charge Off's 0.0000000000
-----------------
1) The amount of Class B Investor Charge Off's 0.0000000000
-----------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Class B Investor Charge Off's 0.0000000000
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1998-4 Investor Certificateholder's Investment) 0.0000000000
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class B
Certificates exceeds the Class B Invested Amount after giving effect to all transactions on
such Distribution Date 0.0000000000
-----------------
E) Information Regarding Distributions to the Class C Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount) 0.0000000000
-----------------
1) The total amount of the distribution to Class C Certificateholders on February 15, 2000
per $1,000 Original Principal Amount. 5.4334933333
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class C Certificates, per $1,000 Original Principal Amount. 5.4334933333
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class C Certificates, per $1,000 Original Principal Amount. 0.0000000000
-----------------
F) Class C Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class C Investor Charge Off's 0.0000000000
-----------------
2) The amount of Class C Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Class C Investor Charge Off's 0.0000000000
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1998-4 Investor Certificateholder's Investment) 0.0000000000
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class C
Certificates exceeds the Class C Invested Amount after giving effect to all transactions on
such Distribution Date 0.0000000000
-----------------
G) The Available Cash Collateral Amount as of the close of business on the
preceding Distribution Date (after giving effect to any withdrawal from the Collateral Account)
was equal to 9,375,000.00
-----------------
H) The Required Cash Collateral Amount as of the close of business on the
upcoming Distribution Date, after giving effect to any withdrawal from the Cash
Collateral Account and payments to the Class C Interest Holder on such
Distribution Date, will be equal to 9,375,000.00
-----------------
</TABLE>
Page 30 of 37
<PAGE> 1
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1999-1
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information which
is required to be prepared with respect to the Distribution Date of February 15,
2000, and with respect to the performance of the Trust during the month January,
2000 is set forth below. Certain of the information is presented on the basis of
an original principal amount of $1,000 per investor Certificate (a
"Certificate"). Certain other information is presented based on the aggregate
amounts for the Trust as a whole. Capitalized terms used in this Certificate
have their respective meanings set forth in the Pooling and Servicing Agreement.
<TABLE>
<S> <C>
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on February 15, 2000
per $1,000 Original Principal Amount 4.6141666600
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 4.6141666600
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
-----------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.0000000000
-----------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Class A Investor Charge Off's 0.0000000000
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1999-1 Investor Certificateholder's Investment) 0.0000000000
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date 0.0000000000
-----------------
C) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount) 0.0000000000
-----------------
1) The total amount of the distribution to Class B Certificateholders on February 15, 2000
per $1,000 Original Principal Amount. 4.7697222400
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 4.7697222400
-----------------
</TABLE>
Page 31 of 37
<PAGE> 2
<TABLE>
<S> <C>
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
-----------------
D) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.0000000000
-----------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Class B Investor Charge Off's 0.0000000000
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1999-1 Investor Certificateholder's Investment) 0.0000000000
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class B
Certificates exceeds the Class B Invested Amount after giving effect to all transactions on
such Distribution Date 0.0000000000
-----------------
E) Information Regarding Distributions to the Collateral Interest Holder
(Stated on the Basis of $1,000 Original Principal Amount) 0.0000000000
-----------------
1) The total amount of the distribution to Collateral Interest Holder on
0 per $1,000 Original Principal Amount. 5.5000000000
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Collateral Interest, per $1,000 Original Principal Amount. 5.5000000000
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Collateral Interest, per $1,000 Original Principal Amount. 0.0000000000
-----------------
F) Collateral Interest Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Collateral Interest Investor Charge Off's 0.0000000000
-----------------
2) The amount of Collateral Interest Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Collateral Interest Investor Charge Off's 0.0000000000
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount 0.0000000000
-----------------
</TABLE>
Page 32 of 37
<PAGE> 1
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1999-2
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information which
is required to be prepared with respect to the Distribution Date of February 15,
2000, and with respect to the performance of the Trust during the month January,
2000 is set forth below. Certain of the information is presented on the basis of
an original principal amount of $1,000 per investor Certificate (a
"Certificate"). Certain other information is presented based on the aggregate
amounts for the Trust as a whole. Capitalized terms used in this Certificate
have their respective meanings set forth in the Pooling and Servicing Agreement.
<TABLE>
<S> <C>
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on February 15, 2000
per $1,000 Original Principal Amount 4.6025000000
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 4.6025000000
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
-----------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.0000000000
-----------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Class A Investor Charge Off's 0.0000000000
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1999-2 Investor Certificateholder's Investment) 0.0000000000
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date 0.0000000000
-----------------
C) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount) 0.0000000000
-----------------
1) The total amount of the distribution to Class B Certificateholders on February 15, 2000
per $1,000 Original Principal Amount. 4.7425000000
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 4.7425000000
-----------------
</TABLE>
Page 33 of 37
<PAGE> 2
<TABLE>
<S> <C>
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
-----------------
D) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.0000000000
-----------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Class B Investor Charge Off's 0.0000000000
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1999-2 Investor Certificateholder's Investment) 0.0000000000
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date 0.0000000000
-----------------
E) Information Regarding Distributions to the Collateral Interest Holder
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Collateral Interest Holder on
per $1,000 Original Principal Amount. 4.9719444800
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Collateral Interest, per $1,000 Original Principal Amount. 4.9719444800
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Collateral Interest, per $1,000 Original Principal Amount. 0.0000000000
-----------------
F) Collateral Interest Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Collateral Interest Investor Charge Off's 0.0000000000
-----------------
2) The amount of Collateral Interest Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Collateral Interest Investor Charge Off's 0.0000000000
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount 0.0000000000
-----------------
</TABLE>
Page 34 of 37
<PAGE> 1
FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1999-3
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One as Servicer is required to prepare certain information each month regarding
current distributions to Certificateholders and the performance of the Capital
One Master Trust (the "Trust") during the previous month. The information which
is required to be prepared with respect to the Distribution Date of February 15,
2000, and with respect to the performance of the Trust during the month January,
2000 is set forth below. Certain of the information is presented on the basis of
an original principal amount of $1,000 per investor Certificate (a
"Certificate"). Certain other information is presented based on the aggregate
amounts for the Trust as a whole. Capitalized terms used in this Certificate
have their respective meanings set forth in the Pooling and Servicing Agreement.
<TABLE>
<S> <C>
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on February 15, 2000
per $1,000 Original Principal Amount 4.6997222250
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class A Certificates, per $1,000 Original Principal Amount 4.6997222250
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class A Certificates, per $1,000 Original Principal Amount 0.0000000000
-----------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.0000000000
-----------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Class A Investor Charge Off's 0.0000000000
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1999-3 Investor Certificateholder's Investment) 0.0000000000
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date 0.0000000000
-----------------
C) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on February 15, 2000
per $1,000 Original Principal Amount. 4.8786112000
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Class B Certificates, per $1,000 Original Principal Amount. 4.8786112000
-----------------
</TABLE>
Page 35 of 37
<PAGE> 2
<TABLE>
<S> <C>
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Class B Certificates, per $1,000 Original Principal Amount. 0.0000000000
-----------------
D) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.0000000000
-----------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Class B Investor Charge Off's 0.0000000000
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal
Amount (which will have the effect of increasing, pro rata, the amount of
each Series 1999-3 Investor Certificateholder's Investment) 0.0000000000
-----------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date 0.0000000000
-----------------
E) Information Regarding Distributions to the Collateral Interest Holder
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Collateral Interest Holder on
per $1,000 Original Principal Amount. 6.0416666000
-----------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest
on the Collateral Interest, per $1,000 Original Principal Amount. 6.0416666000
-----------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal
of the Collateral Interest, per $1,000 Original Principal Amount. 0.0000000000
-----------------
F) Collateral Interest Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Collateral Interest Investor Charge Off's 0.0000000000
-----------------
2) The amount of Collateral Interest Investor Charge Off's set forth in paragraph 1 above, per $1,000
Original Principal Amount 0.0000000000
-----------------
3) The total amount reimbursed to the Trust in respect of Collateral Interest Investor Charge Off's 0.0000000000
-----------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount 0.0000000000
-----------------
</TABLE>
Page 36 of 37
<PAGE> 1
CAPITAL ONE MASTER TRUST
TRUST EXCESS SPREAD ANALYSIS - JANUARY-00
<TABLE>
<CAPTION>
Card Trust COMT 95-1 COMT 95-3 COMT 96-1* COMT 96-2 COMT 96-3 COMT 97-1*
Deal Size $900MM $1050MM $845MM $750MM $500MM $608MM
Expected Maturity(Class A): 6/15/00 8/15/00 8/15/01 12/15/01 1/15/04 6/15/02
(NON-US (NON-US
TRANSACTION) TRANSACTION)
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Excess Spread:
Portfolio Yield 23.00% 23.00% 23.00% 23.00% 23.00% 23.00%
LESS: (Wt Avg) Coupon 6.16% 6.13% 6.33% 6.10% 6.13% 6.26%
SVC Fees 2.00% 2.00% 1.50% 1.50% 1.50% 1.50%
Charge-Offs 3.49% 3.49% 3.49% 3.49% 3.49% 3.49%
Excess Spread: Jan-00 11.35% 11.38% 11.68% 11.91% 11.88% 11.75%
Dec-99 12.57% 12.61% 13.45% 13.14% 13.11% 13.52%
Nov-99 12.72% 12.75% 12.76% 13.28% 13.25% 13.32%
3-Mo Avg Excess Spread 12.21% 12.25% 12.63% 12.78% 12.75% 12.86%
- ----------------------------------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.81% 1.81% 1.81% 1.81% 1.81% 1.81%
60 to 89 days 1.16% 1.16% 1.16% 1.16% 1.16% 1.16%
90+ days 2.34% 2.34% 2.34% 2.34% 2.34% 2.34%
Monthly Payment Rate 15.26% 15.26% 15.26% 15.26% 15.26% 15.26%
Card Trust COMT 97-2* COMT 98-1 COMT 98-3* COMT 98-4 COMT 99-1 COMT 99-2 COMT 99-3
Deal Size $502MM $591MM $464MM $750MM $625MM $625MM $500MM
Expected Maturity(Class A): 8/15/02 4/15/08 8/16/2001 11/15/2003 5/15/2004 5/15/2002 7/15/2006
(NON-US (NON-US
TRANSACTION) TRANSACTION)
- ----------------------------------------------------------------------------------------------------------------------------------
Excess Spread:
Portfolio Yield 23.00% 23.00% 23.00% 23.00% 23.00% 23.00% 23.00%
LESS: (Wt Avg) Coupon 6.28% 6.31% 5.51% 5.56% 6.21% 6.13% 6.38%
SVC Fees 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50%
Charge-Offs 3.49% 3.49% 3.49% 3.49% 3.49% 3.49% 3.49%
Excess Spread: Jan-00 11.73% 11.70% 12.50% 12.45% 11.80% 11.88% 11.63%
Dec-99 13.50% 13.07% 12.72% 13.63% 13.22% 13.11% 13.06%
Nov-99 12.81% 12.55% 13.02% 13.29% 13.18% 13.25% 13.01%
3-Mo Avg Excess Spread 12.68% 12.44% 12.75% 13.12% 12.73% 12.75% 12.57%
- ----------------------------------------------------------------------------------------------------------------------------------
Delinquents: 30 to 59 days 1.81% 1.81% 1.81% 1.81% 1.81% 1.81% 1.81%
60 to 89 days 1.16% 1.16% 1.16% 1.16% 1.16% 1.16% 1.16%
90+ days 2.34% 2.34% 2.34% 2.34% 2.34% 2.34% 2.34%
Monthly Payment Rate 15.26% 15.26% 15.26% 15.26% 15.26% 15.26% 15.26%
</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 37 of 37
