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 (Date of earliest event reported) August 22, 2001.

                       Capital One Bank                        
(Originator and Servicer of the Capital One Master Trust)
on behalf of the
                  Capital One Master Trust                   
(Exact name of registrant as specified in its charter)

                  Virginia                   
(State or Other Jurisdiction of
Incorporation)               0-23750              
(Commission File Number)     54-1719855                   
(IRS Employer Identification
Number)

11013 West Broad Street
             Glenn Allen, Virginia             
(Address of Principal Executive Office)   23060  
(Zip Code)

Registrant's telephone number, including area code (804) 967-1000

                                                 N/A                                                 
(Former Name or Former Address, if Changed Since Last Report)

INFORMATION TO BE INCLUDED IN THE REPORT

Item 1.	Not Applicable.
Item 2.	Not Applicable.
Item 3.	Not Applicable.
Item 4.	Not Applicable.
Item 5.	On August 22, 2001 the Capital One Master Trust issued its Class A 5.30% Asset Backed Certificates, Series 2001-5 and its Class B Floating Rate Asset Backed Certificates, Series 2001-5.
Item 6.	Not Applicable.
Item 7.	Exhibits.
	The following is filed as Exhibits to this Report under Exhibit 4.1.
Exhibit 4.1         Series 2001-5 Supplement dated August 22, 2001.
Item 8.	Not Applicable.

SIGNATURES

                      Pursuant to the requirements of the Securities Exchange Act of 1934, the Capital One Bank as Servicer of and on behalf of the Capital One Master Trust has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CAPITAL ONE MASTER TRUST
By:	CAPITAL ONE BANK, as Servicer
By: /s/ Bonnie A. Seideman
Name:	Bonnie A. Seideman
Title:	Manager of Securitization

EXHIBIT INDEX

Exhibit	Description
4.1	Series 2001-5 Supplement dated August, 2001.