-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WXmx+Bt5o8X9jJJFSE0vkAa+GAANP0dQhymxONrC7hFZMfadH59qXCYGxU8gAxrC ZHTHp1H38CD78ubnU9fsLQ== 0000950133-97-004179.txt : 19971216 0000950133-97-004179.hdr.sgml : 19971216 ACCESSION NUMBER: 0000950133-97-004179 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19971215 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19971215 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAPITAL ONE MASTER TRUST CENTRAL INDEX KEY: 0000922869 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 541088621 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-25762 FILM NUMBER: 97738108 BUSINESS ADDRESS: STREET 1: 11013 W BROAD ST RD CITY: GLEN ALLEN STATE: VA ZIP: 23060 BUSINESS PHONE: 7032051000 MAIL ADDRESS: STREET 1: 11013 WEST BROAD ST RD CITY: GLEN ALLEN STATE: VA ZIP: 23060 FORMER COMPANY: FORMER CONFORMED NAME: SIGNET MASTER TRUST DATE OF NAME CHANGE: 19940509 8-K 1 CAPITAL ONE MASTER TRUST FORM 8-K 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: December 15, 1997 CAPITAL ONE MASTER TRUST CAPITAL ONE BANK (Exact name of registrant as specified in its charter) Virginia 0-25762 54-1719855 - ------------------------------- ------------- ------------------- (State or other jurisdiction of (Commission (IRS Employer incorporation) File Number) Identification No.) 11013 West Broad Street Road, Glen Allen, Virginia 23060 - -------------------------------------------------- ----------- (Address of principal executive offices) (Zip Code) (Registrant's telephone number, including area code): (804) 967-1000 (Former name or former address, if changed since last report): Not Applicable Page 1 of 34 2 ITEM 5. OTHER EVENTS. The November 1997 monthly Certificateholders Statements to investors were distributed December 15, 1997. ITEM 7 (C). EXHIBITS The following are filed as exhibits to this Report under Exhibit 20: 1. November Performance Summary 2. Series 1993-1 Class A and Class B Certificateholder's Statements for the month of November 1997. 3. Series 1993-4 Class A and Class B Certificateholder's Statements for the month of November 1997. 4. Series 1994-3 Class A and Class B Certificateholder's Statements for the month of November 1997. 5. Series 1994-A Certificateholders' Statement for the month of November 1997. 6. Series 1995-1 Class A and Class B Certificateholder's Statements for the month of November 1997. 7. Series 1995-2 Class A and Class B Certificateholder's Statements for the month of November 1997. 8. Series 1995-3 Class A and Class B Certificateholder's Statements for the month of November 1997. 9. Series 1995-4 Class A and Class B Certificateholder's Statements for the month of November 1997. 10. Series 1996-1 Class A and Class B Certificateholder's Statements for the month of November 1997. 11. Series 1996-2 Class A and Class B Certificateholder's Statements for the month of November 1997. 12. Series 1996-3 Class A and Class B Certificateholder's Statements for the month of November 1997. 13. Series 1997-1 Class A and Class B Certificateholder's Statements for the month of November 1997. 14. Series 1997-2 Class A and Class B Certificateholder's Statements for the month of November 1997.
Page 2 of 34 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 thereunto duly authorized. CAPITAL ONE MASTER TRUST By: CAPITAL ONE BANK Servicer By: /s/ David M. Willey ------------------------- David M. Willey Vice President Date: December 15, 1997 Page 3 of 34 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 34 5 INDEX TO EXHIBITS
SEQUENTIALLY EXHIBIT NUMBERED NUMBER EXHIBITS PAGE ------ -------- ------------ 1 November Performance Summary 07 2 Series 1993-1 Class A and Class B Certificate- holder's Statements for the month of November 1997 09 3 Series 1993-4 Class A and Class B Certificate- holder's Statements for the month of November 1997 11 4 Series 1994-3 Class A and Class B Certificate- holder's Statements for the month of November 1997 13 5 Series 1994-A Certificateholder's Statement for the month of November 1997 15 6 Series 1995-1 Class A and Class B Certificate- holder's Statements for the month of November 1997 16 7 Series 1995-2 Class A and Class B Certificate- holder's Statements for the month of November 1997 18 8 Series 1995-3 Class A and Class B Certificate- holder's Statements for the month of November 1997 20 9 Series 1995-4 Class A and Class B Certificate- holder's Statements for the month of November 1997 22 10 Series 1996-1 Class A and Class B Certificate- holder's Statements for the month of November 1997 24 11 Series 1996-2 Class A and Class B Certificate- holder's Statements for the month of November 1997 26
Page 5 of 34 6
12 Series 1996-3 Class A and Class B Certificate- holder's Statements for the month of November 1997 28 13 Series 1997-1 Class A and Class B Certificate- holder's Statements for the month of November 1997 30 14 Series 1997-2 Class A and Class B Certificate- holder's Statements for the month of November 1997 32
Page 6 of 34 7 CAPITAL ONE MASTER TRUST (RECEIVABLES) MONTHLY PERIOD : NOVEMBER 1997 Beginning of the Month Principal Receivables : 10,376,341,605.14 -------------------- Beginning of the Month Finance Charge Receivables : 327,481,087.91 -------------------- Beginning of the Month Discounted Receivables : 0.00 -------------------- Beginning of the Month Total Receivables : 10,703,822,693.05 -------------------- Removed Principal Receivables : 0.00 -------------------- Removed Finance Charge Receivables : 0.00 -------------------- Removed Total Receivables : 0.00 -------------------- Additional Principal Receivables : 635,166,734.86 -------------------- Additional Finance Charge Receivables : 2,368,174.27 -------------------- Additional Total Receivables : 637,534,909.13 -------------------- Discounted Receivables Generated this Period 0.00 -------------------- End of the Month Principal Receivables : 10,081,060,304.58 -------------------- End of the Month Finance Charge Receivables : 327,146,607.65 -------------------- End of the Month Discounted Receivables : 0.00 -------------------- End of the Month Total Receivables : 10,408,206,912.23 -------------------- Excess Funding Account Balance 0.00 -------------------- Adjusted Invested Amount of all Master Trust Series 9,022,105,250.35 -------------------- End of the Month Seller Percentage 10.504402% -------------------- CAPITAL ONE MASTER TRUST (DELINQUENCIES AND LOSSES) MONTHLY PERIOD : NOVEMBER 1997 ACCOUNTS RECEIVABLES -------- ----------- End of the Month Delinquencies: 30 - 59 Days Delinquent 195,156 268,599,239.49 ------------------- -------------------- 60 - 89 Days Delinquent 83,811 147,119,541.41 ------------------- -------------------- 90 + Days Delinquent 188,293 345,512,470.05 ------------------- -------------------- Total 30 + Days Delinquent 467,260 761,231,250.95 ------------------- -------------------- Delinquencies 30 + Days as a Percent of End of the Month Total Receivables 7.31% -------------------- Defaulted Accounts During the Month 43,714 68,271,624.90 ------------------- -------------------- Annualized Default Rate as a Percent of Beginning of the Month Principal Receivables 7.90% --------------------
Page 7 of 34 8 CAPITAL ONE MASTER TRUST (COLLECTIONS) MONTHLY PERIOD : NOVEMBER 1997 COLLECTIONS PERCENTAGES ----------- ----------- Total Collections and Gross Payment Rate 1,051,754,186.90 9.83% ------------------- -------------------- Collections of Principal Receivables and Principal Payment Rate 860,289,083.05 8.29% ------------------- -------------------- Prior Month Billed Finance Charge and Fees 171,492,605.53 ------------------- Amortized AMF Income 9,810,770.01 ------------------- Interchange Collected 6,541,318.70 ------------------- Recoveries of Charged Off Accounts 5,576,707.41 ------------------- Collections of Discounted Receivables 0.00 ------------------- Collections of Finance Charge Receivables and Annualized Yield 193,421,401.65 22.37% ------------------- -------------------- CAPITAL ONE MASTER TRUST (AMF COLLECTIONS) MONTHLY PERIOD : NOVEMBER 1997 Beginning Unamortized AMF Balance 52,959,428.59 -------------------- + AMF Slug for Added Accounts 168,973.16 ------------------- + AMF Collections 7,854,472.21 ------------------- - Amortized AMF Income 9,810,770.01 ------------------- Ending Unamortized AMF Balance 51,172,103.95 -------------------- CAPITAL ONE MASTER TRUST (DISCOUNTED RECEIVABLES) MONTHLY PERIOD : NOVEMBER 1997 Gross Principal Payment Rate 8.29% ------------------- 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 --------------------
/s/ Douglas C.H. Adamson ----------------------------- Douglas C.H. Adamson Securitization Manager Page 8 of 34 9 FORM OF MONTHLY STATEMENT CAPITAL ONE MASTER TRUST SERIES 1993-1 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 December 15, 1997, and with respect to the performance of the Trust during the month November, 1997 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) 1) The total amount of the distribution to Class A Certificateholders on December 15, 1997 per $1,000 Original Principal Amount 4.3333333333 --------------------- 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 4.3333333333 --------------------- 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 of 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 1993-1 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 December 15, 1997 per $1,000 Original Principal Amount 4.5000000000 --------------------- 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 4.5000000000 ---------------------
Page 9 of 34 10 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 0.0000000000 --------------------- 3) The total amount of 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 1993-1 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 0.00 ---------------------
CAPITAL ONE BANK as Servicer By : /s/ Douglas C.H.Adamson -------------------------------- Name : Douglas C.H. Adamson Title : Securitization Manager Page 10 of 34 11 FORM OF MONTHLY STATEMENT CAPITAL ONE MASTER TRUST SERIES 1993-4 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 December 15, 1997, and with respect to the performance of the Trust during the month November, 1997 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) 1) The total amount of the distribution to Class A Certificateholders on December 15, 1997 per $1,000 Original Principal Amount 4.6180555501 --------------------- 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 4.6180555501 --------------------- 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 of 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 1993-4 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 0.00 --------------------- 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 December 15, 1997 per $1,000 Original Principal Amount 4.8333332967 ---------------------
Page 11 of 34 12 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 4.8333332967 --------------------- 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 0.0000000000 --------------------- 3) The total amount of 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 1993-4 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 0.00 ---------------------
CAPITAL ONE BANK as Servicer By : /s/ Douglas C.H.Adamson ------------------------------- Name : Douglas C.H. Adamson Title : Securitization Manager Page 12 of 34 13 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 December 15, 1997, and with respect to the performance of the Trust during the month November, 1997 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) 1) The total amount of the distribution to Class A Certificateholders on December 15, 1997 per $1,000 Original Principal Amount 4.5791666573 --------------------- 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 4.5791666573 --------------------- 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 of 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 1994-3 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 December 15, 1997 per $1,000 Original Principal Amount 6.1250001228 ---------------------
Page 13 of 34 14 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 6.1250001228 --------------------- 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 0.0000000000 --------------------- 3) The total amount of 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 1994-3 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 0.00 --------------------- 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 54,303,682 --------------------- 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 54,303,682 ---------------------
Page 14 of 34 15 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 December 15, 1997, and with respect to the performance of the Trust during the month November, 1997 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 1) The total amount of the distribution to Series 1994-A Certificateholders on the Payment Date is 4.5673968600 --------------------- 2) The amount of the distribution set forth in paragraph 1 above in respect of principal on the Series 1994-A Certificate is 0.0000000000 --------------------- 3) The amount of the distribution set forth in paragrah 1 above in respect of interest on the Series 1994-A Certificates 4.5673968600 --------------------- 4) The total amount of the distribution to Collateral Indebtedness Holder on the 1.3116776300 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 distributioin set forth in 4 above in respect to interest 1.3116776300 on the Collateral Indebtedness Interest is ---------------------
Page 15 of 34 16 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 December 15, 1997, and with respect to the performance of the Trust during the month November, 1997 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) 1) The total amount of the distribution to Class A Certificateholders on December 15, 1997 per $1,000 Original Principal Amount 4.5713888889 --------------------- 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 4.5713888889 --------------------- 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 of 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 December 15, 1997 per $1,000 Original Principal Amount 4.6569444444 ---------------------
Page 16 of 34 17 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 4.6569444444 --------------------- 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 0.0000000000 --------------------- 3) The total amount of 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) 0.0000000000 --------------------- 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 0.00 --------------------- 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 ---------------------
Page 17 of 34 18 FORM OF MONTHLY STATEMENT CAPITAL ONE MASTER TRUST SERIES 1995-2 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 December 15, 1997, and with respect to the performance of the Trust during the month November, 1997 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) 1) The total amount of the distribution to Class A Certificateholders on December 15, 1997 per $1,000 Original Principal Amount 4.5091666667 --------------------- 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 4.5091666667 --------------------- 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 December 15, 1997 45.0916666667 --------------------- 2) The amount of the distribution set forth in paragraph 1 above in respect of interest on the Class A Certificates 45.0916666667 --------------------- 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 December 15, 1997 450.9166666667 --------------------- 2) The amount of the distribution set forth in paragraph 1 above in respect of interest on the Class A Certificates 450.9166666667 --------------------- 3) The amount of the distribution set forth in paragraph 1 above in respect of principal of the Class A Certificates 0.0000000000 ---------------------
Page 18 of 34 19 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 of 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 1995-2 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 0.00 --------------------- 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 December 15, 1997 per $1,000 Original Principal Amount 4.5947222564 --------------------- 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 4.5947222564 --------------------- 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 0.00 --------------------- 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 of 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 1995-2 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 0.00 --------------------- 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 26,250,000 --------------------- 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 26,250,000 ---------------------
Page 19 of 34 20 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 December 15, 1997, and with respect to the performance of the Trust during the month November, 1997 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) 1) The total amount of the distribution to Class A Certificateholders on December 15, 1997 per $1,000 Original Principal Amount 4.5402777738 --------------------- 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 4.5402777738 --------------------- 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 of 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 December 15, 1997 per $1,000 Original Principal Amount 4.6258333333 ---------------------
Page 20 of 34 21 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 4.6258333333 --------------------- 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 0.0000000000 --------------------- 3) The total amount of 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) 0.0000000000 --------------------- 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 0.00 --------------------- 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 --------------------- 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 ---------------------
Page 21 of 34 22 FORM OF MONTHLY STATEMENT CAPITAL ONE MASTER TRUST SERIES 1995-4 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 December 15, 1997, and with respect to the performance of the Trust during the month November, 1997 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) 1) The total amount of the distribution to Class A Certificateholders on December 15, 1997 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 0.00 ------------------- 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 of 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 1995-4 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 0.00 ------------------- 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 December 15, 1997 per $1,000 Original Principal Amount. 4.5791666667 -------------------
Page 22 of 34 23 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. 4.5791666667 ------------------- 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 0.0000000000 ------------------- 3) The total amount of 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 1995-4 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 0.00 ------------------- 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 46,996,425 ------------------- 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 45,114,750 -------------------
Page 23 of 34 24 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 December 15, 1997, and with respect to the performance of the Trust during the month November, 1997 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) 1) The total amount of the distribution to Class A Certificateholders on December 15, 1997 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 December 15, 1997 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 December 15, 1997 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 -------------------
Page 24 of 34 25 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 of 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 December 15, 1997 per $1,000 Original Principal Amount. 4.6336111061 ------------------- 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. 4.6336111061 ------------------- 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 of 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 -------------------
Page 25 of 34 26 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 December 15, 1997, and with respect to the performance of the Trust during the month November, 1997 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) 1) The total amount of the distribution to Class A Certificateholders on December 15, 1997 per $1,000 Original Principal Amount 4.5013888833 ------------------- 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 4.5013888833 ------------------- 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 December 15, 1997 per $10,000 Original Principal Amount 45.0138888333 ------------------- 2) The amount of the distribution set forth in paragraph 1 above in respect of interest on the Class A Certificates 45.0138888333 ------------------- 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 December 15, 1997 per $100,000 Original Principal Amount 450.1388883333 ------------------- 2) The amount of the distribution set forth in paragraph 1 above in respect of interest on the Class A Certificates 450.1388883333 ------------------- 3) The amount of the distribution set forth in paragraph 1 above in respect of principal of the Class A Certificates 0.0000000000 -------------------
Page 26 of 34 27 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 of 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) 0.0000000000 ------------------- 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 ------------------- 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 December 15, 1997 per $1,000 Original Principal Amount. 4.6802778182 ------------------- 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. 4.6802778182 ------------------- 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 ------------------- 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 Original Principal Amount 0.0000000000 ------------------- 3) The total amount of 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 1996-2 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 0.00 ------------------- 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 -------------------
Page 27 of 34 28 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 December 15, 1997, and with respect to the performance of the Trust during the month November, 1997 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) 1) The total amount of the distribution to Class A Certificateholders on December 15, 1997 per $1,000 Original Principal Amount 4.5169444500 ------------------- 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 4.5169444500 ------------------- 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 of 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 December 15, 1997 per $1,000 Original Principal Amount. 4.7036110909 ------------------- 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. 4.7036110909 -------------------
Page 28 of 34 29 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 0.00 ------------------- 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 of 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 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 0.00 ------------------- 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 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 -------------------
Page 29 of 34 30 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 December 15, 1997, and with respect to the performance of the Trust during the month November, 1997 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) 1) The total amount of the distribution to Class A Certificateholders on December 15, 1997 per $1,000 Original Principal Amount 14.3798958325 ------------------- 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 14.3798958325 ------------------- 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 December 15, 1997 per $10,000 Original Principal Amount 143.7989583250 ------------------- 2) The amount of the distribution set forth in paragraph 1 above in respect of interest on the Class A Certificates 143.7989583250 ------------------- 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 December 15, 1997 per $100,000 Original Principal Amount 1,437.9895832500 ------------------- 2) The amount of the distribution set forth in paragraph 1 above in respect of interest on the Class A Certificates 1,437.9895832500 ------------------- 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 -------------------
Page 30 of 34 31 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 of 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 December 15, 1997 per $1,000 Original Principal Amount. 4.6569444891 ------------------- 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. 4.6569444891 ------------------- 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 of 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 -------------------
Page 31 of 34 32 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 December 15, 1997, and with respect to the performance of the Trust during the month November, 1997 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) 1) The total amount of the distribution to Class A Certificateholders on December 15, 1997 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 December 15, 1997 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 December 15, 1997 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 -------------------
Page 32 of 34 33 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 of 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 December 15, 1997 per $1,000 Original Principal Amount. 4.6569444752 ------------------- 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. 4.6569444752 ------------------- 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 of 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) 1) The total amount of the distribution to Class C Certificateholders on December 15, 1997 per $1,000 Original Principal Amount. 4.8319444237 ------------------- 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. 4.8319444237 ------------------- 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 -------------------
Page 33 of 34 34 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 Original Principal Amount 0.0000000000 ------------------- 3) The total amount of 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 ------------------- 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 45,199,125 ------------------- H) 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 45,199,125 -------------------
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