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) May 17, 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 May 17, 2001 the Capital One Master Trust issued its Class A 5.45% Asset Backed Certificates, Series 2001-3 and its Class B Floating Rate Asset Backed Certificates, Series 2001-3.
Item 6.	Not Applicable.
Item 7.	Exhibits.
	The following is filed as Exhibits to this Report under Exhibit 4.1.
Exhibit 4.1 Series 2001-3 Supplement dated May 17, 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/ Thomas A. Feil
Name:   Thomas A. Feil
Title:   Director of Securitization

EXHIBIT INDEX

Exhibit		Description
4.1	Series 2001-3 Supplement dated May 17, 2001.