Exhibit 20.22

	>CAPITAL ONE MASTER TRUST
	>Trust Excess Spread Analysis
	>Oct-03
Card Trust			COMT 96-3	COMT 98-1
Deal Size			$500MM	$591MM
Expected Maturity(Class A):			1/15/2004	4/15/2008
Portfolio Yield			19.27%	19.27%
LESS:	(Wt Avg) Coupon		1.13%	6.04%
	SVC Fees		1.50%	1.50%
	Net Charge-Offs		4.67%	4.67%
Excess Spread:		Oct-03	11.97%	7.06%
		Sep-03	11.83%	7.12%
		Aug-03	11.90%	7.10%
3-Mo Avg Excess Spread			11.90%	7.09%
Delinquents:	30 to 59 days		1.50%	1.50%
	60 to 89 days		1.06%	1.06%
	90+ days		2.45%	2.45%
Gross Monthly Payment Rate			16.58%	16.58%
	>CAPITAL ONE MASTER TRUST
	>Trust Excess Spread Analysis
	>Oct-03
Card Trust			COMT 98-4	COMT 99-1
Deal Size			$750MM	$625MM
Expected Maturity(Class A):			11/15/2003	05/15/2004
Portfolio Yield			19.27%	19.27%
LESS:	(Wt Avg) Coupon		4.93%	1.57%
	SVC Fees		1.50%	1.50%
	Net Charge-Offs		4.67%	4.67%
Excess Spread:		Oct-03	8.17%	11.53%
		Sep-03	8.24%	11.33%
		Aug-03	8.22%	11.41%
3-Mo Avg Excess Spread			8.21%	11.42%
Delinquents:	30 to 59 days		1.50%	1.50%
	60 to 89 days		1.06%	1.06%
	90+ days		2.45%	2.45%
Gross Monthly Payment Rate			16.58%	16.58%

Page 49 of 54

	>CAPITAL ONE MASTER TRUST
	>Trust Excess Spread Analysis
	>Oct-03
Card Trust			COMT 99-3	COMT 00-2
Deal Size			$500MM	$750MM
Expected Maturity(Class A):			7/17/2006	06/15/2005
Portfolio Yield			19.27%	19.27%
LESS:	(Wt Avg) Coupon		1.73%	7.26%
	SVC Fees		1.50%	2.00%
	Net Charge-Offs		4.67%	4.67%
Excess Spread:		Oct-03	11.37%	5.33%
		Sep-03	11.16%	5.38%
		Aug-03	11.25%	5.37%
3-Mo Avg Excess Spread			11.26%	5.36%
Delinquents:	30 to 59 days		1.50%	1.50%
	60 to 89 days		1.06%	1.06%
	90+ days		2.45%	2.45%
Gross Monthly Payment Rate			16.58%	16.58%
	>CAPITAL ONE MASTER TRUST
	>Trust Excess Spread Analysis
	>Oct-03
Card Trust			COMT 00-3	COMT 00-4
Deal Size			$1000MM	$1200MM
Expected Maturity(Class A):			08/15/2007	10/17/2005
Portfolio Yield			19.27%	19.27%
LESS:	(Wt Avg) Coupon		1.74%	5.85%
	SVC Fees		2.00%	2.00%
	Net Charge-Offs		4.67%	4.67%
Excess Spread:		Oct-03	10.85%	6.75%
		Sep-03	10.64%	6.83%
		Aug-03	10.73%	6.81%
3-Mo Avg Excess Spread			10.74%	6.80%
Delinquents:	30 to 59 days		1.50%	1.50%
	60 to 89 days		1.06%	1.06%
	90+ days		2.45%	2.45%
Gross Monthly Payment Rate			16.58%	16.58%

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	>CAPITAL ONE MASTER TRUST
	>Trust Excess Spread Analysis
	>Oct-03
Card Trust			COMT 01-1	COMT 01-2
Deal Size			$1200MM	$1200MM
Expected Maturity(Class A):			2/15/2008	3/15/2006
Portfolio Yield			19.27%	19.27%
LESS:	(Wt Avg) Coupon		1.25%	4.91%
	SVC Fees		2.00%	2.00%
	Net Charge-Offs		4.67%	4.67%
Excess Spread:		Oct-03	11.34%	7.69%
		Sep-03	11.21%	7.77%
		Aug-03	11.27%	7.75%
3-Mo Avg Excess Spread			11.27%	7.74%
Delinquents:	30 to 59 days		1.50%	1.50%
	60 to 89 days		1.06%	1.06%
	90+ days		2.45%	2.45%
Gross Monthly Payment Rate			16.58%	16.58%
	>CAPITAL ONE MASTER TRUST
	>Trust Excess Spread Analysis
	>Oct-03
Card Trust			COMT 01-3	COMT 01-4
Deal Size			$750MM	$1000MM
Expected Maturity(Class A):			5/15/2006	6/15/2004
Portfolio Yield			19.27%	19.27%
LESS:	(Wt Avg) Coupon		4.93%	1.21%
	SVC Fees		2.00%	2.00%
	Net Charge-Offs		4.67%	4.67%
Excess Spread:		Oct-03	7.67%	11.39%
		Sep-03	7.74%	11.25%
		Aug-03	7.72%	11.31%
3-Mo Avg Excess Spread			7.71%	11.32%
Delinquents:	30 to 59 days		1.50%	1.50%
	60 to 89 days		1.06%	1.06%
	90+ days		2.45%	2.45%
Gross Monthly Payment Rate			16.58%	16.58%

Page 51 of 54

	>CAPITAL ONE MASTER TRUST
	>Trust Excess Spread Analysis
	>Oct-03
Card Trust			COMT 01-5	COMT 01-6
Deal Size			$1000MM	$1300MM
Expected Maturity(Class A):			8/15/2006	8/15/2008
Portfolio Yield			19.27%	19.27%
LESS:	(Wt Avg) Coupon		4.80%	1.58%
	SVC Fees		2.00%	2.00%
	Net Charge-Offs		4.67%	4.67%
Excess Spread:		Oct-03	7.80%	11.02%
		Sep-03	7.87%	10.83%
		Aug-03	7.85%	10.91%
3-Mo Avg Excess Spread			7.84%	10.92%
Delinquents:	30 to 59 days		1.50%	1.50%
	60 to 89 days		1.06%	1.06%
	90+ days		2.45%	2.45%
Gross Monthly Payment Rate			16.58%	16.58%
	>CAPITAL ONE MASTER TRUST
	>Trust Excess Spread Analysis
	>Oct-03
Card Trust			COMT 01-7	COMT 01-8
Deal Size			$1000MM	$1000MM
Expected Maturity(Class A):			10/15/2004	10/16/2006
Portfolio Yield			19.27%	19.27%
LESS:	(Wt Avg) Coupon		3.58%	4.23%
	SVC Fees		2.00%	2.00%
	Net Charge-Offs		4.67%	4.67%
Excess Spread:		Oct-03	9.02%	8.37%
		Sep-03	9.09%	8.44%
		Aug-03	9.07%	8.42%
3-Mo Avg Excess Spread			9.06%	8.41%
Delinquents:	30 to 59 days		1.50%	1.50%
	60 to 89 days		1.06%	1.06%
	90+ days		2.45%	2.45%
Gross Monthly Payment Rate			16.58%	16.58%

Page 52 of 54

	>CAPITAL ONE MASTER TRUST
	>Trust Excess Spread Analysis
	>Oct-03
Card Trust			COMT 02-1	COMT 02-2
Deal Size			$985MM	$620MM
Expected Maturity(Class A):			1/15/2009	3/15/2007
Portfolio Yield			19.27%	19.27%
LESS:	(Wt Avg) Coupon		1.28%	1.22%
	SVC Fees		2.00%	2.00%
	Net Charge-Offs		4.67%	4.67%
Excess Spread:		Oct-03	11.31%	11.38%
		Sep-03	11.18%	11.24%
		Aug-03	11.24%	11.31%
3-Mo Avg Excess Spread			11.25%	11.31%
Delinquents:	30 to 59 days		1.50%	1.50%
	60 to 89 days		1.06%	1.06%
	90+ days		2.45%	2.45%
Gross Monthly Payment Rate			16.58%	16.58%
	>CAPITAL ONE MASTER TRUST
	>Trust Excess Spread Analysis
	>Oct-03
Card Trust			COMT 02-3	COMT 02-4
Deal Size			$1350MM	$750MM
Expected Maturity(Class A):			4/15/2005	5/15/2007
Portfolio Yield			19.27%	19.27%
LESS:	(Wt Avg) Coupon		1.42%	4.51%
	SVC Fees		2.00%	2.00%
	Net Charge-Offs		4.67%	4.67%
Excess Spread:		Oct-03	11.18%	8.09%
		Sep-03	11.00%	8.17%
		Aug-03	11.08%	8.15%
3-Mo Avg Excess Spread			11.08%	8.14%
Delinquents:	30 to 59 days		1.50%	1.50%
	60 to 89 days		1.06%	1.06%
	90+ days		2.45%	2.45%
Gross Monthly Payment Rate			16.58%	16.58%

Page 53 of 54

>CAPITAL ONE MASTER TRUST

 (*) 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.

Capital One Master Trust performance statistics are also available at the

Capital One web site:

http://www.capitalone.com/about/invest/financials/abs.shtml

Page 54 of 54