Exhibit 20.1

CAPITAL ONE MASTER TRUST (RECEIVABLES) *
MONTHLY PERIOD : February 2004
Beginning of the Month Principal Receivables :			33,327,898,723.76
Beginning of the Month Finance Charge Receivables :			1,025,375,435.29
Beginning of the Month Discounted Receivables :			0.00
Beginning of the Month Total Receivables :			34,353,274,159.05
Removed Principal Receivables :			0.00
Removed Finance Charge Receivables :			0.00
Removed Total Receivables :			0.00
Additional Principal Receivables :			693,114,618.68
Additional Finance Charge Receivables :			985,073.48
Additional Total Receivables :			694,099,692.16
Discounted Receivables Generated this Period			0.00
End of the Month Principal Receivables :			33,298,466,861.51
End of the Month Finance Charge Receivables :			914,800,526.00
End of the Month Discounted Receivables :			0.00
End of the Month Total Receivables :			34,213,267,387.51
Excess Funding Account Balance			0.00
Adjusted Invested Amount of all Master Trust Series			28,257,708,585.10
End of the Month Seller Percentage			15.14%
CAPITAL ONE MASTER TRUST (DELINQUENCIES AND LOSSES)
MONTHLY PERIOD : February 2004		ACCOUNTS	RECEIVABLES
End of the Month Delinquencies :
	30 - 59 Days Delinquent	406,953	482,059,676.95
	60 - 89 Days Delinquent	262,871	337,532,005.68
	90 + Days Delinquent	525,079	773,649,711.76
	Total 30 + Days Delinquent	1,194,903	1,593,241,394.39
	Delinquencies 30 + Days as a Percent of End of the Month Total Receivables		4.66%
Defaulted Accounts During the Month		176,738	182,637,456.19
Annualized Default Rate as a Percent of Beginning of the Month Principal Receivables			6.44%

*For calculation purposes Beginning of Month Principal Receivables includes Additional Principal Receivables.

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CAPITAL ONE MASTER TRUST (COLLECTIONS)
MONTHLY PERIOD : February 2004			COLLECTIONS	PERCENTAGES
Total Collections and Gross Payment Rate**			5,334,792,439.12	15.22%
Collections of Principal Receivables and Principal Payment Rate			4,739,625,926.43	13.93%
		Prior Month Billed Finance Charge and Fees	449,209,006.43
		Amortized AMF Income	41,130,917.22
		Interchange Collected	58,256,428.30
		Recoveries of Charged Off Accounts	57,769,074.64
		Collections of Discounted Receivables	0.00
Collections of Finance Charge Receivables and Annualized Yield			606,365,426.59	21.39%
CAPITAL ONE MASTER TRUST (AMF COLLECTIONS)
MONTHLY PERIOD : February 2004
Beginning Unamortized AMF Balance				237,631,215.29
+	AMF Slug		41,612.95
+	AMF Collections		29,932,003.32
-	Amortized AMF Income		41,130,917.22
Ending Unamortized AMF Balance				226,473,914.34

**Total Collections and Gross Payment Rate is calculated as a Percent of Beginning of Month Total Receivables which includes Additional Total Receivables.

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