UNITED STATES
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:  September 9, 2004

Capital One Funding, LLC
as Depositor on behalf of

Capital One Master Trust

 (Exact name of registrant as specified in its charter)

Virginia	0–25762	54–1719855
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer 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

Item 8.01.Other Events

The August 2004 monthly Certificateholder’s Statements to investors were distributed September 9, 2004.

Item 9.01.Exhibits

The following are filed as exhibits to this Report under Exhibit 20:

20.1	August 2004  Performance Summary
20.2	Series 1998-1 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.3	Series 1999-3 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.4	Series 2000-2 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.5	Series 2000-3 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.6	Series 2000-4 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.7	Series 2001-1 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.8	Series 2001-2 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.9	Series 2001-3 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.10	Series 2001-5 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.11	Series 2001-6 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.12	Series 2001-7 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.13	Series 2001-8 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.14	Series 2002-1 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.15	Series 2002-2 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.16	Series 2002-3 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.17	Series 2002-4 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.18	Trust Excess Spread Analysis

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Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned there unto duly authorized.

	CAPITAL ONE MASTER TRUST
	By:		CAPITAL ONE FUNDING, LLC, as Depositor
		By:		/s/ Steven E. Cunningham
		Name:			Steven E. Cunningham
		Title:			Assistant Vice President
Date: September 9, 2004

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

EXHIBITS

TO

FORM 8–K

CAPITAL ONE FUNDING, LLC, as Depositor
CAPITAL ONE MASTER TRUST
CAPITAL ONE BANK

(Exact name of registrant as specified in its charter)

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INDEX TO EXHIBITS

Exhibit Number	Exhibits
20.1	August 2004 Performance Summary
20.2	Series 1998-1 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.3	Series 1999-3 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.4	Series 2000-2 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.5	Series 2000-3 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.6	Series 2000-4 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.7	Series 2001-1 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.8	Series 2001-2 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.9	Series 2001-3 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.10	Series 2001-5 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.11	Series 2001-6 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.12	Series 2001-7 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.13	Series 2001-8 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.14	Series 2002-1 Class A and Class B Certificateholder’s Statements for the month of August 2004

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20.15	Series 2002-2 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.16	Series 2002-3 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.17	Series 2002-4 Class A and Class B Certificateholder’s Statements for the month of August 2004
20.18	Trust Excess Spread Analysis

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