Exhibit 20.1

Capital One Master Trust (RECEIVABLES)*
MONTHLY PERIOD: January 2007
1)     Beginning of the Month Principal Receivables:	$	43,187,940,290.58
2)     Beginning of the Month Finance Charge Receivables:	$	721,255,523.99
3)     Beginning of the Month AMF Receivables:	$	65,427,946.01
4)     Beginning of the Month Discounted Receivables:	$	0.00
5)     Beginning of the Month Total Receivables:	$	43,974,623,760.58
6)     Removed Principal Receivables:	$	0.00
7)     Removed Finance Charge Receivables:	$	0.00
8)     Removed AMF Receivables:	$	0.00
9)     Removed Total Receivables:	$	0.00
10)   Additional Principal Receivables:	$	0.00
11)   Additional Finance Charge Receivables:	$	0.00
12)   Additional AMF Receivables:	$	0.00
13)   Additional Total Receivables:	$	0.00
14)   Discounted Receivables Generated this Period:	$	0.00
15)   End of the Month Principal Receivables:	$	41,808,523,847.67
16)   End of the Month Finance Charge Receivables:	$	716,595,727.32
17)   End of the Month AMF Receivables:	$	61,095,726.79
18)   End of the Month Discounted Receivables:	$	0.00
19)   End of the Month Total Receivables:	$	42,586,215,301.76
20)   Excess Funding Account Balance	$	0.00
21)   Adjusted Invested Amount of all Master Trust Series	$	36,097,771,901.87
22)   End of the Month Seller Percentage	13.66		%

Capital One Master Trust (DELINQUENCIES AND LOSSES)
MONTHLY PERIOD: January 2007	ACCOUNTS	RECEIVABLES
1)   End of the Month Delinquencies:
2)   30 - 59 days delinquent	363,829	$	503,387,006.52
3)   60 - 89 days delinquent	235,167	$	343,421,739.35
4)   90+ days delinquent	496,743	$	803,734,547.12
5)   Total 30+ days delinquent	1,095,739	$	1,650,543,292.99
6)   Delinquencies 30 + Days as a Percent of End of the Month Total Receivables		3.88		%
7)   Defaulted Accounts during the Month	159,409	$	190,155,200.80
8)   Annualized Default Rate as a Percent of Beginning of the Month Principal Receivables		5.28		%

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

Capital One Master Trust (COLLECTIONS)
MONTHLY PERIOD: January 2007	COLLECTIONS		PERCENTAGES
1)   Total Collections and Gross Payment Rate**	$	8,038,108,809.56	18.28	%
2)   Collections of Principal Receivables and Principal Payment Rate	$	7,320,401,455.75	16.95	%
3)   Prior Month Billed Finance Charges and Fees	$	507,030,498.33
4)   Amortized AMF Income	$	34,298,252.66
5)   Interchange Collected	$	102,443,307.29
6)   Recoveries of Charged Off Accounts	$	70,054,052.00
7)   Collections of Discounted Receivables	$	0.00
8)   Collections of Finance Charge Receivables and Annualized Yield	$	713,826,110.28	19.83	%

Capital One Master Trust (AMF COLLECTIONS)
MONTHLY PERIOD: January 2007
1)   Beginning Unamortized AMF Balance			$	183,402,995.80
2)   + AMF Slug	$	0.00
3)   + AMF Collections	$	38,179,496.19
4)   - Amortized AMF Income	$	34,298,252.66
5)   Ending Unamortized AMF Balance			$	187,284,239.33

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