10-D

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-D

ASSET-BACKED ISSUER

Distribution Report Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

For the monthly reporting period from June 1, 2011 to June 30, 2011

Commission File Number of issuing entity: 333-167097   CAPITAL ONE MULTI-ASSET EXECUTION TRUST (Exact name of issuing entity as specified in its charter) (Issuing entity in respect of the Notes) Commission File Number of issuing entity: 333-167097-02   CAPITAL ONE MASTER TRUST (Exact name of issuing entity as specified in its charter) (Issuing entity in respect of the COMT Collateral Certificate)

Commission File Number of depositor: 333-167097-01

CAPITAL ONE FUNDING, LLC

(Exact name of depositor as specified in its charter)

CAPITAL ONE BANK (USA), NATIONAL ASSOCIATION

(Exact name of sponsor as specified in its charter)

Delaware	New York
(State or other jurisdiction of incorporation or organization of the issuing entity)	(State or other jurisdiction of incorporation or organization of the issuing entity)
c/o Deutsche Bank Trust Company Delaware E.A. Delle Donne Corporate Center 1011 Centre Road Wilmington, DE 19805-1266	c/o Capital One Bank (USA), National Association Mail Stop 12017-0500 140 East Shore Drive Room 1071-B Glen Allen, VA 23060
(Address of principal executive offices of issuing entity)	(Address of principal executive offices of issuing entity)
201-593-6792	804-967-1000
(Telephone number, including area code)	(Telephone number, including area code)
Not Applicable	Not Applicable
(I.R.S. Employer Identification No.)	(I.R.S. Employer Identification No.)
N/A	N/A
(Former name, former address, if changed since last report)	(Former name, former address, if changed since last report)

Each class of Notes to which this report on Form 10-D relates is subject to the reporting requirements of Section 15(d) of the Securities Exchange Act of 1934. The title of each class of Notes to which this report on Form 10-D relates is set forth in Exhibit 99.2 hereto.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

PART I – DISTRIBUTION INFORMATION

ITEM 1 – Distribution and Pool Performance Information.

Response to Item 1 is set forth in Exhibits 99.1 and 99.2.

PART II – OTHER INFORMATION

ITEM 9 – Exhibits

Exhibit 99.1	Monthly Series 2002-CC Certificateholders’ Statement.
Exhibit 99.2	Card series Schedule to Monthly Noteholders’ Statement.

SIGNATURES

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

Dated: July 15, 2011

CAPITAL ONE MULTI-ASSET EXECUTION TRUST
(Issuing Entity)
CAPITAL ONE MASTER TRUST
(Issuing Entity)
By: CAPITAL ONE BANK (USA), NATIONAL ASSOCIATION
(Servicer)
By:	/s/ F. Aubrey Thacker
Name:	F. Aubrey Thacker
Title:	Senior Accounting Officer

EX-99.1

Exhibit 99.1

MONTHLY STATEMENT

Capital One Master Trust

SERIES 2002-CC

Under the Amended and Restated Pooling and Servicing Agreement dated as of September 30, 1993, as amended and restated as of August 1, 2002, January 13, 2006, March 23, 2007 and July 1, 2007, and as further amended by the First Amendment, dated as of March 1, 2008 and the Second Amendment, dated as of July 15, 2010 (as amended and supplemented, the “Agreement”), among Capital One Bank (USA), National Association, as Servicer, Capital One Funding, LLC, as Transferor, and The Bank of New York Mellon, as Trustee (the “Trustee”), Capital One Bank (USA), National Association as Servicer is required to prepare certain information each month regarding current distributions to Certificateholders and the performance of the Capital One Master Trust (the “Trust”) during the previous month. The information which is required to be prepared with respect to the Distribution Date of July 15, 2011, and with respect to the performance of the Trust during the month June, 2011, is set forth below. Current Distribution Date is July 15, 2011. Certain other information is presented based on the aggregate amounts for the Trust as a whole.

Material terms, parties and related abbreviations used herein may be found in the following documents as filed with the Securities and Exchange Commission (“SEC”).

Series 2002-CC Supplement to the Amended and	Included in Exhibit 4.1 to the Trust’s Form 8-K
Restated Pooling and Servicing Agreement dated	filed with the SEC on November 12, 2002.
as of October 9, 2002, relating to the COMT
Collateral Certificate.
First Amendment to the Series 2002-CC	Included in Exhibit 4.6 to the Trust’s Form 8-K
Supplement, dated as of March 1, 2008.	filed with the SEC on March 4, 2008.
Amended and Restated Pooling and Servicing	Included in Exhibit 4.2 to the Trust’s Form 8-K
Agreement dated as of August 1, 2002, January 13,	filed with the SEC on July 6, 2007.
2006, March 23, 2007 and July 1, 2007.
First Amendment to the Amended and	Included in Exhibit 4.2 to the Trust’s Form 8-K
Restated Pooling and Servicing Agreement,	filed with the SEC on March 4, 2008.
dated as of March 1, 2008.
Second Amendment to the Amended and	Included in Exhibit 4.1 to the Trust’s Form 8-K
Restated Pooling and Servicing Agreement,	filed with the SEC on July 15, 2010.
dated as of July 15, 2010.

1

A)	CAPITAL ONE MASTER TRUST (RECEIVABLES)
	MONTHLY PERIOD: June 2011	ACCOUNTS (a)
1)	Beginning of the Month Principal Receivables:			$	39,669,331,605.76
2)	Beginning of the Month Finance Charge Receivables:			$	725,488,472.96
3)	Beginning of the Month AMF Receivables:			$	35,911,829.41
4)	Beginning of the Month Discounted Receivables:			$	0.00
5)	Beginning of the Month Total Receivables:		22,871,941	$	40,430,731,908.13
6)	Removed Principal Receivables:			$	0.00
7)	Removed Finance Charge Receivables:			$	0.00
8)	Removed AMF Receivables			$	0.00
9)	Removed Total Receivables:		0	$	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	$	0.00
14)	Discounted Receivables Generated this Period			$	0.00
15)	End of the Month Principal Receivables			$	39,359,012,397.44
16)	End of the Month Finance Charge Receivables			$	733,988,269.98
17)	End of the Month AMF Receivables			$	34,179,614.67
18)	End of the Month Discounted Receivables			$	0.00
19)	End of the Month Total Receivables		22,715,785	$	40,127,180,282.09
20)	Beginning of the Month Excess Funding Account Balance			$	0.00
21)	Adjusted Invested Amount of all Master Trust Series			$	16,754,390,775.40
22)	End of the Month Seller Percentage				57.43	%
(a)	Accounts include accounts which have a credit balance and accounts which have no balance because receivables may be generated with respect to such accounts in the future. Accounts do not include certain charged-off accounts with zero balances. Beginning in November 2009, Accounts, as defined herein, also include accounts which are closed, but still have a balance. Such accounts were ommitted from reporting prior to this time. All other items have been and are still appropriately reflecting closed accounts with a balance.
B)	CAPITAL ONE MASTER TRUST (DELINQUENCIES AND LOSSES)
	MONTHLY PERIOD: June 2011	ACCOUNTS		RECEIVABLES
1)	End of the Month Delinquencies:
	2) 30 - 59 Days Delinquent		175,027	$	377,480,546.75
	3) 60 - 89 Days Delinquent		107,023	$	264,843,518.88
	4) 90-119 Days Delinquent		87,614	$	245,418,499.35
	5) 120-149 Days Delinquent		73,246	$	232,213,105.62
	6) 150 + Days Delinquent		64,047	$	208,851,739.32
	7) Total 30+ Days Delinquent		506,957	$	1,328,807,409.92
	8) Delinquencies 30 + Days as a Percent of End of the Month Total Receivables				3.31	%
9)	Defaulted Accounts during the Month		80,976	$	217,195,934.16
10)	Annualized Default Rate as a Percent of Adjusted Beginning of the Month Principal Receivables which includes Additional Principal Receivables				6.57	%

2

C)	CAPITAL ONE MASTER TRUST (COLLECTIONS)
	MONTHLY PERIOD: June 2011		COLLECTIONS		PERCENTAGES
1)	Total Collections and Gross Payment Rate as a Percent of Adjusted Beginning of Month Total Receivables which includes Additional Total Receivables		$	9,107,298,673.36		22.53	%
2)	Collections of Principal Receivables and Principal Payment Rate as a Percent of Adjusted Beginning of the Month Principal Receivables which includes Additional Principal Receivables		$	8,376,987,944.95		21.12	%
	3)	Prior Month Billed Finance Charges and Fees	$	460,429,471.37
	4)	Amortized AMF Income	$	20,452,305.24
	5)	Interchange Collected	$	160,208,515.03
	6)	Recoveries of Charged Off Accounts	$	86,893,320.08
	7)	Collections of Discounted Receivables	$	0.00
8)	Collections of Finance Charge Receivables and Annualized Yield as a Percent of Adjusted Beginning of the Month Principal Receivables which includes Additional Principal Receivables		$	727,983,611.72		22.02	%
D)	CAPITAL ONE MASTER TRUST (AMF COLLECTIONS)
	MONTHLY PERIOD: June 2011
1)	Beginning Unamortized AMF Balance				$	109,475,795.39
	2)	+ AMF Slug	$	0.00
	3)	+ AMF Collections	$	22,779,421.93
	4)	- Amortized AMF Income	$	20,452,305.24
5)	Ending Unamortized AMF Balance				$	111,802,912.08
E)	CAPITAL ONE MASTER TRUST : SERIES 2002-CC (Floating Allocation Amount)
	MONTHLY PERIOD: June 2011
1)	Floating Allocation Amount				$	16,754,390,776.00
2)	Floating Allocation Percentage					42.235122	%
3)	Finance Charge Collections Allocated				$	307,464,769.77
4)		Plus: Other amounts to be treated as Finance Charge Amounts	$	0.02
5)		Less: Servicer Interchange	$	10,471,494.24
6)	Available Funds				$	296,993,275.55
7)	Allocations of Series 2002-CC Finance Charge Amounts
	a)	Class A Targeted Deposit to Interest Funding Account	$	16,362,608.34
	b)	Class B Targeted Deposit to Interest Funding Account	$	1,770,613.43
	c)	Class C Targeted Deposit to Interest Funding Account	$	3,510,637.83
	d)	Series 2002-CC Servicing Fee to the Servicer		17,452,490.39
	e)	Series 2002-CC Servicing Fee previously due and unpaid to the Servicer		0.00
	f)	Class D Targeted Deposit to Interest Funding Account	$	0.00
	g)	Series 2002-CC Defaulted Amount	$	91,732,968.73
	h)	Nominal Liquidation Amount Deficits	$	0.00

3

	i)	Accumulation Reserve Account Targeted Deposit	$	0.00
	j)	Class C Reserve Account Targeted Deposit	$	0.00
	k)	Class D Reserve Account Targeted Deposit	$	0.00
	l)	Other deposits or payments required by Term Documents	$	0.00
8)	Shared Excess Finance Charges of Series 2002-CC				$	166,163,956.83
9)	Total Excess Finance Charges for All Series in Group 1				$	166,163,956.83
10)	Finance Charge Shortfall for Series 2002-CC				$	0.00
11)	Finance Charge Shortfall for All Series in Group 1				$	0.00
12)	Excess Finance Charges Allocated to Series 2002-CC				$	0.00
F)	CAPITAL ONE MASTER TRUST : SERIES 2002-CC (Principal Allocation Amount)
	MONTHLY PERIOD: June 2011
1)	Principal Allocation Amount				$	16,754,390,776.00
2)	Principal Allocation Percentage					42.235122	%
3)	Principal Collections Allocated				$	3,538,031,115.58
4)	Series 2002-CC Monthly Principal Payment					0.00
5)	Shared Principal Collections (excess principal) of Series 2002-CC				$	3,538,031,115.58
6)	Total Shared Principal Collections (excess principal) for All Series in Group				$	3,538,031,115.58
7)	Principal Shortfall for Series 2002-CC				$	0.00
8)	Principal Shortfall for All Series in Group 1				$	0.00
9)	Shared Principal Collections Allocated to Series 2002-CC				$	0.00

4

MONTHLY SERVICER’S CERTIFICATE

CAPITAL ONE BANK (USA), National Association

CAPITAL ONE MASTER TRUST

SERIES 2002-CC

The undersigned, a duly authorized representative of Capital One Bank (USA), National Association, as Servicer, pursuant to the Amended and Restated Pooling and Servicing Agreement dated as of September 30, 1993, as amended and restated as of August 1, 2002, January 13, 2006, March 23, 2007 and July 1, 2007, and as further amended by the First Amendment, dated as of March 1, 2008 and the Second Amendment, dated as of July 15, 2010 (as amended and supplemented, the “Agreement”), as supplemented by the Series 2002-CC Supplement (as amended and supplemented, the “Series Supplement”), among Capital One Funding, LLC, as Transferor, Capital One Bank (USA), National Association, as Servicer, and The Bank of New York Mellon, as Trustee, does hereby certify as follows:

1. Capitalized terms used in this Certificate have their respective meanings as set forth in the Agreement or Series Supplement, as applicable.

2. Capital One Bank (USA), National Association is, as of the date hereof, the Servicer under the Agreement.

3. The undersigned is a Servicing Officer.

4. This Certificate relates to the Distribution Date occurring on July 15, 2011.

5. As of the date hereof, to the best knowledge of the undersigned, the Servicer has performed in all material respects under the Agreement through the Monthly Period preceding such Distribution Date.

6. As of the date hereof, to the best knowledge of the undersigned, no Pay Out Event occurred on or prior to such Distribution Date.

7. As of the date hereof, to the best knowledge of the undersigned, no Lien has been placed on any of the receivables other than pursuant to the Agreement.

IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate this 12th day of July, 2011.

	CAPITAL ONE BANK (USA), National
	Association as Servicer
By:	/s/ F. Aubrey Thacker
Name:	F. Aubrey Thacker
Title:	Authorized Officer

5

EX-99.2

Exhibit 99.2

	CARD SERIES SCHEDULE TO MONTHLY NOTEHOLDERS’ STATEMENT
Date: 07/12/2011
	CAPITAL ONE MULTI-ASSET EXECUTION TRUST, ASSET POOL 1 Monthly Period Ending: June 30, 2011

Reference is made to the Series 2002-CC Supplement as amended, (the “Series 2002-CC Supplement”), dated as of October 9, 2002, between Capital One Funding, LLC, a Virginia limited liability company (“Funding”), as Transferor, Capital One Bank (USA), National Association, a national banking association (the “Bank”), as Servicer , and The Bank of New York Mellon, as Trustee, and the Indenture as amended, (the “Indenture”), dated as of October 9, 2002, between Capital One Multi-asset Execution Trust, as Issuer, and The Bank of New York Mellon, as Indenture Trustee.

The following computations are prepared with respect to the Transfer Date of July 14, 2011 and with respect to the performance of the Trust during the related Monthly Period from June 1, 2011 through June 30, 2011. Current Distribution Date is July 15, 2011.

Interest Period for all tranches generally includes the previous Distribution Date (or in the case of the initial Interest Payment Date, the Issuance Date) through the day preceding the current Distribution Date. Interest on floating rate tranches is calculated on the basis of 360-day year and the actual number of days in the related interest Period. Interest on fixed rate tranches is calculated on the basis of a 360-day year and twelve 30-day months.

Material terms, parties and related abbreviations used herein may be found in the following documents as filed with the Securities and Exchange Commission (“SEC”).

Amended and Restated Pooling and Servicing Agreement dated as of August 1, 2002, January 13, 2006, March 23, 2007 and July 1, 2007	Included in Exhibit 4.2 to Funding’s Form 8-K filed with the SEC on July 6, 2007.
First Amendment to Amended and Restated Pooling and Servicing Agreement dated as of March 1, 2008.	Included in Exhibit 4.2 to Funding’s Form 8-K filed with the SEC on March 4, 2008.
Second Amendment to Amended and Restated Pooling and Servicing Agreement dated as of July 15, 2010.	Included in Exhibit 4.1 to Trust’s Form 8-K filed with the SEC on July 15, 2010.
Series 2002-CC Supplement to the Amended and Restated Pooling and Servicing Agreement dated as of October 9, 2002, relating to the COMT Collateral Certificate.	Included in Exhibit 4.1 to Funding’s Form 8-K filed with the SEC on November 12, 2002.
First Amendment to the Series 2002-CC Supplement dated as of March 1, 2008.	Included in Exhibit 4.6 to Funding’s Form 8-K filed with the SEC on March 4, 2008.
Transfer and Administration Agreement dated as of October 9, 2002.	Included in Exhibit 4.2 to Funding’s Form 8-K filed with the SEC on November 12, 2002.
First Amendment to Transfer and Administration Agreement dated as of March 1, 2008.	Included in Exhibit 4.10 to Funding’s Form 8-K filed with the SEC on March 4, 2008.

1

Capital One Multi-asset Execution Trust Amended and Restated Trust Agreement dated as of October 9, 2002.	Included in Exhibit 4.3 to Funding’s Form 8-K filed with the SEC on November 12, 2002.
Indenture dated as of October 9, 2002.	Included in Exhibit 4.4 to Funding’s Form 8-K filed with the SEC on November 12, 2002.
First Amendment to Indenture dated as of March 1, 2008.	Included in Exhibit 4.7 to Funding’s Form 8-K filed with the SEC on March 4, 2008.
COMT Asset Pool 1 Supplement dated as of October 9, 2002.	Included in Exhibit 4.5 to Funding’s Form 8-K filed with the SEC on November 12, 2002.
First Amendment to COMT Asset Pool 1 Supplement dated as of March 1, 2008.	Included in Exhibit 4.8 to Funding’s Form 8-K filed with the SEC on March 4, 2008.
COMT Asset Pool 1 Supplement dated as of October 9, 2002.	Included in Exhibit 4.6 to Funding’s Form 8-K filed with the SEC on November 12, 2002.
First Amendment to Card Series Indenture Supplement dated as of March 1, 2008.	Included in Exhibit 4.9 to Funding’s Form 8-K filed with the SEC on March 4, 2008.

2

A. Interest to be paid on the corresponding Distribution Date:

	CUSIP Number	Interest Payment Date	Total Amount of Interest to be paid		Per $1000 of Outstanding Dollar Principal Amount
Class A (2004-1)	14041NBG5	15-Jul-11		165,437.50		0.3308750000
Class A (2004-4)	14041NBN0	15-Jul-11		169,604.17		0.3392083400
Class A (2004-7)	14041NBU4	15-Aug-11		—		0.0000000000
Class A (2004-8)	14041NBW0	15-Jul-11		132,104.17		0.2642083400
Class A (2005- 1)	14041NBY6	15-Jul-11		160,656.25		0.2142083333
Class A (2005- 6)	14041NCF6	15-Jul-11		377,245.56		0.8291111209
Class A (2005- 7)	14041NCH2	15-Jul-11		1,958,333.33		3.9166666600
Class A (2005- 9)	14041NCK5	15-Jul-11		75,034.38		0.2308750154
Class A (2005-10)	14041NCL3	15-Jul-11		111,270.83		0.2225416600
Class A (2006- 1)	14041NCN9	15-Jul-11		92,520.83		0.1850416600
Class A (2006- 3)	14041NCQ2	15-Jul-11		1,683,333.33		4.2083333250
Class A (2006- 5)	14041NCS8	15-Jul-11		102,937.50		0.2058750000
Class A (2006- 8)	14041NCX7	15-Jul-11		54,262.50		0.1808750000
Class A (2006-10)	14041NDA6	15-Jul-11		2,145,833.33		4.2916666600
Class A (2006-11)	14041NDB4	15-Jul-11		173,156.25		0.2308750000
Class A (2006-12)	14041NDC2	15-Jul-11		102,937.50		0.2058750000
Class A (2006-A)		15-Jul-11		—		0.0000000000
Class A (2006-B)		15-Jul-11		—		0.0000000000
Class A (2006-C)		15-Jul-11		—		0.0000000000
Class A (2006-D)		15-Jul-11		—		0.0000000000
Class A (2006-E)		15-Jul-11		—		0.0000000000
Class A (2007- 1)	14041NDG3	15-Jul-11		123,463.54		0.1975416640
Class A (2007- 2)	14041NDL2	15-Jul-11		155,779.17		0.2225416714
Class A (2007- 4)	14041NDS7	15-Jul-11		135,656.25		0.1808750000
Class A (2007- A)	U13554AD9	15-Jul-11		866,666.67		4.3333333500
Class A (2007-5)	14041NDT5	15-Jul-11		113,525.00		0.1892083333
Class A (2007-7)	14041NDX6	15-Jul-11		4,791,666.67		4.7916666700
Class A (2007-8)	14041NDY4	15-Sep-11		—		0.0000000000
Class A (2008-3)	14041N ED9	15-Jul-11		2,525,000.00		4.2083333333
Class A (2009-A)		15-Jul-11		—		0.0000000000
Total Class A				16,216,424.73
Class B (2004-3)	14041NBL4	15-Jul-11		114,631.25		0.7642083333
Class B (2004-7)		15-Jul-11		405,487.20		2.1965125538
Class B (2005-1)	14041NBX8	15-Jul-11		714,583.33		4.0833333143
Class B (2005-3)	14041NCG4	15-Jul-11		209,300.00		2.0930000000
Class B (2006-1)	14041NCT6	15-Jul-11		68,111.46		0.3892083429
Class B (2007- 1)	14041NDH1	15-Jul-11		133,306.25		0.3808750000
Class B (2009-C)		15-Jul-11		528,392.23		0.9058749978

3

	CUSIP Number	Interest Payment Date	Total Amount of Interest to be paid		Per $1000 of Outstanding Dollar Principal Amount
Total Class B				2,173,811.72
Class C (2003-3)	14041NAV3	15-Jul-11		507,718.75		2.0308750000
Class C (2004-2)	14041NBH3	15-Jul-11		103,087.50		1.0308750000
Class C (2004-3)		15-Sep-11		—		0.0000000000
Class C (2006-2)	14041NCZ2	15-Jul-11		40,587.50		0.4058750000
Class C (2006-3)	14041NDD0	15-Jul-11		52,817.71		0.4225416800
Class C (2007-1)	14041NDJ7	15-Jul-11		166,762.50		0.5558750000
Class C (2007-2)	14041NDK4	15-Jul-11		101,468.75		0.4058750000
Class C (2007-4)	14041NEA5	15-Jul-11		448,306.25		1.2808750000
Class C (2009-A)		15-Jul-11		130,195.12		1.8225416254
Total Class C				1,550,944.08
Total				19,941,180.53

B. Principal to be paid on the Distribution Date:

	CUSIP Number	Principal Payment Date	Total Amount of Principal to be paid	Per $1000 of Outstanding Dollar Principal Amount
NOTHING TO REPORT

4

C. Outstanding Dollar Principal Amount and Nominal Liquidation Amount for the related Monthly Period:

(as of the end of the related Monthly Period)

	Initial Dollar Principal Amount		Outstanding Dollar Principal Amount		Adjusted Outstanding Dollar Principal Amount		Nominal Liquidation Amount
Class A (2004-1)		500,000,000.00		500,000,000.00		500,000,000.00		500,000,000.00
Class A (2004-4)		500,000,000.00		500,000,000.00		500,000,000.00		500,000,000.00
Class A (2004-7)		500,000,000.00		500,000,000.00		500,000,000.00		500,000,000.00
Class A (2004-8)		500,000,000.00		500,000,000.00		500,000,000.00		500,000,000.00
Class A (2005- 1)		750,000,000.00		750,000,000.00		750,000,000.00		750,000,000.00
Class A (2005- 6)		455,000,000.00		455,000,000.00		455,000,000.00		455,000,000.00
Class A (2005- 7)		500,000,000.00		500,000,000.00		500,000,000.00		500,000,000.00
Class A (2005- 9)		325,000,000.00		325,000,000.00		325,000,000.00		325,000,000.00
Class A (2005-10)		500,000,000.00		500,000,000.00		500,000,000.00		500,000,000.00
Class A (2006- 1)		500,000,000.00		500,000,000.00		500,000,000.00		500,000,000.00
Class A (2006- 3)		400,000,000.00		400,000,000.00		400,000,000.00		400,000,000.00
Class A (2006- 5)		500,000,000.00		500,000,000.00		500,000,000.00		500,000,000.00
Class A (2006- 8)		300,000,000.00		300,000,000.00		300,000,000.00		300,000,000.00
Class A (2006-10)		500,000,000.00		500,000,000.00		500,000,000.00		500,000,000.00
Class A (2006-11)		750,000,000.00		750,000,000.00		750,000,000.00		750,000,000.00
Class A (2006-12)		500,000,000.00		500,000,000.00		500,000,000.00		500,000,000.00
Class A (2006-A)		—		—		—		—
Class A (2006-B)		—		—		—		—
Class A (2006-C)		—		—		—		—
Class A (2006-D)		—		—		—		—
Class A (2006-E)		—		—		—		—
Class A (2007- 1)		625,000,000.00		625,000,000.00		625,000,000.00		625,000,000.00
Class A (2007- 2)		700,000,000.00		700,000,000.00		700,000,000.00		700,000,000.00
Class A (2007- 4)		750,000,000.00		750,000,000.00		750,000,000.00		750,000,000.00
Class A (2007- A)		200,000,000.00		200,000,000.00		200,000,000.00		200,000,000.00
Class A (2007-5)		600,000,000.00		600,000,000.00		600,000,000.00		600,000,000.00
Class A (2007-7)		1,000,000,000.00		1,000,000,000.00		1,000,000,000.00		1,000,000,000.00
Class A (2007-8)		500,000,000.00		500,000,000.00		500,000,000.00		500,000,000.00
Class A (2008-3)		600,000,000.00		600,000,000.00		600,000,000.00		600,000,000.00
Class A (2009-A)		—		—		—		—
Total Class A		12,955,000,000.00		12,955,000,000.00		12,955,000,000.00		12,955,000,000.00
Class B (2004-3)		150,000,000.00		150,000,000.00		150,000,000.00		150,000,000.00
Class B (2004-7)		184,605,000.00		184,605,000.00		184,605,000.00		184,605,000.00
Class B (2005-1)		175,000,000.00		175,000,000.00		175,000,000.00		175,000,000.00
Class B (2005-3)		100,000,000.00		100,000,000.00		100,000,000.00		100,000,000.00

5

	Initial Dollar Principal Amount		Outstanding Dollar Principal Amount		Adjusted Outstanding Dollar Principal Amount		Nominal Liquidation Amount
Class B (2006-1)		175,000,000.00		175,000,000.00		175,000,000.00		175,000,000.00
Class B (2007- 1)		350,000,000.00		350,000,000.00		350,000,000.00		350,000,000.00
Class B (2009-C)		583,294,860.00		583,294,860.00		583,294,860.00		583,294,860.00
Total Class B		1,717,899,860.00		1,717,899,860.00		1,717,899,860.00		1,717,899,860.00
Class C (2003-3)		250,000,000.00		250,000,000.00		250,000,000.00		250,000,000.00
Class C (2004-2)		100,000,000.00		100,000,000.00		100,000,000.00		100,000,000.00
Class C (2004-3)		367,500,000.00		367,500,000.00		367,500,000.00		367,500,000.00
Class C (2006-2)		100,000,000.00		100,000,000.00		100,000,000.00		100,000,000.00
Class C (2006-3)		125,000,000.00		125,000,000.00		125,000,000.00		125,000,000.00
Class C (2007-1)		300,000,000.00		300,000,000.00		300,000,000.00		300,000,000.00
Class C (2007-2)		250,000,000.00		250,000,000.00		250,000,000.00		250,000,000.00
Class C (2007-4)		350,000,000.00		350,000,000.00		350,000,000.00		350,000,000.00
Class C (2009-A)		71,436,020.00		71,436,020.00		71,436,020.00		71,436,020.00
Total Class C		1,913,936,020.00		1,913,936,020.00		1,913,936,020.00		1,913,936,020.00
Class D (2002-1)				167,554,896.00		167,554,896.00		167,554,896.00
Total		16,586,835,880.00		16,754,390,776.00		16,754,390,776.00		16,754,390,776.00

6

D. Nominal Liquidation Amount for Tranches of Notes Outstanding:

(including all tranches issued as of the end of the Monthly Period, after taking into account all allocations expected to occur on the Distribution Date)

	End of Month Nominal Liquidation Amount		Increase due to accretions of Principal for Discount Notes		Withdrawal from Principal Funding sub-Account		Reimbursements of Nominal Liquidation Amount from Available Funds		Reductions due to reallocation of Card Series Principal Amounts		Reduction due  to Investor Charge-offs		Reductions due to deposits into the Principal Funding sub-Account		Nominal Liquidation Amount as of the Distribution Date*
Class A (2004-1)		500,000,000.00		—		—		—		—		—		—		500,000,000.00
Class A (2004-4)		500,000,000.00		—		—		—		—		—		—		500,000,000.00
Class A (2004-7)		500,000,000.00		—		—		—		—		—		—		500,000,000.00
Class A (2004-8)		500,000,000.00		—		—		—		—		—		—		500,000,000.00
Class A (2005- 1)		750,000,000.00		—		—		—		—		—		—		750,000,000.00
Class A (2005- 6)		455,000,000.00		—		—		—		—		—		—		455,000,000.00
Class A (2005- 7)		500,000,000.00		—		—		—		—		—		—		500,000,000.00
Class A (2005- 9)		325,000,000.00		—		—		—		—		—		—		325,000,000.00
Class A (2005-10)		500,000,000.00		—		—		—		—		—		—		500,000,000.00
Class A (2006- 1)		500,000,000.00		—		—		—		—		—		—		500,000,000.00
Class A (2006- 3)		400,000,000.00		—		—		—		—		—		—		400,000,000.00
Class A (2006- 5)		500,000,000.00		—		—		—		—		—		—		500,000,000.00
Class A (2006- 8)		300,000,000.00		—		—		—		—		—		—		300,000,000.00
Class A (2006-10)		500,000,000.00		—		—		—		—		—		—		500,000,000.00
Class A (2006-11)		750,000,000.00		—		—		—		—		—		—		750,000,000.00
Class A (2006-12)		500,000,000.00		—		—		—		—		—		—		500,000,000.00
Class A (2006-A)		—		—		—		—		—		—		—		—
Class A (2006-B)		—		—		—		—		—		—		—		—
Class A (2006-C)		—		—		—		—		—		—		—		—
Class A (2006-D)		—		—		—		—		—		—		—		—
Class A (2006-E)		—		—		—		—		—		—		—		—
Class A (2007- 1)		625,000,000.00		—		—		—		—		—		—		625,000,000.00
Class A (2007- 2)		700,000,000.00		—		—		—		—		—		—		700,000,000.00
Class A (2007- 4)		750,000,000.00		—		—		—		—		—		—		750,000,000.00
Class A (2007- A)		200,000,000.00		—		—		—		—		—		—		200,000,000.00
Class A (2007-5)		600,000,000.00		—		—		—		—		—		—		600,000,000.00
Class A (2007-7)		1,000,000,000.00		—		—		—		—		—		—		1,000,000,000.00
Class A (2007-8)		500,000,000.00		—		—		—		—		—		—		500,000,000.00
Class A (2008-3)		600,000,000.00		—		—		—		—		—		—		600,000,000.00
Class A (2009-A)		—		—		—		—		—		—		—		—
Total Class A		12,955,000,000.00		—		—		—		—		—		—		12,955,000,000.00
Class B (2004-3)		150,000,000.00		—		—		—		—		—		—		150,000,000.00
Class B (2004-7)		184,605,000.00		—		—		—		—		—		—		184,605,000.00
Class B (2005-1)		175,000,000.00		—		—		—		—		—		—		175,000,000.00

7

	End of Month Nominal Liquidation Amount		Increase due to accretions of Principal for Discount Notes		Withdrawal from Principal Funding sub-Account		Reimbursements of Nominal Liquidation Amount from Available Funds		Reductions due to reallocation  of Card Series Principal Amounts		Reduction due  to Investor Charge-offs		Reductions due to deposits into the Principal Funding sub-Account		Nominal Liquidation Amount as of the Distribution Date*
Class B (2005-3)		100,000,000.00		—		—		—		—		—		—		100,000,000.00
Class B (2006-1)		175,000,000.00		—		—		—		—		—		—		175,000,000.00
Class B (2007- 1)		350,000,000.00		—		—		—		—		—		—		350,000,000.00
Class B (2009-C)		583,294,860.00		—		—		—		—		—		—		583,294,860.00
Total Class B		1,717,899,860.00		—		—		—		—		—		—		1,717,899,860.00
Class C (2003-3)		250,000,000.00		—		—		—		—		—		—		250,000,000.00
Class C (2004-2)		100,000,000.00		—		—		—		—		—		—		100,000,000.00
Class C (2004-3)		367,500,000.00		—		—		—		—		—		—		367,500,000.00
Class C (2006-2)		100,000,000.00		—		—		—		—		—		—		100,000,000.00
Class C (2006-3)		125,000,000.00		—		—		—		—		—		—		125,000,000.00
Class C (2007-1)		300,000,000.00		—		—		—		—		—		—		300,000,000.00
Class C (2007-2)		250,000,000.00		—		—		—		—		—		—		250,000,000.00
Class C (2007-4)		350,000,000.00		—		—		—		—		—		—		350,000,000.00
Class C (2009-A)		71,436,020.00		—		—		—		—		—		—		71,436,020.00
Total Class C		1,913,936,020.00		—		—		—		—		—		—		1,913,936,020.00
Class D (2002-1)		167,554,896.00		—		—		—		—		—		—		167,554,896.00
Total		16,754,390,776.00		—		—		—		—		—		—		16,754,390,776.00

* This report does not capture any new issuances or increases of notes occurring after the end of the Monthly Period. Additionally, the Class D balance reflects any reductions due to maturities that will occur on the distribution date.

E. Targeted Deposits to Principal Funding sub-Accounts:

	Beginning Principal Funding sub-Account Balance	Targeted Deposit to Principal Funding sub-Account	Previous shortfalls of targeted deposits to the Principal Funding Sub-Account	Actual Deposit to Principal Funding sub-Account	Amounts withdrawn from the Principal Funding sub-Account for payment to Noteholders	Ending Principal Funding sub-Account Balance	Principal Funding sub-Account Earnings
NOTHING TO REPORT

8

F. Targeted Deposits to Interest Funding sub-Accounts:

	Applicable Interest Rates			Beginning Interest Funding sub-Account Balance (1)		Targeted Deposit to Interest Funding sub-Account		Previous Shortfalls of targeted deposits to the Interest Funding sub-Account		Actual Deposit to Interest Funding sub-Account (2)		Amounts withdrawn from the Interest Funding sub-Account for payment to Noteholder’s (3)			Ending Interest Funding sub-Account Balance (1)		Interest Funding sub-Account Earnings
Class A (2004-1)		0.397	%		—		165,437.50		—		165,437.50		(165,437.50	)		—		0.00
Class A (2004-4)		0.407	%		—		169,604.17		—		169,604.17		(169,604.17	)		—		0.00
Class A (2004-7)		0.411	%		171,145.83		171,145.83		—		171,145.83		—			342,291.66		0.00
Class A (2004-8)		0.317	%		—		132,104.17		—		132,104.17		(132,104.17	)		—		0.00
Class A (2005- 1)		0.257	%		—		160,656.25		—		160,656.25		(160,656.25	)		—		0.00
Class A (2005- 6)		0.328	%		252,878.89		124,366.67		—		124,366.67		(377,245.56	)		—		0.00
Class A (2005- 7)		4.700	%		—		1,958,333.33		—		1,958,333.33		(1,958,333.33	)		—		0.00
Class A (2005- 9)		0.277	%		—		75,034.38		—		75,034.38		(75,034.38	)		—		0.00
Class A (2005-10)		0.267	%		—		111,270.83		—		111,270.83		(111,270.83	)		—		0.00
Class A (2006- 1)		0.222	%		—		92,520.83		—		92,520.83		(92,520.83	)		—		0.00
Class A (2006- 3)		5.050	%		—		1,683,333.33		—		1,683,333.33		(1,683,333.33	)		—		0.00
Class A (2006- 5)		0.247	%		—		102,937.50		—		102,937.50		(102,937.50	)		—		0.00
Class A (2006- 8)		0.217	%		—		54,262.50		—		54,262.50		(54,262.50	)		—		0.00
Class A (2006-10)		5.150	%		—		2,145,833.33		—		2,145,833.33		(2,145,833.33	)		—		0.00
Class A (2006-11)		0.277	%		—		173,156.25		—		173,156.25		(173,156.25	)		—		0.00
Class A (2006-12)		0.247	%		—		102,937.50		—		102,937.50		(102,937.50	)		—		0.00
Class A (2006-A)		—			—		0.00		—		0.00		—			—		0.00
Class A (2006-B)		—			—		0.00		—		0.00		—			—		0.00
Class A (2006-C)		—			—		0.00		—		0.00		—			—		0.00
Class A (2006-D)		—			—		0.00		—		0.00		—			—		0.00
Class A (2006-E)		—			—		0.00		—		0.00		—			—		0.00
Class A (2007- 1)		0.237	%		—		123,463.54		—		123,463.54		(123,463.54	)		—		0.00
Class A (2007- 2)		0.267	%		—		155,779.17		—		155,779.17		(155,779.17	)		—		0.00
Class A (2007- 4)		0.217	%		—		135,656.25		—		135,656.25		(135,656.25	)		—		0.00
Class A (2007- A)		5.200	%		—		866,666.67		—		866,666.67		(866,666.67	)		—		0.00
Class A (2007-5)		0.227	%		—		113,525.00		—		113,525.00		(113,525.00	)		—		0.00
Class A (2007-7)		5.750	%		—		4,791,666.67		—		4,791,666.67		(4,791,666.67	)		—		0.00
Class A (2007-8)		0.547	%		—		227,916.67		—		227,916.67		—			227,916.67		0.00
Class A (2008-3)		5.050	%		—		2,525,000.00		—		2,525,000.00		(2,525,000.00	)		—		0.00
Class A (2009-A)		—			—		0.00		—		0.00		—			—		0.00
Total Class A					424,024.72		16,362,608.34		—		16,362,608.34		(16,216,424.73	)		570,208.33		—
Class B (2004-3)		0.917	%		—		114,631.25		—		114,631.25		(114,631.25	)		—		0.00
Class B (2004-7)		0.869	%		262,898.29		142,588.91		—		142,588.91		(405,487.20	)		—		0.00
Class B (2005-1)		4.900	%		—		714,583.33		—		714,583.33		(714,583.33	)		—		0.00
Class B (2005-3)		0.828	%		140,300.00		69,000.00		—		69,000.00		(209,300.00	)		—		0.00
Class B (2006-1)		0.467	%		—		68,111.46		—		68,111.46		(68,111.46	)		—		0.00
Class B (2007- 1)		0.457	%		—		133,306.25		—		133,306.25		(133,306.25	)		—		0.00

9

	Applicable Interest Rates			Beginning Interest Funding sub-Account Balance (1)		Targeted Deposit to Interest Funding sub-Account		Previous Shortfalls of targeted deposits to the Interest  Funding sub-Account		Actual Deposit to Interest Funding sub-Account (2)		Amounts withdrawn from the Interest Funding sub-Account for payment to Noteholder’s (3)			Ending Interest  Funding sub-Account Balance (1)		Interest Funding sub-Account Earnings
Class B (2009-C)		—			—		528,392.23		—		528,392.23		(528,392.23	)		—		0.00
Total Class B					403,198.29		1,770,613.43		—		1,770,613.43		(2,173,811.72	)		—		—
Class C (2003-3)		2.437	%		—		507,718.75		—		507,718.75		(507,718.75	)		—		0.00
Class C (2004-2)		1.237	%		—		103,087.50		—		103,087.50		(103,087.50	)		—		0.00
Class C (2004-3)		6.399	%		—		1,959,693.75		—		1,959,693.75		—			1,959,693.75		0.02
Class C (2006-2)		0.487	%		—		40,587.50		—		40,587.50		(40,587.50	)		—		0.00
Class C (2006-3)		0.507	%		—		52,817.71		—		52,817.71		(52,817.71	)		—		0.00
Class C (2007-1)		0.667	%		—		166,762.50		—		166,762.50		(166,762.50	)		—		0.00
Class C (2007-2)		0.487	%		—		101,468.75		—		101,468.75		(101,468.75	)		—		0.00
Class C (2007-4)		1.537	%		—		448,306.25		—		448,306.25		(448,306.25	)		—		0.00
Class C (2009-A)		—			—		130,195.12		—		130,195.12		(130,195.12	)		—		0.00
Total Class C					—		3,510,637.83		—		3,510,637.83		(1,550,944.08	)		1,959,693.75		0.02
Total					827,223.01		21,643,859.60		—		21,643,859.60		(19,941,180.53	)		2,529,902.08		0.02

G. Class C Reserve sub-Accounts:

	Beginning Class C Reserve sub-Account Balance	Targeted Deposit to Class C Reserve sub-Account	Actual Deposit to Class C Reserve sub-Account	Withdrawals from Class C Reserve sub-Account Balance	Ending Class C Reserve sub-Account Balance	Class C Reserve sub-Account Earnings
NOTHING TO REPORT

H. Targeted Deposits to Class D Reserve sub-Accounts:

(Beginning Class D Reserve sub-Account Balance includes Class D Reserve sub-Account Earnings and deposits related to any new issuances)

	Beginning Class D Reserve sub-Account Balance	Targeted Deposit to Class D Reserve sub-Account	Actual Deposit to Class D Reserve sub-Account	Withdrawals from Class D Reserve sub-Account Balance	Ending Class D Reserve sub-Account Balance	Class D Reserve sub-Account Earnings
NOTHING TO REPORT

10

I. Targeted Deposits to Accumulation Reserve sub-Accounts:

	Beginning Accumulation Reserve sub-Account Balance	Targeted Deposit to Accumulation Reserve sub-Account	Actual Deposit to Accumulation Reserve sub-Account	Withdrawals from Accumulation Reserve Account for Interest	Withdrawals from Accumulation Reserve Account for Payments to Issuer	Ending Accumulation Reserve sub-Account Balance	Accumulation Reserve sub-Account Earnings
NOTHING TO REPORT

J. Class A Usage of Class B, C and D Subordination Amounts:

	Class A Usage of Class B Subordination Amount for this Monthly Period	Class A Usage of Class C Subordination Amount for this Monthly Period	Class A Usage of Class D Subordination Amount for this Monthly Period	Cumulative Class A Usage of Class B Subordination Amount	Cumulative Class A Usage of Class C Subordination Amount	Cumulative Class A Usage of Class D Subordination Amount
NOTHING TO REPORT

K. Class B Usage of Class C and D Subordination Amounts:

	Class B Usage of Class C Subordination Amount for this Monthly Period	Class B Usage of Class D Subordination Amount for this Monthly Period	Cumulative Class B Usage of Class C Subordination Amount	Cumulative Class B Usage of Class D Subordination Amount
NOTHING TO REPORT

11

L. Class C Usage of Class D Subordination Amounts:

	Class C Usage of Class D Subordination Amount for this Monthly Period	Cumulative Class C Usage of Class D Subordination Amount
NOTHING TO REPORT

12

M. Required and Available Subordination Amount to Class A, B and C Notes:

(as of Determination Date, after taking into account all maturities expected to occur on the Distribution Date)

	Required Subordination Amount from Class B Notes		Available Subordination Amount from Class B Notes		Required Subordination Amount from Class C Notes		Available Subordination Amount from Class C Notes		Required Subordination Amount from Class D Notes		Available Subordination Amount from Class D Notes
Class A (2004-1)		44,179,650.00		44,179,650.00		52,206,350.00		52,206,350.00		6,024,500.00		6,024,500.00
Class A (2004-4)		44,179,650.00		44,179,650.00		52,206,350.00		52,206,350.00		6,024,500.00		6,024,500.00
Class A (2004-7)		44,179,650.00		44,179,650.00		52,206,350.00		52,206,350.00		6,024,500.00		6,024,500.00
Class A (2004-8)		44,179,650.00		44,179,650.00		52,206,350.00		52,206,350.00		6,024,500.00		6,024,500.00
Class A (2005- 1)		66,269,475.00		66,269,475.00		78,309,525.00		78,309,525.00		9,036,750.00		9,036,750.00
Class A (2005- 6)		40,203,481.50		40,203,481.50		47,507,778.50		47,507,778.50		5,482,295.00		5,482,295.00
Class A (2005- 7)		44,179,650.00		44,179,650.00		52,206,350.00		52,206,350.00		6,024,500.00		6,024,500.00
Class A (2005- 9)		28,716,772.50		28,716,772.50		33,934,127.50		33,934,127.50		3,915,925.00		3,915,925.00
Class A (2005-10)		44,179,650.00		44,179,650.00		52,206,350.00		52,206,350.00		6,024,500.00		6,024,500.00
Class A (2006- 1)		44,179,650.00		44,179,650.00		52,206,350.00		52,206,350.00		6,024,500.00		6,024,500.00
Class A (2006- 3)		35,343,720.00		35,343,720.00		41,765,080.00		41,765,080.00		4,819,600.00		4,819,600.00
Class A (2006- 5)		44,179,650.00		44,179,650.00		52,206,350.00		52,206,350.00		6,024,500.00		6,024,500.00
Class A (2006- 8)		26,507,790.00		26,507,790.00		31,323,810.00		31,323,810.00		3,614,700.00		3,614,700.00
Class A (2006-10)		44,179,650.00		44,179,650.00		52,206,350.00		52,206,350.00		6,024,500.00		6,024,500.00
Class A (2006-11)		66,269,475.00		66,269,475.00		78,309,525.00		78,309,525.00		9,036,750.00		9,036,750.00
Class A (2006-12)		44,179,650.00		44,179,650.00		52,206,350.00		52,206,350.00		6,024,500.00		6,024,500.00
Class A (2006-A)
Class A (2006-B)
Class A (2006-C)
Class A (2006-D)
Class A (2006-E)
Class A (2007- 1)		55,224,562.50		55,224,562.50		65,257,937.50		65,257,937.50		7,530,625.00		7,530,625.00
Class A (2007- 2)		61,851,510.00		61,851,510.00		73,088,890.00		73,088,890.00		8,434,300.00		8,434,300.00
Class A (2007- 4)		66,269,475.00		66,269,475.00		78,309,525.00		78,309,525.00		9,036,750.00		9,036,750.00
Class A (2007- A)		17,671,860.00		17,671,860.00		20,882,540.00		20,882,540.00		2,409,800.00		2,409,800.00
Class A (2007-5)		53,015,580.00		53,015,580.00		62,647,620.00		62,647,620.00		7,229,400.00		7,229,400.00
Class A (2007-7)		88,359,300.00		88,359,300.00		104,412,700.00		104,412,700.00		12,049,000.00		12,049,000.00
Class A (2007-8)		44,179,650.00		44,179,650.00		52,206,350.00		52,206,350.00		6,024,500.00		6,024,500.00
Class A (2008-3)		53,015,580.00		53,015,580.00		62,647,620.00		62,647,620.00		7,229,400.00		7,229,400.00
Class A (2009-A)
Total Class A		1,144,694,731.50		1,144,694,731.50		1,352,666,528.50		1,352,666,528.50		156,094,795.00		156,094,795.00
Class B (2004-3)						121,917,466.17		121,917,466.17		14,173,602.77		14,173,602.77
Class B (2004-7)						150,043,825.62		150,043,825.62		17,443,452.93		17,443,452.93
Class B (2005-1)						142,237,043.87		142,237,043.87		16,535,869.90		16,535,869.90
Class B (2005-3)						81,278,310.78		81,278,310.78		9,449,068.52		9,449,068.52
Class B (2006-1)						142,237,043.87		142,237,043.87		16,535,869.90		16,535,869.90
Class B (2007- 1)						284,474,087.73		284,474,087.73		33,071,739.79		33,071,739.79
Class B (2009-C)						474,092,209.08		474,092,209.08		55,115,930.95		55,115,930.95

13

	Required Subordination Amount from Class B Notes	Available Subordination Amount from Class B Notes	Required Subordination Amount from Class C Notes		Available Subordination Amount from Class C Notes		Required Subordination Amount from Class D Notes		Available Subordination Amount from Class D Notes
Total Class B				1,396,279,987.12		1,396,279,987.12		162,325,534.76		162,325,534.76
Class C (2003-3)								21,886,167.34		21,886,167.34
Class C (2004-2)								8,754,466.93		8,754,466.93
Class C (2004-3)								32,172,665.98		32,172,665.98
Class C (2006-2)								8,754,466.93		8,754,466.93
Class C (2006-3)								10,943,083.66		10,943,083.66
Class C (2007-1)								26,263,400.80		26,263,400.80
Class C (2007-2)								21,886,167.34		21,886,167.34
Class C (2007-4)								30,640,634.27		30,640,634.27
Class C (2009-A)								6,253,842.75		6,253,842.75
Total Class C								167,554,896.00		167,554,896.00

* All balances for 2006-AA, 2006-AB, 2006-AC, 2006-AD, 2006-AE, 2008-AA and 2008-AB, 2009-AA tranches are as of End of Month.

N. Early Redemption Event

Current Month Excess Spread Amount	$	166,163,956.83
Prior Month Excess Spread Amount	$	171,978,233.95
Two Months Prior Excess Spread Amount	$	164,475,016.74
Three Month Average Excess Spread Amount	$	167,539,069.17
Is the average of the Excess Spread Amount for preceding three months greater than $0?		YES

14

IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate this 12th day of July, 2011.

Capital One Bank (USA), National Association
as Administrator
By:	/s/ F. Aubrey Thacker
Name:	F. Aubrey Thacker
Title:	Authorized Officer
Date:	07/12/2011

15