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FORM OF MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1998-4
Pursuant to the Master Pooling and Servicing Agreement dated as of
September 30, 1993 (hereinafter as such agreement may have been or may be from
time to time, supplemented, amended or otherwise modified, the "Pooling and
Servicing Agreement"), between Capital One Bank (as successor to Signet
Bank/Virginia), and The Bank of New York, as trustee (the "Trustee"), Capital
One 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 May 17,
1999, and with respect to the performance of the Trust during the month April,
1999 is set forth below. Certain of the information is presented on the basis of
an original principal amount of $1,000 per investor Certificate (a
"Certificate"). Certain other information is presented based on the aggregate
amounts for the Trust as a whole. Capitalized terms used in this Certificate
have their respective meanings set forth in the Pooling and Servicing Agreement.
A) Information Regarding Distributions to the Class A Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class A Certificateholders on May 17, 1999 4.5250000079
per $1,000 Original Principal Amount ------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 4.5250000079
on the Class A Certificates, per $1,000 Original Principal Amount ------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class A Certificates, per $1,000 Original Principal Amount ------------
B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.0000000000
------------
2) The amount of Class A Investor Charge Off's set forth in paragraph 1 above, per $1,000 0.0000000000
Original Principal Amount ------------
3) The total amount reimbursed to the Trust in respect of Class A Investor Charge Off's 0.0000000000
------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1998-4 Investor Certificateholder's 0.0000000000
Investment) ------------
5) The amount, if any, by which the outstanding principal balance of the Class A Certificates 0.0000000000
exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date ------------
C) Information Regarding Distributions to the Class B Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class B Certificateholders on May 17, 1999 4.9566666667
per $1,000 Original Principal Amount. ------------
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2) The amount of the distribution set forth in paragraph 1 above in respect of interest 4.9566666667
on the Class B Certificates, per $1,000 Original Principal Amount. ------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class B Certificates, per $1,000 Original Principal Amount. ------------
D) Class B Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class B Investor Charge Off's 0.0000000000
------------
2) The amount of Class B Investor Charge Off's set forth in paragraph 1 above, per $1,000 0.0000000000
Original Principal Amount ------------
3) The total amount reimbursed to the Trust in respect of Class B Investor Charge Off's 0.0000000000
------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1998-4 Investor Certificateholder's 0.0000000000
Investment) ------------
5) The amount, if any, by which the outstanding principal balance of the Class B Certificates 0.0000000000
exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date ------------
E) Information Regarding Distributions to the Class C Certificateholders
(Stated on the Basis of $1,000 Original Principal Amount)
1) The total amount of the distribution to Class C Certificateholders on May 17, 1999 5.4299289462
per $1,000 Original Principal Amount. ------------
2) The amount of the distribution set forth in paragraph 1 above in respect of interest 5.4299289462
on the Class C Certificates, per $1,000 Original Principal Amount. ------------
3) The amount of the distribution set forth in paragraph 1 above in respect of principal 0.0000000000
of the Class C Certificates, per $1,000 Original Principal Amount. ------------
F) Class C Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class C Investor Charge Off's 0.0000000000
------------
2) The amount of Class C Investor Charge Off's set forth in paragraph 1 above, per $1,000 0.0000000000
Original Principal Amount ------------
3) The total amount reimbursed to the Trust in respect of Class C Investor Charge Off's 0.0000000000
------------
4) The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount (which will
have the effect of increasing, pro rata, the amount of each Series 1998-4 Investor Certificateholder's 0.0000000000
Investment) ------------
5) The amount, if any, by which the outstanding principal balance of the Class C Certificates 0.0000000000
exceeds the Class C Invested Amount after giving effect to all transactions on such Distribution Date ------------
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G) The Available Cash Collateral Amount as of the close of business on the preceding Distribution Date (after 9,375,000.00
giving effect to any withdrawal from the Collateral Account) was equal to ------------
H) The Required Cash Collateral Amount as of the close of business on the upcoming Distribution Date,
after giving effect to any withdrawal from the Cash Collateral Account and payments to the Class 9,375,000.00
C Interest Holder on such Distribution Date, will be equal to ------------
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