MONTHLY STATEMENT
CAPITAL ONE MASTER TRUST
SERIES 1996-3
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"), among Capital One Funding, LLC, as Transferor, Capital
One Bank, as Servicer, 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 January 15, 2003, and with respect to the performance of the Trust
during the month December, 2002 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
January 15, 2003 per $1,000 Original Principal Amount 1.2833333250
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2) The amount of the distribution set forth in paragraph 1 above in
respect of interest on the Class A Certificates, per $1,000 Original
Principal Amount 1.2833333250
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3) The amount of the distribution set forth in paragraph 1 above in
respect of principal of the Class A Certificates, per $1,000 Original
Principal Amount 0.0000000000
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B) Class A Investor Charge Off's and Reimbursement of Charge Off's
1) The amount of Class A Investor Charge Off's 0.00
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2) The amount of Class A Investor Charge Off's set forth in paragraph 1
above, per $1,000 Original Principal Amount 0.0000000000
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3) The total amount reimbursed to the Trust in respect of Class A Investor
Charge Off's 0.00
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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 1996-3 Investor Certificateholder's
Investment) 0.0000000000
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5) The amount, if any, by which the outstanding principal balance of the
Class A Certificates exceeds the Class A Invested Amount after giving
effect to all transactions on such Distribution Date 0.00
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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
January 15, 2003 per $1,000 Original Principal Amount. 1.4833332727
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2) The amount of the distribution set forth in paragraph 1 above in
respect of interest on the Class B Certificates, per $1,000 Original
Principal Amount. 1.4833332727
------------------
3) The amount of the distribution set forth in paragraph 1 above in
respect of principal of the Class B Certificates, per $1,000 Original
Principal Amount. 0.00
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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
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2) The amount of Class B Investor Charge Off's set forth in paragraph 1
above, per $1,000 Original Principal Amount 0.0000000000
------------------
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 1996-3 Investor Certificateholder's
Investment) 0.0000000000
------------------
5) The amount, if any, by which the outstanding principal balance of the
Class B Certificates exceeds the Class B Invested Amount after giving
effect to all transactions on such Distribution Date 0.0000000000
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E) The Available Collateral Amount as of the close of business on the preceding
Distribution Date (after giving effect to any withdrawal from the Collateral
Account) was equal to 45,000,000
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F) The Required Collateral Amount as of the close of business on such
Distribution Date, after giving effect to any withdrawal from the Collateral
Account and payments to the Collateral Indebtedness Holder on such
Distribution Date, will be equal to 45,000,000
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