Termination of Savings Bank Receivables Purchase Agreement July 1, 2007

Exhibit 99.1

Termination of Savings Bank Receivables Purchase Agreement

July 1, 2007

The undersigned agree that, notwithstanding any provisions to the contrary contained therein, effective as of the date hereof, the Receivables Purchase Agreement, dated as of August 1, 2002, between Capital One, F.S.B. and Capital One Funding, LLC shall hereby be terminated.

CAPITAL ONE FUNDING, LLC

By:		/s/ Xxxxxxx Xxxxx
		Name: Xxxxxxx Xxxxx
		Title:   Assistant Vice President

CAPITAL ONE, F.S.B.

By:		/s/ Xxxxx Xxxxxxx
		Name: Xxxxx Xxxxxxx
		Title:   Vice President, Treasury