SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                  ___________


                                    FORM 8-K



                                 CURRENT REPORT



                        Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934



                                 April 30, 1999
                           -------------------------
                       (Date of earliest event reported)



                       Capital One Financial Corporation
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             (Exact name of registrant as specified in its charter)


Delaware                        1-13300              54-1719854
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(State of incorporation      (Commission File    (IRS Employer
or organization)             Number)             Identification No.)

2980 Fairview Park Drive
Suite 1300
Falls Church, Virginia                                        22042
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(Address of principal executive offices)                   (Zip Code)


      Registrant's telephone number, including area code:  (703) 205-1000

 
Item 5.  Other Events.
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  See attached press release.


Item. 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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  99.1.  Press Release of the Company dated April 30, 1999.

 
                                   SIGNATURE


    Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this Current Report on Form 8-K to be signed on its
behalf by the undersigned, thereto duly authorized.


                              CAPITAL ONE FINANCIAL CORPORATION



Dated:  April 30, 1999        By:   /s/ John G. Finneran, Jr.
                              ------------------------------
                              John G. Finneran, Jr.
                              Senior Vice President, General
                              Counsel & Corporate Secretary

 
                                 EXHIBIT INDEX


            99.1  Press Release of the Company dated April 30, 1999.