CAPITAL ONE MASTER TRUST (RECEIVABLES)
MONTHLY PERIOD : MAY 2002
Beginning of the Month Principal Receivables : 24,346,637,603.93
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Beginning of the Month Finance Charge Receivables : 849,681,304.24
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Beginning of the Month Discounted Receivables : 0.00
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Beginning of the Month Total Receivables : 25,196,318,908.17
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Removed Principal Receivables : 0.00
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Removed Finance Charge Receivables : 0.00
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Removed Total Receivables : 0.00
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Additional Principal Receivables : 1,092,203,535.46
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Additional Finance Charge Receivables : 2,255,670.67
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Additional Total Receivables :
------------------------
Discounted Receivables Generated this Period 0.00
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End of the Month Principal Receivables : 25,207,105,845.53
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End of the Month Finance Charge Receivables : 855,622,248.32
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End of the Month Discounted Receivables : 0.00
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End of the Month Total Receivables : 26,062,728,093.85
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Excess Funding Account Balance 0.00
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Adjusted Invested Amount of all Master Trust Series 21,446,504,049.00
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End of the Month Seller Percentage 14.92%
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CAPITAL ONE MASTER TRUST (DELINQUENCIES AND LOSSES)
MONTHLY PERIOD : MAY 2002 ACCOUNTS RECEIVABLES
-------- -----------
End of the Month Delinquencies :
30 - 59 Days Delinquent 423,565.00 403,037,455.76
----------------------- ------------------------
60 - 89 Days Delinquent 256,749.00 261,058,953.26
----------------------- ------------------------
90 + Days Delinquent 546,410.00 583,988,701.43
----------------------- ------------------------
Total 30 + Days Delinquent 1,226,724.00 1,248,085,110.45
----------------------- ------------------------
Delinquencies 30 + Days as a Percent of End of the Month Total Receivables 4.79%
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Defaulted Accounts During the Month 169,757.00 120,109,150.50
----------------------- ------------------------
Annualized Default Rate as a Percent of Beginning of the Month Principal Receivables 5.67%
------------------------
* See note on last page of the report
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CAPITAL ONE MASTER TRUST (COLLECTIONS)
MONTHLY PERIOD : MAY 2002 COLLECTIONS PERCENTAGES
----------- -----------
Total Collections and Gross Payment Rate 4,277,201,615.01 16.27%
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Collections of Principal Receivables and Principal Payment Rate 3,802,013,093.03 14.95%
----------------------- ------------------------
Prior Month Billed Finance Charge and Fees 366,635,145.47
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Amortized AMF Income 30,773,790.72
-----------------------
Interchange Collected 49,982,361.57
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Recoveries of Charged Off Accounts 34,871,910.54
-----------------------
Collections of Discounted Receivables 0.00
-----------------------
Collections of Finance Charge Receivables and Annualized Yield 482,263,208.30 22.75%
----------------------- ------------------------
CAPITAL ONE MASTER TRUST (AMF COLLECTIONS)
MONTHLY PERIOD : MAY 2002
Beginning Unamortized AMF Balance 161,120,098.64
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+ AMF Slug for Added Accounts 28,485.44
-----------------------
+ AMF Collections 23,699,104.40
-----------------------
- - Amortized AMF Income 30,773,790.72
-----------------------
Ending Unamortized AMF Balance 154,073,897.76
------------------------
/s/ Tom Feil
--------------------------
Tom Feil
Director of Securitization
*FOR CALCULATION PURPOSES BEGINNING OF MONTH PRINCIPAL RECEIVABLES INCLUDES
ADDITIONAL PRINCIPAL RECEIVABLES.
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