MONTHLY STATEMENT
                            CAPITAL ONE MASTER TRUST
                                  SERIES 2000-1

     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 December 16, 2002, and with respect to the performance of the Trust
during the month November, 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 December 16, 2002
         per $1,000 Original Principal Amount                                                                         5.9166666667
                                                                                                                     --------------

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                                            5.9166666667
                                                                                                                     --------------

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
                                                                                                                     --------------

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
         Original Principal Amount                                                                                    0.0000000000
                                                                                                                     --------------


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 2000-1 Investor Certificateholder's
         Investment)                                                                                                  0.0000000000
                                                                                                                     --------------

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        0.0000000000
                                                                                                                     --------------

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 December 16, 2002
         per $1,000 Original Principal Amount.                                                                        6.0833333333
                                                                                                                     --------------

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.                                           6.0833333333
                                                                                                                     --------------

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.                                           0.0000000000
                                                                                                                     --------------


                                                                  Page 19 of 59




                                                                                                                  
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
         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 2000-1 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
                                                                                                                     --------------

E)  Information Regarding Distributions to the Collateral Interest Holder
(Stated on the Basis of $1,000 Original Principal Amount)

1)       The total amount of the distribution to Collateral Interest Holder on Distribution Date: December 16, 2002
         Jan-00 per $1,000 Original Principal Amount.                                                                 6.3750000000
                                                                                                                     --------------

2)       The amount of the distribution set forth in paragraph 1 above in respect of interest
         on the Collateral Interest, per $1,000 Original Principal Amount.                                            6.3750000000
                                                                                                                     --------------

3)       The amount of the distribution set forth in paragraph 1 above in respect of principal
         of the Collateral Interest, per $1,000 Original Principal Amount.                                            0.0000000000
                                                                                                                     --------------


F)  Collateral Interest Investor Charge Off's and Reimbursement of Charge Off's
1)       The amount of Collateral Interest Investor Charge Off's                                                      0.0000000000
                                                                                                                     --------------

2)       The amount of Collateral Interest 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 Collateral Interest Investor Charge Off's             0.0000000000
                                                                                                                     --------------

4)       The amount set forth in paragraph 3 above, per $1,000 Original Principal Amount                              0.0000000000
                                                                                                                     --------------


                                                                  Page 20 of 59