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                           FORM OF MONTHLY STATEMENT
                            CAPITAL ONE MASTER TRUST
                                 SERIES 1993-1

     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"), between Capital One Bank (as successor to Signet
Bank/Virginia), 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 July
15, 1996, and with respect to the performance of the Trust during the month of
June, 1996 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 July 15, 1996                
        per $1,000 Original Principal Amount                                                                         4.3333333333
                                                                                                               ------------------

     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                                            4.3333333333
                                                                                                               ------------------
                                                                                                           
     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 of 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 1993-1 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                0.00
                                                                                                               ------------------
                                                                                                           
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 July 15, 1996                     
        per $1,000 Original Principal Amount.                                                                        4.5000000000
                                                                                                               ------------------
                                                                                                           
     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.                                           4.5000000000
                                                                                                               ------------------
                                                                                                           
     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
                                                                                                               ------------------

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

     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 of 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 1993-1 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                 0.00
                                                                                                                 -----------------  
                                                                                                                 


                                     CAPITAL ONE BANK
                                     as Servicer


                                     By :       /s/ John Schmohl
                                                -------------------------------
                                     Name :     John Schmohl
                                     Title :    Director of External Reporting


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