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CAPITAL ONE MASTER TRUST (RECEIVABLES)
MONTHLY PERIOD: MAY 1997
Beginning of the Month Principal Receivables: 10,357,597,793.54
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Beginning of the Month Finance Charge Receivables: 346,494,904.06
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Beginning of the Month Discounted Receivables: 0.00
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Beginning of the Month Total Receivables: 10,704,092,697.60
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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: 0.00
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Additional Finance Charge Receivables: 0.00
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Additional Total Receivables: 0.00
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Discounted Receivables Generated this Period 0.00
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End of the Month Principal Receivables: 10,024,614,289.12
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End of the Month Finance Charge Receivables: 351,894,449.85
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End of the Month Discounted Receivables: 0.00
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End of the Month Total Receivables: 10,376,508,738.97
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Excess Funding Account Balance 0.00
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Adjusted Invested Amount of all Master Trust Series 8,459,480,340.58
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End of the Month Seller Percentage 15.612909%
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CAPITAL ONE MASTER TRUST (DELINQUENCIES AND LOSSES)
MONTHLY PERIOD: MAY 1997 ACCOUNTS RECEIVABLES
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End of the Month Delinquencies:
30 - 59 Days Delinquent 126,793 223,429,275.91
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60 - 89 Days Delinquent 71,666 136,311,695.14
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90 + Days Delinquent 175,207 332,810,848.70
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Total 30 + Days Delinquent 373,666 692,551,819.75
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Delinquencies 30 + Days as a Percent of End of the Month Total Receivables 6.67%
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Defaulted Accounts During the Month 41,247 65,821,864.50
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Annualized Default Rate as a Percent of Beginning of the Month Principal Receivables 7.63%
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CAPITAL ONE MASTER TRUST (COLLECTIONS)
MONTHLY PERIOD: MAY 1997 COLLECTIONS PERCENTAGES
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Total Collections and Gross Payment Rate 1,135,043,140.23 10.60%
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Collections of Principal Receivables and Principal Payment Rate 949,261,503.70 9.16%
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Prior Month Billed Finance Charge and Fees 155,481,077.81
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Amortized AMF Income 10,754,856.46
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Interchange Collected 7,205,086.08
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Recoveries of Charged Off Accounts 4,962,489.33
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Collections of Discounted Receivables 0.00
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Collections of Finance Charge Receivables and Annualized Yield 178,403,509.68 20.67%
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CAPITAL ONE MASTER TRUST (AMF COLLECTIONS)
MONTHLY PERIOD: MAY 1997
Beginning Unamoritized AMF Balance 52,981,143.29
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+ AMF Slug for Added Accounts 0.00
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+ AMF Collections 18,132,983.31
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- Amortized AMF Income 10,754,856.46
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Ending Unamortized AMF Balance 60,359,270.14
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CAPITAL ONE MASTER TRUST (DISCOUNTED RECEIVABLES)
MONTHLY PERIOD: MAY 1997
Gross Principal Payment Rate 9.16%
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May 17, 1994 3% Discount of Addition 50,184,973.92
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Total Discounted Receivables Collections as of Beginning of Month 50,184,973.92
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Collections of Discounted Receivables Current Month 0.00
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Discounted Receivables to be Collected 0.00
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CAPITAL ONE BANK
as Servicer
By: /s/ John Schmohl
-------------------------------
Name: John Schmohl
Title: Director of External Reporting
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