Exhibit 4.8



 Exhibit 4.8 
 CAPITAL ONE MASTER TRUST 
 FIRST AMENDMENT TO THE 
 ASSET POOL 1 SUPPLEMENT 
 This FIRST AMENDMENT TO THE ASSET POOL 1 SUPPLEMENT, dated as
of March 1, 2008 (this “Amendment”) to the Asset Pool 1 Supplement, dated as of October 9, 2002 (the “Supplement”), is entered into between CAPITAL ONE MULTI-ASSET EXECUTION TRUST, a statutory trust
created under the laws of the State of Delaware (the “Issuer”), and THE BANK OF NEW YORK, a New York banking corporation, as Indenture Trustee (the “Indenture Trustee”). 
 WHEREAS, effective March 1, 2008, Capital One Bank has been converted into and has become Capital One Bank (USA), National Association, a national
banking association (the “Bank”); 
 WHEREAS, by operation of law on March 1, 2008, all of the assets and rights of
Capital One Bank have become vested in the Bank, and the Bank has assumed all of the liabilities and obligations of Capital One Bank; 
 NOW,
THEREFORE, in consideration of the premises and agreements contained herein and notwithstanding anything to the contrary set forth in the Supplement, the undersigned parties hereby agree as follows: 
 ARTICLE I 
 AMENDMENTS 
 Section 1.01. Amendments to the Supplement. The Supplement is hereby amended by deleting all references therein to “Capital One
Bank” and replacing such references with “Capital One Bank (USA), National Association.” 
 ARTICLE II 
 CONDITIONS PRECEDENT 
 Section 2.01.
Effectiveness. The amendments provided for by this Amendment shall become effective upon satisfaction of the following conditions: 
 (a) delivery of a Master Trust Tax Opinion, pursuant to Section 901 of the Indenture, dated as of October 9, 2002, as amended and restated as of January 13, 2006 (the “Indenture”), between the Issuer and the
Indenture Trustee, for each applicable Master Trust; 
 (b) delivery of an Issuer Tax Opinion, pursuant to Section 901 of the Indenture;








 (c) prior notice to each Rating Agency of this Amendment; 
 (d) delivery of written confirmation from each Rating Agency that this Amendment will not have a Ratings Effect; 
 (e) delivery of an Officer’s Certificate, pursuant to Section 901 of the Indenture, from the Issuer to the Trustee and the Owner Trustee, to
the effect that the Issuer reasonably believes that this Amendment will not have an Adverse Effect and is not reasonably expected to have an Adverse Effect at any time in the future; 
 (f) counterparts of this Amendment, duly executed by the parties hereto; and 
 (g) Capital One Bank has been converted into and has become the Bank. 
 ARTICLE III 
 MISCELLANEOUS 
 Section 3.01. Waiver of Notice. Notwithstanding anything to the contrary set forth in the Supplement, each of the undersigned parties hereby waive any notice or other timing requirements with respect to
and gives its consent to the amendments provided for herein. 
 Section 3.02. Ratification of Supplement. Except as specifically
amended, modified or supplemented by this Amendment, the Supplement is hereby confirmed and ratified in all respects and shall remain in full force and effect. This Amendment shall not constitute a novation of the Supplement, but shall constitute an
amendment thereof. Each of the parties to the Supplement agrees to be bound by the terms of the obligations of the Supplement, as amended by this Amendment, as though the terms and obligations of such agreement were set forth herein. 
 Section 3.03. Counterparts. This Amendment may be executed in any number of counterparts and by separate parties hereto on separate
counterparts, each of which when executed shall be deemed an original, but all such counterparts taken together shall constitute one and the same instrument. 
 Section 3.04. Governing Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS (OTHER THAN SECTION 5-1401 OF THE
GENERAL OBLIGATION LAW), AND THE OBLIGATIONS, RIGHTS, REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
 Section 3.05. Defined Terms and Section References. Capitalized terms used herein and not otherwise defined herein shall have the meanings given to such terms in the Supplement. All Section or Subsection references herein shall
mean Sections or Subsections in the Supplement, except as otherwise provided herein. 







 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective
officers thereunto duly authorized, all as of the day and year first above written. 
  

			
	CAPITAL ONE MULTI-ASSET EXECUTION TRUST
	
	By: DEUTSCHE BANK TRUST COMPANY DELAWARE, not in its individual capacity, but solely as Owner Trustee on behalf of the Trust
		
	By:	 	 /s/ Michele HY Voon

	Name:	 	Michele HY Voon
	Title:	 	Attorney-in-fact
		
	By:	 	 /s/ Susan Barstock

	Name:	 	Susan Barstock
	Title:	 	Attorney-in-fact
	
	THE BANK OF NEW YORK, as Indenture Trustee and not in its individual capacity
		
	By:	 	 /s/ Catherine M. Hughes

	Name:	 	Catherine M. Hughes
	Title:	 	Assistant Vice President


  

			
	Acknowledged and Accepted By:
	
	CAPITAL ONE BANK (USA), NATIONAL ASSOCIATION, as Administrator
		
	By:	 	 /s/ Richard Johns

		 	Name: Richard Johns
		 	Title: Vice President, Treasury
	
	CAPITAL ONE FUNDING, LLC, as Transferor
		
	By:	 	 /s/ Robert Stradtman

		 	Name: Robert Stradtman
		 	Title: Assistant Vice President

 [Signature Page to First Amendment to Asset Pool 1 Supplement]