**Exhibit99.1**

 

CAPITAL ONE MULTI-ASSET EXECUTION TRUSTDistributions during 2004

 

**Total Interest paid during 2004 andInterest payments deposited but not yet paid as of December 31, 2004**

 

 
| **Tranche**         | ** ** | **CUSIP Number** | ** ** | **Total Amount of Interest** | ** ** | **Per $1000** | ** ** |
|---------------------|------------|------------------|------------|------------------------------|------------|---------------|------------|
| Class A (2002-1)    |       | 14041NAC5        |       | 9,043,454.87                 |       | 18.0869097400 |       |
| Class A (2002-2)    |       | 14041NAD3        |       | 10,360,145.82                |       | 17.2669097000 |       |
| Class A (2003-1)    |       | 14041NAJ0        |       | 23,180,291.65                |       | 19.3169097083 |       |
| Class A (2003-2)    |       | 14041NAR2        |       | 8,223,454.86                 |       | 16.4469097200 |       |
| Class A (2003-3)    |       | 14041NAS0        |       | 8,940,954.85                 |       | 17.8819097000 |       |
| Class A (2003-4)    |       | 14041NAW1        |       | 27,375,000.00                |       | 36.5000000000 |       |
| Class A (2003-5)    |       | 14041NAX9        |       | 9,145,954.86                 |       | 18.2919097200 |       |
| Class A (2003-6)    |       | 14041NAY7        |       | 14,750,000.04                |       | 29.5000000800 |       |
| Class A (2003-7)    |       | 14041NBC4        |       | 12,873,307.28                |       | 17.1644097067 |       |
| Class A (2004-1)    |       | 14041NBG5        |       | 7,971,631.95                 |       | 15.9432639000 |       |
| Class A (2004-2)    |       | 14041NBK6        |       | 10,108,906.24                |       | 13.4785416533 |       |
| Class A (2004-3)    |       | 14041NBM2        |       | 6,312,187.50                 |       | 12.6243750000 |       |
| Class A (2004-4)(1) |       | 14041NBN0        |       | 5,304,472.23                 |       | 12.1586458500 |       |
| Class A (2004-5)    |       | 14041NBP5        |       | 2,345,395.84                 |       | 11.7269792000 |       |
| Class A (2004-6)    |       | 14041NBQ3        |       | 7,432,333.33                 |       | 9.9097777733  |       |
| Class A (2004-7)    |       | 14041NBU4        |       | 3,982,541.67                 |       | 7.9650833400  |       |
| Class A (2004-8)    |       | 14041NBW0        |       | 2,273,552.78                 |       | 4.5471055600  |       |
|                |       |             |       |                         |       |          |       |
| Class B (2002-1)    |       | 14041NAA9        |       | 7,801,293.41                 |       | 22.2894097429 |       |
| Class B (2003-1)    |       | 14041NAK7        |       | 5,462,381.95                 |       | 27.3119097500 |       |
| Class B (2003-2)    |       | 14041NAL5        |       | 5,250,000.00                 |       | 35.0000000000 |       |
| Class B (2003-3)    |       | 14041NAT8        |       | 6,750,000.00                 |       | 45.0000000000 |       |
| Class B (2003-4)    |       | 14041NAU5        |       | 4,703,881.95                 |       | 23.5194097500 |       |
| Class B (2003-5)    |       | 14041NBA8        |       | 7,185,000.00                 |       | 47.9000000000 |       |
| Class B (2003-6)    |       | 14041NBB6        |       | 5,187,977.43                 |       | 20.7519097200 |       |
| Class B (2004-1)    |       | 14041N  BF7      |       | 4,796,935.76                 |       | 19.1877430400 |       |
| Class B (2004-2)    |       | 14041NBJ9        |       | 3,881,163.20                 |       | 15.5246528000 |       |
| Class B (2004-3)    |       | 14041NBL4        |       | 2,736,031.24                 |       | 18.2402082667 |       |
| Class B (2004-4)    |       | 14041NBR1        |       | 1,676,437.51                 |       | 11.1762500667 |       |
| Class B (2004-5)    |       | 14041NBS9        |       | 3,679,444.46                 |       | 18.3972223000 |       |
| Class B (2004-6)    |       | 14041NBV2        |       | 2,236,388.90                 |       | 11.1819445000 |       |
|                |       |             |       |                         |       |          |       |
| Class C (2002-1)    |       | 14041NAB7        |       | 6,526,036.46                 |       | 43.5069097333 |       |
| Class C (2003-1)    |       | 14041NAP6        |       | 10,364,227.43                |       | 41.4569097200 |       |
| Class C (2003-2)    |       | 14041NAQ4        |       | 9,720,000.00                 |       | 43.2000000000 |       |
| Class C (2003-3)    |       | 14041NAV3        |       | 9,595,477.43                 |       | 38.3819097200 |       |
| Class C (2003-4)    |       | 14041NAZ4        |       | 15,000,000.00                |       | 60.0000000000 |       |
| Class C (2003-5)    |       | 14041NBD2        |       | 4,066,036.45                 |       | 27.1069096667 |       |
| Class C (2004-1)    |       | 14041N  BE0      |       | 6,686,666.70                 |       | 33.4333335000 |       |
| Class C (2004-2)    |       | 14041NBH3        |       | 2,310,909.71                 |       | 23.1090971000 |       |
| Class C (2004-4)    |       | 14041NBT7        |       | 1,517,354.17                 |       | 10.1156944667 |       |

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(1)          Of the $500,000,000 principal amount ofthe Class A(2004-4) notes, $400,000,000 was issued on 6/10/04 and $100,000,000was issued on 11/23/04.

 

**Total Principal paid during 2004:**

 
| **Tranche**       | ** ** | **CUSIP Number** | ** ** | **Principal Payment  Date** | ** ** | **Total Amount of  Principal** | ** ** | **Per $1,000** | ** ** |
|-------------------|------------|------------------|------------|-----------------------------|------------|--------------------------------|------------|----------------|------------|
| NOTHING TO REPORT |       |             |       |                        |       |                           |       |           |       |
|              |       |             |       |                        |       |                           |       |           |       |

 
| **CAPITAL ONE MULTI-ASSET  EXECUTION TRUST Aggregated Data for 2004**    |   |   |              |
|--------------------------------------------------------------------------|--------|--------|-------------------|
|                                                                     |   |   |              |   |   |   |   |   |   |
| Finance Charge Collections  Allocated                                    |   | $      | 2,733,843,761.16  |   |
| Principal Collections  Allocated                                         |   | $      | 23,562,837,367.99 |   |
| Interest payments for each  publicly registered tranche of total series  |   | $      | 296,757,229.93    |   |
| Principal payments for  each publicly registered tranche of total series |   | — |              |
| Total servicing fees *                                                   |   | $      | 265,526,867.38    |   |
|                                                                          |        |        |                   |  |  |  |  |  |  |  |

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*                 Servicing Fee includes portion ofServicing Fee funded by Servicer Interchange paid to Capital One Bank as theServicer of the Capital One Master Trust.

 

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