**Exhibit 99.1 (a)**

 

2003 ANNUAL CERTIFICATEHOLDER’S STATEMENT

CAPITAL ONE MASTER TRUST

SERIES 1998-1

 

Under theAmended and Restated Pooling and Servicing Agreement dated as of September 30,1993, as amended and restated as of August 1, 2002 (as amended and supplemented,the “Agreement”), among the Bank, as Servicer, Capital One Funding, LLC, asTransferor, and The Bank of New York, as Trustee (the “Trustee”), Capital OneBank as Servicer is required to prepare certain information regardingdistributions to Certificateholders. The information which is required to beprepared with respect to the distributions made during the preceding calendaryear is set forth below. Certain information is presented on the basis of anoriginal principal amount of $1,000 per investor Certificate (a“Certificate”).  Capitalized terms usedin this Certificate have their respective meanings set forth in the Pooling andServicing 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 per $1,000 Original  Principal Amount                                                                                                              |   | 63.1000000800 |   |
|                                                                                                                                       |                                                                                                                                                                                                                   |   |          |   |
| 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                                                               |   | 63.1000000800 |   |
|                                                                                                                                       |                                                                                                                                                                                                                   |   |          |   |
| 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  1998-1 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 per $1,000 Original  Principal Amount.                                                                                                             |   | 63.5599994243 |   |
|                                                                                                                                       |                                                                                                                                                                                                                   |   |          |   |
| 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.                                                              |   | 63.5599994243 |   |
|                                                                                                                                       |                                                                                                                                                                                                                   |   |          |   |
| 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 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  1998-1 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 Class C Certificateholders  (Stated on the Basis of $1,000 Original Principal Amount)                                                                                                                               |                                                                                                                                                                                                                   |      |          |
|                                                                                                                                                                                                                                                                     |                                                                                                                                                                                                                   |      |          |   |
| 1)                                                                                                                                                                                                                                                                       | The total amount  of the distribution to Class C Certificateholders per $1,000 Original  Principal Amount.                                                                                                             |      | 21.9088060066 |   |
|                                                                                                                                                                                                                                                                     |                                                                                                                                                                                                                   |      |          |   |
| 2)                                                                                                                                                                                                                                                                       | The amount  of the distribution set forth in paragraph 1 above in respect of interest on  the Class C Certificates, per $1,000 Original Principal Amount.                                                              |      | 21.9088060066 |   |
|                                                                                                                                                                                                                                                                     |                                                                                                                                                                                                                   |      |          |   |
| 3)                                                                                                                                                                                                                                                                       | The amount  of the distribution set forth in paragraph 1 above in respect of principal of  the Class C Certificates, per $1,000 Original Principal Amount.                                                             |      | 0.0000000000  |   |
|                                                                                                                                                                                                                                                                     |                                                                                                                                                                                                                   |      |          |   |
| F)  Class C Investor Charge Off’s and Reimbursement  of Charge Off’s                                                                                                                                                                                      |                                                                                                                                                                                                                   |      |          |
|                                                                                                                                                                                                                                                                     |                                                                                                                                                                                                                   |      |          |
| 1)                                                                                                                                                                                                                                                                       | The amount  of Class C Investor Charge Off’s                                                                                                                                                                      |      | 0.0000000000  |   |
|                                                                                                                                                                                                                                                                     |                                                                                                                                                                                                                   |      |          |   |
| 2)                                                                                                                                                                                                                                                                       | The amount  of Class C 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 C 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  1998-1 Investor Certificateholder’s Investment) |      | 0.0000000000  |   |
|                                                                                                                                                                                                                                                                     |                                                                                                                                                                                                                   |      |          |   |
| 5)                                                                                                                                                                                                                                                                       | The amount,  if any, by which the outstanding principal balance of the Class C  Certificates exceeds the Class C Invested Amount after giving effect to all  transactions on such Distribution Date                    |      | 0.0000000000  |   |
|                                                                                                                                                                                                                                                                     |                                                                                                                                                                                                                   |      |          |   |
| G) The Available Cash Collateral Amount as  of the close of business on the preceding Distribution Date (after giving  effect to any withdrawal from the Collateral Account) was equal to                                                                                |                                                                                                                                                                                                                   | 9,456,265 |          |
|                                                                                                                                                                                                                                                                     |                                                                                                                                                                                                                   |      |          |   |
| H) The Required Cash Collateral Amount as  of the close of business on the current Distribution Date, after giving  effect to any withdrawal from the Collateral Account and payments to the  Collateral Indebtedness Holder on such Distribution Date, will be equal to |                                                                                                                                                                                                                   | 9,456,265 |          |

 

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