**Exhibit 99.2 (d)**

 

2007ANNUAL

CERTIFICATEHOLDER’SSTATEMENT

CAPITALONE MASTER TRUST

SERIES2002-1

Under the Amended andRestated Pooling and Servicing Agreement dated as of September 30, 1993,as amended and restated as of August 1, 2002, January 13, 2006, March 23,2007 and July 1, 2007 and as further amended by the First Amendment, dated asof March 1, 2008 (the “Agreement”), among Capital One Bank (USA), National Association, as Servicer,Capital One Funding, LLC, as Transferor, and The Bank of New York, as Trustee(the “Trustee”), Capital One Bank (USA), National Association is required toprepare certain information each month regarding current distributions toCertificateholders. The information which is required to be prepared withrespect to the distributions made during the preceding calendar year is setforth below. Certain information is presented on the basis of an originalprincipal amount of $1,000 per investor Certificate (a “Certificate”).Capitalized terms used in this Certificate have their respective meanings setforth in the 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                                                                                                                          |   | 55.3902127754 |
|   |                                                                            |                                                                                                                                                                                                                                   |   |   |
|   | 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 on the Class A Certificates, per $1,000  Original Principal Amount  |   | 55.3902127754 |
|   |                                                                            |                                                                                                                                                                                                                                   |   |   |
|   | 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 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                                                                                                                                                                                  |   | $ | 0.00 |
|   |                                                                            |                                                                                                                                                                                                                                   |   |   |
|   | 2)                                                                              | The amount of Class A Investor Charge Off’s set  forth in paragraph 1 above, per $1,000 Original Principal Amount                                                                                                            |   | 0.0000000000 |

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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|   | 3)     | The total amount reimbursed to the Trust in respect  of Class A Investor Charge Off’s                                                                                                                             |   | $             | 0.00 |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|------|
|   |   |                                                                                                                                                                                                                        |   |          |
|   | 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 2002-1 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 per $1,000 Original Principal Amount.                                                                                                              |   | 59.4346571000 |
|   |   |                                                                                                                                                                                                                        |   |          |
|   | 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.                                                              |   | 59.4346571000 |
|   |   |                                                                                                                                                                                                                        |   |          |
|   | 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  |
|   |   |                                                                                                                                                                                                                        |   |          |
| D)     |   | Class B Investor Charge Off’s and Reimbursement  of Charge Off’s                                                                                                                                             |   |          |
|   |   |                                                                                                                                                                                                                        |   |          |
|   | 1)     | The amount of Class B Investor Charge Off’s                                                                                                                                                                       |   | $             | 0.00 |
|   |   |                                                                                                                                                                                                                        |   |          |
|   | 2)     | The amount of Class B Investor Charge Off’s set  forth in paragraph 1 above, per $1,000                                                                                                                           |   |          |
|   |   | Original Principal Amount                                                                                                                                                                                                   |   | 0.0000000000  |
|        |        |                                                                                                                                                                                                                             |        |               |      |  |

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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|         | 3)           | The total amount reimbursed to the Trust in respect  of Class B Investor Charge Off’s                                                                                                                             |         | $             | 0.00 |
|--------------|--------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------|---------------|------|
|         |         |                                                                                                                                                                                                                        |         |          |
|         | 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 2002-1 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 |
|         |         |                                                                                                                                                                                                                        |         |          |
| E)           |         | Information Regarding Distributions to the  Collateral Interest Holder (Stated on the Basis of $1,000 Original Principal  Amount)                                                                                           |         |          |
|         |         |                                                                                                                                                                                                                        |         |          |
|         | 1)           | The total amount of the distribution to Collateral  Interest Holder per $1,000 Original Principal Amount.                                                                                                                   |         | 67.5235459310 |
|         |         |                                                                                                                                                                                                                        |         |          |
|         | 2)           | The amount of the distribution set forth in  paragraph 1 above in respect of interest on the Collateral Interest, per  $1,000 Original Principal Amount.                                                                    |         | 67.5235459310 |
| *** *** | *** *** | *** ***                                                                                                                                                                                                                | *** *** | *** ***  |
|         | 3)           | The amount of the distribution set forth in  paragraph 1 above in respect of principal of the Collateral Interest, per  $1,000 Original Principal Amount.                                                                   |         | 0.0000000000  |
|         |         |                                                                                                                                                                                                                        |         |          |
| F)           |         | Collateral Interest Investor Charge Off’s and  Reimbursement of Charge Off’s                                                                                                                                      |         |          |
|         |         |                                                                                                                                                                                                                        |         |          |
|         | 1)           | The amount of Collateral Interest Investor Charge  Off’s                                                                                                                                                               |         | $             | 0.00 |
|         |         |                                                                                                                                                                                                                        |         |          |
|         | 2)           | The amount of Collateral Interest 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 Collateral Interest Investor Charge Off’s                                                                                                                      |         | $             | 0.00 |
|         |         |                                                                                                                                                                                                                        |         |          |
|         | 4)           | The amount set forth in paragraph 3 above, per  $1,000 Original Principal Amount                                                                                                                                            |         | 0.0000000000  |

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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