**Exhibit 99.1 (l)**

 

2004 ANNUAL CERTIFICATEHOLDER’S STATEMENT

CAPITAL ONE MASTER TRUST

SERIES 2002-1

 

Under the Amended andRestated Pooling and Servicing Agreement dated as of September 30, 1993, asamended and restated as of August 1, 2002 (as amended and supplemented, the “Agreement”),among Capital One Bank, as Servicer, Capital One Funding, LLC, as Transferor,and The Bank of New York, as Trustee (the “Trustee”), Capital One Bank, isrequired to prepare certain information each month regarding current distributionsto Certificateholders.  The informationwhich is required to be prepared with respect to the distributions made duringthe preceding calendar year is set forth below. Certain information is presented on the basis of an original principalamount of $1,000 per investor Certificate (a “Certificate”).  Capitalized terms used in this certificatehave their respective meanings set forth 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 Certificateholdersper $1,000 Original Principal  Amount                                                                                                               |   | 17.3694097354 |   |
|                                                                                                                                  |   |                                                                                                                                                                                                                   |   |   |   |
| 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                                                               |   | 17.3694097354 |   |
|                                                                                                                                  |   |                                                                                                                                                                                                                   |   |   |   |
| 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                                                                                                                                                                      |   | $ | 0.00 |   |
|                                                                                                                                  |   |                                                                                                                                                                                                                   |   |   |   |
| 2)                                                                                                                                    |   | The amount of Class A  Investor Charge Off’s set forth in paragraph 1 above, per $1,000 Original  Principal Amount                                                                                                |   | 0.0000000000 |   |
|                                                                                                                                  |   |                                                                                                                                                                                                                   |   |   |   |
| 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                    |   | 0.0000000000 |   |
|                                                                                                                                  |   |                                                                                                                                                                                                                   |   |   |   |
| 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.                                                                                                             |   | 21.4694096000 |   |
|                                                                                                                                  |   |                                                                                                                                                                                                                   |   |   |   |
| 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.                                                              |   | 21.4694096000 |   |
|                                                                                                                                  |   |                                                                                                                                                                                                                   |   |   |   |
| 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                                                                                                                                                                      |   | $ | 0.00 |   |
|                                                                                                                                 |   |                                                                                                                                                                                                                   |   |   |   |
| 2)                                                                                                                                   |   | The amount of Class B  Investor Charge Off’s set forth in paragraph 1 above, per $1,000 Original  Principal Amount                                                                                                |   | 0.0000000000 |   |
|                                                                                                                                 |   |                                                                                                                                                                                                                   |   |   |   |
| 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.                                                                                                             |   | 29.6694098286 |   |
|                                                                                                                                 |   |                                                                                                                                                                                                                   |   |   |   |
| 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.                                                               |   | 29.6694098286 |   |
|                                                                                                                                 |   |                                                                                                                                                                                                                   |   |   |   |
| 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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