**Exhibit 99.1 (a)**

 

2005 ANNUALCERTIFICATEHOLDER’S STATEMENTCAPITAL 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 Capital One Bank, as Servicer, Capital One Funding,LLC, as Transferor, and The Bank of New York, as Trustee (the “Trustee”),Capital One Bank, is required to prepare certain information each monthregarding current distributions to Certificateholders.  The information which is required to beprepared with respect to the distributions made during the preceding calendaryear is set forth below.  Certaininformation is presented on the basis of an original principal amount of $1,000per investor Certificate (a “Certificate”). Capitalized terms used in this Certificate have their respectivemeanings 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 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                                                                                                                                                                      |   | $ | 0.00 |   |
|                                                                                                                                 |   |                                                                                                                                                                                                                   |   |   |   |
| 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 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                    |   | $ | 0.00 |   |
|                                                                                                                                 |   |                                                                                                                                                                                                                   |   |   |   |
| 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.                                                                                                             |   | 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                                                                                                                                                                      |         | $ | 0.00 |   |
|                                                                                                                                                                                                                                                                           |   |                                                                                                                                                                                                                   |         |   |   |
| 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 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                    |         | $ | 0.00 |   |
|                                                                                                                                                                                                                                                                           |   |                                                                                                                                                                                                                   |         |   |   |
| 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.                                                                                                             |         | 43.7451870570 |   |
|                                                                                                                                                                                                                                                                           |   |                                                                                                                                                                                                                   |         |   |   |
| 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.                                                              |         | 43.7451870570 |   |
|                                                                                                                                                                                                                                                                           |   |                                                                                                                                                                                                                   |         |   |   |
| 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                                                                                                                                                                      |         | $ | 0.00 |   |
|                                                                                                                                                                                                                                                                           |   |                                                                                                                                                                                                                   |         |   |   |
| 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                                                                                                                             |         | $ | 0.00 |   |
|                                                                                                                                                                                                                                                                           |   |                                                                                                                                                                                                                   |         |   |   |
| 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 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                    |         | $ | 0.00 |   |
|                                                                                                                                                                                                                                                                           |   |                                                                                                                                                                                                                   |         |   |   |
| 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                                                                                     |   | $                                                                                                                                                                                                                      | 9,456,264.78 |   |
|                                                                                                                                                                                                                                                                           |   |                                                                                                                                                                                                                   |         |   |   |
| 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 Cash Collateral Account  and payments to the Collateral Indebtedness Holder on such Distribution Date,  will be equal to |   | $                                                                                                                                                                                                                      | 9,456,264.78 |   |

 

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