**Exhibit 99.1 (c)**

 

2003 ANNUAL CERTIFICATEHOLDER’S STATEMENT

CAPITAL ONE MASTER TRUST

SERIES 1999-3

 

Under the Amended and Restated Pooling and Servicing Agreement dated asof September 30, 1993, as amended and restated as of August 1, 2002 (as amendedand supplemented, the “Agreement”), among the Bank, as Servicer, Capital OneFunding, LLC, as Transferor, and The Bank of New York, as Trustee (the“Trustee”), Capital One Bank as Servicer is required to prepare certaininformation regarding distributions to Certificateholders. The informationwhich is required to be prepared with respect to the distributions made duringthe preceding calendar year is set forth below. Certain information ispresented on the basis of an original principal amount of $1,000 per investorCertificate (a “Certificate”). Capitalized terms used in this Certificate have their respectivemeanings set forth in the Pooling and Servicing 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                                                                                                              |   | 14.8115841750 |   |
|                                                                                                                                       |                                                                                                                                                                                                                  |   |          |   |
| 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                                                              |   | 14.8115841750 |   |
|                                                                                                                                       |                                                                                                                                                                                                                  |   |          |   |
| 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 1999-3 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.                                                                                                             |   | 17.1435286000 |   |
|                                                                                                                                       |                                                                                                                                                                                                                  |   |          |   |
| 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.                                                             |   | 17.1435286000 |   |
|                                                                                                                                       |                                                                                                                                                                                                                  |   |          |   |
| 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 1999-3 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 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.                                                                                                             |   | 72.4999992000 |   |
|                                                                                                                                       |                                                                                                                                                                                                                  |   |          |   |
| 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.                                                              |   | 72.4999992000 |   |
|                                                                                                                                       |                                                                                                                                                                                                                  |   |          |   |
| 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                                                                                                                                                          |   | 0.0000000000  |   |
|                                                                                                                                       |                                                                                                                                                                                                                  |   |          |   |
| 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                                                                                                                |   | 0.0000000000  |   |
|                                                                                                                                       |                                                                                                                                                                                                                  |   |          |   |
| 4)                                                                                                                                         | The amount set forth in paragraph 3 above, per $1,000 Original  Principal Amount                                                                                                                                      |   | 0.0000000000  |   |

 

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