UNITED ~~STATES SECURITIES~~ ~~AND EXCHANGE COMMISSION~~STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8–K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE ~~SECURITIES EXCHANGE ACT OF 1934~~

~~Date~~SECURITIES ofEXCHANGE ~~Report: July 11,~~ACT ~~2006~~OF 1934

~~Capital~~Date ~~One~~of Report: December ~~Funding~~11, ~~LLC as Depositor on behalf of~~2006

Capital One ~~Master~~Funding, ~~Trust (Exact name of registrant as specified in its charter)~~LLC

as Depositor on behalf of

Capital One Master Trust

(Exact name of registrant as specified in its charter)

Virginia	00–25762	54–2058720
(State or other jurisdiction of	(Commission	(IRS Employer
incorporation)	File Number)	Identification No.)

Mail Stop: 12017-0500 140 East Shore Drive, Room 1071-B, Glen Allen, Virginia		23059
(Address of principal executive offices)		(Zip Code)

(Registrant’s telephone number, including area code): ~~(804) 290-6959~~

(~~Former name or former address, if changed since last report~~804)~~: Not~~ ~~Applicable~~290-6959

(Former name or former address, if changed since last report):

Not Applicable

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events

The ~~June~~November 2006 monthly Certificateholder’s Statements to investors were distributed ~~July~~December 11, 2006.

Item 9.01. Exhibits

The following are filed as exhibits to this Report under Exhibit 20:

20.1		~~June~~November 2006 Performance Summary
20.2		Series 1998-1 Class A and Class B Certificateholder’s Statements for the month of ~~June~~November 2006
20.3		Series ~~1999~~2000-3 Class A and Class B Certificateholder’s Statements for the month of ~~June~~November 2006
20.4		Series ~~2000~~2001-31 Class A and Class B Certificateholder’s Statements for the month of ~~June~~November 2006
20.5		Series 2001-16 Class A and Class B Certificateholder’s Statements for the month of ~~June~~November 2006
20.6		Series ~~2001~~2002-51 Class A and Class B Certificateholder’s Statements for the month of ~~June~~November 2006
20.7		Series ~~2001~~2002-62 Class A and Class B Certificateholder’s Statements for the month of ~~June~~November 2006
20.8		Series ~~2001~~2002-84 Class A and Class B Certificateholder’s Statements for the month of ~~June~~November 2006
20.9		~~Series~~Performance ~~2002-1 Class A and Class B Certificateholder’s Statements for the month of June 2006~~Summary
20.10		Series 2002-2 Class A and Class B Certificateholder’s Statements for the month of June 2006
20.11		Series 2002-4 Class A and Class B Certificateholder’s Statements for the month of June 2006
20.12		Performance Summary

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned there unto duly authorized.

	CAPITAL ONE MASTER TRUST
	By:		CAPITAL ONE FUNDING, LLC, as Depositor
		By:		/s/ Steve Richter
		Name: Steve Richter
		Name:			Steve Richter
		Title: Assistant Vice President
		Title:			Assistant Vice President
Date: July 11, 2006
Date: December 11, 2006

UNITED ~~STATES~~ ~~SECURITIES AND EXCHANGE COMMISSION~~STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

EXHIBITS

FORM 8–K

CAPITAL ONE FUNDING, LLC, as Depositor ~~CAPITAL ONE MASTER TRUST CAPITAL ONE BANK~~

CAPITAL ONE MASTER TRUST

CAPITAL ONE BANK

(Exact name of registrant as specified in its charter)

INDEX TO EXHIBITS

Exhibit Number		Exhibits
Exhibit
20.1		June 2006 Performance Summary
Number		Exhibits
20.2		Series 1998-1 Class A and Class B Certificateholder’s Statements for the month of June 2006
20.1		November 2006 Performance Summary
20.3		Series 1999-3 Class A and Class B Certificateholder’s Statements for the month of June 2006
20.2		Series 1998-1 Class A and Class B Certificateholder’s Statements for the month of November 2006
20.4		Series 2000-3 Class A and Class B Certificateholder’s Statements for the month of June 2006
20.3		Series 2000-3 Class A and Class B Certificateholder’s Statements for the month of November 2006
20.5		Series 2001-1 Class A and Class B Certificateholder’s Statements for the month of June 2006
20.4		Series 2001-1 Class A and Class B Certificateholder’s Statements for the month of November 2006
20.6		Series 2001-5 Class A and Class B Certificateholder’s Statements for the month of June 2006
20.5		Series 2001-6 Class A and Class B Certificateholder’s Statements for the month of November 2006
20.7		Series 2001-6 Class A and Class B Certificateholder’s Statements for the month of June 2006
20.6		Series 2002-1 Class A and Class B Certificateholder’s Statements for the month of November 2006
20.8		Series 2001-8 Class A and Class B Certificateholder’s Statements for the month of June 2006
20.7		Series 2002-2 Class A and Class B Certificateholder’s Statements for the month of November 2006
20.9		Series 2002-1 Class A and Class B Certificateholder’s Statements for the month of June 2006
20.8		Series 2002-4 Class A and Class B Certificateholder’s Statements for the month of November 2006
20.10		Series 2002-2 Class A and Class B Certificateholder’s Statements for the month of June 2006
20.9		Performance Summary
20.11		Series 2002-4 Class A and Class B Certificateholder’s Statements for the month of June 2006
20.12		Performance Summary

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