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 of Report: April 9, 2003

CAPITAL ONE MULTI-ASSET EXECUTION TRUST

CAPITAL ONE FUNDING LLC
(as depositor)

(Exact name of registrant as specified in its charter)

Virginia		333—75276		54-2058720
(State or other jurisdiction of incorporation)		(Registration Statement Number)		(IRS Employer Identification No.)

140 East Shore Drive, Room 1048, Glen Allen, VA		23059
(Address of principal executive offices)		(Zip Code)

(Registrant’s telephone number, including area code):
(804) 967-1000

(Former name or former address, if changed since last report):
Not Applicable

Item 5. Other Events

The March 2003 monthly Certificateholder’s Statements to investors were distributed on April 9, 2003.

Item 7 (c). Exhibits

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

1. March 2003 Performance Summary and Collateral Certificate Statement.

2. Card Series Noteholder’s Statement for the month of March 2003.

Signature

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


	CAPITAL ONE MULTI-ASSET EXECUTION TRUST
	By:	CAPITAL ONE FUNDING LLC
		Servicer

	By:	/s/ Tom Feil
		Tom Feil
		Director of Capital Markets

April 9, 2003