EX-99.2 3 dex992.htm EXHIBIT 99.2 Exhibit 99.2

Exhibit 99.2

CARD SERIES SCHEDULE TO

MONTHLY NOTEHOLDERS’ STATEMENT

Date: 01/12/2009

CAPITAL ONE MULTI-ASSET EXECUTION TRUST, ASSET POOL 1

Monthly Period Ending: December 31, 2008

Reference is made to the Series 2002-CC Supplement as amended, (the “Series 2002-CC Supplement”), dated as of October 9, 2002, between Capital One Funding, LLC, a Virginia limited liability company (“Funding”), as Transferor, Capital One Bank (USA), National Association, a national banking association (the “Bank”), as Servicer, and The Bank of New York, as Trustee, and the Indenture as amended, (the “Indenture”), dated as of October 9, 2002, between Capital One Multi-asset Execution Trust, as Issuer, and The Bank of New York, as Indenture Trustee.

The following computations are prepared with respect to the Transfer Date of January 14, 2009 and with respect to the performance of the Trust during the related Monthly Period from December 1, 2008 through December 31, 2008. Current Distribution Date is January 15, 2009.

Interest Period for all tranches generally includes the previous Distribution Date (or in the case of the initial Interest Payment Date, the Issuance Date) through the day preceding the current Distribution Date. Interest on floating rate tranches is calculated on the basis of 360-day year and the actual number of days in the related interest Period. Interest on fixed rate tranches is calculated on the basis of a 360-day year and twelve 30-day months.

Material terms, parties and related abbreviations used herein may be found in the following documents as filed with the Securities and Exchange Commission (“SEC”).

 

Amended and Restated Pooling and Servicing Agreement dated as of August 1, 2002, January 13, 2006, March 23, 2007 and July 1, 2007.    Included in Exhibit 4.2 to Funding’s Form 8-K filed with the SEC on July 6, 2007.
First Amendment to Amended and Restated Pooling and Servicing Agreement dated as of March 1, 2008.    Included in Exhibit 4.2 to Funding’s Form 8-K filed with the SEC on March 4, 2008.
Series 2002-CC Supplement to the Amended and Restated Pooling and Servicing Agreement dated as of October 9, 2002, relating to the COMT Collateral Certificate.    Included in Exhibit 4.1 to Fundings Form 8-K filed with the SEC on November 12, 2002.
First Amendment to the Series 2002-CC Supplement dated as of March 1, 2008.    Included in Exhibit 4.6 to Funding’s Form 8-K filed with the SEC on March 4, 2008.
Transfer and Administration Agreement dated as of October 9, 2002.    Included in Exhibit 4.2 to Fundings Form 8-K filed with the SEC on November 12, 2002.
First Amendment to Transfer and Administration Agreement dated as of March 1, 2008.    Included in Exhibit 4.10 to Funding’s Form 8-K filed with the SEC on March 4, 2008.

 

1

Capital One Multi-asset Execution Trust Amended and Restated Trust Agreement dated as of October 9, 2002.    Included in Exhibit 4.3 to Fundings Form 8-K filed with the SEC on November 12, 2002.
Indenture dated as of October 9, 2002.    Included in Exhibit 4.4 to Fundings Form 8-K filed with the SEC on November 12, 2002.
First Amendment to Indenture dated as of March 1, 2008.    Included in Exhibit 4.7 to Funding’s Form 8-K filed with the SEC on March 4, 2008.
COMT Asset Pool 1 Supplement dated as of October 9, 2002.    Included in Exhibit 4.5 to Fundings Form 8-K filed with the SEC on November 12, 2002.
First Amendment to COMT Asset Pool 1 Supplement dated as of March 1, 2008.    Included in Exhibit 4.8 to Funding’s Form 8-K filed with the SEC on March 4, 2008.
COMT Asset Pool 1 Supplement dated as of October 9, 2002.    Included in Exhibit 4.6 to Fundings Form 8-K filed with the SEC on November 12, 2002.
First Amendment to Card Series Indenture Supplement dated as of March 1, 2008.    Included in Exhibit 4.9 to Funding’s Form 8-K filed with the SEC on March 4, 2008.

 

2

A. Interest to be paid on the corresponding Distribution Date:

 

     CUSIP Number    Interest Payment
Date		    Total Amount of
Interest to be paid		    Per $1000 of
Outstanding Dollar
Principal Amount

Class A (2003-5)

    14041NAX9    15-Jan-09    639,375.00    1.2787500000

Class A (2004-1)

    14041NBG5    15-Jan-09    604,930.56    1.2098611200

Class A (2004-2)

    14041NBK6    15-Jan-09    829,895.83    1.1065277733

Class A (2004-3)

    14041NBM2    15-Jan-09    557,569.44    1.1151388800

Class A (2004-4)

    14041NBN0    15-Jan-09    609,236.11    1.2184722200

Class A (2004-5)

    14041NBP5    15-Jan-09    231,638.89    1.1581944500

Class A (2004-7)

    14041NBU4    17-Feb-09    —      0.0000000000

Class A (2004-8)

    14041NBW0    15-Jan-09    570,486.11    1.1409722200

Class A (2005-1)

    14041NBY6    15-Jan-09    816,979.17    1.0893055600

Class A (2005-3)

    14041NCC3    15-Jan-09    1,687,500.00    3.3750000000

Class A (2005-4)

    14041NCD1    15-Jan-09    308,708.33    1.0290277667

Class A (2005-5)

    14041NCE9    15-Jan-09    525,277.78    1.0505555600

Class A (2005-6)

    14041NCF6    15-Jan-09    5,661,274.31    12.4423611209

Class A (2005-7)

    14041NCH2    15-Jan-09    1,958,333.33    3.9166666600

Class A (2005-9)

    14041N CK 5    15-Jan-09    359,621.53    1.1065277846

Class A (2005-10)

    14041N CL 3    15-Jan-09    548,958.33    1.0979166600

Class A (2005-11)

    14041N CM 1    15-Jan-09    531,736.11    1.0634722200

Class A (2006-1)

    14041NCN9    15-Jan-09    529,583.33    1.0591666600

Class A (2006-2)

    14041NCP4    15-Jan-09    2,020,833.33    4.0416666600

Class A (2006-3)

    14041NCQ2    15-Jan-09    1,683,333.33    4.2083333250

Class A (2006-4)

    14041NCR0    15-Jan-09    1,063,472.22    1.0634722200

Class A (2006-5)

    14041NCS8    15-Jan-09    540,347.22    1.0806944400

Class A (2006-6)

    14041N CU 3    15-Jan-09    2,208,333.33    4.4166666600

Class A (2006-7)

    14041NCV1    15-Jan-09    1,054,861.11    1.0548611100

Class A (2006-8)

    14041NCX7    15-Jan-09    316,458.33    1.0548611000

Class A (2006-9)

    14041NCY5    15-Jan-09    781,458.33    1.0419444400

Class A (2006-10)

    14041NDA6    15-Jan-09    2,145,833.33    4.2916666600

Class A (2006-11)

    14041NDB4    15-Jan-09    829,895.83    1.1065277733

Class A (2006-12)

    14041NDC2    15-Jan-09    540,347.22    1.0806944400

Class A (2006-13)

    14041NDE8    15-Jan-09    505,902.78    1.0118055600

Class A (2006-14)

    14041N DF 5    15-Jan-09    518,819.44    1.0376388800

Class A (2006-A)

       15-Jan-09    600,827.38    1.8100727677

Class A (2006-B)

       15-Jan-09    581,606.28    3.1085852897

Class A (2006-C)

       15-Jan-09    1,996,505.00    2.8455933333

Class A (2006-D)

       15-Jan-09    —      0.0000000000

Class A (2006-E)

       15-Jan-09    —      0.0000000000

Class A (2007-1)

    14041NDG3    15-Jan-09    670,052.08    1.0720833280

Class A (2007-2)

    14041NDL2    15-Jan-09    768,541.67    1.0979166714

Class A (2007-3)

    14041NDP3    15-Jan-09    771,770.83    1.0290277733

Class A (2007-4)

    14041NDS7    15-Jan-09    791,145.83    1.0548611067

Class A (2007-A)

    U13554 AD9    15-Jan-09    866,666.67    4.3333333500

 

3

     CUSIP Number    Interest Payment
Date		    Total Amount of
Interest to be paid		    Per $1000 of
Outstanding Dollar
Principal Amount

Class A (2007-5)

    14041N DT5    15-Jan-09    638,083.33    1.0634722167

Class A (2007-6)

    14041N DW8    15-Jan-09    1,089,305.56    1.0893055600

Class A (2007-7)

    14041N DX6    15-Jan-09    4,791,666.67    4.7916666700

Class A (2007-8)

    14041N DY4    16-Mar-09    —      0.0000000000

Class A (2007-9)

    14041N DZ1    15-Jan-09    3,093,750.00    4.1250000000

Class A (2008-1)

    14041NEB3    15-Jan-09    3,098,493.06    1.6748611135

Class A (2008-2)

    14041NEC1    15-Jan-09    945,069.44    1.8901388800

Class A (2008-3)

    14041N ED9    15-Jan-09    2,525,000.00    4.2083333333

Class A (2008-4)

    14041NEE7    15-Jan-09    1,557,642.36    2.1484722207

Class A (2008-5)

    14041N EF4    15-Jan-09    3,031,250.00    4.0416666667

Class A (2008-6)

    14041NEG2    15-Jan-09    988,125.00    1.9762500000

Class A (2008-A)

       15-Jan-09    684,914.86    2.4979247835

Class A (2008-B)

       15-Jan-09    —      0.0000000000
             

Total Class A

          60,671,415.98   

Class B (2003-5)

    14041NBA8    15-Jan-09    598,750.00    3.9916666667

Class B (2004-1)

    14041NBF7    15-Jan-09    351,979.17    1.4079166800

Class B (2004-3)

    14041NBL4    15-Jan-09    248,645.83    1.6576388667

Class B (2004-6)

    14041NBV2    15-Jan-09    691,666.67    3.4583333500

Class B (2004-7)

       15-Jan-09    2,479,628.72    13.4320777877

Class B (2005-1)

    14041NBX8    15-Jan-09    714,583.33    4.0833333143

Class B (2005-3)

    14041NCG4    15-Jan-09    1,372,013.89    13.7201389000

Class B (2006-1)

    14041N CT 6    15-Jan-09    222,274.31    1.2701389143

Class B (2006-2)

    14041YAA5    15-Jan-09    387,284.72    1.1065277714

Class B (2007-1)

    14041NDH1    15-Jan-09    441,534.72    1.2615277714

Class B (2007-2)

    14041NDM0    15-Jan-09    191,381.94    1.0936110857

Class B (2007-3)

    14041NDQ1    15-Jan-09    1,052,083.33    4.2083333200

Class B (2007-4)

    14041NDR9    15-Jan-09    276,631.94    1.1065277600

Class B (2007-5)

    14041NDV0    15-Jan-09    675,000.00    4.5000000000

Class B (2008-A)

       15-Jan-09    1,716,409.72    4.9040277714
             

Total Class B

          11,419,868.29   

Class C (2003-3)

    14041NAV3    15-Jan-09    741,631.94    2.9665277600

Class C (2003-4)

    14041NAZ4    15-Jan-09    1,250,000.00    5.0000000000

Class C (2004-2)

    14041NBH3    15-Jan-09    193,319.44    1.9331944000

Class C (2004-3)

       16-Mar-09    —      0.0000000000

Class C (2004-4)

    14041NBT7    15-Jan-09    238,312.50    1.5887500000

Class C (2005-1)

    14041NBZ3    15-Jan-09    240,357.64    1.3734722286

Class C (2006-1)

    14041NCW9    15-Jan-09    223,781.25    1.2787500000

Class C (2006-2)

    14041NCZ2    15-Jan-09    128,736.11    1.2873611000

Class C (2006-3)

    14041NDD0    15-Jan-09    163,072.92    1.3045833600

Class C (2007-1)

    14041NDJ7    15-Jan-09    432,708.33    1.4423611000

 

4

     CUSIP Number    Interest Payment
Date		    Total Amount of
Interest to be paid		    Per $1000 of
Outstanding Dollar
Principal Amount

Class C (2007-2)

    14041NDK4    15-Jan-09    321,840.28    1.2873611200

Class C (2007-3)

    14041NDU2    15-Jan-09    159,843.75    1.2787500000

Class C (2007-4)

    14041NEA5    15-Jan-09    767,034.72    2.1915277714
             

Total Class C

          4,860,638.88   

Total

          76,951,923.15   

B. Principal to be paid on the Distribution Date:

 

     CUSIP Number    Principal Payment
Date		    Total Amount of
Principal to be paid		    Per $1000 of
Outstanding Dollar
Principal Amount

Class B (2004-1)

    14041NBF7    15-Jan-09    250,000,000.00    1,000.0000000000

 

5

C. Outstanding Dollar Principal Amount and Nominal Liquidation Amount for the related Monthly Period:

(as of the end of the related Monthly Period)

 

     Initial Dollar
Principal Amount		    Outstanding Dollar
Principal Amount		    Adjusted
Outstanding Dollar
Principal Amount		    Nominal
Liquidation Amount

Class A (2003-5)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2004-1)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2004-2)

    750,000,000.00    750,000,000.00    750,000,000.00    750,000,000.00

Class A (2004-3)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2004-4)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2004-5)

    200,000,000.00    200,000,000.00    200,000,000.00    200,000,000.00

Class A (2004-7)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2004-8)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2005-1)

    750,000,000.00    750,000,000.00    750,000,000.00    750,000,000.00

Class A (2005-3)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2005-4)

    300,000,000.00    300,000,000.00    300,000,000.00    300,000,000.00

Class A (2005-5)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2005-6)

    455,000,000.00    455,000,000.00    455,000,000.00    455,000,000.00

Class A (2005-7)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2005-9)

    325,000,000.00    325,000,000.00    325,000,000.00    325,000,000.00

Class A (2005-10)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2005-11)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2006-1)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2006-2)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2006-3)

    400,000,000.00    400,000,000.00    400,000,000.00    400,000,000.00

Class A (2006-4)

    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00

Class A (2006-5)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2006-6)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2006-7)

    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00

Class A (2006-8)

    300,000,000.00    300,000,000.00    300,000,000.00    300,000,000.00

Class A (2006-9)

    750,000,000.00    750,000,000.00    750,000,000.00    750,000,000.00

Class A (2006-10)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2006-11)

    750,000,000.00    750,000,000.00    750,000,000.00    750,000,000.00

Class A (2006-12)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2006-13)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2006-14)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2006-A)

    490,000,000.00    490,000,000.00    490,000,000.00    490,000,000.00

Class A (2006-B)

    100,000,000.00    100,000,000.00    100,000,000.00    100,000,000.00

Class A (2006-C)

    750,000,000.00    750,000,000.00    750,000,000.00    750,000,000.00

Class A (2006-D)

    —      —      —      —  

Class A (2006-E)

    —      —      —      —  

 

6

     Initial Dollar
Principal Amount		    Outstanding Dollar
Principal Amount		    Adjusted
Outstanding Dollar
Principal Amount		    Nominal
Liquidation Amount

Class A (2007-1)

    625,000,000.00    625,000,000.00    625,000,000.00    625,000,000.00

Class A (2007-2)

    700,000,000.00    700,000,000.00    700,000,000.00    700,000,000.00

Class A (2007-3)

    750,000,000.00    750,000,000.00    750,000,000.00    750,000,000.00

Class A (2007-4)

    750,000,000.00    750,000,000.00    750,000,000.00    750,000,000.00

Class A (2007-A)

    200,000,000.00    200,000,000.00    200,000,000.00    200,000,000.00

Class A (2007-5)

    600,000,000.00    600,000,000.00    600,000,000.00    600,000,000.00

Class A (2007-6)

    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00

Class A (2007-7)

    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00    1,000,000,000.00

Class A (2007-8)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2007-9)

    750,000,000.00    750,000,000.00    750,000,000.00    750,000,000.00

Class A (2008-1)

    1,850,000,000.00    1,850,000,000.00    1,850,000,000.00    1,850,000,000.00

Class A (2008-2)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2008-3)

    600,000,000.00    600,000,000.00    600,000,000.00    600,000,000.00

Class A (2008-4)

    725,000,000.00    725,000,000.00    725,000,000.00    725,000,000.00

Class A (2008-5)

    750,000,000.00    750,000,000.00    750,000,000.00    750,000,000.00

Class A (2008-6)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2008-A)

    500,000,000.00    500,000,000.00    500,000,000.00    500,000,000.00

Class A (2008-B)

    —      —      —      —  
                   

Total Class A

    30,120,000,000.00    30,120,000,000.00    30,120,000,000.00    30,120,000,000.00

Class B (2003-5)

    150,000,000.00    150,000,000.00    150,000,000.00    150,000,000.00

Class B (2004-1)

    250,000,000.00    250,000,000.00    250,000,000.00    250,000,000.00

Class B (2004-3)

    150,000,000.00    150,000,000.00    150,000,000.00    150,000,000.00

Class B (2004-6)

    200,000,000.00    200,000,000.00    200,000,000.00    200,000,000.00

Class B (2004-7)

    184,605,000.00    184,605,000.00    184,605,000.00    184,605,000.00

Class B (2005-1)

    175,000,000.00    175,000,000.00    175,000,000.00    175,000,000.00

Class B (2005-3)

    100,000,000.00    100,000,000.00    100,000,000.00    100,000,000.00

Class B (2006-1)

    175,000,000.00    175,000,000.00    175,000,000.00    175,000,000.00

Class B (2006-2)

    350,000,000.00    350,000,000.00    350,000,000.00    350,000,000.00

Class B (2007-1)

    350,000,000.00    350,000,000.00    350,000,000.00    350,000,000.00

Class B (2007-2)

    175,000,000.00    175,000,000.00    175,000,000.00    175,000,000.00

Class B (2007-3)

    250,000,000.00    250,000,000.00    250,000,000.00    250,000,000.00

Class B (2007-4)

    250,000,000.00    250,000,000.00    250,000,000.00    250,000,000.00

Class B (2007-5)

    150,000,000.00    150,000,000.00    150,000,000.00    150,000,000.00

Class B (2008-A)

    350,000,000.00    350,000,000.00    350,000,000.00    350,000,000.00
                   

Total Class B

    3,259,605,000.00    3,259,605,000.00    3,259,605,000.00    3,259,605,000.00

Class C (2003-3)

    250,000,000.00    250,000,000.00    250,000,000.00    250,000,000.00

Class C (2003-4)

    250,000,000.00    250,000,000.00    250,000,000.00    250,000,000.00

 

7

     Initial Dollar
Principal Amount		    Outstanding Dollar
Principal Amount		    Adjusted
Outstanding Dollar
Principal Amount		    Nominal
Liquidation Amount

Class C (2004-2)

    100,000,000.00    100,000,000.00    100,000,000.00    100,000,000.00

Class C (2004-3)

    367,500,000.00    367,500,000.00    367,500,000.00    367,500,000.00

Class C (2004-4)

    150,000,000.00    150,000,000.00    150,000,000.00    150,000,000.00

Class C (2005-1)

    175,000,000.00    175,000,000.00    175,000,000.00    175,000,000.00

Class C (2006-1)

    175,000,000.00    175,000,000.00    175,000,000.00    175,000,000.00

Class C (2006-2)

    100,000,000.00    100,000,000.00    100,000,000.00    100,000,000.00

Class C (2006-3)

    125,000,000.00    125,000,000.00    125,000,000.00    125,000,000.00

Class C (2007-1)

    300,000,000.00    300,000,000.00    300,000,000.00    300,000,000.00

Class C (2007-2)

    250,000,000.00    250,000,000.00    250,000,000.00    250,000,000.00

Class C (2007-3)

    125,000,000.00    125,000,000.00    125,000,000.00    125,000,000.00

Class C (2007-4)

    350,000,000.00    350,000,000.00    350,000,000.00    350,000,000.00
                   

Total Class C

    2,717,500,000.00    2,717,500,000.00    2,717,500,000.00    2,717,500,000.00

Class D (2002-1)

       364,641,426.45    364,641,426.45    364,641,426.45
                   

Total

    36,097,105,000.00    36,461,746,426.45    36,461,746,426.45    36,461,746,426.45

 

8

D. Nominal Liquidation Amount for Tranches of Notes Outstanding:
     (including all tranches issued as of the end of the Monthly Period, after taking into account all allocations expected to occur on the Distribution Date)

 

     End of Month
Nominal
Liquidation
Amount		    Increase due to
accretions of
Principal for
Discount Notes		    Withdrawal from
Principal Funding
sub-Account		    Reimbursements
of Nominal
Liquidation
Amount from
Available Funds		    Reductions due
to reallocation of
Card Series
Principal Amounts		    Reduction due to
Investor
Charge-offs		    Reductions due to
deposits into the
Principal Funding
sub-Account		    Nominal
Liquidation
Amount as of the
Distribution Date*

Class A (2003-5)

    500,000,000.00    —      —      —      —      —      —      500,000,000.00

Class A (2004-1)

    500,000,000.00    —      —      —      —      —      —      500,000,000.00

Class A (2004-2)

    750,000,000.00    —      —      —      —      —      —      750,000,000.00

Class A (2004-3)

    500,000,000.00    —      —      —      —      —      —      500,000,000.00

Class A (2004-4)

    500,000,000.00    —      —      —      —      —      —      500,000,000.00

Class A (2004-5)

    200,000,000.00    —      —      —      —      —      —      200,000,000.00

Class A (2004-7)

    500,000,000.00    —      —      —      —      —      —      500,000,000.00

Class A (2004-8)

    500,000,000.00    —      —      —      —      —      —      500,000,000.00

Class A (2005-1)

    750,000,000.00    —      —      —      —      —      —      750,000,000.00

Class A (2005-3)

    500,000,000.00    —      —      —      —      —      —      500,000,000.00

Class A (2005-4)

    300,000,000.00    —      —      —      —      —      —      300,000,000.00

Class A (2005-5)

    500,000,000.00    —      —      —      —      —      —      500,000,000.00

Class A (2005-6)

    455,000,000.00    —      —      —      —      —      —      455,000,000.00

Class A (2005-7)

    500,000,000.00    —      —      —      —      —      —      500,000,000.00

Class A (2005-9)

    325,000,000.00    —      —      —      —      —      —      325,000,000.00

Class A (2005-10)

    500,000,000.00    —      —      —      —      —      —      500,000,000.00

Class A (2005-11)

    500,000,000.00    —      —      —      —      —      —      500,000,000.00

Class A (2006-1)

    500,000,000.00    —      —      —      —      —      —      500,000,000.00

Class A (2006-2)

    500,000,000.00    —      —      —      —      —      —      500,000,000.00

Class A (2006-3)

    400,000,000.00    —      —      —      —      —      —      400,000,000.00

Class A (2006-4)

    1,000,000,000.00    —      —      —      —      —      —      1,000,000,000.00

Class A (2006-5)

    500,000,000.00    —      —      —      —      —      —      500,000,000.00

Class A (2006-6)

    500,000,000.00    —      —      —      —      —      —      500,000,000.00

Class A (2006-7)

    1,000,000,000.00    —      —      —      —      —      —      1,000,000,000.00

Class A (2006-8)

    300,000,000.00    —      —      —      —      —      —      300,000,000.00

Class A (2006-9)

    750,000,000.00    —      —      —      —      —      —      750,000,000.00

Class A (2006-10)

    500,000,000.00    —      —      —      —      —      —      500,000,000.00

Class A (2006-11)

    750,000,000.00    —      —      —      —      —      —      750,000,000.00

Class A (2006-12)

    500,000,000.00    —      —      —      —      —      —      500,000,000.00

Class A (2006-13)

    500,000,000.00    —      —      —      —      —      —      500,000,000.00

Class A (2006-14)

    500,000,000.00    —      —      —      —      —      —      500,000,000.00

Class A (2006-A)

    490,000,000.00    —      —      —      —      —      —      490,000,000.00

Class A (2006-B)

    100,000,000.00    —      —      —      —      —      —      100,000,000.00

Class A (2006-C)

    750,000,000.00    —      —      —      —      —      —      750,000,000.00

Class A (2006-D)

    —      —      —      —      —      —      —      —  

 

9

     End of Month
Nominal
Liquidation
Amount		    Increase due to
accretions of
Principal for
Discount Notes		    Withdrawal from
Principal Funding
sub-Account		    Reimbursements
of Nominal
Liquidation
Amount from
Available Funds		    Reductions due
to reallocation of
Card Series
Principal Amounts		    Reduction due to
Investor
Charge-offs		    Reductions due to
deposits into the
Principal Funding
sub-Account		    Nominal
Liquidation
Amount as of the
Distribution Date*

Class A (2006-E)

    —      —      —      —      —      —      —      —  

Class A (2007-1)

    625,000,000.00    —      —      —      —      —      —      625,000,000.00

Class A (2007-2)

    700,000,000.00    —      —      —      —      —      —      700,000,000.00

Class A (2007-3)

    750,000,000.00    —      —      —      —      —      —      750,000,000.00

Class A (2007-4)

    750,000,000.00    —      —      —      —      —      —      750,000,000.00

Class A (2007-A)

    200,000,000.00    —      —      —      —      —      —      200,000,000.00

Class A (2007-5)

    600,000,000.00    —      —      —      —      —      —      600,000,000.00

Class A (2007-6)

    1,000,000,000.00    —      —      —      —      —      —      1,000,000,000.00

Class A (2007-7)

    1,000,000,000.00    —      —      —      —      —      —      1,000,000,000.00

Class A (2007-8)

    500,000,000.00    —      —      —      —      —      —      500,000,000.00

Class A (2007-9)

    750,000,000.00    —      —      —      —      —      —      750,000,000.00

Class A (2008-1)

    1,850,000,000.00    —      —      —      —      —      —      1,850,000,000.00

Class A (2008-2)

    500,000,000.00    —      —      —      —      —      —      500,000,000.00

Class A (2008-3)

    600,000,000.00    —      —      —      —      —      —      600,000,000.00

Class A (2008-4)

    725,000,000.00    —      —      —      —      —      —      725,000,000.00

Class A (2008-5)

    750,000,000.00    —      —      —      —      —      —      750,000,000.00

Class A (2008-6)

    500,000,000.00    —      —      —      —      —      —      500,000,000.00

Class A (2008-A)

    500,000,000.00    —      —      —      —      —      —      500,000,000.00

Class A (2008-B)

    —      —      —      —      —      —      —      —  
                                       

Total Class A

    30,120,000,000.00    —      —      —      —      —      —      30,120,000,000.00

Class B (2003-5)

    150,000,000.00    —      —      —      —      —      —      150,000,000.00

Class B (2004-1)

    250,000,000.00    —      —      —      —      —      250,000,000.00    —  

Class B (2004-3)

    150,000,000.00    —      —      —      —      —      —      150,000,000.00

Class B (2004-6)

    200,000,000.00    —      —      —      —      —      —      200,000,000.00

Class B (2004-7)

    184,605,000.00    —      —      —      —      —      —      184,605,000.00

Class B (2005-1)

    175,000,000.00    —      —      —      —      —      —      175,000,000.00

Class B (2005-3)

    100,000,000.00    —      —      —      —      —      —      100,000,000.00

Class B (2006-1)

    175,000,000.00    —      —      —      —      —      —      175,000,000.00

Class B (2006-2)

    350,000,000.00    —      —      —      —      —      —      350,000,000.00

Class B (2007-1)

    350,000,000.00    —      —      —      —      —      —      350,000,000.00

Class B (2007-2)

    175,000,000.00    —      —      —      —      —      —      175,000,000.00

Class B (2007-3)

    250,000,000.00    —      —      —      —      —      —      250,000,000.00

Class B (2007-4)

    250,000,000.00    —      —      —      —      —      —      250,000,000.00

Class B (2007-5)

    150,000,000.00    —      —      —      —      —      —      150,000,000.00

Class B (2008-A)

    350,000,000.00    —      —      —      —      —      —      350,000,000.00
                                       

Total Class B

    3,259,605,000.00    —      —      —      —      —      250,000,000.00    3,009,605,000.00

 

10

     End of Month
Nominal
Liquidation
Amount		    Increase due to
accretions of
Principal for
Discount Notes		    Withdrawal from
Principal Funding
sub-Account		    Reimbursements
of Nominal
Liquidation
Amount from
Available Funds		    Reductions due
to reallocation of
Card Series
Principal Amounts		    Reduction due to
Investor
Charge-offs		    Reductions due to
deposits into the
Principal Funding
sub-Account		    Nominal
Liquidation
Amount as of the
Distribution Date*

Class C (2003-3)

    250,000,000.00    —      —      —      —      —      —      250,000,000.00

Class C (2003-4)

    250,000,000.00    —      —      —      —      —      —      250,000,000.00

Class C (2004-2)

    100,000,000.00    —      —      —      —      —      —      100,000,000.00

Class C (2004-3)

    367,500,000.00    —      —      —      —      —      —      367,500,000.00

Class C (2004-4)

    150,000,000.00    —      —      —      —      —      —      150,000,000.00

Class C (2005-1)

    175,000,000.00    —      —      —      —      —      —      175,000,000.00

Class C (2006-1)

    175,000,000.00    —      —      —      —      —      —      175,000,000.00

Class C (2006-2)

    100,000,000.00    —      —      —      —      —      —      100,000,000.00

Class C (2006-3)

    125,000,000.00    —      —      —      —      —      —      125,000,000.00

Class C (2007-1)

    300,000,000.00    —      —      —      —      —      —      300,000,000.00

Class C (2007-2)

    250,000,000.00    —      —      —      —      —      —      250,000,000.00

Class C (2007-3)

    125,000,000.00    —      —      —      —      —      —      125,000,000.00

Class C (2007-4)

    350,000,000.00    —      —      —      —      —      —      350,000,000.00
                                       

Total Class C

    2,717,500,000.00    —      —      —      —      —      —      2,717,500,000.00

Class D (2002-1)

    364,641,426.45    —      —      —      —      —      —      365,651,567.41
                                       

Total

    36,461,746,426.45    —      —      —      —      —      250,000,000.00    36,212,756,567.41

 

* The Class D Nominal Liquidation Amount as of the distribution date reflects the issuance of Class B (2009-A) on January 7, 2009 and any reductions due to maturities that will occur on the distribution date.

E. Targeted Deposits to Principal Funding sub-Accounts:

 

     Beginning
Principal Funding
sub-Account
Balance		    Targeted Deposit
to Principal
Funding
sub-Account		    Previous shortfalls
of targeted
deposits to the
Principal Funding
Sub-Accout		    Actual Deposit to
Principal Funding
sub-Account		    Amounts withdrawn
from the Principal
Funding
sub-Account for
payment to
Noteholders		    Ending
Principal Funding
sub-Account
Balance		    Principal Funding
sub-Account
Earnings

Class B (2004-1)

    —      250,000,000.00    —      250,000,000.00    250,000,000.00    —      —  

 

11

F. Targeted Deposits to Interest Funding sub-Accounts:

 

     Applicable
Interest Rates		     Beginning Interest
Funding
sub-Account
Balance (1)		    Targeted Deposit
to Interest
Funding
sub-Account		    Previous Shortfalls
of targeted deposits
to the Interest
Funding sub-Account		    Actual Deposit to
Interest Funding
sub-Account (2)		    Amounts withdrawn
from the Interest
Funding sub-Account
for payment to
Noteholder’s (3)		     Ending
Interest Funding
sub-Account
Balance (1)		    Interest Funding
sub-Account
Earnings

Class A (2003-5)

    1.485 %   —      639,375.00    —      639,375.00    (639,375.00 )   —      0.00

Class A (2004-1)

    1.405 %   —      604,930.56    —      604,930.56    (604,930.56 )   —      0.00

Class A (2004-2)

    1.285 %   —      829,895.83    —      829,895.83    (829,895.83 )   —      0.00

Class A (2004-3)

    1.295 %   —      557,569.44    —      557,569.44    (557,569.44 )   —      0.00

Class A (2004-4)

    1.415 %   —      609,236.11    —      609,236.11    (609,236.11 )   —      0.00

Class A (2004-5)

    1.345 %   —      231,638.89    —      231,638.89    (231,638.89 )   —      0.00

Class A (2004-7)

    2.299 %   893,958.33    989,739.58    —      989,739.58    —       1,883,697.91    367.41

Class A (2004-8)

    1.325 %   —      570,486.11    —      570,486.11    (570,486.11 )   —      0.00

Class A (2005-1)

    1.265 %   —      816,979.17    —      816,979.17    (816,979.17 )   —      0.00

Class A (2005-3)

    4.050 %   —      1,687,500.00    —      1,687,500.00    (1,687,500.00 )   —      0.00

Class A (2005-4)

    1.195 %   —      308,708.33    —      308,708.33    (308,708.33 )   —      0.00

Class A (2005-5)

    1.220 %   —      525,277.78    —      525,277.78    (525,277.78 )   —      0.00

Class A (2005-6)

    4.869 %   3,753,671.01    1,907,603.30    —      1,907,603.30    (5,661,274.31 )   —      2,247.21

Class A (2005-7)

    4.700 %   —      1,958,333.33    —      1,958,333.33    (1,958,333.33 )   —      0.00

Class A (2005-9)

    1.285 %   —      359,621.53    —      359,621.53    (359,621.53 )   —      0.00

Class A (2005-10)

    1.275 %   —      548,958.33    —      548,958.33    (548,958.33 )   —      0.00

Class A (2005-11)

    1.235 %   —      531,736.11    —      531,736.11    (531,736.11 )   —      0.00

Class A (2006-1)

    1.230 %   —      529,583.33    —      529,583.33    (529,583.33 )   —      0.00

Class A (2006-2)

    4.850 %   —      2,020,833.33    —      2,020,833.33    (2,020,833.33 )   —      0.00

Class A (2006-3)

    5.050 %   —      1,683,333.33    —      1,683,333.33    (1,683,333.33 )   —      0.00

Class A (2006-4)

    1.235 %   —      1,063,472.22    —      1,063,472.22    (1,063,472.22 )   —      0.00

Class A (2006-5)

    1.255 %   —      540,347.22    —      540,347.22    (540,347.22 )   —      0.00

Class A (2006-6)

    5.300 %   —      2,208,333.33    —      2,208,333.33    (2,208,333.33 )   —      0.00

Class A (2006-7)

    1.225 %   —      1,054,861.11    —      1,054,861.11    (1,054,861.11 )   —      0.00

Class A (2006-8)

    1.225 %   —      316,458.33    —      316,458.33    (316,458.33 )   —      0.00

Class A (2006-9)

    1.210 %   —      781,458.33    —      781,458.33    (781,458.33 )   —      0.00

Class A (2006-10)

    5.150 %   —      2,145,833.33    —      2,145,833.33    (2,145,833.33 )   —      0.00

Class A (2006-11)

    1.285 %   —      829,895.83    —      829,895.83    (829,895.83 )   —      0.00

Class A (2006-12)

    1.255 %   —      540,347.22    —      540,347.22    (540,347.22 )   —      0.00

Class A (2006-13)

    1.175 %   —      505,902.78    —      505,902.78    (505,902.78 )   —      0.00

Class A (2006-14)

    1.205 %   —      518,819.44    —      518,819.44    (518,819.44 )   —      0.00

Class A (2006-A)

    —       —      600,827.38    —      600,827.38    (600,827.38 )   —      0.00

Class A (2006-B)

    —       —      581,606.28    —      581,606.28    (581,606.28 )   —      0.00

Class A (2006-C)

    —       —      1,996,505.00    —      1,996,505.00    (1,996,505.00 )   —      0.00

Class A (2006-D)

    —       —      0.00    —      0.00    —       —      0.00

Class A (2006-E)

    —       —      0.00    —      0.00    —       —      0.00

Class A (2007-1)

    1.245 %   —      670,052.08    —      670,052.08    (670,052.08 )   —      0.00

Class A (2007-2)

    1.275 %   —      768,541.67    —      768,541.67    (768,541.67 )   —      0.00

 

12

     Applicable
Interest Rates		     Beginning Interest
Funding
sub-Account
Balance (1)		    Targeted Deposit
to Interest
Funding
sub-Account		    Previous Shortfalls
of targeted deposits
to the Interest
Funding sub-Account		    Actual Deposit to
Interest Funding
sub-Account (2)		    Amounts withdrawn
from the Interest
Funding sub-Account
for payment to
Noteholder’s (3)		     Ending
Interest Funding
sub-Account
Balance (1)		    Interest Funding
sub-Account
Earnings

Class A (2007-3)

    1.195 %   —      771,770.83    —      771,770.83    (771,770.83 )   —      0.00

Class A (2007-4)

    1.225 %   —      791,145.83    —      791,145.83    (791,145.83 )   —      0.00

Class A (2007-A)

    5.200 %   —      866,666.67    —      866,666.67    (866,666.67 )   —      0.00

Class A (2007-5)

    1.235 %   —      638,083.33    —      638,083.33    (638,083.33 )   —      0.00

Class A (2007-6)

    1.265 %   —      1,089,305.56    —      1,089,305.56    (1,089,305.56 )   —      0.00

Class A (2007-7)

    5.750 %   —      4,791,666.67    —      4,791,666.67    (4,791,666.67 )   —      0.00

Class A (2007-8)

    2.296 %   —      988,663.19    —      988,663.19    —       988,663.19    948.91

Class A (2007-9)

    4.950 %   —      3,093,750.00    —      3,093,750.00    (3,093,750.00 )   —      0.00

Class A (2008-1)

    1.945 %   —      3,098,493.06    —      3,098,493.06    (3,098,493.06 )   —      0.00

Class A (2008-2)

    2.195 %   —      945,069.44    —      945,069.44    (945,069.44 )   —      0.00

Class A (2008-3)

    5.050 %   —      2,525,000.00    —      2,525,000.00    (2,525,000.00 )   —      0.00

Class A (2008-4)

    2.495 %   —      1,557,642.36    —      1,557,642.36    (1,557,642.36 )   —      0.00

Class A (2008-5)

    4.850 %   —      3,031,250.00    —      3,031,250.00    (3,031,250.00 )   —      0.00

Class A (2008-6)

    2.295 %   —      988,125.00    —      988,125.00    (988,125.00 )   —      0.00

Class A (2008-A)

    —       —      684,914.86    —      684,914.86    (684,914.86 )   —      0.00

Class A (2008-B)

    —       —      0.00    —      0.00    —       —      0.00
                                     

Total Class A

      4,647,629.34    58,896,147.74    —      58,896,147.74    (60,671,415.98 )   2,872,361.10    3,563.53

Class B (2003-5)

    4.790 %   —      598,750.00    —      598,750.00    (598,750.00 )   —      0.00

Class B (2004-1)

    1.635 %   —      351,979.17    —      351,979.17    (351,979.17 )   —      0.00

Class B (2004-3)

    1.925 %   —      248,645.83    —      248,645.83    (248,645.83 )   —      0.00

Class B (2004-6)

    4.150 %   —      691,666.67    —      691,666.67    (691,666.67 )   —      0.00

Class B (2004-7)

    5.144 %   1,609,120.76    870,507.96    —      870,507.96    (2,479,628.72 )   —      963.42

Class B (2005-1)

    4.900 %   —      714,583.33    —      714,583.33    (714,583.33 )   —      0.00

Class B (2005-3)

    5.369 %   909,704.86    462,309.03    —      462,309.03    (1,372,013.89 )   —      544.64

Class B (2006-1)

    1.475 %   —      222,274.31    —      222,274.31    (222,274.31 )   —      0.00

Class B (2006-2)

    1.285 %   —      387,284.72    —      387,284.72    (387,284.72 )   —      0.00

Class B (2007-1)

    1.465 %   —      441,534.72    —      441,534.72    (441,534.72 )   —      0.00

Class B (2007-2)

    1.270 %   —      191,381.94    —      191,381.94    (191,381.94 )   —      0.00

Class B (2007-3)

    5.050 %   —      1,052,083.33    —      1,052,083.33    (1,052,083.33 )   —      0.00

Class B (2007-4)

    1.285 %   —      276,631.94    —      276,631.94    (276,631.94 )   —      0.00

Class B (2007-5)

    5.400 %   —      675,000.00    —      675,000.00    (675,000.00 )   —      0.00

Class B (2008-A)

    —       —      1,716,409.72    —      1,716,409.72    (1,716,409.72 )   —      0.00
                                     

Total Class B

      2,518,825.62    8,901,042.67    —      8,901,042.67    (11,419,868.29 )   —      1,508.06

Class C (2003-3)

    3.445 %   —      741,631.94    —      741,631.94    (741,631.94 )   —      0.00

Class C (2003-4)

    6.000 %   —      1,250,000.00    —      1,250,000.00    (1,250,000.00 )   —      0.00

Class C (2004-2)

    2.245 %   —      193,319.44    —      193,319.44    (193,319.44 )   —      0.00

Class C (2004-3)

    6.399 %   —      1,959,693.75    —      1,959,693.75    —       1,959,693.75    1,362.89

 

13

     Applicable
Interest Rates		     Beginning Interest
Funding
sub-Account
Balance (1)		    Targeted Deposit
to Interest
Funding
sub-Account		    Previous Shortfalls
of targeted deposits
to the Interest
Funding sub-Account		    Actual Deposit to
Interest Funding
sub-Account (2)		    Amounts withdrawn
from the Interest
Funding sub-Account
for payment to
Noteholder’s (3)		     Ending
Interest Funding
sub-Account
Balance (1)		    Interest Funding
sub-Account
Earnings

Class C (2004-4)

    1.845 %   —      238,312.50    —      238,312.50    (238,312.50 )   —      0.00

Class C (2005-1)

    1.595 %   —      240,357.64    —      240,357.64    (240,357.64 )   —      0.00

Class C (2006-1)

    1.485 %   —      223,781.25    —      223,781.25    (223,781.25 )   —      0.00

Class C (2006-2)

    1.495 %   —      128,736.11    —      128,736.11    (128,736.11 )   —      0.00

Class C (2006-3)

    1.515 %   —      163,072.92    —      163,072.92    (163,072.92 )   —      0.00

Class C (2007-1)

    1.675 %   —      432,708.33    —      432,708.33    (432,708.33 )   —      0.00

Class C (2007-2)

    1.495 %   —      321,840.28    —      321,840.28    (321,840.28 )   —      0.00

Class C (2007-3)

    1.485 %   —      159,843.75    —      159,843.75    (159,843.75 )   —      0.00

Class C (2007-4)

    2.545 %   —      767,034.72    —      767,034.72    (767,034.72 )   —      0.00
                                     

Total Class C

      —      6,820,332.63    —      6,820,332.63    (4,860,638.88 )   1,959,693.75    1,362.89

Total

      7,166,454.96    74,617,523.04    —      74,617,523.04    (76,951,923.15 )   4,832,054.85    6,434.48

 

G. Class C Reserve sub-Accounts:

 

     Beginning Class C
Reserve
sub-Account
Balance		    Targeted Deposit
to Class C
Reserve
sub-Account		    Actual Deposit to
Class C Reserve
sub-Account		    Withdrawals from
Class C Reserve
sub-Account
Balance		    Ending Class C
Reserve
sub-Account
Balance		    Class C Reserve
sub-Account
Earnings

NOTHING TO REPORT

                  

 

H. Targeted Deposits to Class D Reserve sub-Accounts:

 

     Beginning Class D
Reserve
sub-Account
Balance		    Targeted Deposit
to Class D
Reserve
sub-Account		    Actual Deposit to
Class D Reserve
sub-Account		    Withdrawals from
Class D Reserve
sub-Account
Balance		    Ending Class D
Reserve
sub-Account
Balance		    Class D Reserve
sub-Account
Earnings

NOTHING TO REPORT

                  

 

14

I. Targeted Deposits to Accumulation Reserve sub-Accounts:

 

     Beginning
Accumulation
Reserve
sub-Account
Balance		    Targeted Deposit
to Accumulation
Reserve
sub-Account		    Actual Deposit to
Accumulation
Reserve
sub-Account		    Withdrawals from
Accumulation
Reserve Account
for Interest		    Withdrawals from
Accumulation
Reserve Account
for Payments to
Issuer		    Ending
Accumulation
Reserve
sub-Account
Balance		    Accumulation
Reserve
sub-Account
Earnings

NOTHING TO REPORT

                     

J. Class A Usage of Class B, C and D Subordination Amounts:

 

     Class A Usage
of Class B
Subordination
Amount for
this Monthly
Period		    Class A Usage
of Class C
Subordination
Amount for
this Monthly
Period		    Class A Usage
of Class D
Subordination
Amount for
this Monthly
Period		    Cumulative Class
A Usage of Class
B Subordination
Amount		    Cumulative Class
A Usage of Class
C Subordination
Amount		    Cumulative Class
A Usage of Class
D Subordination
Amount

NOTHING TO REPORT

                  

 

K. Class B Usage of Class C and D Subordination Amounts:

 

     Class B Usage
of Class C
Subordination
Amount for
this Monthly
Period		    Class B Usage
of Class D
Subordination
Amount for
this Monthly
Period		    Cumulative Class
B Usage of Class
C Subordination
Amount		    Cumulative Class
B Usage of Class
D Subordination
Amount

NOTHING TO REPORT

            

 

15

L. Class C Usage of Class D Subordination Amounts:

 

     Class C Usage
of Class D
Subordination
Amount for
this Monthly
Period		    Cumulative Class
C Usage of Class
D Subordination
Amount

NOTHING TO REPORT

      

 

16

M. Required and Available Subordination Amount to Class A, B and C Notes:

(as of Determination Date, after taking into account all maturities expected to occur on the Distribution Date)

 

    Required
Subordination
Amount from
Class B Notes		   Available
Subordination
Amount from
Class B Notes		   Required
Subordination
Amount from
Class C Notes		   Available
Subordination
Amount from
Class C Notes		   Required
Subordination
Amount from
Class D Notes		   Available
Subordination
Amount from
Class D Notes

Class A (2003-5)

   54,217,000.00   54,217,000.00       42,169,000.00       42,169,000.00   6,024,500.00   6,024,500.00

Class A (2004-1)

   54,217,000.00   54,217,000.00   42,169,000.00   42,169,000.00   6,024,500.00   6,024,500.00

Class A (2004-2)

   81,325,500.00   81,325,500.00   63,253,500.00   63,253,500.00   9,036,750.00   9,036,750.00

Class A (2004-3)

   54,217,000.00   54,217,000.00   42,169,000.00   42,169,000.00   6,024,500.00   6,024,500.00

Class A (2004-4)

   54,217,000.00   54,217,000.00   42,169,000.00   42,169,000.00   6,024,500.00   6,024,500.00

Class A (2004-5)

   21,686,800.00   21,686,800.00   16,867,600.00   16,867,600.00   2,409,800.00   2,409,800.00

Class A (2004-7)

   54,217,000.00   54,217,000.00   42,169,000.00   42,169,000.00   6,024,500.00   6,024,500.00

Class A (2004-8)

   54,217,000.00   54,217,000.00   42,169,000.00   42,169,000.00   6,024,500.00   6,024,500.00

Class A (2005-1)

   81,325,500.00   81,325,500.00   63,253,500.00   63,253,500.00   9,036,750.00   9,036,750.00

Class A (2005-3)

   54,217,000.00   54,217,000.00   42,169,000.00   42,169,000.00   6,024,500.00   6,024,500.00

Class A (2005-4)

   32,530,200.00   32,530,200.00   25,301,400.00   25,301,400.00   3,614,700.00   3,614,700.00

Class A (2005-5)

   54,217,000.00   54,217,000.00   42,169,000.00   42,169,000.00   6,024,500.00   6,024,500.00

Class A (2005-6)

   49,337,470.00   49,337,470.00   38,373,790.00   38,373,790.00   5,482,295.00   5,482,295.00

Class A (2005-7)

   54,217,000.00   54,217,000.00   42,169,000.00   42,169,000.00   6,024,500.00   6,024,500.00

Class A (2005-9)

   35,241,050.00   35,241,050.00   27,409,850.00   27,409,850.00   3,915,925.00   3,915,925.00

Class A (2005-10)

   54,217,000.00   54,217,000.00   42,169,000.00   42,169,000.00   6,024,500.00   6,024,500.00

Class A (2005-11)

   54,217,000.00   54,217,000.00   42,169,000.00   42,169,000.00   6,024,500.00   6,024,500.00

Class A (2006-1)

   54,217,000.00   54,217,000.00   42,169,000.00   42,169,000.00   6,024,500.00   6,024,500.00

Class A (2006-2)

   54,217,000.00   54,217,000.00   42,169,000.00   42,169,000.00   6,024,500.00   6,024,500.00

Class A (2006-3)

   43,373,600.00   43,373,600.00   33,735,200.00   33,735,200.00   4,819,600.00   4,819,600.00

Class A (2006-4)

       108,434,000.00       108,434,000.00   84,338,000.00   84,338,000.00       12,049,000.00       12,049,000.00

Class A (2006-5)

   54,217,000.00   54,217,000.00   42,169,000.00   42,169,000.00   6,024,500.00   6,024,500.00

Class A (2006-6)

   54,217,000.00   54,217,000.00   42,169,000.00   42,169,000.00   6,024,500.00   6,024,500.00

Class A (2006-7)

   108,434,000.00   108,434,000.00   84,338,000.00   84,338,000.00   12,049,000.00   12,049,000.00

Class A (2006-8)

   32,530,200.00   32,530,200.00   25,301,400.00   25,301,400.00   3,614,700.00   3,614,700.00

Class A (2006-9)

   81,325,500.00   81,325,500.00   63,253,500.00   63,253,500.00   9,036,750.00   9,036,750.00

Class A (2006-10)

   54,217,000.00   54,217,000.00   42,169,000.00   42,169,000.00   6,024,500.00   6,024,500.00

Class A (2006-11)

   81,325,500.00   81,325,500.00   63,253,500.00   63,253,500.00   9,036,750.00   9,036,750.00

Class A (2006-12)

   54,217,000.00   54,217,000.00   42,169,000.00   42,169,000.00   6,024,500.00   6,024,500.00

Class A (2006-13)

   54,217,000.00   54,217,000.00   42,169,000.00   42,169,000.00   6,024,500.00   6,024,500.00

Class A (2006-14)

   54,217,000.00   54,217,000.00   42,169,000.00   42,169,000.00   6,024,500.00   6,024,500.00

Class A (2006-A)

   53,132,660.00   53,132,660.00   41,325,620.00   41,325,620.00   5,904,010.00   5,904,010.00

Class A (2006-B)

   10,843,400.00   10,843,400.00   8,433,800.00   8,433,800.00   1,204,900.00   1,204,900.00

Class A (2006-C)

   81,325,500.00   81,325,500.00   63,253,500.00   63,253,500.00   9,036,750.00   9,036,750.00

Class A (2006-D)

            

Class A (2006-E)

            

Class A (2007-1)

   67,771,250.00   67,771,250.00   52,711,250.00   52,711,250.00   7,530,625.00   7,530,625.00

Class A (2007-2)

   75,903,800.00   75,903,800.00   59,036,600.00   59,036,600.00   8,434,300.00   8,434,300.00

Class A (2007-3)

   81,325,500.00   81,325,500.00   63,253,500.00   63,253,500.00   9,036,750.00   9,036,750.00

 

17

    Required
Subordination
Amount from
Class B Notes		   Available
Subordination
Amount from
Class B Notes		   Required
Subordination
Amount from
Class C Notes		   Available
Subordination
Amount from
Class C Notes		   Required
Subordination
Amount from
Class D Notes		   Available
Subordination
Amount from
Class D Notes

Class A (2007- 4)

   81,325,500.00   81,325,500.00   63,253,500.00   63,253,500.00   9,036,750.00   9,036,750.00

Class A (2007- A)

   21,686,800.00   21,686,800.00   16,867,600.00   16,867,600.00   2,409,800.00   2,409,800.00

Class A (2007-5)

   65,060,400.00   65,060,400.00   50,602,800.00   50,602,800.00   7,229,400.00   7,229,400.00

Class A (2007-6)

   108,434,000.00   108,434,000.00   84,338,000.00   84,338,000.00   12,049,000.00   12,049,000.00

Class A (2007-7)

   108,434,000.00   108,434,000.00   84,338,000.00   84,338,000.00   12,049,000.00   12,049,000.00

Class A (2007-8)

   54,217,000.00   54,217,000.00   42,169,000.00   42,169,000.00   6,024,500.00   6,024,500.00

Class A (2007-9)

   81,325,500.00   81,325,500.00   63,253,500.00   63,253,500.00   9,036,750.00   9,036,750.00

Class A (2008-1)

   200,602,900.00   200,602,900.00   156,025,300.00   156,025,300.00   22,290,650.00   22,290,650.00

Class A (2008-2)

   54,217,000.00   54,217,000.00   42,169,000.00   42,169,000.00   6,024,500.00   6,024,500.00

Class A (2008-3)

   65,060,400.00   65,060,400.00   50,602,800.00   50,602,800.00   7,229,400.00   7,229,400.00

Class A (2008-4)

   78,614,650.00   78,614,650.00   61,145,050.00   61,145,050.00   8,735,525.00   8,735,525.00

Class A (2008-5)

   81,325,500.00   81,325,500.00   63,253,500.00   63,253,500.00   9,036,750.00   9,036,750.00

Class A (2008-6)

   54,217,000.00   54,217,000.00   42,169,000.00   42,169,000.00   6,024,500.00   6,024,500.00

Class A (2008-A)

   54,217,000.00   54,217,000.00   42,169,000.00   42,169,000.00   6,024,500.00   6,024,500.00

Class A (2008-B)

            
                       

Total Class A

   3,266,032,080.00   3,266,032,080.00   2,540,260,560.00   2,540,260,560.00   362,915,880.00   362,915,880.00

Class B (2003-5)

       113,735,702.98   113,735,702.98   16,248,919.93   16,248,919.93

Class B (2004-1)

            

Class B (2004-3)

       113,735,702.98   113,735,702.98   16,248,919.93   16,248,919.93

Class B (2004-6)

       151,647,603.98   151,647,603.98   21,665,226.58   21,665,226.58

Class B (2004-7)

       139,974,529.66   139,974,529.66   19,997,545.76   19,997,545.76

Class B (2005-1)

       132,691,653.48   132,691,653.48   18,957,073.26   18,957,073.26

Class B (2005-3)

       75,823,801.98   75,823,801.98   10,832,613.28   10,832,613.28

Class B (2006-1)

       132,691,653.48   132,691,653.48   18,957,073.26   18,957,073.26

Class B (2006-2)

       265,383,306.96   265,383,306.96   37,914,146.50   37,914,146.50

Class B (2007-1)

       265,383,306.96   265,383,306.96   37,914,146.50   37,914,146.50

Class B (2007-2)

       132,691,653.48   132,691,653.48   18,957,073.26   18,957,073.26

Class B (2007-3)

       189,559,504.96   189,559,504.96   27,081,533.22   27,081,533.22

Class B (2007-4)

       189,559,504.96   189,559,504.96   27,081,533.22   27,081,533.22

Class B (2007-5)

       113,735,702.98   113,735,702.98   16,248,919.93   16,248,919.93

Class B (2008-A)

       265,383,306.96   265,383,306.96   37,914,146.50   37,914,146.50

Class B (2009-A)

       265,383,307.00   265,383,307.00   37,914,147.00   37,914,147.00
                   

Total Class B

       2,547,380,242.80   2,547,380,242.80   363,933,018.13   363,933,018.13

Class C (2003-3)

           33,638,598.66   33,638,598.66

Class C (2003-4)

           33,638,598.66   33,638,598.66

Class C (2004-2)

           13,455,439.46   13,455,439.46

Class C (2004-3)

           49,448,740.03   49,448,740.03

Class C (2004-4)

           20,183,159.19   20,183,159.19

Class C (2005-1)

           23,547,019.06   23,547,019.06

Class C (2006-1)

           23,547,019.06   23,547,019.06

Class C (2006-2)

           13,455,439.46   13,455,439.46

 

18

     Required
Subordination
Amount from
Class B Notes		    Available
Subordination
Amount from
Class B Notes		    Required
Subordination
Amount from
Class C Notes		    Available
Subordination
Amount from
Class C Notes		    Required
Subordination
Amount from
Class D Notes		    Available
Subordination
Amount from
Class D Notes

Class C (2006-3)

                16,819,299.33    16,819,299.33

Class C (2007-1)

                40,366,318.39    40,366,318.39

Class C (2007-2)

                33,638,598.66    33,638,598.66

Class C (2007-3)

                16,819,299.33    16,819,299.33

Class C (2007-4)

                47,094,038.12    47,094,038.12
                     

Total Class C

                365,651,567.41    365,651,567.41

 

* All balances for 2006-AA, 2006-AB, 2006-AC , 2006-AD, 2006-AE, 2008-AA and 2008-AB tranches are as of End of Month.

 

* The Required and Available Subordination amounts reported in this table are calculated taking into consideration the issuance of Class B (2009-A) on January 7th, 2009.

N. Early Redemption Event

 

Current Month Excess Spread Amount

    $ 260,267,679.36
      

Prior Month Excess Spread Amount

    $ 259,014,174.40
      

Two Months Prior Excess Spread Amount

    $ 203,261,500.31
      

Three Month Average Excess Spread Amount

    $ 240,847,784.69
      

Is the average of the Excess Spread Amount for preceding three months greater than $0?

      YES
      

IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate this 12th day of January, 2009.

 

 

Capital One Bank (USA), National Association

as Administrator

By:

  

/s/ Pam Koch

 

Name:

   Pam Koch

Title:

   Authorized Officer

Date:

   01/12/2009

 

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