EX-99.1 3 dex9911.htm EXHIBIT 99.2 Exhibit 99.2

Exhibit 99.2

CARD SERIES SCHEDULE TO

MONTHLY NOTEHOLDERS’ STATEMENT

Date: 03/11/2009

CAPITAL ONE MULTI-ASSET EXECUTION TRUST, ASSET POOL 1

Monthly Period Ending: February 28, 2009

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 March 13, 2009 and with respect to the performance of the Trust during the related Monthly Period from February 1, 2009 through February 28, 2009. Current Distribution Date is March 16, 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 Funding’s 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 Funding’s 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 Funding s Form 8-K filed with the SEC on November 12, 2002.
Indenture dated as of October 9, 2002.    Included in Exhibit 4.4 to Funding’s 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 Funding’s 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 Funding’s 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    16-Mar-09    279,375.00    0.5587500000

Class A (2004-1)

    14041NBG5    16-Mar-09    249,375.00    0.4987500000

Class A (2004-2)

    14041NBK6    16-Mar-09    306,562.50    0.4087500000

Class A (2004-3)

    14041NBM2    16-Mar-09    208,125.00    0.4162500000

Class A (2004-4)

    14041NBN0    16-Mar-09    253,125.00    0.5062500000

Class A (2004-5)

    14041NBP5    16-Mar-09    90,750.00    0.4537500000

Class A (2004-7)

    14041NBU4    15-May-09    —      0.0000000000

Class A (2004-8)

    14041NBW0    16-Mar-09    219,375.00    0.4387500000

Class A (2005-1)

    14041NBY6    16-Mar-09    295,312.50    0.3937500000

Class A (2005-3)

    14041NCC3    16-Mar-09    1,687,500.00    3.3750000000

Class A (2005-4)

    14041NCD1    16-Mar-09    102,375.00    0.3412500000

Class A (2005-5)

    14041NCE9    16-Mar-09    180,000.00    0.3600000000

Class A (2005-6)

    14041NCF6    15-Apr-09    —      0.0000000000

Class A (2005-7)

    14041NCH2    16-Mar-09    1,958,333.33    3.9166666600

Class A (2005-9)

    14041NCK5    16-Mar-09    132,843.75    0.4087500000

Class A (2005-10)

    14041NCL3    16-Mar-09    200,625.00    0.4012500000

Class A (2005-11)

    14041NCM1    16-Mar-09    185,625.00    0.3712500000

Class A (2006-1)

    14041NCN9    16-Mar-09    183,750.00    0.3675000000

Class A (2006-2)

    14041NCP4    16-Mar-09    2,020,833.33    4.0416666600

Class A (2006-3)

    14041NCQ2    16-Mar-09    1,683,333.33    4.2083333250

Class A (2006-4)

    14041NCR0    16-Mar-09    371,250.00    0.3712500000

Class A (2006-5)

    14041NCS8    16-Mar-09    193,125.00    0.3862500000

Class A (2006-6)

    14041NCU3    16-Mar-09    2,208,333.33    4.4166666600

Class A (2006-7)

    14041NCV1    16-Mar-09    363,750.00    0.3637500000

Class A (2006-8)

    14041NCX7    16-Mar-09    109,125.00    0.3637500000

Class A (2006-9)

    14041NCY5    16-Mar-09    264,375.00    0.3525000000

Class A (2006-10)

    14041NDA6    16-Mar-09    2,145,833.33    4.2916666600

Class A (2006-11)

    14041NDB4    16-Mar-09    306,562.50    0.4087500000

Class A (2006-12)

    14041NDC2    16-Mar-09    193,125.00    0.3862500000

Class A (2006-13)

    14041NDE8    16-Mar-09    163,125.00    0.3262500000

Class A (2006-14)

    14041NDF5    16-Mar-09    174,375.00    0.3487500000

Class A (2006-A)

       16-Mar-09    280,644.13    1.0023004643

Class A (2006-B)

       16-Mar-09    45,618.38    0.7983216500

Class A (2006-C)

       16-Mar-09    517,595.12    1.2077219467

Class A (2006-D)

       16-Mar-09    —      0.0000000000

Class A (2006-E)

       16-Mar-09    —      0.0000000000

Class A (2007-1)

    14041NDG3    16-Mar-09    236,718.75    0.3787500000

Class A (2007-2)

    14041NDL2    16-Mar-09    280,875.00    0.4012500000

Class A (2007-3)

    14041NDP3    16-Mar-09    255,937.50    0.3412500000

Class A (2007-4)

    14041NDS7    16-Mar-09    272,812.50    0.3637500000

Class A (2007-A)

    U13554AD9    16-Mar-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)

    14041NDT5    16-Mar-09    222,750.00    0.3712500000

Class A (2007-6)

    14041NDW8    16-Mar-09    393,750.00    0.3937500000

Class A (2007-7)

    14041NDX6    16-Mar-09    4,791,666.67    4.7916666700

Class A (2007-8)

    14041NDY4    16-Mar-09    2,902,204.86    5.8044097200

Class A (2007-9)

    14041NDZ1    16-Mar-09    3,093,750.00    4.1250000000

Class A (2008-1)

    14041NEB3    16-Mar-09    1,671,937.50    0.9037500000

Class A (2008-2)

    14041NEC1    16-Mar-09    545,625.00    1.0912500000

Class A (2008-3)

    14041N ED9    16-Mar-09    2,525,000.00    4.2083333333

Class A (2008-4)

    14041NEE7    16-Mar-09    954,281.25    1.3162500000

Class A (2008-5)

    14041N EF4    16-Mar-09    3,031,250.00    4.0416666667

Class A (2008-6)

    14041NEG2    16-Mar-09    583,125.00    1.1662500000

Class A (2008-A)

       16-Mar-09    —      0.0000000000

Class A (2008-B)

       16-Mar-09    —      0.0000000000
             

Total Class A

          40,202,406.23   

Class B (2003-5)

    14041NBA8    16-Mar-09    598,750.00    3.9916666667

Class B (2004-3)

    14041NBL4    16-Mar-09    133,312.50    0.8887500000

Class B (2004-6)

    14041NBV2    16-Mar-09    691,666.67    3.4583333500

Class B (2004-7)

       15-Apr-09    —      0.0000000000

Class B (2005-1)

    14041NBX8    16-Mar-09    714,583.33    4.0833333143

Class B (2005-3)

    14041NCG4    15-Apr-09    —      0.0000000000

Class B (2006-1)

    14041NCT6    16-Mar-09    96,468.75    0.5512500000

Class B (2006-2)

    14041YAA5    16-Mar-09    143,062.50    0.4087500000

Class B (2007-1)

    14041NDH1    16-Mar-09    190,312.50    0.5437500000

Class B (2007-2)

    14041NDM0    16-Mar-09    69,562.50    0.3975000000

Class B (2007-3)

    14041NDQ1    16-Mar-09    1,052,083.33    4.2083333200

Class B (2007-4)

    14041NDR9    16-Mar-09    102,187.50    0.4087500000

Class B (2007-5)

    14041NDV0    16-Mar-09    675,000.00    4.5000000000

Class B (2008-A)

       16-Mar-09    1,300,687.50    3.7162500000

Class B (2009-A)

       16-Mar-09    1,956,937.50    5.5912500000
             

Total Class B

          7,724,614.58   

Class C (2003-3)

    14041NAV3    16-Mar-09    507,187.50    2.0287500000

Class C (2003-4)

    14041NAZ4    16-Mar-09    1,250,000.00    5.0000000000

Class C (2004-2)

    14041NBH3    16-Mar-09    112,875.00    1.1287500000

Class C (2004-3)

       16-Mar-09    5,879,081.25    15.9975000000

Class C (2004-4)

    14041NBT7    16-Mar-09    124,312.50    0.8287500000

Class C (2005-1)

    14041NBZ3    16-Mar-09    112,218.75    0.6412500000

Class C (2006-1)

    14041NCW9    16-Mar-09    97,781.25    0.5587500000

Class C (2006-2)

    14041NCZ2    16-Mar-09    56,625.00    0.5662500000

Class C (2006-3)

    14041NDD0    16-Mar-09    72,656.25    0.5812500000

Class C (2007-1)

    14041NDJ7    16-Mar-09    210,375.00    0.7012500000

 

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    16-Mar-09    141,562.50    0.5662500000

Class C (2007-3)

    14041NDU2    16-Mar-09    69,843.75    0.5587500000

Class C (2007-4)

    14041NEA5    16-Mar-09    473,812.50    1.3537500000
             

Total Class C

          9,108,331.25   

Total

          57,035,352.06   

 

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 A (2004-2)

    14041NBK6    16-Mar-09    750,000,000.00    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)

    —      —      —      —  

Class A (2006-B)

    —      —      —      —  

Class A (2006-C)

    —      —      —      —  

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)

    —      —      —      —  

Class A (2008-B)

    —      —      —      —  
                   

Total Class A

    28,280,000,000.00    28,280,000,000.00    28,280,000,000.00    28,280,000,000.00

Class B (2003-5)

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

Class B (2004-3)

    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

Class B (2009-A)

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

Total Class B

    3,359,605,000.00    3,359,605,000.00    3,359,605,000.00    3,359,605,000.00

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)

       347,064,465.82    347,064,465.82    347,064,465.82
                   

Total

    34,357,105,000.00    34,704,169,465.82    34,704,169,465.82    34,704,169,465.82

 

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)

    —      —      —      —      —      —      —      —  

Class A (2006-B)

    —      —      —      —      —      —      —      —  

Class A (2006-C)

    —      —      —      —      —      —      —      —  

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)

    —      —      —      —      —      —      —      —  

Class A (2008-B)

    —      —      —      —      —      —      —      —  
                                       

Total Class A

    28,280,000,000.00    —      —      —      —      —      750,000,000.00    27,530,000,000.00

Class B (2003-5)

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

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

Class B (2009-A)

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

Total Class B

    3,359,605,000.00    —      —      —      —      —      —      3,359,605,000.00

 

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)

    347,064,465.82    —      —      —      —      —      —      339,488,201.59
                                       

Total

    34,704,169,465.82    —      —      —      —      —      750,000,000.00    33,946,593,201.59

 

* This report does not capture any new issuances or increases of notes occurring after the end of the Monthly Period. Additionally, the Class D balance reflects 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-Account		    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 A (2004-2)

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

 

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)		    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)

    0.745 %   —      279,375.00    —      279,375.00    (279,375.00 )   —      0.00

Class A (2004-1)

    0.665 %   —      249,375.00    —      249,375.00    (249,375.00 )   —      0.00

Class A (2004-2)

    0.545 %   —      306,562.50    —      306,562.50    (306,562.50 )   —      0.00

Class A (2004-3)

    0.555 %   —      208,125.00    —      208,125.00    (208,125.00 )   —      0.00

Class A (2004-4)

    0.675 %   —      253,125.00    —      253,125.00    (253,125.00 )   —      0.00

Class A (2004-5)

    0.605 %   —      90,750.00    —      90,750.00    (90,750.00 )   —      0.00

Class A (2004-7)

    1.384 %   —      519,142.50    —      519,142.50    —       519,142.50    401.60

Class A (2004-8)

    0.585 %   —      219,375.00    —      219,375.00    (219,375.00 )   —      0.00

Class A (2005- 1)

    0.525 %   —      295,312.50    —      295,312.50    (295,312.50 )   —      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)

    0.455 %   —      102,375.00    —      102,375.00    (102,375.00 )   —      0.00

Class A (2005- 5)

    0.480 %   —      180,000.00    —      180,000.00    (180,000.00 )   —      0.00

Class A (2005- 6)

    1.144 %   477,301.83    390,519.68    —      390,519.68    —       867,821.51    74.66

Class A (2005- 7)

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

Class A (2005- 9)

    0.545 %   —      132,843.75    —      132,843.75    (132,843.75 )   —      0.00

Class A (2005-10)

    0.535 %   —      200,625.00    —      200,625.00    (200,625.00 )   —      0.00

Class A (2005-11)

    0.495 %   —      185,625.00    —      185,625.00    (185,625.00 )   —      0.00

Class A (2006- 1)

    0.490 %   —      183,750.00    —      183,750.00    (183,750.00 )   —      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)

    0.495 %   —      371,250.00    —      371,250.00    (371,250.00 )   —      0.00

Class A (2006- 5)

    0.515 %   —      193,125.00    —      193,125.00    (193,125.00 )   —      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)

    0.485 %   —      363,750.00    —      363,750.00    (363,750.00 )   —      0.00

Class A (2006- 8)

    0.485 %   —      109,125.00    —      109,125.00    (109,125.00 )   —      0.00

Class A (2006- 9)

    0.470 %   —      264,375.00    —      264,375.00    (264,375.00 )   —      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)

    0.545 %   —      306,562.50    —      306,562.50    (306,562.50 )   —      0.00

Class A (2006-12)

    0.515 %   —      193,125.00    —      193,125.00    (193,125.00 )   —      0.00

Class A (2006-13)

    0.435 %   —      163,125.00    —      163,125.00    (163,125.00 )   —      0.00

Class A (2006-14)

    0.465 %   —      174,375.00    —      174,375.00    (174,375.00 )   —      0.00

Class A (2006-A)

    —       —      280,644.13    —      280,644.13    (280,644.13 )   —      0.00

Class A (2006-B)

    —       —      45,618.38    —      45,618.38    (45,618.38 )   —      0.00

Class A (2006-C)

    —       —      517,595.12    —      517,595.12    (517,595.12 )   —      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)

    0.505 %   —      236,718.75    —      236,718.75    (236,718.75 )   —      0.00

Class A (2007- 2)

    0.535 %   —      280,875.00    —      280,875.00    (280,875.00 )   —      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)

    0.455 %   —      255,937.50    —      255,937.50    (255,937.50 )   —      0.00

Class A (2007- 4)

    0.485 %   —      272,812.50    —      272,812.50    (272,812.50 )   —      0.00

Class A (2007- A)

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

Class A (2007-5)

    0.495 %   —      222,750.00    —      222,750.00    (222,750.00 )   —      0.00

Class A (2007-6)

    0.525 %   —      393,750.00    —      393,750.00    (393,750.00 )   —      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 %   2,041,111.11    861,093.75    —      861,093.75    (2,902,204.86 )   —      529.35

Class A (2007-9)

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

Class A (2008-1)

    1.205 %   —      1,671,937.50    —      1,671,937.50    (1,671,937.50 )   —      0.00

Class A (2008-2)

    1.455 %   —      545,625.00    —      545,625.00    (545,625.00 )   —      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)

    1.755 %   —      954,281.25    —      954,281.25    (954,281.25 )   —      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)

    1.555 %   —      583,125.00    —      583,125.00    (583,125.00 )   —      0.00

Class A (2008-A)

    —       —      0.00    —      0.00    —       —      0.00

Class A (2008-B)

    —       —      0.00    —      0.00    —       —      0.00
                                     

Total Class A

      2,518,412.94    39,070,957.30    —      39,070,957.30    (40,202,406.23 )   1,386,964.01    1,005.61

Class B (2003-5)

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

Class B (2004-3)

    1.185 %   —      133,312.50    —      133,312.50    (133,312.50 )   —      0.00

Class B (2004-6)

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

Class B (2004-7)

    1.680 %   258,420.85    232,578.76    —      232,578.76    —       490,999.61    40.45

Class B (2005-1)

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

Class B (2005-3)

    1.644 %   150,734.83    123,328.50    —      123,328.50    —       274,063.33    23.55

Class B (2006-1)

    0.735 %   —      96,468.75    —      96,468.75    (96,468.75 )   —      0.00

Class B (2006-2)

    0.545 %   —      143,062.50    —      143,062.50    (143,062.50 )   —      0.00

Class B (2007- 1)

    0.725 %   —      190,312.50    —      190,312.50    (190,312.50 )   —      0.00

Class B (2007- 2)

    0.530 %   —      69,562.50    —      69,562.50    (69,562.50 )   —      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)

    0.545 %   —      102,187.50    —      102,187.50    (102,187.50 )   —      0.00

Class B (2007- 5)

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

Class B (2008-A)

    —       —      1,300,687.50    —      1,300,687.50    (1,300,687.50 )   —      0.00

Class B (2009-A)

    —       —      1,956,937.50    —      1,956,937.50    (1,956,937.50 )   —      0.00
                                     

Total Class B

      409,155.68    8,080,521.84    —      8,080,521.84    (7,724,614.58 )   765,062.94    64.00

Class C (2003-3)

    2.705 %   —      507,187.50    —      507,187.50    (507,187.50 )   —      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)

    1.505 %   —      112,875.00    —      112,875.00    (112,875.00 )   —      0.00

Class C (2004-3)

    6.399 %   3,919,387.50    1,959,693.75    —      1,959,693.75    (5,879,081.25 )   —      1,029.51

 

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)

    1.105 %   —      124,312.50    —      124,312.50    (124,312.50 )   —      0.00

Class C (2005-1)

    0.855 %   —      112,218.75    —      112,218.75    (112,218.75 )   —      0.00

Class C (2006-1)

    0.745 %   —      97,781.25    —      97,781.25    (97,781.25 )   —      0.00

Class C (2006-2)

    0.755 %   —      56,625.00    —      56,625.00    (56,625.00 )   —      0.00

Class C (2006-3)

    0.775 %   —      72,656.25    —      72,656.25    (72,656.25 )   —      0.00

Class C (2007-1)

    0.935 %   —      210,375.00    —      210,375.00    (210,375.00 )   —      0.00

Class C (2007-2)

    0.755 %   —      141,562.50    —      141,562.50    (141,562.50 )   —      0.00

Class C (2007-3)

    0.745 %   —      69,843.75    —      69,843.75    (69,843.75 )   —      0.00

Class C (2007-4)

    1.805 %   —      473,812.50    —      473,812.50    (473,812.50 )   —      0.00
                                     

Total Class C

      3,919,387.50    5,188,943.75    —      5,188,943.75    (9,108,331.25 )   —      1,029.51

Total

      6,846,956.12    52,340,422.89    —      52,340,422.89    (57,035,352.06 )   2,152,026.95    2,099.12

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)

                  

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)

                  

Class A (2006-B)

                  

Class A (2006-C)

                  

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)

                  

Class A (2008-B)

                  
                             

Total Class A

    2,985,188,020.00    2,985,188,020.00    2,321,825,140.00    2,321,825,140.00    331,708,970.00    331,708,970.00

Class B (2003-5)

          104,937,041.91    104,937,041.91    14,991,891.13    14,991,891.13

Class B (2004-3)

          104,937,041.91    104,937,041.91    14,991,891.13    14,991,891.13

Class B (2004-6)

          139,916,055.89    139,916,055.89    19,989,188.16    19,989,188.16

Class B (2004-7)

          129,146,017.49    129,146,017.49    18,450,520.41    18,450,520.41

Class B (2005-1)

          122,426,548.90    122,426,548.90    17,490,539.65    17,490,539.65

Class B (2005-3)

          69,958,027.95    69,958,027.95    9,994,594.08    9,994,594.08

Class B (2006-1)

          122,426,548.90    122,426,548.90    17,490,539.65    17,490,539.65

Class B (2006-2)

          244,853,097.81    244,853,097.81    34,981,079.29    34,981,079.29

Class B (2007- 1)

          244,853,097.81    244,853,097.81    34,981,079.29    34,981,079.29

Class B (2007- 2)

          122,426,548.90    122,426,548.90    17,490,539.65    17,490,539.65

Class B (2007- 3)

          174,895,069.86    174,895,069.86    24,986,485.21    24,986,485.21

Class B (2007- 4)

          174,895,069.86    174,895,069.86    24,986,485.21    24,986,485.21

Class B (2007- 5)

          104,937,041.91    104,937,041.91    14,991,891.13    14,991,891.13

Class B (2008-A)

          244,853,097.81    244,853,097.81    34,981,079.29    34,981,079.29

Class B (2009-A)

          244,853,097.81    244,853,097.81    34,981,079.29    34,981,079.29
                         

Total Class B

          2,350,313,404.72    2,350,313,404.72    335,778,882.57    335,778,882.57

Class C (2003-3)

                31,231,665.28    31,231,665.28

Class C (2003-4)

                31,231,665.28    31,231,665.28

Class C (2004-2)

                12,492,666.11    12,492,666.11

Class C (2004-3)

                45,910,547.95    45,910,547.95

Class C (2004-4)

                18,738,999.17    18,738,999.17

Class C (2005-1)

                21,862,165.70    21,862,165.70

Class C (2006-1)

                21,862,165.70    21,862,165.70

Class C (2006-2)

                12,492,666.11    12,492,666.11

 

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)

                15,615,832.64    15,615,832.64

Class C (2007-1)

                37,477,998.34    37,477,998.34

Class C (2007-2)

                31,231,665.28    31,231,665.28

Class C (2007-3)

                15,615,832.64    15,615,832.64

Class C (2007-4)

                43,724,331.39    43,724,331.39
                     

Total Class C

                339,488,201.59    339,488,201.59

 

* 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.

N. Early Redemption Event

 

Current Month Excess Spread Amount

   $ 199,302,749.10
     

Prior Month Excess Spread Amount

   $ 225,466,792.67
     

Two Months Prior Excess Spread Amount

   $ 260,267,679.36
     

Three Month Average Excess Spread Amount

   $ 228,345,740.38
     

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 11th day of March, 2009.

 

Capital One Bank (USA), National Association
as Administrator
By:  

/s/Pam Koch

Name:   Pam Koch
Title:   Authorized Officer
Date:   03/11/2009

 

19