EX-99.2 3 dex992.htm EXHIBIT 99.2 Exhibit 99.2

Exhibit 99.2

CARD SERIES SCHEDULE TO

MONTHLY NOTEHOLDERS’ STATEMENT

Date: 04/10/2009

CAPITAL ONE MULTI-ASSET EXECUTION TRUST, ASSET POOL 1

Monthly Period Ending: March 31, 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 April 14, 2009 and with respect to the performance of the Trust during the related Monthly Period from March 1, 2009 through March 31, 2009. Current Distribution Date is April 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 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    15-Apr-09    352,604.17    0.7052083400

Class A (2004-1)

    14041NBG5    15-Apr-09    319,270.83    0.6385416600

Class A (2004-3)

    14041NBM2    15-Apr-09    273,437.50    0.5468750000

Class A (2004-4)

    14041NBN0    15-Apr-09    323,437.50    0.6468750000

Class A (2004-5)

    14041NBP5    15-Apr-09    117,708.33    0.5885416500

Class A (2004-7)

    14041NBU4    15-May-09    —      0.0000000000

Class A (2004-8)

    14041NBW0    15-Apr-09    285,937.50    0.5718750000

Class A (2005- 1)

    14041NBY6    15-Apr-09    391,406.25    0.5218750000

Class A (2005- 3)

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

Class A (2005- 4)

    14041NCD1    15-Apr-09    139,062.50    0.4635416667

Class A (2005- 5)

    14041NCE9    15-Apr-09    242,187.50    0.4843750000

Class A (2005- 6)

    14041NCF6    15-Apr-09    1,301,732.26    2.8609500220

Class A (2005- 7)

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

Class A (2005- 9)

    14041NCK5    15-Apr-09    175,026.04    0.5385416615

Class A (2005-10)

    14041NCL3    15-Apr-09    265,104.17    0.5302083400

Class A (2005-11)

    14041NCM1    15-Apr-09    248,437.50    0.4968750000

Class A (2006- 1)

    14041NCN9    15-Apr-09    246,354.17    0.4927083400

Class A (2006- 2)

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

Class A (2006- 3)

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

Class A (2006- 4)

    14041NCR0    15-Apr-09    496,875.00    0.4968750000

Class A (2006- 5)

    14041NCS8    15-Apr-09    256,770.83    0.5135416600

Class A (2006- 6)

    14041NCU3    15-Apr-09    2,208,333.33    4.4166666600

Class A (2006- 7)

    14041NCV1    15-Apr-09    488,541.67    0.4885416700

Class A (2006- 8)

    14041NCX7    15-Apr-09    146,562.50    0.4885416667

Class A (2006- 9)

    14041NCY5    15-Apr-09    357,031.25    0.4760416667

Class A (2006-10)

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

Class A (2006-11)

    14041NDB4    15-Apr-09    403,906.25    0.5385416667

Class A (2006-12)

    14041NDC2    15-Apr-09    256,770.83    0.5135416600

Class A (2006-13)

    14041NDE8    15-Apr-09    223,437.50    0.4468750000

Class A (2006-14)

    14041NDF5    15-Apr-09    235,937.50    0.4718750000

Class A (2006-A)

       15-Apr-09    90,541.72    1.0395530815

Class A (2006-B)

       15-Apr-09    85,589.11    0.8844208033

Class A (2006-C)

       15-Apr-09    215,698.73    1.0224251728

Class A (2006-D)

       15-Apr-09    58,336.82    1.0333950972

Class A (2006-E)

       15-Apr-09    121,679.08    1.2573504933

Class A (2007- 1)

    14041NDG3    15-Apr-09    315,755.21    0.5052083360

Class A (2007- 2)

    14041NDL2    15-Apr-09    371,145.83    0.5302083286

Class A (2007- 3)

    14041NDP3    15-Apr-09    347,656.25    0.4635416667

Class A (2007- 4)

    14041NDS7    15-Apr-09    366,406.25    0.4885416667

Class A (2007- A)

    U13554AD9    15-Apr-09    866,666.67    4.3333333500

Class A (2007-5)

    14041NDT5    15-Apr-09    298,125.00    0.4968750000

 

3

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

Class A (2007-6)

    14041NDW8    15-Apr-09    521,875.00    0.5218750000

Class A (2007-7)

    14041NDX6    15-Apr-09    4,791,666.67    4.7916666700

Class A (2007-8)

    14041NDY4    15-Jun-09    —      0.0000000000

Class A (2007-9)

    14041NDZ1    15-Apr-09    3,093,750.00    4.1250000000

Class A (2008-1)

    14041NEB3    15-Apr-09    2,013,802.08    1.0885416649

Class A (2008-2)

    14041NEC1    15-Apr-09    648,437.50    1.2968750000

Class A (2008-3)

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

Class A (2008-4)

    14041NEE7    15-Apr-09    1,121,484.38    1.5468750069

Class A (2008-5)

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

Class A (2008-6)

    14041NEG2    15-Apr-09    690,104.17    1.3802083400

Class A (2008-A)

       15-Apr-09    —      0.0000000000

Class A (2008-B)

       15-Apr-09    —      0.0000000000
             

Total Class A

          40,826,676.67   

Class B (2003-5)

    14041NBA8    15-Apr-09    598,750.00    3.9916666667

Class B (2004-3)

    14041NBL4    15-Apr-09    160,781.25    1.0718750000

Class B (2004-6)

    14041NBV2    15-Apr-09    691,666.67    3.4583333500

Class B (2004-7)

       15-Apr-09    749,420.46    4.0595891769

Class B (2005-1)

    14041NBX8    15-Apr-09    714,583.33    4.0833333143

Class B (2005-3)

    14041NCG4    15-Apr-09    411,095.00    4.1109500000

Class B (2006-1)

    14041NCT6    15-Apr-09    121,953.13    0.6968750286

Class B (2006-2)

    14041YAA5    15-Apr-09    188,489.58    0.5385416571

Class B (2007- 1)

    14041NDH1    15-Apr-09    240,989.58    0.6885416571

Class B (2007- 2)

    14041NDM0    15-Apr-09    92,057.29    0.5260416571

Class B (2007- 3)

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

Class B (2007- 4)

    14041NDR9    15-Apr-09    134,635.42    0.5385416800

Class B (2007- 5)

    14041NDV0    15-Apr-09    675,000.00    4.5000000000

Class B (2008-A)

       15-Apr-09    1,474,739.58    4.2135416571

Class B (2009-A)

       15-Apr-09    2,203,906.25    6.2968750000
             

Total Class B

          9,510,150.87   

Class C (2003-3)

    14041NAV3    15-Apr-09    584,635.42    2.3385416800

Class C (2003-4)

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

Class C (2004-2)

    14041NBH3    15-Apr-09    133,854.17    1.3385417000

Class C (2004-3)

       15-Jun-09    —      0.0000000000

Class C (2004-4)

    14041NBT7    15-Apr-09    150,781.25    1.0052083333

Class C (2005-1)

    14041NBZ3    15-Apr-09    139,453.13    0.7968750286

Class C (2006-1)

    14041NCW9    15-Apr-09    123,411.46    0.7052083429

Class C (2006-2)

    14041NCZ2    15-Apr-09    71,354.17    0.7135417000

Class C (2006-3)

    14041NDD0    15-Apr-09    91,276.04    0.7302083200

Class C (2007-1)

    14041NDJ7    15-Apr-09    259,062.50    0.8635416667

Class C (2007-2)

    14041NDK4    15-Apr-09    178,385.42    0.7135416800

 

4

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

Class C (2007-3)

    14041NDU2    15-Apr-09    88,151.04    0.7052083200

Class C (2007-4)

    14041NEA5    15-Apr-09    555,989.58    1.5885416571
             

Total Class C

          3,626,354.18   

Total

          53,963,181.72   

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 (2004-3)

    14041NBM2    15-Apr-09    500,000,000.00    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 (2004-3)

    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)

    450,000,000.00    450,000,000.00    450,000,000.00    450,000,000.00

Class A (2006-B)

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

Class A (2006-C)

    1,090,000,000.00    1,090,000,000.00    1,090,000,000.00    1,090,000,000.00

Class A (2006-D)

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

Class A (2006-E)

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

Class A (2007- 1)

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

 

6

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

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

    30,320,000,000.00    30,320,000,000.00    30,320,000,000.00    30,320,000,000.00

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

Class C (2004-2)

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

 

7

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

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)

       367,671,904.51    367,671,904.51    367,671,904.51
                   

Total

    36,397,105,000.00    36,764,776,904.51    36,764,776,904.51    36,764,776,904.51

 

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 (2004-3)

   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)

   450,000,000.00   —     —     —     —     —     —     450,000,000.00

Class A (2006-B)

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

Class A (2006-C)

   1,090,000,000.00   —     —     —     —     —     —     1,090,000,000.00

Class A (2006-D)

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

Class A (2006-E)

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

 

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 (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

   30,320,000,000.00   —     —     —     —     —     500,000,000.00   29,820,000,000.00

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)

   367,671,904.51   —     —     —     —     —     —     362,621,061.69
                               

Total

   36,764,776,904.51   —     —     —     —     —     500,000,000.00   36,259,726,061.69

 

* 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-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 A (2004-3)

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

 

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)

   0.846 %   —     352,604.17   —     352,604.17   (352,604.17 )   —     0.00

Class A (2004-1)

   0.766 %   —     319,270.83   —     319,270.83   (319,270.83 )   —     0.00

Class A (2004-3)

   0.656 %   —     273,437.50   —     273,437.50   (273,437.50 )   —     0.00

Class A (2004-4)

   0.776 %   —     323,437.50   —     323,437.50   (323,437.50 )   —     0.00

Class A (2004-5)

   0.706 %   —     117,708.33   —     117,708.33   (117,708.33 )   —     0.00

Class A (2004-7)

   1.384 %   519,142.50   576,825.00   —     576,825.00   —       1,095,967.50   76.01

Class A (2004-8)

   0.686 %   —     285,937.50   —     285,937.50   (285,937.50 )   —     0.00

Class A (2005- 1)

   0.626 %   —     391,406.25   —     391,406.25   (391,406.25 )   —     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)

   0.556 %   —     139,062.50   —     139,062.50   (139,062.50 )   —     0.00

Class A (2005- 5)

   0.581 %   —     242,187.50   —     242,187.50   (242,187.50 )   —     0.00

Class A (2005- 6)

   1.144 %   867,821.51   433,910.75   —     433,910.75   (1,301,732.26 )   —     201.08

Class A (2005- 7)

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

Class A (2005- 9)

   0.646 %   —     175,026.04   —     175,026.04   (175,026.04 )   —     0.00

Class A (2005-10)

   0.636 %   —     265,104.17   —     265,104.17   (265,104.17 )   —     0.00

Class A (2005-11)

   0.596 %   —     248,437.50   —     248,437.50   (248,437.50 )   —     0.00

Class A (2006- 1)

   0.591 %   —     246,354.17   —     246,354.17   (246,354.17 )   —     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)

   0.596 %   —     496,875.00   —     496,875.00   (496,875.00 )   —     0.00

Class A (2006- 5)

   0.616 %   —     256,770.83   —     256,770.83   (256,770.83 )   —     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)

   0.586 %   —     488,541.67   —     488,541.67   (488,541.67 )   —     0.00

Class A (2006- 8)

   0.586 %   —     146,562.50   —     146,562.50   (146,562.50 )   —     0.00

Class A (2006- 9)

   0.571 %   —     357,031.25   —     357,031.25   (357,031.25 )   —     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)

   0.646 %   —     403,906.25   —     403,906.25   (403,906.25 )   —     0.00

Class A (2006-12)

   0.616 %   —     256,770.83   —     256,770.83   (256,770.83 )   —     0.00

Class A (2006-13)

   0.536 %   —     223,437.50   —     223,437.50   (223,437.50 )   —     0.00

Class A (2006-14)

   0.566 %   —     235,937.50   —     235,937.50   (235,937.50 )   —     0.00

Class A (2006-A)

   —       —     90,541.72   —     90,541.72   (90,541.72 )   —     0.00

Class A (2006-B)

   —       —     85,589.11   —     85,589.11   (85,589.11 )   —     0.00

Class A (2006-C)

   —       —     215,698.73   —     215,698.73   (215,698.73 )   —     0.00

Class A (2006-D)

   —       —     58,336.82   —     58,336.82   (58,336.82 )   —     0.00

Class A (2006-E)

   —       —     121,679.08   —     121,679.08   (121,679.08 )   —     0.00

Class A (2007- 1)

   0.606 %   —     315,755.21   —     315,755.21   (315,755.21 )   —     0.00

Class A (2007- 2)

   0.636 %   —     371,145.83   —     371,145.83   (371,145.83 )   —     0.00

Class A (2007- 3)

   0.556 %   —     347,656.25   —     347,656.25   (347,656.25 )   —     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- 4)

   0.586 %   —     366,406.25   —     366,406.25   (366,406.25 )   —     0.00

Class A (2007- A)

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

Class A (2007-5)

   0.596 %   —     298,125.00   —     298,125.00   (298,125.00 )   —     0.00

Class A (2007-6)

   0.626 %   —     521,875.00   —     521,875.00   (521,875.00 )   —     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)

   1.620 %   —     675,000.00   —     675,000.00   —       675,000.00   316.77

Class A (2007-9)

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

Class A (2008-1)

   1.306 %   —     2,013,802.08   —     2,013,802.08   (2,013,802.08 )   —     0.00

Class A (2008-2)

   1.556 %   —     648,437.50   —     648,437.50   (648,437.50 )   —     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)

   1.856 %   —     1,121,484.38   —     1,121,484.38   (1,121,484.38 )   —     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)

   1.656 %   —     690,104.17   —     690,104.17   (690,104.17 )   —     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

     1,386,964.01   41,210,680.16   —     41,210,680.16   (40,826,676.67 )   1,770,967.50   593.86

Class B (2003-5)

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

Class B (2004-3)

   1.286 %   —     160,781.25   —     160,781.25   (160,781.25 )   —     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 %   490,999.61   258,420.85   —     258,420.85   (749,420.46 )   —     111.99

Class B (2005-1)

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

Class B (2005-3)

   1.644 %   274,063.33   137,031.67   —     137,031.67   (411,095.00 )   —     63.50

Class B (2006-1)

   0.836 %   —     121,953.13   —     121,953.13   (121,953.13 )   —     0.00

Class B (2006-2)

   0.646 %   —     188,489.58   —     188,489.58   (188,489.58 )   —     0.00

Class B (2007- 1)

   0.826 %   —     240,989.58   —     240,989.58   (240,989.58 )   —     0.00

Class B (2007- 2)

   0.631 %   —     92,057.29   —     92,057.29   (92,057.29 )   —     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)

   0.646 %   —     134,635.42   —     134,635.42   (134,635.42 )   —     0.00

Class B (2007- 5)

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

Class B (2008-A)

   —       —     1,474,739.58   —     1,474,739.58   (1,474,739.58 )   —     0.00

Class B (2009-A)

   —       —     2,203,906.25   —     2,203,906.25   (2,203,906.25 )   —     0.00
                               

Total Class B

     765,062.94   8,745,087.93   —     8,745,087.93   (9,510,150.87 )   —     175.49

Class C (2003-3)

   2.806 %   —     584,635.42   —     584,635.42   (584,635.42 )   —     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)

   1.606 %   —     133,854.17   —     133,854.17   (133,854.17 )   —     0.00

Class C (2004-3)

   6.399 %   —     1,959,693.75   —     1,959,693.75   —       1,959,693.75   608.27

Class C (2004-4)

   1.206 %   —     150,781.25   —     150,781.25   (150,781.25 )   —     0.00

 

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 (2005-1)

   0.956 %   —     139,453.13   —     139,453.13   (139,453.13 )   —     0.00

Class C (2006-1)

   0.846 %   —     123,411.46   —     123,411.46   (123,411.46 )   —     0.00

Class C (2006-2)

   0.856 %   —     71,354.17   —     71,354.17   (71,354.17 )   —     0.00

Class C (2006-3)

   0.876 %   —     91,276.04   —     91,276.04   (91,276.04 )   —     0.00

Class C (2007-1)

   1.036 %   —     259,062.50   —     259,062.50   (259,062.50 )   —     0.00

Class C (2007-2)

   0.856 %   —     178,385.42   —     178,385.42   (178,385.42 )   —     0.00

Class C (2007-3)

   0.846 %   —     88,151.04   —     88,151.04   (88,151.04 )   —     0.00

Class C (2007-4)

   1.906 %   —     555,989.58   —     555,989.58   (555,989.58 )   —     0.00
                               

Total Class C

     —     5,586,047.93   —     5,586,047.93   (3,626,354.18 )   1,959,693.75   608.27

Total

     2,152,026.95   55,541,816.02   —     55,541,816.02   (53,963,181.72 )   3,730,661.25   1,377.62

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		    Withdrawls
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		    Withdrawls
from Class
D Reserve
sub-Account
Balance		    Ending Class D
Reserve
sub-Account
Balance		    Class D
Reserve
sub-Account
Earnings

Class D (2002-1)

    0.00    275,735,826.78    152,411,612.73    0.00    152,411,612.73    0.00

 

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 (2004-3)

                  

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)

    48,795,300.00    48,795,300.00    37,952,100.00    37,952,100.00    5,422,050.00    5,422,050.00

Class A (2006-B)

    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-C)

    118,193,060.00    118,193,060.00    91,928,420.00    91,928,420.00    13,133,410.00    13,133,410.00

Class A (2006-D)

    27,108,500.00    27,108,500.00    21,084,500.00    21,084,500.00    3,012,250.00    3,012,250.00

Class A (2006-E)

    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- 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

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

 

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- 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

    3,233,501,880.00    3,233,501,880.00    2,514,959,160.00    2,514,959,160.00    359,301,180.00    359,301,180.00

Class B (2003-5)

          112,716,553.05    112,716,553.05    16,103,318.14    16,103,318.14

Class B (2004-3)

          112,716,553.05    112,716,553.05    16,103,318.14    16,103,318.14

Class B (2004-6)

          150,288,737.40    150,288,737.40    21,471,090.85    21,471,090.85

Class B (2004-7)

          138,720,261.84    138,720,261.84    19,818,353.63    19,818,353.63

Class B (2005-1)

          131,502,645.22    131,502,645.22    18,787,204.50    18,787,204.50

Class B (2005-3)

          75,144,368.70    75,144,368.70    10,735,545.43    10,735,545.43

Class B (2006-1)

          131,502,645.22    131,502,645.22    18,787,204.50    18,787,204.50

Class B (2006-2)

          263,005,290.46    263,005,290.46    37,574,408.99    37,574,408.99

Class B (2007- 1)

          263,005,290.46    263,005,290.46    37,574,408.99    37,574,408.99

Class B (2007- 2)

          131,502,645.22    131,502,645.22    18,787,204.50    18,787,204.50

Class B (2007- 3)

          187,860,921.75    187,860,921.75    26,838,863.56    26,838,863.56

Class B (2007- 4)

          187,860,921.75    187,860,921.75    26,838,863.56    26,838,863.56

Class B (2007- 5)

          112,716,553.05    112,716,553.05    16,103,318.14    16,103,318.14

Class B (2008-A)

          263,005,290.46    263,005,290.46    37,574,408.99    37,574,408.99

Class B (2009-A)

          263,005,290.46    263,005,290.46    37,574,408.99    37,574,408.99
                         

Total Class B

          2,524,553,968.09    2,524,553,968.09    360,671,920.91    360,671,920.91

Class C (2003-3)

                33,359,803.28    33,359,803.28

Class C (2003-4)

                33,359,803.28    33,359,803.28

Class C (2004-2)

                13,343,921.31    13,343,921.31

Class C (2004-3)

                49,038,910.83    49,038,910.83

Class C (2004-4)

                20,015,881.97    20,015,881.97

Class C (2005-1)

                23,351,862.30    23,351,862.30

Class C (2006-1)

                23,351,862.30    23,351,862.30

Class C (2006-2)

                13,343,921.31    13,343,921.31

Class C (2006-3)

                16,679,901.64    16,679,901.64

 

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 (2007-1)

                40,031,763.94    40,031,763.94

Class C (2007-2)

                33,359,803.28    33,359,803.28

Class C (2007-3)

                16,679,901.64    16,679,901.64

Class C (2007-4)

                46,703,724.61    46,703,724.61
                     

Total Class C

                362,621,061.69    362,621,061.69

 

* 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.
** As a result of a delay in processing of certain Bankruptcy related claims in November 2008, defaults related to such accounts were processed in February 2009 instead of November 2008. The Current Month Excess Spread Amount in February 2009 was therefore lower than it should have been by $5,852,850,86 and the Three Month Average Excess Spread Amount in March 2009 was therefore lower than it should have been by $1,950,950.29.

N. Early Redemption Event

 

Current Month Excess Spread Amount

    $ 152,411,612.73
      

Prior Month Excess Spread Amount

    $ 199,302,749.10
      

Two Months Prior Excess Spread Amount

    $ 225,466,792.67
      

Three Month Average Excess Spread Amount

    $ 192,393,718.17
      

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 10th day of April, 2009.

 

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

/s/ Pam Koch

Name:   Pam Koch
Title:   Authorized Officer
Date:   04/10/2009

 

19