EX-99.2 3 dex992.htm EXHIBIT 99.2 Exhibit 99.2

Exhibit 99.2

CARD SERIES SCHEDULE TO

MONTHLY NOTEHOLDERS’ STATEMENT

Date: 05/12/2010

CAPITAL ONE MULTI-ASSET EXECUTION TRUST, ASSET POOL 1

Monthly Period Ending: April 30, 2010

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 May 14, 2010 and with respect to the performance of the Trust during the related Monthly Period from April 1, 2010 through April 30, 2010. Current Distribution Date is May 17, 2010.

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    17-May-10    241,946.67    0.4838933400

Class A (2004-1)

    14041NBG5    17-May-10    206,391.11    0.4127822200

Class A (2004-4)

    14041NBN0    17-May-10    210,835.56    0.4216711200

Class A (2004-5)

    14041NBP5    17-May-10    71,889.78    0.3594489000

Class A (2004-7)

    14041NBU4    17-May-10    500,000.00    1.0000000000

Class A (2004-8)

    14041NBW0    17-May-10    170,835.56    0.3416711200

Class A (2005-1)

    14041NBY6    17-May-10    216,253.33    0.2883377733

Class A (2005-3)

    14041NCC3    17-May-10    1,687,500.00    3.3750000000

Class A (2005-4)

    14041NCD1    17-May-10    67,834.67    0.2261155667

Class A (2005-6)

    14041NCF6    15-Jul-10    —      0.0000000000

Class A (2005-7)

    14041NCH2    17-May-10    1,958,333.33    3.9166666600

Class A (2005-9)

    14041NCK5    17-May-10    99,487.56    0.3061155692

Class A (2005-10)

    14041NCL3    17-May-10    148,613.33    0.2972266600

Class A (2005-11)

    14041NCM1    17-May-10    130,835.56    0.2616711200

Class A (2006-1)

    14041NCN9    17-May-10    128,613.33    0.2572266600

Class A (2006-2)

    14041NCP4    17-May-10    2,020,833.33    4.0416666600

Class A (2006-3)

    14041NCQ2    17-May-10    1,683,333.33    4.2083333250

Class A (2006-4)

    14041NCR0    17-May-10    261,671.11    0.2616711100

Class A (2006-5)

    14041NCS8    17-May-10    139,724.44    0.2794488800

Class A (2006-6)

    14041NCU3    17-May-10    2,208,333.33    4.4166666600

Class A (2006-7)

    14041NCV1    17-May-10    252,782.22    0.2527822200

Class A (2006-8)

    14041NCX7    17-May-10    75,834.67    0.2527822333

Class A (2006-9)

    14041NCY5    17-May-10    179,586.67    0.2394488933

Class A (2006-10)

    14041NDA6    17-May-10    2,145,833.33    4.2916666600

Class A (2006-11)

    14041NDB4    17-May-10    229,586.67    0.3061155600

Class A (2006-12)

    14041NDC2    17-May-10    139,724.44    0.2794488800

Class A (2006-14)

    14041NDF5    17-May-10    117,502.22    0.2350044400

Class A (2006-A)

       17-May-10    —      0.0000000000

Class A (2006-B)

       17-May-10    —      0.0000000000

Class A (2006-C)

       17-May-10    —      0.0000000000

Class A (2006-D)

       17-May-10    —      0.0000000000

Class A (2006-E)

       17-May-10    —      0.0000000000

Class A (2007-1)

    14041NDG3    17-May-10    169,100.00    0.2705600000

Class A (2007-2)

    14041NDL2    17-May-10    208,058.67    0.2972266714

Class A (2007-4)

    14041NDS7    17-May-10    189,586.67    0.2527822267

Class A (2007-A)

    U13554AD9    17-May-10    866,666.67    4.3333333500

Class A (2007-5)

    14041NDT5    17-May-10    157,002.67    0.2616711167

Class A (2007-6)

    14041NDW8    17-May-10    288,337.78    0.2883377800

Class A (2007-7)

    14041NDX6    17-May-10    4,791,666.67    4.7916666700

Class A (2007-8)

    14041NDY4    15-Jun-10    —      0.0000000000

Class A (2008-3)

    14041N ED9    17-May-10    2,525,000.00    4.2083333333

 

3

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

Class A (2008-4)

    14041NEE7    17-May-10    1,001,711.56    1.3816711172

Class A (2008-5)

    14041N EF4    17-May-10    3,031,250.00    4.0416666667

Class A (2008-6)

    14041NEG2    17-May-10    601,946.67    1.2038933400

Class A (2008-B)

       17-May-10    —      0.0000000000

Class A (2009-1)

    14041NEH0    17-May-10    782,530.67    1.2038933385

Class A (2009-2)

    14041NEJ6    17-May-10    2,666,666.67    0.0000000000

Class A (2009-A)

       17-May-10    —      0.0000000000
             

Total Class A

          32,573,640.25   

Class B (2003-5)

    14041NBA8    17-May-10    598,750.00    3.9916666667

Class B (2004-3)

    14041NBL4    17-May-10    131,250.67    0.8750044667

Class B (2004-7)

       15-Jul-10    —      0.0000000000

Class B (2005-1)

    14041NBX8    17-May-10    714,583.33    4.0833333143

Class B (2005-3)

    14041NCG4    15-Jul-10    —      0.0000000000

Class B (2006-1)

    14041NCT6    17-May-10    83,125.78    0.4750044571

Class B (2007-1)

    14041NDH1    17-May-10    163,140.44    0.4661155429

Class B (2007-3)

    14041NDQ1    17-May-10    1,052,083.33    4.2083333200

Class B (2007-5)

    14041NDV0    17-May-10    675,000.00    4.5000000000

Class B (2009-C)

       17-May-10    1,557,723.92    2.6705599977
             

Total Class B

          4,975,657.47   

Class C (2003-3)

    14041NAV3    17-May-10    556,528.89    2.2261155600

Class C (2003-4)

    14041NAZ4    17-May-10    1,250,000.00    5.0000000000

Class C (2004-2)

    14041NBH3    17-May-10    115,944.89    1.1594489000

Class C (2004-3)

       15-Jun-10    —      0.0000000000

Class C (2006-1)

    14041NCW9    17-May-10    84,681.33    0.4838933143

Class C (2006-2)

    14041NCZ2    17-May-10    49,278.22    0.4927822000

Class C (2006-3)

    14041NDD0    17-May-10    63,820.00    0.5105600000

Class C (2007-1)

    14041NDJ7    17-May-10    195,834.67    0.6527822333

Class C (2007-2)

    14041NDK4    17-May-10    123,195.56    0.4927822400

Class C (2007-3)

    14041NDU2    17-May-10    60,486.67    0.4838933600

Class C (2007-4)

    14041NEA5    17-May-10    499,140.44    1.4261155429

Class C (2009-A)

       17-May-10    174,899.51    2.4483378273
             

Total Class C

          3,173,810.18   

Total

          40,723,107.90   

 

4

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 (2005-3)

    14041NCC3    17-May-10    500,000,000.00    1,000.0000000000

Class A (2008-4)

    14041NEE7    17-May-10    725,000,000.00    1,000.0000000000

Class B (2007-3)

    14041NDQ1    17-May-10    250,000,000.00    1,000.0000000000

 

5

C.   Outstanding Dollar Principal Amount and Nominal Liquidation Amount for the related Monthly Period:
  (as of the end of the related Monthly Period)

 

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

Class A (2003-5)

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

Class A (2004-1)

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

Class A (2004-4)

    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 (2005-6)

    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 (2006-14)

    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)

    —      —      —      —  

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 (2007-4)

    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

 

6

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

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 (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 (2009-1)

    650,000,000.00    650,000,000.00    650,000,000.00    650,000,000.00

Class A (2009-2)

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

Class A (2009-A)

    —      —      —      —  
                   

Total Class A

    23,830,000,000.00    23,830,000,000.00    23,830,000,000.00    23,830,000,000.00

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 (2004-7)

    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 (2007-1)

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

Class B (2007-3)

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

Class B (2007-5)

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

Class B (2009-C)

    583,294,860.00    583,294,860.00    583,294,860.00    583,294,860.00
                   

Total Class B

    2,267,899,860.00    2,267,899,860.00    2,267,899,860.00    2,267,899,860.00

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

Class C (2004-3)

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

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

Class C (2009-A)

    71,436,020.00    71,436,020.00    71,436,020.00    71,436,020.00
                   

Total Class C

    2,463,936,020.00    2,463,936,020.00    2,463,936,020.00    2,463,936,020.00

 

7

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

Class D (2002-1)

       288,522,533.08    288,522,533.08    288,522,533.08
                   

Total

    28,561,835,880.00    28,850,358,413.08    28,850,358,413.08    28,850,358,413.08

 

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 (2004-4)

    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 (2005-6)

    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 (2006-14)

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

Class A (2006-A)

    —      —      —      —      —      —      —      —  

Class A (2006-B)

    —      —      —      —      —      —      —      —  

Class A (2006-C)

    —      —      —      —      —      —      —      —  

Class A (2006-D)

    —      —      —      —      —      —      —      —  

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 (2007-4)

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

 

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-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 (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 (2009-1)

    650,000,000.00    —      —      —      —      —      —      650,000,000.00

Class A (2009-2)

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

Class A (2009-A)

    —      —      —      —      —      —      —      —  
                                       

Total Class A

    23,830,000,000.00    —      —      —      —      —      1,225,000,000.00    22,605,000,000.00

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 (2004-7)

    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 (2007-1)

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

Class B (2007-3)

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

Class B (2007-5)

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

Class B (2009-C)

    583,294,860.00    —      —      —      —      —      —      583,294,860.00
                                       

Total Class B

    2,267,899,860.00    —      —      —      —      —      250,000,000.00    2,017,899,860.00

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 (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

 

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 (2009-A)

    71,436,020.00    —      —      —      —      —      —      71,436,020.00
                                       

Total Class C

    2,463,936,020.00    —      —      —      —      —      —      2,463,936,020.00

Class D (2002-1)

    288,522,533.08    —      —      —      —      —      —      273,622,551.18
                                       

Total

    28,850,358,413.08    —      —      —      —      —      1,475,000,000.00    27,360,458,431.18

 

* 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 (2005-3)

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

Class A (2008-4)

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

Class B (2007-3)

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

 

11

F. Targeted Deposits to Interest Funding sub-Accounts:

 

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

Class A (2003-5)

   0.544 %    —     241,946.67   —     241,946.67   (241,946.67 )    —     0.00

Class A (2004-1)

   0.464 %    —     206,391.11   —     206,391.11   (206,391.11 )    —     0.00

Class A (2004-4)

   0.474 %    —     210,835.56   —     210,835.56   (210,835.56 )    —     0.00

Class A (2004-5)

   0.404 %    —     71,889.78   —     71,889.78   (71,889.78 )    —     0.00

Class A (2004-7)

   0.400 %    322,222.22   177,777.78   —     177,777.78   (500,000.00 )    —     5.34

Class A (2004-8)

   0.384 %    —     170,835.56   —     170,835.56   (170,835.56 )    —     0.00

Class A (2005-1)

   0.324 %    —     216,253.33   —     216,253.33   (216,253.33 )    —     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)

   0.254 %    —     67,834.67   —     67,834.67   (67,834.67 )    —     0.00

Class A (2005-6)

   0.353 %    —     142,692.04   —     142,692.04   —        142,692.04   1.29

Class A (2005-7)

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

Class A (2005-9)

   0.344 %    —     99,487.56   —     99,487.56   (99,487.56 )    —     0.00

Class A (2005-10)

   0.334 %    —     148,613.33   —     148,613.33   (148,613.33 )    —     0.00

Class A (2005-11)

   0.294 %    —     130,835.56   —     130,835.56   (130,835.56 )    —     0.00

Class A (2006-1)

   0.289 %    —     128,613.33   —     128,613.33   (128,613.33 )    —     0.00

Class A (2006-2)

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

Class A (2006-3)

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

Class A (2006-4)

   0.294 %    —     261,671.11   —     261,671.11   (261,671.11 )    —     0.00

Class A (2006-5)

   0.314 %    —     139,724.44   —     139,724.44   (139,724.44 )    —     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)

   0.284 %    —     252,782.22   —     252,782.22   (252,782.22 )    —     0.00

Class A (2006-8)

   0.284 %    —     75,834.67   —     75,834.67   (75,834.67 )    —     0.00

Class A (2006-9)

   0.269 %    —     179,586.67   —     179,586.67   (179,586.67 )    —     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)

   0.344 %    —     229,586.67   —     229,586.67   (229,586.67 )    —     0.00

Class A (2006-12)

   0.314 %    —     139,724.44   —     139,724.44   (139,724.44 )    —     0.00

Class A (2006-14)

   0.264 %    —     117,502.22   —     117,502.22   (117,502.22 )    —     0.00

Class A (2006-A)

   —        —     0.00   —     0.00   —        —     0.00

Class A (2006-B)

   —        —     0.00   —     0.00   —        —     0.00

Class A (2006-C)

   —        —     0.00   —     0.00   —        —     0.00

Class A (2006-D)

   —        —     0.00   —     0.00   —        —     0.00

Class A (2006-E)

   —        —     0.00   —     0.00   —        —     0.00

Class A (2007-1)

   0.304 %    —     169,100.00   —     169,100.00   (169,100.00 )    —     0.00

Class A (2007-2)

   0.334 %    —     208,058.67   —     208,058.67   (208,058.67 )    —     0.00

Class A (2007-4)

   0.284 %    —     189,586.67   —     189,586.67   (189,586.67 )    —     0.00

Class A (2007-A)

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

Class A (2007-5)

   0.294 %    —     157,002.67   —     157,002.67   (157,002.67 )    —     0.00

Class A (2007-6)

   0.324 %    —     288,337.78   —     288,337.78   (288,337.78 )    —     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 (2007-7)

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

Class A (2007-8)

   0.557 %    239,832.36   247,568.89   —     247,568.89   —        487,401.25   3.32

Class A (2008-3)

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

Class A (2008-4)

   1.554 %    —     1,001,711.56   —     1,001,711.56   (1,001,711.56 )    —     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)

   1.354 %    —     601,946.67   —     601,946.67   (601,946.67 )    —     0.00

Class A (2008-B)

   —        —     0.00   —     0.00   —        —     0.00

Class A (2009-1)

   1.354 %    —     782,530.67   —     782,530.67   (782,530.67 )    —     0.00

Class A (2009-2)

   —        —     2,666,666.67   —     2,666,666.67   (2,666,666.67 )    —     0.00

Class A (2009-A)

   —        —     0.00   —     0.00   —        —     0.00
                               

Total Class A

     562,054.58   32,641,678.96   —     32,641,678.96   (32,573,640.25 )    630,093.29   9.95

Class B (2003-5)

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

Class B (2004-3)

   0.984 %    —     131,250.67   —     131,250.67   (131,250.67 )    —     0.00

Class B (2004-7)

   0.899 %    —     138,235.30   —     138,235.30   —        138,235.30   1.40

Class B (2005-1)

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

Class B (2005-3)

   0.853 %    —     75,805.33   —     75,805.33   —        75,805.33   0.75

Class B (2006-1)

   0.534 %    —     83,125.78   —     83,125.78   (83,125.78 )    —     0.00

Class B (2007-1)

   0.524 %    —     163,140.44   —     163,140.44   (163,140.44 )    —     0.00

Class B (2007-3)

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

Class B (2007-5)

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

Class B (2009-C)

   —        —     1,557,723.92   —     1,557,723.92   (1,557,723.92 )    —     0.00
                               

Total Class B

     —     5,189,698.10   —     5,189,698.10   (4,975,657.47 )    214,040.63   2.15

Class C (2003-3)

   2.504 %    —     556,528.89   —     556,528.89   (556,528.89 )    —     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)

   1.304 %    —     115,944.89   —     115,944.89   (115,944.89 )    —     0.00

Class C (2004-3)

   6.399 %    1,959,693.75   1,959,693.75   —     1,959,693.75   —        3,919,387.50   27.14

Class C (2006-1)

   0.544 %    —     84,681.33   —     84,681.33   (84,681.33 )    —     0.00

Class C (2006-2)

   0.554 %    —     49,278.22   —     49,278.22   (49,278.22 )    —     0.00

Class C (2006-3)

   0.574 %    —     63,820.00   —     63,820.00   (63,820.00 )    —     0.00

Class C (2007-1)

   0.734 %    —     195,834.67   —     195,834.67   (195,834.67 )    —     0.00

Class C (2007-2)

   0.554 %    —     123,195.56   —     123,195.56   (123,195.56 )    —     0.00

Class C (2007-3)

   0.544 %    —     60,486.67   —     60,486.67   (60,486.67 )    —     0.00

Class C (2007-4)

   1.604 %    —     499,140.44   —     499,140.44   (499,140.44 )    —     0.00

Class C (2009-A)

   —        —     174,899.51   —     174,899.51   (174,899.51 )    —     0.00
                               

Total Class C

     1,959,693.75   5,133,503.93   —     5,133,503.93   (3,173,810.18 )    3,919,387.50   27.14

Total

     2,521,748.33   42,964,880.99   —     42,964,880.99   (40,723,107.90 )    4,763,521.42   39.24

 

13

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 includes Class D Reserve sub-Account Earnings and deposits related to any new issuances)

 

     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

Class D (2002-1)

    288,503,584.13    0.00    0.00    14,898,999.82    273,604,584.31    5,311.06

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

              

 

14

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

            

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

      

 

15

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)

   44,179,650.00   44,179,650.00   52,206,350.00   52,206,350.00   6,024,500.00   6,024,500.00

Class A (2004-1)

   44,179,650.00   44,179,650.00   52,206,350.00   52,206,350.00   6,024,500.00   6,024,500.00

Class A (2004-4)

   44,179,650.00   44,179,650.00   52,206,350.00   52,206,350.00   6,024,500.00   6,024,500.00

Class A (2004-5)

   17,671,860.00   17,671,860.00   20,882,540.00   20,882,540.00   2,409,800.00   2,409,800.00

Class A (2004-7)

   44,179,650.00   44,179,650.00   52,206,350.00   52,206,350.00   6,024,500.00   6,024,500.00

Class A (2004-8)

   44,179,650.00   44,179,650.00   52,206,350.00   52,206,350.00   6,024,500.00   6,024,500.00

Class A (2005-1)

   66,269,475.00   66,269,475.00   78,309,525.00   78,309,525.00   9,036,750.00   9,036,750.00

Class A (2005-3)

            

Class A (2005-4)

   26,507,790.00   26,507,790.00   31,323,810.00   31,323,810.00   3,614,700.00   3,614,700.00

Class A (2005-6)

   40,203,481.50   40,203,481.50   47,507,778.50   47,507,778.50   5,482,295.00   5,482,295.00

Class A (2005-7)

   44,179,650.00   44,179,650.00   52,206,350.00   52,206,350.00   6,024,500.00   6,024,500.00

Class A (2005-9)

   28,716,772.50   28,716,772.50   33,934,127.50   33,934,127.50   3,915,925.00   3,915,925.00

Class A (2005-10)

   44,179,650.00   44,179,650.00   52,206,350.00   52,206,350.00   6,024,500.00   6,024,500.00

Class A (2005-11)

   44,179,650.00   44,179,650.00   52,206,350.00   52,206,350.00   6,024,500.00   6,024,500.00

Class A (2006-1)

   44,179,650.00   44,179,650.00   52,206,350.00   52,206,350.00   6,024,500.00   6,024,500.00

Class A (2006-2)

   44,179,650.00   44,179,650.00   52,206,350.00   52,206,350.00   6,024,500.00   6,024,500.00

Class A (2006-3)

   35,343,720.00   35,343,720.00   41,765,080.00   41,765,080.00   4,819,600.00   4,819,600.00

Class A (2006-4)

   88,359,300.00   88,359,300.00   104,412,700.00   104,412,700.00   12,049,000.00   12,049,000.00

Class A (2006-5)

   44,179,650.00   44,179,650.00   52,206,350.00   52,206,350.00   6,024,500.00   6,024,500.00

Class A (2006-6)

   44,179,650.00   44,179,650.00   52,206,350.00   52,206,350.00   6,024,500.00   6,024,500.00

Class A (2006-7)

   88,359,300.00   88,359,300.00   104,412,700.00   104,412,700.00   12,049,000.00   12,049,000.00

Class A (2006-8)

   26,507,790.00   26,507,790.00   31,323,810.00   31,323,810.00   3,614,700.00   3,614,700.00

Class A (2006-9)

   66,269,475.00   66,269,475.00   78,309,525.00   78,309,525.00   9,036,750.00   9,036,750.00

Class A (2006-10)

   44,179,650.00   44,179,650.00   52,206,350.00   52,206,350.00   6,024,500.00   6,024,500.00

Class A (2006-11)

   66,269,475.00   66,269,475.00   78,309,525.00   78,309,525.00   9,036,750.00   9,036,750.00

Class A (2006-12)

   44,179,650.00   44,179,650.00   52,206,350.00   52,206,350.00   6,024,500.00   6,024,500.00

Class A (2006-14)

   44,179,650.00   44,179,650.00   52,206,350.00   52,206,350.00   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)

   55,224,562.50   55,224,562.50   65,257,937.50   65,257,937.50   7,530,625.00   7,530,625.00

Class A (2007-2)

   61,851,510.00   61,851,510.00   73,088,890.00   73,088,890.00   8,434,300.00   8,434,300.00

Class A (2007-4)

   66,269,475.00   66,269,475.00   78,309,525.00   78,309,525.00   9,036,750.00   9,036,750.00

Class A (2007-A)

   17,671,860.00   17,671,860.00   20,882,540.00   20,882,540.00   2,409,800.00   2,409,800.00

Class A (2007-5)

   53,015,580.00   53,015,580.00   62,647,620.00   62,647,620.00   7,229,400.00   7,229,400.00

Class A (2007-6)

   88,359,300.00   88,359,300.00   104,412,700.00   104,412,700.00   12,049,000.00   12,049,000.00

Class A (2007-7)

   88,359,300.00   88,359,300.00   104,412,700.00   104,412,700.00   12,049,000.00   12,049,000.00

 

16

    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 (2007-8)

   44,179,650.00   44,179,650.00   52,206,350.00   52,206,350.00   6,024,500.00   6,024,500.00

Class A (2008-3)

   53,015,580.00   53,015,580.00   62,647,620.00   62,647,620.00   7,229,400.00   7,229,400.00

Class A (2008-4)

            

Class A (2008-5)

   66,269,475.00   66,269,475.00   78,309,525.00   78,309,525.00   9,036,750.00   9,036,750.00

Class A (2008-6)

   44,179,650.00   44,179,650.00   52,206,350.00   52,206,350.00   6,024,500.00   6,024,500.00

Class A (2008-B)

            

Class A (2009-1)

   57,433,545.00   57,433,545.00   67,868,255.00   67,868,255.00   7,831,850.00   7,831,850.00

Class A (2009-2)

   88,359,300.00   88,359,300.00   104,412,700.00   104,412,700.00   12,049,000.00   12,049,000.00

Class A (2009-A)

            
                       

Total Class A

   1,997,361,976.50   1,997,361,976.50   2,360,249,083.50   2,360,249,083.50   272,367,645.00   272,367,645.00

Class B (2003-5)

       175,564,590.41   175,564,590.41   20,262,964.77   20,262,964.77

Class B (2004-3)

       175,564,590.41   175,564,590.41   20,262,964.77   20,262,964.77

Class B (2004-7)

       216,067,341.42   216,067,341.42   24,937,630.74   24,937,630.74

Class B (2005-1)

       204,825,355.48   204,825,355.48   23,640,125.57   23,640,125.57

Class B (2005-3)

       117,043,060.27   117,043,060.27   13,508,643.18   13,508,643.18

Class B (2006-1)

       204,825,355.48   204,825,355.48   23,640,125.57   23,640,125.57

Class B (2007-1)

       409,650,710.96   409,650,710.96   47,280,251.12   47,280,251.12

Class B (2007-3)

            

Class B (2007-5)

       175,564,590.41   175,564,590.41   20,262,964.77   20,262,964.77

Class B (2009-C)

       682,706,154.57   682,706,154.57   78,795,221.32   78,795,221.32
                   

Total Class B

       2,361,811,749.41   2,361,811,749.41   272,590,891.81   272,590,891.81

Class C (2003-3)

           27,762,749.21   27,762,749.21

Class C (2003-4)

           27,762,749.21   27,762,749.21

Class C (2004-2)

           11,105,099.68   11,105,099.68

Class C (2004-3)

           40,811,241.34   40,811,241.34

Class C (2006-1)

           19,433,924.45   19,433,924.45

Class C (2006-2)

           11,105,099.68   11,105,099.68

Class C (2006-3)

           13,881,374.61   13,881,374.61

Class C (2007-1)

           33,315,299.05   33,315,299.05

Class C (2007-2)

           27,762,749.21   27,762,749.21

Class C (2007-3)

           13,881,374.61   13,881,374.61

Class C (2007-4)

           38,867,848.90   38,867,848.90

Class C (2009-A)

           7,933,041.23   7,933,041.23
               

Total Class C

           273,622,551.18   273,622,551.18

 

* All balances for 2006-AA, 2006-AB, 2006-AC, 2006-AD, 2006-AE, 2008-AA and 2008-AB, 2009-AA tranches are as of End of Month.

 

17

N. Early Redemption Event

 

Current Month Excess Spread Amount

    $ 106,963,003.15
      

Prior Month Excess Spread Amount

    $ 177,193,971.60
      

Two Months Prior Excess Spread Amount

    $ 178,314,539.24
      

Three Month Average Excess Spread Amount

    $ 154,157,171.33
      

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

      YES
      

IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate this 12th day of May, 2010.

 

    Capital One Bank (USA), National Association
    as Administrator
By:    /s/ Pam Koch
Name:    Pam Koch
Title:    Authorized Officer
Date:    05/12/2010

 

18