SECURITIES AND EXCHANGE COMMISSION


                             Washington, D.C. 20549


                                  ------------


                                    FORM 8-K


                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934



Date of Report (Date of earliest event reported) July 27, 1999.



                                Capital One Bank
                  --------------------------------------------
                  (Originator of the Capital One Master Trust)
                                on behalf of the
                            Capital One Master Trust
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

          Virginia                        0-23750               54-1719855
- -------------------------------  ------------------------ ----------------------
(State or Other Jurisdiction of  (Commission File Number) (IRS Employer
Incorporation)                                            Identification Number)


        11013 West Broad Street
         Glenn Allen, Virginia                                  23060
- ---------------------------------------                      ----------
(Address of Principal Executive Office)                      (Zip Code)



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



                                       N/A
          -------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)


INFORMATION TO BE INCLUDED IN THE REPORT

Item 1.           Not Applicable.

Item 2.           Not Applicable.

Item 3.           Not Applicable.

Item 4.           Not Applicable.

Item 5.           On July 27, 1999 the Capital One Master Trust issued its
                    Class A Floating Rate Asset Backed Certificates, Series
                    1999-3 and its Class B Floating Rate Asset Backed
                    Certificates, Series 1999-3.

Item 6.           Not Applicable.

Item 7.           Exhibits.

                  The following is filed as an Exhibit to this Report under
                    Exhibit 4.1

         Exhibit 4.1  Series 1999-3 Supplement dated July 27, 1999.

Item 8.           Not Applicable.

                                       2


                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Capital One Bank on behalf of the Capital One Master Trust has duly caused this
report to be signed on its behalf by the undersigned hereunto duly authorized.

                                             CAPITAL ONE MASTER TRUST
                                             By: CAPITAL ONE BANK



                                             By: /s/ Charles Y. Kim
                                                 -----------------------
                                             Name: Charles Y. Kim
                                             Title: Director of Securitization


                                 EXHIBIT INDEX


Exhibit                             Description
- -------                             -----------

4.1               Series 1999-3 Supplement dated July 27, 1999

                                       4