WHO:    Governor Jim Gilmore
            Capital One Officials

    WHAT:   A major economic development announcement for Henrico County

    WHERE:  Capital One
            11011 W. Broad Street
            Glen Allen, Virginia

    WHEN:   Tuesday, February 9, 1999
            noon

Capital One currently employs more than 7,000 associates in the Commonwealth of Virginia. The company recently reported record earnings for 1998 -- $275.2 million, or $3.96 per share, up from $2.80 per share in 1997.

Also, Capital One was recently ranked number 41 on Fortune magazine's list of the 100 "Best Places to Work in America." It is the only Virginia-based company ranked.

    CONTACT:  Diana Don of Capital One, 703-205-1165.

SOURCE  Capital One Financial Corporation
    -0-                             02/08/99
    /PRNewswire -- Feb. 8/
    /Web site:  http://www.capitalone.com/
    (COF)

CO:  Capital One Financial Corporation
ST:  Virginia
IN:  FIN
SU: