FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person *   Berson Jory A 2. Date of Event Requiring Statement (Month/Day/Year) 06/05/2006 3. Issuer Name and Ticker or Trading Symbol CAPITAL ONE FINANCIAL CORP [COF] (Last) (First) (Middle) 1680 CAPITAL ONE DRIVE 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Executive Officer 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) MCLEAN, VA 22102 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock 44,338 D Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	05/13/2002	01/22/2007	Common Stock	1,786	$ 53.07	D	Â
Employee Stock Option (Right to Buy)	05/03/2004	01/22/2007	Common Stock	422	$ 61.21	D	Â
Employee Stock Option (Right to Buy)	05/03/2004	09/12/2007	Common Stock	603	$ 61.21	D	Â
Employee Stock Option (Right to Buy)	05/03/2004	12/16/2008	Common Stock	1,632	$ 61.21	D	Â
Employee Stock Option (Right to Buy)	  (1)	04/28/2009	Common Stock	55,662	$ 56.46	D	Â
Employee Stock Option (Right to Buy)	04/29/1999	04/28/2009	Common Stock	300	$ 56.46	D	Â
Employee Stock Option (Right to Buy)	  (2)	12/12/2011	Common Stock	4,076	$ 49.07	D	Â
Employee Stock Option (Right to Buy)	  (3)	12/12/2011	Common Stock	18,991	$ 49.07	D	Â
Employee Stock Option (Right to Buy)	  (4)	12/14/2013	Common Stock	18,924	$ 56.28	D	Â
Employee Stock Option (Right to Buy)	12/15/2006	12/14/2013	Common Stock	1,776	$ 56.28	D	Â
Employee Stock Option (Right to Buy)	  (5)	03/14/2015	Common Stock	19,570	$ 78.71	D	Â
Employee Stock Option (Right to Buy)	  (6)	03/02/2016	Common Stock	21,340	$ 88.81	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Berson Jory A 1680 CAPITAL ONE DRIVE MCLEAN, VA 22102	Â	Â	  Executive Officer	Â

Signatures

By: Frederick L. Williams (POA on file) for		06/14/2006
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	This option becomes exercisable in two equal increments, the first on April 29, 2005 and the last on April 29, 2008.
(2)	This option became exercisable in two equal increments, the first on December 13, 2003 and the last on December 13, 2004.
(3)	This option became exercisable in 33 1/3% increments beginning on December 13, 2002 and annually thereafter.
(4)	This option becomes exercisable in the following manner: two increments of 6,900 underlying shares on December 15, 2004 and December 15, 2005 and the last increment of 5,124 underlying shares on December 15, 2006.
(5)	This option becomes exercisable in 33 1/3% increments beginning on March 15, 2006 and annually thereafter.
(6)	This option becomes exercisable in the following manner: two increments of 7,106 underlying shares on March 3, 2007 and March 3, 2008 and the last increment of 7,128 underlying shares on March 3, 2009.

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