FALLS CHURCH, Va., Oct. 5 /PRNewswire/ -- Capital One's Chief Information Officer James P. Donehey is one of 25 business leaders appointed to Virginia Governor Jim Gilmore's Commission on Information Technology (IT). The Commission is tasked to address topics vital to the growth of the technology sector in the Commonwealth.

"Capital One is proud to join government, academic and business leaders who share our vision of bringing technology to the Commonwealth," said Mr. Donehey. "Technology is at the core of Capital One's business strategy. As one of the premier users of technology in the state and a large recruiter of information technology professionals, we are committed to help move Virginia into the 21st century by addressing these key issues."

Capital One addresses its business goals by fully integrating information technology into its strategies and operations. Capital One is recognized internationally for its ability to create IT solutions to increase productivity, develop cost-effective programs and provide corporate-wide support. The Company employs hundreds of IT professionals throughout Virginia.

Headquartered in Falls Church, Virginia, Capital One Financial Corporation is a financial services company whose principal subsidiaries, Capital One Bank and Capital One, F.S.B., offer consumer lending products. Capital One's subsidiaries collectively had 13.6 million customers and $15 billion in managed loans outstanding as of June 30, 1998, and are among the largest providers of MasterCard and Visa credit cards in the world. Capital One trades on the New York Stock Exchange under the symbol ``COF'' and is included in the S&P 500 Index. Capital One's Internet address is www.capitalone.com.