BANK OF AMERICA

Investor Relations

Bank of America Prices $2.75 Billion in Credit Card Asset-Backed Notes from the MBNA Credit Card Master Note Trust

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CHARLOTTE, N.C., May 23 /PRNewswire/ -- Bank of America's MBNA America Bank, N.A. has priced two offerings totaling $2.75 billion in credit card asset-backed notes from the MBNA Credit Card Master Note Trust.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b)

The first offering, Class C (2006-3), consists of $250 million floating rate asset backed notes. The five-year notes were priced at par and will accrue interest at 29 basis points over the one-month London Interbank Offered Rate ("LIBOR").

This offering, scheduled to close on May 31, 2006, was lead managed by Banc of America Securities LLC and co-managed by Barclays Capital and RBS Greenwich Capital.

The second offering, Class A (2006-4), consists of $2.5 billion floating rate asset backed notes. The three-year notes were priced at par and will accrue interest at -1 basis points over the one-month London Interbank Offered Rate ("LIBOR").

This offering, scheduled to close on May 31, 2006, was lead managed by Banc of America Securities LLC and co-managed by Citigroup, Deutsche Bank Securities, Lehman Brothers and Merrill Lynch & Co.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may obtain the prospectus for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send to you the prospectus if you request it by calling toll-free 1-800-294-1322 or you may e-mail a request to dg.prospectus_distribution@bofasecurities.com.

www.bankofamerica.com/newsroom

SOURCE Bank of America

/CONTACT: Eloise Hale of Bank of America Corporation, +1-704-387-0013, or eloise.hale@bankofamerica.com/