Exhibit 99.27

MBNA MASTER CREDIT CARD TRUST II

SERIES 1997-N

KEY PERFORMANCE FACTORS
June 30, 2000



        Expected B Maturity                                         11/15/00


        Blended Coupon 6.8267%


        Excess Protection Level
          3 Month Average   5.38%
          June, 2000   4.97%
          May, 2000   5.55%
          April, 2000   5.63%


        Cash Yield                                  18.78%


        Investor Charge Offs                         4.56%


        Base Rate                                    9.25%


        Over 30 Day Delinquency                      4.60%


        Seller's Interest                           12.05%


        Total Payment Rate                          14.03%


        Total Principal Balance                     $54,839,173,315.51


        Investor Participation Amount               $900,000,000.00


        Seller Participation Amount                 $6,607,972,797.02