Exhibit 99.4 MBNA MASTER CREDIT CARD TRUST II SERIES 1994-D KEY PERFORMANCE FACTORS November 30, 1996 Expected B Maturity 11/17/97 Blended Coupon 5.69175% Excess Protection Level 3 Month Average 5.28% November, 1996 5.33% October, 1996 5.16% September, 1996 5.35% Cash Yield 17.08% Investor Charge Offs 3.86% Base Rate 7.88% Over 35 Day Delinquency 4.38% Seller's Interest 15.65% Total Payment Rate 11.72% Total Principal Balance $ 22,372,660,639.66 Investor Participation Amount $ 1,000,000,000.00 Seller Participation Amount $ 3,500,733,121.17