Exhibit 99.22

MBNA MASTER CREDIT CARD TRUST II 

SERIES 1996-M

KEY PERFORMANCE FACTORS
FEBRUARY, 1998



        Expected B Maturity                                       12/15/06


        Blended Coupon                                          5.8152%



        Excess Protection Level
          3 Month Average  4.86%
          February, 1998  4.66%
          January, 1998  4.59%
          December, 1997  5.33%


        Cash Yield                                  16.74%


        Investor Charge Offs                        4.83%


        Base Rate                                   7.25%


        Over 35 Day Delinquency                     5.04%


        Seller's Interest                           15.07%


        Total Payment Rate                          12.54%


        Total Principal Balance                     $ 34,488,564,555.67


        Investor Participation Amount               $ 500,000,000.00


        Seller Participation Amount                 $ 5,197,230,037.18