CLASS A CUSIP 55262T BJ1 Exhibit 20.17 CLASS B CUSIP 55262T BK8 FORM OF MONTHLY CERTIFICATEHOLDERS' STATEMENT SERIES 1996-E MBNA AMERICA BANK, NATIONAL ASSOCIATION MBNA MASTER CREDIT CARD TRUST II ____________________________________________ MONTHLY PERIOD ENDING APRIL 30, 1998 ____________________________________________ The information which is required to be prepared with respect to the Distribution Date of May 15, 1998, and with respect to the performance of the trust during the month of April, 1998 is set forth below. Capitalized terms used in this statement have their respective meanings set forth in the Pooling and Servicing Agreement. A. Information Regarding the Current Monthly Distribution (Stated on the Basis of $1,000 Original Certificate Principal Amount). 1. The amount of distribution in respect of Class A Monthly Principal $0.000000 ----------------- 2. The amount of distribution in respect of Class B Monthly Principal $0.000000 ----------------- 3. The amount of distribution in respect of Collateral Monthly Principal $0.000000 ----------------- 4. The amount of distribution in respect of Class A Monthly Interest $4.855208 ----------------- 5. The amount of distribution in respect of Class A Deficiency Amounts $0.000000 ----------------- 6. The amount of distribution in respect of Class A Additional Interest $0.000000 ----------------- 7. The amount of distribution in respect of Class B Monthly Interest $4.971875 ----------------- 8. The amount of distribution in respect of Class B Deficiency Amounts $0.000000 ----------------- 9. The amount of distribution in respect of Class B Additional Interest $0.000000 ----------------- 10. The amount of distribution in respect of Collateral Monthly Interest $5.192708 ----------------- 11. The amount of distribution in respect of any accrued and unpaid Collateral Monthly Interest $0.000000 ----------------- B. Information Regarding the Performance of the Trust 1. Collection of Principal Receivables (a) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class A Certificates $82,710,655.63 ----------------- (b) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class B Certificates $7,298,000.76 ----------------- (c) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Collateral Interest $7,298,000.76 ----------------- 2. Principal Receivables in the Trust (a) The aggregate amount of Principal Receivables in the Trust as of the end of the day on the last day of the related Monthly Period $35,947,972,379.88 ----------------- (b) The amount of Principal Receivables in the Trust represented by the Investor Interest of Series 1996-E as of the end of the day on the last day of the related Monthly Period $750,000,000.00 ----------------- (c) The amount of Principal Receivables in the Trust represented by the Adjusted Investor Interest of Series 1996-E as of the end of the day on the last day of the related Monthly Period $750,000,000.00 ----------------- (d) The amount of Principal Receivables in the Trust represented by the Class A Investor Interest as of the end of the day on the last day of the related Monthly Period $637,500,000.00 ----------------- (e) The amount of Principal Receivables in the Trust represented by the Class A Adjusted Investor Interest as of the end of the day on the last day of the related Monthly Period $637,500,000.00 ----------------- (f) The amount of Principal Receivables in the Trust represented by the Class B Investor Interest as of the end of the day on the last day of the related Monthly Period $56,250,000.00 ----------------- (g) The amount of Principal Receivables in the Trust represented by the Collateral Interest as of the end of the day on the last day of the related Monthly period $56,250,000.00 ----------------- (h) The Floating Investor Percentage with respect to the period: April 1, 1998 through April 9, 1998 2.21% April 10, 1998 through April 30, 1998 2.10% (i) The Class A Floating Allocation with respect to the related Monthly Period 0.850000 ---------- (j) The Class B Floating Allocation with respect to the related Monthly period 0.075000 ---------- (k) The Collateral Floating Allocation with respect to the related Monthly Period 0.075000 ---------- (l) The Fixed Investor Percentage with respect to the related Monthly Period N/A ---------- (m) The Class A Fixed Allocation with respect to the related Monthly Period N/A ---------- (n) The Class B Fixed Allocation with respect to the related Monthly Period N/A ---------- (o) The Collateral Fixed Allocation with respect to the related Monthly Period N/A ---------- 3. Delinquent Balances The aggregate amount of outstanding balances in the Accounts which were delinquent as of the end of the day on the last day of the related Monthly Period: Percentage Aggregate of Total Account Receivables Balance (a) 35 - 64 days: 1.96% 718,135,353.17 ------- ----------------- (b) 65 - 94 days: 0.92% 337,535,063.31 ------- ----------------- (c) 95 - 124 days: 0.68% 250,532,010.33 ------- ----------------- (d) 125 - 154 days: 0.56% 203,334,594.52 ------- ----------------- (e) 155 or more days: 0.91% 331,191,707.97 ------- ----------------- Total 5.03% 1,840,728,729.30 ------- ----------------- 4. Investor Default Amount (a) The Aggregate Investor Default Amount for the related Monthly Period $ 3,100,667.05 ----------------- (b) The Class A Investor Default Amount for the related Monthly Period $2,635,566.91 ----------------- (c) The Class B Investor Default Amount for the related Monthly Period $232,550.07 ----------------- (d) The Collateral Default Amount for the related Monthly Period $232,550.07 ----------------- 5. Investor Charge Offs (a) The aggregate amount of Class A Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (b) The aggregate amount of Class A Investor Charge Offs set forth in 5 (a) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (c) The aggregate amount of Class B Investor Charge Offs for the related Monthly Period $ 0.00 ----------------- (d) The aggregate amount of Class B Investor Charge Offs set forth in 5 (c) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (e) The aggregate amount of Collateral Charge Offs for the related Monthly Period $ 0.00 ----------------- (f) The aggregate amount of Collateral Charge Offs set forth in 5 (e) above per $1,000 of original certificate principal amount $ 0.00 ----------------- (g) The aggregate amount of Class A Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (h) The aggregate amount of Class A Investor Charge Offs set forth in 5 (g) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (i) The aggregate amount of Class B Investor Charge Offs reimbursed on the Transfer Date immediately pre- ceding this Distribution Date $ 0.00 ----------------- (j) The aggregate amount of Class B Investor Charge Offs set forth in 5 (i) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distri- bution Date $ 0.00 ----------------- (k) The aggregate amount of Collateral Charge Offs reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- (l) The aggregate amount of Collateral Charge Offs set forth in 5 (k) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 ----------------- 6. Investor Servicing Fee (a) The amount of the Class A Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $664,062.50 ----------------- (b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $58,593.75 ----------------- (c) The amount of the Collateral Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $58,593.75 ----------------- (d) The amount of Servicer Interchange payable by the Trust to the Servicer for the related Monthly Period $468,750.00 ----------------- 7. Reallocations (a) The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (b) The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $ 0.00 ----------------- (c) The Collateral Interest as of the close of business on this Distribution Date $56,250,000.00 ----------------- (d) The Class B Investor Interest as of the close of business on this Distribution Date $56,250,000.00 ----------------- 8. Principal Funding Account (a) The principal amount on deposit in the Principal Funding Account on the related Transfer Date (after taking into account deposits on such date but prior to withdrawals) $ 0.00 ----------------- (b) The Accumulation Shortfall with respect to the related Monthly Period $ 0.00 ----------------- (c) The Principal Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- (d) The amount of all or the portion of the Reserve Draw Amount deposited in the Finance Charge Account on the related Transfer Date from the Reserve Account $ 0.00 ----------------- (e) Interest earnings on funds on deposit in the Reserve Account deposited in the Finance Charge Account on the related Transfer Date $ 0.00 ----------------- 9. Available Funds (a) The amount of Class A Available Funds on deposit in the Finance Charge Account on the related Transfer Date $9,512,873.68 ----------------- (b) The amount of Class B Available Funds on deposit in the Finance Charge Account on the related Transfer Date $839,371.38 ----------------- (c) The amount of Collateral Available Funds on deposit in the Finance Charge Account on the related Transfer Date $839,371.38 ----------------- 10. Collection of Finance Charge Receivables (a) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period, allocated in respect of the Class A Certificates $9,911,311.18 ----------------- (b) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Class B Certificates $874,527.63 ----------------- (c) The aggregate amount of Collections of Finance Charge Receivables and Annual Membership Fees processed during the related Monthly Period which were allocated in respect of the Collateral Interest $874,527.63 ----------------- 11. Portfolio Yield (a) The Portfolio Yield for the related Monthly Period 13.70% ------- (b) The Portfolio Adjusted Yield 4.93% ------- C. LIBOR Determinations LIBOR rates for the Interest Period of April 15, 1998 through May 14, 1998: Class A and Class B determination - 5.65625% ----------- MBNA AMERICA BANK, NATIONAL ASSOCIATION, Servicer Bruce Crescenzo By:________________________ Name: Bruce Crescenzo Title: Vice President 1996-E