Exhibit 99.19

MBNA MASTER CREDIT CARD TRUST II

SERIES 1996-M

KEY PERFORMANCE FACTORS
MAY, 2000



Expected B Maturity 12/15/06


Blended Coupon 6.8950%



Excess Protection Level
3 Month Average 5.62%
May, 2000 5.47%
April, 2000 5.56%
March, 2000 5.85%


Cash Yield 19.29%


Investor Charge Offs 4.66%


Base Rate 9.16%


Over 30 Day Delinquency 4.70%


Seller's Interest 9.50%


Total Payment Rate 14.38%


Total Principal Balance $ 52,496,626,963.52


Investor Participation Amount $ 500,000,000.00


Seller Participation Amount $ 4,987,826,445.03