Exhibit 99.23

MBNA MASTER CREDIT CARD TRUST II

SERIES 1997-F

KEY PERFORMANCE FACTORS
May 31, 2000



Expected B Maturity 6/17/02


Blended Coupon 6.6482%



Excess Protection Level
3 Month Average 5.78%
May, 2000 5.75%
April, 2000 5.56%
March, 2000 6.01%


Cash Yield 19.29%


Investor Charge Offs 4.66%


Base Rate 8.88%


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 $706,000,000.00


Seller Participation Amount $4,987,826,445.03