Exhibit 99.1

MBNA MASTER CREDIT CARD TRUST II SERIES 1994-C

KEY PERFORMANCE FACTORS
December 31, 2000



Expected B Maturity 11/15/01


Blended Coupon 6.9845%



Excess Protection Level
3 Month Average 4.25%
December, 2000 0.20%
November, 2000 6.36%
October, 2000 6.19%


Cash Yield 19.79%


Investor Charge Offs 10.15%


Base Rate 9.45%


Over 30 Day Delinquency 4.72%


Seller's Interest 10.47%


Total Payment Rate 13.35%


Total Principal Balance $ 57,190,978,436.47


Investor Participation Amount $ 1,000,000,000.00


Seller Participation Amount $ 5,990,287,874.98