Exhibit 99.4

MBNA MASTER CREDIT CARD TRUST II SERIES 1995-E

KEY PERFORMANCE FACTORS
December 31, 2000



Expected B Maturity 09/16/2002


Blended Coupon 6.9685%



Excess Protection Level
3 Month Average 4.29%
December, 2000 0.22%
November, 2000 6.40%
October, 2000 6.23%


Cash Yield 19.79%


Investor Charge Offs 10.15%


Base Rate 9.43%


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 $500,000,000.00


Seller Participation Amount $5,990,287,874.98