Exhibit 99.12

MBNA MASTER CREDIT CARD TRUST II

SERIES 1996-H

KEY PERFORMANCE FACTORS
DECEMBER, 2000



Expected B Maturity 09/17/01


Blended Coupon 6.8985%



Excess Protection Level
3 Month Average 4.37%
December, 2000 0.38%
November, 2000 6.39%
October, 2000 6.33%


Cash Yield 19.83%


Investor Charge Offs 10.15%


Base Rate 9.30%


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 $ 1,200,000,000.00


Seller Participation Amount $ 5,990,287,874.98