Exhibit 99.20

MBNA MASTER CREDIT CARD TRUST II

SERIES 1997-I

KEY PERFORMANCE FACTORS
December 31, 2000



Expected B Maturity 8/16/04


Blended Coupon 6.6461%



Excess Protection Level
3 Month Average 4.41%
December, 2000 0.39%
November, 2000 6.52%
October, 2000 6.31%


Cash Yield19.79%


Investor Charge Offs10.15%


Base Rate 9.26%


Over 30 Day Delinquency 4.72%


Seller's Interest10.47%


Total Payment Rate13.35%


Total Principal Balance$57,190,978,436.47


Investor Participation Amount$750,000,000.00


Seller Participation Amount$5,990,287,874.98