Exhibit 99.1

MBNA MASTER CREDIT CARD TRUST II SERIES 1994-C

KEY PERFORMANCE FACTORS
January 31, 2001



Expected B Maturity 11/15/01


Blended Coupon 6.1707%



Excess Protection Level
3 Month Average 4.47%
January, 2001 6.85%
December, 2000 0.20%
November, 2000 6.36%


Cash Yield 19.75%


Investor Charge Offs 4.73%


Base Rate 8.17%


Over 30 Day Delinquency 4.88%


Seller's Interest 11.58%


Total Payment Rate 14.47%


Total Principal Balance $ 57,905,967,832.59


Investor Participation Amount $ 1,000,000,000.00


Seller Participation Amount $ 6,705,277,271.10