Exhibit 99.38

MBNA MASTER CREDIT CARD TRUST II

SERIES 1999-I

KEY PERFORMANCE FACTORS
January 31, 2001



Expected B Maturity 08/15/2002


Blended Coupon 6.4825%


Excess Protection Level
3 Month Average 4.57%
January, 2001 6.84%
December, 2000 0.38%
November, 2000 6.48%


Cash Yield19.75%


Investor Charge Offs 4.73%


Base Rate 8.18%


Over 30 Day Delinquency 4.88%


Seller's Interest11.58%


Total Payment Rate14.47%


Total Principal Balance$57,905,967,832.59


Investor Participation Amount$750,000,000.00


Seller Participation Amount$6,705,277,271.10