Exhibit 99.12

MBNA MASTER CREDIT CARD TRUST II

SERIES 1996-H

KEY PERFORMANCE FACTORS
FEBRUARY, 2001



Expected B Maturity 09/17/01


Blended Coupon 5.5436%



Excess Protection Level
3 Month Average 4.76%
February, 2001 7.69%
January, 2001 6.21%
December, 2000 0.38%


Cash Yield 19.48%


Investor Charge Offs 4.62%


Base Rate 7.17%


Over 30 Day Delinquency 5.13%


Seller's Interest 8.26%


Total Payment Rate 13.44%


Total Principal Balance $ 57,174,868,500.05


Investor Participation Amount $ 1,200,000,000.00


Seller Participation Amount $ 4,724,177,938.56