Exhibit 99.20

MBNA MASTER CREDIT CARD TRUST II

SERIES 1997-I

KEY PERFORMANCE FACTORS
February 28, 2001



Expected B Maturity 8/16/04


Blended Coupon 6.4724%



Excess Protection Level
3 Month Average 4.96%
February, 2001 7.53%
January, 2001 6.94%
December, 2000 0.39%


Cash Yield19.48%


Investor Charge Offs 4.62%


Base Rate 7.33%


Over 30 Day Delinquency 5.13%


Seller's Interest 8.26%


Total Payment Rate13.44%


Total Principal Balance$57,174,868,500.05


Investor Participation Amount$750,000,000.00


Seller Participation Amount$4,724,177,938.56