Exhibit 99.41

MBNA MASTER CREDIT CARD TRUST II

SERIES 1999-M

KEY PERFORMANCE FACTORS
February 28, 2001



Expected B Maturity 11/15/2004


Blended Coupon 6.6788%


Excess Protection Level
3 Month Average 4.84%
February, 2001 7.28%
January, 2001 6.85%
December, 2000 0.39%


Cash Yield19.48%


Investor Charge Offs 4.62%


Base Rate 7.58%


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$500,000,000.00


Seller Participation Amount$4,724,177,938.56