Exhibit 99.1

MBNA MASTER CREDIT CARD TRUST II SERIES 1994-C

KEY PERFORMANCE FACTORS
March 31, 2001



Expected B Maturity 11/15/01


Blended Coupon 5.4752%



Excess Protection Level
3 Month Average 7.42%
March, 2001 7.99%
February, 2001 7.40%
January, 2001 6.85%


Cash Yield 20.67%


Investor Charge Offs 4.83%


Base Rate 7.84%


Over 30 Day Delinquency 4.90%


Seller's Interest 7.37%


Total Payment Rate 14.60%


Total Principal Balance $ 56,622,749,044.91


Investor Participation Amount $ 1,000,000,000.00


Seller Participation Amount $ 4,172,058,483.42