Exhibit 99.18

MBNA MASTER CREDIT CARD TRUST II

SERIES 1997-E

KEY PERFORMANCE FACTORS
March 31, 2001



Expected B Maturity 4/15/02


Blended Coupon 5.7642%



Excess Protection Level
3 Month Average 7.46%
March, 2001 7.75%
February, 2001 7.47%
January, 2001 7.16%


Cash Yield 20.71%


Investor Charge Offs 4.83%


Base Rate 8.12%


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 $750,000,000.00


Seller Participation Amount $4,172,058,483.42